good salary for a mid 20's person

good salary for a mid 20's person

Author
Discussion

fiatpower

3,021 posts

171 months

Wednesday 29th October 2014
quotequote all
greggy50 said:
I don't think its a bad area to live as such but think they are far better options locally for a lower price to live in such as Solihull.

The main nightclub is called "Smack" which speaks numbers about the place...
It seems a decent place to live, all my mates like it. I don't live there because it would be a 40 min commute otherwise. I have lived in both solihull and sutton coldfield which are nice places to live and for a lower price generally than leamington.

greggy50

6,165 posts

191 months

Wednesday 29th October 2014
quotequote all
fiatpower said:
It seems a decent place to live, all my mates like it. I don't live there because it would be a 40 min commute otherwise. I have lived in both solihull and sutton coldfield which are nice places to live and for a lower price generally than leamington.
Yes I really rate solihull myself decent area and prices when I look to buy in 3/4 years it will be there hopefully smile

GuyW

1,070 posts

203 months

Wednesday 29th October 2014
quotequote all
kapiteinlangzaam said:
We are recruiting at the moment for 8 new ab-initios to begin in January.... anyone under the age of 25 with a few a-levels can apply!
I take it the age limit is still as strict as before with no room for movement?

JagJag363

133 posts

148 months

Wednesday 29th October 2014
quotequote all
kapiteinlangzaam said:
yeh and my mortgage, and my student debt, and all my Lego. Ill never volunteer myself as an example of financial responsibility!

We are recruiting at the moment for 8 new ab-initios to begin in January.... anyone under the age of 25 with a few a-levels can apply!
Any more info on the role ?

Cheers.

JB!

5,254 posts

180 months

Wednesday 29th October 2014
quotequote all
Depends where you live, as 20k goes alot further oop norf than daah saaf.

I'm 26 and gunning for 30k, but i have industry relevant qualifications and 7+ years industry experience, a few friends are on more (self employed) and a few are on less.

Stedman

7,217 posts

192 months

Wednesday 29th October 2014
quotequote all
kapiteinlangzaam said:
I became fully qualified at 26, on an equiv UK gross of about 100k, depending on tax breaks / exchange rates etc.

I have colleagues who qualified at 19 on the same salary eek
And I thought over £50k 24 wasn't too bad! eek

Good on you. I fear the '90 and the Spider have held you back biggrin

hornet

6,333 posts

250 months

Wednesday 29th October 2014
quotequote all
BRMMA said:
I guess it's all about quality of life, and achieving what makes you happy, for some people that's earning 6 figures in London, for others it's living somewhere with some open space and not requiring a massive income to sustain their lifestyle. some of the happiest guys i know earn circa 20k, have no work pressure and just live to their means without seemingly ever being bothered about having more, they're probably the winners
I think this is the sensible approach. I used to fret that friends were earning more, but ultimately it's "grass is always greener" syndrome in my opinion. My approach over the last decade has tended towards ignoring the headline number and instead focusing on the buffer to my outgoings, as lifestyle has a habit of expanding to fit income, especially if you're locked in a "shiny thing" war with friends. Better to set your own terms for "success" and work to those than judge yourself against other people who may have totally different outlooks.

jakewright

93 posts

115 months

Wednesday 29th October 2014
quotequote all
kapiteinlangzaam said:
I became fully qualified at 26, on an equiv UK gross of about 100k, depending on tax breaks / exchange rates etc.

I have colleagues who qualified at 19 on the same salary eek
Likewise, although unfortunately via contracting. (plus housing allowance)

MintyChris

848 posts

192 months

Wednesday 29th October 2014
quotequote all
Its certainly not a bad wage. Im a little older than you and I earn £27k a year (£28k after a few standard weekends). I live in the highlands and bet its probably higher than average up here. I only work 36 hours a week for that aswel although I dont generally like my job at this time.

It pays the bills though, allows me to save and spend abit on luxuries. I wont lie though if it was £50k I certainly wouldnt complain.

My good friend, same age as me who has generally been on lower wages than me in the past recently put all his college/uni time to good use. Just bought a brand new RS5 outright. That reminds me just how little my wage is! One can dream haha.

Xaero

4,060 posts

215 months

Wednesday 29th October 2014
quotequote all
At 25, I didn't have a job/salary as I was travelling around the world after being made redundant, although I did write a travel blog which attracted advertisers which paid for my travels. I stayed in ensuite accommodation with internet for £4 a night and went out for 65p meals, and it was brilliant, did not need to earn much at all.

I'd probably choose a £50k+ salary over doing that, but would rather take the travel than less than that, it was far more fun and good for my personal development.

Now late 20's and aiming towards earning £30k, which if I include the money I get from eBay sales and the odd legacy advertiser on my website I probably make now. Have a child now, so am more interested in regular salaries than the travel.

Testaburger

3,682 posts

198 months

Thursday 30th October 2014
quotequote all
As already mentioned, it's all relative.

I'm fortunate enough to earn the GPB equivalent that puts me in firmly in the top percentile in the UK. Frankly, it means bugger all. I have a lovely lifestyle, but I live in an extremely expensive city, pay a bucketload of cash for a small apartment, groceries are very expensive and the lifestyle is extremely social (read: expensive). Sure, we manage to save a fair bit, but ultimately, you make the bed you lay in, and we wouldn't be here if it weren't for the money and expensive lifestyle, but we're certainly not as well off as we would be, earning what we do and living in Newcastle.

If you are happy with where you are, have a decent roof over your head, enjoy your job and enjoy your lifestyle, you're doing it right.

If you focus and appreciate what you have, you'll stop worrying about what you don't.

Jewelly_Boy

205 posts

184 months

Friday 31st October 2014
quotequote all
Interesting thread.

At 18, I was really scared of becoming "independent" as my alcoholic step-father who was a professor(his general knowledge of any subject was simply mind blowing but he was still a proper miserable cu.nt) liked to mentally abuse me for years by saying "You're going to struggle in life if you don't try" and "You're going to fail in life". Hearing that for years, I started to believe it and really panicked after leaving college.

At 19(28 now), my first ever "adult" interview and I got in to the Police putting me in the middle 20's with over time.

I recruit part time which is new this year but for the past 4 years have been working in Private Security.

2012-2013 I earned around 80k with bonuses, plus a free house with bills paid, even food at work was covered as when the client ate at a restaurant, so did I. But I worked over 300 hours every month and it killed me, my personal life was fked and I dumped my lass to save the headaches of never being at home.

Now I work 6 months of the year, on a week on/week off rotation. 6 months of the year in London with the work load and social scene. Then I go home to my lass, 2 kids(hers)and house with sea views in Devon. I couldn't ask for more.

In London, six figure salaries really aren't that hard to come by but obviously the cost of living is ridiculous compared to up north. Middle 20's in London will see the high end of £50k on average going by my friends. My friends in Devon/Somerset and up North earn between £25-35k and live very comfortably.

Life can be so simple and enjoyable with good friends and a loving family around you and a lot of us forget this and get caught up about silly trivial stuff.

One of my best friends is Ciaran Perry, he lives at home and is a cleaner part time. He loves his life, why you ask? Because his hobby is Flat Land BMXing and he was probably in the top 10 around the world for freestyle before his injury stopped him, now he is learning juggling, top lad.

I look after billionaires on a daily basis and they are generally unhappy and are completely out of touch with reality regarding genuine human emotion.

stuno1

1,318 posts

195 months

Friday 31st October 2014
quotequote all
Jewelly_Boy said:
Interesting thread.

At 18, I was really scared of becoming "independent" as my alcoholic step-father who was a professor(his general knowledge of any subject was simply mind blowing but he was still a proper miserable cu.nt) liked to mentally abuse me for years by saying "You're going to struggle in life if you don't try" and "You're going to fail in life". Hearing that for years, I started to believe it and really panicked after leaving college.

At 19(28 now), my first ever "adult" interview and I got in to the Police putting me in the middle 20's with over time.

I recruit part time which is new this year but for the past 4 years have been working in Private Security.

2012-2013 I earned around 80k with bonuses, plus a free house with bills paid, even food at work was covered as when the client ate at a restaurant, so did I. But I worked over 300 hours every month and it killed me, my personal life was fked and I dumped my lass to save the headaches of never being at home.

Now I work 6 months of the year, on a week on/week off rotation. 6 months of the year in London with the work load and social scene. Then I go home to my lass, 2 kids(hers)and house with sea views in Devon. I couldn't ask for more.

In London, six figure salaries really aren't that hard to come by but obviously the cost of living is ridiculous compared to up north. Middle 20's in London will see the high end of £50k on average going by my friends. My friends in Devon/Somerset and up North earn between £25-35k and live very comfortably.

Life can be so simple and enjoyable with good friends and a loving family around you and a lot of us forget this and get caught up about silly trivial stuff.

One of my best friends is Ciaran Perry, he lives at home and is a cleaner part time. He loves his life, why you ask? Because his hobby is Flat Land BMXing and he was probably in the top 10 around the world for freestyle before his injury stopped him, now he is learning juggling, top lad.

I look after billionaires on a daily basis and they are generally unhappy and are completely out of touch with reality regarding genuine human emotion.
While I appreciate what you are saying it certainly isn't that easy to come by 6 figure salaries in London.

R11ysf

1,936 posts

182 months

Friday 31st October 2014
quotequote all
Jewelly_Boy said:
I look after billionaires on a daily basis and they are generally unhappy and are completely out of touch with reality regarding genuine human emotion.
Really? You think the billionaires you work for are unhappy, or do they just not choose to share their happy and personal moments with the hired help?

okgo

37,984 posts

198 months

Friday 31st October 2014
quotequote all
swerni said:
Thought he was in recruitment?

maybe he recruits the staff
Maybe its complete fiction like a lot of what gets spouted in these threads biggrin

BrabusMog

20,135 posts

186 months

Friday 31st October 2014
quotequote all
okgo said:
swerni said:
Thought he was in recruitment?

maybe he recruits the staff
Maybe its complete fiction like a lot of what gets spouted in these threads biggrin
hehe

My job seems a bit mundane compared to being a body guard for a billionaire.

okgo

37,984 posts

198 months

Friday 31st October 2014
quotequote all
hehe

Joey Ramone

2,150 posts

125 months

Friday 31st October 2014
quotequote all
okgo said:
Maybe its complete fiction like a lot of what gets spouted in these threads biggrin
Or maybe you should just take a quick glance at his Linked-in profile. Seems perfectly plausible and legitimate to me.

spud989

2,738 posts

180 months

Friday 31st October 2014
quotequote all
Took my first teaching position at 22 and earned £20,500 in the first year, I think. Obviously, to get there I'd spent 4 years at university. Got my first house at 24 when i was earning about £26k. That first year was tight - had a mortgage of £112,500 and was living there on my own. Take home was about £1,400 or so, I can remember, and I rarely had anything left at the end of the month. Mortgage was £700pm on its own.

At 25 I was earning about £28k. Maybe marginally over bearing in mind part-time work too. Education wages increase with passing performance targets now, but it used to be experience ones (plus TLR payments).

Now 28 and been on £41k since Jan 2014. But did quite well in this role and have been offered another to start Jan 2015 on £49k. Still doing part-time work too (seasonal exam board work, some copywriting, private tuition), which will tip it into the low 50s.


I have an ambition to start my own business at some point, though, which I could gradually grow alongside teaching. Not quite sure doing what - I just enjoy challenges (I followed those £100 business threads with great interest, but never thought of an idea for myself). Fairly sure I could do a better job of data/reporting systems for education than the crap I've had to use so far!

Zoobeef said:
OP, this thread isn't a good view on wages as most earning less than you on here won't post.
Coming from doncaster though and that is a very good wage compared to my friends.

At 27 I was earning £28k and had a Noble, a house, a vx220 track car and a daily driver. I was considered super rich by my peers and a lottery winner by my neighbours.

Edited by Zoobeef on Tuesday 28th October 18:52
In Toll Bar? Probably. In Bawtry or Bessacarr? Maybe not so much hehe (I nearly crash driving down Bawtry Road whilst I gawp at the houses on the left hand side as you drive towards Bawtry.)

Edited by spud989 on Friday 31st October 12:16

bennyboydurham

1,617 posts

174 months

Friday 31st October 2014
quotequote all
I work in broadcast media and was earning the thick end of £20k when I was still in my teens - not bad considering I was living at home and it was 1995! 20k went a long way then and I had no money worries at all.
The most I've ever earned was around £60k but of course I rewarded myself with a nice new BMW, house in the country, lots of nice holidays and meals out. In reality £60k goes nowhere if you put your mind to enjoying it.
A couple of years back my career came crashing around my ears and I earned zero for a year while I set up a new business. That was tough and emotionally very hard indeed as we went in an instant from a pretty well off household to one living from one of my wife's pay cheques to the next. With a lot of hard graft and bit of better fortune, we're clawing our way back up now and I'm stronger and more gracious for it. I'm also very determined not to end up so vulnerable again to a sudden loss of income.