If you are minted....

[FeralBeryl]

*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. 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.

Lawyer....totally not minted. Those that are.....how? What area?

Doctor here..... think I work hard and am business minded but earn nowhere near these numbers ( and I don't know anyone of my generation in late 30's - early 40's who is).

Slightly depressing but I've had a few minutes day-dreaming about what I could do with the money :)

The people I know taking home between 6K and 19K per month are: Lawyers, Investment bankers, CEO's or Head of functions in financial services copanies e.g. head of HR, head of business development etc.

Super yacht chief engineer and chief stewardess. Our take home is well over £11k per month. We invest in property for our retirement.

Not minted buy fairly well off and live in a nice house etc. Both DH and I have middlish incomes (DH is probably on the slightly higher side) but we received an inheritance tax avoidance gift inheritance from DHs parents.

IT is very well paid. Project management or contracting. Dh's cousin trained and has moved up relatively quickly to probably more than 100K. I reckon you can get there in 7 years if you are motivated and work hard.

in what world is 11K a month not enough? Beverly Hils?

London! Housing in Beverly Hills is a lot cheaper than naice London...

Reading this thread is interesting. I think I will stick with my £30k pr job, even though I am cutting my hours again because I want more time with the children at home watching Doctors. I'm too lazy to be a high earner.

somuchroom who owns the yacht? Russian, Kanye, or a royal?

Cats I don't consider getting home for bath to be seeing a lot of the children (no judgement). When I said DH doesn't see the children Monday- Friday : he does have breakfast with them, he doesn't LITERALLY not see them. But for all intents and purposes he doesn't see them. He makes up for it at the weekend

boogle tell your DH not to assume that US law firms expect crazy hours.

My DH is senior partner in one and he pretty much runs his own show. There is no presenteeism at all (one of his partners spends three days a week in Newcastle with her DP/DC, another lives in the Isle of Wieght and almost never comes into the office). Providing you make the fees and keep bringing in the work, they don't seem to care how or when you do it.

This is at very senior level though - dunno about the younglings.

The comp package is great. Seriously good money.

queenliz DH's area of expertise is commercial law with any sort of IT aspect. It's a hugely expanding and ever changing area.

Vanilla British owners with a charter schedule although we have both worked for Americans and Russians.
People like Kanye only charter yachts, they don't actually own them.
The royals just borrow them from a friend for the week!

I live in London Sparechange! Not Mayfair obvs.

Doctor here..... think I work hard and am business minded but earn nowhere near these numbers ( and I don't know anyone of my generation in late 30's - early 40's who is).

Me too. My friends are lawyers and Drs and most cant afford a one bed flat in London.

It's all relative to the lifestyle you can get sucked up into. In our area of London, even a fairly modest house will be at least £5 million. With day school fees for 4 DC at £20K per year each, you need to be earning st least £150K before tax just to pay 80K school fees. That's before anything else. For so many, it's the school fees that are the killer! It's madness, but very typical where we live.

My husband and I both worth in the City - I'm a stockbroker and he's a fund manager (managing/investing pensions of big companies etc). Combined basic is around £250k and annual bonus is typically the same again or up to 2x that. Job security is not great but we work hard and good at what we do so touch wood, have been relatively protected to date. For background, both highly academic, top universities, post graduate studies again in top institutions.

I'm going to guess now!

Eddie Irvine
Philip Green
Carol Middleton

It's quite random really isn't it. I am more educated and have more niche skills than DH, but his field (project management) pays 5x more than mine (academia). Also like civil vs criminal law, some fields of engineering vs others.

Blingygolightly I totally agree. A high salary doesn't mean no work-life balance.

Albeit I don't earn £11k per month net but my salary is decent (£85k+ bonus if important) and I am in a relatively senior role. I work from home up to 3 days a week, do the school run on those days, and leave the office at 4pm (start between 9am-10am) on the days I am in. Sure I do the odd call to discuss things with people on the other side of the planet at a time zone convenient to them, but I can nip out for appointments, assemblies, lunch with friends/colleagues and have 35 days holiday a year plus a good pension and private healthcare. So actually we have a great life, work is challenging when I'm there and I think we all have a good balance of everything tbh. I feel very luck to be able to say that.

I will never work ridiculous hours, I make that very clear when I take on a new role. I need that flexibility to function, and if I don't get it, I'll walk....

Apparently the best course to do is Geology at Imperial College as graduates earn £60-80k within 6 months of graduating.

Wow Vanilla, wish I'd known that when I was 18!

I definitely don't think we are minted but these things are relative! £11,000 a month doesn't sound like much

Blimey. It would be to most of the population.

Btw I believe the poster who thinks 11k a month is not enough lives in France.

If you are in your 40', Vanilla, that would have been pointless advice. I know a few geologists; their lives have all included a fair bit of travel around the world on contracts to places including NZ, Iceland & Antarctica, which sounds glamorous, but unless in the oil sector, all have suffered extended periods of unemployment .

Sorry, that was to Zaza