The next level - NRY
I want to get some thoughts from those who are close to rich. I'm on a good wack, roughly £250kpa and I know compared to the country I'm rich, but I've just met someone to whom I'm quite poor and I can't work out how even a normal HENRY would ever hit that level of rich.
I'm talking £8m house in the north, and by house I'm talking estate with grounds and a TV esque palace for a home. They're similar age (early 30s) but have family money.
So I guess my question is, how do we (The HENRY) ever plan to hit the actual RICH levels of rich. Even with the best investments, strategies and income I can't foresee ever hitting RICH levels without multiple generations of HENRY level family compounding wealth.