r/HENRYUK

An opinion piece here so try not to get too rowdy…

I’ve noticed that more often than not, HENRY’s commenting on posts here tend to be incredibly opinionated (the irony eh?), stubborn and quite rude.

Perhaps it’s just my view on the comments and maybe I’m overly sensitive, though I can’t help but feel like there is so much doom & gloom in this subreddit. A lot of hateful comments as well.

It’s really quite bizarre. I imagine work & life stress contributes to the distasteful thoughts that are commonly shared.

Let‘s try and be a bit nicer on this subreddit? Other UK finance related subs are a lot more pleasant!

Hello all,

My situation:

22 years old,

Income approx ~550k pa (IT Contracting plus e-commerce business)

ISA - 87k

GIA - 90k

Pension - 80k

Cash in the Bank - approx 550k

Friends - none

Cats - 1

My main motivation for earning money was to buy a nice 5 bed mortgage free and “live happily ever after” and I think I’ll be able to do it this year.

However, I have no gf, no social life and actually no one to enjoy this theoretical amazing house with. Look back and realise huh this is very lonely.

Another financial aspect I would like advice on, is if I don’t need a big fancy home, which I don’t, then should I buy it? My idea is buy once, pay stamp duty once and done, no stress about moving and upsizing etc etc, but it’s weird to buy a big home young with no partner or kids. Anyone with better financial ideas please let me know. I don’t feel comfortable taking on mortgage.

My question is how on earth do people who are busy and working etc actually meet people and hopefully their partner. I go gym a few times a week but other than that nothing else. Like my motivation to make good money was always to provide for my theoretical kids and partner, but they don’t exist lol I feel kinda stupid lol, it’s essentially over planning from financial anxiety.

Bit worried I’m going to just be lonely just staring and code terminals and Shopify for the rest of my life lol.

Hey everyone, would love to get some thoughts on a house move.

I (28m) am on 155k OTE (120 base + 30 commission), partner is on 30k and so my net household income is £8k/month assuming no commission. My partner and I are in the process of buying a house (we are selling too), and we've found one for £600k that we love. We'd be mortgaging £500k. With current rates the mortgage is looking like it'll come in at ~£2500/month worst case scenario.

I have £95k in the bank (ISA and S&S ISA) which is serving as an emergency fund in case I lose my job.

The house is great and we could be there forever, but I'm so inherently risk averse that the idea of being committed to spending that much every month scares me. By most metrics this is well within normal/acceptable, but also the concept of being house poor is scary.

Sorry for the braindump, but eager to hear people's thoughts as another data point.

For those who have maxed out stock & share ISA and have extra money, where do you invest further?

1. GIA

2. Pension

3. Bonds

4. Property

There are pros and cons of each option..

most tax efficient being pension but have to lock money away until retirement - government policies may change

GIA is most liquid and easiest to access but draw out may be suboptimal in bad years

Just curious what do you guys do as part of your future planning?