Just became a millionaire

Ganga

zagfles said:

Ibrahim5 said:

I have always lived in the grim north. Working hard surrounded by grime I have made it to be a millionaire. Can I have some special congratulations for doing it from the north please.

No. It's easier in the North as you don't have to waste so much money on housing

No but we spend more on heating  ,with regard to house prices i always used to wonder if people went to Sainsburys and said when they got to the check out " i have a big/expensive  house " and saved any money on their food bill 

ex-pat_scot

Secret2ndAccount said:

ex-pat_scot said:

... my extensive cycle fleet is worth a lot more as a collection of parts than as complete bikes.

Can you recommend a good lock? My bike is 20 years old, but as I came out of the supermarket yesterday someone was staring at it. "You really need to get a better lock. Your brakes are worth £100 and your crank-arms £200".

Sorry no.
My alternative tactic is:
- sacrificial bike. Whenever I need to leave a bike locked up, I have a couple of old singlespeeds that I could live with being stolen.
- Brompton. If I am able to carry it into buildings, I use my Brompton for shorter trips. 
- nice bikes only come out on proper rides, or where I know I can securely park (eg locked basement of my office / parents' garage)
- I do have a couple of locks but know that they are largely useless in the face of a determined thief

Albermarle

Ibrahim5 said:

I have always lived in the grim north. Working hard surrounded by grime I have made it to be a millionaire. Can I have some special congratulations for doing it from the north please.

At least you need less to live a Northern Millionaires lifestyle .Such as having your holidays in Whitby rather than Skegness !

Albermarle

Deleted_User said:

Don’t they have the highest density of wealthy people in places like Prestbury, Wilmslow and Knutsford? Like you can’t spit without hitting a Porsche or a multi-millionaire. 

The best description is that The South of England has pockets of deprivation surrounded by a sea of prosperity .
Whilst the North ( and most of the Midlands) has pockets of prosperity surrounded by a sea of deprivation .

zagfles

Ganga said:

zagfles said:

Ibrahim5 said:

I have always lived in the grim north. Working hard surrounded by grime I have made it to be a millionaire. Can I have some special congratulations for doing it from the north please.

No. It's easier in the North as you don't have to waste so much money on housing

No but we spend more on heating  ,with regard to house prices i always used to wonder if people went to Sainsburys and said when they got to the check out " i have a big/expensive  house " and saved any money on their food bill 

£7 a year more in Manchester compared to London! And it seems people in Bristol and Portsmouth spend more on heating than Manchester! https://www.saveonenergy.com/uk/which-uk-regions-pay-the-most-for-their-utility-bills-in-2020/

Prism

Albermarle said:

Ibrahim5 said:

I have always lived in the grim north. Working hard surrounded by grime I have made it to be a millionaire. Can I have some special congratulations for doing it from the north please.

At least you need less to live a Northern Millionaires lifestyle .Such as having your holidays in Whitby rather than Skegness !

You realise that up north we have airports with regular flights to Alicante? Us northerners  are very well travelled with the money we save on cheaper properties.

zagfles

Albermarle said:

Deleted_User said:

Don’t they have the highest density of wealthy people in places like Prestbury, Wilmslow and Knutsford? Like you can’t spit without hitting a Porsche or a multi-millionaire. 

The best description is that The South of England has pockets of deprivation surrounded by a sea of prosperity .
Whilst the North ( and most of the Midlands) has pockets of prosperity surrounded by a sea of deprivation .

I hope you're not serious! There really isn't much difference between different regions after housing costs. See this from the ONS https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/compendium/economicreview/february2020/analysingregionaleconomicandwellbeingtrends

In particular median household income after housing costs in fig 6 - London is average, SE is about 10% above average, Scotland is above average, and the poorest areas are only about 7% below average.

The life satisfaction map is also interesting, it seems Londoners are least satisfied, NI and northern Scotland are most satisfied!

Albermarle

The survey does not mention assets , where I think there would be a more obvious gap . Not just in property but also in pension wealth I would guess .
Having lived in the North , the South and the Midlands and travelled extensively in the UK for work , I can only say the visual and physical  evidence is that the South on average is  more prosperous . Although as you point out there is not so much difference in spare cash in pocket, or levels of happiness.

zagfles

Albermarle said:

The survey does not mention assets , where I think there would be a more obvious gap . Not just in property but also in pension wealth I would guess .
Having lived in the North , the South and the Midlands and travelled extensively in the UK for work , I can only say the visual and physical  evidence is that the South on average is  more prosperous . Although as you point out there is not so much difference in spare cash in pocket, or levels of happiness.

Well I was born in the SE not far from London, got a job there in the mid 80's, by late 80's on about £13k, no way could afford a property, lived with parents, got quite depressed about it. Offered a relocation to Manchester, which I knew well and had friends there, jumped at the chance, could easily afford a decent house in a good area. Same job as down south, noticed how colleagues seemed more prosperous in the north, better cars, better houses etc. 20 min drive to work, compared with 50 min in the SE, though that was nothing compared to friends in London who had a nearly 2 hour commute each way!

The difference in average income between north and south I think is mainly down to different jobs, eg you get more stockbrokers in the SE than the NW, rather than different pay for the same job. Certainly in the company I worked for, they had national pay scales with the only regional difference being a small London allowance, which in no way covered the extra cost of living there. And no extra for the SE outside London. So doing the exact same job in the NW I was much better off than in the SE.

Albermarle

I did it the other way around ( in stages ) - not deliberately , just happened to get offered a job based in a Surrey HQ,  although if anything its main activities were actually Up North  and that was that . My daughter has done the exact opposite and has gone Up North , largely for the same reasons you did.
I do not think it is just stockbrokers, but a lot of skilled , higher paid employment in financial and legal services generally is based in the SE .
This is interesting , also from the ONS.

The median total wealth by region of Great Britain in April 2016 to March 2018 is shown in Figure 11. Median total household wealth in Great Britain in April 2016 to March 2018 was £286,600.

Regions with a median total wealth higher than this are in the south and east of England. The South East had the highest median wealth in April 2016 to March 2018, at £445,900. This is followed by the South West (£372,600), London (£356,400) and the East of England (£348,800). The region with the lowest median total wealth was the North East at £172,900.

Scotland, Wales, the East and West Midlands, Yorkshire and the Humber, and the North West have similar levels of median total wealth, ranging from £212,800 in Yorkshire and the Humber, to Wales at £253,200.