High earners - how do you spend your salary?

[Citygirly]

DH and I earn just under £140k combined.

We do maximum pension payments (his is 9% as NHS) and we also give about 10% a month to charity.

Other than that, we plan to start overpaying the mortgage. We invest £1k a month (so £500 each) and save £1k for holidays. We of course do general/specific savings but then have a good chunk left over for disposable income.

AIBU to ask other high earning households how they tend to allocate their money? Just want to see if we could be using it better or this is about right for comparables.

The global recession is being caused by a pandemic and an unjust war. Ramping up the cost of living and thwarting globalisation upon which we have come to rely for cheap commodities.

Not investment bankers.

I can assure you that butchers, bakers, candlestick makers and all manner of professions have men capable of sexual harassment and physical abuse.

As for Columbia’s economy, I can’t speak for this as I don’t have a vested interest in the drug trade. Perhaps you know better than I.

@Robinni

The global recession of 2010 that was most definitely caused by investment bankers?

When the state literally had to bail out banks?

I dont need to have a vested interested in the drug trade to know that coke is the drug of choice of traders

Its fairly common pop culture knowledge

But you seem to have missed the point of my post in your rush to try to offend

@Topgub what exactly are you trained in, other than stirring up a hornets nest, that gives you the ability to make these proclamations?

Minimum wage has risen substantially and caution has to be exercised - particularly at the moment as to raise wages you’re just going to stoke inflation. Then nobody is happy as they’re paying 15% interest on a mortgage and potentially very many people homeless.

You cannot compare the skill it takes to clean a toilet with the skill and intelligence required to manage complex accounting for example.

Arguably we should be moving towards a doughnut economics such as the Netherlands to be more environmentally sustainable.

@Robinni

You cannot compare the skill it takes to clean a toilet with the skill and intelligence required to manage complex accounting for example

I havent.

Nothing I've said contradicts doughnut economics either

Having overly inflated higher earners does though

@Topgub

Plainly, the only person who is ripping you off is yourself.

You clearly want to have a better wage and position in life. But are unprepared to acknowledge wage structures such as they are to work towards a better future for yourself.

If you want more money, train towards something that will provide it rather than attacking the world and all with preconceived prejudices notions.

Ps if you thought the last global recession was bad with the investment bankers you ought to buckle in….

@Robinni

I have a diploma and a degree and 20 years training in health care but the ability to stir up a hornets nest is entirely self taught.

Always easier to do when people are defensive and don't really have a counter argument

@Robinni

Keep reading

I dont need a better position in life. I dont need more money.

That is not the same as knowing my role is worth more than its able to earn.

As you say, if I really wanted more money I could easily retrain and make more money

And yes, I know that capitalism has fucked itself the planet and everyone on it.

Its not me who is defending it. I'm sure though the 1% will scrape through the impending crisis.

And will continue to justify needing to keep 99 % of the resources

@Topgub

And several chips on your shoulder.

A vendetta against high earners.

And excess of time to dedicate to replying instantly to a thread.

If you want to have more money for what you do then you should have done postgrad. Or changed tack. Completely within your control 🤷‍♀️

@Robinni

No chips, no vendettas. I'm not jealous, I'm not bitter. Just opinions that are as valid as any other.

Excess time?

Well you've been commenting as much as me so maybe we both do?

I work shifts. My kids are at school.

But again with the personal remarks rather than counter arguments

@Topgub I’m off with covid… bit bored, as already stated.

I have been through several operations. Some major and I am highly indebted to nurses. Several close friends are nurses.

However I discounted it as a career pathway as I knew the reality of the wage and that opportunities for progression were highly competitive.

There is nothing to deny the worth of nurses to society. But to come on a thread - the subject matter of which is money management for high earners - and start ranting about it, seems strange..

Would starting your own thread not be more purposeful?

@Robinni

I haven't ranted.

And as I said before it was another slightly off topic comment I initially replied to.

There's nothing in the rules to say that it has to stick 100% to the op, is there?

Why arent you asking others why their not sticking to the op?

As I've said before I'm not replying to myself. People are asking questions, I'm replying. No point starting my own thread when this one is active

Not that I need to justify my comments to you. Youre not the boss. Or maybe you're like the op who wants a private higher earners corner?

I didnt discount nursing because making money isn't a motivator. That is irrelevant to what the role is actually worth in comparison to other higher earning roles

Of course you are champ. You keep telling yourself that. Probably making love with your partner every night too and your children really respect you.

@SlightlyGeordieJohn

Not every night but he's bandy legged after thats for sure.

And my teenage ds called me an arsehole the other week so can't win em all I guess.

@SlightlyGeordieJohn

I'm not sure those words mean what you think they do.

Are you trying to say I'm right and you're getting annoyed because you can't prove me wrong?

Imagine thinking having more money than other people makes you better.

Cringe

Pension
Savings
Children's savings
Over paying the mortgage
Cash buying big purchases like cars
Holidays

No, you aren’t right, but you do seem to think that the job that you do makes you better than other people. You have a rather higher opinion of yourself than your posts on here suggest is deserved.

@SlightlyGeordieJohn

Ummm. I havent treated anyone like anything

🤷‍♀️

I havent been personal or rude. I havent said I'm better than anyone (because of my job or otherwise)

You on the other hand...

@Robinni

Oh behave

I havent behaved like anything and my (absolutely valid ) points on a forum have little to do with my professionalism.

If you could quote where I've been hateful that would be great

Interesting that you dont think your own comments are rude or those of others who have been really disparaging about lower earners

SlightlyGeordieJohn
haha give it a rest, iv read your past posts on this thread and you clearly think yourself a cut above others. Christ pot kettle comes to mind!

@Topgub you’ve had a few posts deleted for a start… I’m sure you can reread your posts and reflect.