Are you rich? What makes you rich in your opinion

[Tiddingtonplace]

Its so subjective, isnt it?

It’s all relative isn’t it? I’m certainly rich compared to a great many people around the world, and very grateful for that.

But not rich enough to be able to not work or go on loads of holidays/buy loads of clothes etc.

I’ve got enough to pay my bills, put some in savings, put some in my pension pot and have a bit left over for little treats. We have a holiday abroad most years and occasionally two. I’d say that’s rich in some people’s eyes but not in others’ so 🤷🏼‍♀️

Financially, no

Otherwise, yes. House paid off. AC and families all doing well. Everyone in good health. Close family ties.

I think we are objectively rich. We own our home. We can afford to do pretty much what we want, within reason. Last year I took on 6 weeks of overtime so we could go on an extra holiday abroad, but that was just so it was an easy afford. We have food, water. Heat.

My multi millionaire bookclub friend thinks she is 'middling rich'. Yet she charters a private jet to go to their chalet over Christmas and recommends earnestly that the solution to COL issues is 'to just go mortgage-free'. She compares herself to people richer than her and feels wanting. i compare myself to people poorer than me and feel grateful.

I would describe us financially as comfortable, not rich.
Others might (do) describe us as rich but I disagree as we do have a fixed budget to live on, we would run out of money (pension / savings) if we frequently overspent it & we are not working so it is not being topped up.

ONS Wealth Calculator was interesting. Top 10% for all categories except income (pension) which was top 20% so I guess that is rich.
On a non financial level, we are pretty healthy and have family and friends and a good life so I would say rich in that sense, yes.

Yes. I own hotels in Mayfair and Park Lane and houses in the Old Kent Road and Whitechapel, plus water and electrical utilities.

What is it with this really odd perception of the North. Do you think all properties are £38k up here. A £38k place up here will be in an absolute shithole that you wouldnt have if it was given to you. There's plenty of places here where a 1 bed terrace would start at £250k too.

It's not an odd perception. That's what she bought her house for. And yes, I think a 9 bedroom manor house probably costs the same. Obvs.

It may well be in a "shithole" but where we are, static caravan/park homes are £110k, and for £38k you might get a garage.

Same here. I have been the sort of poor where the washing machine breaking down is a major disaster. I feel comfortably off now and I am not sure having lots more money would make a difference to my life, apart from on a very superficial level.

I am very comfortable.

I say this because I don't have to think about money. I panic spent £200 this morning on extra booze and Christmas snacks without worrying where it's coming from.

I wouldn't say I'm rich because to me rich is multiple foreign holidays, not having to think about the private school fees; and I'm not there yet.

What is rich then to you? Not much money but hanging on to an old ancestral name and being snooty?

In theory if you have inherited your money then you will also have been taught how to behave at posh dinner parties, meeting the king etc. But if you are new money then you are more likely not to know that kind of thing.

Not financially, not at all. We can keep a roof over our heads and we are fortunate to own our house and be able to pay the bills and buy food, but there’s not much spare.