What Is A Good Salary And Net Worth - UK

In this video we’re looking at income and net worth percentiles, and where you sit on the scale. Is your wage good, or not? Does your pension pot set you apart? What about your ISA?

Where do you sit on the scale from poor to rich? How does your income and net worth compare to your neighbours?

These comparisons matter, because it is not the pound or dollar value of your wealth that matters, but what that wealth can buy you relative to everyone else. You don’t need “X millions” to be rich – you just need more resources than most other people in the same economy.

So what is a good salary and a good net worth for someone in the UK? Let’s check it out!

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Links to Data:
•IFS “Where Do You Fit In?” – Household Income

•ONS Wealth Percentiles Data:

•ONS Wealth By Age Data:
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T&Cs: These videos are provided for information and entertainment purposes only. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this video may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

[harrypurewal]

I received £6500 a month & save around £3000 a month

[JassicaJimenez-wlgi]

Most times it amazes me greatly the way I moved from an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

[withwilk]

28k salary and only £100 a month saved? That's crazy!! I suppose Starbucks and financed cars are the downfall of all lol

[paulnicolas]

To whoever reading this, never stop chasing your dreams you can do it . Keep pressing and thriving you will make it ! Consistency is the key to achieve your goals

[Oggiesilverfitness]

It's interesting what you say about owning a big house. Nine years ago, we downsized from a big 3 bedroom detached to a park home. I don't care what people think when they say that we live in a "caravan" (we don't) because we cut the cost of all of our bills, paid off the mortgage and paid for our park home (modern ones are excellent) for cash. Ok, this is not accessible to the under 45s and/or with kids on a typical park but I would urge young people not to buy too big a house with more bedrooms or space that you need for a growing family.

[x.e.b.u]

My squirrel drinks Carling Black Label.

[Londonfogey]

I don't think the 'property ladder' exists anymore. That was a 1970s concept, when people could buy property at a younger age, and they had high inflation and year-on-year wage increases, so mortgage debts were inflated away and people could move to a more expensive house. Now, people can't afford to buy a house until they are much older, and wages are not increasing at anything like the same rate.

[purplerings]

My 4 month ISA account overtook my 11 year pension fund. It's ridiculous

[kraigschess]

The data seems a bit nonsensical in this video. At 11:12, there’s a chart displaying average wealth by age. Are we do believe the “average under 16 year old” is worth £80K to £200K? And there are 3x as many millionaire 16-24 year olds as 25-34 year olds?

[donnykobana]

Nonsense. I earn £31 before tax and save around £600 per month. I have a mortgage car and 1 child.

It's all about money management

[LivingSwedish]

Great video! 💥 Loving your videos lately even more ❤️

[cookingthebooks]

can you make a video what happens to your investments if you die suddenly? If hold stocks and shares etc.

[krage]

Could someone explain to me here why Brits have such terrible teeth. I lost these guys by second 15 when I saw their teeth.

[tiffanyflores]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460, 000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[bloodybest]

I earn 22 after tax, my wife about 18 . Got car and renting house, no problem to save 16k a year

[mofojohnson]

Net worth is total wealth - total debt.

[mynameisosca]

Why compare against others? As long as you’re living comfortably without worry. Nearly all wealth comes from being born into wealth. Plus, Investing is a long journey anyway.

[kaya]

Don't agree with the house as a liability

The main reason is because borrowing via a mortgage is very cheap

Renting costs about 6% a year while a mortgage is closer to 2% a year. Owning does have maintenance cost but typically at least in the SE it's below 1% so buying allows you to pocket the other 3% which over a 60 year adult life is very very significant

Another way to phrase this is would you rather rent a £200, 000 home for £12, 000 a year to buy it for £4, 000 a year in mortgage interest??

For the vast majority of people buying a home is the main way they can improve their wealth

This doesn't even consider the fact that house prices should appreciate in nominal terms to match inflation

The result means a 2% interest mortgage is in real terms 0% financing Vs 5-6% to rent the same property

Over 30 years this 5-6% adds up massively to 150-180% of a home so someone who buys will be significantly better off than someone who owns

Now if mortgage rates where closer to 6% and rents were 6% the two would be roughly similar but with low interest rates buying your own home is a very good bet in my opinion

[Stripeyperch]

Yippee thats cheered me up im saving 65% of my income, mortgage paid off, Navy pension in 14 years royal mail pension in 14 years, healthy amounts in my sipp, and stocks and share isa, and a couple of 20 year old pep funds accumulating equity the question is not if I go part time its when 👌

[stox]

Loved this video guy’s
When your long term goals seem far away, it’s great to see your on the right path and doing so much better than most !