How much money have you saved?

25 - 100k+

tip: don't invest in a pension.

tip: don't invest in a pension.

25 - 100k+

tip: don't invest in a pension.

So true considering how many people go way too soon nowadays I think I will be lucky to see 65. Too many people nowadays I know have hit 55 already and their health has already deteriorated so poorly. Not to mention the government who will probably change pension rules in the future which means those who put in could suffer. The future no one knows

Average life expectancy continues to increase, that's poor logic.

While i'd want more control over my pension investment the tax benefits make it pretty worthwhile.

Age: 21

Savings: £48K

How/Tips:
I've been working full time since I was 17 and I've also earned a lot from matched betting.
I have completely sacrificed my social life, rarely go out which allows me to save more money. Keep my outgoings to a minimum. I love at home and don't pay rent which has been a massive help! My main three points would be time, investment and sacrifice.
Dont go to uni unless you know exactly what you want to do and that your degree will help you in your chosen career path.
Because I had three years experience of work when my friends finished uni I was on a salary of 27K at the age of 21 whereas my friends who had just graduated are on anything between 18 - 21K.

What do you work as?

Have to admit that my old friends around that age had similar experiences in terms of my friends that never went to university being £5-10k higher by age 22 than the university counterparts.

I'm a recruitment consultant, I have a basic salary plus 50% commission!

I have always wondered what a recruitment consultant does? Also what sort of experience or qualifications do you need?

They place people in jobs. Money is made by charging the company who they're recruiting for a % of the hire's salary for the first year or a flat fee. The more that are placed, the more they make.

The only qualification you need is to be a solid salesperson.

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Oh okay thanks for the clarification how much is the salary basic without bonuses and commissions

It depends on your experience etc. There's no a standard basic salary.
It's normally between 15-25k to begin with. I'm on 27K basic salary, I started on 19K three years ago.
The commission also varies, I get a really good 50% commission but I know others in the industry who have a bigger basic salary (say 30k), but only get 10% commission and so on.

The only down side I've experienced with commission is that it's not counted towards your annual income of you're applying for a mortgage as its not guaranteed money. For instance, I'm on a basic of 27k but I bring home about 40-50k a year but on my mortgage forms I can only say I earn 27k a year. Which kinda sucks!