How much do I need to live a millionaire lifestyle?
Discussion
You've only got to look at the £143m Lottery thread (or any of the similar discussions) to realise that most haven't got the faintest idea how to live with money.
It's also no great surprise that those who suddenly aquire a reasonable chunk burn through it in a relatively short period of time as they do their best to amass a collection of irrelevant trinkets.
It's also no great surprise that those who suddenly aquire a reasonable chunk burn through it in a relatively short period of time as they do their best to amass a collection of irrelevant trinkets.
Without getting into too much detail, my boss is and lives a millionaire's lifestyle.
He owns large properties on 3 continents, all with permanent staff, he and his wife only ever fly 1st class (or on his jet) to a level that he's an IO with skywards (one of approx 300 in the world, membership voted on by the board of Emirates Airlines)
His flight bill alone will be 8 figures a year never mind anything else.
We haven't even started on cars, yachts and personal items.
He owns large properties on 3 continents, all with permanent staff, he and his wife only ever fly 1st class (or on his jet) to a level that he's an IO with skywards (one of approx 300 in the world, membership voted on by the board of Emirates Airlines)
His flight bill alone will be 8 figures a year never mind anything else.
We haven't even started on cars, yachts and personal items.
jakewright said:
How much do you think it costs to charter a boat in south of France?
The boat I used to work onboard was 425,000 euro a week without fuel, food, berthing fees, agency fee's, crew tips the list goes on. This was a 62m yacht so prices go up and downEdited by jakewright on Sunday 19th October 19:09
http://www.ypigroup.com/yacht-icon-charter-3000696...
I find it hilarious that millionaires all of a sudden eat meals worth, £00s per course and pour champagne over their heads. I know quite a few through work and whilst they may have a good car collection and holiday well I would be very surprised if they did the above. Money buys freedom and choices not tat.
Anyone who pours champagne over their heads doesn't mark themselves out as a millionaire - they mark themselves out as a t
t.
Anyone who pours champagne over their heads doesn't mark themselves out as a millionaire - they mark themselves out as a t
t.SlackBladder said:
Thankyou4calling said:
What about this:
Single guy.
I've a really swanky apartment in a city centre, (not London) it's worth 400k and no mortgage. That costs £600 a month to run (council tax, gas, water, sky TV, insurance etc)
Two cars, a £30,000 DB9 and a Mercedes E250 that's leased at £350 a month. Running costs of those are going to be £500 a month.
I take 4 holidays a year at £2000 a time and spunk £2000 when I'm on each holiday.
I spend £500 a month on eating out, £300 a month on clothes ( bearing in mind I'd have plenty already)
I'll wear a £3000 watch.
I'll pay £30 a month for my I phone, have Waitrose deliver £100 of goods a week.
So, my apartment and car take £430,000 from my million.
If I have a £50,000 job that'll pay all the above ( no mortgage remember) and the £16,000 holidays would be paid from the interest at 3% on the remaining £570,000.
What am I missing?
Petrol, insurance etc on the cars, inflation going up quicker than interest rates etc, etcSingle guy.
I've a really swanky apartment in a city centre, (not London) it's worth 400k and no mortgage. That costs £600 a month to run (council tax, gas, water, sky TV, insurance etc)
Two cars, a £30,000 DB9 and a Mercedes E250 that's leased at £350 a month. Running costs of those are going to be £500 a month.
I take 4 holidays a year at £2000 a time and spunk £2000 when I'm on each holiday.
I spend £500 a month on eating out, £300 a month on clothes ( bearing in mind I'd have plenty already)
I'll wear a £3000 watch.
I'll pay £30 a month for my I phone, have Waitrose deliver £100 of goods a week.
So, my apartment and car take £430,000 from my million.
If I have a £50,000 job that'll pay all the above ( no mortgage remember) and the £16,000 holidays would be paid from the interest at 3% on the remaining £570,000.
What am I missing?
I think you need to review what you consider to be a "millionaire lifestyle"... I would call it "getting by ok"...
K50 DEL said:
Without getting into too much detail, my boss is and lives a millionaire's lifestyle.
He owns large properties on 3 continents, all with permanent staff, he and his wife only ever fly 1st class (or on his jet) to a level that he's an IO with skywards (one of approx 300 in the world, membership voted on by the board of Emirates Airlines)
His flight bill alone will be 8 figures a year never mind anything else.
We haven't even started on cars, yachts and personal items.
ditto my boss, hes normally at the end of the office but i think hes at his place in Aspen or New York this week. He owns large properties on 3 continents, all with permanent staff, he and his wife only ever fly 1st class (or on his jet) to a level that he's an IO with skywards (one of approx 300 in the world, membership voted on by the board of Emirates Airlines)
His flight bill alone will be 8 figures a year never mind anything else.
We haven't even started on cars, yachts and personal items.
I think you need c£50m plus to live a millionaire lifestyle.
OP the situation you described earlier is a young guy in london not doing too badly.
m17kyu said:
The boat I used to work onboard was 425,000 euro a week without fuel, food, berthing fees, agency fee's, crew tips the list goes on. This was a 62m yacht so prices go up and down
http://www.ypigroup.com/yacht-icon-charter-3000696...
I'm not embarrassed to admit that I can't even comprehend the mind set of a person who could spend half a million quid to spend a week on a boat that didn't go anywhere.http://www.ypigroup.com/yacht-icon-charter-3000696...
Not knocking it at all but even if I won the Euro's this week, I honestly don't think I could bring myself to spend that.
It wouldn't even make a dent in the £143m jackpot but it's half a million pounds...to stay on a boat...half-of-a-million-pounds.
I remember reading about a boat in the Planes, Trains etc. forum that had £5k per week spent on the flowers
I find it fascinating and baffling in equal measure.Edited by roboxm3 on Monday 20th October 10:00
roboxm3 said:
m17kyu said:
The boat I used to work onboard was 425,000 euro a week without fuel, food, berthing fees, agency fee's, crew tips the list goes on. This was a 62m yacht so prices go up and down
http://www.ypigroup.com/yacht-icon-charter-3000696...
I'm not embarrassed to admit that I can't even comprehend the mind set of a person who could spend half a million quid to spend a week on a boat that didn't go anywhere.http://www.ypigroup.com/yacht-icon-charter-3000696...
Not knocking it at all but even if I won the Euro's this week, I honestly don't think I could bring myself to spend that.
It wouldn't even make a dent in the £143m jackpot but it's half a million pounds...to stay on a boat...half-of-a-million-pounds.
I remember reading about a boat in the Planes, Trains etc. that had £5k per week spent on the flowers
I find it fascinating and baffling in equal measure.
That's absolute f*cking madness but there's a part of me that loves the fact that stuff like this goes on in the world.I wonder if, as the pilot, you're chuffed with your cushy little number, sitting around on a boat for months on end with a bit of work here and there or whether he's bored utterly sh*tless and wishes he was in a role where he was required to fly every day?
roboxm3 said:
That's absolute f*cking madness but there's a part of me that loves the fact that stuff like this goes on in the world.I wonder if, as the pilot, you're chuffed with your cushy little number, sitting around on a boat for months on end with a bit of work here and there or whether he's bored utterly sh*tless and wishes he was in a role where he was required to fly every day?
z4RRSchris99 said:
K50 DEL said:
Without getting into too much detail, my boss is and lives a millionaire's lifestyle.
He owns large properties on 3 continents, all with permanent staff, he and his wife only ever fly 1st class (or on his jet) to a level that he's an IO with skywards (one of approx 300 in the world, membership voted on by the board of Emirates Airlines)
His flight bill alone will be 8 figures a year never mind anything else.
We haven't even started on cars, yachts and personal items.
ditto my boss, hes normally at the end of the office but i think hes at his place in Aspen or New York this week. He owns large properties on 3 continents, all with permanent staff, he and his wife only ever fly 1st class (or on his jet) to a level that he's an IO with skywards (one of approx 300 in the world, membership voted on by the board of Emirates Airlines)
His flight bill alone will be 8 figures a year never mind anything else.
We haven't even started on cars, yachts and personal items.
I think you need c£50m plus to live a millionaire lifestyle.
OP the situation you described earlier is a young guy in london not doing too badly.
They have more money in the bank than they know what to do with. Just flew first class to Australia. No mortgage and no money worries at all. Yet he has to work, and he works hard and long hours. So doesn't get the time to enjoy a millionaire's lifestyle. But does that level of income qualify?
And regarding the original OP. That is very similar to me and my GF (late twenties). Except we spend much more than £500 on eating out, and a lot more than £300 per month on clothes. The holiday spending is about right though. The exception is that we have a mortgage (£1600 per month). By no means do we consider ourselves even well off! Just doing ok for this stage in our lives. No way is that anywhere near even a well off lifestyle IMO.
nick s said:
I guess there really is no clear definition is there? The GF's parents have a monthly net income of 17k. Plus approx. 300-400k a year in bonuses (net again).
They have more money in the bank than they know what to do with. Just flew first class to Australia. No mortgage and no money worries at all. Yet he has to work, and he works hard and long hours. So doesn't get the time to enjoy a millionaire's lifestyle. But does that level of income qualify?
And regarding the original OP. That is very similar to me and my GF (late twenties). Except we spend much more than £500 on eating out, and a lot more than £300 per month on clothes. The holiday spending is about right though. The exception is that we have a mortgage (£1600 per month). By no means do we consider ourselves even well off! Just doing ok for this stage in our lives. No way is that anywhere near even a well off lifestyle IMO.
It is all relative without a doubt. One persons expensive meal out is another's norm, one person will think buying a bottle of wine for £15 is a lot, another will spend ten times that without batting an eyelid.They have more money in the bank than they know what to do with. Just flew first class to Australia. No mortgage and no money worries at all. Yet he has to work, and he works hard and long hours. So doesn't get the time to enjoy a millionaire's lifestyle. But does that level of income qualify?
And regarding the original OP. That is very similar to me and my GF (late twenties). Except we spend much more than £500 on eating out, and a lot more than £300 per month on clothes. The holiday spending is about right though. The exception is that we have a mortgage (£1600 per month). By no means do we consider ourselves even well off! Just doing ok for this stage in our lives. No way is that anywhere near even a well off lifestyle IMO.
I'm surprised though if you consider yourselves not to be well off if you spend much more than £500 a month on eating out and £300 on clothes, remember, my figures were for an individual.
With Pistonheads being the home of the powerfully built company director the perception of posters may be different to the average person who works for a modest salary, has little savings and lives in atwo bedroom terraced whilst driving a 53 reg Focus and holidays in A Torquay bed and breakfast.
Thankyou4calling said:
What about this:
Single guy.
I've a really swanky apartment in a city centre, (not London) it's worth 400k and no mortgage. That costs £600 a month to run (council tax, gas, water, sky TV, insurance etc)
Two cars, a £30,000 DB9 and a Mercedes E250 that's leased at £350 a month. Running costs of those are going to be £500 a month.
I take 4 holidays a year at £2000 a time and spunk £2000 when I'm on each holiday.
I spend £500 a month on eating out, £300 a month on clothes ( bearing in mind I'd have plenty already)
I'll wear a £3000 watch.
I'll pay £30 a month for my I phone, have Waitrose deliver £100 of goods a week.
So, my apartment and car take £430,000 from my million.
If I have a £50,000 job that'll pay all the above ( no mortgage remember) and the £16,000 holidays would be paid from the interest at 3% on the remaining £570,000.
What am I missing?
New car, caviar, four star daydream,Single guy.
I've a really swanky apartment in a city centre, (not London) it's worth 400k and no mortgage. That costs £600 a month to run (council tax, gas, water, sky TV, insurance etc)
Two cars, a £30,000 DB9 and a Mercedes E250 that's leased at £350 a month. Running costs of those are going to be £500 a month.
I take 4 holidays a year at £2000 a time and spunk £2000 when I'm on each holiday.
I spend £500 a month on eating out, £300 a month on clothes ( bearing in mind I'd have plenty already)
I'll wear a £3000 watch.
I'll pay £30 a month for my I phone, have Waitrose deliver £100 of goods a week.
So, my apartment and car take £430,000 from my million.
If I have a £50,000 job that'll pay all the above ( no mortgage remember) and the £16,000 holidays would be paid from the interest at 3% on the remaining £570,000.
What am I missing?
Think I'll buy me a football team
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