charlescarmichael

Senior Sales Engineer

My first Q coming to an end

I'm jacked! My first quarter officially being on a sales team, with true sales goals and targets is coming to a close!

I tallied up all my quarter metrics and it looks like I'm hitting 2 of my metrics, and falling juuuust shy of the 3rd! all this to say is it feels great being able to control your pay and I'm so glad I took the plunge to get out of technically supporting sales as an engineer!

Question, how do you guys use your commissions - my goal is to use them both responsibly and for fun, but curious if you spend 50% and save 50% of those extra, non-guaranteed earnings?

🧠 Advice

💰 Compensation

15 comments

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SaaSsy

Politicker

Max retirement options, pay off bad debt, then enjoy the finer things in life.

poweredbycaffeine

WR Lieutenant

☕️

I am 80/20. 80% split into long term savings, short term savings and debt. 20% for me. I’m bonused once a year now, so it’s a larger purchase that I always plan for and it’s such a great payoff feeling.

Sunbunny31

Politicker

Sr Sales Executive 🐰

Congratulations!
Advice: don’t spend it before you have it.
Put some aside as savings/retirement/paying off loans, etc.
Something for yourself - something you’ve wanted for a while or a trip you can now afford.

Keep it up!

TennisandSales

Politicker

Head Of Sales

The methods that has worked best for me:

All the monthly things you need to cover and want to cover should be paid for by your base pay.

Then every commission check i split it up.
1. Short term savings: Xmas, vacation, trips ect
2. Long term savings: retirement pretty much
3. Fun money.
I assign a % to each category so each one gets attentions every check i get.

It’s worked super well for me.

Pachacuti

Politicker

They call me Daddy, Sales Daddy

Sock it away in savings. Sales is a roller coaster. Feast and famine.

HVACexpert

Politicker

sales engineer

Congrats on a great quarter! We have been putting a lot of money back into our house right now, which is more out of need, but certainly hope the investment pays off in the long run.

poweredbycaffeine

WR Lieutenant

☕️

I’m curious. Do you live in…Virginia.

HVACexpert

Politicker

sales engineer

Nope, I’m a Midwest man

CuriousFox

WR Officer

🦊

This shit ain't cheap 🚨🚨🚨

Kosta_Konfucius

Politicker

Sales Rep

Getting married so everything goes to that

Maximas

Tycoon

Senior Sales Executive

After making sure you got all the essentials covered.
Let's talk luxury, buy a new car, trade it in for a better one if you have one already or maybe think of its renovation.
If all good with the car think of any other In-House equipments you may need like AC or electronics.
If you still have some spare think of traveling for couple days with family or friends!

Diablo

Politicker

Sr. AE

Congrats buddy for the great quarter!

oldcloser

Arsonist

💀

Congrats! And please, whatever you do with it, do it responsibly. If you’ve got a 401k max it in the month you’re paid. If not, think IRA. It’s really easy to see it as free money when it comes in 1 chunk and your expenses are covered. It ain’t free. It ain’t a gift. You earned it.

If you want a thing that your base won’t pay for, drop some in the thing account and use it as incentive to make it twice more. Make it twice more and buy that badass thing.

charlescarmichael

Good Citizen

Senior Sales Engineer

Amazing! Thanks everyone and so cool to everyone’s advice and what they do as individuals! You guys are awesome!

Justatitle

Big Shot

Account Executive

I am all for splurging within treason, you’ll likely be a lot happier saving the majority of it though. Expensive shit is a very temporary high.

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charlescarmichael

My first Q coming to an end

15 comments

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