Poll: Are you rich?
Total Members Polled: 535
Discussion
Regbuser said:
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 Even though I am a Manchester City fan, I always admired Sir Alex Ferguson's work ethic.
Even into his seventies and a multi millionaire, he was always at his desk at 7am at Old Trafford before most of the staff had turned up, never mind the players.
He said he got it from his father who had no money and worked hard in the Glasgow shipyards to feed his family..
I suppose it helped that he must have enjoyed his job.
Even into his seventies and a multi millionaire, he was always at his desk at 7am at Old Trafford before most of the staff had turned up, never mind the players.
He said he got it from his father who had no money and worked hard in the Glasgow shipyards to feed his family..
I suppose it helped that he must have enjoyed his job.
Wacky Racer said:
Even though I am a Manchester City fan, I always admired Sir Alex Ferguson's work ethic.
Even into his seventies and a multi millionaire, he was always at his desk at 7am at Old Trafford before most of the staff had turned up, never mind the players.
He said he got it from his father who had no money and worked hard in the Glasgow shipyards to feed his family..
I suppose it helped that he must have enjoyed his job.
Or more likely enjoyed knowing that he had a job he was proud of, and good at, that also paid quite well! I like to think I also got a work this instilled in me by my parents , I don’t have A levels or a degree, yet seem to have done ok in life( not a millionaire by any stretch, but doing okay).Even into his seventies and a multi millionaire, he was always at his desk at 7am at Old Trafford before most of the staff had turned up, never mind the players.
He said he got it from his father who had no money and worked hard in the Glasgow shipyards to feed his family..
I suppose it helped that he must have enjoyed his job.
37 living on the Northumberland coast.
According to those values it claims I'm rich but I don't feel it.
I drive a 17 year old car and only spend a few thousand per year on holidays.
House purchased for £172,000 in 2019, zoopla values it at 241,000 now with 133,000 remaining.
Pension valued at £137,000 and earn around £60,000. I feel far from rich now although with pension and other investments they should exceed £1,000,000 by the time I retire.
With inflation I doubt I'll feel rich then either.
According to those values it claims I'm rich but I don't feel it.
I drive a 17 year old car and only spend a few thousand per year on holidays.
House purchased for £172,000 in 2019, zoopla values it at 241,000 now with 133,000 remaining.
Pension valued at £137,000 and earn around £60,000. I feel far from rich now although with pension and other investments they should exceed £1,000,000 by the time I retire.
With inflation I doubt I'll feel rich then either.
Missy Charm said:
It's not good though, is it. All one has to do is look at the winding up and striking off section of The Gazette to see the other side: the plethora of dreams broken on the roulette wheel of commerce. I've known many, many people who didn't think they were 'too good' for anything, worked every hour God sent and still didn't, for whatever reason, make it. Celebrate success if you wish, but don't become blind to failure.
A point too many wannabe 'entrepreneurs' miss - that for every one person who started a business and has become successful and wealthy, there's probably at least 100 that have failed or are just about surviving.
beagrizzly said:
Missy Charm said:
It's not good though, is it. All one has to do is look at the winding up and striking off section of The Gazette to see the other side: the plethora of dreams broken on the roulette wheel of commerce. I've known many, many people who didn't think they were 'too good' for anything, worked every hour God sent and still didn't, for whatever reason, make it. Celebrate success if you wish, but don't become blind to failure.
A point too many wannabe 'entrepreneurs' miss - that for every one person who started a business and has become successful and wealthy, there's probably at least 100 that have failed or are just about surviving.beagrizzly said:
Missy Charm said:
It's not good though, is it. All one has to do is look at the winding up and striking off section of The Gazette to see the other side: the plethora of dreams broken on the roulette wheel of commerce. I've known many, many people who didn't think they were 'too good' for anything, worked every hour God sent and still didn't, for whatever reason, make it. Celebrate success if you wish, but don't become blind to failure.
A point too many wannabe 'entrepreneurs' miss - that for every one person who started a business and has become successful and wealthy, there's probably at least 100 that have failed or are just about surviving.Missy Charm said:
It's not good though, is it. All one has to do is look at the winding up and striking off section of The Gazette to see the other side: the plethora of dreams broken on the roulette wheel of commerce. I've known many, many people who didn't think they were 'too good' for anything, worked every hour God sent and still didn't, for whatever reason, make it. Celebrate success if you wish, but don't become blind to failure.
Having an enterprise fail is part of the process, and no reason not to start again.Even as someone working for pay rather than building my own company I tried two careers before this one which didn’t work, and which I ended up walking away from.
DaveH23 said:
and only spend a few thousand per year on holidays.
Not directed specifically at you, but it's interesting how many others have commented about not feeling particularly well off but said something similar about "only" spending a few thousand a year on something that many would feel is a luxury they can't afford.RizzoTheRat said:
Not directed specifically at you, but it's interesting how many others have commented about not feeling particularly well off but said something similar about "only" spending a few thousand a year on something that many would feel is a luxury they can't afford.
Pistonheads - Humble Brags matterIt’s hardly a humble brag. The point being made is that if you were ‘rich’ then you’d be spending a lot of money on such things.
Obviously the definition is total b
ks, which everyone knows. And is proved by 88% of people responding here are rich. I suspect more like 8% are actually what most people would think of as rich.
Obviously the definition is total b
ks, which everyone knows. And is proved by 88% of people responding here are rich. I suspect more like 8% are actually what most people would think of as rich. okgo said:
It’s hardly a humble brag. The point being made is that if you were ‘rich’ then you’d be spending a lot of money on such things.
Obviously the definition is total bks, which everyone knows. And is proved by 88% of people responding here are rich. I suspect more like 8% are actually what most people would think of as rich.
The holiday one I agree, but there are humble brags all over this thread, in fact all over this site. If people want to brag about how well they've done, go for it own it, well bloody done!! Instead we get the I've got X million but I don't feel rich BullS**t.Obviously the definition is total b
ks, which everyone knows. And is proved by 88% of people responding here are rich. I suspect more like 8% are actually what most people would think of as rich. Zolvaro said:
The holiday one I agree, but there are humble brags all over this thread, in fact all over this site. If people want to brag about how well they've done, go for it own it, well bloody done!! Instead we get the I've got X million but I don't feel rich BullS**t.
I doubt they’re lying in the main. Most of them couldn’t stop work and do nothing for ever more, which I think is a fairly simple but effective definition for most folk of what Rich is in a monetary sense. Poorer people’s ideas of what rich is probably very different to what richer people’s idea of what rich is. It’s that simple. You see it all the time on those holiday/life swap type programs.
The definition of rich and the perception of rich are completely different to most people.
Salary wise, I'm in the top 10% of UK earners. My partner earns a decent wage too. I have more than £170k in house equity and have investments, a pension pot, savings and premium bonds. My only debt is the mortgage, no loans, credit cards or car finance.
So then, I'm rich! Only the reality is, I'm not. I live in a normal 4 bed detached on a new build estate, we have 2 cars, neither of which are new nor are worth more than £25k each. We're comfortable, well off and lucky to be able to afford a holiday but rich and super rich are completely different categories in my mind.
Salary wise, I'm in the top 10% of UK earners. My partner earns a decent wage too. I have more than £170k in house equity and have investments, a pension pot, savings and premium bonds. My only debt is the mortgage, no loans, credit cards or car finance.
So then, I'm rich! Only the reality is, I'm not. I live in a normal 4 bed detached on a new build estate, we have 2 cars, neither of which are new nor are worth more than £25k each. We're comfortable, well off and lucky to be able to afford a holiday but rich and super rich are completely different categories in my mind.
okgo said:
Obviously the definition is total bks, which everyone knows. And is proved by 88% of people responding here are rich.
I wouldn't regard a survey on PH as any kind of proof of that. PH is a website for car enthusiasts, by definition people who are able to spend money frivolously on what is essentially a fun toy rather than the bare minimum to meet thier transport needs. The Median UK salary is about 35k, I bet a salary survey on PH would give a significantly higher figure.ks, which everyone knows. And is proved by 88% of people responding here are rich. And yet when you see garden and house threads most of the places are very very modest.
Suspect most people on here prioritise spending money on cars, so that skews things. Either way, it’s quite clear that by any definition, £120k assets is not it.
As someone else said, most banks won’t bother speaking to you as HNW until you’re worth a few million quid. I’d say personally if to be top 1% of wealth requires £3.6m as it apparently does here, that’s a fairly good starting point for ‘rich’.
Suspect most people on here prioritise spending money on cars, so that skews things. Either way, it’s quite clear that by any definition, £120k assets is not it.
As someone else said, most banks won’t bother speaking to you as HNW until you’re worth a few million quid. I’d say personally if to be top 1% of wealth requires £3.6m as it apparently does here, that’s a fairly good starting point for ‘rich’.
okgo said:
And yet when you see garden and house threads most of the places are very very modest.
Suspect most people on here prioritise spending money on cars, so that skews things. Either way, it’s quite clear that by any definition, £120k assets is not it.
True, but then again only about 50% of adults own thier house, so does that already put the in a richer category or just spending on more "sensible" things?Suspect most people on here prioritise spending money on cars, so that skews things. Either way, it’s quite clear that by any definition, £120k assets is not it.
okgo said:
As someone else said, most banks won’t bother speaking to you as HNW until you’re worth a few million quid. I’d say personally if to be top 1% of wealth requires £3.6m as it apparently does here, that’s a fairly good starting point for ‘rich’.
Yeah, I guess it's a question of is "Rich" a absolute or relative term? To someone on minimum wage struggling to pay the rent, someone on the median wage looks rich because they can afford to run a reliable car and go on holiday. Someone with £1m in assets doesn't feel rich because it's all tied up in thier house, and someone on 100k a year doesn't think they're rich as they can't afford a yacht, despite being in the top 2% of earners.okgo said:
And yet when you see garden and house threads most of the places are very very modest.
Suspect most people on here prioritise spending money on cars, so that skews things. Either way, it’s quite clear that by any definition, £120k assets is not it.
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To have any meaning the asset level to be "rich" needs to be adjusted for age.Suspect most people on here prioritise spending money on cars, so that skews things. Either way, it’s quite clear that by any definition, £120k assets is not it.
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I would be surprised if there are all that many (as a percentage) of those in their fifties and sixties, who have spent their adult lives in full time employment, or married to someone who has, who have assets less than the magic £120K threshold that makes you "rich".
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