Farmer & Granny Crabtree: ~LGK~
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This person is not poor....if you read MY stats, you would not want to be my friend |
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Duncan w ™ ®
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In the global sense, yes very rich indeed. |
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Thornsey
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Well, he has money left after his bills are paid, so I would say he's in a pretty good situation. He really should start thinking about a pension fairley soon. On the world level he is in the top 1% of rich people in the world, on the english level he is well below the average wage of 24,000 per annum. |
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Dune
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If you are saying he has nearly 100 quid left over per week, I would like to see him put something away somewhere that is reasonably safe that gives a reasonable return. |
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Phantom66
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Tell your friend you can have richness in life without money or material objects. He should look at the people around him and then ask the question...'am I rich?' |
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♫Mr. Kite♫
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If it leaves enough for groceries then sure, he's rich. |
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I don't believe it!
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If he wants a decent pension when he retires he needs to sort it out now. He'll be paying more into his pension fund if he hasn't made any sort of payments. |
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sharpeilvr
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Unfortunately I don't understand anyones currency except ours here in the states but I know enough to say that at 38 this person needs a retirement plan unless they want to work hard for the rest of their lives and as far as paying rent...that is just money wasted, if they purchased their own home it would be an investment and an asset, I can't see being in my sixties or seventies and having to work my butt off just to have a place to live and food to eat. |
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*♥* donna *♥*
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I dont think a pension will cost over £300 a month £20 £30 at most. |
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PRyder2000
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If you pay into a pension, the government will refund all the tax you paid on that money and add it to the pension pot! Also if his employer offers a pension scheme, they quite often match his contributions up to about 3% of his salary.
He would clearly be much better off if he got a pension.
You've listed the amount he NEEDS to spend, so if he's not spending the rest, it would be a good idea to put some into a pension. It's up to him how much he puts in there. I wouldn't recommend having all your savings in a pension scheme, because you can't get it out until you become a pensioner. So he should stash some of his savings into a savings account that pays good interest.
As well as a savings account, he may also be interested in this:
http://www.zopa.com/member/The%20Hulk |
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welshbloke
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If he's happy he's rich..... if he's depressed /unhappy he's poor |
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j2frw
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they are better off than some but would not consider them rich or poor. Why do they not buy their own house then they would have something to show for it rather than dead money in renting?? |
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FM is going away.
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He looks very comfortable and Lucky, tell him never to have kids, he'll never have any money. |
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CB
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Sounds more like poor by UK standards. Ie 3rd quartile.
However, by world standards rich, probably in the top 1% of the world poulation. |
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Susan T
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No he is not poor, but he will be in later years without pension provision which costs quite a bit at his age and also taking into account the fact that without owning property he will pay rent for the rest of his life. It seems unlikely that he will be able to save, so no fund for emergencies or holidays. |
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markeverest
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Tell him to sort out the pension. At 38 he needs to start soon. |
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