How much do you need to earn to be rich?
This is Money Podcast
This is Money
4.4 • 732 Ratings
🗓️ 12 September 2025
⏱️ 52 minutes
🧾️ Download transcript
Summary
If you're a higher rate tax payer on more than £50,000 then you are up in the top chunk of the country's earners, but chances are that unless you are well into six figures you don't feel particularly wealthy.
And even many of those on £100,000-plus complain that they aren't comfortably living the lifestyles they expected when they dreamed of that kind of money.
So, what's going on, what income does it take to make someone rich, does wealth matter more, or is it all to do with how much you have going out?
As This is Money launches a new calculator that tells you how you compare, Georgie Frost, Lee Boyce and Simon Lambert discuss the state of the nation's incomes on this podcast.
Plus, where are the best places to retire to and how does Britain score, how hard is it to take your mortgage with you when you move and are EPCs a swizz.
Plus, listen to Lee speak to Ross Kemp for a special Me & My Money interview.
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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
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Transcript
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| 0:00.0 | Welcome to This Is Money podcast sponsored by Charles Family Direct. I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce. And coming up, do you feel rich? And what would it actually take to make you feel a bit richer? Move over Costa del Sol. It turns out Britain isn't such a bad pace to retire. Also today, can you move and take your great low-rate mortgage with you? |
| 0:24.1 | What's the point of EPCs? |
| 0:25.8 | And Lee has been chatting with actor Ross Kemp. |
| 0:29.2 | Don't forget you can stay out to date with all the latest breaking money news. |
| 0:31.9 | Just go to this ismoney.co.uk or download the app. |
| 0:35.7 | Take control of your finances with Charles Stanley Direct, invest, save, coach or plan using |
| 0:43.9 | technology where it's helpful and people where it matters. |
| 0:48.1 | Our website and app make trading cost effective and flexible, but we're more than just an |
| 0:52.9 | online investment service. We're here for you, |
| 0:55.8 | regardless of your financial needs, or if your life takes an unexpected term. Your finances, |
| 1:02.0 | your way. Take control today with Charles Stanley Direct. Sign up now. Investment involves risk. |
| 1:09.5 | But first, what makes you rich? |
| 1:13.3 | It might have less to do with the wealth you've accumulated than you think. |
| 1:17.7 | After all, it is, as Simon Lambert points out in his piece this week, |
| 1:21.8 | notoriously difficult to spend your house, |
| 1:23.8 | and you do need your pension to last through retirement. |
| 1:26.9 | A common theme that runs through behavioural finance studies is our frequently mistaken belief |
| 1:32.3 | that others get paid more than us. |
| 1:34.6 | So how does your salary really stack up compared to your neighbours? |
| 1:38.9 | Well, this is money, has a new calculator. |
| 1:42.0 | Simon, Lee, welcome. |
| 1:43.6 | Simon, why? Why have you got a new calculator? |
... |
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