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…]