Category Archives: Income

My Wife Is Beginning a New Career

My wife has enjoyed working at her current job, but has always wanted to have a career in a health related sales field. Since college, she has focused on learning about this competitive industry and what it takes to get into it. Long story short, over the past four weeks, she has been in a series of interviews with a company and yesterday, received an offer. . . and accepted!

This is such a blessing and something we have been praying for for quite awhile. I am very happy that my wife will be able to work in the industry she is passionate about. Her hard work and persistence paid off.

This new job will also greatly increase our household income. Check it out:

  • $52,500 base salary
  • $20,000+ annual bonus
  • $20,000 annually for entertaining clients
  • Company car and gas card
  • Computer
  • Matching 401(K) plan
  • Excellent health and dental insurance
  • 3 weeks vacation

She starts next month and already really likes her future co-workers.

Does She Not Stop?

My wife scored a $944 commission this check from her company this month!

Her commission checks are great because they are “extra” money that we can put towards savings and/or retirement investments since our regular saleries cover our month-to-month expenses. What a blessing.

May is turning into a very good net worth increase month for us. I can’t wait to update our numbers at the end of the month.

Closing The Deal

Great news! My wife has been working on a large business deal and last week obtained the signed contract. It’s great to see her hard work pay off. She will receive a $3,800+ commission from the sale when the invoice is paid in a couple of months.

In addition to the awesome initial commission, there is a good likelihood that this account will produce additional commissions for her down the road thru maintenance of the system she sold and other work this customer needs done.

My wife is a CLOSER.

Commission Checks Are Great

My wife is really getting consistent with earning commission checks each month. This month, she received a $448.15 commission check – just like clockwork. The great news is that she has a number of orders she will receive commissions for in the next few months. She’s done a impressive job of cold calling and expanding her customer base.

Since our monthly expenses are already covered by our base salaries, any commission checks that she receives can go directly to investments, savings, paying off debt, etc. Most of the money she earned in this commission check is going to be deposited into our savings account.

2nd Raise For 2008

As I posted about previously, my company is resetting everyone’s review date to the anniversary of their hire date. Most employee reviews already fall on the anniversary of their hire date, but, in the past, if you received a promotion, the date that you received your promotion became your new annual review date.

I received a promotion in January of 2006, thus, changing my annual review from my April hire anniversary to January. Since my company is resetting everyone back to the anniversary of their hire date, I received another review this week.

I was blessed to receive a very positive review that included a 2.07% bump up in pay, from $69,030/annually to $70,460/annually. Combined with my 4.5% increase in January, I’m up 6.57% this year.

We’ve decided to increase my 401(k) contribution by 1%, to a total of 5%. The reminder of the raise money will be used to help us try to keep up with the cost of living.

I Can’t Afford A Stay At Home Wife

Why? Because my wife is way too profitable.

She just received a $1,292.50 commission check from her company. That’s some serious extra cash. Instead of going out and buying a home theater system (because we already did that last week), we’re going to be more responsible with the money. Our plan is to tithe a portion of the commission, put a portion into savings for taxes, and the rest will go towards funding our Roth IRAs.

If my wife keeps this up, maybe I can be a stay at home husband.

2008 Annual Review

I had my annual review today and received good marks, as well a 4.5% raise. This $2,880 raise brings my annual salary to $69,030.

The raise was a bit lower than I usual receive because I will be getting another review, and hopefully another raise, in April. They are doing this in an effort to get all employee’s annual review dates back to their date of hire anniversary (April for me). I had received a promotion a couple of years ago (in January) that threw my annual review date off from of my date of hire.

3 Months Of 3 Checks in 2008

I was updating my work calendar for 2008 (holidays, paydays, etc.) and noticed that I will receive 3 months of 3 checks in 2008. This discovery was a nice surprise.

I get paid every two weeks, which usually results in 2 months with 3 checks. But, in 2008 it works out where there will be 3 months with 3 checks (January, July, and December). This “extra” money will go towards paying down our 2nd mortgage.

I call this “extra” money since our budget is based on my wife and I each earning 2 paychecks a month. I thought by chance my wife might also be getting 3 months with 3 checks in 2008, but it turns out she will be getting her standard 2 months with 3 checks.

Extra Money

My wife just received a $491.22 commission check from her new job as well as a $158.78 mileage reimbursement check. It’s amazing how she is able to pull in some extra money almost every month.

We plan to use $350 of the money to help pay down our 0% interest credit card. Our goal is to have this paid off by the end of the year. The remainder will be put into savings and a portion will be given to our church. Beginning in 2008, we will use her commission checks help us pay down our 2nd mortgage.

Wife’s 1st Paycheck At New Job

My wife just received her 1st paycheck at her new company. The $1,211.54 check she received was for 9 days of work. For the 1st 3 months of her employement, she is 1099. Therefore, her paychecks will not have any taxes taken out. After 3 months, she will be a salaried employee with taxes taken out of her check automatically. That being said, we will deposit $300 per check to our savings account while she is 1099 to ensure that we have enough for taxes in April.

After recieving her paycheck, we deposited $500 into our savings account ($300 for taxes and $200 to boost our savings) and contributed another $500 to my Roth. We have only $500 more to go to reach my 2007 max contribution of $4000.