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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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Original poster

Aibu how did you get rich and successful

97 replies

Cupcakeicecream · 01/07/2019 17:57

Basically I want to just start again. I want to do something with my life that will give me a very good standard of living basically a career that I can work my way up the ladder and get richer as I do. So if you how did you get rich and what has enabled you to do? What career enabled you to dothis.

OP posts:

IncognitaIgnorama · 01/07/2019 17:59

I believe marriage to a wealthy man is usually a good start...

WalnutCabinet · 01/07/2019 18:02

Define rich and define successful

WalnutCabinet · 01/07/2019 18:02

I believe marriage to a wealthy man is usually a good start...

the oldest profession a they say. Sex for money

Littlehouse156 · 01/07/2019 18:05

Sales can be financially rewarding. My brother went from earning £20k a year to over £100k by changing career. It’s a ruthless game though.

Original poster

Cupcakeicecream · 01/07/2019 18:06

A career that let's you earn say over 100,000 a year or 150,000 . multiple trips abroad a year weekends away kids in private school. What career was it academics a professor maybe banking finance. What career or university course made it possible or what earns the big bucks.

OP posts:

ChampagneCommunist · 01/07/2019 18:11

Lawyers can earn that, but not generally by going in as a late entrant to the profession and you would need to be in a very decent firm and be prepared to work all hours, especially while you are a trainee and newly qualified (earning a pittance)

Wearywithteens · 01/07/2019 18:11

This reply has been withdrawn

This has been withdrawn at the poster's request.

PumpkinPie2016 · 01/07/2019 18:13

It's possible to be very comfortable on a lesser salary though.

DH (now self employed - part time) and I have never been massive earners. I am a teacher and DH was too before he left for health reasons.

I have taken two promotions in recent years and earn around 38k (I'm not in senior leadership yet!). DH was on around 36K before he left. The promotions have been down to sheer hard work and I don't think there is any subsitute for that really.

We have saved well and compromised on more modest holidays/cars for a few years to do so. This means that we now have very substantial savings.

So, in short, hard work and good saving worked for us.

costacoffeecup · 01/07/2019 18:16

I doubt there are many academics earning that unless I'm completely out of touch!

A good salary like that these days doesn't make you rich - assets do. Really there are few people who will go through uni now and feel rich as they'll be paying so much for housing etc even if they get that amazing job. My parents' generation in my family/in laws all have loads to spare after average careers but their property made them rich, millionaires in some cases. I think we earn about five times what my parents earned but we'll never have as much to spare as they do now.

nellyfur · 01/07/2019 18:16

Finance, will be on >£100k before 30. Standard in the industry but started at 21 on £27k

SunStruck · 01/07/2019 18:17

Sales. I earned 100-180k a year when I lived back in the UK, and have now moved to a tax free country (still working obviously and earning well).

It is very, very tough though, it's not a 9-5 job and you constantly have to perform and hit KPI:s or you might lose your job if underperforming for too long.

When the market is good it's good, when the market is bad it's really bad!

I wouldn't recommend it really if you're not in the young and carefree age - Now I managed to buy a property in London which I'm proud of, but am really rethinking my career now when I want to start a family.

SunStruck · 01/07/2019 18:18

Oh I forgot to say, you don't need a degree for sales (I have it though, but it feels like a waste with my career).

LauderSyme · 01/07/2019 18:19

I didn't but if you find out please share your secret!

On a more serious note, I don't think academics generally get very rich. Investment bankers definitely can do, and people high up the corporate ladder, the odd entrepreneur and the odd talented (and lucky) individual.

mimibunz · 01/07/2019 18:21

How old are you and what part of the country do you live in?

NameChangeNugget · 01/07/2019 18:22

@nellyfur sounds like me 30 years ago.

75+ hour weeks and lots of sacrifices however, was able to go (very) part time at 50 and my personal pension pot didn’t take too much of a bartering

HugItOutSon · 01/07/2019 18:23

For us it's been DPs business. He made around 100k last year from it (engineering) but it's been ruthless getting it to that point, extremely long hours, working 7 days a week and all the other stresses that come with being self employed!

PawsForPizza · 01/07/2019 18:23

Is £100k enough for multiple kids in private school at £18k per year?

NeatFreakMama · 01/07/2019 18:24

Went into IT and moved up to COO. Started as an intern on 16k per year

NEtoN10 · 01/07/2019 18:24

Lots of growth in tech industry. I work in marketing in this sector and was on well over 100k at 28. You need to be a good writer, strong creative, organised and analytical. But there are other jobs in tech like customer support which can be lucrative eventually. It's an industry that makes lots of money and is always growing

Davros · 01/07/2019 18:25

Be an entrepreneur - take risks, make sacrifices - then sell big
Or work in the City

WalnutCabinet · 01/07/2019 18:25

The Daily Mail are scum
Accountant
Teacher
The Daily Mail are scum
Both had degrees from a decent uni and then did a professional postgrad qualification. Teacher retrained in late 20s after another initial career (took a 50% pay drop) . Always worked- I went back at under 3 months with each of my 3 children- paid leave was 12 weeks then. Childcare was more than my salary but saw as a joint cost and it didn't stall my career path.
The Daily Mail are scum
Accountant now earns £180,000 basic and best year with bonus/share sale was closer to £500,000.
The Daily Mail are scum
Teacher now earns £125,000+

Were well off from mid 30s but really become well off once children left home and could travel more for work etc. Both work long hours- probably a bit less now but never really less than 70 hours a week with basic travelling. Never done 9-5 in any job.

Teacher from middle class family and accountant from working class family (they would probably say lower middle class now but 1st person in family to go to Uni etc).

The Daily Mail are scum

fancynancyclancy · 01/07/2019 18:25

The richest people I know are in the tech sector.

costacoffeecup is right though, very hard to do it on income alone these days. If I’d managed to have a bought a property a few yrs earlier (not bothered with uni) & done the same steps as I have I would have at least 1m in equity!

HugItOutSon · 01/07/2019 18:26

Is £100k enough for multiple kids in private school at £18k per year?

Probably not for more than 2. I think you could manage 2 though, you'd still have an income of 60k a year after school fees and whatever your partner earns (if they do). Maybe not enough to live the top end of the high life but enough to be comfortable I'd have thought.

fernandoanddenise · 01/07/2019 18:26

Depending on where you live and how many kids you have you’ll need more than 150k for holidays and private schooling. We bring home more than that and no way could we afford private school (missing the point slightly,..!) anyway - finance? Consulting? Become a broker - they earn a shit load.

f83mx · 01/07/2019 18:26

Genuinely interested.... what things are people selling to earn over 100k Mark.... ?

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