If I was a rich man...
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I will consider myself to be the richest man on earth when I'll have a green field, a hangar and a Piper Cub always full of fuel.
Otherwise, I get your drift. So many people value themselves according to how much junk they accumulate, on cash or credit.
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So many people value themselves according to how much junk they accumulate, on cash or credit.
(Bumper sticker on the back of a Porsche 911.)
Featuring in the book "Cross Dressing" by Bill Fitzhugh. Great book about someone who had it all, then lost it all. I'm not going to give away the plot but there's a lot of good humour in there.
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Really it is all relative. If you are a multi millionaire you may own a private jet.Lower down the income scale you may own the Piper Cub or the microlight type aircraft but I bet you will have just ad much fun in the Piper Cub as the private jet . Just different
Pace
Pace
As Pace says, it's all relative.
I recall the wonderful Mike & Mary from Heli Air telling me they'd been down to Monaco for the weekend, staying on a yacht belonging to one of their PPL students.
They're standing on the deck of his £2m yacht when said PPL student lets out a deep sigh.
"What's up?" asks Mary.
"See that" he replies, pointing to the super-yacht moored next to his. "How the other half live..."
I recall the wonderful Mike & Mary from Heli Air telling me they'd been down to Monaco for the weekend, staying on a yacht belonging to one of their PPL students.
They're standing on the deck of his £2m yacht when said PPL student lets out a deep sigh.
"What's up?" asks Mary.
"See that" he replies, pointing to the super-yacht moored next to his. "How the other half live..."
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On a quiet afternoon in the office, we started the age-old discussion about what the first thing we would do if we won the lottery.
Rather sad, I know, but my considered response was probably to build a spreadsheet to work out how to spend it.
That evening I thought - why wait until I win, I'll build the spreadsheet now. So I can tell you specifically:
I'd need £4.5million to give up my current job, change of life and all that.
I'd need £8.5million to fulfill all the dreams I listed.
I won a tenner about 5 weeks ago and we got take-away........
Rather sad, I know, but my considered response was probably to build a spreadsheet to work out how to spend it.
That evening I thought - why wait until I win, I'll build the spreadsheet now. So I can tell you specifically:
I'd need £4.5million to give up my current job, change of life and all that.
I'd need £8.5million to fulfill all the dreams I listed.
I won a tenner about 5 weeks ago and we got take-away........
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Anyone who has been pilot in command of an aircraft is a very rich man indeed.
"He who dies with the most toys, wins."
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As far as I am concerned, London has just got out of control in terms of prices and costs. How the average family gets by is far beyond me
Working through some very high and optimistic numbers fills me with despair
I believe that in the UK only 60 basis points of people earn over £150k a yr. Does that make you rich?
Even if you take that number to say, £500k a yr, on an assumption that most people at that level only have 10yrs to maximize this, you are looking at £5m, or £2.5m after being run over by the tax in this country
Given that a modest house in a semi respectable part of London is £1.25m, an education for two kids another £500k, a pension contribution needed to try and achieve the maximum allowance at retirement of another £500k, this very well paid person would be left with 250k to spend over the 10yrs. Heaven forbid that person were to get divorced
It is utter madness. You would need to be earning in the very top few basis points of this countries pay band and you are still, as far as I can tell, not wealthy. Yes, you are cash rich, but lose your job, your wife, or anything else and you are ruined
It is a miracle anyone can get into the air as far as I can tell, especially when what little is left over is going into a £115 tank of petrol and another 50 for a mediocre pizza with your wife at strada
Where that leaves the majority of us is beyond me
Working through some very high and optimistic numbers fills me with despair
I believe that in the UK only 60 basis points of people earn over £150k a yr. Does that make you rich?
Even if you take that number to say, £500k a yr, on an assumption that most people at that level only have 10yrs to maximize this, you are looking at £5m, or £2.5m after being run over by the tax in this country
Given that a modest house in a semi respectable part of London is £1.25m, an education for two kids another £500k, a pension contribution needed to try and achieve the maximum allowance at retirement of another £500k, this very well paid person would be left with 250k to spend over the 10yrs. Heaven forbid that person were to get divorced
It is utter madness. You would need to be earning in the very top few basis points of this countries pay band and you are still, as far as I can tell, not wealthy. Yes, you are cash rich, but lose your job, your wife, or anything else and you are ruined
It is a miracle anyone can get into the air as far as I can tell, especially when what little is left over is going into a £115 tank of petrol and another 50 for a mediocre pizza with your wife at strada
Where that leaves the majority of us is beyond me
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I agree that London is not a place to live - unless you love the "London life" (which great many young exec types do) or have a really highly paid job there which you are happy to run along with for a few years.
Very few non massively rich people live in the nice parts of London long-term. Most get out into the countryside and away from the madness as soon as they have a bit of dosh behind them.
London is good for a shopping trip but just how much junk do you need to accumulate? "Stuff" is cheap these days, and most can be bought by mail order.
Very few non massively rich people live in the nice parts of London long-term. Most get out into the countryside and away from the madness as soon as they have a bit of dosh behind them.
London is good for a shopping trip but just how much junk do you need to accumulate?
"Stuff" is cheap these days, and most can be bought by mail order.
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There is one thing we have all forgotten? OK in the UK you are now classified as Rich if your worth is £8 million plus but thats in the UK.
The UK now one of the most expensive and heavely taxed countries in the world and its getting worse (never mind London) We dont even get the level of services for all that tax.
Sub £8 million say £3 to £5 million take that somewhere else and you would indeed be rich.
With all thats going on in Europe, with EASA, the big brother states maybe you should think that you will never be RICH in the UK and clear off.
Canada here I come a nice float plane to cruise the lakes and mountains.
Maybe go east and follow my second passion scuba diving. You would be mega rich in some of those places on sub £5 million.
Any ideas on good places to fly and live and be rich?
Pace
The UK now one of the most expensive and heavely taxed countries in the world and its getting worse (never mind London) We dont even get the level of services for all that tax.
Sub £8 million say £3 to £5 million take that somewhere else and you would indeed be rich.
With all thats going on in Europe, with EASA, the big brother states maybe you should think that you will never be RICH in the UK and clear off.
Canada here I come a nice float plane to cruise the lakes and mountains.
Maybe go east and follow my second passion scuba diving. You would be mega rich in some of those places on sub £5 million.
Any ideas on good places to fly and live and be rich?
Pace
