£22000 puts you into the top 1% income earners - do you need any more?

The people in this thread are ridiculous. I'd be made up if I ever got a £22000 salary.

£22000 puts you into the top 1% income earners - do you need any more?

Lets say you own a house outright and own a car.

Realistically do you need to earn more to be happy? (i.e even if you had a high paid job you could give the rest to charity for example).

Same looooool. My part time job is in retail phone sales, and my annualised wage would be ~£22k including bonuses.

Yes i'm referring to the global 1% of course.

Hence why i assumed you own a house outright and a car. On the basis of purchasing power so people can't complain.

Why use a global income figure without also mentioning relative costs of living?

There's no point trying to compare a UK income to that of a country where you can feed your family for a week on 5p.

Which country is that?

The people in this thread are ridiculous. I'd be made up if I ever got a £22000 salary.

£22000 puts you into the top 1% income earners - do you need any more?

Lets say you own a house outright and own a car.

Realistically do you need to earn more to be happy? (i.e even if you had a high paid job you could give the rest to charity for example).

My first job at 16 paid about £21k if it were full time.

That was back in the days when 16yr olds could get £10+ p/h part time jobs

Hahaha, my job before this paid just below that annualised, and I was 16 too haha.

What job was it out of interest?

Lifeguard

If I own my home outright, sure.

I can easily live on that.

I could easily live on that with rent/ mortgage where I am. After food (£130); gas, electric + water (£100), petrol + car maintenance, insurance and tax (£100), income tax + NI(£330); I would have £844 left each month. Even if I had to pay rent, I'd still have £300 left each month. Assuming non London prices.

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Why use a global income figure without also mentioning relative costs of living?

There's no point trying to compare a UK income to that of a country where you can feed your family for a week on 5p.

So with that spare 300 a month you'd have to save some emergency funds (cars break down, jobs get terminated), pay for clothes, holidays, save for retirement, eat out/entertainment, pay your cell phone/land phone bills, pay any medical not covered by the NHS. There's a list as long as my arm of things that 300 quid would have to cover. It's simply not enough.

I've no idea, but there would be no point in comparing it

That's £300 if I was paying mortgage/ rent. It is enough. I have a cheap phone, I rarely eat out and I included 1 meal out per month in my calculations, books are free from the library and I have no health needs that aren't covered by the NHS. I included money to spend on car breakage, but I calculated for a Nissan Micra. They are known for reliability and the availability of parts.

My ideal holiday involves a tent in the middle of nowhere. My whole family does that for less than £500 for 2 weeks. That's 5 of us and the dog.

I get my clothes from the charity shop, and I spend about £20 a month on them.

Netflix is £6 a month.

Even with added costs, I'd have £220 left per month.

I intend to work as a teacher. Teachers don't tend to lose their jobs unless they're appalling teachers. I'm not.

I don't watch TV. Ever.

£220 is plenty of disposable income.

Anyway, op said that I'd own the house outright so no rent/ mortgage. So I'd have £770 disposable income.

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The people in this thread are ridiculous. I'd be made up if I ever got a £22000 salary.