Discuss your salary

mitchaa

Salary = £60-61k + employer pension contribution of £3.2k (£53k basic, £7-8k in regular OT/callout, £3.2k employer pension contribution)

27, Aircraft engineer (Helicopters O&G)

Sometimes I wish I went another path as my salary will never really be any higher than this bar inflationary unless I go contracting. Had I had my time again, I definitely would have went into a medical profession, although difficult to begin with, 6 figure salaries dont seem to be that hard to achieve given enough time and experience.

I'll only ever make 6 figures through inflation in around 15yrs time or so.

Big mortgage, childcare, expensive cars, my salary doesn't stretch that far to be fair, comfortable, yes, rich or wealthy, haha, not a hope in hell. I watch my pennies just like someone would on 25/50% of my salary.

PasturesNew

mitchaa wrote: »

I watch my pennies just like someone would on 25/50% of my salary.

If you actually did that, you'd still have 50-75% left over :P

ruggedtoast

PasturesNew wrote: »

I can never say how much I earn, because right now I look at my screen and it says: £0.01. So, 9am and today I have earnt 1p. This is a significant increase over when I checked 30 minutes ago and it said £0.00.

The clock starts at 8am I think.

I earn my money online and I have many sources of income, or 'multiple streams of income' as they call it. Most of it residual - that is, I work once and I get paid potentially for weeks/months/years to come, dripping in a few pence here and a few dollars there.

I earn the bulk of it from one source - and therefore spend my days finding other sources, so I am not reliant on that one source. Everything I do is speculative. I do work hoping it'll make it big. I do it 'for fun', rather than competitively (If I purely did it for the money I'd be on more, but chasing the money leads me to dull places).

My main source of regular income is from Google. Whatever is in that account I see as my "take home pay" - and I see all the other incomes as the bits which will pay my overheads (equipment, connection, domain names, hosting) and my taxes.

At times in the past 12 months I've seen it all slipping away from me. One day I woke up and my whole website had just gone, problems with the host - which took me a total of 10 days to get to the bottom of, discuss with the host, find a new host and start again. At times in the past 12 months it's looked like my income this year would be about £10k.

However, I've actually "done some work" in the past two months (rather than researching I was writing and tweaking), which means it currently looks like I'm on £20k. But if I take the rest of the year off this wouldn't drop.

Working online is fickle, you can be earning good money one day - and tomorrow everything could come to a grinding halt.

My website traffic has doubled since last year, but the advertising revenue per item has dropped back, meaning it's not significantly more as an income.

My plan is to double my income by finding more independent sources of income, so if any one stops overnight there's not such a big impact.... I'm getting there slowly.

I work long hours at what I do (15 hours/day, 7 days/week). And I enjoy it. It's like a hobby with pay. I have also won some competitions, which is tax free.

People also pay me to write for them. Not often as I am approached, I don't advertise "Hey - I can write stuff".

I don't "have a business", I make money. I have no clients with expectations, no invoices to issue, no late payers.

Every month without fail Google dump cash into my bank account. Across the month I randomly receive sums of money into Paypal or my account in £s and US$s from other companies.

I'm doing OK.

I can't get a proper job because round here there aren't any - and I'm no good at interviews - and round here pay would be about £14k for a full-time job and the boss would be a slave-driver for that. So I don't bother looking. Sometimes I get calls from agencies and I spend a whole day preparing for interviews etc .... including travel ... and I don't get them. So I stopped bothering. It's an expensive business, going to interviews, and they kind of don't like what I've been doing for the last 3-10 years. They either don't understand it, or think I'd leave quickly, or just don't like the sound of what they don't understand,

I really need more equipment and a desk and a chair ... and a house. But that doesn't look like it's going to happen this year. I've looked at renting places, but it'd mean losing about £750/month (basic rent + basic bills), so not worth wasting the cash.

I read all of that and I still havent got the faintest idea whatever it is that you do.

£32k a year.

silvercar

mitchaa wrote: »

Big mortgage, childcare, expensive cars, my salary doesn't stretch that far to be fair, comfortable, yes, rich or wealthy, haha, not a hope in hell. I watch my pennies just like someone would on 25/50% of my salary.

PasturesNew wrote: »

If you actually did that, you'd still have 50-75% left over :P

But then he/she wouldn't have the big mortgage, childcare, expensive car etc.

Not much point earning decent money if you are going to live a restrictive lifestyle.

GoToGal

£62K but most important to me is I work a short week. Being an IT contractor that is before tax, pension, doesn't include holidays etc.

I was on £30K + bonuses as a permie last year. This year I'm concentrating on formal qualifications and certification. Next year, I aim to be on the talk/training/publishing/consulting circuit.

olly300

housesitter wrote: »

One of the terms in everyones contract where I work is to not discuss salary with other members of staff.
I highly doubt that is at all enforcable.

It's not enforceable since 1st October 2010 due to the Equality Act.

http://www.equalities.gov.uk/equality_act_2010.aspx

olly300

mitchaa wrote: »

Sometimes I wish I went another path as my salary will never really be any higher than this bar inflationary unless I go contracting. Had I had my time again, I definitely would have went into a medical profession, although difficult to begin with, 6 figure salaries dont seem to be that hard to achieve given enough time and experience.

Depends what speciality you go into and a lot depends on luck.

It's now almost impossible to become a Partner in a GP practice , there as if you wanted to become one 5 years ago you could off with ease.

It's also more difficult to get a training position and it's been reported that lots of junior doctors now will never become consultants as there are not enough positions.

Also consultants in some specialities don't earn the 5 figure sums.

Fiddlestick

olly300 wrote: »

It's now almost impossible to become a Partner in a GP practice , there as if you wanted to become one 5 years ago you could off with ease.

That's because everyone wants the plum jobs though.

I'm sure it's far easier to become a partner in a practice in some remote part of Wales or Scotland.

With outcome-based renumeration and all those people to monitor for smoking cessation, alcohol, blood pressure... it must be fairly lucrative.

doire_2

GoToGal wrote: »

£62K but most important to me is I work a short week. Being an IT contractor that is before tax, pension, doesn't include holidays etc.

.

Can i ask what area of IT?

Fiddlestick

doire wrote: »

Can i ask what area of IT?

Could be any number of areas.

Contracting at £250 per diem will pull in £65k over a year, although your take home pay will depend on how you structure your taxes and expenses.