What is "Rich"

stovelid · 14-11-2009 01:02PM

gcgirl wrote: »

I personally don't know how they do it!!

I agree.

Being a figment of imagination would present certain insurmountable dilemmas vis-a-vis corporeal activities such as signing on.

14-11-2009 01:34PM

Helix wrote: »

jesus i wouldnt call that rich

high standard of living yes, but rich? no way

What would you call rich then? To me, that's rich. If you can send multiple kids to private school, go on holiday every year, have new cars, and still not worry about money, you're very wealthy in my book. My parents are considered well off (according to the student loan assessment thing in the UK) and they wouldn't be able to afford that.

Dord · 14-11-2009 01:52PM

gcgirl wrote: »

There are a lot of People out there that have the big house the 2 cars in the drive way and the couple of holidays away and then collect their dole of a Tuesday! I personally don't know how they do it!!

They fly out on the Tuesday evening and come back on the next Monday.

kowloon · 14-11-2009 02:21PM

[quote=[Deleted User];63005009]What would you call rich then? To me, that's rich. If you can send multiple kids to private school, go on holiday every year, have new cars, and still not worry about money, you're very wealthy in my book. My parents are considered well off (according to the student loan assessment thing in the UK) and they wouldn't be able to afford that.[/QUOTE]

If I remeber correctly, both parents working full time on minimum wage earn too much for grant assistance, or at least hat's what I'm told.

pierrot · 14-11-2009 02:26PM

Jumping in a taxi without considering walking home.

It wasn't me! · 14-11-2009 03:36PM

To hell with carpets in bathrooms. Underfloor heating is where it's at. Stepping out of the shower onto warm tiles. Now that is luxury. Also, rich is a meaningless word in this sense. It means different things to everyone, as illustrated above, and depends on the relevance of large finances to one's lifestyle. For instance, an army officer who does as many tours of duty as he can may be on a salary of about 45k a year (just for example), but if he's spending half the year abroad with precious few opportunities to spend money, that 45k, plus his pay for being abroad, goes a lot further when he's around, and he can live beyond his apparent means. Similarly, if someone lives a fairly frugal life, but wants a nice house and a nice car, they can do that on less money than someone who wants to do that and spend their time on foreign holidays. Similarly, someone could decide that they want to spend their money travelling or on safari abroad, or playing golf in high-profile places, but the trade-off would be that they can't afford a big house or car then. All of these would be traditional indicators of wealth, because they cost a lot of money, but if it's all the person is spending money on, then it's a pretty poor indication, as the rest of their lifestyle might not reflect the same spending.

14-11-2009 04:07PM

kowloon wrote: »

If I remeber correctly, both parents working full time on minimum wage earn too much for grant assistance, or at least hat's what I'm told.

I'm not talking about grants, I'm talking about student loans. I think if your parents make over £60-70K you only get a basic loan and they have to pay the rest.

kowloon · 14-11-2009 04:12PM

[quote=[Deleted User];63006958]I'm not talking about grants, I'm talking about student loans. I think if your parents make over £60-70K you only get a basic loan and they have to pay the rest.[/QUOTE]

My apologies.

Either way, loans and grants are a bit different. I'm not sure it's right to make assumptions about someones relationship with their parents and assume rich parents always support their kids.

Agent Smith · 14-11-2009 04:15PM

Rich is short for Richard :pac

Rich is not only having the cocaine, but having the stunningly hot woman to snort it off.

genericguy · 14-11-2009 05:24PM

Agent Smith wrote: »

Rich is short for Richard :pac

Rich is not only having the cocaine, but having the stunningly hot woman to snort it off.

nope, it's having enough money to entice mr and mrs hilton to bury their skanky daughter alive in front of you.

kpbdublin · 14-11-2009 07:37PM

If you employ a cleaner, maid, house boy, footman, butler or gopher you are rich

WeeBushy · 14-11-2009 07:59PM

kpbdublin wrote: »

If you employ a cleaner, maid, house boy, footman, butler or gopher you are rich

What if you employ all of the above?

omahaid · 14-11-2009 08:35PM

kpbdublin wrote: »

If you employ a cleaner, maid, house boy, footman, butler or gopher you are rich

I would love to hire a gopher, especially this guy http://www.wayodd.com/funny-pictures2/funny-pictures-chippy-the-attack-gopher-1hv.jpg . He's chippy the attack gopher

CathyMoran · 14-11-2009 11:02PM

I dont think that it is about money...its about having your health, family and someone to love who loves you back...

papajimsmooth · 14-11-2009 11:16PM

CathyMoran wrote: »

I dont think that it is about money...its about having your health, family and someone to love who loves you back...

Thats what the rich people want you to think.

Dark-Mavis · 14-11-2009 11:55PM

ShooterSF wrote: »

Here IS a valid question for ya.
John on 20k a year gets no child benefit because he hasn't had any sprogs yet he pays the same tax as everyone else. Mary (earning 20k a year) and Matt (earning 150k a year) married with kids for some reason get extra money a week in benefits from the state as well as tax breaks for being married, part of which John contributes too. Why should John not be pissed off?

Because John doesn't have to get up at ridiculous hours to feed said sporg or clothe one:P

Any key? · 15-11-2009 12:31AM

If your stupid enough to waste money sending your kids to private schools

If you don't need to worry about how debt Christmas will put you into

wolfpawnat · 15-11-2009 12:46AM

Having enough money to tell your tenants sure €800 a month is nothing for rent and then complain that at 66 he has to retire from his 2 jobs that combined make him €250k a year, plus his 3 different let properties in Rathmines and Kildare making approx €110,000 and his consultant psychiatrist wife has to, by herself, keep the family going! At what stage does a consultant at the county hospital with a private clinic too have to struggle to put food on the table with all but one of their children finished college, that to me is rich!

And him acting like his income is menial is even more rich!

mickdw · 15-11-2009 02:04AM

Rich I think is owning your own home mortgage free and working for yourself doing something you like doing.
100k for a family is not alot if they are now caught with a huge mortgage or maybe 2 morgages which they cannot get out of.
Sadly the majority of people regardless of what income they earn, will have commitments to eat up 100% of it. The couple earning over 150k will have the 2 houses, the range rover & the bmw, and generally are unable to live on normal amounts of cash. They shouldn't get the C/A though. They should learn how to manage money better instead

Collie D · 15-11-2009 03:15AM

People like David McWilliams and Eddy Hobbs telling us we are all ****ed and getting paid for it. Now that's f#cking rich

Esel · 15-11-2009 03:25AM

wolfpawnat wrote: »

Having enough money to tell your tenants sure €800 a month is nothing for rent and then complain that at 66 he has to retire from his 2 jobs that combined make him €250k a year, plus his 3 different let properties in Rathmines and Kildare making approx €110,000 and his consultant psychiatrist wife has to, by herself, keep the family going! At what stage does a consultant at the county hospital with a private clinic too have to struggle to put food on the table with all but one of their children finished college, that to me is rich!

You just made all that up, right? Or is it your landlord?

wolfpawnat · 15-11-2009 11:45AM

esel wrote: »

You just made all that up, right? Or is it your landlord?

Nope sadly I didn't makwe it up, he was my second last landlord, and he has mortgages on none of the properties! I demand a tax fraud investigation!

Fulton Crown · 15-11-2009 08:03PM

How is that valid?
First off means tests are based on income so if this person is making the same money but spending it on fags on booze they would be subject to the same test.

The point she was making is that parents who send their kids to a private school at the cost of say 5k are derided as stupid or rich - but the parent who spends a similiar amount on fags an booze is "normal".

A valid point I would opine.

Here IS a valid question for ya.
John on 20k a year gets no child benefit because he hasn't had any sprogs yet he pays the same tax as everyone else. Mary (earning 20k a year) and Matt (earning 150k a year) married with kids for some reason get extra money a week in benefits from the state as well as tax breaks for being married, part of which John contributes too. Why should John not be pissed off

Because the sprogs of today will pay for the pensions of tomorrow...ergo the State encourages the production of said sprogs.

AckwelFoley · 15-11-2009 08:07PM

Rich is being able to buy a breakfast roll on a Thursday morning

foxyboxer · 16-11-2009 01:49PM

Rich to me is having financial freedom.
If you're yearly expenses are for example 12,000
and you're capital of 150,000 generates a return of 8% then you are financially free. You never have to work again and can spend you're time doing what you want to do.

Any wealthy people I've met tend to be very frugal and live very modestly.
There tends to be a pop culture image of a millionaire owning a mansion, wearing armani suits and rolex watches but the reality in most cases is that wealthy people shop in Marks and Spencer and drive modest cars and live in comfortable homes.

There is a saying in Texas about people who chase material things.
BIG HAT, NO CATTLE

The idea that you're primary residence is an asset is absurd as it doesn't generate cash but needs to be maintained (mortgage, insurance, furniture etc etc)

The irish equivalent is the family with the jumbo mortgage, the leased Beemer, the exotic holidays who in reality are on the brink of bankruptcy having no working assets but lot's of liabilities.

Lux23 · 16-11-2009 03:00PM

I suppose if you can afford to save all your child benefit than you probably don't need it. Although most people probably would use this money to pay for school fees etc but I guess they have to think about sending their children to public schools or giving up some luxury items like the foreign holiday or SUV.

Then again someone with a 100k income with four children of around the same age would still find it hard to make ends meet especially if they have child care costs.

prinz · 16-11-2009 03:17PM

Fulton Crown wrote: »

The point she was making is that parents who send their kids to a private school at the cost of say 5k are derided as stupid or rich - but the parent who spends a similiar amount on fags an booze is "normal". A valid point I would opine..

Absolutely correct. She was dead right.

Fulton Crown wrote: »

Because the sprogs of today will pay for the pensions of tomorrow...ergo the State encourages the production of said sprogs.

+1 again. And let's face it, sprogs that go to school, get a good education, encouragement etc are more than likely going to be the ones to be working and contributing rather than the ones who grow up robbing cars, spending the day boozing, have 4 kids by the time they're 20 and then get paid by the state for it. Cycle goes nowhere. All or none in my book.

As for someone saying 'rich is paying for a nice meal by laser and not having to worry about what's in the bank...', sorry but I'm by no means rich, just because I can live within my means and can go for a meal safe in the knowledge that I can afford it does not make me rich.

ro09 · 16-11-2009 03:18PM

RTE Management , Directors and Senior Staff.

Fulton Crown · 17-11-2009 09:23PM

Lux23 wrote: »

Then again someone with a 100k income with four children of around the same age would still find it hard to make ends meet especially if they have child care costs.

mmm...... probably - but does this beg the question - Were they irresponsible to have four children ?

If they had only one child but bought a house that attracted a huge mortgage...is that different.?

Lots o questions there....only a short time ago the entrepeneurs were being hailed as the risk takers..remortgaged the house to get the business going...all well and good if the business is a success.

But if not should they expect sympathy...or the taxpayer to bail them out ???

chocgirl · 17-11-2009 09:26PM

I'd consider working out of choice not need rich! Well apart from happiness and health of course!:)

What is "Rich"

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