http://onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/ Tue, 18 Oct 2011 15:23:49 -0700 hourly 1 http://wordpress.org/?v=3.1.1 http://onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/comment-page-1/#comment-43871 Frustration with my Finances | One Million and Beyond Tue, 13 May 2008 14:38:48 +0000 http://www.onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/#comment-43871 [...] When I first started writing this blog I was in a pretty rough financial situation but things didn’t look all that bad because I was making a pretty good salary at $75K per year. A few months after that I took a 33% pay cut to take a great opportunity which meant I was down to making $50K per year. I have to say that as a result of this the year was a difficult one but I was able to cut down on my expenses and slowly, very slowly, cut down my debt. Since I was let go from that job in February I started my own business and I took a full time contract where I’m responsible for a greater aspect of my money (such as taxes). The good thing in this setup is that I have more flexibility and the potential to pay less in taxes. The unfortunate item is that I’m making less still (Now I’m at $30K plus a great commission structure). [...] [...] When I first started writing this blog I was in a pretty rough financial situation but things didn’t look all that bad because I was making a pretty good salary at $75K per year. A few months after that I took a 33% pay cut to take a great opportunity which meant I was down to making $50K per year. I have to say that as a result of this the year was a difficult one but I was able to cut down on my expenses and slowly, very slowly, cut down my debt. Since I was let go from that job in February I started my own business and I took a full time contract where I’m responsible for a greater aspect of my money (such as taxes). The good thing in this setup is that I have more flexibility and the potential to pay less in taxes. The unfortunate item is that I’m making less still (Now I’m at $30K plus a great commission structure). [...]

]]> http://onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/comment-page-1/#comment-35616 One Million and Beyond - My journey to a million dollars and beyond. » Reality Shift – There goes the Job! Wed, 06 Feb 2008 12:52:59 +0000 http://www.onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/#comment-35616 [...] A little over a year ago I took a substantial pay cut to work for a small company that was growing; recently as part of their growth they decided to go down a certain direction that I was not really happy about. I learnt a great deal over the year that I was there and I have been infected with the entrepreneurial spirit. I was already looking for a replacement job when I was let go. There are no hard feelings and I am grateful for the experience. [...] [...] A little over a year ago I took a substantial pay cut to work for a small company that was growing; recently as part of their growth they decided to go down a certain direction that I was not really happy about. I learnt a great deal over the year that I was there and I have been infected with the entrepreneurial spirit. I was already looking for a replacement job when I was let go. There are no hard feelings and I am grateful for the experience. [...]

]]> http://onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/comment-page-1/#comment-174 One Million and Beyond - to one million and beyond » Resigned! Mon, 18 Dec 2006 16:35:57 +0000 http://www.onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/#comment-174 [...] Resigned! By Matt A little while ago I posed that I’ll be taking a 33% pay cut and today, shaking a little, I handed in my two weeks notice. I haven’t resigned my position many times in the past and I have to say that it’s a little unnerving. Two weeks from now I’ll be sleeping in and taking a week off to just relax before starting my new job. [...] [...] Resigned! By Matt A little while ago I posed that I’ll be taking a 33% pay cut and today, shaking a little, I handed in my two weeks notice. I haven’t resigned my position many times in the past and I have to say that it’s a little unnerving. Two weeks from now I’ll be sleeping in and taking a week off to just relax before starting my new job. [...]

]]> http://onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/comment-page-1/#comment-125 One Million and Beyond - to one million and beyond » Wedding Planning - Budgeting Thu, 07 Dec 2006 14:12:12 +0000 http://www.onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/#comment-125 [...] The biggest issue that we’re facing right now is the fact that I’m taking a pretty big pay cut and it’ll be harder to actually save money. I’ve got a few things in mind to actually save up more money: first off it’s time to sell some of the junk I’ve accumulated over the years on eBay. All proceeds will go towards the wedding. Secondly I’m starting to look around for side jobs, small things that won’t kill me or stress me out and that will pay a bit (every little bit helps). Finally we’ve got family that has openly said they’re willing to help out which is great (hopefully we won’t be relying on them very much but time will tell). [...] [...] The biggest issue that we’re facing right now is the fact that I’m taking a pretty big pay cut and it’ll be harder to actually save money. I’ve got a few things in mind to actually save up more money: first off it’s time to sell some of the junk I’ve accumulated over the years on eBay. All proceeds will go towards the wedding. Secondly I’m starting to look around for side jobs, small things that won’t kill me or stress me out and that will pay a bit (every little bit helps). Finally we’ve got family that has openly said they’re willing to help out which is great (hopefully we won’t be relying on them very much but time will tell). [...]

]]> http://onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/comment-page-1/#comment-117 Blogging Away Debt » Blog Archive » BAM! Your Income is Decreasing by 33%…and You Want it to? Mon, 04 Dec 2006 19:25:45 +0000 http://www.onemillionandbeyond.com/blog/2006/12/04/the-big-salary-drop/#comment-117 [...] Matt over at One Million and Beyond is taking a big hit to his income. And, he’s happy with that. [...] [...] Matt over at One Million and Beyond is taking a big hit to his income. And, he’s happy with that. [...]

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