Employment Contract Negotiations

[Skidmark]

This. There are people from all walks of life on here. Some have done well, some have done great, and some are kicking ass. The situation you are in now, isn't going to be the situation you are in for the rest of your life.


Everyone has to start somewhere.

Good post..

[Roscoe]

I paid that much in FICA for 2012!

I hope you mean Federal, because there is a limit on FICA that is a fraction of that...

This. There are people from all walks of life on here. Some have done well, some have done great, and some are kicking ass. The situation you are in now, isn't going to be the situation you are in for the rest of your life.


Everyone has to start somewhere.

Word.

[46Tbird]

A few things.

My girlfriend makes twice what I do with no college degree. I am fine with that. Sometimes people find themselves in places at opportune times.

I drive a POS s-10, however I am 20-30k/yr below what you guys feel is average for the board or decent money.

As for living expenses. I live in a 3br/2bath house and rent is $750. Not bad at all. However I cant afford it on my own. There are two other people who live with me and split the bills. If it wasn't for that I couldn't survive. I have $100-200 left over a month for food and other expenses. If I had to live on my own, I would be at or just beyond redline with my finances.

I wish I had gone to a better/more reputable school. I wish I had stayed at wal mart, then my credit wouldntbe screwed and I would be able to get a security clearance, or a job at a financial institution. I have played the cards I have been dealt as good as I can. I have gone job hunting the first 6-7 months of the last 3 years. I have yet to figure out what I am doing wrong. The entire reason I am at this stage of the interview process is that I had a good friend on the inside get me in front of his supervisor. This is the first face to face onterview outside of retail and BS jobs I have had in a VERY long time.

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Hey man, nothing wrong with any of that. Be proud of what you've achieved already and keep aiming high. In fact, don't stop looking now that you've found something. There's something even better waiting for you. Don't hesitate to make another move. That kind of thing used to be frowned on, but now it's not.

[black2002ls]

I was just jumping in on some of the banter going on! Thanks for the kind words and encouragement

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[lowthreeohz]

pm'd you a link to our hiring page

[slow99]

Good money is enough to cover your expenses and to be able to put 6 months expenses away each year. The trick is limiting the amount of expenses, which is hard to do.

This idea stems from that website you've posted right, not something in the JPM program? I know we (and the industry) still hold "high net worth" or "sophisticated investor" as $1 million in investable assets or $200k a year income for 2 years - which is kind of silly. $250k in SF will get you a studio apartment and a bus pass.

We also see some of the "rules" if you will, ie 2x your income in retirement/savings accounts by 35 years old. Hell I'll admit I'm not even there, but they're - of course - just guidelines.

[sc281]

This idea stems from that website you've posted right, not something in the JPM program? I know we (and the industry) still hold "high net worth" or "sophisticated investor" as $2.5 million in investable assets or $250k a year income for 2 years - which is kind of silly. $250k in SF will get you a studio apartment and a bus pass.

We also see some of the "rules" if you will, ie 2x your income in retirement/savings accounts by 35 years old. Hell I'll admit I'm not even there, but they're - of course - just guidelines.

What website?

And no, the statements are my own and not for or on behalf of the company. I am not allowed to speak on behalf of the company in any way, so no statement now or in the future, should be considered as such.

I was merely expressing my opinion on what I thought is good money and showing that number is fluid to me based on the amount of yearly expenses that I have, and is very much in my control.

The industry norms have always seemed inflated in relation to me, as I will never attain that amount of money.

[slow99]

What website?

And no. The statements are my own and not for or on behalf of the company.

You've posted links in the past to a website that outlines the ideas you were posting. Reduce expenses, get xx months/years in savings, and quit working and find a low income location to live.

[sc281]

You've posted links in the past to a website that outlines the ideas you were posting. Reduce expenses, get xx months/years in savings, and quit working and find a low income location to live.

Earlyretirementextreme? Then yea it pretty much stems from that way of thinking about money.

The idea is the same, and is the inspiration for how I want to "retire" and pursue what I want, but that specific amount is only my opinion of what i'd feel comfortable calling good money. They talk about 70% of net income in savings, which is prolly where they get the extreme part, as I find it incredibly difficult.

[slow99]

Earlyretirementextreme? Then yea it pretty much stems from that way of thinking about money.

The idea is the same, and is the inspiration for how I want to "retire" and pursue what I want, but that specific amount is only my opinion of what i'd feel comfortable calling good money. They talk about 70% of net income in savings, which is prolly where they get the extreme part, as I find it incredibly difficult.

Yep, that's it.

[32vfromhell]

I will agree with Brent and Tim. If the pay stubs come out, there are going to be a relatively few amount of people who make good money. The ones who are usually showing off their guns and houses are the the ones who likely got it handed down. I bet there are a few members on this site who would suprise the shit out of all of us on how much they make, ha.

I would say my advice is to not blink, show strength and backbone. I wouldnt ever walk away from a table without getting SOMETHING, even if its extra-sticky notes in your office. There are a lot of factors outside of straight pay that you can use if they are unwilling to move on your base pay.

I'm about to ask for a raise myself, as my responsibilities have tripled, and i'm doing sales work and getting zero commission for it. I have brought a TON of value to the company, and can point to both marketing metrics AND sales numbers to back it up.

[Doug Hatton]

Correction...yes, Federal. I guess it's obvious I'm not a CPA. LOL!

I hope you mean Federal, because there is a limit on FICA that is a fraction of this.

[livinglegend_86]

If you do get the job (update?), make sure to set a budget in order to prevent yourself from falling into the same situation a lot of people find themselves in when they get that first great paying (relative to your previous circumstances, of course) job: Having fun & blowing it all weekly, not saving, buying too much house/car right away, and so forth.

Nobody gave me this advice, and after the first year or so, I was broke/playing catch-up on my bills for the next 18 months. Add kids to that and it drug out another year. Thankfully I'm on track now but it wasn't easy...

Keep the beater, and save away for a nice weekend warrior/cruiser/pimp-mobile/luxury car/etc. Build your savings and control impulse purchases, whether $10 or $1,000. Just my 2 cents.

<--13 year old Grand Am for a DD

[black2002ls]

If you do get the job (update?), make sure to set a budget in order to prevent yourself from falling into the same situation a lot of people find themselves in when they get that first great paying (relative to your previous circumstances, of course) job: Having fun & blowing it all weekly, not saving, buying too much house/car right away, and so forth.

Nobody gave me this advice, and after the first year or so, I was broke/playing catch-up on my bills for the next 18 months. Add kids to that and it drug out another year. Thankfully I'm on track now but it wasn't easy...

Keep the beater, and save away for a nice weekend warrior/cruiser/pimp-mobile/luxury car/etc. Build your savings and control impulse purchases, whether $10 or $1,000. Just my 2 cents.

<--13 year old Grand Am for a DD

Thanks for the advice. I made decent money while I was selling cars and lived beyond my means, that bit me in the butt big time. I plan to put a decent amount in savings every check.

As for updates, nothing yet. I thought I was the last of 8 candidates (three in the last round), if not the last, one of the top two. However, the VP said he had 5 more interviews, though he did not disclose whether they were for the same positon or something in one of their other markets. He said it would be no more than 2 weeks before they make an offer or decline

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[Ruffdaddy]

Did you already send a thank you?!