The 5 year plan to £50k

Status
Not open for further replies.
You’ll need to look into managing the disorder as well I’d imagine as if you buckle under pressure then you aren’t going to stay in better paid employment for very long, over 20k basic now usually brings with it at least some level of responsibility and certainly will if you want to be closer to 30k.
 
I dunno, some low paid work could very easily be more stressful both in itself and as a result of the other effects of having low pay than some better paid work that utilises some additional skillset/knowledge. Increasing your pay at that level doesn't necessarily mean you need to increase responsibilities but can simply be down to an increase in skillset.
 
Well I might have interpreted his post wrong but I believe he’s on about stress in the workplace. I don’t know of many jobs towards the 30k mark (his longer term goal) where your responsibilities will be less than basic admin work.
 
Well I might have interpreted his post wrong but I believe he’s on about stress in the workplace. I don’t know of many jobs towards the 30k mark (his longer term goal) where your responsibilities will be less than basic admin work.

Well stress and responsibility are different things, a burger flipper at McDonalds could be under more stress day to day at work than say a DBA at some large company. Someone doing basic admin work but on say essential medical record, or perhaps booking people into A&E perhaps has more responsibility than say some IT operations guy in charge of maintaining some test servers. But the DBA could be on say 60k and the IT ops guy on 30k or so...
 
That’s a nice analogy but doesn’t really hold up here, it seems pretty obvious to me he’ll need to manage the disorder if stress can make him go bonkers in the workplace, if he wants to progress. It’s not just the job itself but the interviews for those positions and whatever else comes along with it.

Not saying it’s impossible with a mental health condition, far from it but it needs to be taken into consideration imo particularly the way in which he’s mentioned it.
 
Well that he needs to manage it is a given (he already has that issue to manage) but the point is that you don't necessarily know that any better paid job will be more or less stressful than his current job and also the already mentioned factor of additional stress from being on a low income currently.
 
I was in the same position for most of my life so far, earning £18,500 and was dreaming of getting anything over £20,000. I then got made redundant and was searching for a job left right and centre and to no avail and only jobs I could find were on the same or less than my previous wage.

One day after basically scatter bombing the job market I managed to find and get lucky with my new job in printing and I am now on £25,000 which I must admit is great.

You can get lucky and one day it will happen, I know to some £25,000 really isn't that much but works for me :), and on a side note no stress at all here.
 
Money is an odd thing, I earn twice what I was on 7 years ago yet I don't feel any richer yet at that time I would have loved to have been on what I'm on now. I guess we all live to our money and it's human instinct to look forwards and want more of something.
 
Money is an odd thing, I earn twice what I was on 7 years ago yet I don't feel any richer yet at that time I would have loved to have been on what I'm on now. I guess we all live to our money and it's human instinct to look forwards and want more of something.
This. I'm earning double what I did 4 years ago but just buy more expensive stuff. You cut your cloth and all that. The only difference I can really notice is that I don' have to think about whether I can afford things up to a grand, I just buy them if I want it.
 
You can get lucky and one day it will happen, I know to some £25,000 really isn't that much but works for me :), and on a side note no stress at all here.

I think it is fine if you're a single person renting a room etc.. after uni. But if you're in a relationship, planning to settle down, buy a house etc... I'm not sure unless you're in a very cheap area, stress free now can be stressful later in life when lack of money causes issues, some stress now re: education/professional quals on the other hand can mean less stress later.

For example one of my best friends is a locum GP, she only works 2-3 days a week and gets 50k or so. She had the stress of medical school and junio doctor lifestyle, but then again some high points/satisfaction from it too, now she's got a very chilled lifestyle, is unlikely to ever be unemployed and can/does sometimes just drop work for a couple of months to go travelling in the knowledge there will always be GP shifts to come back to.
 
Last edited:
As per above it is incredible how much you adjust to a higher salary. I too have been fortunate to multiply my salary significantly in the last 6 years, however as you get older you accumulate responsibilities. With 3 children my cost of living has also multiplied. I genuinely can't imagine what I'd do if I earned my current salary and my wife and I had no children. I could probably clear my mortgage in 4 years lol.
 
Earnings doesn't always correlate with stress in my experience; a big factor for me is what support framework you have around you. I currently earn about 8x what I did in a previous job but have a network of peers and a generally helpful manager to fall back on, whereas before I basically had a co-worker and very little else (so when he was on holiday I found it very stressful especially when I lacked experience, as I had to do more work to do than usual with no-one to turn to for advice).
 
For example one of my best friends is a locum GP, she only works 2-3 days a week and gets 50k or so. She had the stress of medical school and junio doctor lifestyle, but then again some high points/satisfaction from it too, now she's got a very chilled lifestyle, is unlikely to ever be unemployed and can/does sometimes just drop work for a couple of months to go travelling in the knowledge there will always be GP shifts to come back to.
lol - so depressing :(
 
I have far less stress now than when I earned 2/3 of what I currently do.
I do travel a lot, which some people would find unacceptable, but I love it. I rarely sleep in my own bed.
I've been traveling (first UK then internationally) for the last 7 years and I'm not sure I could go back to being static office based.
 
No, don't think so

Is anyone in this thread on the path to hitting their target?

I think management is the way to go with most fields, as well as moving on as quickly as you can when you realise the doors are closed.

I've pushed in my last 5 roles for progression and have taken it where I can. Just left a role of 3 years due to this. Stagnation and comfortableness is the enemy, even if the pay is good.
 
I had a vague plan when I started my current role (nearly 10 years ago now).

A few hiccups along the way, from software development/team lead,etc - I wandered into management about 6 years ago, dallied with systems architecture, did some high profile integration projects and finally ran a high profile electronic trading systems development team for a couple of years, which was incredibly hard work and my health and family life was starting to suffer. Now I have a free reign in a fairly new, very profitable business unit, back to coding, no management, great bunch of quant research people to work with and learn from.

I reached and surpassed my target 7 years ago, just before going into management, and have since more-or-less doubled that, so pretty happy overall (apart from my health/family issues which are getting better now).
 
Status
Not open for further replies.
Back
Top Bottom