What does "Rich" mean in 2015?

lundi 27 avril 2015

To somebody who has nothing a person with £100k might seem rich. To others it may be a Billionaire? Personally I see it as someone who can live comfortably but not extravagantly having saved hard or perhaps had the luck to invest wisely.

A 4 bed house in a nice area of London, Surrey or Kent could be £750k. Add in another £25k for a car. £10k furnishings. Having enough savings to generate £30k a year would need another £1m @ 3% interest. So perhaps a minimum of £1.785m.

To own planes, multiple homes, boats would surely need tens of millions.

Interested to what people think Rich means?


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