Over 50's, how did you accumulate your wealth?

qwert_yuiop

Jackmydad wrote: »

Sounds like a good plan. Life is about living, not working for lots of consumer "stuff" that you don't really need.
I know several people who have done similar, and they all say they wish they could have done it earlier. None of them "go short" Some have children some don't.
They have all worked hard one way and another.

I met an old schoolmate the other day. Scored well at school and eventually became a psychiatrist. She's retired at 46 - which possibly suggests she hated her job?

qwert_yuiop

OldBeanz wrote: »

I don't understand the mortgage free stuff. Santander have been paying me to lend them back their money for the past 5 years.
No kids, no thanks - both our greatest musician (arguably) Elton John and sportsman (arguably) Andy Murray, have said in the last few years that it has been the greatest thing that has ever happened to them.

I saw Elton on tv recently. I don't think he's quite got rid of the baby fat yet.

ermine

qwert_yuiop wrote: »

She's retired at 46 - which possibly suggests she hated her job?

Perhaps she likes life more? There's more to life than work, y'know...

Jackmydad

ermine wrote: »

Perhaps she likes life more? There's more to life than work, y'know...

I've always said, I went to work the first day, and I thought
"This isn't too bad"
Then I realised they wanted me to do it five days a week for 47 weeks of the year, for the next 50 years. :eek:

The point being that having to be there is the biggest PIA with work.

qwert_yuiop

ermine wrote: »

Perhaps she likes life more? There's more to life than work, y'know...

I'd say life as a psychiatrist could be quite stressful. A lot of tragedy.

She must have either come into money or be very frugal. She's a long time to wait till pension age.

qwert_yuiop

adonis10 wrote: »

They're also insanely rich which makes the having kids thing a whole lot easier. Bear in mind that the lives of such celebs bear no or little resemblance to the man in the street with less than a few quid to rub together week on week.

Cause only the insanely rich can afford to have kids?

marlot

Terron wrote: »

14k salary - 40k mortgage - that was me in 1989. I paid a bigger deposit - almost 25k and lost it all when I sold for £39.5k in 92..

Our first house was also bought in 1989. £60k, on a 100% mortgage when I was earning £12k. Though I was fortunate in getting a payrise to £15k soon after.

We sold the house in 1995 for under £40k, having spent quite a bit on it.

That hurt.

Mutton_Geoff

Save for your future/retirement then spend what's left rather than spending first then saving what's left.

adonis10

qwert_yuiop wrote: »

Cause only the insanely rich can afford to have kids?

Did I say that? No, I said that it makes having kids a whole lot easier. You a journalist by any chance?

qwert_yuiop

adonis10 wrote: »

Did I say that? No, I said that it makes having kids a whole lot easier. You a journalist by any chance?

Being insanely rich makes a lot of things easier. (I'd imagine)