Hey there! Sign in to join this conversationNew here? Join for free
    Offline

    14
    ReputationRep:
    (Original post by peaspod)
    I wouldn't be happy earning 40k, once you have paid all the bills it wouldn't leave much, especially by the time I get to earning that kind of money!
    Are we talking in pounds here?

    I earn less than that, and right now I have plenty of money left after tax, bills, mortgage repayments, etc. However I don't have children and only living in a small flat. I suppose maybe £40k wouldn't seem like so much if I had children to support or if I was living somewhere more expensive like London.

    Either people here generally have very high expectations, or I'm not as materialistic as I thought I was. I honestly don't know what I'd do with the extra money if I earned £40k.
    Offline

    0
    ReputationRep:
    (Original post by Psyk)
    Are we talking in pounds here?

    I earn less than that, and right now I have plenty of money left after tax, bills, mortgage repayments, etc. However I don't have children and only living in a small flat. I suppose maybe £40k wouldn't seem like so much if I had children to support or if I was living somewhere more expensive like London.

    Either people here generally have very high expectations, or I'm not as materialistic as I thought I was. I honestly don't know what I'd do with the extra money if I earned £40k.
    We used to have a household income of 54K, we have 2 children. Both of us were made redundant and now our household income for now is 12K. 20K would be a big improvement never mind 40K. We would definitely have money left over after the bills on 40K.
    Offline

    14
    ReputationRep:
    Possible but not probable.
    You havent even said which career you want which suggests that it isnt important to you, just as long as you earn lots of money.
    Offline

    19
    ReputationRep:
    (Original post by Psyk)
    Are we talking in pounds here?

    I earn less than that, and right now I have plenty of money left after tax, bills, mortgage repayments, etc. However I don't have children and only living in a small flat. I suppose maybe £40k wouldn't seem like so much if I had children to support or if I was living somewhere more expensive like London.

    Either people here generally have very high expectations, or I'm not as materialistic as I thought I was. I honestly don't know what I'd do with the extra money if I earned £40k.
    I believe geographically, your salary would be quite high in comparison... wherever you're at, if 40k a year can suit you perfectly, then it can be considered a high wage.

    I know someone who earns somewhere in the regions of 80k... but almost all of that goes into living costs, cause her area is so damn expensive to live in. So with all the money left over, relatively, you two would be on the same sort of account balance.

    ...Sorry I worded that so badly xD
    Offline

    3
    ReputationRep:
    (Original post by Stressed Eric)
    I'm expecting £180,000 at the peak of my career, with my career path I think its reasonable
    may I ask what career path this is?
    Offline

    2
    ReputationRep:
    (Original post by Dami_O)
    As a doctor it wouldn't be too difficult for you to do much better than that

    Posted from TSR Mobile
    Not too fussed about the wage as long as its enough for me and my family to live comfortably. The scope for doctors is usually £70k+ AFAIK.

    I want to do it because i will enjoy helping others. Even if it was 40/50k I'd still do it
    Offline

    16
    ReputationRep:
    £32k starting salary, rising to 60k by the time i am chartered say 5 years time.
    Offline

    0
    ReputationRep:
    As long as I can live on it without building up debt I'll be happy.
    Offline

    6
    ReputationRep:
    £40,000+
    Offline

    0
    ReputationRep:
    I want to be an Macro Economist or Health Economist for the Government or Private Sector, does anyone know how much they make?
    Offline

    15
    ReputationRep:
    How much do you currently earn?
    Offline

    0
    ReputationRep:
    (Original post by peaspod)
    I'd like to add that I will never have a career as well paid as say consultants/lawyers/finance sector etc. I'm a scientist and we earn crap money and the best I could ever achieve would be 100k but that's the best of best! I will always aim for that but realistically I think I could achieve 50-70k. My friends think I am expecting to much and that 40k is a good wage :/ I live in the South East also, so 40k will not get me anywhere!
    Why focus on salary? As a scientist options are a route to wealth but you have to be v. lucky.
    Offline

    0
    ReputationRep:
    (Original post by sharp910sh)
    £32k starting salary, rising to 60k by the time i am chartered say 5 years time.
    Surveyor?
    Offline

    20
    ReputationRep:
    I'm not particularly materialistic or anything. Having lots of money doesn't really matter that much to me, because I don't really think I'd have anything to spend it on in particular. However, doing well in my career does matter to me. And so I would like as high a salary as possible, because it would be like a measure of how successful I am at my job. A bit like having a high score in Tetris or something.

    I'd hope I could make it to at least £160,000, because that's not too uncommon for people in my career. So if I reached that, it would be indicative of a fairly decent performance level.
    Offline

    16
    ReputationRep:
    I think my current possible career tops out at about 40k after about 15 years of work... Hmm.

    TBH as long as I can afford my own home and support any kids I have without getting into debt, I can cope with a lower salary.
    Offline

    1
    ReputationRep:
    (Original post by precious maro)
    may I ask what career path this is?
    flying carpet salesman
    Offline

    3
    ReputationRep:
    I don't think Ill really care too much. As long as I love my job and have *enough* money coming it. X)
    Offline

    0
    ReputationRep:
    I'm entering teacher training this year, so obviously wages don't bother me hugely. I'd like to earn enough to actually enjoy life a bit, rather than struggle to pay everything, but ultimately I'm happy at 25k< and would be especially happy with a headteacher's salary
    Offline

    19
    ReputationRep:
    Depends on cost of living obviously. For central London 40k doesnt go very far for the countryside its great but you cant have both. I'd be happy with total earnings after tax of £2500 per month.
    Offline

    1
    ReputationRep:
    £40k + a year
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Have you ever participated in a Secret Santa?
    Useful resources
    How much money do you spend a week?The ultimate guide to tax!Guide to student bank accounts

    Sponsored features:

    Web Legend

    Win a Macbook Air!

    Blog about setting up a website for a chance to win in our Web Legend competition.

    Quick link:

    Unanswered money and finance threads

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.