Radio 4

[Scythe13]

(28 November 2012, 11:29)BDG Wrote:

(28 November 2012, 11:14)Barneyboy Wrote: s13 mate £50,000 year my point on the head it is easy for the rich to do better than the poor money opens doors being poor shuts them ,you are doing a job for £6.50 hour unless you pissed away the £50,000 you must have back up ,try living on £65.00 a week with no help from savings or mummy and daddy live in the real world mate .but that was a good rant pal as all ways

If you are earning £50k a year PAYE, you will be taking home £34K a year. To be presentable in a £50K a year job, you are going to need to wear a decent suit everyday - there is £300 for a suit, £100 for a shirt X 5 - there - replace once every six months thats £4k a year. Ten shirts at £100. £500 a year on two pairs of shoes and maintainace. BMW 5 series / AUDI A8 / Merc E Class - £300 - 500 a month depending on spec - £3600 - 5k a year. So we are talking over £10k a year to get to dressed and get to work.

You are not going to be taken serious driving a rotten 15 year old metro in a tesco suit to a £50k a year job.

Stick at least £6k on top of that for work related socialising - drinks, meals, golf, what ever, just so you keep your profile up.

You are soon taking home £20K a year from your £50K job, that is without fuel to get to and from work and paying your normal bills.

A few small changes to this.

Suits: 5 suits between £800 and £1000. My boss went mad at me for having a suit HUNG on an M&S hanger. The suit was Brioni £1000+
Shoes: 2 Pairs, one at £300 and the other £800. Plus upkeep of the shoes. But those shoes have lasted a while now.
Spot on with the cars. I had 3 cars at one point, and you're expected to treat clients. Some clients will look down on you for anything less than a merc, others will look down on you for having a merc, so you get a Vauxhall (I still have that one). Oh and the 300 miles a day fuel expense.

I was about £150 better off a month on £50k than I was on £18k. Job depicts lifestyle. Lifestyle depicts expenditure. Expenditure depicts savings/investments. Savings/investments depicts wealth.

At the end of the day, my lifestyle was costing me my health (oh, add to the expenditure column 'health clubs') and my free time. ANYONE with a brain and the ability to act professionally can earn £50k or more. It might cost you your health, family, freetime, and the rest. But it is doable.

When SD met me in Bristol, I was enjoying a house share (flat share) to keep expenditure down, and even then I was earning about £35k-ish. It's better to have other people work for you, than to work for them.