Are you worth a £1million?

[MoneyBags]

DH & I used to be quite good at keeping an eye on our financial affairs until the kids (8 & 5) came along. Since then, we've bumbled on through, just about remembering to stick lumps in ISAs and PEPS, paid off bits of mortgage etc, but not done any active management or review.

Anyway, a number of 'life decisions' prompted us to go to an IFA for a total review. By way of preparation we had to fill in load of summaries of investments/ house prices/ mortgage etc.

Well.... we sat down with him today and discovered that if we add up the net equity in our house (value minus mortgage) and all our savings and investments.... we are worth £1 million

I am truly gobsmacked - it has sort of crept up on us.
The bizarre thing is that we don't feel rich or anything - I use coupons and codes for shopping and regularly buy and sell on eBay. And yet I am a millionaire

No.

Would you like a new best friend....

that will make everyone feel great

I'm worth about half a crown in old money! Good luck to you though.

Well moneybags, I am pleased for you if no-one else is!
Good for you!

is moneybags only post
should have realized

ah!!

I'm worth FA.

In fact, I'm in debt.

wow ! half term boredom is really hardcore this week !

tbh most people living in London in a house in a halfway decent area are probably millionaires these days due to silly house prices

I thought it had to be liquid assets, maybe not

Doesn't sound like a troll post to me. Probably changed name because OP will probably get negative comments.

Good for you, I say.

Hana - it's not my only post actually, but I have changed my name as my SIL posts on here regularly and knows my regular name, and I'd rather keep my anonymity.

I'm not a troll either - it's a genuine post.

Not bragging either - just sharing my shock and surprise, actually.

Nadine SURELY the woman who discovered pentopeptides is a millionairess??

well I'm worth waaay more than a million.

Unfortunately the world and capitalism being what it is, I have bugger all. If I had a million I'd retire.

So pleased for you money-bags

i too thought millionaire meant having £1 million in liquid assets not counting equity

pantApeptides if you don't mind

and

I couldn't posssssssibly say ......

me too jampot!

anyhoo...apologies for being cynical...yay for you ! guess you can stop using the coupons now !

what a lovely surprise. Im happy finding a tenner in the bottom of my bag

CD - you're right, I guess, but that said, our remaining mortgage is only a tiny % of the house value, so we could move to a different area/ smaller house and it would be liquid assets then.

The weird thing is, that DH and I have always been fairly frugal, and just consistent about saving, so with time (we're in our early 40s) and compound interest it DOES mount up!

well moneybags (!)I'm glad you're not bragging, would hate to see that

but what are you expecting from posting this?
congratulations and well done to you?, that sort of thing and people up and down the country will be thinking of f*me, I've not got 2 cents to rub together. I just don't get these sorts of posts.

it's always the frugal lifestyle that saves the pennies in the end (I'm being serious here, wish we were more frugal...)