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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

If you are minted....

994 replies

FeralBeryl · 14/10/2016 01:42

*What is your/ partner's career or job?
*
Not a TAAT more a TIBAT (inspired by a thread)

Someone has a monthly take home pay of £11k
Not going to lie, I fully intend to suddenly obtain the necessary qualifications overnight for whatever it is. Wink sure there'll be an online course....

I know there will have been a great deal of sacrifice, no work home balance etc. I'm not wanting to judge at all-I'm enthralled

Please.

OP posts:
Mozfan1 · 19/10/2016 08:34

And yes queen it's bizarre isn't it. My husband works with an American guy who is so open about money. Dh is quite quiet/shy so when this guy comes out with straight talking questions it certainly puts him on the back foot

Notverylucky · 19/10/2016 08:36

I can't imagine earning these kind of wages. I haven't been able to work for over 15 years despite having an honours degree and a post grad qualification. I have severe health problems caused by a drunk driver which mean I will never be able to work; I have enough struggles just being a sahp as looking after the house and DC kills me. I'm in constant severe pain from the injuries I sustained. I know we're luckier than many others though so I do volunteer work, which gives me a purpose and some sense of self worth.

My dp is qualified to Masters level, works in the City in a professional role and has about 20yrs experience. He's gone from 6.30am to 8pm and then comes home and works on his own business, often until the early hours, before getting between 3-7 hrs sleep per night. I would guess he averages about 5hrs per night.

Yet, probably because I have no earning potential, our take home income is just over a quarter of the amount to be considered minted.

My dp is extremely hard working, committed and very good at what he does. He's also well liked and respected and good at networking.

I'm biased because I think he deserves to earn the kind of figures being bandied around; if for no other reason than he would know he's appreciated, and can slow down a bit before he kills himself through the stress of trying to provide for his family. His job also often has the safety of others in his hands.

ANewStartOverseas · 19/10/2016 08:37

Btw I actually really like it when people do talk about earning high amount etc... incl Xenia.
I remember her saying (a very very long time ago) that we should all aim for a job that pays £100+ per hour. I remember thinking it was totally out of my reach.
And then as I was retraining (due to said ill health), I realised that I could do something I loved and was good at, and aim for a wage that was at that level.

Talking about/to women who do make it at thyat level is, imo, inspiring.

Mozfan1 · 19/10/2016 08:39

Talking about/to women who do make it at thyat level is, imo, inspiring.

If money=success to you then yes, it's inspiring.

Statelychangers · 19/10/2016 08:39

I would say that not openly discussing finances is not about keeping a closed shop. It's pretty obvious how wealthy someone is - there are markers laid everywhere from their body size, their skin, hair, clothing, cars, address - success and wealth are hard to hide. Sure there's the odd eccentric who hide this stuff but most people are pretty obvious without needing to shout it from the rooftops.

Ilovehedgehogs · 19/10/2016 08:39

GetAHaircutCarl completely agree. Some years ago the boss of dh ran off with the company money, so not even redundancy after working there for 20 years.

We lost our home, everything and had to rent a mould riddled flat in the worst part of town.

Dh started up on his own, we were on benefits, our dc suffered terribly in the poor living conditions and general misery of having nothing.

It took ten years of hard slog, ( I had a spinal
Injury in the middle) and now we are very comfirtable.

Our only luck in this is that Dh is reasonably intelligent, he has pretty poor social skills, went to a very bad school and has no connections.

It really was just hard graft and finding a niche.

Mozfan1 · 19/10/2016 08:40

If only stately, if only.

rollonthesummer · 19/10/2016 08:42

there are markers laid everywhere from their body size

Body size-I'm intrigued by this, can you elaborate?

Ilovehedgehogs · 19/10/2016 08:44

Lots of people think that fat equals poor. I am fat.

GetAHaircutCarl · 19/10/2016 08:46

DH works for a US law firm and their way of doing things is extremely transparent compared to many city firms.

There is no lock step etc and has never been. Basically, you make your case to the board regarding comp and a decision is taken. And everyone gets a print out of what each partner is going to make that year.

And the board would fully expect to receive calls along the lines of 'Why the fuck is Jack Mack making more than me? I billed $X last year.'

I do a fair bit of work in the States and I'm coming to understand (and like?) their way of doing business. Not too long ago I was in a meeting where I was asking to be given a job for which I'm really not qualified (on paper) and yet the first question, before my arse cheeks felt the chair was 'How much are you asking for?'. In the UK that question might not even have been asked. Perhaps by email to my agent at another time.

Statelychangers · 19/10/2016 08:46

Slimmer bods are most often wealthier bods - of course there is the malnourished person who clearly doesn't look healthy but wealth is associated with health.

QueenJuggler · 19/10/2016 08:50

Mozfan money=success isn't necessarily a reliable equation for me. I know someone (not as well as I'd like to) who I greatly admire. She is an academic by qualification, and now works with governments and NGOs to develop finance and trade policy for developing markets. She is unbelievably clever, goes the Davos every year, is consulted by world leaders. And earns a relative pittance compared to many other people I know.

There's also a school mum who I HUGELY admire. She's a SAHM, and not within a very wealthy family at all (3-bed semi-detached house, 10 year old car, kind of not very wealthy). But she is absolutely an extraordinary woman, highly organised, incredibly analytical, involved with just about every community thing going around here, and is the fount of all knowledge on anything related to raising uber-clever and highly-enabled children. She has 3 kids, two of which are on full scholarships to two of the best schools in the UK, and the 3rd of which will undoubtedly achieve the same. I can't quite describe what it's like to be in her presence, but it leaves me slightly breathless with awe!

GetAHaircutCarl · 19/10/2016 08:51

stately there is a huge difference between discussing the cost of acquisitions aprops nothing and discussing finances.

This thread is about finances. How people make money. What they have to do to make it. And some posters have said that buying help in the home and expensive clothes are things they have to do to make money.

rollonthesummer · 19/10/2016 08:51

The two most wealthy men I know are also the most overweight!

QueenJuggler · 19/10/2016 08:51

I'm on the fat side right now, but that's after a medical issue that left me having to take steroids. Fat = size 12. That's enormous in my circles.

I find that truly depressing - I adore food, and can now afford to eat anything I want, but can't because if I get any fatter, I suspect I might become a social pariah!

ANewStartOverseas · 19/10/2016 08:52

Moz its not that much money=sucess but the ability to get where you want, incl where women arent supposed to be iyswim.
Its the potential and possibilities that I find inspiring.

re size, yes there are plenty of studies to show that people from healthier backgrounds are also slimmer, probably due to the fact they have access to better quality food. Also they have shown the environment has a big impact. People who live in environment where people tend to be overweight (friends, family) tend to be heavier too (and the other way around).

QueenJuggler · 19/10/2016 08:52

rollon yes, fat men are considered OK in wealthy circles. Fat women, not so much. Not until they are about 70.

Mozfan1 · 19/10/2016 08:54

Queen no I don't agree money=success either, I was following on from someone who said that hearing about female high earners is inspiring. So I said what I said. Liked your story about the SAHM by the way 😊

ANewStartOverseas · 19/10/2016 08:54

Hmm I've never thought about the risk of becoming a social paria because you are over a size 12!

Ilovehedgehogs · 19/10/2016 08:56

Having money buys you options, especially with health which is incredibly unfair.
My youngest dc has a disability, I can buy her private OT, schooling and other support. That's particularly why I appreciate it.

Statelychangers · 19/10/2016 08:58

Is happiness important - more important that wealth and success? Are the kids who are "uber-clever and highly-enabled children" happy well adjusted kids, seeking their own way in life not their parent's? We have so many kids around here - amongst the sharp-elbowed, who are buckling under the pressure - every year at least a couple of suicides around exam time.

TrampagneSupernova · 19/10/2016 08:58

I earn in this bracket, we live in Asia working in Extractive industries (Oil and Gas Exploration & Production)

My contract is reviewed annually and while pay is high (although rate has been cut by 30% in the last two years) there is virtually zero job security and it can be cut on a weeks notice or not renewed at the last minute, t&cs can change on a whim or not be honoured.

If you are working for a multinational at least the chances are you'll be treated reasonably fairly but the fact remains that your situation is perilous and you have to have the attitude that you are "making hay while the sun shines". It's taken me huge amount of effort and sacrifice to get to this level and while I've generallly loved most stages of my career I've had to put myself through some very unpleasant and dangerous situations over the years to get here including time away from home, virtually zero parental leave etc. If I don't work, I don't get paid, no pension no sick pay, no nothing.

We live frugally here and I think to be honest family postings like the one I am on will be a thing of the past for most "expats" in a few years. It's all about saving for the future for us. Ten years ago we had nothing due to redundancy and one or two other things and I don't think that feeling will ever leave us. We are extremely lucky but I take nothing for granted.

GetAHaircutCarl · 19/10/2016 09:00

Yes, I don't necessarily find the wealthiest people the most inspiring. Though sometimes inspiring people are incredibly wealthy.

It's the success bit I like. They set out to do X (X being something I'm interested in) and they've achieved it.

I'm a writer, so naturally I know lots of writers and people in other creative roles. Many of them earn relatively little. But if they're successful, in that they've produced something I can admire, I'm inspired by that.

All that being said, I've been poor, I've been rich, and every point in the middle. And I know which is nicest. So earning money will always be something I want to do and understand other people's reasons for wanting the same.

Statelychangers · 19/10/2016 09:02

Ilovehedgehogs I agree - having money has enabled us to get our dcs specialist medical help when they needed it - help that was not available through NHS or privately.

AfflictingTheComfortable · 19/10/2016 09:02

Saying that talking about money on this is vulgar is utter bollocks.

MN is a place where people talk about bumsex, periods, miscarriage, birth, labour, DV, death, illness, disability....all topics generally more or less taboo in polite society.

But hang on, people talking openly about money is suddenly "vulgar". Righto.

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