good salary for a mid 20's person
Discussion
Mobile Chicane said:
If you can a. get a mortgage, and b. afford property near(ish) to where you work, you're doing pretty well, regardless of your age.
I'm on the national average wage. To buy even the most modest property locally, I'd have to borrow 8 times my income.
Because most people where you live work in London where the average salary would buy you a house? I'm on the national average wage. To buy even the most modest property locally, I'd have to borrow 8 times my income.
24, £40k basic and company performance bonus, should be anywhere from £45k to £120k this year touch wood!
Will be a fair bit worse if the bonus cap proposals come in though!
To put it into context I'm uni educated, work in the City, am at my desk for 6:30 most mornings and only got home about half an hour ago....
Will be a fair bit worse if the bonus cap proposals come in though!
To put it into context I'm uni educated, work in the City, am at my desk for 6:30 most mornings and only got home about half an hour ago....
kiethton said:
24, £40k basic and company performance bonus, should be anywhere from £45k to £120k this year touch wood!
Will be a fair bit worse if the bonus cap proposals come in though!
To put it into context I'm uni educated, work in the City, am at my desk for 6:30 most mornings and only got home about half an hour ago....
So hourly probably under minimum wage Will be a fair bit worse if the bonus cap proposals come in though!
To put it into context I'm uni educated, work in the City, am at my desk for 6:30 most mornings and only got home about half an hour ago....
vescaegg said:
kiethton said:
24, £40k basic and company performance bonus, should be anywhere from £45k to £120k this year touch wood!
Will be a fair bit worse if the bonus cap proposals come in though!
To put it into context I'm uni educated, work in the City, am at my desk for 6:30 most mornings and only got home about half an hour ago....
So hourly probably under minimum wage Will be a fair bit worse if the bonus cap proposals come in though!
To put it into context I'm uni educated, work in the City, am at my desk for 6:30 most mornings and only got home about half an hour ago....
What happens is you spend years chasing the money then all of a sudden realise you're over 40 and you don't have another go at life.
You look back and think about the times you were progressing your career whilst your mates were on stag dos, out at barbecues, in vegas or living life. Then you get to 60, get ill and realise it's too late to spend your cash, you'd look stupid in vegas even if you had friends that were up for going. Then you realise you don't want to be the richest man in the graveyard.
Don't worry about salary, if you have got your health just enjoy life, save a bit, don't take it too seriously and just have fun.
The people on here going on about £60k and a 3 series company car won't be partying every night like a guy working in a bar on £10k per year or a scuba instructor in the Seychelles. Or a bar man in cancun.
So long as you're not skint a good salary is any job that you enjoy
You look back and think about the times you were progressing your career whilst your mates were on stag dos, out at barbecues, in vegas or living life. Then you get to 60, get ill and realise it's too late to spend your cash, you'd look stupid in vegas even if you had friends that were up for going. Then you realise you don't want to be the richest man in the graveyard.
Don't worry about salary, if you have got your health just enjoy life, save a bit, don't take it too seriously and just have fun.
The people on here going on about £60k and a 3 series company car won't be partying every night like a guy working in a bar on £10k per year or a scuba instructor in the Seychelles. Or a bar man in cancun.
So long as you're not skint a good salary is any job that you enjoy
Am I the only one who has been reading this thinking most people on PH (or at least those willing to post it in here) are earning some serious money for their age?
Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
Snollygoster said:
Am I the only one who has been reading this thinking most people on PH (or at least those willing to post it in here) are earning some serious money for their age?
Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
More people will be willing to post if they are earning good £££ than those who are earning less. Not a true representation i'd say. Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
43034 said:
Snollygoster said:
Am I the only one who has been reading this thinking most people on PH (or at least those willing to post it in here) are earning some serious money for their age?
Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
More people will be willing to post if they are earning good £££ than those who are earning less. Not a true representation i'd say. Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
It would be interesring to have a topic with a poll to see the earning landscape of ph users. We have the whole spectrum on here and it would be interesting to see any trends. I don't have the ability to start a topic with a poll though :0(
Would be expecting people to post stats but the poll alone would be good to see.
Stu
Would be expecting people to post stats but the poll alone would be good to see.
Stu
Snollygoster said:
Am I the only one who has been reading this thinking most people on PH (or at least those willing to post it in here) are earning some serious money for their age?
Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
Considering what this site is about and how much cars cost, I'd say most on here are above average just to be able to indulge their passions. It's like the members of a Rolex forum or something having above average income. Not really surprising. Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
As much as its a cliché I think once you either achieve enough materalistic stuff (i.e. A house you want, the car you want etc) you get to a point where you start thinking what next ?? It is all just a trade off though, there is no right answer.
Money just gives you choices.. thats it.
What I find funny is peoples different expectations of what working hard is (work v reward), I have a couple of guys who who work 8.30-6pm 5 days a week who think they work really hard, what they do not see is their colleague who is in at 7am and leaves at 7/8pm every day and works saturdays.
They are now wondering why the harder worker is getting better results, is nearly half their age and is getting paid nearly twice as much !!
But they can't see that some people will work 7am -9pm 5 / 6 days a week just to get what they want.
Appreciate its not all about how hard you work and the hours but in many cases it is.
I have friends that nigh on killed themselves in the city and retired at 30 and others who probably will never retire because they can't afford to.
Its perhaps really what you earn in your thirties and 40's that really sets you up and makes a difference.
i.e. someone on lets say mid 20's is probably going to be on 30's in their 30's and 40's in their 40's.
However the guys on 50/60+ in their mid 20's are probably going to be 100+ in 30's and 200+ in 40's you obviously get the gulf where in your 40's you are earning peoples average salary every two months. That gives you choice
Phib
Money just gives you choices.. thats it.
What I find funny is peoples different expectations of what working hard is (work v reward), I have a couple of guys who who work 8.30-6pm 5 days a week who think they work really hard, what they do not see is their colleague who is in at 7am and leaves at 7/8pm every day and works saturdays.
They are now wondering why the harder worker is getting better results, is nearly half their age and is getting paid nearly twice as much !!
But they can't see that some people will work 7am -9pm 5 / 6 days a week just to get what they want.
Appreciate its not all about how hard you work and the hours but in many cases it is.
I have friends that nigh on killed themselves in the city and retired at 30 and others who probably will never retire because they can't afford to.
Its perhaps really what you earn in your thirties and 40's that really sets you up and makes a difference.
i.e. someone on lets say mid 20's is probably going to be on 30's in their 30's and 40's in their 40's.
However the guys on 50/60+ in their mid 20's are probably going to be 100+ in 30's and 200+ in 40's you obviously get the gulf where in your 40's you are earning peoples average salary every two months. That gives you choice
Phib
jonah35 said:
What happens is you spend years chasing the money then all of a sudden realise you're over 40 and you don't have another go at life.
You look back and think about the times you were progressing your career whilst your mates were on stag dos, out at barbecues, in vegas or living life. Then you get to 60, get ill and realise it's too late to spend your cash, you'd look stupid in vegas even if you had friends that were up for going. Then you realise you don't want to be the richest man in the graveyard.
Not true. All the people I know who earn decent money work hard and play hard.You look back and think about the times you were progressing your career whilst your mates were on stag dos, out at barbecues, in vegas or living life. Then you get to 60, get ill and realise it's too late to spend your cash, you'd look stupid in vegas even if you had friends that were up for going. Then you realise you don't want to be the richest man in the graveyard.
I think you'll find probably 1% of the people in the City are like what you've described (derivatives traders, lawyers etc.) Most of the time the people fretting about career progression and promotions are in smaller corporate companies.
Snollygoster said:
Am I the only one who has been reading this thinking most people on PH (or at least those willing to post it in here) are earning some serious money for their age?
Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
In my world, you get a good education, put in the hours and if you’re good enough, make your way up the ladder. If you’re lucky you make senior director by the time you are in your 40’s and then you can make around £60k. Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
In Pistonhead world, you leave uni at 21 and by the time you’re 23 you bag a £70k job and complain that you’re not on £100k yet despite working a couple of weekends. OK, maybe I’m exaggerating a little but is everyone on here making 6 figure salaries? I’m a failure
toon10 said:
In my world, you get a good education, put in the hours and if you’re good enough, make your way up the ladder. If you’re lucky you make senior director by the time you are in your 40’s and then you can make around £60k.
In Pistonhead world, you leave uni at 21 and by the time you’re 23 you bag a £70k job and complain that you’re not on £100k yet despite working a couple of weekends. OK, maybe I’m exaggerating a little but is everyone on here making 6 figure salaries? I’m a failure
Agree with this. The big figures of £100k and over are had by taking risks in my opinion. Either go contracting in your line of work, own a business, work in sales etc In Pistonhead world, you leave uni at 21 and by the time you’re 23 you bag a £70k job and complain that you’re not on £100k yet despite working a couple of weekends. OK, maybe I’m exaggerating a little but is everyone on here making 6 figure salaries? I’m a failure
If you stick it out in any medium/large company and achieve middle management best you can hope for is £45k-£65k on average.
Also agree with a lot being said on this thread. Money does NOT make you happy it just gives you more options. More options is nice but more options does not equate to happier life by any stretch of the imagination. You also need to decide if you want to ‘work to love’ or ‘live to work’. I strive former and as such refuse to work every hour under the sun to look back on my life and wish I had done more with my family. Determine at as young an age as possible what makes you happy and try to fulfil that goal. If that’s being minted then work for it, if its being with your family then work towards that. Whatever you do make sure it is what makes you happy. A life of regrets is no life at all and my single aim is to have as few regrets as possible.
Stu
phib said:
As much as its a cliché I think once you either achieve enough materalistic stuff (i.e. A house you want, the car you want etc) you get to a point where you start thinking what next ?? It is all just a trade off though, there is no right answer.
Money just gives you choices.. thats it.
What I find funny is peoples different expectations of what working hard is (work v reward), I have a couple of guys who who work 8.30-6pm 5 days a week who think they work really hard, what they do not see is their colleague who is in at 7am and leaves at 7/8pm every day and works saturdays.
They are now wondering why the harder worker is getting better results, is nearly half their age and is getting paid nearly twice as much !!
But they can't see that some people will work 7am -9pm 5 / 6 days a week just to get what they want.
Appreciate its not all about how hard you work and the hours but in many cases it is.
I have friends that nigh on killed themselves in the city and retired at 30 and others who probably will never retire because they can't afford to.
Its perhaps really what you earn in your thirties and 40's that really sets you up and makes a difference.
i.e. someone on lets say mid 20's is probably going to be on 30's in their 30's and 40's in their 40's.
However the guys on 50/60+ in their mid 20's are probably going to be 100+ in 30's and 200+ in 40's you obviously get the gulf where in your 40's you are earning peoples average salary every two months. That gives you choice
Phib
Money just gives you choices.. thats it.
What I find funny is peoples different expectations of what working hard is (work v reward), I have a couple of guys who who work 8.30-6pm 5 days a week who think they work really hard, what they do not see is their colleague who is in at 7am and leaves at 7/8pm every day and works saturdays.
They are now wondering why the harder worker is getting better results, is nearly half their age and is getting paid nearly twice as much !!
But they can't see that some people will work 7am -9pm 5 / 6 days a week just to get what they want.
Appreciate its not all about how hard you work and the hours but in many cases it is.
I have friends that nigh on killed themselves in the city and retired at 30 and others who probably will never retire because they can't afford to.
Its perhaps really what you earn in your thirties and 40's that really sets you up and makes a difference.
i.e. someone on lets say mid 20's is probably going to be on 30's in their 30's and 40's in their 40's.
However the guys on 50/60+ in their mid 20's are probably going to be 100+ in 30's and 200+ in 40's you obviously get the gulf where in your 40's you are earning peoples average salary every two months. That gives you choice
Phib
Got a few mates who used to be earning similar to me (taking into account that I'm in London and they're in Bristol). I then got a huge hike last June and they were all surprised - their working hours are 8-5, 5 days/week, I do 9-7/8/9/10 regularly so I'm probably not much better off on an hourly rate but my salary will keep going up at a much quicker rate than theirs at which point the hard work and long hours now becomes worth it Snollygoster said:
Am I the only one who has been reading this thinking most people on PH (or at least those willing to post it in here) are earning some serious money for their age?
Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
I agree as I said I am on 25k aged 22 which is near enough the lowest wage I have seen on here yet most of my friends back home seem to think I am on an incredible wedge considering I only finished Uni this year... Considering the average wage in the UK is around £26,500 for all ages, only a couple of people have admitting to earning less and majority are earning at least double this, if not substantially more.
Highest wage I know is my friend at Jag on 32k at 23 then another mate at network rail on 26.5k the rest of them are earning 20k at best.
I should be on mid 30s by 24 when I finish the scheme and to me that was is a very good wage for the age but then again I am not a powerful company director...
AyBee said:
phib said:
As much as its a cliché I think once you either achieve enough materalistic stuff (i.e. A house you want, the car you want etc) you get to a point where you start thinking what next ?? It is all just a trade off though, there is no right answer.
Money just gives you choices.. thats it.
What I find funny is peoples different expectations of what working hard is (work v reward), I have a couple of guys who who work 8.30-6pm 5 days a week who think they work really hard, what they do not see is their colleague who is in at 7am and leaves at 7/8pm every day and works saturdays.
They are now wondering why the harder worker is getting better results, is nearly half their age and is getting paid nearly twice as much !!
But they can't see that some people will work 7am -9pm 5 / 6 days a week just to get what they want.
Appreciate its not all about how hard you work and the hours but in many cases it is.
I have friends that nigh on killed themselves in the city and retired at 30 and others who probably will never retire because they can't afford to.
Its perhaps really what you earn in your thirties and 40's that really sets you up and makes a difference.
i.e. someone on lets say mid 20's is probably going to be on 30's in their 30's and 40's in their 40's.
However the guys on 50/60+ in their mid 20's are probably going to be 100+ in 30's and 200+ in 40's you obviously get the gulf where in your 40's you are earning peoples average salary every two months. That gives you choice
Phib
Money just gives you choices.. thats it.
What I find funny is peoples different expectations of what working hard is (work v reward), I have a couple of guys who who work 8.30-6pm 5 days a week who think they work really hard, what they do not see is their colleague who is in at 7am and leaves at 7/8pm every day and works saturdays.
They are now wondering why the harder worker is getting better results, is nearly half their age and is getting paid nearly twice as much !!
But they can't see that some people will work 7am -9pm 5 / 6 days a week just to get what they want.
Appreciate its not all about how hard you work and the hours but in many cases it is.
I have friends that nigh on killed themselves in the city and retired at 30 and others who probably will never retire because they can't afford to.
Its perhaps really what you earn in your thirties and 40's that really sets you up and makes a difference.
i.e. someone on lets say mid 20's is probably going to be on 30's in their 30's and 40's in their 40's.
However the guys on 50/60+ in their mid 20's are probably going to be 100+ in 30's and 200+ in 40's you obviously get the gulf where in your 40's you are earning peoples average salary every two months. That gives you choice
Phib
Got a few mates who used to be earning similar to me (taking into account that I'm in London and they're in Bristol). I then got a huge hike last June and they were all surprised - their working hours are 8-5, 5 days/week, I do 9-7/8/9/10 regularly so I'm probably not much better off on an hourly rate but my salary will keep going up at a much quicker rate than theirs at which point the hard work and long hours now becomes worth it I would work my current job for the same salary as my previous job, I know it's a cliché but who honestly sits on their death bed wishing they'd spent more time at work?
BrabusMog said:
I'm on the other side of the fence here. I was working 60/70 hour weeks a few years ago for more than £20k less than I am on now, and I think I've done about one 50 hour week at my new company and that was when we had an invoicing disaster that took me 2 days to rectify!
I would work my current job for the same salary as my previous job, I know it's a cliché but who honestly sits on their death bed wishing they'd spent more time at work?
Agree re the death bed bit and that a company will at best send flowers to your funeral and replace you the next day. I would work my current job for the same salary as my previous job, I know it's a cliché but who honestly sits on their death bed wishing they'd spent more time at work?
For me its about the choices money gives and with more of it I can retire (or at least doe the work I want) from 50 onwards !!
So basically woking harder now ( and for past 15 years) gives me from 50 to 65 to enjoy myself rather than working like many others
Phib
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