Guessing People’s Incomes in London
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- čas přidán 24. 11. 2022
- Today I went to Kensington and Chelsea one of the richest boroughs in London to guess stranger's income! Keep exploring at brilliant.org/AlexLiu/. Get started for free, and hurry-the first 200 people get 20% off an annual premium subscription!
This video was sponsored by Brilliant.
Inspired by @ShanRizwan
S O C I A L
instagram: / alexxliu1
email: alexliubusiness0002@gmail.com
F A Q
name: Alex Liu
ethnicity: Chinese
camera: Sony a7c
editing: Premier Pro
M U S I C
Basement - Eric Reprid
Lukewarm - Eric Reprid
It would be great to see the same version of video, but in an average London’s borough
Or Birmingham 😂😂
Or somewhere up north.
The last dude from Spain was really cool, had a great chilled presence about him. Enjoyed that, all nice people.
At least 90% of the people you questioned most likely live in shared living spaces, that’s how insane London’s housing market is.
The other thing is, as shown here, people on like £60 - £80k or even more are then coupling up with others on £60-80k and doubling their purchasing power for a home. If you are a normal londoner on like £30k or smt how the fuck can you compete even in the rental market against people who have such vastly higher incomes! and thats not even counting all the trust fund babies and overseas investors!
@@bengoacher4455 I earn 380K ( base salary) and I wonder the same about other people living in London
@@bolt6572 🙄
@@davidmcnulty8181 I think its an expensive market. So I often wonder how people who earn way less than me survive.
@Bolt last year I had to leave London because my £22k salary wasn't enough to afford to rent a basic room in a shared flat. At least not in a location that made it worthwhile. Like i could've gone to zone 5 in South London and I would have the same length commute and same cost overall as my commute from my parents house in the home counties. So i went back to my parents, which as a young professional who wants to socialise, date, work out, do things becomes emotionally and mentally challenging. Fortunately I'm paid £25k now and I'm working on a way to get back into London. But I'm not going to share it until I secure it because it can get me a whole flat for less than a room
Great video dude. Just looked at your last few videos following this video which has blown up. You should defo consider flipping your content style to be more like this if it fits your objectives, you could super grow your channel alot faster but means you would be less likely to get traction on the current content. Hello from a fellow x developer in UK 😎
If you asked me those questions you’d probably think I was unemployed. Lol.
or homeless
Finally found something relatable
Thanks for going out of your comfortzone!! Was nice video
I really enjoyed ur interview… ur were delicate with questions
Good job with these interviews!
Fundamentally Money does bring happiness as it covers all basics necessities for survival. Food, water, shelter etc.. This means you can thrive instead of survive
Thank god found someone who is natural and organic. Well done you earned yourself a sub
Love the content, keep it up mate
Very interesting video topic! You did the interviews very well 🙌😎
I liked the couple that you interviewed, they seem to have a good thing going on.
I enjoyed it very much. You did a smashing job for someone who is uncomfortable doing this. I appreciate it and would love to see more type of these videos. You are a natural.
Really enjoyed watching. Please film more
This is awesome! So many american vids so seeing a british version is great
The 110K guy is a fellow FIU graduate. Happy to see him thriving!
I am a software dev. I can’t say it’s a super high salary but better than average and a nice living. My side hustle is playing as a musician and the hourly rate is in fact better, just not regular work.
A software developer is a super high salary in the UK. Much better than average.
Working 60 hours and only making 80k. What?
Out of interest, what is an hourly rate as a musician? thank you :)
I enjoy this type of interview videos!
1 GCSE from school , now I earn 140k a year working in the film industry because my childhood friends family work there … sometimes it’s who you know not what.
What do you do?
Good video… I’d be interested to see a comparison in various parts of London, maybe shoredditch, Croydon or Tottenham.
Then in different parts of the UK
when people are talking about the number, in the video and in the comment section, they're referring to gross or net number? That's a huge difference after all kinds of deduction in your payment slip. For example in France to take home net ~42K one need to make ~56-57K gross. (then you'll have to pay income tax on that 42K as well, depends on your situation)
Gross mate. That's how Europeans feel better, because net figures will be incomparable to American incomes. Facts.
The average salary in the town where I live in England is £24k 🤣
All these people would be considered rich up here in the north but to be fair their expenses will be mental living in a nice area of London.
im in london and thats same for my mom these ppl got good money xD
To give me a sense as someone from outside the UK, what would a months rent for a 2 bedroom apartment cost?
1. In London
2. Your location "up north" (where exactly)?
Where I live in zone 6 (edge of London) a 2 bed apartment is typically about £1500-2000 a month. It would be much more closer to central London.
@@ArmageddonIsHere Cheapest would be £1600, closer to central £2000+
2. I live in the midlands (3 hours north of London). My rent is £650 for 2 bed +living room.
@@davidr137 Yeah my rent in zone 2 is 2k for a one bed. It was previously £1600 for a 1 bed but it's skyrocketed because fuck landlords and estate agents.
I’d like to see the same strategy used in somewhere like Tottenham and look at the vast difference
Love the young people's idea about money. Very mature response and so right.
Highest education is A-levels but he’s a software developer. That just shows how cool software development can be if you have the skills and experience
@kenl659
While unlikely it's definitely not impossible. The only thing that was questionable was the amount of hours worked, which sounded low for a developer on that sort of money. This is nowhere near common but I know people whose bonuses are more than my salary for example.
Also not everyone is PAYE. If you are senior and specialised, working as a contractor/consultant in the right industry you can make crazy money.
The public sector is different yes and developers won't really see those type of rates unless they are mates with someone in government and can benefit from some nepotism/corruption to secure a lucrative contract.
@@kenl659 thank you speaking the reality. I’m as well an finance grad and even though I studied for so many years, I feel that it won’t pay well. And seeing these people working in tech that talk about big numbers I feel to leave my accounting exams and just do a tech Bootcamp or maybe another degree…I Dont know if I be better off in finance?! Thanks
That dude was defo lying
No degree. 6 figures after 4 years in SWE. It can be done
My cousin said he can be earning 70k at IBM at 20ish is that true?
Property prices and rents are absolutely insane in London though
even dodgy areas are crazy expensive.
Anyone earning over 50000 is paying 40% income tax. After paying at least 1000 a month for rent I estimate that someone on 100 000 Gross pockets about 45000 after all deductions including rent at 1000. That works out at about 3750 per month left for food and other costs such as social, travel, Internet, mobile phone.
In other words they are still left with a lot of disposable income. If you can't live on that much money, then you don't know how to handle money.
3750 after rent is paid -- so another 750 for bills and food, and you've got 3k spare every month.. that's 180k in the bank after 5 years.. that's pretty decent
@@maythesciencebewithyouIt's a lot if you already own your house. If you're renting and/or planning to save for a deposit, it becomes a drop in the ocean.
it is not all about how much they earn, but the interesting fact to know their profession.
Very interesting ! Thank you !:)
I know how hard it may prove to land a job in London . I’ve got 13 + years experience in finance working in Europe (incl. almost 4 years in London ) and I’m struggling to find a job for £55-60k given all the experience . In EU where I moved from to here , I was chased by headhunters and offered that much easily .. So really surprised how ppl get £80-110k paying jobs ..
The food and beverage manager at hotel doesn't make 110k c'mon 🤣
It might be true, a big 5 star hotel can pay that much@@ScentualP
@@ScentualP *director. he just might make that, never know 😂
A lot of BS/lying in these vids. There's just way all these random kids 24-32YO make 80-110k a year. Sorry, that just isn't reality in the UK today, not even in London. It still requires a lot of seniority and experience to get to six figures.
Tell me about it. I can’t even get interviews for jobs that pay the same or less than my current role, with equal or lower responsibility.
Job market is weak at the moment, despite what media says.
Love the London angle on this, keep it up!
great content 👍🏻👍🏻
Alex, I really liked the questions you asked. And your tone and manner was very relaxed considering it was a difficult topic to question people on. Subscribed. Have a great day.😊
This used to be the most un-English question you could ask. Times have changed.
Internet
@@donotreplydumbpeople3866The crass americanisation of society i guess. Plus immigration.
Most un-English time ever
The only English people in the video were the 2 near the end.
@@summerrr1 I would agree. And they were the most weirded out by the question
Great Video Alex
great segue into the brilliant plug
Meanwhile I bought 7 bedroom house in green area, an hour away from Snowdonia for £200k.,.. zero crime and zero unemployment
Sheep don't need jobs and haven't gotten a taste for crime yet.
Bear in mind that employment income is heavily taxed and then you have to pay rent and expenses using that, plus more taxes like VAT. The true measure of wealth is what you inherit from your parents, and for most people it's not much at all.
Don’t forget there is a 40 percent inheritance tax in the uk, one of the highest in the world.
@@vonder7 VERY few people in the UK will pay any inheritance tax at all. Your home and assets need to be within the top 1% of the country to qualify for inheritance tax in the event of your death, and the very very richest in the country are "creative" with their use of Trust funds and family companies owning most of their assets meaning they don't pay any at all. It's a net for the very few.
@@impamiizgraa I wouldn’t say so, the tax kicks in at 325k, if you have a small flat in London it’s already worth more and your kids cannot even inherit that without paying 40 percent. In the USA the threshold is 13 million!
@@vonder7 with the 40% being on the amount above that threshold, not the total amount. So you still inherit £325k tax-free, which again, the very huge majority of people in the UK (London is not the UK) won't.
@@impamiizgraa not true, the average home in the uk is now over 300k or over 550 in London plus people have savings. Pretty much everyone who is not on benefits will be likely to pay that tax. It’s just not fair and the threshold is really low. There is no another country where you have to pay 40 percent on such a low threshold.
Good video mate as software dev. Not a static cam. And inspiration
I'm your new subscriber Alex. I love your content bro. That's awesome😍💯✔
the correlation between 'the expensive thing that's been purchased' and 'how much do you earn' would be very low, i guess. many million billionnaires do not buy expensive things. some of them just wear a simple t-shirt and do not even fancy expensive car
I am surprised if all of these are genuine figures, but it is London and rent etc is not cheap. I am nearly 25 and spent 3-4 years doing a maths degree which I'm not even taking advantage of at the moment and found some self employed work thankfully in 2021, but I don't make that much at all. Like under 15k a year. But I have a lot of flexibility and am not stuck to a 9-5 schedule and I actually find it difficult to naturally stick to that. Since I finished uni I've lost that consistent structure to be honest. I live at home and I'm quite fortunate to be able to live like this but it's really still quite frustrating if you compare to other people. I'm surprised you didn't know what EA stood for though haha. Going to definitely watch some of your other videos
I was a late bloomer myself. 18k was my starting salary after uni which a degree in computer networking. It does go up significantly as time goes by. Change jobs every 4/5 years to keep up with market rates.
Tbh it isn't worth taking STEM subjects unless you plan on moving outside the UK pay is quite low for all 3 man branches of sciences hence why alot of them go into finance of course software and the main engineering branches are exceptions
Well it's quite easy to find how much are people paid in London by looking at jobs advertised and how much they are offering.
I certainly don't believe that the guys earn that much as a front end software developer cos I've seen how fierce the competition is for tech jobs, have seen jobs in tech with an average of 50 applications for a position, and that's due to the influx of talents from across the country and from outside the country. I believe to be a bit inflated the figures in this vid.
@@playthegame7445it’s even more then 50 applicants ,it is honestly insane how competitive it is actually,but also it is possible for software engineer to make this much but most of the positions advertised will not be over six figures .
if you work 38 hours a week you should make 20k a year on minimum wage.. learn a skill or trade with your spare time. Learn software development, 3d modelling, train to be an electrician etc
You smashed it!!
I love this video, really interesting
Most early career researchers (age range 30-40) with a PhD earn about £34k a year working at Oxford University, and Oxford is very expensive. Should we get out of academia? 😵
Academics are massively overpaid and there are way too many of them. They don't produce anything of use either.
I recall an article a couple of years ago which revealed that Oxbridge academics are massively unpaid. Might be worth googling if it interests you!
Really, you found it scary to film this? It didn't show at all. I really liked your manner with the people. Great video :)
I love these video styles 😊
Thank you for the video, man
This was a really good video! Thanks Alex for making it
Well done!! It's good to get out of your comfort zone. Especially as a software engineer. I work with a few introverts and they struggle to elevate themselves. But after they grow and get more involved it all happens as it should for them.
Hi bro is it a fulfilling job? I want to work as one cause coding seems easy and working in google would seem fun but is the money the only good part or is it fulfilling to you and is it ai proof?
@@zacurrya9485easy in which sense? Software engineers problem solve and innovate which is not easy? Or do you mean easy in that you do it on a chair all day 😁?
@@nathanielmills4678 It's easy. Much easier than stuff I do in PhD. The hardest part is office politics.
@@Void-oh1vd Office politics doesn't mean drama. It means the stuff you do to wrestle for power, and getting your ideas to go through and decision made favouring you. It has nothing to do with being introverts. When people work together, there will be conflicts and people not cooperating. One say X the other say Y. That's when you have politics.
@@zacurrya9485 I can honestly say that AI is frustrating to use when it comes to writing complex scripts. If you're a senior or lead web developer AI becomes less useful, which is why you get paid for your skillset.
As for frontend web development, particularly with making things pixel perfect, I haven't seen any AI that can build designs (let alone responsive designs) yet which even junior developers can easily achieve.
Great video!
How do you add subtitles?
Clean video brother
You should do same videos in other uk cities
he should do this in East london lol
Middlesbrough:
struggles to find people who are working
Gets mugged
Money may not bring me happiness, but it sure as hell can pave the way and open the doors!
highest of fives✋
pave the way cause the greek guy had shares in a cement company get it?
Jamie is so matured, you profiled him at first
Yes please I really liked the interviews just like that guy in the US
Well done for pushing yourself out your comfort zone!
Last guy is the epitome of Massimo Dutti
executive personal assistant=secretary, in the 80s there was 3 jobs for women, nurse, teacher and secretary then over night they gave them flash new titles but the salaries stayed the same
PA’s can make very good money and get very good perks, it just depends on how senior the person is you are assisting, and how generous they are
@@QuotidianStupidity dress it up all you want executive personal assist is a way of getting a secretary to do more work for free. the slave plantation owners did the same thing they told the slaves they were free and then told they were all part owners in the plantation, and this rise in status withoutthe money made them work longer hours for less money. today reachers are now professors and most doctors today are receptionist/secretarys the only thing tthat changed was status. women todays caeers are teachers, secretarys and nurses or their work for free title is executive pa, doctor, professor women have not only worked for free but have also paid out in college fees for this and thats why they r saddled with debt and ride the cock carousel until a man dumb enuff turns up to pay off their debts but of course he never will turn up and then comes the wall and a life as a spinster with cats
@@Neil-pv8pw did you not read my comment, because it wasn’t difficult to understand. PA’s can earn well, it can be a challenging job not all that different to project management.
@@QuotidianStupidity shaming tactics so you grew up in a house with no father and you have been feminised, good luck in your life. no women dont earn good money unless they sacrafice having kids for life of servitude to their boss. you have to drop the passive agressive stuff or you will never be taken seriously
@@QuotidianStupidity one last thing i worked for major bank in the city of london and the average secretary there made peanuts then over in came executive pas these girls were strippers who the directors had taken a fancy to in their gentlemans clubs and they were worlds apart they were beautiful and very tall and they were effectively offce wives and the directors offices were like apartments with large kitchen soft leather sofas and large tvs. so these girls were rewarded well but not for their secretarial skills but more for the sexual services, everyone in the build knew what the game. so yes these hookers/executuve pas were paid well but did not go to college but went to breif touh typing course and were then on had to give sexual favours, so its maybe these hookers your refering to
This is really helpful
Aw u did so well wouldn't of guseeed it was ur first time!
35k in retail is solid
“50 hours” “oh that’s a lot!” 🤣🤣
This was really good buddy , try to make more vids like this ❤
Number of days of annual leave a year is a good question to ask.
Minimum is 28 which includes the 8 public holiday. However it’s very common to have around 27-30 plus 8.
@@anishmajumdar8043 for which industry? In mine, it's 21
@@Polkadot2 I work in engineering sector. But I'm pretty sure the minimum entitlement for workers is 28 days or 5.6 weeks in the UK. www.gov.uk/holiday-entitlement-rights
@@Polkadot2 my friend the legal minumum for all jobs in the uk is 28
@@crayfish6735only if you work full time.
Meanwhile, me as a senior RGN in Central London was earning £38K in a private hospital 😢 with 7 year experience in surgical nursing 😅 This made me sad
You picked the wrong career for making money, donkey. But it's ok. At least you get us to clap for you when there is a bs virus going around lmfao
I am so so sorry ;(
Mental isn't it. I help people buy shit online and I earn more than my doctor mates saving peoples lives in A&E
they are liar... dont worry..
It is sad but your job must feel so meaningful and rewarding. I left corporate meaningless high- paying job and became a teacher. Never regretted it a single day. I do need to say that I was able to save enough before I jumped ship.
Love your video 🎉🎉🎉
5:55 When I saw the guy, my first instinct was Software developer😂😂, or tech guy at least!!
the 24yo guy of course had to answer "fathers company" lmao, probably a quarter of what he earns is from daddy
Everyone has 24 hours.
I find it so surprising how much people are paid in London. I'm a software engineer with ten years of experience, in Bristol, making around 40k
You should be paid more than that with 10 years experience, you are underpaid and probably should consider asking for a large raise or moving company
You should hit £100k minimum in London or 150+ abroad with that experience brother
Oh you might want to look about for a new job then, yeah UK salaries have been a fraction of US salaries for ages but in software since the pandemic there has been a bit of a shift, even 4 years ago when I was hiring senior devs we had to pay £60 and in Bristol, Swindon that has only gone up tracking closer to London, you should be able to get £70k or £80k, I have seen plenty of junior 22 year old grads get £40k
How many times have you changed jobs in 10 years?
AYO WHAT? Ive been a software developer for one year and switching jobs for another grad job that has a salary over 45k... My current job didnt teach me anything and I essentially forgot most coding basics... you definitely need to move what are you doing???
Well done. Dope
Yes, more. Very interesting
I live in London, I drive a petrol tanker for one of the big name oil companies. I earn around £60,000 per year
I am still broke.
Reduce your spending
@Slynell1 Easier said than done
I think this would be very different up north. Anything above 18k is in my dreams (and I work part time so don’t earn that!)
Food and beverage management at the hotel can not make that ‘in most cases’.. hmm very good.
Also if someone just started bank career and earn that much, I have to assume more income is more from his dad’s company share he invested.
Great vid mate
I live in London now and you can see how insane it is. The black guy is literally killing it, that's a super high income, but I made more than him when I worked as a recruiter in LA. Now I make £40k and it's SO hard to afford life here
move to Eastern Europe
@@user-mf5ue6rc5n ok
That black guy is not from London? He maybe just visiting as he was only talking about dollars. He may have meant 110k dollars which is average in the US
@@ninjaninja9954I don't think 110k is average in the US
@@godisnotinvisible it is average or a little above average in US. Whatever you earn in US is half in UK. Equivalent UK salary is 55k. I earn 100k+ pounds in uk and that is the top 95% but in US equivalent that is about 200k USD if I want to reach that 95%. US get paid more mainly because they don't have free systems like UK ie they don't have free health care so that takes up a bulk
Salaries in the UK are certainly sub-par to the US. My job in the exact same company, in the US (NYC) would pay c. $140k USD, in London, it's £50k. I'm working on transitioning into tech for that reason.
It’ll prob be the same once you start paying for healthcare $100k to have a baby and vat at the tills for everything on top of the advertised price.
@@joey-pn3xe Would private healthcare via job cover such expenses in the US?
@@crsmth some but not all. Plus you don’t have to worry about your kids being shot at school which is a huge bonus!
NYC rent is a lot more than London
It is deceptively higher in the USA but you pay for a lot of stuff like healthcare, rent, etc. So in the end it probably ends up the same.
Nice video, my friend time well spent.
love this
All that time in Uni & getting a masters in science, just to end up in Finance 🤣
which is the highest paying industry in the uk
Make it make sense
sometimes you need a degree just to open the doors and to show that you're competent.
@@Sam-yu4ve hard to tell, maybe IT or Medicine
I did a similar thing - got a masters in chemistry, was probably one of the hardest thing I had done and I ended up choosing software development as a career
I’m on 70k, bought a house at 25(five years ago) , and I’m comfortable. Difference is, neither do I live in London. My house has now doubled in equity in such a short space of time, luckily managed to get it cheap.
Love this
Very interesting video
I would like to know what their actual take home pay is despite the 6 figure salaries mentioned in this video
Just Google salary calculator UK
Not hard to guess. Let's say that they're on 100k and they're on a plan 2 student loan and they're putting around 7.5% into their pension. They'll be on close to 60K take-home a year and about 4800 a month. That's assuming they don't have any salary sacrifice for things like share schemes, car schemes etc.
More than what most people make before taxes.
@@maythesciencebewithyounot the issue at all. The issue is that £80k disposable income is absolutely not the same as 80k on which you are paying 40% of income tax, plus VAT and national insurance. Between 50k and 80k disposable income the lifestyle is totally different.
Really interesting video, I’ve always seen these kind of videos in the US, and it’s really nice that someone imported them in the UK as well!
Just wondering where the average people gone ? Like bakers, grocery assistants , bus drivers ...making definitely less than 100K
great vid
Why not try to go near a hospital and ask the nurses and doctors how much is their income? That would be viral, most of them are not paid enough sadly
Would be interesting, the media typically inflate our incomes.
😂😂😂😂😂
Looool 😂
The accountant on £32k is set for life after those exams. Rooting for her🥰
Even after passing those exam salary won't increase
@@619ry7 it does:) mine doubled, London-based big 4
She’s not - probably qualifying at a ‘big 4’ accounting firm (assuming from her salary and years to qualify) which pay way less in the UK. Salaries usually reach 40-50,000 after the 3 years which at that point isn’t competitive (let alone for a 28/29 year old which she will be) and work hours aren’t great
@@sm-yu7dt from experience you’re right but it moves pretty quickly after that. Not as good as the likes of investment bankers but also just a little less brutal on the hours depending on your specialism
@@Music4krista1 double from 20k to 40k?
That is frightening how much money they earn.It is beyond my comperehension
Great video
UK salaries are derisory outside of law and finance. For early to mid career roles they’re basically what they were in 2008, in nominal terms. In fact, assuming that 25 year old accountant is working for the big 4, she’s making less than my cousin made when he graduated in 2008.
I am an AI scientist and earn way more than law and finance in London
@@bolt6572 bet you still don't get laid tho🥱If I were you, I'd take that 370k and go and buy a personality
@@Stinkmeaner420 Considering I am not a grown up with a cartoon profile pic like you but my real face, I am p sure I get 10x laid ( where x is your laid factor )
@@bolt6572 Generally speaking. Obviously not everyone in London is poorly paid / this doesn’t apply to every role. How much do you get in AI?
@@jwt-nu3ei Base Salary is 380ish and then there is a yearly bonus ( always ) and there is a performance based bonus + shares ( This is where I make most of my comp per year ). I work at Apple, London. I am from Himalayas ( India )
I prefer living in Himalayas with nature and beasts over London but Apple wants me to be here and promoted soon so I won't do this forever. Make bank after my promotion and retire early.
So many of the replies are bizzare, not believing certain salaries etc. The A-level guy was 33 and didn't get a degree, which means he started working early, and probably has a lot more work experience. I did the same, am younger than him, and haven't been offered a job under 80k in years. Highest I've been offered was 140k, and I'm not a SWE, just strategy and ops in tech.
There's no reason their combined income couldn't be 160k, considering they both work and then have side businesses. At one point I was getting c.60k and my side business made +100k (rev not profit, but people are giving gross not net salary so it's similar).
I wish more people would expand their horizons instead of looking for cheap dunks. If you think he's earning loads that should inspire you guys, not be a source of derision.
I'll just add for ref. the salaries in tech in the UK are absolutely lower than salaries in the US for pretty much every role, and most tech companies don't pay that well, but you're also getting equity. But if you're at a mid-senior level, there will be plenty of +80k jobs.
Btw for anyone looking to level up, I run a career course for mid-level peeps. Link in bio.
@@Delikwu Exactly, people are clueless. If you get into the right industry or apprenticeship you can make 80-100k in 10 years easily
it is really depends on the industry, I am a structural engineer, designing building and making sure they won't fall with 8 years of experience living in Yorkshire and I am on 38k, and it is pretty normal for engineers to be underpaid. to me to earn 80k, I need to be a director, maybe associate in the company.
@@tatjanav9657 Definitely agree - i think the engineering here is specifically regarding software engineering and not engineering in general, where you don't get the same crazy tech salaries, as you say.
Finance Tech and Medical is where the money's @
Great video! :)
great job, well done Alex! you show people as real people! nice relaxed approach to questions. But you should also guess their job.
Seems fun hearing about what people do :)
more of this content
Some people earn a lot of money! Makes me feel like I’m on min wage but I’m not lol I only consider myself comfortable as have zero debt.
I don’t assess someone’s wealth on how much they can spend, I assess it on how much they have saved/invested.
If you make £200k and you spend £200k a year, you don’t actually have more wealth than someone who makes £50k and saves/invests £20k a year.
Bullshit
@@bulkedmurderer haha big spender are you?
Depends what you spend the 200k on. If it’s property and shares you’ll have more than saving 20k
@@jimbobbob9063 yeah I wouldn’t consider property or shares as spendings, I’d consider them as investments
Complete agree, wealth isn’t how expensive your jacket is, it’s how much you save invested/saved. Too many confused these terms.