..to struggle to comprehend huge salaries?

[missbunnyrabbit]

I was reading the thread about how much people earn having been to grammar/private schools and I just cannot get my head around how much lots of people earn. My head just cannot imagine such huge salaries. People earning over 100k, what on earth do they even do with that money? Do they buy everything gold-plated? That's a joke BUT I have no idea what anyone does with that sort of money or what it could be needed for. This isn't a bashing thread or anything like that. I'm just a bit stunned.

Does anyone else's brain struggle to imagine such huge amounts of money?

[quote ShrikeAttack]@Newnews, I said we're not 'super' rich.

We're ok. Very affluent.

We're not super-rich though.[/quote]
Come on, it doesn't just make your life 'a bit easier' - I would say it makes your life a hell of a lot easier!

[quote ShrikeAttack]@ThatsNotMyReindeer. No. No typo.[/quote]
But you're not rich...

Do you comprehend that your monthly take home pay (not even before tax and deductions) is £5k a month more than the UK average annual salary?

@jjj321

As for buying things gold plated, I still shop in places like the pound shop and like to buy clothes in the sales where possible. I also shop around for things like car and home insurance, utilities etc. My toiletries are whatever's on offer at Tesco or samples from hotels. I also buy stuff secondhand. I'd hate the thought of buying expensive handbags and things like that, but each to their own.

If you can afford to buy products that are more eco friendly and sustainable you should feel bad for buying shite from Tesco and the pound shop. Green shopping is a privilege rich people have yet you choose not to?

This thread is really bloody depressing. Anyone else also work ridiculous hours for under 30k a year and struggling to get by despite working really bloody hard? Might start my own thread.

God this thread is infuriating and depressing!

I earn less than 20k a year. Full time working doing a bloody important job.
I will never be able to buy a house
I will never be financially secure
I will never have kids as a result
I will never be able to earn much more than I currently do.
I am fucking trapped in a situation that greedy bastards like some posters on this thread.
Nobody deserves a salary of 30k a month.

Going to hide this thread now before it affects my mental health!

Ffs!

Oh and his cat eats pretty well and has a lot of toys and fluffy beds. He bought him a big cat tree a wee while back and asked me to help him choose it.

He took in a stray at the beginning of the first lockdown. It gets a packet of sliced roast chicken from the supermarket once a week and high quality food generally.

I accept it's an income that is higher than the majority of people.

It's affluent, not super-rich.

A lot of it ends up in mortgages and school fees. Not fun stuff.

@ShrikeAttack

I accept it's an income that is higher than the majority of people.

It's affluent, not super-rich.

Just stop, please.

@Libertaire

You do realise that the government takes 40% of everything you earn over £50k in income tax, and that a gross salary of £100k equates to take-home pay of around £5500 per month, don’t you?

That’s a decent salary, particularly if your other half also works and you don’t live in London, but it’s by no means rich.

This is so tone deaf and a bit patronising.

There are families who's combined monthly income is less than £3000 a month. And when you deduct rent (which is generally disproportionate compared to a mortgage repayment) and very basic living costs, the disposable income is quite literally zero. Nothing extra to save or splurge. The notion that there are people who alone are earning £5500 a month is unfathomable. To suggest that it isn't rich is insulting.

@Dobbyafreeelf, it's not a salary & we don't deserve it. I don't think for one minute we deserve our income any more than anyone else.

Our income is a fact as a result of our industry rather than any moral or societal beneficence.

I'm not going to wang on about 'we work hard for our money',

There are families who's combined monthly income is less than £3000 a month. And when you deduct rent (which is generally disproportionate compared to a mortgage repayment) and very basic living costs, the disposable income is quite literally zero. Nothing extra to save or splurge. The notion that there are people who alone are earning £5500 a month is unfathomable

Unfathomable? Really? Why? Some jobs pay more than others

@Libertaire

You do realise that the government takes 40% of everything you earn over £50k in income tax, and that a gross salary of £100k equates to take-home pay of around £5500 per month, don’t you?

That’s a decent salary, particularly if your other half also works and you don’t live in London, but it’s by no means rich.

I earn a similar amount, it puts me in the top 5% of earners, I would definitely consider it a ‘rich’ income and I live in Z1.

Are you attempting to suggest that £5,50

Ah, posted too soon. @Libertaire are you trying to suggest that £5,500 a month isn’t a lot of money?

Oh and he paid off his sister’s credit card debts a few years ago. He said he could either give it to her a gift but she couldn’t ask again or she could pay back in instalments and he’d help her out again in the future. She chose the latter.

He is also aware his mum might need help in the next few years as she’s getting on, either a cleaner/home help or sheltered housing/nursing home. He’ll pay for that amd has a savings pot for it started. He also has a life insurance policy that will pay out to his mum if he dies before she does, specifically so she’d still get that help.

@ShrikeAttack

I'm not going to wang on about 'we work hard for our money',

Don't you dare! Dang you bloody dare suggest that you work hard for that income. You don't work harder than the millions who are trapped in poverty. Who work every hour god sends and it still isn't enough! I hope your ashamed of yourself

You tend to buy more expensive items rather than the cheapest in terms of homes, furniture, holidays etc.

We plough a lot into pensions and expect to retire early. Also life and critical illness insurance.

The best part is not worrying about money if something breaks in the house.

@Dobbyafreeelf, no, you misunderstand me. I would never say that. That was my point I would never say 'we work hard for our money'.

Compared to the majority of people, we don't. We have a very easy life.

I wish everyone could live as easily. I do not think myself superior or more hard-working. I'm a lazy bugger. Just lucky, from birth. I want my children to know how lucky they are. I do not want them to feel entitled to a nice life just because they've had one. I try to make them understand that their way of living isn't typical.

And I want them to forge their own way.

Muting this thread for my own mental health I suggest others do the same!

These threads never do end well. Higher income here - yes more choices re what is spent and accept that is a privilege to be able to do so.

I'm a twat aren't I?

When I hear what people spend monthly on things like paid after school activities (something we could never afford, we only in the last few years could afford to start swimming lessons with the kids in the local pool and I was in shock that anyone could afford it!) and private school fees I guess thats where a lot of it goes, also higher mortgages. Plus yes, they're taxed on it.

We work tax free and have free housing and utilities. Combined we bring just over 10k a month. We are very lucky but it's a borrowed life and sadly won't go on forever. Our main aim at the moment is to save enough money to pay for our Healthcare for if we have to live in the UK so the NHS can't kill us. That's about 500k. Apart from that we invest in companies we believe in and spend a lot on just being alive, if we want something we buy it. We go out a lot and have silly cars and lovely holidays. Life is too short

I work doing payroll in a company that has lots of high earners, and I know a lot of them personally. Most of them are quite frugal and pay a lot into their pensions. I know their addresses too and few of them even live in particularly fancy houses. If they are female, they are middle aged and single. If they are male, they often have a sahm wife and a huge family. Funny that...