Page 2 of 2 FirstFirst 12
Results 21 to 26 of 26

Thread: How much makes you rich (and how would you spend it?)

  1. #21
    Registered User
    Join Date
    Apr 2004
    Location
    Bristol
    Posts
    3,166
    Rep Power
    11

    Re: How much makes you rich (and how would you spend it?)

    Quote Originally Posted by Dreadful Scathe View Post
    no he wouldn't, he gets paid about 6 million pounds a year

    Which would be about 6 million dollars after tax

    Don’t think the tax man would accept this as a business expense

  2. #22
    Papa Smurf
    Join Date
    Jan 2002
    Location
    Planet Scathe
    Posts
    12,528
    Blog Entries
    6
    Rep Power
    18

    Re: How much makes you rich (and how would you spend it?)

    Quote Originally Posted by philsmove View Post
    Which would be about 6 million dollars after tax

    Don’t think the tax man would accept this as a business expense
    why not? he IS the host of the UKs most famous film review program after all


    also, im sure he manages to pay less tax than you suggest

  3. #23
    Registered User FirstMove's Avatar
    Join Date
    Jun 2004
    Location
    r=1-sin(wt)
    Posts
    1,301
    Rep Power
    10

    Re: How much makes you rich (and how would you spend it?)

    Quote Originally Posted by ducasi View Post
    I once worked out that about £2 million would be enough to live on comfortably without working. Keep a million in the bank, which even at only 5% interest would give you an annual salary of £50,000, and spend a million of a nice house, car, family, etc...
    You've got to pay income tax on that £50k, giving you more like £35k. Inflation is about 5% at the moment, so your capital or income will erode pretty quickly.

  4. #24
    Cheeky by nature Little Monkey's Avatar
    Join Date
    Sep 2004
    Location
    Still in Dundee....
    Posts
    4,053
    Rep Power
    12

    Re: How much makes you rich (and how would you spend it?)

    I'd feel really rich if I could afford a house and a car. But like others have said, I'm rich in other ways - friends and family, good memories etc.

    I don't really want to be filthy rich, as people would probably be after my money all the time. But enough to be able to buy a nice house (not huge! Wouldn't want to have to clean it all!) with a garden, a little car and have some money left over for helping my family, go on holidays etc, that would be fab! So if anyone's got 1-2 million to spare, just shout!

  5. #25
    Registered User FirstMove's Avatar
    Join Date
    Jun 2004
    Location
    r=1-sin(wt)
    Posts
    1,301
    Rep Power
    10

    Re: How much makes you rich (and how would you spend it?)

    If I've done my sums right and assuming interest rates/tax/inflation remain exactly as they are today, I can draw an inflation proofed net £50k/yr until my 100th birthday if I put £3.62M into the bank today.

    Clever use of a personal pension would improve matters a bit.

  6. #26
    Registered User
    Join Date
    Oct 2003
    Location
    Gold Coast, Austra
    Posts
    2,345
    Rep Power
    11

    Re: How much makes you rich (and how would you spend it?)

    To "feel" rich, 100M would do it.

    Thing is, when you have money, the temptation is not to work... If you do not work, you have a lot more time on your hands and a lot more oppertunities to spend.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •