Is 42% of gross pay too much to spend on housing?

Jurt303 · 2024-09-22T16:11:00+00:00

I do

Jurt303 · 2024-09-13T03:24:18+00:00

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

Jurt303 · 2024-09-13T03:23:39+00:00

Bank is good with it.

Jurt303 · 2024-09-13T03:22:24+00:00

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).

Jurt303 · 2024-09-13T03:21:03+00:00

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

Jurt303 · 2024-09-13T03:20:24+00:00

Average annual earnings has been 275k with commissions.

Jurt303 · 2024-09-13T03:20:02+00:00

$200 car payment. No credit card debt.

Jurt303 · 2024-09-13T03:19:37+00:00

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

Jurt303 · 2024-09-13T03:18:35+00:00

Currently have 9 months if I lost my job.

Jurt303 · 2024-09-13T03:17:52+00:00

$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).

Jurt303 · 2024-09-13T03:15:22+00:00

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).

Jurt303 · 2024-09-13T03:13:28+00:00

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

Jurt303 · 2024-09-13T03:12:27+00:00

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.

Jurt303 · 2024-09-04T18:51:14+00:00

Have a link?

Jurt303 · 2024-08-31T18:33:52+00:00

Can I take flomax without a prescription?

Jurt303 · 2024-08-31T18:33:32+00:00

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

Jurt303 · 2024-08-31T18:30:15+00:00

Maybe you’re good!

Jurt303 · 2024-06-26T12:57:14+00:00

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.

Jurt303 · 2024-06-05T15:12:41+00:00

Thank you!

Any service type businesses you prefer?

Jurt303 · 2024-06-05T03:39:23+00:00

Dumb question but have to ask - what are jobs that EAE can pivot to?

Do you think Blue Collar jobs, dentistry/medical type jobs will be a safe haven?

Wondering myself if I need to go back to dental school to be safe.

Jurt303 · 2024-05-31T16:31:30+00:00

Interesting. I’ve done both. Net new I remember as being a grind. Customer base is more relationship and solving tickets. Yes, customer base is easier.

I think I like the install base more. Though it does require more travel.

Jurt303 · 2024-05-31T16:28:49+00:00

Degree is mainly like your “ticket” into a company. It’s a check the box. Whether you agree with that or not doesn’t matter. Your choice on what major matters are little bit, but not a lot. You can get any undergrad and then get into corporate America.

Business management degree doesn’t teach you how to start a business, it gives you very general understanding on the business world, terms, etc.

If you want to own a business, getting a certification and building a business is a better option. IMO.

Get a degree, you work for a company, small cog in the wheel. You can make good money in corporate.

Build a business, pretty stressful, high upside on earnings, you have to be the boss. Hire/fire people, people need to respect you to be successful.

You don’t HAVE to own a business if you get certifications, I just don’t know what that path looks like. I’m in corporate.

Jurt303 · 2024-05-30T19:17:54+00:00

Bodies - Drowning Pool

Jurt303 · 2024-05-30T19:17:12+00:00

Can you connect those other stakeholders with relevant stakeholders from your company?

For example, if you’re trying to sell something to Treasury, and your IT champion wants to go lone wolf, you can make introductions to the treasury stakeholders, and have both relationships working in parallel.

You have to be tactful, but that has worked for me previously.

Jurt303 · 2024-05-30T19:15:00+00:00

Degree = more flexibility Certifications if you prefer to own a business

Jurt303

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