The 5 year plan to £50k

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I can only stress that people look at getting into a large international company and moving abroad, if your circumstances allow you to do such a thing. In 10 years could could be way ahead of where you would have been if you had stayed in the UK, with a much better work life balance.

chances are that many are in circumstances that don't, so I'd say this suggestion doesn't carry much weight.

Location: Non-EU

What may have worked for you, may not work for everyone else either. Pretty biased.
 
chances are that many are in circumstances that don't, so I'd say this suggestion doesn't carry much weight.

What may have worked for you, may not work for everyone else either. Pretty biased.

He can only make suggestions based on his own life experiences and what's worked for him. In that sense, everyone is biased to their own experiences.

I think he makes a fair point and it's an avenue worth investigating if you're in that position. I know someone for example that has taken a job in Australia, through their work with the UK company here.
 
I can only stress that people look at getting into a large international company and moving abroad, if your circumstances allow you to do such a thing. In 10 years could could be way ahead of where you would have been if you had stayed in the UK, with a much better work life balance.

Agreed, this is what I am looking to do in 2 to 3 years.

chances are that many are in circumstances that don't, so I'd say this suggestion doesn't carry much weight.

Yes it does, its the people who take risks who get further in life. Same many things in life.....starting a new relationship, how do you know its going to work out until you actually start dating them. Buying a house, how do you know it wont devalue in price until you actually buy it and have it for a few years.

Its the people who don't have a backup plan, if things go wrong who end up with nothing or back to square one.
 
Richdog & malachi, it's not the only way though.

This time last year I went self employed. I'm earning more, working less, have more flexible hours, no commute and I'm ultimately much happier.

You don't have to go abroad and you don't have to work for a large multi-national to find the right balance.

I would agree with malachi though, in saying that you need to be prepared to take risks. I probably stayed in my old job for two years too long due to 'the fear' but I got over it and haven't looked back.
 
chances are that many are in circumstances that don't, so I'd say this suggestion doesn't carry much weight.

That's why I said if they do, the very part you highlighted. Funnily enough, there are many UK expats in many countries so I guess many do have 'those' circumstances. Or are you just rather illogically referring to this forum as being a unique place where no members can move abroad? :confused:

What may have worked for you, may not work for everyone else either. Pretty biased.

You think my story of going abroad and having a better life is unique? Of course it's not, it's actually quite common.

Richdog & malachi, it's not the only way though.

Yes, self-explanatory, but it can potentially give you a career and life quality boost the likes of which you will not see in the UK.... simply because it is not in the UK. Germany, Austria, Switzerland, Scandinavia, Australia...all of these places and more offer opportunities that may be otherwise inaccessible to people in the UK.
 
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I can only stress that people look at getting into a large international company and moving abroad, if your circumstances allow you to do such a thing. In 10 years could could be way ahead of where you would have been if you had stayed in the UK, with a much better work life balance.

I work for a multinational company who have 40+ offices worldwide and I completely agree with you. Experience in a different office is looked upon very favorably and really enhances your career prospects.
 
Can we take a step back and refrain from passive aggressive personal statements.

Everyone has different opinions and experiences.. those looking to get to £50k will do it via different routes but I don't think any 1 way is correct. I'm just fascinated to listen to anyone that earns that much as they must be doing something I'm not! :)
 
I've been working in digital marketing (primarily web/app design and build agencies) for the last 8 years now, across three different agencies. I work as a Business Development Manager, so I'm on the sales side of things, but I have worked in Account Management roles as well.........

......I'm 30, on £32k.....

Slightly off topic, but I have 2 family members in the marketing industry (digital I think), who each have equally impressive job titles e.g. Account Executive then Account Manager then Account Director and Business Development Manager or something, and are both late 20's. I have always wondered what these impressive job title's equated to, in reality.

In my industry (engineering), people holding these titles are generally high up, say minimum 15 years experience for a director and looking at >80k+, so I've always thought "jeez they must be doing well to be in those positions at such a young age". Turns out maybe marketing doesn't quite use the same measuring stick.... Makes sense because they are both idiots.
 
I lived and worked in Switzerland for a while. No idea how it contributed to my career though. And the standard of living was high - but then so was the cost of that. Work/life balance was pretty good - but it's still pretty good now I'm back in the UK.

...and the Swiss definitely work more to the clock that their UK counterparts (a source of much irritation, especially with the 1 hour time difference).
 
I can only stress that people look at getting into a large international company and moving abroad, if your circumstances allow you to do such a thing. In 10 years could could be way ahead of where you would have been if you had stayed in the UK, with a much better work life balance.

This is true.

Took a job abroad with my current company. My rent in this country is paid for and I get an uplift on salary for international mobility; we have rented our house out in the UK, so the mortgage is paid for which means my wife doesn't have to work. This means we pay minimal child care - only a day and a half a week to give the Mrs some free time and a break. Add to that the fact that child care in France is less than 3 Euros per hour and we are actually better off financially. I also get 5 days extra holiday than I did in the UK and have a house with a pool and 250 days of sunshine, 40 mins from the beach, 2hrs from the Alps and 5 mins from some excellent mountain bike trails.

We took a big risk coming out here though. My wife left a good, well paid career to be a "trailing spouse" and we took a 6 month old baby away from grandparents, just when we were still getting used to being parents. We left our friends behind and we don't speak the language (but are learning). It's been hard, but well worth it. I have certainly developed as a person and am more confident now than I was before both in work and in life. Living and working abroad was the number one bucket list item for both of us, and from here we kind of feel like if we've done this, we can do anything.

It took us 4 years to pluck up the courage to do this though and life always got in the way - wedding/house/baby. It got to the point where my wife was due to end her maternity leave and go back to work. Our daughter would have started creche and it would have just become harder and harder to move. We knew if we didn't do it right then, then we never would.

It won't last forever, the project will finish at some point and we'll have to figure out what to do next, but we would never look back. I could make a decent estimate of what the experience will be worth on the CV (15-20%) for any future roles, and the life experience is priceless. Plus mother and daughter have been able to spend more time together.
 
I lived and worked in Switzerland for a while. No idea how it contributed to my career though. And the standard of living was high - but then so was the cost of that. Work/life balance was pretty good - but it's still pretty good now I'm back in the UK.

...and the Swiss definitely work more to the clock that their UK counterparts (a source of much irritation, especially with the 1 hour time difference).

Yup, but I would say that, at least in my experience, workers in Switzerland are generally more productive than those in the UK. It's a much calmer, less stressful environment and people are less easily fazed, and feel more comfortable giving pushback to management if they are not happy with something.

This is true.

Took a job abroad with my current company. My rent in this country is paid for and I get an uplift on salary for international mobility; we have rented our house out in the UK, so the mortgage is paid for which means my wife doesn't have to work. This means we pay minimal child care - only a day and a half a week to give the Mrs some free time and a break. Add to that the fact that child care in France is less than 3 Euros per hour and we are actually better off financially. I also get 5 days extra holiday than I did in the UK and have a house with a pool and 250 days of sunshine, 40 mins from the beach, 2hrs from the Alps and 5 mins from some excellent mountain bike trails.

We took a big risk coming out here though. My wife left a good, well paid career to be a "trailing spouse" and we took a 6 month old baby away from grandparents, just when we were still getting used to being parents. We left our friends behind and we don't speak the language (but are learning). It's been hard, but well worth it. I have certainly developed as a person and am more confident now than I was before both in work and in life. Living and working abroad was the number one bucket list item for both of us, and from here we kind of feel like if we've done this, we can do anything.

It took us 4 years to pluck up the courage to do this though and life always got in the way - wedding/house/baby. It got to the point where my wife was due to end her maternity leave and go back to work. Our daughter would have started creche and it would have just become harder and harder to move. We knew if we didn't do it right then, then we never would.

It won't last forever, the project will finish at some point and we'll have to figure out what to do next, but we would never look back. I could make a decent estimate of what the experience will be worth on the CV (15-20%) for any future roles, and the life experience is priceless. Plus mother and daughter have been able to spend more time together.

Congrats man, sounds well worth it. Kids who have experience abroad also benefit massively in terms of social development. :)
 
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Crazy people maybe. If you earn 19k and have kids you clearly haven't thought about the financial implications. That's one real world i won't be joining.

Ah the financial implications, £500 sure start grant, breast milk is free, that's baby fed for 2 years with no cost, weekly food vouchers, child benefits, child tax credits, Seems like a shrewd business move for the plebs you have disdain for :o
 
That's why I said if they do, the very part you highlighted. Funnily enough, there are many UK expats in many countries so I guess many do have 'those' circumstances. Or are you just referring to this forum being a unique place where no members can move abroad? :rolleyes:

Exactly, hence my response; the 'if' in your suggestion for the many is contingent on numerous things and would likely include things you may have not needed to consider when you moved further to 'getting into a large international company' and making the journey destined for 'way ahead etc etc' - if such was the case.

I can only assume that from your experiences, you hold the views you do and like most (in general), make suggestions, without really taking into account the feasibility of or limitations on doing so.

You think my story of going abroad and having a better life is unique? Wow, how blinkered a life you must lead. :)

I've not even expressed views on it, so unsure why you felt the need to mention and assume that I think this from my previous post. A view which goes against yours isn't an incorrect one.

Blinkered life, lol. Lets just put it this way, I am in a situation where I simply do not need to move abroad in pursuit of a 'better life'.

A better life is subjective anyway, so best we agree to disagree.
 
Exactly, hence my response; the 'if' in your suggestion for the many is contingent on numerous things and would likely include things you may have not needed to consider when you moved further to 'getting into a large international company' and making the journey destined for 'way ahead etc etc' - if such was the case.

I can only assume that from your experiences, you hold the views you do and like most (in general), make suggestions, without really taking into account the feasibility of or limitations on doing so.

What a load of absolute, near-meaningless tosh.
 
Totally agree, and that's some good saving / debt clearance!

Amp, you're right about it being relative, which is what I was getting at by saying it depends on circumstances.

I think the big thing, as Regulus said as well, is just making sure you're saving and I've within your means.

We are now on a single income (just above average) and can't just ***** (the equivalent of) £20-30 on a main course, or £4k on a holiday like we used to, but we are still putting money aside, even if it's not as much. Still having fun, but not buying much in the way of luxury.

That said, as much as i'm loving the time off I'd like to get back to working again, and being able to go out and not question if I should go for the $35 dollar steak or $15 xyz!:p
 
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