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re: *Updated* Life changing income about to happen and I need advice
Posted on 5/15/20 at 11:09 am to baldona
Posted on 5/15/20 at 11:09 am to baldona
Thanks Baldona.
Right now we are looking at her taking in $500K. Two months ago we projected $60k for the year. It is still growing and lately her prospects may take it to 7 figures by early next year.
For the previous poster who stated to lead by example by marrying right, etc. Never thought of it that way. Thanks. I grew up where if you were not up by 7:30 and sweating by 9, you were a bum.
She is in sales.
My subordinate at work who is extremely overqualified told me his plan of doing something new a year ago and his ideas. His brother sells ans manages those credit card swipers at grocery and box stores. He pulls in $500 k from that. He told me that there is a ton of money out there floating around. Now I believe it.
Right now we are looking at her taking in $500K. Two months ago we projected $60k for the year. It is still growing and lately her prospects may take it to 7 figures by early next year.
For the previous poster who stated to lead by example by marrying right, etc. Never thought of it that way. Thanks. I grew up where if you were not up by 7:30 and sweating by 9, you were a bum.
She is in sales.
My subordinate at work who is extremely overqualified told me his plan of doing something new a year ago and his ideas. His brother sells ans manages those credit card swipers at grocery and box stores. He pulls in $500 k from that. He told me that there is a ton of money out there floating around. Now I believe it.
This post was edited on 5/15/20 at 11:15 am
3
Posted on 5/15/20 at 1:47 pm to Mariner
quote:
I grew up where if you were not up by 7:30 and sweating by 9, you were a bum.
wut? You’re a POS if you sleep till 7:30 IMO.
Posted on 5/15/20 at 2:37 pm to Mariner
quote:
Right now we are looking at her taking in $500K. Two months ago we projected $60k for the year. I grew up where if you were not up by 7:30 and sweating by 9, you were a bum.
She is in sales.
What's your current household income?
I would absolutely not plan on moving right now until you get a shite ton of money in the bank. After taxes and let's say you put $100k in the bank, you don't have a lot of money left every year to really splurge.
DON'T make the mistake of going bankrupt here because you overspend due to 2-3 years of great income and then expect that lifestyle to continue.
I'd figure out a way to budget a ton of savings and then budget out specific amount to splurge on. Let her buy a new car, or a nice vacation, or whatever. Live normally for 2-3 more years for the most part.
Posted on 5/15/20 at 3:02 pm to Mariner
quote:
She is in sales.
Ok, now we know it is internet based and she is in sales. Why not say what it is? You might be looking at potential sales for her...
500k is a lot of money but not as much as you think once you pay taxes, start buying new toys and upgrading stuff.
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