175k salary and all gone

[175allgone]

This will ruffle some feathers, but after tax, mortgage , childcare, living expenses….there doesn’t seem much left. SE London, commuting, wrap around care. Whilst I appreciate I’m not having to watch my bills I’m hardly living an extravagant lifestyle.

Can you stop with the silly patronising 'dear'.

You are making some very odd statements.

Are you simply jealous? If you have so many qualifications, what's stopped you being a high earner? Do tell.

Would you like to earn more but can't (for whatever reason...)?

People who are rich worked for it...

well, yes, most have unless they are the landed gentry or inherited enough not to work much.

I haven't followed this thread for all it's time but why is sort degrading shit trotted out almost always by parents . You know this makes you an awful person right? to trot out the most degrading shit a human being could say about a another human being . Who is most likely at the end of their life and there is you ready with your insults .It's probably the least human thing you could say to someone at the end of their life .

If you're definitely not going to need nursing care, that's great. If you find you do, or if you perhaps need a medic in a specialism that your children don't have amongst them, you are likely to find yourself relying upon and benefitting from the children of other people. Are you and/or your children also going to grow all the food you're going to be eating? Will you and they ensure you have energy security? Is your family actually fully self-reliant? Or, do you think you might actually need to rely on some form of economic activity that extends wider than you and your own offspring?

I think it’s a sign a thread is done when the antinatalists make an appearance.

Just because one parent works part time, it doesn't mean the family aren't net contributors.🙄

The majority of people who have reams of academic qualifications don't earn much money. Being a high earner generally means being part of a certain club, or group of people, who will let you have those highly-paid positions. Or cronyism, to put it plainly.

£4k childcare?! Get a live in nanny or something that's way too much!

@175allgone your childcare costs are shocking. You'll just have to suck it up for now. Think how rich you'll feel when they're both at school.

I just stopped working until the youngest started school because nursery costs were ridiculous.

I wasn't the person who brought up the subject of arse-wiping.

10 years ago I was paying £3k for 2 kids in full time nursery so £4k today sounds about right.

What's not right is the OP said they're in Sout London then later said they're in Islington which is North London. So something there isn't true about the original post.

I don't think yabu because lack of resources are everywhere, there are lots of people who are 'working poor,' I know this is not your situation but I get it.
I'd still review the childcare though that would hurt giving that away every month!

I’m not sure you’re making much sense tbh

Is that the job you would like your children to do?

This is such a tired, lazy argument.

If you say so, but pretending to be confused isn't going to change anything. Your boyfriend Rishi Sunak will be out of office in 6 week's time.

There is so much wrong with the way you think that I’ll have to limit myself to tackling just two important points.

The first is that those on the lowest incomes who most need state welfare of various kinds do not have the luxury of striving for a “career” and additional “earning potential”. They live hand to mouth, in whatever job they can scrabble to find. Sometime multiple jobs. Some of them can’t work at all due to illness, disability, or mental incapacity of some kind. The idea of striving for a career is an entirely middle class conceit, one that instantly marks out someone categorically wealthier and luckier than the strata of society that props up the daily lives (supermarkets, hospitals, roads, parks, councils, waste, water) of the rest of society. If they suddenly had the luxury of choice that you do, all of that would collapse and you’d be dragging your own green bins to the dump and wiping your own arse in hospital. I doubt you’d like that, so throw them some respect and empathy and understanding. Invisible hands (and sometimes very visible hand that those of the people I strongly suspect you consistently vote for) have shaped their lives and opportunities. And society closes off the rest.

Secondly, I can’t understand why the higher earners don’t understand that the higher tax thresholds don’t take ALL their extra money, just a percentage of it. So there’s absolutely nothing stopping them from being incentivised to earn more, or work more, because THEY STILL TAKE HOME MORE MONEY. Only the most churlish and intrinsically sad and angry decide not to further their own - already blessed by so many invisible advantages - careers, just to somehow spite any of those more deserving from benefiting from a few more of their measly pennies.

Those who earn more, EARN MORE. They can and should contribute more, too.

Oh I don't know who it was , I said I wasn't watching that closely But It's just something i had noticed on MN .

It's a bit of an eye opener that high earners think moaning about not feeling rich enough and generally insulting the intelligence and work ethics of those who work hard for a lot less money is a good way of persuading people that high earners should pay lower taxes.

Oh dear

Good luck with life

But no those posts earlier didn’t make sense

The posts made perfect sense and it's not for you to say to anyone "good luck with life." You are just being rude.

And your posts are pleasant at this point?

You’re lashing out at whoever, it’s not really helping

Not in my case.

And for the avoidance of doubt, Im
proud to pay the tax that I do and wouldn’t change it.

But I do resent the suggestion that (i) my taxes are only for my benefit (wtf) and (ii) that I shouldn’t use or be entitled to better value childcare because my kids are my own responsibility.

You’re right OP, you’ll notice a lot of schools are closing because many young families just can’t afford to live in London and raise a family.

a friend’s daughter who’s 26, on £80k has just quit her job and us moving to Norfolk with her BF.

Shes got nothing left at the end of the month after rent, bills, travel and food cost.

People find it unbelievable that that sort of salary wouldn’t be enough and yet it isn’t.

It’s not because she’s not being careful it’s because the the rent got so high now it swallows most of the earnings, even for a small place.

She was tired if having nothing left at the end of the month and not saving enough to buy a house. Impossible in London too.

I LOVE these threads because they out people like you, who I find hilarious, like a Fast Show character.

Then I despise them, because they out people like who, and make me realise that you are actually out there somewhere, thinking the way you think and all the ripple effects that has on the rest of us, and voting the way you will inevitably vote, which has catastrophic effects for the rest of us.

Do you honestly truly think that anyone not a high earner just hasn’t tried hard enough to be one? What on earth would you do if all the teachers and road maintenance teams and hospital porters all suddenly “worked hard” and became bankers and lawyers instead?

Sobering stuff. I guess money can’t buy emotional intellect, financial nous, or pure basic empathy and decency. Ho hum.

You are completely correct that low earners are topped up so highly that they have incomes equivalent to that of a high earner.

The sums put up by a previous poster that an income of £175k a year reduces down to 95k after taxes stunned me. My dp works full time Mon-Fri and I work 2 full time days on the weekend. We earn 33k between us before tax. We don't use childcare as we work opposing days. We receive 60k a year in benefits so are just as well off as the OP despite working no where near as hard as she does. I suggest she leaves her job and joins the low earners club!

So nice to meet you. I'm so pleased my posts amused you - in fact were hilarious.

I don't have the time or the inclination to reply and my post was for someone else anyway, answering her posts and trying to get to the root of her bile that she's spitting out.

Yours covers other things. And you're putting words into my mouth.

Enjoy the rest of your evening.