Show me the Money - Andrew the chef

R

rainyday

Guest
I thought Eddie missed the mark a bit in communicating the situation to Andrew. Phrases such as 'negative net worth' and 43% of net income were fairly meaningless - Alvin would have found an easily-digestible way to communicate this message to Andrew.
 
Andrew the Chef

'Let's see what's cooking'....class! :D

I liked the show.
 
I forgot to watch it. Was it better than the last 2 shows?

Marion :hat
 
!!!!!!!

No, it was a bit slow and boring to be honest. A missed opportunity by RTE yet again.
 
Better than the first fairly well-off couple show, worse than the poor holidaying on €1000 of refinancing debt couple show and didn't see last week's Donegal apartment one. This was the first programme about a single person. Andrew the chef (aged 27) was still living with his parents and spending lots on drink, cigarettes, car insurance, car loans (on a written-off car) and taxis. The profile of the average young person I imagine. He was also lucky enough to have parents that were willing to loan him money and he was "repaying" that via the €100 per week he was already giving to his mother. Eddie got him to stop buying rounds for his drinking buddies and cut back from two to one pack of cigarettes a day. At the end there was talk of him buying a property to rent out but without a substantial contribution from the parents it wasn't realistic given his income.
 
Marion,

Can't you video it again tomorrow at 3.00 (Friday, RTE2). Believe it or not I have managed between one thing and another to miss it each week at both 8.30 and 3.00 - Mother's taxi is usually on the road.
 
SMTM

Watched the show for the first time.

Surprisingly entertaining and Eddie is a real natural for the box.

But this is not at all what I thought we were in for when I first heard about the upcoming SMTM. I thought every major financial institution, including my own, would finish up subject to an IFSRA investigation and slapping writs on RTE and Eddie.

If last night's show is anything to go by, Credit as a commodity comes across as a wonderful thing. Without it Andrew would probably never in his whole life have the pleasure of owning his own car. Andrew's problem is that he is taking a bit too much of a good thing (credit).

The advice given is hardly the sort of stuff you would pay a financial advisor €200 an hour for. Much more useful, I concede, but surely his mammy could have dished out this common sense - cut down on the booze and fags.
 
Re: SMTM

Maybe its just me, but I got the impression that Andrew wasn't telling the whole truth. I don't believe the old halved the ciggies and drink bit and I also feel that the €100 a week to the Ma was not always handed over. When you work in the hospitality/hotel/bar trade the pressure for having a few pints from fellow staff and trade is enormous. There's always somebody going for a few pints at end of shift.
 
Re: SMTM

Interesting that Eddie went for the panacea of the credit union loan to refinance yet again - No talk of shopping around for the best APR loan.
 
Andrew

I thought the show was good.

Andrew lifestyle was heavily subsidied by his parents.

Net Annual Income €23K
Drinks and Fags p.a €10k
Loan repayments p.a €7.7K

It amde me feel quite good about my own finances, also he was buying a round of drinks that averaged €90!!!!

I ask you the alarm bells should have been ringing long ago. No thought of Savings, pensions etc
 
Re: Andrew

Drinks and Fags p.a €10k
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Let's hope mammy and daddy are saving up for his liver and lung transplant and triple bypass! :eek
 
Re: Andrew

I missed the start of last night's show. Was it mentioned if Andrew originally had any savings with the credit union? Like a poster on one of the earlier threads I'd have liked to seen more information on the process of debt consolidation.

Perhaps I'm being unfair but I also got the impression that he was not being entirely truthful about cutting back on the drinks/cigarettes, but I've also felt that way about some of the other participants. I also got the impression that he didn't *really* want to buy a house, but felt he had to pretend for the camera-again just my opinion.

I'd really like to see Eddie help someone struggling with their finances who didn't spend large amounts of money on socialising/entertainment/food. What would he recommend then?
 
Re: Re: Andrew

Was looking forward to this series and have seen them all so far, but have to say I am getting a bit bored. Its the same each week. Cut down on your social life and/or unnecessary extras and consolidate your loans, usually by going to the Credit Union. I've been watching in the hope of finding a different, more constructive way of dealing with my debts. It's really just entertainment for me at this stage. I get more answers and advice on here.
 
Re: Re: Andrew

I've always argued that a lot of the most widely applicable, proven and prudent advice about personal finances is, by it's nature pretty boring, and difficult to "sex up" to use the phrase of the day. Just read the AAM Guide to Savings & Investments and you'll see what I mean! (only joking Brendan!) ;)
 
SMTM

The market share is growing to over 35% so the shows a hit. These type of shows can't by their very nature deal at a detailed level, and remain entertaining to the mass audience. AAM and readers of personal finance pages are a specialist audience. If you win one you lose the other.

Hobbs has been around a long time running media campaigns at a highly detailed level. Employees of Life Offices and Banks that expected heavy hits from a money maker TV programme show a lack of understanding of TV. The format for that type of detailed and academic would require something like PrimeTime and a much later slot. But imagine PrimeTime focusing purely on personal finance ugh. The audience would be abysmal, but we'd love it.

It is also expecting too much to get free advice customised to your circumstances from TV! Two way communication like AAM is needed.

Once you bear this in mind and follow SMTM, its actually very good. Its about the people on the show, their relationships with each other and their relationship with money. My family are glued to it, including my young teenagers, so I'm happy. SMTM isn't the only recent success from RTE. I thought I'd never be heard saying it but the old girl is showing signs of sparkle. Maybe it was the fee increase!
 
Re: SMTM

SMTM isn't the only recent success from RTE. I thought I'd never be heard saying it but the old girl is showing signs of sparkle. Maybe it was the fee increase!
Click to expand...
I agree - The Clinic from earlier this year was great quality drama, and while Bachelors Walk didn't exactly float my boat, it was generally recognised as a high-quality product.
 
Lazy in the kitchen lazy with money......maybe not!

But...If Andrew was a chef, why was he seen buying a Dolmio Lasagne making kit from the supermarket? I thought that a chef could have put this togther using fresh ingredients?
 
Bravo Eddie!

This show was FAR better than Episode 2! *I unfortunately missed Episode 3*

Eddie got down to the nitty gritty of what was contributing to Andrew's amounting debt... he really highlighted how simple things like going to the pub & smoking can contribute to a growing debt.... and how a change in lifestyle & how one spends can make a BIG difference to your bank balance.

What got on my nerves during the programme was Andrew's constant declaration that he wanted to buy a house and rent it out for about 5 years.

...Yes Andrew... do that by all means... but where are you going to live for the time being?? You can't expect to live off mum & dad while becoming a 'property tycoon'... can you!
 
Can't Save, Won't Save!

The guy can't live within his means but wants to become a property investor! Welcome to Ireland 2004... :|
 
Re: Can't Save, Won't Save!

Looks like [broken link removed]!
 
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