The Student Room Group

What income do I need for this sort of lifestyle?

-wife and three kids
- £800000 house in nice London suburb
- holiday apartment in Portugal worth £400000
- another home in London worth £400000 for my parents to retire in but will rent it to someone before they retire
- a
- children go to a good state school
- extracurricular activities like music lessons for my kids
- a good sized pension to live comfortably on, not too fancy
-
Assuming that both me and my wife work in professional jobs, what income would we need to pull in after tax to live this sorta life
(edited 7 years ago)
Unles you're a millionaire, keep dreaming
Original post by biglad2k16
-wife and three kids
- £800000 house in nice London suburb
- holiday apartment in Portugal worth £400000
- another home in London worth £400000 for my parents to retire in but will rent it to someone before they retire
- a
- children go to a good state school
- extracurricular activities like music lessons for my kids
- a good sized pension to live comfortably on, not too fancy
-
Assuming that both me and my wife work in professional jobs, what income would we need to pull in after tax to live this sorta life


20k a yr McDonald's

Posted from TSR Mobile
It's a stupid question because once you have the assets, your outflows would be fairly low.
Reply 4
Jobseekers allowance will be enough
Original post by biglad2k16
-wife and three kids
- £800000 house in nice London suburb
- holiday apartment in Portugal worth £400000
- another home in London worth £400000 for my parents to retire in but will rent it to someone before they retire
- a
- children go to a good state school
- extracurricular activities like music lessons for my kids
- a good sized pension to live comfortably on, not too fancy
-
Assuming that both me and my wife work in professional jobs, what income would we need to pull in after tax to live this sorta life


Why are you asking a forum full of poor students this?
Lol, go spend the first 40-60 years of your life obtaining all those and then hit 60 and think wow, I have all this, now I have the worst years of my life to enjoy them!

Unless you're incredibly lucky or born very rich/come into wealth, you will not be able to "work" towards that.

Be more realistic or you'll end up very unhappy/disappointed.

I have colleagues pulling in over 100K+ bonuses and they don't have 1/4 of that.
(edited 7 years ago)
Reply 7
why would you spend 400,000 on a holiday home in Portugal ? My parents have one in Portugal and they paid less than half for that
Original post by biglad2k16
-wife and three kids
- £800000 house in nice London suburb
- holiday apartment in Portugal worth £400000
- another home in London worth £400000 for my parents to retire in but will rent it to someone before they retire
- a
- children go to a good state school
- extracurricular activities like music lessons for my kids
- a good sized pension to live comfortably on, not too fancy
-
Assuming that both me and my wife work in professional jobs, what income would we need to pull in after tax to live this sorta life


ffs why do you think you'll ever be able to afford an 800k house and two 400k alt. acommodations? how old are you? 13?
Depends on how old you are. Just in housing, you have 1.6 million in assets. What are you assuming the upkeep annually on those will be?

What is 'Comfortable'? Do you want to travel? Will you vacation? Or are you just going to live subsistently?
Original post by biglad2k16
-wife and three kids
- £800000 house in nice London suburb
- holiday apartment in Portugal worth £400000
- another home in London worth £400000 for my parents to retire in but will rent it to someone before they retire
- a
- children go to a good state school
- extracurricular activities like music lessons for my kids
- a good sized pension to live comfortably on, not too fancy
-
Assuming that both me and my wife work in professional jobs, what income would we need to pull in after tax to live this sorta life


Original post by biglad2k16
-wife and three kids
- £800000 house in nice London suburb
- holiday apartment in Portugal worth £400000
- another home in London worth £400000 for my parents to retire in but will rent it to someone before they retire
- a
- children go to a good state school
- extracurricular activities like music lessons for my kids
- a good sized pension to live comfortably on, not too fancy
-
Assuming that both me and my wife work in professional jobs, what income would we need to pull in after tax to live this sorta life


Why don't you people put commas in your numbers yeesh?

I'd imagine family income of £300k+ after tax.


Posted from TSR Mobile
Original post by Princepieman
Why don't you people put commas in your numbers yeesh?

I'd imagine family income of £300k+ after tax.


Posted from TSR Mobile

Tbh a lot of people with incomes under that have two homes.
Original post by swervybang
Tbh a lot of people with incomes under that have two homes.


Not with the values op gave

Posted from TSR Mobile

Quick Reply

Latest

Trending

Trending