coletrain
How much are you spending a month?
How much do you spend/budget a month for yourself?
Attached poll
*Voting in this poll no longer yields commission.
32
Base first. Then YOLO ๐
Enjoy it (i guess you still don`t have kids๐
)
Budget with your base
Right there with you, helps avoid lifestyle creep which is especially easy in the sales world.
This has always been the motto. No matter what happens in terms of deals and commish, if I am good with my base, there aren't any issues.
I'm definitely spending more than usual. Just moved into the house, and so many little expenses that add up.
I never thought I'd need so many sizes/varieties of garbage/recycling/compost bags.
I never thought I'd need so many sizes/varieties of garbage/recycling/compost bags.
Just bought a house too. Cash to close had me STRESSED. But itโs an investment and an asset blah blah blah
Oh man, we had to change mortgage brokers at the 11th hour, so much stress with that and just everything else
LOL. Did you get that Traeger yet?
Things have been crazy but probably order it this weekend. It'll be a bit sad to see my commish go from 11K to 2K, at least until I'm eating tasty meats
I havenโt ordered mine yet. Dilly dallying ha
Honestly, you wonโt regret it once youโve got that bad boy working for you.
I budget with my base and even with that I live below my means for now.
Yup, I budget a bit below my base for expenses. I try to leave 1/3 each month to invest in long term indexes and save/invest the rest. Trying to find other revenue streams as well.
Game recognize game
I try to live above my base AND above my OTE. Credit card debts and personal loans baby! I'm sure Biden will forgive my loans pretty soon, banking on that one
Unless your financial planning includes "win the lottery", you're doing it wrong, am I right?
I like to think about a โwhat if I actually winโ plan, as outlandish as it may be. Helps me focus on actual long term goals
Not bad as a strategy, and Iโm not averse to having a little โwhat ifโ dreaming as incentive, but terrible for long term financial planning. ;)
I live off my base and any extra goes to savings. Most of my commish goes to investing
Respect the discipline game.
YOLO base, budget commish, this will cause work ethic to go way up! Thats what my VP Sales says
Yikes ๐
Live off the base and try allocate about 20-30% of my take home into long term investments. Already have a 401k with employer match. These investments are into IRA, individual brokerage account, art, etc.
Then with commish, more savings / efund, long term investments, fun money.
I'm a budget nerd and have spreadsheets out the ass.
Then with commish, more savings / efund, long term investments, fun money.
I'm a budget nerd and have spreadsheets out the ass.
I put all my earnings into a policy and then borrow against it to pay all my bills. Loans are tax free and I still have all my money that is growing at compounding interest in my policy. I have tons of cash value for anything I want to do during my lifetime. Making the most of every dollar I earn, otherwise it's just gone. This is what the wealthy do and use to grow their money.
what do you mean by a policy?
Budget off base, commission is gravy on top.
budget off your base. Commission is for fun, savings, and investing.
I've also recently gotten on a big Dave Ramsey kick so all my commish checks are going towards paying things off. I don't have a ton of debt but I definitely see the benefit in having 0
I've also recently gotten on a big Dave Ramsey kick so all my commish checks are going towards paying things off. I don't have a ton of debt but I definitely see the benefit in having 0
I have 1 kid in college and one in HS. I'm lucky to be only spending the base.
We try to save some of our base, but with the rising cost of groceries it's very hard. I feel like my wife and I are always at a grocery store.
I have to admit it's hard to budget especially when my knuckle head friends love a great bender at an overpriced club.
Butttt
I'm a king that locked in a 30year fixed mortgage at the July 2020 rate of 2.73%
So in a way, I'm getting paid to live in my house and keep paying debt.
Butttt
I'm a king that locked in a 30year fixed mortgage at the July 2020 rate of 2.73%
So in a way, I'm getting paid to live in my house and keep paying debt.
That absolutely is king shit, respect
My partner and I have the same weekly personal spending budget, around 200 USD. Means we never fight about money.
Currently, our salaries cover all living expenses including rent and our investment property mortgage. Any of my commission is savings (currently building a deposit for our own home or a second IP). In my new role, my base increases 48%, but Iโll keep the budget the same.
Currently, our salaries cover all living expenses including rent and our investment property mortgage. Any of my commission is savings (currently building a deposit for our own home or a second IP). In my new role, my base increases 48%, but Iโll keep the budget the same.
Budget with the base then commish goes to investments/saving for house & wedding.
I save and spend my base... Bonus and commission is considered extra in financial plan. Managed to land a senior AE role with a high 100s base which really helped on living how I want to. My wife is also a doctor about to finish fellowship, so she will be getting a 3-4X comp increase next July when she starts as an attending.
Iโve always been a โlive on base, commission is extraโ sort of guy. Commission was never factored into my cost of living or lifestyle.
Iโve always been a โlive on base, commission is extraโ sort of guy. Commission was never factored into my cost of living or lifestyle.
Does anyone have a referral for good jobs with base plus commission?
I spend way to much money and its bad but you got to look good
We get paid every two weeks so I even budget to only getting two paychecks in a month. The 3rd paycheck in the two months out of the year goes to vacation.
38 comments