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What would you consider a GOOD wage?

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Comments

  • szam_
    szam_ Posts: 642 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    I earn 25k at 25 and I work in IT, this time last year I was earning 15k and was being asked to spend up to a week at a time in London working from 8am to 4am the next morning on occasion.

    I'm happy with my wage, I'm told we're underpaid in the area I work in, but I worked my ads off for the last 4 year's so I'm happy with what I'm on. All I have is some crap GCSE results too, people I work with have degrees.

    I'll be happy with what I'm on for a few years until I decide to make the leap to developer levels and try my hand at that.
    Professional Data Monkey

  • aileth
    aileth Posts: 2,822 Forumite
    A good wage is a wage on which you cover all your outgoings with a bit left over for extras/savings and in a job that you are HAPPY in!
  • morganedge
    morganedge Posts: 1,320 Forumite
    szam_ wrote: »
    I earn 25k at 25 and I work in IT, this time last year I was earning 15k and was being asked to spend up to a week at a time in London working from 8am to 4am the next morning on occasion.

    I'm happy with my wage, I'm told we're underpaid in the area I work in, but I worked my ads off for the last 4 year's so I'm happy with what I'm on. All I have is some crap GCSE results too, people I work with have degrees.

    I'll be happy with what I'm on for a few years until I decide to make the leap to developer levels and try my hand at that.

    Sounds good. When I began reading your post I was about to ask you what qualifications you have, but you then went on to mention you only have GCSE's/

    What is your job title?
    I've always had very low paid jobs, usually warehouse work.
    I Lost my job a while ago, and really hate the thought of work now, full-stop. I've hated every job i've ever had.

    However, my savings are running out fast and I dont want to sign on, so need to get looking again.

    I'd like an office job really. What is your job title and responsibilites out of interest?

    thanks
  • jkkne
    jkkne Posts: 167 Forumite
    It's all relative.

    I moved to work in Durham for a few years and was on a decent wage, I lived in a big beautiful house in a beautiful city but I wasn't home and I never settled so I wasn't happy.

    I transferred down to London and earn the same yet can barely afford a place a quarter of the size of what I had in Durham but I was happy.

    Then I met a local lass and moved back to Newcastle where I live in a great house in a great area and I'm finally happy.

    Money isn't the be all and end all
  • Denning.
    Denning. Posts: 2,749 Forumite
    fruitedeli wrote: »
    I know a 32 year old barrister who specialises in criminal defence earn slightly less than £16k per anum, and would be very happy to earn £21k. The reality is a lot of people earn much less than lol £35k a year. You even have retail workers surviving at £14k if they're working full-time.

    Either he is training, or he is intentionally taking free gigs or not charging a lot. Barristers are self employed and set their own rates and have a steady stream of customers.
  • When I was earning £28k I thought £30k was a good wage.

    When I was earning £30k I thought £40k was a good wage.

    When I was earning £40k I thought £50k was a good wage.

    When I was earning £50k I thought £60k was a good wage.

    Now I'm earning around £60k about £100k looks like a good wage.

    I'm 29, work from home in finance.
    but are you going to be able to keep working from home and keep that salary. I know just how cushy the life is for home workers, and it's one that's very hard to give up.

    The most effective way to jump to £100k is to go contracting.
  • hcb42
    hcb42 Posts: 5,962 Forumite
    Simon11 wrote: »
    I

    A lot of my friends rate how you are as a salary, but don't look at factors such as hours worked, stress, actual tax home pay - especially once you hit the 40% tax bracket!

    You've not hit 40% then yet, unless the bonuses are tipping you over, even then 60% of something is better than 100% of nothing
  • Nicki
    Nicki Posts: 8,166 Forumite
    Denning. wrote: »
    Either he is training, or he is intentionally taking free gigs or not charging a lot. Barristers are self employed and set their own rates and have a steady stream of customers.

    Most criminal defence barristers particularly juniors do the bulk of their work for legally aided clients and legal aid rates are fixed and non negotiable and a pittance. Being self employed, they also have to cover chambers rent and clerks salaries.

    £16k take home is about right for a middle of the road junior doing this kind of work :(
  • but are you going to be able to keep working from home and keep that salary. I know just how cushy the life is for home workers, and it's one that's very hard to give up.

    The most effective way to jump to £100k is to go contracting.

    SO true.....I went from a job I had been in for over 10 years being underpaid into contracting.

    contracting is good, but you have to have marketable skills. Luckily after 20 years in the IT industry I'm at the top of my a game and have a degree and qualifications to back it up.

    never been happier and for the first time in my life I actually feel secure and building a nice nest egg for the future.

    I say, if you can do it, DO IT :)
  • falko89
    falko89 Posts: 1,687 Forumite
    Hmm i'd be happy with £15K at the min
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