Young High Earners

myothercarisaferrari

Which HYE wants to marry me then?
I'm a cougar and like spending money

Batchy

Well done OP, i think your on the road to a financially comfortable life.

Its is important to maximise your earnings, doing good things is great when your doing voluntary work, but when you retire, your good caring nature WILL NOT pay the bills! Savings or a good pension will. Your only going to work 50% of your lifetime, potentially.
If your comfortable on 20k now, then its a good idea to make sure you have that kind of level when you retire.

Personally I think up to your 30 yo earning your age in k's (in this day and age is pretty good) however, due to the current economic climate I wouldn't be surprise if you didn't see this grow too much in the not too distant future.

I am 32 yo, I am happy with my 40k salary, but even happier with 4k worth of bonus's on top, 6k worth of penison contributions by employer on top and another 2k worth of extra's insurances, medicals and health care and another 4k worth of additional training costs this year that will significantly improve my CV going forward. If I was to leave, and work for SALARY only, i'd be looking for in the region of 56k + with SECURE employment being the top priority, so a financially stable institution. I work 9-5 strictly and get up after 8 and am home for 5.05. Life doesnt get much better! my best friend, exactly the same back ground, given the same chances and opportunities to me, is NOW as of this year earning 110k, however, he works 7 days a week, and over 14 hours a day week days, and plenty at weekends. He is concentrating on paying off his mortgage so he can work less ASAP... but I think he loves work so dont think he will change what he does, I just hope he can continue to cope with it, he can get some MAJOR pressures.

Its horses for courses, we are both happy even thou he more than doubles my salary, but if I got paid for overtime, and required to work the hours he does, we'd earn roughly the same!

He'd accept less pay for less hours if it was available to him, but it doesnt come with the territory. He has to do it, or LEAVE.

Good luck, PS, im in finance... and working in industry. :-)

Batchy

Just to add... as my work is 9 start I can drop the lad off at school, before I go, I get to eat dinner with him each evening, my partner also works, and very hard too.

If there was a picture perfect life this is it.

Unfortunately, its beeen a rough ride getting here, including when training, only earning 9k per annum (took a pay cut at the time), which was hard work to survive on, and run a flat, with over 150 per week fuel costs, etc. But I got here just fine in the end, and would do it all again if necessary. I had a shakey year last year for various reasons, and being too worried about the economy, but this year, I feel great.

[Deleted User]

Damn, i need to get into finance.. Working in healthcare IT doesn't seem to be paying its just rewards. I've just clocked up 13hrs of overtime in the last 2 days (and most likely will be doing another 2-3 today) with no extra pay...

I've always wondered how an analytical, numberate person can jump to finance from another industry.

Oh well, at least its better pay than my old career (once was an academic genetics research fellow)! Science is for chumps in the UK

donquine

ringo_24601 wrote: »

Damn, i need to get into finance.. Working in healthcare IT doesn't seem to be paying its just rewards. I've just clocked up 13hrs of overtime in the last 2 days (and most likely will be doing another 2-3 today) with no extra pay...

I've always wondered how an analytical, numberate person can jump to finance from another industry.

If you have good GSCEs, A-Levels and a good undergrad degree, very easily. Regardless of which subjects you studied. Age doesn't tend to be an issue in accountancy either, so changing career at a late stage shouldn't hold any barriers.

However, unpaid overtime is the norm in accountancy, so you may not like it after all...

[Deleted User]

donquine wrote: »

If you have good GSCEs, A-Levels and a good undergrad degree, very easily. Regardless of which subjects you studied. Age doesn't tend to be an issue in accountancy either, so changing career at a late stage shouldn't hold any barriers.

However, unpaid overtime is the norm in accountancy, so you may not like it after all...

Well, i've got an MSc in complicated sciency things.. only 'CV' blip is my desmond degree (1% off a 2:1.. doh). I can't see myself in accountancy.. i like IT, even if its the non-technical management/project side of it. Anyway, this is just a whinge as i don't want to join a conference call for work in 45 minutes. I do like my job though, just wished it paid 50k .. the irony is that a few years ago, i knew people doing the same work as contractors for £400+ a day, and there are parts of the world where i'd get £700 a day as a contractor (and it would be tax free); sadly not the UK.

I think its ironic i would earn a little bit more if i moved to the NHS (and get paid overtime).. it's just the payrises are paltry outside of 'industry'

Inketa

I'm 26 and Director for a facilities company based in London.
Inc my bonus I average about £85K Per year.

That been said I have lost more along the way getting here, than I have gained.

woody01

myothercarisaferrari wrote: »

Which HYE wants to marry me then?
I'm a cougar and like spending money

I'm game.....:D

Casanova

I will add my two-penneth whilst also trying to avoid boastfulness. I've just turned 25 and am on just under £30k as an engineer (not in London) - I know this is a lot of money, and I consider myself extremely lucky. I am doing what is pretty much my dream job, working 4.5 days a week, with an unstressed atmosphere 95% of the time. For this I am also extremely lucky and grateful. It's not all down to luck, of course - it took plenty of hard work and networking (and a certain level of ability) to get myself in a position to be able to do this job, but it took a lucky break to actually get here.

I feel pretty secure in my job at the moment (I survived a large swathe of job cuts just after arriving) but nothing lasts forever, and I appreciate that I may not always be in such a fortunate position - all the more reason to enjoy it while it lasts, and simultaneously keep a money-saving attitude.

I am still paying off a lot of debts from a few hard times before I landed this job. I resolved when I got it, that just because my income was greater didn't mean I should be any less careful with my money, than I had had to be when I was really struggling. I can afford a slightly more indulgent lifestyle now, but I still try to get the most value from every pound I spend.

Lastly, I'll add that I am not someone overly driven by money - I don't have a 5-year promotion plan or anything. I simply believe in doing my job the best I can, learning all the time, and success will come from there. My ex is 24 and on about £25k as a junior lawyer, but she has an extremely stressful environment, an incredibly abusive employer, and works silly hours. She carries on because for her, it is all about money - I am sure she will be out-earning me in no time, but I will be happier

MoneySavingUser

leeds_lad wrote: »

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this is a tip?