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
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๐Ÿฑ Off-Topic
๐Ÿ„ Personal Life
๐Ÿ’ธ Investing
26
Beans
Politicker
20
Enterprise Account Executive
Live off the base.

Commission gets invested, trying to have that early retirement life.
Don_Ready
Politicker
7
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
2
New Business Development Representative
Do that and you never have to worry about emergency expenses cause they come out of commission. I do this too.
TacoBanjo
Good Citizen
0
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 
YoursTruly
Politicker
0
Account Executive (SaaS)
If only you could live off of a base salary in Seattle
Salespreuner
Big Shot
0
Regional Sales Director
Best, short piece of advice๐Ÿ‘Œ
Telehealth_2the_Moon
Notable Contributor
4
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
1
Business Development Manager
This is a great answer! very well thought out investments.
Telehealth_2the_Moon
Notable Contributor
1
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!
CoorsKing
WR Officer
4
Retired King of the Coors Knights
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
2
Business Development Manager
I miss being at a company with an ESPP. definitely a good investment

Wolfof7thStreet
Valued Contributor
1
AE
Planning on buying into our ESPP asap
BlueJays2591
Politicker
1
Business Development Manager
How much of a discount does your company give you for your ESPP?
Wolfof7thStreet
Valued Contributor
0
AE
5%, it is a very solid LT stock/company though so the lower % makes sense
CrushingQuota
3
Enterprise Account Executive
I've recently dedicated 15% of all my earnings into crypto, incremental buys, mainly $BTC
Soldmysoultoselltech
Praised Answer
2
Account Executive
Been doing this recently as well. So far so good
BlueJays2591
Politicker
1
Business Development Manager
Like partial shares of BTC?
CrushingQuota
3
Enterprise Account Executive
yes, by trying to reduce my average order price.ย  Buying the dip basically.
Telehealth_2the_Moon
Notable Contributor
3
Director of Business Development
DCA is the term usually used for it too. When you want to invest a certain amount of money but know it's too hard to "time" the market. Just setting a specific number to go in a set time, $XX every 5 days, with the idea you'll buy in low sometimes, high others, and it averages out in the end.
BlueJays2591
Politicker
1
Business Development Manager
where are you buying partial shares of BTC? I use Fidelity and Robinhood for certain things, just haven't seen BTC partial shares anywhere.
CrushingQuota
2
Enterprise Account Executive
Coinbase, Binance, Gemini, etc.
Telehealth_2the_Moon
Notable Contributor
2
Director of Business Development
Anywhere you can buy crypto sells it in chopped up bits. They are called Satoshis (spelling might be off). This is how you can get specific amounts paid back and forth.ย 

Coinbase is the standard one, easy to use. There are multiple others with different pro/cons but for someone new I always recommend Coinbase.
BlueJays2591
Politicker
0
Business Development Manager
Any other cryptos that you recommend right now besides the big ones? I just started last week on Coinbase.ย 
Telehealth_2the_Moon
Notable Contributor
0
Director of Business Development
ETH and BTC are always the big dogs so it's good to keep that in mind. Even if they are somewhat outdated compared to new cryptos on the market, they have the name recognition and are starting to become understood at a larger scale. This means mainstream adoption which locks them into the top even more.ย 

I would recommended taking some time to read through the top 10 by market cap on Coinbase. Each coin has it's own spin on things. There are coins that are:

- A store of value (Bitcoin)
- That enable things to happen on a blockchain (Ethereum)
- Stable coins that are tied to a specific thing that they track (usually the US dollar [tether, USD Coin]
- Take blockchain tech and make it smoother for P2P transactions (Bitcoin Cash, Litecoin)
- Do a ton of other things using blockchain enabled tech like cloud storage
- Provide financial services like loans and more

This is heavily simplified, but by reading up on the different projects going on you can get an idea about things you find interesting or want to support.ย 

Also, it's hugely volatile. You should consider anything in crypto to be what traditional money management and investing to be highly risky, even the big ones.ย 
BlueJays2591
Politicker
1
Business Development Manager
I'm looking at my crypto investments as my risky portfolio. its why its taken me this long to get into it. all money i'm putting into it i know that i can afford to lose it all. so it's moon or bust with these investments.ย 
Telehealth_2the_Moon
Notable Contributor
1
Director of Business Development
100% right mindset. I'm pretty bullish on crypto longterm, but I do know it can very likely bottom out like it did just 2-3 years ago.
BlueJays2591
Politicker
1
Business Development Manager
I heard a $10T market value projection in the next 3-5 years. it's just a projection, but that's one hell of a forecast.ย 
Telehealth_2the_Moon
Notable Contributor
0
Director of Business Development
For sure, I think it's gonna keep growing big time, but I know that as the governments pay more attention and big business pays more attention there could be some serious changes.
ray
Executive
3
Head of Sales - EMEA Growth
Base salary to live off. Commission to invest in GameStop.
DosesAndMimosas
Good Citizen
2
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
0
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
2
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
1
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
1
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
Telehealth_2the_Moon
Notable Contributor
0
Director of Business Development
Oh yeah for sure, having that chunk in savings is really important. It allows you to peruse what you want with your money knowing that it's there if you ever need it.ย 

Hitting our emergency savings fun goal was awesome, it was like a mini-raise since we had more to spend with after that was off the books.
GRIFFindor
Opinionated
2
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 
YoursTruly
Politicker
2
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
0
Business Development Manager
As HSA is something I need to start using. never looked into it to actually see what the benefits are.
Incognito
WR Officer
1
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
0
Business Development Manager
I max matching in my 401k but I haven't done an FSA yet.
Wolfof7thStreet
Valued Contributor
1
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
1
Business Development Manager
do they not have commission for your role?
Wolfof7thStreet
Valued Contributor
0
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
BlueJays2591
Politicker
0
Business Development Manager
i'm a firm believer in individual commission for all sales people. incentivize hard work.ย 
MoneybaggYo
Good Citizen
1
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
1
Business Development Manager (staffing sales)
I invest as much as I can. Wallstreetbetsย 
JDialz
Politicker
1
COO
$10k/mo regardless of what happens.
wessidesales
Good Citizen
1
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
1
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
1
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

MoneybaggYo
Good Citizen
1
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
MoneybaggYo
Good Citizen
1
Enterprise SDR
And remember- long term investing always beats speculation aka gamblingย 
BlueJays2591
Politicker
0
Business Development Manager
are there any other cryptos you are investing or looking to invest in outside of those 3?
MoneybaggYo
Good Citizen
0
Enterprise SDR
Some small coins in DeFi (Ethereum tokens) like STX. Still very new to DeFi so for now I'm mainly sticking with the big 3 I mentioned (even though LINK isn't big... yet....). Will probably allocate most heavily into ETH for now since they're supposed to have a major update by July
stratman
Politicker
1
Sales Engineer
15%. Commish goes to the mortgage.
BlueJays2591
Politicker
0
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
1
Account Executive
Investing as much as I can and living as frugally as humanly possibleย 
braintank
Politicker
1
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
Fire Starter
1
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
1
Commercial Account Executive
11% to my Robinhood, 6% plus company match in my 401K rest for bills and enjoyment
BlueJays2591
Politicker
1
Business Development Manager
what does your company match if you don't mind me asking?
Chep
WR Officer
1
Commercial Account Executive
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.
Chep
WR Officer
1
Commercial Account Executive
Agreed I'm very happy with the benefits my company offers
thegrinch
Politicker
1
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
0
Business Development Manager
what type of small business do you have?
Blackwargreymon
Politicker
1
MDR
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 
Clashingsoulsspell
Politicker
1
ISR
Do that and you never have to worry about emergency expenses cause they come out of commission. I do this too.
Aaronlovessales
Opinionated
0
Financial advisor
I do 5% to Roth 401k, 100/ week into Roth and 100/week to brokerage account
JesterQueen
Politicker
0
ISR
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.
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