What would you do?

I have two deals in my pipe for 2022 that will be the largest in company history and if my company doesn't fuck me over somehow, I should net anywhere between 400k-800k a month per deal for 13 mo after close. 

I grew up poor. Obviously gonna buy a sick ass car (probably not because I'm a mom but I can dream), pay off all of our debt, and probably take some time off. But I've never heard of that kind of income before. 

I'm drunk so Thought this would be interesting to hear what everyone would do with such a large chunk. Obviously save, pay off debts, blah blah don't be boring. Let's get juicy. What are you buying? What are you doing with it? 

Edit to add: I'm 25 so retiring isn't really an option for me 
😃 Fun
🛡 Insurance
☁️ Software Tech
7
funcoupons
WR Officer
16
👑
Well, at least this is better fantasy writing than the last two seasons of Game of Thrones. 
poweredbycaffeine
WR Lieutenant
11
☕️
Here is the priority I put on windfalls aka big deal commish:

1) Debts
2) Retirement
3) Rainy Day Fund
4) Discretionary Spending

Don't buy anything you can't afford the payments for if you were to stop hauling in this kind of money; aka don't go out and buy a 2022 Land Rover Range Rover unless you are putting up cash for the full purchase price.

Enjoy yourself, but ensure your future self and family are set up for success. Present you eats last in this scenario. 
QueenSoopers
Opinionated
1
Account Executive
5.) Metaverse land + housing
6. NFTs?
Thanks for the response caffeine god. Agree with all and love that you said ensure your future self and family are set up for success.
poweredbycaffeine
WR Lieutenant
6
☕️
In 2021 I stopped thinking about momentary happiness and shifted towards a mindset of future/long-term comfort. Makes all the work you do today make much more sense when you are planning for enjoying skiing in Europe at 55 rather than if someone will notice my Stone Island hoodie today.
braintank
Politicker
2
Enterprise Account Executive
Please don't spend more than $200 on Metaverse and NFTs combined -- unless you're looking to launder some cash
QueenSoopers
Opinionated
0
Account Executive
definitely would never. also don’t know enough about it to feel comfortable getting into that world
braintank
Politicker
2
Enterprise Account Executive
There's not much to know other than it looks and acts like a giant ponzi
Rallier
Politicker
1
SDR Manager and Consultant
I feel like poweredbycaffeine's response is the answer to this. Be smart, but also enjoy yourself
CuriousFox
WR Officer
0
🦊
Adding the cost to maintain and constantly fix said Range Rover too.

Not that I'd know anything about it.
poweredbycaffeine
WR Lieutenant
6
☕️
I'm back @QueenSoopers -- I am putting the math together in my head and I cannot think of a business that would pay this well, or super salesperson that is going to net between 5.2M and $1.04B in commission off of a single deal, let alone two, at 25 yo. So, can you tell us what got you to that math, and how your comp plan works?
DungeonsNDemos
Big Shot
2
Rolling 20's all day
Maybe she expects to close Apple and Tesla for some crazy new kind of payments processing where they paid get upfront for some enormous software package and then rake in billions from processing and she gets a % cut? 

And a 25 year old got into both accounts to close them...

Didn't Apple valuation hit $3 Trillion today?

edit: just scrolled down and read her reply lol
poweredbycaffeine
WR Lieutenant
2
☕️
Yes…the reply says it all. I’ve worked in insurance and I know some CRO is going to kill this as soon as they see the commish figures from salesops. 
Diablo
Politicker
3
Sr. AE
So happy for you, all the best and hope all your dreams come true
sugardaddy
Politicker
3
Head of Sales
First of all. Congrats on that big win (if it lands, it slams!) 
I would ofc. pay off all the debt i could - and blow something off on some fun. Car, Vacation. 

For goooood sake! Save some! You're 25. Money comes and go! But please, promise yourself to save a good chunk! 
SalesBeast
Politicker
2
Ty
QueenSoopers
Opinionated
1
Account Executive
yes. obviously. not banking on these by any means since they’re both only in the demo + general discussion stages since we are essentially building products for them. that’s why this post was not labeled as advice, but as a discussion. i don’t have the deed for a lambo in my hands waiting for this.
again, like i said in the first paragraph, i figure my company will try to screw me somehow. i’m almost counting on it.
paragraph 3 asks what are YOU doing with it? so do you have something to add to the discussion? or did you just want to regurgitate sales 101 back to me?
QueenSoopers
Opinionated
0
Account Executive
I have an appointment with my psychiatrist** this week. thanks! I can follow up with you and let you know how that goes if you’d like.
Let me know if your job is hiring. If those kinda of deal sizes don’t make you dream then I must be in the wrong kind of software. I’ll bring that up with my psychiatrist this week.
Cheers!
Sunbunny31
Politicker
2
Sr Sales Executive 🐰
One other thing: Buy a house. If you already have one, great! Buy another and move into it, keeping the first one as a rental, OR buy another and use as a rental. (first way is better for taxes/capital gains). Hire a management company to handle the rental so you don’t have to navigate the rules and take the 2 am calls when the toilet overflows. Nobody I’ve talked to has ever regretted having additional real estate.
QueenSoopers
Opinionated
2
Account Executive
No I totally agree @poweredbycaffeine They’re going to try to pull a fast one - why would they not? I’m 25. If a signature actually becomes feasible (aka a contract goes out) I’m going to sit down with a lawyer prior to that signature and/or implementation.
Sunbunny31
Politicker
1
Sr Sales Executive 🐰
Yeah, I got into the fantasy of spending your (non-existent) money because it was fun.

But then, take my story:   I was in a situation many years ago where the comp was structured in such a way that, had everything been paid the way it should have, I would have gotten somewhere around $750K all told.  I took one look at that, thought, no way is that happening, and sat back to see how the company would restructure the comp.  I did not have to wait long - they chose to exercise the big deal clause on one of the accounts that closed.  The trickledown effect was such that it would actually have pushed me below 100% attainment, however, which also was not fair.   Fortunately, I had a VP who was acutely aware of the situation who went to bat and negotiated a very nice settlement internally that made everyone happy, or happy enough, and life moved on. 

So - yeah, fun to imagine what to do with a windfall, but do realize they will go out of their way to make sure it's within what they feel is reason.
QueenSoopers
Opinionated
0
Account Executive
The *only* thing i have working in my favor is that we don’t actually have a “big deal clause” in anyones comp plan. Because deals like this aren’t supposed to exist in our pipeline. Even our enterprise reps could hypothetically sell a deal of whatever for their baseline percentage.
Where I’m expecting them to screw me is if the volume for the deals exceeds minimums but is not fully ramped for like a year or something. They’ll obviously only pay me based on that 13 mo after they begin transacting no matter if it’s ramped or not. So if by month 14 rolls around and they’re finally ramped to the volume they said, i won’t see a dime.
All I wanted was for people to delve into their own fantasy. I am acutely aware of the fuckery that will ensue IF this goes through.
Filth
Politicker
2
Live Filthy or Die Clean
I think the most logical move would be to buy a pool for each yard and a tiger. 
QueenSoopers
Opinionated
1
Account Executive
Is there a tiger in the bathroom?
Sunbunny31
Politicker
1
Sr Sales Executive 🐰
The car sounds great.  You can have the sick car and still have the family car - and (boringly) just make sure you put enough aside to cover expenses related to having the expensive car for years to come, and enjoy.

How about a very nice vacation to a spot or spots you've always wanted to visit?  For me, a European tour of some kind sounds like bliss, but I might shelve that for a year and aim for next summer so I could plan and maybe the pandemic will have settled down a bit more by then.  So maybe a trip to a wonderful tropical location that you can really enjoy for a while.

And I'd donate to a great cause or causes.   The opportunity to really make a difference would be compelling.

I really hope these all come true for you and you are faced with such a great problem.
QueenSoopers
Opinionated
1
Account Executive
yep donations is in the top 5 for me. appreciate you bringing that up!
tell me about your european dream tour. i’ve been to belgium, france and germany but i’ve been dreaming of the swiss alps recently.
Sunbunny31
Politicker
1
Sr Sales Executive 🐰
Oh gosh, those are seriously on my list. Also the Dolomites and Bordeaux in France. I’d like to visit Austria and Poland (near Krakow - ancestors). Turkey. And some winding roads in between all those places and enough time left for serendipity and discovery.
QueenSoopers
Opinionated
1
Account Executive
highly recommend Belgium. i have family in Germany so we stayed in a small town with them mostly and didn’t go to like Berlin or any of the bigger cities, so i’d love to do that. the french country side is also calling my name 🤩
Yessss on Austria as well!!!
Sunbunny31
Politicker
1
Sr Sales Executive 🐰
Belgium sounds good. I have a relative who visited Berlin and found it sterile and not inspiring after they’d been through Italy and parts of France. YMMV.
DungeonsNDemos
Big Shot
1
Rolling 20's all day
holy shit, 400K-800K per month?
Lol congrats on retiring in a year hahaha
QueenSoopers
Opinionated
1
Account Executive
it sounds dreamy but i can’t imagine my company will let me get it scathe free lol
but yeah that’s what i should net after tax. that’s if we only get 50% of each volume they do at $0.01 for pricing. fucking insane.
1nbatopshotfan
Politicker
1
Sales
As usual @poweredbycaffeine covered a lot of the best stuff. 

I would also recommend a bond/CD ladder. Taking the money you have now, and putting 20-30k a month into different length bonds and cds to create a revenue stream for at least a year out will give you an incredible amount of freedom. With each month that matures, if you don’t need the money, by a new 12 month bond. You’ve secured a years salary that you can count on if you do this. 
QueenSoopers
Opinionated
1
Account Executive
sure happy to @poweredbycaffeine @poweredbycaffeine only thing i can’t get super into is the inner workings of my company because we are small and kind of niche, so if you really wanted to you could find me pretty easily. <br>so to preface, my company is a mid sized company that is relatively new (only 10 years old) and we sell into insurance primarily, but this year we acquired a wallet file to provide pre-fill data (think like what comparative raters use) so we are expanding into a couple of different sectors. the largest deal my company has sold was to Fedex (i think - or USPS) on the other side of the business and that was only like 2 or 3 mil. <br>in terms of my comp plan, i get 11% of any guaranteed revenue AND true-ups at 11% for a continuing 13 months period. no caps on that. additionally, my company offers accelerators at 150% (16%) and then 190%+ (19%). to specify, it’s after attaining 150 &amp; 190 of my annual quota. no monthly or quarterly attainment bonus. then of course my base salary. again, no caps on a certain amount i can earn according to my comp plan and contract i signed. <br>so now for my math. at my meeting last week with this company, they quoted us 60M transactions a day just in their auto space (we specialize in commercial auto). so the math i did was simply 30M (half of their daily volume) x 0.01 (one cent - what id price them at if they didn’t buy our entire “suite”), multiply that number by 30, multiply that number by 12. did some (very) rough calculations of tax + retirement deductions (Tennessee) and i got that. the other one in my pipe should be at least 1.5x the volume of the other, which before anyone barks at me, i realize is an assumption, but they’re also considered one of the big names in the space and the smaller one is… not. also aware we may not get 50% of their business - again, all assumptions based off of what we were told in this meeting last week. <br>so with my quota being 750, i did that at 11%, the next 350 at 16%, then the rest of the total dollar amount at 19%. i did have my finance bro husband help me with this because i can’t do math. <br>i think that covers it? happy to answer more.
poweredbycaffeine
WR Lieutenant
4
☕️
That would be very interesting to see how it plays out as I believe you're going to experience massive company "oh fuck no" syndrome. However, I could be wrong--as I have been in the past about how companies treat their employees for creating revenue. Best of luck on this--but don't put much thought into it (what to do with the money) until you have a signature.

FYI: You could have a fully funded retirement for you and your husband if you were to save all or most of that money.
Upper_Class_SaaS
Politicker
0
Account Executive
Buy land in the metaverse. You future self will be very happy with you in 10 years 
poweredbycaffeine
WR Lieutenant
4
☕️
In 2022 I hope we all strive to stop talking about the following in this community:

Crypto
NFTs
Metaverse
Upper_Class_SaaS
Politicker
2
Account Executive
Funny how you say the same thing and get 5 upvotes but I got a negative vote for what I said smh
poweredbycaffeine
WR Lieutenant
3
☕️
I didn't say the same thing--I said we should stop talking about it here.
funcoupons
WR Officer
1
👑
☠️
Upper_Class_SaaS
Politicker
0
Account Executive
lol that's what I get for not paying attention 
braintank
Politicker
2
Enterprise Account Executive
Don't spend more than $100 on virtual property...
QueenSoopers
Opinionated
2
Account Executive
FACTS!!
QueenSoopers
Opinionated
0
Account Executive
.
CRAG112
Valued Contributor
0
Account Executive
Get a certified accountant and schedule a meeting, discussing your bills and debts. 

They will give you real advice. You will value it more and be more likely to implement it into your lifestlye because it wasn't free or cheap. 
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