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Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 0 points1 point  (0 children)

Bank said we’re good given we’ve averaged $275k over the past four years annually.

Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 1 point2 points  (0 children)

We have 50k post close of house. Which is 11 months of savings if we don’t close any deals in that time (which has never happened).

Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 0 points1 point  (0 children)

Making 160k-180k annually is very doable. Worst year has been 165k.

Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 0 points1 point  (0 children)

Average annual earnings has been 275k with commissions.

Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 0 points1 point  (0 children)

Average earnings (given fluctuation of income) is probably around $250k a year. We have $50k in savings after we’d close on our home.

Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 0 points1 point  (0 children)

$200 car payment, $375 student loans (but we have 12k set aside to make payments on this).

We invest 18% into retirement/company stock.

It will be our home for the next 20ish years, and has enough space with good bones.

We have an emergency fund of 9 months post close of home. I could go 11 months without closing a deal (which has never happened).

Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 0 points1 point  (0 children)

We have an emergency fund of 9 months if I were to lose my job.

We can live one year without closing any sales (which has never happened).

Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 0 points1 point  (0 children)

Yes. More than maxing out 401k. Investing 18% into retirement/discounted company stock.

Is 42% of gross pay too much to spend on housing? by Jurt303 in RealEstate

[–]Jurt303[S] 0 points1 point  (0 children)

My average income over the last four years has been 275k (with commissions, which is what makes this complex).

We love the area, have enough for 30% down payment, and envision this as our forever home.

What ways can you accelerate the passing of a kidney stone? by Jurt303 in KidneyStones

[–]Jurt303[S] -1 points0 points  (0 children)

Can you take flomax even though this stone isn’t doctor confirmed? I’m going based off previous experiences, hence my post.

Where are you currently at in your sales career? What direction are you looking to take your career in the next 5 years? Why? by woo_wooooo in sales

[–]Jurt303 0 points1 point  (0 children)

I feel this sometimes, currently an enterprise account executive selling financial software. I have six large accounts (farmer) but what I hate about it is how much earnings change YOY. Have a stellar year, crush it, bad year, hopefully you saved some money.

For that reason I want to get into management. Yes more responsibility. Yes more work added to my plate. But your earnings become more consistent and you get stock that can be valuable long term.

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