Poll: Are you rich?
Total Members Polled: 535
Discussion
Skeptisk said:
Is that a parody post?
If not, how did you get so brainwashed? You really have bought into the BS of its all down to hard work. Stockholm syndrome.
Can’t help think of this.
https://youtu.be/8EI7p2p1QJI?si=faDfOOLY5wJOMXK8
He didn’t say that it was only down to hard work.If not, how did you get so brainwashed? You really have bought into the BS of its all down to hard work. Stockholm syndrome.
Can’t help think of this.
https://youtu.be/8EI7p2p1QJI?si=faDfOOLY5wJOMXK8
My wife’s one of those immigrants he mentioned. She emigrated with only a bag of clothes and a few hundred pounds, and made a success of her life where she arrived.
Skeptisk said:
NRG1976 said:
If you’re poor suck it up. There is a chance your life may be considerably worse than a super rich person. That’s life, it isn’t fair, it just is the way it is. Just live within your own means and stop comparing or try to rationalise away to try to make things “make sense”.
All these stories of “I knew a guy who had £10m and he died
before he was even born..or I know a bloke who had £50m and the day he retired he died” are tiresome.
Here’s the thing, if you are poor and yet are in good health / came from a family with a home, it is likely because you made piss poor life decisions or just didn’t want to accumulate wealth through making sacrifices. I can point to 1000s of immigrants who are wealthier than their white counterparts despite coming to this country with nothing, except humility and work ethic.
Is that a parody post? All these stories of “I knew a guy who had £10m and he died
before he was even born..or I know a bloke who had £50m and the day he retired he died” are tiresome.
Here’s the thing, if you are poor and yet are in good health / came from a family with a home, it is likely because you made piss poor life decisions or just didn’t want to accumulate wealth through making sacrifices. I can point to 1000s of immigrants who are wealthier than their white counterparts despite coming to this country with nothing, except humility and work ethic.
Edited by NRG1976 on Saturday 8th June 14:15
If not, how did you get so brainwashed? You really have bought into the BS of its all down to hard work. Stockholm syndrome.
Can’t help think of this.
https://youtu.be/8EI7p2p1QJI?si=faDfOOLY5wJOMXK8
Zetec-S said:
This sort of thread always reveals those PHer's who are a little detached from reality, if they think £120k isn't that much.
Average house price in the UK is about £280k, assume split between 2 people is only £140k. Not taking into account the balance on the mortgage, personal loans, car finance, credit cards, etc. Or the millions of people who rent.
To be honest I'm more surprised it is as high as it is, just goes to highlight the size of the wealth imbalance.
Not really given the demographic of the forum is over 50 there’s loads of folks who have seen their house price increase 500% in 20 years.Average house price in the UK is about £280k, assume split between 2 people is only £140k. Not taking into account the balance on the mortgage, personal loans, car finance, credit cards, etc. Or the millions of people who rent.
To be honest I'm more surprised it is as high as it is, just goes to highlight the size of the wealth imbalance.
NRG1976 said:
As a child of an immigrant I can assure you it’s not a parody post. My many, many white friends at school had better opportunities than me but decided they were too good to do what it takes. Rinse and repeat that experience across millions. Now those cocky kids are grown adults who sit their crying about life and how everyone else must have been lucky.
Good post NRG1976 said:
As a child of an immigrant I can assure you it’s not a parody post. My many, many white friends at school had better opportunities than me but decided they were too good to do what it takes. Rinse and repeat that experience across millions. Now those cocky kids are grown adults who sit their crying about life and how everyone else must have been lucky.
GT03ROB said:
Given even in the south east prices haven’t even doubled in that period I’d say thats unlikely
Indeed. I don't know how he's come to the conclusion that the demographic of the forum is 50+ as I don't think there's any official stats, I certainly didn't put my age when I signed up.And, as you say a 500% increase in your house price in the last 20 years is pub talk.
bloomen said:
The (few) folk I know of this nature have very definitely traded their every waking hour for their affluence.
Some will love what they do of course and may do the same for far less money. The tat is just a byproduct.
I don’t believe you. You are claiming they’ve not had children, never been to the pub or the cinema, have never taken a holiday?Some will love what they do of course and may do the same for far less money. The tat is just a byproduct.
No, you’ve made that up.
Those I know who’ve got rich through work do tend to do over forty hours per week, but still have time for themselves and their families.
Enut said:
I would suggest £120,000 means you are comfortable, i.e. not in immediate risk of financial difficulty.
But it doesn't necessarily mean that as it includes housing equity and pension. The housing equity can only be accessed if you sell the home, and then you will still need somewhere to live and you can only start accessing the pension at 55 (57 soon).
So you could have £120K net worth and be one missing pay cheque away from financial difficulty.
Edited by JagLover on Monday 10th June 06:09
Ken_Code said:
57 is definitely “years” after 40.
But is 17 years long enough to save for? In my circumstances I doubt it will be. I’m 36 and only really started putting a decent amount in my pension a few years ago. Big mistake but I didn’t really know about pensions when I was younger.keo said:
But is 17 years long enough to save for? In my circumstances I doubt it will be. I’m 36 and only really started putting a decent amount in my pension a few years ago. Big mistake but I didn’t really know about pensions when I was younger.
The later you leave it it's basically mostly about your savings rate.So if a "decent amount" is 5% it won't move the dial but if it's 40% it moves it a lot etc.
keo said:
But is 17 years long enough to save for? In my circumstances I doubt it will be. I’m 36 and only really started putting a decent amount in my pension a few years ago. Big mistake but I didn’t really know about pensions when I was younger.
More time would be better, but you can still save a lot in those years if you start planning now to move into a career that pays well.keo said:
Ken_Code said:
57 is definitely “years” after 40.
But is 17 years long enough to save for? In my circumstances I doubt it will be. I’m 36 and only really started putting a decent amount in my pension a few years ago. Big mistake but I didn’t really know about pensions when I was younger.Just spun up another at 60 but I’m not working in this one as too old.
You can always make money it’s just seeing opportunities
NRG1976 said:
Skeptisk said:
NRG1976 said:
If you’re poor suck it up. There is a chance your life may be considerably worse than a super rich person. That’s life, it isn’t fair, it just is the way it is. Just live within your own means and stop comparing or try to rationalise away to try to make things “make sense”.
All these stories of “I knew a guy who had £10m and he died
before he was even born..or I know a bloke who had £50m and the day he retired he died” are tiresome.
Here’s the thing, if you are poor and yet are in good health / came from a family with a home, it is likely because you made piss poor life decisions or just didn’t want to accumulate wealth through making sacrifices. I can point to 1000s of immigrants who are wealthier than their white counterparts despite coming to this country with nothing, except humility and work ethic.
Is that a parody post? All these stories of “I knew a guy who had £10m and he died
before he was even born..or I know a bloke who had £50m and the day he retired he died” are tiresome.
Here’s the thing, if you are poor and yet are in good health / came from a family with a home, it is likely because you made piss poor life decisions or just didn’t want to accumulate wealth through making sacrifices. I can point to 1000s of immigrants who are wealthier than their white counterparts despite coming to this country with nothing, except humility and work ethic.
Edited by NRG1976 on Saturday 8th June 14:15
If not, how did you get so brainwashed? You really have bought into the BS of its all down to hard work. Stockholm syndrome.
Can’t help think of this.
https://youtu.be/8EI7p2p1QJI?si=faDfOOLY5wJOMXK8
https://scholar.harvard.edu/files/akillewald/files...
People on the right love to focus on individual success stories as a way of deflecting attention from how the structural inequalities in society help the rich stay rich.
Skeptisk said:
Anecdotes are not evidence. The fact that you managed to make a success of your life despite a poor background does not prove that over the population as a whole, your family wealth, background, connections and attitudes to education and advancement don’t play a massive role.
No-one is claiming that it doesn’t.Gassing Station | The Lounge | Top of Page | What's New | My Stuff