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.

Vanilla None of them! The majority of yachts are owned by business people that nobody has heard of. I wouldn't work for Green if he doubled my salary; his wife is neurotic about cushions and their placement. Very, very odd.

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

This. It does SOUND like a lot but in reality this income in the SE, even outside central London wouldn't make someone "minted". I suppose different people have different definitions of minted but I certainly wouldn't think of us as rich. All relative though I guess.

QueenLizIII partners in the top law firms in NYC, depending on seniority, are making between $1 and $6m a year, with rainmakers making in excess of that.

My husband is an M&A lawyer.

A person who doesn't believe £11k is 'enough' needs to re-evaluate their investment strategy.

I work in a profession that can pay upto £500 a day as a freelance consultant (Technical Writing) but I find it so incredibly boring I am not sure I want to return to it after I'm done taking time off to have babies.

My DH earns in the low 6 figures as a doctor (not in the U.K.) but is out the house 12 hours a day, works at least 2 on call shifts a week & at least one in 3 weekends. I often feel like I'm single handedly bringing up our DC.

Yes indeed. We definitely have a good work life balance. We do work hard but intelligently I believe.

Who'd like to set up a GoFundMe page for the ever charming BoboChic?!

Feral - solicitor and IT consultant. Our colleagues also tend to work similar hours and have families (who they do like to spend time with - it isn't unheard of for high earners

stopgap M&A work is brutal. The hours! The deadlines!

DH's work is far more reasonable.

Interesting thread. When we earned that sort of cash life was more expensive - where we had to live, train fares, tube fares, parking at the station, clothes for a central London senior job, shopped where we could buy half prepped food because we were short on time, ate out more because we were not home much, paid someone to clean and do the garden.

Now, we live in a lovely house in a lovely place which is not SE commuter belt prices. I shop at a local butcher and a farmers market with a twice a week top up at a supermarket. Don't have a cleaner/gardener anymore.

Life is good, we have enough money not to have to worry and a much simpler life - still have interesting jobs.

Much depends on your outlook I suppose, I am much happier earning 40% of my old salary living where I do, riding my bike to work and being at home more. We have got enough to be happy with it.

Contracting in DH's field easily pulls in £1k per DAY. DH doesn't do it but I sometimes wonder why the hell not

Dh has gross salary of £7,200 per month so no where near as high but he is homebased and works a pretty average 9-5 with lots of flexibility he is currently clearing out the garage

Generous package on top of that too.

He works in telecoms and is one of a handful of people in the world with his speciality. He's an absolute nerd and I love him to pieces.

I run my own business and bring home less than half that!

Bobo at "£11K a month doesn't sound like much"! I'd think anybody would agree that's a stonking take-home!

And at the millionaire bakers, sign me up for that!

Maybe because there's even less job security in contracting Bendydick? It seems relatively easy to get high paying contracting jobs in my husband's area (finance technology) but no pension, sick pay, notice period etc

There are lots of assumptions on this thread, such as that people who are high earners do it to be able to buy luxuries and expensive things.

No doubt some do but for many its about financial security.
I don't want dd to ever have to worry about money while she's growing up.
I want us to be financially resilient to death, illness, redundancy and divorce.
I don't want dd to ever have to do a job she really hates because she has to financially. I want her to have career and life choices.
I don't want dd ever to stay with a partner because she's worried how she/her kids will manage without his income.
I don't want dd to ever worry about how she'll manage care for dp and I when we're unable to look after ourselves.

There's nothing selfish or shallow about that.

Ells yes, that is of course the reason why. However all the contractors we know have been in the same job for years and years

If only my baking skills were better... sigh...

Also, lots of high earners love their work.

I know I do. Indeed most people who do my job do it for pennies/nowt. I don't know if I could be that committed.

Thanks Pan ..so, oil rigs and that? Sounds interesting.

Pretty much, oil rigs and all the bits of equipment that sit on the sea bed that allow the extraction and transportation of oil from the field to the refinery. I get brought in to help design those bits of equipment and ensure that the fabricator assembles them to the correct specifications that we have provided. It's quite a narrow specialism so it is unusual for an oil and gas operator (BP, Total, Exxon etc) to have such people on the payroll full time so you end up providing your expertise on a project by project basis.

That sounds unusual Bendy but good on them. Paying no tax helps to boost contractors' take home too no doubt!! Sometimes that makes me cross (jealous)

Commercial bar. Technically self employed.
12 hour days, six days a week. Missed a birth due to court. When dc were younger would book into a hotel Sun-Thurs to totally submerge during big cases and we lived in London.

It's his vocation. Stopped doing it for the money more than a decade ago.

I'd be happy on 11k a year, before tax

OhTheRoses I read that about six times trying to work out how someone could "miss" giving birth due to a court date

GetahaircutCarl he's certainly pulled dozens of all-nighters over the years, but he's been a partner for close to a decade, and the hours aren't so bad. He is gone from 8-8, true, but unless a deal is in full swing, his work rarely intrudes during weekends. Vacations, however, often have a smattering of conference calls, and his Blackberry is never far away.

My dad's business was contracting 24 hour security services to companies, mainly factories etc. As someone else said though he had to work very, very hard; usually 14 hour days and only really used to take Sunday's off, where he would spend a few hours 'doing his books' before they went to the accountant. We used to take a 3 week foreign holiday every summer and that was the only time he would completely switch off. We wanted for nothing but I'd say I only really developed a great relationship with my dad once he had retired (luckily he retired at 60, so fairly young) that was when he really had the time to devote to me. I have a great relationship with my parents now and see them a few times a week with my own children.