Just became a millionaire
Comments
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I remember when I realised I was a millionaire excluding property, I was quietly pleased. Then I realised that a large amount of it was due to luck, like upbringing, who you know, right place right time, and that for some people, just ensuring their family is looked after is a bigger achievement.
More importantly I realised that I was not any happier.4 -
Became a millionaire excluding property in March 2016.since then through returns on the bull run and a very good salary it’s now 2.15 million plus property in Scotland so I guess around 2.4.I count my blessings daily and still can’t believe how lucky I have been throughout my career although hard work obviously played it’s part.I think we would like 50k per year to do what we want.Problem is I love my job so resigning is a tough one however determined to do it early next year for a Summer departure.2
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Having a million in pensions gives fantastic security and choice. For me, that's by far the best thing about it. In my experience of retirement so far, the best things about it are still pretty much free or inexpensive. A walk by the coast with my DOH, a bike ride in the countryside, a coffee and scone in a cosy cafe, a pint or two with friends in the local pub. I think that most of us know that having your health and relationships in a good place is more important than money. But I am conscious that having a sound financial background gives you more space to appreciate the other things in life that you enjoy.8
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jim8888 said:Having a million in pensions gives fantastic security and choice. For me, that's by far the best thing about it. In my experience of retirement so far, the best things about it are still pretty much free or inexpensive. A walk by the coast with my DOH, a bike ride in the countryside, a coffee and scone in a cosy cafe, a pint or two with friends in the local pub. I think that most of us know that having your health and relationships in a good place is more important than money. But I am conscious that having a sound financial background gives you more space to appreciate the other things in life that you enjoy.
Probably if you were the type to splash it around , then you would not have a Million Pound pension in the first place !6 -
Albermarle said:jim8888 said:Having a million in pensions gives fantastic security and choice. For me, that's by far the best thing about it. In my experience of retirement so far, the best things about it are still pretty much free or inexpensive. A walk by the coast with my DOH, a bike ride in the countryside, a coffee and scone in a cosy cafe, a pint or two with friends in the local pub. I think that most of us know that having your health and relationships in a good place is more important than money. But I am conscious that having a sound financial background gives you more space to appreciate the other things in life that you enjoy.
Probably if you were the type to splash it around , then you would not have a Million Pound pension in the first place !
- money gives you the peace of mind that your costs / bills / unexpected problems can be covered.
- wealth is what you don't see. It's the fancy car you haven't bought, or the exotic instagrammed holiday you didn't take. That's not to say that you should deny yourself everything, but that your spending has a direct consequence on your wealth2 -
Mistermeaner said:Really enjoyed reading all the replies, thanks
Not that my specifics matter to the overall discussion but as a few people asked :
Wealth is 'ours' although we're not married - the missus doesn't work and had around 50k in her dc pension when we met plus a few 10k in savings. Bulk of it is savings in my name and my earnings (of course enabled by her looking after the kids and home)
We have no db pension. 750k in dc pensions + Lisa's + isas. House worth about 475k with 200k left on mortgage . Not debts loans or credit cards
Be interested if anyone think any of lifestyle 'advice' is incorrect or if anything is missing ?
P s i also subscribe to n+1 bikes. Gotta have some fun
The TV element, fine to sense check and make a conscious choice but the idea that any other social pursuits like reading, or drawing have any more value than spending time in front of the TV is not necessarily true. It depends on what content they choose and also the impact it has on their happiness to it.
Same with fitness - i would say most should do more and benefit from it, but if that hour exercise comes at a cost of missing family time then maybe that's not that essential even if it means we'd benefit more from it in old age.1 -
ex-pat_scot said:Albermarle said:jim8888 said:Having a million in pensions gives fantastic security and choice. For me, that's by far the best thing about it. In my experience of retirement so far, the best things about it are still pretty much free or inexpensive. A walk by the coast with my DOH, a bike ride in the countryside, a coffee and scone in a cosy cafe, a pint or two with friends in the local pub. I think that most of us know that having your health and relationships in a good place is more important than money. But I am conscious that having a sound financial background gives you more space to appreciate the other things in life that you enjoy.
Probably if you were the type to splash it around , then you would not have a Million Pound pension in the first place !
- money gives you the peace of mind that your costs / bills / unexpected problems can be covered.
- wealth is what you don't see. It's the fancy car you haven't bought, or the exotic instagrammed holiday you didn't take. That's not to say that you should deny yourself everything, but that your spending has a direct consequence on your wealthITS NOT EASY TO GET EVERYTHING WRONG ,I HAVE TO WORK HARD TO DO IT!1 -
Ganga said:ex-pat_scot said:Albermarle said:jim8888 said:Having a million in pensions gives fantastic security and choice. For me, that's by far the best thing about it. In my experience of retirement so far, the best things about it are still pretty much free or inexpensive. A walk by the coast with my DOH, a bike ride in the countryside, a coffee and scone in a cosy cafe, a pint or two with friends in the local pub. I think that most of us know that having your health and relationships in a good place is more important than money. But I am conscious that having a sound financial background gives you more space to appreciate the other things in life that you enjoy.
Probably if you were the type to splash it around , then you would not have a Million Pound pension in the first place !
- money gives you the peace of mind that your costs / bills / unexpected problems can be covered.
- wealth is what you don't see. It's the fancy car you haven't bought, or the exotic instagrammed holiday you didn't take. That's not to say that you should deny yourself everything, but that your spending has a direct consequence on your wealth“So we beat on, boats against the current, borne back ceaselessly into the past.”3 -
Ganga said:ex-pat_scot said:Albermarle said:jim8888 said:Having a million in pensions gives fantastic security and choice. For me, that's by far the best thing about it. In my experience of retirement so far, the best things about it are still pretty much free or inexpensive. A walk by the coast with my DOH, a bike ride in the countryside, a coffee and scone in a cosy cafe, a pint or two with friends in the local pub. I think that most of us know that having your health and relationships in a good place is more important than money. But I am conscious that having a sound financial background gives you more space to appreciate the other things in life that you enjoy.
Probably if you were the type to splash it around , then you would not have a Million Pound pension in the first place !
- money gives you the peace of mind that your costs / bills / unexpected problems can be covered.
- wealth is what you don't see. It's the fancy car you haven't bought, or the exotic instagrammed holiday you didn't take. That's not to say that you should deny yourself everything, but that your spending has a direct consequence on your wealth4 -
Albermarle said:
I recently retired and bought the car I wanted ( not a Ferrari but still not cheap) . The point is that I could buy it without worrying about the cost so much , as I had a saved a lot for a rainy day !0
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