I am 42yrs I am resident in Spain in a remote village only Spanish speaking people. I live here with my Spanish Wife and two children(4.5 yrs and 11 months), I travel back and forth to either the UK or Ireland on IT contract work if I can get it... Currently I am out of work and have been sine December 2008. I enjoy being with my Family, but I'm finding it hard to find contract work.
I have a 4 bed house in the Village with no mortgage, property worth approx 150,000 Euro and we have an 3 bed apartment just outside Madrid center in a place called Alcala de Henares. This apartment is rented out at 750 Euro a month, the Apartment was worth 213,000 in 2004 when we bought it, it would be difficult to get that for it now, but I consider it a long term investment. There is an outstanding 46,000 Euro mortgage on it but after all expenses it makes a profit of approx 220 a month.
We have about 48,000 here in Spain and that's for my wife should she need it, she is a permanent Primary school teacher here in the village, on a salary of approx 30,000 p.a.
I have further investments in Ireland by way of Deposit Accounts, 26,000 Euro in Anglo Irish and a GBP account with 8,000. I also recently setup a Bank of Scotland GBP Deposit account and lodged 80,000 GBP there at 4.5% over 18 months fixed.
I have 6,000 in a BOI account so I can get by if I go to Ireland on visits and work.
I have an Abbey National Account in London with approx 2600 GBP.... to get by when I go there for work.
I have a pension of 53,000 with Canada Life, I don't contribute to it any more... as it lost money last year my total contributions were 60K and it dropped to 46K as you can see it is now back to 53K
I want to get back to IT work but I feel I am financially comfortable,.....
Does anybody have any advice for me, should I be worried, I have 18 years IT experience and have been contracting since 1996.
Any advice financially or otherwise would be most appreciated, on what you would do in my position... how should I be concerned about the future immediately and going forward
Thank you
I have a 4 bed house in the Village with no mortgage, property worth approx 150,000 Euro and we have an 3 bed apartment just outside Madrid center in a place called Alcala de Henares. This apartment is rented out at 750 Euro a month, the Apartment was worth 213,000 in 2004 when we bought it, it would be difficult to get that for it now, but I consider it a long term investment. There is an outstanding 46,000 Euro mortgage on it but after all expenses it makes a profit of approx 220 a month.
We have about 48,000 here in Spain and that's for my wife should she need it, she is a permanent Primary school teacher here in the village, on a salary of approx 30,000 p.a.
I have further investments in Ireland by way of Deposit Accounts, 26,000 Euro in Anglo Irish and a GBP account with 8,000. I also recently setup a Bank of Scotland GBP Deposit account and lodged 80,000 GBP there at 4.5% over 18 months fixed.
I have 6,000 in a BOI account so I can get by if I go to Ireland on visits and work.
I have an Abbey National Account in London with approx 2600 GBP.... to get by when I go there for work.
I have a pension of 53,000 with Canada Life, I don't contribute to it any more... as it lost money last year my total contributions were 60K and it dropped to 46K as you can see it is now back to 53K
I want to get back to IT work but I feel I am financially comfortable,.....
Does anybody have any advice for me, should I be worried, I have 18 years IT experience and have been contracting since 1996.
Any advice financially or otherwise would be most appreciated, on what you would do in my position... how should I be concerned about the future immediately and going forward
Thank you