Caporegime
I earn 375,000 per year....
Makes me the gucciest right?
Makes me the gucciest right?
Are you a top revenue earner?
- Thread starter Stu999
- Start date
Caporegime
I sacrifice about 15k a year because I only work 3.5 days a week but I am more than happy with it. I still work 40 odd hours a week and every other weekend but having days off during the week is great because I can take the kids to school and enjoy more activities in the weekdays where it is quieter.
It also enables me to do overtime when I want if I want a little extra now and again as it is always available.
Soldato
Me and my partner as a combined household are in the £75k to £99k range but she is on maternity and no longer getting anything so that has dropped us to the £46k to £59k range.
We have a 10 month old and a mortgage on a small 3 bed, a 2009 Honda Civic car.
On one salary, it has got to the point where finances are really stretched and I'm looking for side jobs as I can't get any overtime at primary job.
We have a 10 month old and a mortgage on a small 3 bed, a 2009 Honda Civic car.
On one salary, it has got to the point where finances are really stretched and I'm looking for side jobs as I can't get any overtime at primary job.
Is that SEK?
Soldato
Why? I'm happy with what I earn and I get plenty of time to enjoy it too. Best of both worlds. I wouldn't like to spend my life being that obsessed with earning more and more, what's the point? Always chasing a dream that you'll newver be satisfied with! No thanks
Yeah i'm the same. There's more carefulness needed day to day, but we get by and i don't really have the ambition to chase career progression. I've been fortunate to find a company that values me and has given me the opportunity to move abroad.
Always amusing with my boss when discussing personal development, and she asks whether there's things i want to explore, and i just say no i'm good where i am! I do potentially want to move into consulting which i think would give me the same work life balance at possibly a higher salary. Just not sure i want to be so focussed on time/utilisation and have to spend so many times in meetings!
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If I recall you're in a similar position to me/us apart from maternity/one income now.
I'd see it exactly the same. If we dropped to one wage (mine) we'd be living fairly basically.
Its that mortgage that causes it. Taking up half our essential spending.
I've noticed inflation now. We've had to start putting 200 a month more (1800 to 2000) into the joint account to cover things off. And that's still riding on some pre inflation deals.
1 "good" salary is becoming just enough to survive in more and more of the country's geography
Caporegime
Slightly more than minimum wageIs that SEK?
Soldato
My partner will be returning back to work for a few days a week in a few months, but even then we'll have to pay for a child minder so not sure how much will be left after that each month.
Just 10 years ago, though I was earning less I was able to support my partner as she had just finished university and we were still living comfortably renting in a small studio but food and travel costs were far less than they are now.
I feel for families and single parents, it's really tough at the moment, around our area me and my partner help out local people with supplies for their little ones as some can't afford nappies, wipes, milk, food, etc... for their little ones, it is sad and heart-breaking.
Not me, I’m poor.
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I don’t think this a modern phenomenon, it’s simply human nature.
In the early 2000s there was a fad in policy making around “happiness economics” - i.e. making policy decisions based not on how rich something would make people, but how it would affect their happiness.
The outcome? A lot of these policies were unpopular. People often make decisions based on money or status rather than happiness. We take jobs with terrible commutes or promotions where the uplift in salary doesn’t match the extra work and responsible. There must be some evolutionary advantage to it.
Looking at the figures I can’t help but think how stuffed younger generations are.
I’m lucky - I’m a homeowner, semi-detached in suburbs, and the monthly household income is ‘high’.
So we’re in one of the higher percentiles according to this: https://ifs.org.uk/tools_and_resources/where_do_you_fit_in#tool-results-section
But our mortgage is close to £2k a month, which isn’t even that bad relatively speaking. If we bought 10 years earlier, it may well be half that, if that, with the remainder then going into overpaying the mortgage.
What an enormous difference the rise in house prices has made.
I’m lucky - I’m a homeowner, semi-detached in suburbs, and the monthly household income is ‘high’.
So we’re in one of the higher percentiles according to this: https://ifs.org.uk/tools_and_resources/where_do_you_fit_in#tool-results-section
But our mortgage is close to £2k a month, which isn’t even that bad relatively speaking. If we bought 10 years earlier, it may well be half that, if that, with the remainder then going into overpaying the mortgage.
What an enormous difference the rise in house prices has made.
Soldato
Damn I envy you in your lovely offices waiting for the next delivery of paperclips.
Stuck here with my free bakery item, sigh
Stuck here with my free bakery item, sigh
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Caporegime
Looks lovely but not everyone gets joy or contentment from dossing about on the beach everyday. Nor does everyone sit around in the office awaiting deliveries, it's not 1990.
That is always the problem with these kinds of discussions, people jump to extremes like what would you think on your deathbed or I will work fewer days in a factory but drown myself in red wine every night.
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Soldato
Cheer up, at least they have abolished vat on tampons
Caporegime
I'm happy with my lot, but I think people need to consider that their own way of doing things is not feasible for everyone in today's society. How much you earn is still incredibly important when it comes to finding a partner, starting a family and coping with the ever-increasing cost of living.
If I was single and didn't like talking to people, I'd probably do something similar to you.
Soldato
Fair enough probably accurate about not talking to people, status can also be where you are at I suppose, house is mortgage free and I am on the deeds of my folks.house good savings, abysmal income.
These trips are more exercise and my mental health, love a picnic