Living On Commission

By Linda Brakeall  SJP

 

Commissioned sales is one of the few places where you get paid exactly what you’re worth. One of my friends really hates that concept.

The most successful people I know love being on commission! They love being able to give themselves a raise just by working harder.

Most people need a little help learning how to budget, and how to put away money for taxes and infrequent but important expenses.

So here’s the rule: Never plan to spend more than half of any paycheck. You can have all kinds of fancy formulas but that’s it. You have to assume that at least a quarter and maybe a third will go directly to the government for taxes. You should be putting at least 10% away for savings and investment and 5% for surprises is not unrealistic. […Continue Reading…]