High earners - how do you spend your salary?

What are you talking about? How can my own personal experience be ‘absolute bollocks’? How can instilling in girls the importance of being financially independent be ‘absolute bollocks’?. What a bizarre and ranty reply🤔

Also, what makes you happy about marrying three times? An obsession with wedding cake?

Yes absolutely. I can only speak for myself. My mental health wasn’t good when the only earner was someone who was capable of using money as a weapon. Being on UC is better than that, so that’s saying something! I know some people are lucky and don’t live with a (albeit well-off) jerk but when you do, 😬

Are your daughters also too thick to earn their own money like these trust fund recipients?

You've managed to be really offensive about at least four kids here.

@Nothappyatwork

I read @BellePeppa's comment as the difference in her own mental well-being when relying financially only on herself, is immense. I didn't get the sense she was commenting on everyone in general.

Absolute bollocks one of the happiest people I know has been married three times and lived at her ex-husband’s expense extraordinarily happily, her children are always beautifully turned out they’ve had the best of everything and are now about to inherit best part of 2 million each. They all have what I would call a trust fund job which is just as well because They don’t have two brain cells to rub together.

Whilst i didnt marry for money, I can’t say I’d be too upset if my daughters fell in love with a rich man put it that way.

This is good advice. But then I also see women on here resentful that their husbands are not earning much, because it seems that men are often crap at being SAHM's or doing household stuff, so the woman just ends up doing double. By and large though, I do agree with you.

However, my creative DD has gone and picked a profession which she enjoys hugely, but will never make her money, so.....I am going to leave her some money so she has independence ( though I took nothing from my own parents).

If I’d had daughters I would have have instilled in them how important it is to make your own money and never ever rely on a man (or even another woman) for your finances. Biggest mistake of my life was giving up my financial independence because my (now) ex earned mega bucks. I didn’t earn big money but I was completely financially independent before children. The difference in mental well-being in relying on yourself and relying on someone else is immense.

Other than one year, I've always earned more than my husband

Yup. I've only once in my 20s dated a man who earned more than me. Other than that I've always been the breadwinner in my relationships, including my current long term one. I just couldn't be with a man who earned more and whose cash I was dependent upon for my lifestyle. Granted, I earn a "measly" 50k (😂), which I accept is peanuts compared to these huge salaries .... but I'd still much rather be the person taking home the bulk of our household income. Just in case I ever find myself alone...

Other than one year, I've always earned more than my husband. But I agree, all we should be doing is encouraging our daughters to marry men with good earning potential so they can come on MN and brag ;)

If I wasn't an above average earner (not high) I wouldn't have opened this thread. And in fact I am going to look into unlocking some savings today so that I can subsidise my mum's and my son's energy bills in the winter.

I don't think it's vulgar to ask how to manage your money well. Well off people often live on credit to keep up with their friends and that is not advisable.

I don’t begrudge people having money, after all I’m the only reason why I don’t earn big bucks (I don’t have the sort of personality most big buck earners have) but the thread is pretty bad taste when most of us are struggling to pay bills, although I’m quite enjoying reading it. My ex earned a lot of money and our lifestyle was private school, 5* hotels and the occasional Michelin starred restaurant etc but I was so, so unhappy and trapped in the relationship. I became a single mother and now on UC but am so much happier. When I read all about the ‘stuff’ people have I don’t envy them. As long as I can pay my bills I’m happy, I really don’t need anything more (although I wouldn’t say no to nice windfall 😁).

This thread Is vulgar! I’m sitting here trying to work out how to make 70 quid last me till payday in two weeks. Good for you all hip hip hooray to you all with ether yourself or husbands earning your big bux. Husbands in most cases in the majority. But what I have seen is 24 pages of brag upon brag. Have some respect.

@BellePeppa

I meant state school. Bog standard one in a deprived area.

Public school? You mean like Eton? Or do you mean state school?

This thread is making me think I need to save more…I don’t seem to put as much away relative to my earnings as many here. Although my horses account for a lot of that!!

What an insensitive thread given the cost of living crisis...

Best comment!
Currently hiding from the local elite

It’s dog food, unless you’re being funny but didn’t put an emoji to show it?

@lancsgirl85 okay apology bad choice of word, though definitely old compared to 27

As for how we spend our disposable income, we have joint income of 170k (but we are old, in our early 40s,

Christ, I'm 37 so will I soon be "old", too?! Early 40s is not old. Who knew this thread could be offensive in more ways than one. 😫

Of course I am. Money saving tips on £140k a year. Come on!?
The original post is ridiculous. Shame high earners can’t use some of their income to pay for tact and humility.

Actually, @SlightlyGeordieJohn is right. Once your earnings top £240k the annual pension allowance tapers down to just £4k. It's a bit of a shame, but I think it's probably right that very high earners don't benefit from the tax relief.

And the man I've "latched onto" actually earns less than I do. But still worth keeping him when you look at those calculations 🤣

@Waferbiscuit

Might be something in that. I was curious where we fell so I just used the online calculator for mine and DP's income together, ie our current to household income (circa 80k) and it tells me we are "in the top fifth" of UK incomes (higher than 83% of the population). I then calculated as though I lived alone and I'm suddenly "in the squeezed middle" (higher than 63% of the population).

I earn 50k, and as a single person I'd be in the "squeezed middle"!

That's blown my mind a bit tbh.

This post just shows that latching on to a man seems to be the best solution for financial security - 'we, we, we, we, we... dh, dh, dh'... very rarely the use of 'I' quoted in people's statements about their income.