Do you ever wonder what life would be like if you were rich?

Tom_Cruise

Sometimes i wonder what i would be doing, who i would be with and how i would spend my weekends if i was rich.

I wonder would you get tired of flying around the world in a private jet, staying in top hotels and partying in exclusive clubs every night? If that doesn't sound appealing you could just do what ever you wanted all day.

dodderangler

In this day and age I'd consider someone who makes over 35k a year as being rich

pharmaton

no but for a minute there I pondered how I would spend 10,000 euro in Harvey Norman.

Birroc

Where did it all go wrong Tom?

Love2love

Yes, firstly with my lotto win, I would bring all my family on holidays then buy myself and all of them houses. Then I'd give the rest to charity because that amount of money isn't healthy for just one person :rolleyes::rolleyes:

I just want the chance to prove that all that money wouldn't change me

anncoates

But would I be happy?



Yes I fucking would.

Mariasofia

No one wonders what it would be like if one was poor..

Khannie

Tom_Cruise wrote: »

Sometimes i wonder what i would be doing, who i would be with and how i would spend my weekends if i was rich.

I wonder would you get tired of flying around the world in a private jet, staying in top hotels and partying in exclusive clubs every night? If that doesn't sound appealing you could just do what ever you wanted all day.

Surely you're minted, Tom. After all those films and all.

anncoates

Tom_Cruise wrote: »

Sometimes i wonder what i would be doing, who i would be with and how i would spend my weekends if i was rich..

https://www.youtube.com/watch?v=kkAB-sc7rCo

Tom_Cruise

Mariasofia wrote: »

No one wonders what it would be like if one was poor..

I wonder why god hasn't blessed me with any talents and made me extremely ugly, greatly reducing my chances of getting rich.

DazMarz

If I wasn't happy, I could at least be miserable in comfort...

blindside88

dodderangler wrote: »

In this day and age I'd consider someone who makes over 35k a year as being rich

Hardly....... I wouldn't consider myself rich unless I made at least 3 times that a year

FixdePitchmark

dodderangler wrote: »

In this day and age I'd consider someone who makes over 35k a year as being rich

But that is below the average industrial wage.

It is very very far from rich - you couldn't even own a house.

Everybody should imagine they can get a job. These times won't last.

Tom_Cruise

FixdePitchmark wrote: »

But that is below the average industrial wage.

It is very very far from rich - you couldn't even own a house.

Everybody should imagine they can get a job. These times won't last.

Can i ask, when people say '35k' or '50k' a year is that after or before tax?

35k a year is 700 a week, that's a lot of money. You could live extremely comfortably on 700 a week.

Temptamperu

Scientology mop it all up Tom?

uch

I'd have more money than I do now

FixdePitchmark

Tom_Cruise wrote: »

Can i ask, when people say '35k' or '50k' a year is that after or before tax?

35k a year is 700 a week, that's a lot of money. You could live extremely comfortably on 700 a week.

Most people talk gross - before tax.

So to have 35 k a year you would need to earn 70k

You need to be earning 100k + to be comfortable in Ireland.

That is a House
2 cars
2-3 holdays
go out for a meal 1 / 2 times a weak
no limitation on clothes or pub
no limitation on sports or hobbies.
Kids in a good school - no limitation on their hobbies or college needs.

And even at that, you couldn't do all that with 70 k gross too easy. (You couldn't in fact, you would need 100 k ++)

Ush1

FixdePitchmark wrote: »

It is very very far from rich - you couldn't even own a house.

Say what?

Temptamperu

FixdePitchmark wrote: »

Most people talk gross - before tax.

So to have 35 k a year you would need to earn 70k

YOu need to be earning 100k + to be comfortable in Ireland.

That is a House
2 cars
2-3 holdays
go out for a meal 1 2 times a weak
no limitation on clothes or pub
no limitation on sports or hobbies.
Kids in a good school - no limitation on their hobbies or college needs.

And even at that, you couldn't do all that with 70 k gross too easy. (You couldn't in fact you would need 100 k ++)

Or you can take heroin. Tasty tasty heroin.

Tom_Cruise

FixdePitchmark wrote: »

Most people talk gross - before tax.

So to have 35 k a year you would need to earn 70k

YOu need to be earning 100k + to be comfortable in Ireland.

That is a House
2 cars
2-3 holdays
go out for a meal 1 2 times a weak
no limitation on clothes or pub
no limitation on sports or hobbies.
Kids in a good school - no limitation on their hobbies or college needs.

And even at that, you couldn't do all that with 70 k gross too easy. (You couldn't in fact you would need 100 k ++)

Thanks.

Im not well informed on the whole tax system, but why do people talk gross when as far as i know, you never actually get that amount - the tax is taken from you and you are left with the rest? You might earn 70k but realistically you will never see so you actually see it, is that it?

FixdePitchmark

Tom_Cruise wrote: »

Thanks.

Im not well informed on the whole tax system, but why do people talk gross when as far as i know, you never actually get that amount - the tax is taken from you and you are left with the rest? You might earn 70k but what good is it if you only see half of it?

Well there is a big scam of PAYE and Non PAYE in this country.

long story - PAYE pay every cent they earn near 50 %,

non PAYE have certain - lets just say options - the xmas party could be in Portugal for example.

Car - fuel etc etc.

complicated beast. But there is plenty of households in Ireland with 100,000 + coming in.

Ush1

FixdePitchmark wrote: »

It is very very far from rich - you couldn't even own a house.

Say what?

FixdePitchmark

Ush1 wrote: »

Say what?

"what yes"

Ush1

FixdePitchmark wrote: »

"what yes"

Are you saying you couldn't get a mortgage on 35k?

theblaqueguy

Ya I always wonder what life would be like if I was rich and I could finally get out of the ghetto they say money doesn't buy happiness but id rather cry in my Lamborghini

Sleepy

You might get a mortgage, but it wouldn't be high enough to buy a decent home in Dublin...

Ush1

Sleepy wrote: »

You might get a mortgage, but it wouldn't be high enough to buy a decent home in Dublin...

With what savings and what would you call a decent home? You could easily get a 3 bed semi.

seenitall

I don't have to wonder, I know exactly how I'd be spending and investing, due to knowing someone who is very, very rich; they don't have to work, their potential children and grandchildren would never have to work, and believe me, they are as happy and carefree as a piggy in siht. The best of everything is the order of the day.

I do daydream on occasion!

FixdePitchmark

Ush1 wrote: »

Are you saying you couldn't get a mortgage on 35k?

We are talking about rich here - 2.5 times 35 K will get you what about 90,000 euro - yes you can get a house just about in a very small area of Ireland - not in a city - you are not going to be rich. I think that is what we are talking about.

To put it another way in 2006 when people were on 35 K and they were getting up to 9 times that on a mortgage. Everybody in the county imagined they were rich - but guess what,

SO maybe you can get a house - but you are going to find it very very hard to keep it going and have any life outside of bills.

I think the majority of people aspire to more.

Ush1

FixdePitchmark wrote: »

We are talking about rich here - 2.5 times 35 K will get you what about 90,000 euro - yes you can get a house just about in a very small area of Ireland - not in a city - you are not going to be rich. I think that is what we are talking about.

To put it another way in 2006 when people were on 35 K and they were getting up to 9 times that on a mortgage. Everybody in the county imagined they were rich - but guess what,

SO maybe you cab get a house - but you are going to find it very very hard to keep it going and have any life outside of bills.

I think the majority of people aspire to more.

I know someone on that money an they got 165k loan, with 30k savings they bought a 3 bed semi in south dublin for 190k.

I assume the poster saying 35k was rich was joking though.

Mint Aero

If the rich could pay the poor to die for them, they would make a pretty good living.

April O Neill

FixdePitchmark wrote: »

You need to be earning 100k + to be comfortable in Ireland.

No you wouldn't.

Just to take one point in your example. Ireland is blessed with many, many excellent state schools.

And your calculation is off. A single person earning 70k a year would take home ~45k.

FixdePitchmark

Ush1 wrote: »

I know someone on that money an they got 165k loan, with 30k savings they bought a 3 bed semi in south dublin for 190k.

I assume the poster saying 35k was rich was joking though.

I don't think they should have got that much - you are back to the root of the problem here.

That person again is not even on the average industrial wage and they got 165 K

They should have got 90 K using the age old 2.5 times income.

Was it a couple.

Maybe it was even one of these 30 / 40 year things.

Anyway - seems like the game is back on.

Ush1

FixdePitchmark wrote: »

I don't think they should have got that much - you are back to the root of the problem here.

That person again is not even on the average industrial wage and they got 165 K

They should have got 90 K using the age old 2.5 times income.

Was it a couple.

Maybe it was even one of these 30 / 40 year things.

Anyway - seems like the game is back on.

A couple is paying bills but one person approved mortgage. No game, it's very sustainable.

FixdePitchmark

April O Neill wrote: »

No you wouldn't.

Just to take one point in your example. Ireland is blessed with many, many excellent state schools.

But 4 years by 2 kids is at least 40 K to go to Uni.

We are talking about rich here, education is a small cost when you think most houses in good areas in Dublin are over 400 K - some up to 700 K

That is a mortgage of over 1500 euro before you start. To service the house alone is 36 K before tax earnings.

Keep two cars going 10 K
Kids about 20 K a year (Creche or nanny etc)
Holidays 10 K +
All other outgoing
Eating out
Entertainment.


I wouldn't consider anybody rich if they can't do all above and go to New York or London just to shop or go to a show.

I'm just saying above is not unusual in large parts of Dublin.

anncoates

The problem is that saying you are comfortable on a specific wage threshold is ambiguous.

Does it mean that the wage is not big enough to cover mortgage, holidays, socializing, savings and so on.

Or does it means that it is sufficient to preserve a particular range of lifestyle choices that are important to you: private school, house in a narrow range of areas, a certain amount of lifestyle expenditure and so on.

Also depends on your family (if any) size too.

FixdePitchmark

Ush1 wrote: »

A couple is paying bills but one person approved mortgage. No game, it's very sustainable.

well that is one we will never forget.

So you are saying he got 5 times his gross - IMO that is wrong. It was the birth of the global problem we have.

Ush1

My definition of rich is having a comfortable life without ever having to work again. House paid, cars paid etc...

Ush1

FixdePitchmark wrote: »

well that is one we will never forget.

Tell me what's wrong with it? I don't know where you're getting 2.5 times your salary from. I bought last year and was offered a lot more than that also.

FixdePitchmark

Ush1 wrote: »

Tell me what's wrong with it? I don't know where you're getting 2.5 times your salary from. I bought last year and was offered a lot more than that also.

So he is paying about 800 euro a month and only earning just over 2500.

That means - everything else has to come from 1700 euro -I'm just saying , well done - but that will be very hard.

Ush1

FixdePitchmark wrote: »

So he is paying about 800 euro a month and only earning just over 2500.

That means - everything else has to come from 1700 euro -I'm just saying , well done - but that will be very hard.

1700 is plenty for a month!

He probably won't be having lobster every week but he certainly won't struggle in any way.

Point is 35k is plenty enough to own a house.

April O Neill

FixdePitchmark wrote: »

But 4 years by 2 kids is at least 40 K to go to Uni.

We are talking about rich here, education is a small cost when you think most houses in good areas in Dublin are over 400 K - some up to 700 K

That is a mortgage of over 1500 euro before you start. To service the house alone is 36 K before tax earnings.

Well, firstly, many students work.

Secondly, we don't all have a hard on for house ownership.

With renting, you don't have mortgage interest, maintenance etc. so even if your rent payment is the same monthly amount as your mortgage principal, you still have more money in your pocket.

FixdePitchmark

Ush1 wrote: »

1700 is plenty for a month!

He probably won't be having lobster every week but he certainly won't struggle in any way.

Point is 35k is plenty enough to own a house.

Then he is not rich if he can't have lobster.

If you think 1700 is enough to run a house, and have some sort of life a holiday whatever, it isn't.

Sure food alone will be near 200 for a family of 4.

Maybe he doesn't want a car ?

kids ?

whatever - but I think 35 K on that scale of mortgage will be hard. Haven't even paid for insurance - power - heating - tv.

God forbid a mobile phone
Internet.

Anyway , a bit of a digress - it is not rich.

FixdePitchmark

April O Neill wrote: »

Well, firstly, many students work.

Secondly, we don't all have a hard on for house ownership.

With renting, you don't have mortgage interest, maintenance etc. so even if your rent payment is the same monthly amount as your mortgage principal, you still have more money in your pocket.

Sorry - the topic is about being Rich.

I don't think anybody who is rich , does not aspire to have a house.

We are not saying people on here are rich. We are saying what rich people are or what their life is like.

They do have lobster
They do have a house
they do - do the things I said
they even buy a bloody boat. Who the hell would have a hard on for a boat - but they do. Nothing wrong with it, if they do - because they are rich.

April O Neill

FixdePitchmark wrote: »

Sorry - the topic is about being Rich.

And you said you need 100k+ to be comfortable.

I don't put 'comfortable' and 'rich' in the same category. You should have been a bit clearer on what you meant.

FixdePitchmark

donegal__road wrote: »

Irishman Mark Boyle has lived in Bristol for the last 5 years without using money in any form.

https://www.youtube.com/watch?v=OVB-5Br5pVU

Idiot:rolleyes:

Ush1

FixdePitchmark wrote: »

Then he is not rich if he can't have lobster.

If you think 1700 is enough to run a house, and have some sort of life a holiday whatever, it isn't.

Sure food alone will be near 200 for a family of 4.

Maybe he doesn't want a car ?

kids ?

whatever - but I think 35 K on that scale of mortgage will be hard. Haven't even paid for insurance - power - heating - tv.

God forbid a mobile phone
Internet.

Anyway , a bit of a digress - it is not rich.

You're shifting goalposts with family etc.. you could live just fine and own a house. I didn't say it was rich.

Femme_Fatale

FixdePitchmark wrote: »

God forbid a mobile phone

No that's pretty basic now.

FixdePitchmark

April O Neill wrote: »

And you said you need 100k+ to be comfortable.

I don't put 'comfortable' and 'rich' in the same category. You should have been a bit clearer on what you meant.

Comfortable was in the context of the thread.


Anyway - it is all subjective.

But about 15 % of households have over 100 K coming in.

I'm just saying it is not a rare breed,

They can do all the things I said. Others can't - no real debate. Whatever makes you happy and all that.

What people call comfortable is another days work. But they can shop where they like and don't be rushing around LIDL in a panic to get to the queue.

Tom_Cruise

Femme_Fatale wrote: »

No that's pretty basic now.

You are right, a decent phone can be got for under 50 euros easily these days easily.

Its a once of payment, all you need is electricity to charge it.

FixdePitchmark

Tom_Cruise wrote: »

You are right, a decent phone can be got for under 50 euros easily these days easily.

Its a once of payment, all you need is electricity to charge it.

Rich so.

Real Rich people would have an I-Phone, the new one for whatever the hell it is 500 euro or whatever,

Would even go to New York for a little riot to get one. A bit of shopping , catch a show , few designer clothes. Because they are worth it like
.