AIBU to think most people have no idea how wealthy people live their lives?

[AnneValentine]

Just that really off the back of a lot of threads but most recently one where multiple people were adamant that the only way it’s possible to have no savings if you have salaries of £200k plus unless one of the couple is squirrelling savings.

Followed up with how do they pay for a broken down car with savings? Hasn’t even dawned on them that people on those salaries don’t have cars that are breaking down.

Is it so hard to believe that money literally eliminates money worries? That you can create a level of security that means savings and such aren’t needed?

OP I think you vastly underestimate how much other people know and VASTLY overestimate Hr you know

OP. I don't think many people on Morphine in hospital would think - "Oh I know, I'll go on MN and tell everyone how much money I have, under the guise of some weird semantics about what constitutes 'savings' and what does not.'

This is the internet and there will obviously be people on here from all walks of life - including those who have a lot more wealth than you. It's all a bit of a joke and a bit naff to give specifics of what you spend on this and that. Would you do this in real life?

Basically, you are talking about disposable income. Some people may think of this as their 'savings' - so what. People may have all kinds of accounts. Many on here will also have investment portfolios, property, other types of investments that pay passive incomes, shares, stocks, bank accounts overseas, City Index accounts, trust funds - you name it. All sorts. This is obvious. What does it matter to you? Nobody else is specifying because it's a bit crass and daft.

Do you ever worry about him
getting ill or dying, what would you do?

Nope.

He’s insured.

Oh well, I’m still glad to help your kid. They need it.

@indigoskies well said.

So your investments aren't immediate access enough to qualify as savings

And your current account is .. too immediately accessible to count as savings?

It's a bit Goldilocks basically

🤣 Love this

If he is a partner in a law firm/ accountancy firm etx - yeah he can’t be made redundant, but he can be kicked out.......happens. A lot. And given your monthly income is only 13 k and that counts for your salary and your investment income I can’t imagine he is actually a partner - unless it’s a piddly firm and a City NQ is on more 🤣

Now I know OP is the most naive person....don’t make people redundant.....🤣. That is so funny! of course that happens. The scoring can be skewed as well as the whole process. Believe me with good lawyers, following the legal requirements that is exactly what happens.

"The salary is the main source because why would we take an income from investments if we don’t need to? It’s much like rental from flat. We don’t touch."

So you're saving it...?

🤣🤣🤣🤣🤣🤣🤣🤣, no - the OP doesn’t save. She invests - follow the thread!

He isn’t either of those things.

And the £13k doesn’t include investment income, as I’ve said we don’t draw an income. It’s all reinvested at this stage.

Sigh, you can’t make a position redundant that is legally required. As a result you cannot make him redundant. He would have to be fired or managed out. Which is not redundant.

Now that is semantics.

again you have contradicted yourself - you have previously said that the 13k is not solely earned income....... 🤣🤣🤣

please come back next week, same day, same time - new thread for the bants.

Not far to go now

No, that is not. Redundant and fired are VERY different things.

I love the redundancy semantics too. I’ve seen plenty of people who hold an SMF (Senior Management Function) designation be managed out sometimes quite abruptly. The role remains but the occupants change.

How the other half lives…well that was vaguely entertaining.

OP still doesn’t have the response she wants. For people to tell her how supremely wealthy she is. So she’ll keep going. And going. And going. And will keep coming with more and more bs in the process.

Yip - seen it for the 20 years I have been working in the City.....

I feel I learned nothing from this thread, other than the OP's weird semantics on what she believes are savings vs what doesn't constitute savings.

Can anyone point me to somewhere that I can actually find out how wealthy people live their lives? 🙄

You’ve seen regulatory roles that are legally required in banks cease to exist? How do the banks explain that to the FSA? The FED?

Interesting that we're going for opposite ends of the spectrum. I was going with career criminal. They don't get made redundant but can be bumped off or sent down.