British Expats - How Rich Are You ?

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British Expats (https://britishexpats.com/forum/)

- The Maple Leaf (https://britishexpats.com/forum/maple-leaf-98/)

- - How Rich Are You ? (https://britishexpats.com/forum/maple-leaf-98/how-rich-you-829540/)

dbd33

Mar 24th 2014 1:54 pm

Re: How Rich Are You ?

Quote:

Originally Posted by Novocastrian (Post 11189221)

being rich is not directly (or even vaguely) connected to income.

Quite.

RICH	Mar 24th 2014 1:55 pm

Re: How Rich Are You ?

Quote:

Originally Posted by R I C H (Post 11189140)

100%

:wave:

Novocastrian

Mar 24th 2014 2:06 pm

Re: How Rich Are You ?

Quote:

Originally Posted by RICH (Post 11189230)

:wave:

Very good. What if you were called Peter Oswald Oliver Robertson?

Tirytory

Mar 24th 2014 2:12 pm

Re: How Rich Are You ?

Quote:

Originally Posted by JamesM (Post 11189225)

More money more problems.

This...according to this im very rich..however the more money i earn the skinter i become...maybe i should ask for a big pay cut then i would be minted:confused:

scrubbedexpat091

Mar 25th 2014 12:26 am

Re: How Rich Are You ?

Quote:

Originally Posted by lookingtogo (Post 11189608)

100K GBP is rich? Never thought so.

Suppose it depends on each individual, what might be rich to one, could be consider poor to another, I don't think we can really set a minimum on what is rich and what isn't.

To me someone making 100k GBP (184k CAD apparently) is rather rich in my eyes, but to someone else, it might not be.

orly	Mar 25th 2014 12:42 am

Re: How Rich Are You ?

I live in one of the nicest countries there is
I'm relatively healthy
I have a good family and job.

I'd say that's richness.

Tirytory

Mar 25th 2014 1:21 am

Re: How Rich Are You ?

Quote:

Originally Posted by orly (Post 11189850)

I live in one of the nicest countries there is
I'm relatively healthy
I have a good family and job.

I'd say that's richness.

Along Orly comes to make me feel ungrateful :) I agree by the way. My job always was a great leveller, when you diagnose cancer day in and day out, then you appreciate what you have.

Oakvillian

Mar 25th 2014 1:25 am

Re: How Rich Are You ?

Quote:

Originally Posted by Shard (Post 11189447)

Looking at the chart, the inference is that the more children one has, the richer one will be !!

Quite the opposite, I think. The more children one has, the more one needs to earn to consider oneself richer than a given percentage of one's peers. A singleton earning 40k would be in the 90th percentile of earnings; a sole-breadwinner for a couple with two children, on the same salary, would be only in about the 45th percentile of earnings for 2-child families.

JamesM

Mar 25th 2014 2:14 am

Re: How Rich Are You ?

Quote:

Originally Posted by Novocastrian (Post 11189248)

I can't think why? Probably James is thinking about football.

Football, Beer or Women. The mind rotates.

But back on thread as Oakvillian points out above dependents kill wealth.

I have an Uncle who as top surgeon should be immensely wealthy but two divorces (both stay at home wives) and three kids well and truly buggered that.

The final factor is simply man's ability to live within his means. I earn twice what I earned 6 years ago but spend twice on my rent and costs so the net gain is eradicated for my own perceived self improvement.

Assets are a measure of wealth. Income is merely a tool to get there if used correctly.

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