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wolram
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He looses his job and can not find another with equal pay, he gets one paying £28,000 a year and can not manage, is he a pathetic looser?
Is that before or after taxes? At current exchange rates, that's about $200K, which is about 4.2 times the US median income (2006). Ostensibly, such an income would allow one to put a considerable amount of money aside in savings and investments.wolram said:He looses his job and can not find another with equal pay, he gets one paying £28,000 a year and can not manage, is he a pathetic looser?
Astronuc said:Is that before or after taxes? At current exchange rates, that's about $200K, which is about 4.2 times the US median income (2006). Ostensibly, such an income would allow one to put a considerable amount of money aside in savings and investments.
I've known several people who lost jobs in banking and finance and were then unable to find comparable jobs because of market contraction, and no other organization wanted to pay that kind of salary, which is one of those economic issues Beeza mentioned. Evo has mentioned changes in her industry in which high paid professional making something like $250 K find themselves out of a job, and likely unable to find a comparable position and salary. That unfortunately is a harsh reality these days in which technology creates new but short term opportunities.
jim mcnamara said:Ya never know what his family's expectations and requirements are.
Suppose he bought a house with a 1500 pounds/month mortgage, plus taxes. His wife-mate gives him an ultimatum: leave this house and I leave you...
When people are operating strictly by their own lights, decisions like this are easy. Add a wife, kids, and a hostile mother-in-law and you can be euchred into an irremediable postion in no time. I get the impression Wooly, that you may be on a solo flight at the moment. But project yourself into that new virtual mind space.
Sure. We all do. Until we lose 65% of our pay.wolram said:I all ways live well within my means, i owe nothing to any one, that is the way i was raised, come hell or high watter i will not be in debt to any one, i have no sympathy for fallen high flyer's, most times they are talent less ass grabbers, that deserve nothing
wolram said:He looses his job and can not find another with equal pay, he gets one paying £28,000 a year and can not manage, is he a pathetic looser?
Your company paid the salesman an advance based on the sale, which had some probability of cancellation? In that case, he should have put it in escrow or other account and not touched the money until the sale was finalized.Evo said:Sales is dangerous, we're capped at $500,000 a year (no, I'm not in danger of reaching that cap), one guy had a huge deal fall into his lap and made almost the cap, then the client canceled, he's been paying all of the money back for almost a year now.
wolram said:He looses his job and can not find another with equal pay, he gets one paying £28,000 a year and can not manage, is he a pathetic looser?
"The £100,000 a year guy" is a term used to refer to an individual who has a salary of £100,000 per year. This person is often seen as successful and financially stable.
Becoming "The £100,000 a year guy" typically requires a combination of education, experience, and hard work. Many individuals in this salary range hold advanced degrees and have a high level of expertise in their field.
"The £100,000 a year guy" can have a variety of jobs, but they are often found in high-paying industries such as finance, technology, and healthcare. These jobs may include roles such as CEOs, doctors, lawyers, and engineers.
While having a salary of £100,000 a year can certainly provide financial stability, it is not a guarantee of long-term financial success. It is important for individuals in this salary range to also practice smart financial management and planning to ensure their financial well-being in the future.
While it is certainly possible for anyone to achieve a salary of £100,000 a year, it may not be a realistic goal for everyone. Factors such as education, experience, and industry can play a significant role in someone's earning potential. It is important to set achievable goals and work towards them, rather than focusing solely on a specific salary amount.