High earners - how do you spend your salary?

It’s £40,000 @SlightlyGeordieJohn . DH puts that much in every March.

Some of the top law firms pay NQ solicitors six figures now.

Not what you asked but I'd be saving for an early retirement.

'I'd love to know how OP earns £85k at 27 years old
Reported for the background check.'

@Overthewine 'reported' 🤣🤣🤣
Love some people's thinking: 'I don't live like this, so it can't be true'.

I'm on slightly more although I'm a bit older. But lots of younger colleagues in my team on the same money.
We work in data.

If you have a STEM job then it's not that difficult to earn well.

How do you manage to fund your pensions? Very, very high earners are only allowed to put £4,000 per year into them.

Graduates in banking, law or a couple of other areas can start on £50-60k per year, and progress relatively rapidly from there.

OP could easily be on double that amount by 27 if they were doing well in one of these professions.

We don’t spend it all, or have a formal allocation for all of it.

We have a joint account for household spending into which we put £3,500 each, and then each of us does what we want with the rest. I’ve a budget that I try to stick to for cars and motorbikes each year, and then everything else tends to get swept into my investments.

Caviar and champagne dahlings 🤣. I can't decide if this thread is taking the piss.

Fresh semen - mostly from well known dressage horses.

Also, fitted saddles, horse massages, trainer, lorries, entry fees and away show stable hire. But all of this is just pennies compared to the semen and getting the semen where it needs to be !

DH earns a bit less than £140k which pays for DD Uni rent and 2 DS School-fees and the rest is good food holidays. And my coffee.😋

Btw @Jmaho didn't see you answer @Mummybud

Genuine question: if your children (who sound brilliant) grow up with the potential to have “high flying careers and salaries” but in order to make
those careers work they need to send their kids to private school because they wouldn’t be “able to attend every school event, help with homework and eat dinner together around the table at night” - would you want them to do it? Or forego their
ambition and earning potential to be (in you view) more “present”?

Because a lot of us are those kids.

Omg I’d this for real or a wind up … oh my days!

@Jmaho you're not supposed to actively insult or personally attack anyone. It is against talk guidelines.

I am the person you called a snob unless I've read you wrong - Because I gave a list of advantages of private schools commonly cited in school prospectuses, including a safer learning environment.

FYI I wanted my child to go to a state school so he would be around all types of people, I am now reconsidering as I say due to the class size but also because both my niece and nephew have had difficult issues recently where they were physically attacked, albeit in different schools and it's made me concerned for later years. I don't recall children behaving like that at Prep.

As @Howmuchwood aptly put it - in state schools well mannered children can get overlooked when the teacher has to spend all their time dealing with the 5 or more disruptors.

Please bear in mind people are largely not like your brother in law and that any angst you have on account of his behaviour should be directed towards him. If your nephews are spoilt and poorly behaved it is likely a reflection of said obnoxious BiL, rather than their education.

Save your money and stop buying Lilly’s, they are poisonous if ingested by dogs!

@169cliftonroad, can confirm; I was on a similar trajectory at the same age.

Not finances but professional services.

For those doubting OP earning 85k at 27, it is common in finance/legal industry and especially in London. My friend's dd at 23 who is only only 1 year into her job, not even qualified yet, is on 120k, recently given a 20k increment.

As for how we spend our disposable income, we have joint income of 170k (but we are old, in our early 40s, and in our industry the income is unlikely to rise very much), kids in state primary , minimal childcare cost, no expensive hobbies, no flashy cars.. we put anything over 50k into sipp, so we live on 2x50k per year. Essential bills + other necessities come to about 2k pm. We invest the rest into isa and when the time right , withdraw it to buy properties. Our very first family home is no.6, we kept that for rental when we moved to a bigger house so it started as incidental landlord. Since then , coindentay , our second btl is no.1. Last year we bought a no.5. We said jokingly that we will retire once we have collected no1 to no.6

Haven't RTFT but, as to the question in the OP:

I basically don't!

Grew up working-class. Make in excess of 200k pa now, a mere decade post graduation (first kid in my family ever to graduate from university).

Truth be told: I wasn't taught how one does "being loaded", so I keep on operating on the "hold back, money might be tight come next month" script that I was brought up to know.

Frankly, I'm swimming in cash. And I have no idea what to do with it, because everything I was brought up to think of as "fun stuff" won't burn through it - and yet, I still haven't quite understood why I should care about flying 1st class. To me, it still reads "money out of the window for a few hours of mostly status signalling - ain't nobody got time for that".

I'm not complaining, by the way, just pointing out how very strange the "grew up poor, ended up rich" experience can be. I consider myself truly blessed despite being as irreligious as they come.

Is this thread a piss take? Genuinely can’t differentiate from the people posting as satire and the ones posting for real! Seriously, if you have to ask a Mumsnet forum how to spend your high income in a cost of living crisis, you need to give your head a wobble! 😂

This thread reminded me of that song 'I'm minted' on Horrible Histories.

This thread cracks me up

😂

Haven’t rtft; have we had ‘tone deaf’ yet? (NB, I’m not saying it isn’t tone deaf).

😀

😂

We turn the heating on.

Everything about that post screamed superiority complex

@RosesAndHellebores

Oh dear.
I was interested but never mind.

Funny you got to not owing society very quickly from being so concerned about the lack of education opportunities for those less hard working and not as lucky as you.

We're all very grateful for your contributions