How much money do you need

jim8flog

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I am someone who worked to live rather than lived to work and as long as I have enough for my (and previously family) needs I am happy.

Always in my life I would sooner be on a golf course than slaving away those 4-5 hours to get a bigger and better car.

I often said "there have been several times in my life I could afford to buy a Porsche (2nd hand) but I have never been rich enough to run one"
 

Canfordhacker

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There's a lot of sense in there, but it's not really a surprise because the article focusses on the outliers. i'd warrant the majority on this board fall into the category of "could do with some more, but don't necessarily struggle too much". I've always maintained if i won the lottery I wouldn't want the £150m win - it's way too much.Just a million to take the worry out of life.
 

PJ87

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There's a lot of sense in there, but it's not really a surprise because the article focusses on the outliers. i'd warrant the majority on this board fall into the category of "could do with some more, but don't necessarily struggle too much". I've always maintained if i won the lottery I wouldn't want the £150m win - it's way too much.Just a million to take the worry out of life.

I've always said Id love to win the money but would prob end up buying houses for a few friends to ease their financial situation ..

Set up the girls with houses

But sounds more a burden to be the one with the cash
 

backwoodsman

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Bizarre article. The money is not the problem - its the lifestyle/drive/ambition that generates the money that causes the problem. Each of the subjects mentioned in the article have enough money to say, "sod it, I'm going to stop, and do whatever I want instead". But they don't. Whereas some of us do do it - and with a much lower level of capital behind us.
 

Mudball

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Bizarre article. The money is not the problem - its the lifestyle/drive/ambition that generates the money that causes the problem. Each of the subjects mentioned in the article have enough money to say, "sod it, I'm going to stop, and do whatever I want instead". But they don't. Whereas some of us do do it - and with a much lower level of capital behind us.

Bezos is the opposite of Elon... Got the money, kicks back, gets a younger girl, buys a yatch and says sod it. Elon is a different animal.
 

PJ87

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I would say that you need to marry someone who had Non-Dom status and who has a share dividend income of over £10 million a year while you get the job of setting the tax rates for the country you live in.
Then you've cracked it, I reckon.

The real trick is then convince everyone else that the person who struggles to find work is the real problem and they should get less and less
 

HomerJSimpson

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I am not greedy and HID and I are "comfortable" but still have months when money is very tight and there is little if anything to save or enjoy. We'll have to work until retirement age as it stands. I wouldn't want a massive lottery win, but coming into a million, maybe two would be more than enough for us both to be comfy for the rest of our days
 

Jamesbrown

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I don’t need more money. Id like financial freedom but that’s unattainable without work and I don’t like work. A lottery win would be nice though.
I earn enough for my living, no desire to earn more as all i’d do is buy more, upgrade my house, car and overall bills. The percent of what’s left over after bills wouldn’t change with more salary because how I am with money.

I’m comfortable, and I’ll stick with that.
Go to work, do abit, come home, play golf, go on holidays. Rinse and repeat till death, lots worse off than me.
 

Mudball

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I don’t need more money. Id like financial freedom but that’s unattainable without work and I don’t like work. A lottery win would be nice though.
I earn enough for my living, no desire to earn more as all i’d do is buy more, upgrade my house, car and overall bills. The percent of what’s left over after bills wouldn’t change with more salary because how I am with money.

I’m comfortable, and I’ll stick with that.
Go to work, do abit, come home, play golf, go on holidays. Rinse and repeat till death, lots worse off than me.

(Don’t know the nature of your job and hence the post)… but will you always be able to do your job.. Jobs routinely get outsourced (cough P&O) .. but more likely some will get completely eliminated by robotics and digital. (And I am talking about skilled jobs - Doctors, lawyers etc) would you need Driving Instructors if cars are fully autonomous? Most pre-teens living in London now have no desire to learn to drive a car ..
 

Hobbit

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Retired 7 years early, taking a massive drop in income. A bottle of my fav wine over here is €4.40, expensive by Spanish standards, but it’s £8.99 in Waitrose. My annual council tax is €220.

We’ve got enough to live comfortably here but I’d still be working if we’d stayed in the U.K.
 

PJ87

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I'd say I need to work until the mortgage is paid then I'm just doing it for something to do

Altho energy prices will overtake mortgages by then!

Providing my pension stays as is I plan to clock out at 60 , pay off my mortgage slightly early and see out my days on the golf course / prob be a grandad
 

Jamesbrown

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(Don’t know the nature of your job and hence the post)… but will you always be able to do your job.. Jobs routinely get outsourced (cough P&O) .. but more likely some will get completely eliminated by robotics and digital. (And I am talking about skilled jobs - Doctors, lawyers etc) would you need Driving Instructors if cars are fully autonomous? Most pre-teens living in London now have no desire to learn to drive a car ..

Government contract and a new overseas one from a commonwealth country, 50 years of work - as I sometimes have to remind myself.
Some work can be done and is done CNC but it’s easier to do the job by hand, other parts of the job is hands on and couldn’t be done by machine.
 

rudebhoy

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I got a wake up call when 2 close friends died suddenly, both in their 50s. It made me realise you never know what’s round the corner. I decided to retire very early, a couple of weeks after my 54th birthday. Took a big hit on the pension, but knew I’d have enough to live comfortably.

7 years on, it’s the best thing I ever did. It’s not all about how much money you’ve got, you only live once, make the right choices which give you quality of life.
 

williamalex1

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I retired aged 52 with full works pension. Then I did some private electrical work for a good few years, then looked out the old bass guitar, and got the old band back together for pocket money.
The wife kept on working till she was 68 as she liked her job.
We're both now fully retired, mortgage-free, and living comfortably.
 
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