How much money have you earnt in your lifetime?

[Jonnny]

Strange question..

I estimate mine at around £200k after tax, 10 years working or so.. Doesn't include inheritance that we put into our house.

Depressing when you think about it, and don't have much saved up from it

[bloomen]

No idea. I do know that between 2004 and 2011 my total earnings were £155.

[HustleRussell]

I briefly considered adding up the amount I have spent so far on motor racing the other day. Sometimes you’re better off not knowing.
I hope it doesn’t equal my current net worth

Edited by HustleRussell on Tuesday 4th December 23:05

[poo at Paul's]

bloomen said:

No idea. I do know that between 2004 and 2011 my total earnings were £155.

Yeah, but you've doubled that since....!

[poo at Paul's]

bloomen said:

No idea. I do know that between 2004 and 2011 my total earnings were £155.

Yeah, but you've doubled that since....!

[anonymous-user]

Not enough.,, Arrrgghhh...

[Monkeylegend]

Probably about 80% of mine, the rest has been gratefully accepted..

[OzzyR1]

By coincidence, I did this calculation the other day - no idea why, perhaps as I realised I'd been working for 20 years after university, perhaps the beginning of a mid-life crisis - who knows!!

Must admit the total earnings figure did shock me at first. Wondered where it all went until I remembered taxes, NI, mortgages, pensions, savings, bills and day to day living costs which took a huge slice.

Not going to mention figures but I still think I should have more to show for it - better financial planning required in future!!

[alorotom]

Roughly £1.6m so far - im 36, most of it in the last 7yrs

[TorqueDirty]

bloomen said:

No idea. I do know that between 2004 and 2011 my total earnings were £155.

Is that with or without the aid of a very creative accountant?

[daddy cool]

About tree fiddy.

[55palfers]

About half of it.

[Blakeatron]

alorotom said:

Roughly £1.6m so far - im 36, most of it in the last 7yrs

Similar, rocketed a few years ago and has now dropped a little as ive invested into other things instead of a wage

[BoRED S2upid]

brickwall said:

BCG/Sutton Trust ran some numbers, suggesting average lifetime earnings for the following groups:

Oxbridge degree: £1.8m
Russell Group degree: £1.6m
Non-Russell Group degree: £1.4m
A-Levels: £973k
No qualifications: £696k

However, biggest determinant (unsurprisingly) is earnings in the first 5 years after graduation.
Most people's income rises as they get older/more experienced/senior - so if you're on £100k 5 years after graduation - then even if it stayed flat from that point on (unlikely), you'd be over £3m over the lifetime.

Very interesting. I imagine those aren’t too far off. Non Russell group degree for me and if I continue to work for the next 25 years with a bit of luck on the horses thrown in and house price rises I might be close to that figure.

[BRR]

35, A-Levels, approx £785k so far, which is pretty rubbish considering most PH'ers spend that on holidays and Rolex watches each week

[Spare tyre]

BRR said:

35, A-Levels, approx £785k so far, which is pretty rubbish considering most PH'ers spend that on holidays and Rolex watches each week

I’ve instructed the butler to give the housekeeper that much to divide between my 3 gardeners

Bloody peasant

[alorotom]

BRR said:

35, A-Levels, approx £785k so far, which is pretty rubbish considering most PH'ers spend that on holidays and Rolex watches each week

Not really, it’s still an average of £46k p/a for the 17yrs worked (assuming you have worked since leaving college at 18) - which is £20k over the U.K. national average as it stands today!

[BRR]

alorotom said:

Not really, it’s still an average of £46k p/a for the 17yrs worked (assuming you have worked since leaving college at 18) - which is £20k over the U.K. national average as it stands today!

To be fair it's a lot more than I thought I'd have earned when I left college at 17 (only going back to sit my exams) due to having a Son, just when you see what a lot of people on here are making and the life choices that provides i.e. retiring early it does make me question if me not fully prioritising my career vs my sporting goals which are now pretty much done at 35 was worth it

[designforlife]

£320k in 11 years after tax...naff all really.

Don't own a house, and only have a couple grand savings...i think i'm lifing wrong.

[anonymous-user]

brickwall said:

BCG/Sutton Trust ran some numbers, suggesting average lifetime earnings for the following groups:

Oxbridge degree: £1.8m
Russell Group degree: £1.6m
Non-Russell Group degree: £1.4m
A-Levels: £973k
No qualifications: £696k

However, biggest determinant (unsurprisingly) is earnings in the first 5 years after graduation.
Most people's income rises as they get older/more experienced/senior - so if you're on £100k 5 years after graduation - then even if it stayed flat from that point on (unlikely), you'd be over £3m over the lifetime.

Interesting
I’ve exceeded Oxbridge on A-levels