Just became a millionaire
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ex-pat_scot said:Equally, my extensive cycle fleet is worth a lot more as a collection of parts than as complete bikes.“So we beat on, boats against the current, borne back ceaselessly into the past.”2
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We have been 'paper' millionaires for over a decade. Why doesn't it feel that way?
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If you're relaxed about your financial future it already does feel that way to some degree. Still need to strive to get to total confidence? Then not there yet. Barely able to scrape together enough for food and bills with no job, both those two situations are better.
Lots of relative wealth and comfort from having plenty of assets available to draw on even if you don't actually directly draw on them.0 -
DairyQueen said:We have been 'paper' millionaires for over a decade. Why doesn't it feel that way?2
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Secret2ndAccount said:ex-pat_scot said:... my extensive cycle fleet is worth a lot more as a collection of parts than as complete bikes.
I use a small Kryptonite U-lock and even though it can be picked and defeated with an angle grinder it stops 99.9% of thieves.
https://www.kryptonitelock.com/en/products/product-information/current-key/001447.html
with this cable
https://www.kryptonitelock.com/en/products/product-information/current-key/210818.html?type=bicycle
“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
DairyQueen said:We have been 'paper' millionaires for over a decade. Why doesn't it feel that way?
But being wealthy comes with it's own set of issues...I won't call them problems. There's LTA and tax and you quickly realize that giving money away is a new goal. Estate planning becomes a big issue. Right now I'm trying to stay below some US government IHT thresholds and almost battling against stock market and home price increases.“So we beat on, boats against the current, borne back ceaselessly into the past.”2 -
7 pages ago some bloke woke up and had a happy moment when he hit £1m which he thought to share with the good people here. Since then, the conversation has debated net worth, seen some north/south ribbing and even taken a little tangent on bikes
To the OP - congrats. I also enjoyed reading your musings, most of which I agreed with apart from the TV veto … sorry, but in the same way that sometimes my stomach might crave a McDonalds, my mind sometimes craves Keeping Up With The Kardashians!0 -
Albermarle said: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.
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I suppose the only real winners are those who build up substantial property equity in London/SE and then move to a cheaper area . So they either get a much bigger house, or the same size house and a big cash bonus .1
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Thrugelmir said:DairyQueen said:We have been 'paper' millionaires for over a decade. Why doesn't it feel that way?0
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