How much money do you have left over at bills are paid

OMM 0000 · 10-07-2020 2:04pm

TheMilkyPirate wrote: »

Lol. That's exactly what you done. Look at your first post in this thread what would make you come into a thread and speak to someone like that?

Money can't buy class that's for sure.

His brag is about his financial status, and because I understand the concept of context my response is directly related to his financial status.

If you think I was trying to say his entire value as a human is his class, that's on you. Perhaps take the chip off your shoulder, I don't care what class you are.

pgj2015 · 10-07-2020 2:07pm

ELM327 wrote: »

Contracting is not a valid way of employment for most people. Families etc.
If you are contracting you're self employed and have no safety net. No sick pay, no JSB/A entitlement etc.

I know of single folks that do this, as well as semi retired like architects, engineers and so on.

Yes it is. if you want to make real money self employed is often the way to go. most employers only pay you the minimum they can. if you are self employed there is no limit to what you can earn. you may start off with 1 business and have 10 a few years down the line.

having a family shouldn't put you off becoming self employed, it can actually push people to work harder and earn more as a self employed person.

KaneToad · 10-07-2020 2:07pm

OMM 0000 wrote: »

Loads of jobs are well paid. How else do you think all these people in their late 20s/early 30s are able to buy houses costing 600k+?

Assistance from family.

https://www.independent.ie/business/personal-finance/property-mortgages/bank-of-mum-and-dad-still-key-for-buyers-39285481.html

OMM 0000 · 10-07-2020 2:08pm

pgj2015 wrote: »

Yes it is. if you want to make real money self employed is often the way to go. most employers only pay you the minimum they can. if you are self employed there is no limit to what you can earn. you may start off with 1 business and have 10 a few years down the line.

having a family shouldn't put you off becoming self employed, it can actually push people to work harder and earn more as a self employed person.

For some reason in this thread the only valid way to make money is by working for someone else and trying to get a raise. No wonder they can't imagine the concept of how many people make good money.

10-07-2020 2:08pm

ELM327 wrote: »

Contracting is not a valid way of employment for most people. Families etc.
If you are contracting you're self employed and have no safety net. No sick pay, no JSB/A entitlement etc.

I know of single folks that do this, as well as semi retired like architects, engineers and so on.

I know plenty folk contracting that are married to other contractors, they are as you say self employed. It's a perfectly valid form of employment........ folk work like that for huge segments of their careers.

Wanderer78 wrote: »

we clearly move in very different circles, many folk id know working at the lower levels show signs of psychological stress, this commonly manifests itself in addiction issues

a mind in which responds positively to the rote learning system, maybe you have a good memory?

My mind never responded well to the rote learning system, so you are 100% incorrect

I'd be more of a figurer out than a learn things off person.

In the American multinationals I've worked in (done work in) there aren't lower levels as such, well folk don't view other folk like that. The circles you move in sound like desperate sh1tholes

Or the people you know are fond of a drink or a line anyway and blame work when it gets out of hand perhaps.

OMM 0000 · 10-07-2020 2:09pm

KaneToad wrote: »

Assistance from family.

Some, for sure...

Wanderer78 · 10-07-2020 2:11pm

Augeo wrote: »

My mind never responded well to the rote learning system, so you are 100% incorrect
I'd be more of a figurer out than a learn things off person.

In the American multinationals I've worked in (done work in) there aren't lower levels as such, well folk don't view other folk like that. The circles you move in sound like desperate sh1tholes

excellent stuff, how was school in general, do you have higher level education?

largely american corporations, they treat people like sh!t, many would be on relatively good wages though, but many addicts etc

KaneToad · 10-07-2020 2:11pm

OMM 0000 wrote: »

Some, for sure...

Edited to add link...

https://www.independent.ie/business/personal-finance/property-mortgages/bank-of-mum-and-dad-still-key-for-buyers-39285481.html

Ush1 · 10-07-2020 2:12pm

ELM327 wrote: »

Contracting is not a valid way of employment for most people. Families etc.
If you are contracting you're self employed and have no safety net. No sick pay, no JSB/A entitlement etc.

I know of single folks that do this, as well as semi retired like architects, engineers and so on.

I'm married with two young kids, sole earner and an IT contractor.

The glass celing you mentioned is quickly shattered and more than covers sick pay etc... if you budget right.

OMM 0000 · 10-07-2020 2:12pm

KaneToad wrote: »

Edited to add link...

[URL]
https://www.independent.ie/business/personal-finance/property-mortgages/bank-of-mum-and-dad-still-key-for-buyers-39285481.html[/URL]

2 out of 5, sounds about right.

KaneToad · 10-07-2020 2:15pm

OMM 0000 wrote: »

2 out of 5, sounds about right.

Although this source suggests 6 out of 10...

https://www.independent.ie/irish-news/news/300000-among-gifts-handed-out-by-bank-of-mum-and-dad-39321937.html

OMM 0000 · 10-07-2020 2:16pm

KaneToad wrote: »

Although this source suggests 6 out of 10...

https://www.independent.ie/irish-news/news/300000-among-gifts-handed-out-by-bank-of-mum-and-dad-39321937.html

Different situation.

The first article is about first time buyers, this article is about all buyers.

But I agree with your general point, lots of folks getting money from their parents.

10-07-2020 2:18pm

Wanderer78 wrote: »

excellent stuff, how was school in general, do you have higher level education?

..............

I've a level 8 qualification.

School was quite tedious, I'd no interest in learning poems etc and I struggled with languages. Also the likes of geography and history bored the arse off me.

I liked science and maths to an extent, more understanding then learning.

Wanderer78 wrote: »

.......largely american corporations, they treat people like sh!t, many would be on relatively good wages though, but many addicts etc

Sure folk working in hospitality and retail are apparently treated like sh1t also in many peoples view. Most folk I've encountered in american multinationals are treated very well.

You've experience of one of these apparently and your circle of friends consists of folk with addiction and mental health problems........... you have a very narrow view IMO and I say that having lost a best friend to addiction issues, he never came out with the negative woe is me style sh1te you peddle.

Hooked · 10-07-2020 2:18pm

I've a VERY modest salary, under 40K (but great work/life balance) and my wife is now 2 years in her dream job (working in the same university that she obtained her PhD from) with a small mortgage (560 euro per month) and no kids. Thankfully - she's public sector and on an upward trajectory for the next 10 years salary-wise.

We are putting a serious amount of money away each month. Without even trying. Prob the bones of 3 grand. I drive a 15 year old van. Her car is 2012. I've no real love of labels or expensive tastes. My wife, to be fair, is similar.

It's not so much about what you earn. More - what your outgoings are... how you live. I've mates earning near 200K that are stretched at the end of the month.

It's some relief to be comfortable... one I do not take for granted for a second.

thomasdylan · 10-07-2020 2:19pm

OMM 0000 wrote: »

Not true at all.

Family member on 120k in his 20s in medicine.

I'd love to know what area he works in. End year surgical Spr doing 90-100 hours a week in neurosurgery or something like that is the only way I can see it happening. I'd say I know a few more doctors than you do and I don't think any of them hit over 100k in their 20s and thats with a heap of overtime.

Salary scales are published. It's impossible to get through a training scheme in Ireland and be a consultant in your 20s. You graduate at 23/24 then intern, basic and specialist training and research and fellowship. Best case scenario is probably consultancy at early 30s. More realistically late 30s.

You can get through GP training in your 20s but won't be on 120k.

Tiger20 · 10-07-2020 2:19pm

ShatterAlan wrote: »

I earn a lot but I'm pretty bad with money.

Have a weakness for wine, women and song.

As George Best said....I spend my money on wine, women and fun.....the rest I just squandered@

10-07-2020 2:22pm

Ush1 wrote: »

.........
The glass celing you mentioned is quickly shattered and more than covers sick pay etc... if you budget right.

I think the glass ceiling he mentioned was for staff folk where he is working now. I don't think he was suggesting 80k was a ceiling for contractors

kenmm · 10-07-2020 2:25pm

Ush1 wrote: »

I'm married with two young kids, sole earner and an IT contractor.

The glass celing you mentioned is quickly shattered and more than covers sick pay etc... if you budget right.

Its good that there are people with a warped sense of how things work vs of how things actually work.. leaves more business for those who can..

10-07-2020 2:25pm

Augeo wrote: »

I've a level 8 qualification............

I forgot, I've done a level 7 since just for fun, nothing to do with my work life.

CBear1993 · 10-07-2020 2:32pm

Contracting - there are QS' who are self employed in construction, and they get hired in and work alongside the full time QS' on salary for the big firms in Dublin. They are making a bomb but the spotlight is on them, more is expected, and you can guarantee they will be the first ones let go if **** hits the fan. Once you have served your purpose you are gone.

True story: A very experienced man in the above in his 50s, won one of the top 3 construction contractors in ireland €160m worth of work just before Covid, 2 substantially large landmark projects in Dublin. He singlehandedly poured his heart and soul into the tender to win it. Once Covid came they kindly showed him the door and now he's sitting back at home doing his own thing again. After 4 years freelancing/hired into them. He's not complaining that much though as he's flat out again, sort of man that will never be out of work.
Is IT like this when you go between contracts? It's different as obviously IT is thriving at the moment, construction is experiencing a periodic dip in some sectors.

Another example - I can sit on my €60K salary here in Dublin. Or I could go to europe - holland/sweden etc to work on a data centre on the technical cost side next week and get paid €130K, just like that. Accomodation paid for, rotational flights, 1st 5 years is 25% tax free in Holland.
But would I be any happier? My family is here, my partner is here (we've no kids and aren't married). Me moving there would probably put our relationship in jeopardy as I'd only be home every 2-3 weeks. We'd get our house we want with my salary on that scale. But I could miserable as f*ck in Holland/Sweden!

Contracting and international roles suits some people - single/don't really bother with their family or have no interests here.

I'm happy at the moment, my friends would laugh at me and jump at the chance to double their salary, but it doesn't guarantee any happiness, in fact there'd be more stress and risk.

OMM 0000 · 10-07-2020 2:32pm

thomasdylan wrote: »

I'd love to know what area he works in. End year surgical Spr doing 90-100 hours a week in neurosurgery or something like that is the only way I can see it happening. I'd say I know a few more doctors than you do and I don't think any of them hit over 100k in their 20s and thats with a heap of overtime.

Salary scales are published. It's impossible to get through a training scheme in Ireland and be a consultant in your 20s. You graduate at 23/24 then intern, basic and specialist training and research and fellowship. Best case scenario is probably consultancy at early 30s. More realistically late 30s.

You can get through GP training in your 20s but won't be on 120k.

Can't say, but not GP.

ELM327 · 10-07-2020 2:33pm

CBear1993 wrote: »

Contracting - there are QS' who are self employed in construction, and they get hired in and work alongside the full time QS' on salary for the big firms in Dublin. They are making a bomb but the spotlight is on them, more is expected, and you can guarantee they will be the first ones let go if **** hits the fan. Once you have served your purpose you are gone.

True story: A very experienced man in the above in his 50s, won one of the top 3 construction contractors in ireland €160m worth of work just before Covid, 2 substantially large landmark projects in Dublin. He singlehandedly poured his heart and soul into the tender to win it. Once Covid came they kindly showed him the door and now he's sitting back at home doing his own thing again. After 4 years freelancing/hired into them. He's not complaining that much though as he's flat out again, sort of man that will never be out of work.
Is IT like this when you go between contracts? It's different as obviously IT is thriving at the moment, construction is experiencing a periodic dip in some sectors.

Another example - I can sit on my €60K salary here in Dublin. Or I could go to europe - holland/sweden etc to work on a data centre on the technical cost side next week and get paid €130K, just like that. Accomodation paid for, rotational flights, 1st 5 years is 25% tax free in Holland.
But would I be any happier? My family is here, my partner is here (we've no kids and aren't married). Me moving there would probably put our relationship in jeopardy as I'd only be home every 2-3 weeks. We'd get our house we want with my salary on that scale. But I could miserable as f*ck in Holland/Sweden!

Contracting and international roles suits some people - single/don't really bother with their family or have no interests here.

I'm happy at the moment, my friends would laugh at me and jump at the chance to double their salary, but it doesn't guarantee any happiness, in fact there'd be more stress and risk.

Sounds similar to myself tbh.

10-07-2020 2:36pm

CBear1993 wrote: »

Contracting ......................

Another example - I can sit on my €60K salary here in Dublin. Or I could go to europe - holland/sweden etc to work on a data centre on the technical cost side next week and get paid €130K, just like that. .................

I'm happy at the moment, my friends would laugh at me and jump at the chance to double their salary, but it doesn't guarantee any happiness, in fact there'd be more stress and risk.

Would you chance contracting for €130k in Dublin though with a sniff of 4/5 years of work?
I reckon you would.
Most skilled folk can go somewhere and earn decent cash........... even teachers can go to the UAE etc etc and get a decent wedge.

gourcuff · 10-07-2020 2:36pm

married, no kids yet, homeowner,

about 2,300 personally if we have a normal month expenses wise - but travel home alot of weekends and that can cause a dent...

thomasdylan · 10-07-2020 2:39pm

OMM 0000 wrote: »

Can't say, but not GP.

He's either bluffing or hitting at least 80-90 hours a week every week.

CBear1993 · 10-07-2020 2:43pm

Augeo wrote: »

Would you chance contracting for €130k in Dublin though with a sniff of 4/5 years of work?
I reckon you would.
Most skilled folk can go somewhere and earn decent cash........... even teachers can go to the UAE etc etc and get a decent wedge.

I would but those roles don't exist for someone my age and experience in Ireland ha! That's why they're literally throwing money at you to go across Europe. Also have sydney, dubai, west coast USA positions but they won't pay the accommodation out there, you're left to your own devices.

JimmyVik · 10-07-2020 2:59pm

CBear1993 wrote: »

I would but those roles don't exist for someone my age and experience in Ireland ha! That's why they're literally throwing money at you to go across Europe. Also have sydney, dubai, west coast USA positions but they won't pay the accommodation out there, you're left to your own devices.

A few years ago I took 6 months off from my steady job in Ireland. They kept it for me while I was gone. I went to Dubai. Got accommodation paid for, flights paid for return every 2 weeks home. And made €120k tax free.Arranged it all through an IT agency in London.

I often thought of doing it again, but its not the nicest place to be for more than a week or two. Dont know why people bought property over there back in the day.

CBear1993 · 10-07-2020 3:25pm

Nearly everyone on here seems to be IT industry. I know it’s very broad. But obviously there are people that are very good at it I.e. programming or are all the roles well paid once you’re in and show any sort of drive and determination?

all the bais · 10-07-2020 3:28pm

I sleep in a big bed with my wife

gailforecast · 10-07-2020 3:31pm

CBear1993 wrote: »

Nearly everyone on here seems to be IT industry. I know it’s very broad. But obviously there are people that are very good at it I.e. programming or are all the roles well paid once you’re in and show any sort of drive and determination?

Not every role. Developers aren’t always paid well either. Anything from 25000-125000. It’s one of those rare fields where your remuneration is based entirely on how productive you are. And since Ireland has become the EU tech capital, senior-principal devs are more often than not paid 80k base plus stocks, bonus pension etc.

Man with broke phone · 10-07-2020 3:31pm

all the bais wrote: »

I sleep in a big bed with my wife

On a scale of one to ten how much room is left over.

gailforecast · 10-07-2020 3:33pm

all the bais wrote: »

I sleep in a big bed with my wife

I also sleep in a big bed with your wife.

Man with broke phone · 10-07-2020 3:35pm

gailforecast wrote: »

Not every role. Developers aren’t always paid well either. Anything from 25000-125000. It’s one of those rare fields where your remuneration is based entirely on how productive you are. And since Ireland has become the EU tech capital, senior-principal devs are more often than not paid 80k base plus stocks, bonus pension etc.

So much IT propaganda on this website, I measure the height and weight of people from all over the world and in all walks of life, some IT staff work harder than others and some get paid more than others, sometimes the two depend on each other other times they dont. Sometimes people dont work hard because they never got more money for working harder. Sometimes people got big pay rises because they asked and the boss didnt really know what they did, just liked the cut of their jib.

Paul_Mc1988 · 10-07-2020 3:40pm

2011 wrote: »

Not quite, I worked on a project in Intel (but not for Intel) for a period of time and the salaries in the link seem accurate. There are some perks and extra money can be earned by doing overtime, but to say most technicians are on €80k + is highly inaccurate.

Yes most technician are in 80+ all in. This is made up of base salary, built in overtime, shift pay, 4 quarterly bonus and yearly bonus. As you said you never worked direct so therefore wouldnt have a clue how their pay works!

Wanderer78 · 10-07-2020 3:40pm

Man with broke phone wrote: »

So much IT propaganda on this website, I measure the height and weight of people from all over the world and in all walks of life, some IT staff work harder than others and some get paid more than others, sometimes the two depend on each other other times they dont. Sometimes people dont work hard because they never got more money for working harder. Sometimes people got big pay rises because they asked and the boss didnt really know what they did, just liked the cut of their jib.

how do you measure work hardness?

Paul_Mc1988 · 10-07-2020 3:41pm

CBear1993 wrote: »

Engineering - what would their role be, a technician for what? That’s very interesting...

Equipment repair or process work. Techs work nights and weekends so it's not for everyone.

Stone Deaf 4evr · 10-07-2020 3:44pm

Wanderer78 wrote: »

how do you measure work hardness?

put some of it in a kettle and boil it, if there's a white scaly residue, its fairly hard, and you should look for something softer before all your appliances get fecked.

Wanderer78 · 10-07-2020 3:46pm

Stone Deaf 4evr wrote: »

put some of it in a kettle and boil it, if there's a white scaly residue, its fairly hard, and you should look for something softer before all your appliances get fecked.

bollocks, ive work hardness then, must crack off one, just for safety reasons

Kevhog1988 · 10-07-2020 3:50pm

CBear1993 wrote: »

Contracting - there are QS' who are self employed in construction, and they get hired in and work alongside the full time QS' on salary for the big firms in Dublin. They are making a bomb but the spotlight is on them, more is expected, and you can guarantee they will be the first ones let go if **** hits the fan. Once you have served your purpose you are gone.

True story: A very experienced man in the above in his 50s, won one of the top 3 construction contractors in ireland €160m worth of work just before Covid, 2 substantially large landmark projects in Dublin. He singlehandedly poured his heart and soul into the tender to win it. Once Covid came they kindly showed him the door and now he's sitting back at home doing his own thing again. After 4 years freelancing/hired into them. He's not complaining that much though as he's flat out again, sort of man that will never be out of work.
Is IT like this when you go between contracts? It's different as obviously IT is thriving at the moment, construction is experiencing a periodic dip in some sectors.

Another example - I can sit on my €60K salary here in Dublin. Or I could go to europe - holland/sweden etc to work on a data centre on the technical cost side next week and get paid €130K, just like that. Accomodation paid for, rotational flights, 1st 5 years is 25% tax free in Holland.
But would I be any happier? My family is here, my partner is here (we've no kids and aren't married). Me moving there would probably put our relationship in jeopardy as I'd only be home every 2-3 weeks. We'd get our house we want with my salary on that scale. But I could miserable as f*ck in Holland/Sweden!

Contracting and international roles suits some people - single/don't really bother with their family or have no interests here.

I'm happy at the moment, my friends would laugh at me and jump at the chance to double their salary, but it doesn't guarantee any happiness, in fact there'd be more stress and risk.

If i was single with no kids id chase the money

gailforecast · 10-07-2020 3:54pm

Man with broke phone wrote: »

So much IT propaganda on this website, I measure the height and weight of people from all over the world and in all walks of life, some IT staff work harder than others and some get paid more than others, sometimes the two depend on each other other times they dont. Sometimes people dont work hard because they never got more money for working harder. Sometimes people got big pay rises because they asked and the boss didnt really know what they did, just liked the cut of their jib.

Well for devs, it’s not really about working hard, it’s about working smart. Gifted devs will always produce 10x the level of an average dev and are paid accordingly. The average dev may spend significantly more time working however.

Man with broke phone · 10-07-2020 3:58pm

Wanderer78 wrote: »

how do you measure work hardness?

Simple, the work hardness test is carried out exactly the same way a BMI test is carried out. Good BMI means good worker, healthy, obedient but not a pushover. Envy of his friends and peers.

OMM 0000 · 10-07-2020 4:02pm

thomasdylan wrote: »

He's either bluffing or hitting at least 80-90 hours a week every week.

You don't know what his job is.

ELM327 · 10-07-2020 4:09pm

Wanderer78 wrote: »

how do you measure work hardness?

If you see a man awkwardly crossing his legs under the desk, he's work hard.

bush · 10-07-2020 4:25pm

Im not sure the op was bragging about how much money hes making more about how he manages the money. I think hes doing well for himself and he should proud of it.

Wanderer78 · 10-07-2020 4:27pm

Man with broke phone wrote: »

Simple, the work hardness test is carried out exactly the same way a BMI test is carried out. Good BMI means good worker, healthy, obedient but not a pushover. Envy of his friends and peers.

say wha?

thomasdylan · 10-07-2020 4:29pm

OMM 0000 wrote: »

You don't know what his job is.

No I don't.

I do know what the NCHD salary scale is. I'm on it myself. My colleagues are all on it. I know how many hours he would have to do to hit 120k, I'd be surprised if he or you are being truthful about what he makes.

Hes not a consultant so he's on the NCHD salary scale.

This is it · 10-07-2020 4:29pm

CBear1993 wrote: »

Would be very confident that people in their 20s aren’t earning €95K in the above, and if they are then fair f*cks to them. But they would be in the 1% bracket?

Sure a plumber or electrician with his head screwed on could be on €120K before thirty and he hasn’t opened a book in his life unlike the people working in the sector above.

Those people you are speculating about making that money in the above sectors are either doing massive overtime or in an extreme niche in that they have a very unique employer or skill set.

Hasn't opened a book in their life? The ignorance.

OMM 0000 · 10-07-2020 4:31pm

thomasdylan wrote: »

No I don't.

I do know what the NCHD salary scale is. I'm on it myself. My colleagues are all on it. I know how many hours he would have to do to hit 120k, I'd be surprised if he or you are being truthful about what he makes.

Hes not a consultant so he's on the NCHD salary scale.

Why are you pretending his job is on the NCHD scale?

thomasdylan · 10-07-2020 4:37pm

OMM 0000 wrote: »

Why are you pretending his job is on the NCHD scale?

What other scale is a doctor in their 20s going to be on? He's not a GP so presumably he's hospital based. You can't really complete specialist training in your 20s and be a consultant. If he's in a public hospital he's on the NCHD salary scale. If he's in a private hospital RMO is slightly better paid but it's a career dead end.

OMM 0000 · 10-07-2020 4:39pm

thomasdylan wrote: »

What other scale is a doctor in their 20s going to be on? He's not a GP so presumably he's hospital based. You can't really complete specialist training in your 20s and be a consultant. If he's in a public hospital he's on the NCHD salary scale. If he's in a private hospital RMO is slightly better paid but it's a career dead end.

I'm not saying what his job is, but stop pretending you know what his job is, because you don't.

How much money do you have left over at bills are paid

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