Are you a millionaire...

[GrumpyGregry]

I'd like to see the age of those graduate millionaires, I bet 75% are over 50.
I'm not a millionaire, and I dont think any of my friends are (all in their late 30's, all went to Uni). But my parents and my friend's parents (all late 60's) would be but this is purely an accident of geography because we grew up in an affluent area of Surrey, which has seen crazy house price inflation.
Most of my friends dont live in Surrey anymore, because we cant afford the house prices.

The majority of the millionaires I know are under 50. Some of 'em are even cash millionaires.

 

[GrumpyGregry]

Whatever someone actually pays you for it.

Not what any lender says.

 

[Andrew_P]

I'd like to see the age of those graduate millionaires, I bet 75% are over 50.
I'm not a millionaire, and I dont think any of my friends are (all in their late 30's, all went to Uni). But my parents and my friend's parents (all late 60's) would be but this is purely an accident of geography because we grew up in an affluent area of Surrey, which has seen crazy house price inflation.
Most of my friends dont live in Surrey anymore, because we cant afford the house prices.

I think the other criteria was married, middle aged and working for yourself plus the degree

 

[perplexed]

I once paid 275,000 for a painting once.

Turkish lira, which at the time was about £14...

 

[laurence]

dealing in probate related matters, it is quite odd how some people have thousands and thousands in shares, but no 'real' money. some have lived in horrible, run-down houses, yet have incredible assets. it's quite sad really.

 

[GrumpyGregry]

dealing in probate related matters, it is quite odd how some people have thousands and thousands in shares, but no 'real' money. some have lived in horrible, run-down houses, yet have incredible assets. it's quite sad really.

Welsh hill farmers. Asset rich, but, as cash poor, often live in relative poverty.

 

[Saluki]

I think the other criteria was married, middle aged and working for yourself plus the degree

I meet that criteria but not the money side. 4 out of 5 is not so bad though.

 

[laurence]

Welsh hill farmers. Asset rich, but, as cash poor, often live in relative poverty.

property i can understand, but when someone dies in a hovel whilst having thousands in shares (i have seen this many a time now) it is a shame. shares are only worth something if you are going to sell them, otherwise it's just a scrap of paper.

 

[Dave 123]

I have worked for 2 lots of multi millionaires, and they may or may have not been typical.....

Neither of them were happy. Paranoid, touchy, jealous, petty, power crazed and quite weak. They owned multiple properties throughout the world and plenty of nice cars, country estates etc. There was ALWAYS something going wrong. The more you have, the more chance for it to break I suppose. It made me appreciate my fairly average existance.

They both ran shoots and would invite friends. You think MAMILs with blingy bikes are tossers....?

 

[rvw]

Voted "no" - though, due to life assurance, our estate would be in that bracket if we both snuffed it.

And - for the same reasons - I'd qualify if @srw were to predecease me. But I still reckon he's worth more alive - taking other factors than money into consideration!

 

[pplpilot]

In 3 years time when my mortgages end i'll be asset rich at a tad over a million I reckon...

 

[simon the viking]

My Brother earns SERIOUS (6 x my salary) money as a corporate health and Safety lawyer .... but due to mortgage and fancy holidays he probably has as much spare cash as us (and probably more debt sitting on C.Cards) so wealth is relative to your needs.....

We are happy that should anything untoward should happen regarding jobs our savings would cover the mortgage for a few months whilst we tried to sell.....I'm pretty sure his savings wouldn't cover his for a week!

On a cycling note I've shown my Defy 2 trying to get him to buy a nice carbon fibre beast (he does run and play hockey when he gets time........) so he can get fed up with and pass it on to his younger brother....

 

[Markymark]

The majority of the millionaires I know are under 50. Some of 'em are even cash millionaires.

That's a proper millionaire. You can't really "forget the mortgage" as in the past anyone could borrow what they liked. The house asset should be market value less mortgage.

 

[GrumpyGregry]

That's a proper millionaire. You can't really "forget the mortgage" as in the past anyone could borrow what they liked. The house asset should be market value less mortgage.

My thread. My rules.

You are welcome to start your own of course.

 

[Hacienda71]

Whatever a surveyor/valuer says it is worth.

50p I am a Chartered Surveyor.