AMA Income over £500k

[AMAIncomeRelated]

Following the thread on the disadvantages of earning just over £50k, it got me thinking that if some people think that is a huge amount to earn, what do they think of my life.

We live in North London. Husband earns a lot, over £500k most years. We live in a big house, with a huge mortgage, 3 children at private school, 3 dogs, own a ski chalet which is let out as well as for our use. I don't work, I did try a part time job 5 years ago and whilst I loved it, it cause too much stress at home because my husband is used to me doing everything.

We obviously live very comfortably, but also there are lots of things we'd like to do but can't afford the big projects at the moment. My husbands job is very stressful.

AMA. I am absolutely not gloating, I know only too well how fortunate we are.

If you won mega bucks on the lottery what would change in your life? Would DH be happy to give up work and spend more time with you and the dc? Would you spend more on holidays even though you currently spend lots? Would you move to a different house or have lots of work done on your current house?

Can you share your husbands job?
I'd like to know what type of roles and industries pay this sort of money!

I'm also very interested in what your personal style is, where you shop and what your annual budget (approximately) is for clothes for yourself? You say you don't actually spend huge amounts on clothes - but could you expand on that? The reason I am interested in this is because I adore clothes and love to look stylish. I consider I have an amazing wardrobe of clothes - both high end designer and not - and my clothes budget is covered by annual dividends from my personal shareholdings.

Regarding your husband, you say his job is extremely stressful and he will retire at 60. Do you not worry about his health? My husband was in an extremely stressful job (but public sector!!!!) and it was imperative that he retired at 57 for his own health and well being. We have the luxury of being older now, and can put our lives in context of all those small decisions which then culminate in our life now we're no longer working. We live comfortably on our work and state pensions in a four bedroomed detached house in the country, My husband was public school educated whereas I was an all girls grammar and we chose not to educate our daughter privately. She and her privately educated husband have both done extremely well in finance related roles, but earn nowhere near your income, probably because they don't live in London.They live near us, so it's a huge joy that you can't put a price on - e.g. we have been having snowball fights with our five year old grandson today.

And we certainly did not either. Ironically for me because the first part of my career was actually in banking, this has provided most of my personal pension - I retrained as a teacher and that pension is a fraction of my banking one. I have moved in very wealthy circles when I was younger, so seen various high income partnerships at close quarters. You do sound pretty grounded, and the only thing I absolutely wouldn't be doing in your circumstances would be my own cleaning. But I also adore gardening!!!! You're fortunate, I would say - good for you. No envy here!!!!!

A handsome gardener who refuses to keep his shirt on.

Do You get the premise of AMA? I, precisely, ask anything as invited to by poster

I think it's terribly sad when people get their identity and entire sense of self worth from their job.

How can being successful be a sad why to have high self worth?

I love it!

Do You get the premise of AMA? I, precisely, ask anything as invited to by poster

You weren't actually asking though, you were judging

What is the most luxurious item you own??!!

That’s insane!

I didn’t even realise it was possible to earn those figures from one job!

Sorry, but I’m laughing at ‘he’d be fair’.

Men always show their true colours when money becomes involved and they have to pay their ex.

I think you’ll find I posed numerous questions, with words like why?

Given that it's not uncommon for middle aged men to suddenly dump their wives and turn very nasty very fast - to the enormous surprise of everyone around them - does this ever worry you?
Have you thought of how you'd live if he did this?

What does your DH do for a living?

Ignore the snippy comments. I think the Poster sounds really lovely

inused to have a comfortable life - lost it all in divorce- I’m glad you married a fair man.

im finding this AMA thread quite an eye opener !

I think the op sounds lovely too. Other posters on the thread….less so.

They’ve been married for a long time, she would be entitled to half, if not more of all assets including his pension, which he has maxed out.

@Zone2NorthLondon

Yeah, ok.

Dripping with judgement.

Really interesting thread. V disappointed that you buy aldi candles. Please buy the giant £300ish jo malone one even if you never burn it!!!

What is your DH job and what was your job?
How old are you and your dh?
Are your kids private schools normal independents or top public schools?
Is it hard to give your kids a 'normal' upbringing?

Especially in terms of pensions

Well I'm poor and I find it interesting. Much more so than all those threads with ops moaning about their 100k salary and the fact they aren't entitled to help with childcare

Hello

1. How much is your gas electricity monthly
2. how much is your household expenditure (a breakdown would be good)
3. Are you planning to buy houses for your children?
4. How much do you save per month.
5. How much is your rental income? You say you don’t work, but if you are running two rental properties, that’s work. Particularly the one in the garden - do you also do the cleaning, ironing the bedding etc. if you have 3k per month plus upto 90kper year bonus, 3k is probably very tight to live off with all your bills,cars outing etc. Do you worry that the bonus might not be earned?

I imagine op is savvy enough to know she’ll get mixed response. Given it’s an AMA about her husband salary.

Thank you for posting.. I find it really interesting! Can I ask how much your home cost (and loan to value, considering such high monthly payments). I think its great you've been able to make such a fabulous life for your family.

Really not, I live in that environment, income in excess of this and no we don’t have a killer mortgage