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.

The OP pays about half in tax. So if her hubby is earning 500,000 then she is paying at least 276,000.
They are paying a significant more than you people attacking her and her family.
When your family are Ill and taken into hospital- she is contributing a lot more than you!
Were not living in a communist country!!
We're now officially in a recession and if we didn't have the top earners we will never get out of it's

I am not the OP.

What I have done is whatever he put into his pension, he puts into mine.

Joint account for saving and investments, I have also set up my own company for our rental portfolio that is in my name and some properties are ring fenced for me.

I also have some money in an offshore account so if he decides to fall into another women (he won’t) I have a fighting fund.

We also have enough assets that we could both have a good lifestyle if we were to ever spilt up.

Do you all have private health care?

Asked from a place of kindness and curiosity….

Could you please share with us something about yourself that’s more interesting than what your husband earns?

You are not your ski chalet, house in North London or swishy hair.

Of course she has private healthcare 😂

I’m interested in the fact that since you were the one who progressed faster, are you ever jealous of your husband’s career?

do you ever wish that you had been the one focusing on care while he did the parenting/ looking after the house?

Interesting thank you.
I'm glad you've made provision but hope you'll never need it. Nothing wrong with covering all the bases.😊

She already has. Have a look back at the voluntary work she does.

Are/were your parents also high earners?

did you go to private school as well?

do your children expect a lot from you both money wise?

What’s your favourite takeaway?

14K income and “You’re not that wealthy”…

🤣

Have you not read the ops posts? Bit rude of you to.

You sound lovely and this is so interesting

I have very rich family members on both sides. Some with a title, one with a helipad on the roof. I also have family who struggle week to week. I count myself as incredibly lucky to have a lovely home and to have been able to be at home with DS for as long as I have. We are not rich but we are comfortable.

We all know those with a lot more and a lot less than ourselves, and ALL of us have our issues.

For most people in this country at the moment, having enough for bills, food, an annual holiday and a little in the bank for emergencies is literally a pipe dream.

I just don't see the need for 'I have this much - AMA'.

Agree. I have a very ‘worthy’ career in education but I would absolutely leave if I Persia ly (not DH) won serious big bucks on the lottery and have an even more fulfilling life not working, with my days filled with the many things I love - and even more things I’ve yet to discover. I always wonder if people who would be bored senseless without work have just one or two hobbies atm. Which I appreciate is normal with a job. I’d get even more hobbies without employment. I see so many interesting clubs that I really hope to be active when retired so I can join them all.

Is your husband at the top of his career or will he move up more yet? Is his bonus cash or equity?

I earn about the same as your husband's bonus in a good year (if i get all of mine!) and it is a bloody hard slog. I am hoping to get to where he is in the next few years and it sounds like you could have too - but the only way i can realistically do that with a family is if my husband does the lions share of childcare. If my husband was the one with the earning potential i would let him do it!!!

If we both work we would top out at £200k (I wouldn't be able to do my current role as he would also need to be able to work properly) if we were v lucky but would also have to pay for huge amounts of childcare as high incomes mean you have sold your set hours.

We don't have a cleaner either.....

People are vastly underpaid in the UK making it very difficult to be rich from income.

If you read the thread properly you’ll see that as well as the 3k per month they get 90k once a year as a bonus. I call that wealthy.

What's the equity in the house? Your mortgage is huge, how long have you got to go? Do you never just think ooh we could go and get a nice medium sized flat in Brighton and sack off working?

(Also I'd say you do work if you're managing 2 x lets)

Op my dh earns double to what your dh takes home, and I don't work either but it wouldn't occur to me that anyone would be interested, or even that it was unusual?

Every working person earns a salary unless it's voluntary so why would a thread devoted to your husband's salary be of particular interest?

Hi
Taking into account your large mortgage and the kiddos private schools etc, what’s the minimum you reckon you could live on comfortably….without downsizing?

And - say if your DH was to lose his job, how easily do you think he could find a similarly paid role?

And yet you also felt the need to mention your own circumstances while complaining about OP talking about hers.

What was your background before you met DH? And I’m finding it interesting, so thank you for posting.

This. I don’t work and when I have mentioned it on posts I get totally and utter fury!

You don’t think it is unusual in the UK to have a salary of a million a year? Are you feeling ok?

If you think your spouse earning 1mil and the other partner not working is not unusual I suggest you need a bout of time in the real world??
Bloody hell what circles do you mix in to not think that was unusual!

Clearly it is of interest - have you seen how many posters there are responding. Also not sure you are being truthful when you say your dh earns £1,000,000 tbh.