People earning £60k are not rich?

[Rincewind]

In the absolute cvnts thread you mentioned a housing officer putting up a 17 year old girl in a brothel because no other accommodation could be found, now you are complaining that the people who use spare rooms to store wheel chairs are having to give them up. Possibly if more people gave up their spare rooms used for storage more people like the girl you mentioned may be able to get the accommodation they need?

Not only storage a room for overnight care workers. What about a divorced man who sometimes has a young daughter stay over. Are they meant to share the same bed?

There are a lot of flaws in the bill. It was rushed through as were others. It needs rethinking. There are not enough one bedroomed properties so even if someone has space they cannot move so will just be paying extra because the cannot be moved.

[MooseBreath]

Not only storage a room for overnight care workers. What about a divorced man who sometimes has a young daughter stay over. Are they meant to share the same bed?

There are a lot of flaws in the bill. It was rushed through as were others. It needs rethinking. There are not enough one bedroomed properties so even if someone has space they cannot move so will just be paying extra because the cannot be moved.

Is this all stuff you've heard at your media therapy group? For someone who doesn't like using generalisations or seeing things in black and white, i'm surprised you keep using examples such as the student situation, which aren't actually true and are just based on left wing propaganda.

[Les-TA-Jon]

How old are your in laws ? You do realise they might have inherited money, got bonuses, paid off their mortgage ? You don't get those things earning well for one year.

 

Did I say they'd been earning that much for only one year? No - my guess is that they've been earning close to 60-80K for at least 10 years. They're still paying their mortgage, and they're in their late 50s. 

 

And once again, try to ignore my example, if you think it's not a great one, instead look at the points I'm trying to make:

 

Definitions/Categorisations of wealth/richness/comfortableness are:

 

- Not to do with how much disposable income a household has, but rather about their cumulative and total spending

- About the amount and type of choices, opportunities and lifestyles that are available to them

[Jace]

Not only storage a room for overnight care workers. What about a divorced man who sometimes has a young daughter stay over. Are they meant to share the same bed?

There are a lot of flaws in the bill. It was rushed through as were others. It needs rethinking. There are not enough one bedroomed properties so even if someone has space they cannot move so will just be paying extra because the cannot be moved.

Oh dear

[Ric Flair]

I think people have pretty much covered it with what's been said. £60,000 would only make you fairly rich if your house hasn't cost you nearly half a million quid, you're partner earns a half decent wage and you've not got several kids. You might be able to stack up some decent wedge and invest it and make more over a number of years.

 

Myself and the missus earn a combined total of about £65/70,000 and living in London with no kids and minimal care in the world it's still not luxury.

 

We were living in a studio flat in Islington that was the size of a caravan and was costing us £1200 including bills. That's the stark reality, housing costs in the capital are beyond a joke. Imagine if we wanted to start a family? A 2 bedroom flat even in undesirable parts of London is near £1500 a month, then add on child care and other extras and it's scandalous.

 

Our problem is that if we were living back in Leicestershire we'd both be on considerably less. I'm studying to be an accountant so at the minute i'm classed as part qualified, which the pay varies dramatically. You seem to get paid peanuts until you're fully qualified back in Leicestershire. Plus i'm a complete penis when i'm back in Leicestershire and always out on the piss with my mates, so we shan't be coming back. Haha.

 

Some none rich families have managed to obtain a large amount of cash from the property boom that took place in the 90's and 00's but that's not much use to the younger generation. I know some folk down here who bought a place 15-20 years ago for not much more than the average property price of Leicestershire at that time and now they are sitting on a pad worth between 500,000 - 1 million. They could be classed as rich if they were to sell up and move up north and get a 4 bed house for £180,000 and bank the rest, a chap on £60,000 a year would have to save every penny of his net income for nearly 20 years to raise that sort of pot.

[Tommy G]

If you are a couple with a kid and the bloke earns £60k a year he will come out with £3500 a month next (before any pension)

 

You wont get any child tax credit either, assume the partner doesnt work

 

You are already worse off than two people earning £30k each

 

Take into account a mortgage £800-£1,000, food bills, childcare, council tax, cars, fuel there isnt much left from that without a hol or an LCFC season ticket

 

I actually think at least 1 person has to earn £100k before being classified as rich, and that is affected by where you live and work

[Tommy G]

I think people have pretty much covered it with what's been said. £60,000 would only make you fairly rich if your house hasn't cost you nearly half a million quid, you're partner earns a half decent wage and you've not got several kids. You might be able to stack up some decent wedge and invest it and make more over a number of years.

 

Myself and the missus earn a combined total of about £65/70,000 and living in London with no kids and minimal care in the world it's still not luxury.

 

We were living in a studio flat in Islington that was the size of a caravan and was costing us £1200 including bills. That's the stark reality, housing costs in the capital are beyond a joke. Imagine if we wanted to start a family? A 2 bedroom flat even in undesirable parts of London is near £1500 a month, then add on child care and other extras and it's scandalous.

 

Our problem is that if we were living back in Leicestershire we'd both be on considerably less. I'm studying to be an accountant so at the minute i'm classed as part qualified, which the pay varies dramatically. You seem to get paid peanuts until you're fully qualified back in Leicestershire. Plus i'm a complete penis when i'm back in Leicestershire and always out on the piss with my mates, so we shan't be coming back. Haha.

 

Some none rich families have managed to obtain a large amount of cash from the property boom that took place in the 90's and 00's but that's not much use to the younger generation. I know some folk down here who bought a place 15-20 years ago for not much more than the average property price of Leicestershire at that time and now they are sitting on a pad worth between 500,000 - 1 million. They could be classed as rich if they were to sell up and move up north and get a 4 bed house for £180,000 and bank the rest, a chap on £60,000 a year would have to save every penny of his net income for nearly 20 years to raise that sort of pot.

 

Part qual accountant in leics providing you are at a decent size firm should be on between £27k - 30k a year so not far off half of what you were talking about as your joint income in london.

[Jace]

Personally I tend to consider people/couples who have a net worth of £1 million plus as wealthy/rich anyone worth £250k plus to that I would consider more upper middle class

[Ric Flair]

Part qual accountant in leics providing you are at a decent size firm should be on between £27k - 30k a year so not far off half of what you were talking about as your joint income in london.

 

That's good to know as we have been talking about where we see ourselves if and when we have kids. I reckon i've a good few years before I become fully qualified as the studying whilst working is an absolute battle and it's taking me longer than I'd hoped. That sort of pay would see me drop nearly £8000 a year maybe a touch less but I know for a fact I could get a gaff for £500 a month, I still own a flat back home that I can't shift. Haha.

[Guest MattP]

That's good to know as we have been talking about where we see ourselves if and when we have kids. I reckon i've a good few years before I become fully qualified as the studying whilst working is an absolute battle and it's taking me longer than I'd hoped. That sort of pay would see me drop nearly £8000 a year maybe a touch less but I know for a fact I could get a gaff for £500 a month, I still own a flat back home that I can't shift. Haha.

 

Which way are you going?

 

I did AAT then moved onto CIMA but stopped as I couldn't be arsed anymore, still got two years to do but thinking of going back to it.

 

Tempted to just start over and do ACCA. Options seem far better.

[Ric Flair]

Which way are you going?

 

I did AAT then moved onto CIMA but stopped as I couldn't be arsed anymore, still got two years to do but thinking of going back to it.

 

Tempted to just start over and do ACCA. Options seem far better.

 

I'm doing CIMA mate. Still got a good 2 years or so to go I reckon. I've spent the past 18 months doing fook all and feeling constantly guilty about it. Fingers crossed i'm being lined up for a new Management Accounts role which is ideal for what I want to do and hopefully will give me fresh impetus to knuckle down. I've started studying again this past few months and want to kick on, otherwise what's the fookin point in working in finance as it's the pits unless there's bunce at the end of it.

 

I prefer CIMA to ACCA because of how it can give you crucial skills to move in to other areas of work,  suppose it's less ' Accountancy ' focused than ACCA. I know a few lads who have swapped to ACCA and much prefer it so it all depends what you want.

[Guest MattP]

I'm doing CIMA mate. Still got a good 2 years or so to go I reckon. I've spent the past 18 months doing fook all and feeling constantly guilty about it. Fingers crossed i'm being lined up for a new Management Accounts role which is ideal for what I want to do and hopefully will give me fresh impetus to knuckle down. I've started studying again this past few months and want to kick on, otherwise what's the fookin point in working in finance as it's the pits unless there's bunce at the end of it.

 

I prefer CIMA to ACCA because of how it can give you crucial skills to move in to other areas of work,  suppose it's less ' Accountancy ' focused than ACCA. I know a few lads who have swapped to ACCA and much prefer it so it all depends what you want.

 

I did CIMA as it was paid for by my employer at the time otherwise I may have done, if I return I'll probably stick to it as another two years studying I could manage, I doubt I could do that with four years.

 

Certainly right about finance, it's dogshit at the bottom end. Keep it up though, if you put in the work you will be rewarded at the end.

[Rincewind]

Good luck Ric

[absolutelegend]

Certainly right about finance, it's dogshit at the bottom end. Keep it up though, if you put in the work you will be rewarded at the end.

Love the attitude! You will do well I am sure

[Guest ttfn]

Which way are you going?

I did AAT then moved onto CIMA but stopped as I couldn't be arsed anymore, still got two years to do but thinking of going back to it.

Tempted to just start over and do ACCA. Options seem far better.

I never got the impression you worked strictly in a finance role.

If you're looking at a career in reporting or working at the top of a massive company, ACA/ACCA is the way to go.

If you're a forecasting/analysis guy/general business busybody then CIMA is what you're after.

[Guest MattP]

I never got the impression you worked strictly in a finance role.

If you're looking at a career in reporting or working at the top of a massive company, ACA/ACCA is the way to go.

If you're a forecasting/analysis guy/general business busybody then CIMA is what you're after.

I don't anymore, I was working in an accounts department until about 27 but left (before I was pushed) to pursue a business in sports betting websites.

That has gone fairly well and I managed to travel the world a bit and achieve a few dreams but its starting to look less than likely ill be doing it in ten years so going back to night school is possible and sensible thinking about the future.

CIMA it will be as I can't be bothered to start it all again.

Working for someone else is a frightening thought now.

[Jon the Hat]

I did CIMA as it was paid for by my employer at the time otherwise I may have done, if I return I'll probably stick to it as another two years studying I could manage, I doubt I could do that with four years.

Certainly right about finance, it's dogshit at the bottom end. Keep it up though, if you put in the work you will be rewarded at the end.

Yep!

[Tommy G]

I never got the impression you worked strictly in a finance role.

If you're looking at a career in reporting or working at the top of a massive company, ACA/ACCA is the way to go.

If you're a forecasting/analysis guy/general business busybody then CIMA is what you're after.

I'm doing my final ACA exams in Nov. They are an absolute killer. Can honestly say I have never faced anything so difficult in my life!

Have worked in practice now for 6 years but looking to go into a FC role after Xmas providing I pass these.

Statistically ACA's earn on average 93k if I get anywhere near that I'll be delighted.

There are a many cushy jobs in industry with much bigger pay

[Jon the Hat]

I'm doing my final ACA exams in Nov. They are an absolute killer. Can honestly say I have never faced anything so difficult in my life!

Have worked in practice now for 6 years but looking to go into a FC role after Xmas providing I pass these.

Statistically ACA's earn on average 93k if I get anywhere near that I'll be delighted.

There are a many cushy jobs in industry with much bigger pay

I don't know about cushy, you will be expected to deliver for that kind if money.

[Tommy G]

I don't know about cushy, you will be expected to deliver for that kind if money.

Granted, but they are out there.

I know a chap who is on 55k, car, phone, priv health etc and he doesn't even know how to do a set of management accounts.

He's cima qualified about 15 years ago and is a glorified bookkeeper. Not saying its commonplace but there are jobs out there. In every industry I guess.

[Guest MattP]

Granted, but they are out there.

I know a chap who is on 55k, car, phone, priv health etc and he doesn't even know how to do a set of management accounts.

He's cima qualified about 15 years ago and is a glorified bookkeeper. Not saying its commonplace but there are jobs out there. In every industry I guess.

 

Yep, get it everywhere, though for every one on the cushy 55k one there will be a stressed out guy working harder for 45k. Finding a perfect job is a lot about luck as well as working hard.

[potter3]

I don't really know what to make of this thread... but my parents earn less than 2/3rds of 60k unless they do some dodgy side business I know nothing about.. and we live in a 3 bedroom house with a mortgage, 2 kids, usually 3 holidays a year. And we never had to struggle or anything, I'd say we were comfortable at the very least. I don't know how you could earn another £20k/year and not consider yourself well off. I know people will spend more if you earn more, but if someone told me they earned £60k a year, I'd think they're very well off, at the least.

[Rincewind]

£60?

[Guest MattP]

£60 a year? Have Labour got back in?

[potter3]

Wow wat da fuk, I missed a 'k' off, totally invalidates the rest of the post. Sorry guys