Back
The War Room
Discussion
Post

How much of your paycheck are you investing?

I always find it interesting to see how much people are investing. Do you have a set amount that you invest each month no matter what you bring in or do you tailor it to each month?

How much do you invest?
Attached poll
*Voting in this poll no longer yields commission.
๐Ÿฑ Off-Topic
๐Ÿ„ Personal Life
๐Ÿ’ธ Investing
23
Beans
Politicker
+5
Account Executive
Live off the base.

Commission gets invested, trying to have that early retirement life.
Don_Ready
Politicker
+3
AE
I was hoping someone else did this as well. I've done this my entire career and I'm definitely happy with how it's worked out.ย 
ChicagoCloser1717
Politicker
+7
Account Manager
Do that and you never have to worry about emergency expenses cause they come out of commission. I do this too.
sahil
Notorious Answer
+13
Deepak Chopra of Sales
Damn that's smartย 
Ta
TacoBanjo
Good Citizen
Director of Sales
I would add for people w/ debt:

Live off the base.ย 

A percentage of commission goes to pay down more than min payments on debt (For instance, I put 20% of commission into paying off mortgage above monthly payment) and rest gets invested.ย 
no
nowimdun
Opinionated
+1
Account Executive (SaaS)
If only you could live off of a base salary in Seattle
Salespreuner
Big Shot
+11
Regional Sales Director
Best, short piece of advice๐Ÿ‘Œ
Telehealth_2the_Moon
Notable Contributor
+12
Director of Business Development
I have a minimum goal each month that is what I consider my consistent 401k growth. From there, I have "tiers" in a way for anything over my base salary.ย 

First X amount goes to some improved standard of living things that I can live without but really like having: Ex. Professional cleaning service

After that's covered the majority after that is divided up between floating savings accounts (ex. vacation fund) and investments. This is because I have my safety fund where I need it (if you don't do this first!) Investments are a range of things, majority is in the market, but also put extra towards the mortgage and divide up some into some more fun things (ex. Crypto).ย 


BlueJays2591
Politicker
+6
Business Development Manager
This is a great answer! very well thought out investments.
Telehealth_2the_Moon
Notable Contributor
+12
Director of Business Development
Haha thank you, some of it is my own thinking, I also have a close friend who does enough research into investing that I can usually ask him for ways to approach things and he's got the "best" answer. Sometimes I won't go with it because it isn't as fun, but at least I know what the math says!
BigMeech
WR Officer
+11
Coors Light Advocate
10% to 401K

15% to ESPP

10% to misc (crypto, mutual funds, etc)

Rest goes towards bills/misc expenses for the month, anything left over goes to a liquid "rainy day fund"ย 
BlueJays2591
Politicker
+6
Business Development Manager
I miss being at a company with an ESPP. definitely a good investment

Wo
Wolfof7thStreet
Opinionated
+5
AE
Planning on buying into our ESPP asap
BlueJays2591
Politicker
+6
Business Development Manager
How much of a discount does your company give you for your ESPP?
Show 2 more replies
CrushingQuota
Enterprise Account Executive
I've recently dedicated 15% of all my earnings into crypto, incremental buys, mainly $BTC
Soldmysoultoselltech
Praised Answer
+1
Account Executive
Been doing this recently as well. So far so good
BlueJays2591
Politicker
+6
Business Development Manager
Like partial shares of BTC?
CrushingQuota
Enterprise Account Executive
yes, by trying to reduce my average order price.ย  Buying the dip basically.
Show 11 more replies
ray
Executive
+6
Sales Director - UK, Ireland and Nordics
Base salary to live off. Commission to invest in GameStop.
DosesAndMimosas
Old School Bravo
+1
New Business Manager
My wife and I decided that we use her corporate finance salary to pay bills/groceries and other expected expenses and use my commission checks to invest and pay down debt.ย 

We've been able to pay off both of our student loans and build a considerable portfolio and be aggressive about saving for a house. I highly recommend it to any newlyweds without kids.ย 
BlueJays2591
Politicker
+6
Business Development Manager
thankfully I had the Army pay for my undergrad, but my wife's student loans and my MBA is adding up. That isa great idea though. you're definitely set up for the long haul and will be in good position to retire early.
Coffeesforclosers
Notable Contributor
+11
Director Sales and Market Development
Besides 401k which i do max, i have an auto transfer on paydays from checking to savings of another 10%. I put 20% away a month. But i also spend cause you cant take it with you
Telehealth_2the_Moon
Notable Contributor
+12
Director of Business Development
Do you have a target for that savings account? After hitting the safety net point it can make sense to find additional investments or debt to pay down.
Coffeesforclosers
Notable Contributor
+11
Director Sales and Market Development
Yes, i have a target and then set a new one, like a commission plan lol. I do consider that extra more investible or do new renovations/trips/looking at more property purchases too. Dabble in crypto and with a portfolio guy too as sitting in savings makes nothing but i like to know its there
Show 1 more replies
GRIFFindor
Opinionated
+1
Sales Nerd
Max out your retirement accounts as early on as possible each year. Then set aside some each paycheck after that for "other" investments.ย 
no
nowimdun
Opinionated
+1
Account Executive (SaaS)
20% into my 401k until its maxed. $5,500 into my hsa annually. (Tax free $ that i never lose and is able to be invested into index funds) also a variable amount into my fidelity account based on bills/excess.ย 

Once my 401k is maxed i put 10% of post tax into my IRA
BlueJays2591
Politicker
+6
Business Development Manager
As HSA is something I need to start using. never looked into it to actually see what the benefits are.
Salespreuner
Big Shot
+11
Regional Sales Director
Most commission on to investment. Yet, a % of base goes in , too!
Adslanger1
Opinionated
+3
Senior Account Executive
๐Ÿ‘๐Ÿป
Salespreuner
Big Shot
+11
Regional Sales Director
๐Ÿ™
Incognito
Arsonist
+9
Master of Disaster
I just look at my bank account every now and then, and if thereโ€™s extra I donโ€™t need in the immediate future I toss it into my investment accounts.

However, I do contribute a decent portion of my paycheck to my 401k because there is some matching. And my FSA.ย 
BlueJays2591
Politicker
+6
Business Development Manager
I max matching in my 401k but I haven't done an FSA yet.
Wo
Wolfof7thStreet
Opinionated
+5
AE
I am in an entry level SDR role in a very expensive city. That being said I am saving 6% matched for 401k, and invest in stocks/crypto here and there. Need to get on commission alreadyย 
BlueJays2591
Politicker
+6
Business Development Manager
do they not have commission for your role?
Wo
Wolfof7thStreet
Opinionated
+5
AE
It is a quarterly bonus depending on performance on a few metrics. Tries to be a good incentive but is tied to Org performance too and very wacky. Closers get commission - interviewing as we speak
Show 1 more replies
Mo
MoneybaggYo
Good Citizen
Enterprise SDR
This is the way. Get any free money you can and then throw it all into crypto. (Some index funds / tech stocks too but mainly crypto). Weโ€™re young - we can make it all back if it crashes or have huge upside potential. Iโ€™m also an SDR about to be an AE. Good luck with your interview!
Bgame11
Good Citizen
+2
Business Development Manager (staffing sales)
I invest as much as I can. Wallstreetbetsย 
JDialz
Politicker
+5
COO
$10k/mo regardless of what happens.
wessidesales
Good Citizen
Sales Development Representative
i live off my base and invest my comission. besides my 401(k) coming out of my base. commission is spent on investments and fun stuff
BlueJays2591
Politicker
+6
Business Development Manager
i've seen a lot of people doing this. i might need to reel in a bit and start this
wessidesales
Good Citizen
Sales Development Representative
depending on your base it might be a little tough to live on. for example when i first started in sales i was making $35k base and no commission and i was scraping by. fast track to now making more base which i live comfortably. so start out small so you can pay your bills, whatever debt you have (if there is any), etc. and go up from there.

had a family member in sales tell me this is what he did and its worked out great. if you want a start on where to look at for investing look at these booksย 

https://www.investopedia.com/articles/younginvestors/09/5-books-for-investors.asp

Mo
MoneybaggYo
Good Citizen
Enterprise SDR
Iโ€™m still young and entry level but Iโ€™m throwing literally every free dollar into Bitcoin, Ethereum, and Link. Iโ€™d advise you all to do the same if youโ€™re already in a good spot financially (or if you can manage the volatility long term). Just dollar cost average. Trust me guys
Mo
MoneybaggYo
Good Citizen
Enterprise SDR
And remember- long term investing always beats speculation aka gamblingย 
BlueJays2591
Politicker
+6
Business Development Manager
are there any other cryptos you are investing or looking to invest in outside of those 3?
Show 1 more replies
stratman
Politicker
+2
Sales Engineer
15%. Commish goes to the mortgage.
BlueJays2591
Politicker
+6
Business Development Manager
looking to be financially free early on. not a bad idea. i put an extra 2-3% toward my mortgage but most of it goes into a separate account to invest in rental properties.
countingmyinterest
Politicker
+2
Account Executive
Investing as much as I can and living as frugally as humanly possibleย 
braintank
Politicker
+6
Enterprise Account Executive
Max IRA & HSA ASAP. 30% to 401K until max. Then $500-$1000 per month into brokerage for the rest of the year... repeatย 
TheJoker
Good Citizen
+2
VP of Sales
Is giving a commission share to your wife counted as an investment?

Live of the base and invest the rest, but once your base gets higher, also invest some of your base too.ย  Make a plan.ย  Stick to it.
Chep
WR Officer
+10
Business Development Team Lead
11% to my Robinhood, 6% plus company match in my 401K rest for bills and enjoyment
BlueJays2591
Politicker
+6
Business Development Manager
what does your company match if you don't mind me asking?
Chep
WR Officer
+10
Business Development Team Lead
6% is the max amount I can donate that they will match. It's been a minute since HR gave me the presentation but of that 6% that comes out of my paycheck they match 3.5% of my paycheck. So it's like half of what you contribute plus a half-point.
Show 3 more replies
thegrinch
Politicker
+5
SDR
I'm pretty frugal and save about 80% of my income. 20% goes towards food and rent. The remaining 80% goes towards investments and towards investing in my small business. I am hungry for financial independenceย 
BlueJays2591
Politicker
+6
Business Development Manager
what type of small business do you have?
SA
SADNES5
Politicker
+6
Business Development
20% no excuses.
Aaronlovessales
Opinionated
+4
Financial advisor
I do 5% to Roth 401k, 100/ week into Roth and 100/week to brokerage account
3
How much money do you make?
Question
14
$$$
+67
TheBloodyNine , ย  countingmyinterest , ย  Stratifyz ย  and 67 people voted
3
How much money did you make it 2020?
Question
5
How much money did you make it 2020?
Fi Ra
+39
TheBloodyNine , ย  Finance , ย  Ratracerunner ย  and 39 people voted
21
Investing Money
Question
39