I’m Losing 50% of My Income - What Now?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 16 December 2024

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

"How would you approach a potential job change from a secure salaried job to commission based role? The new role would have a 50% cut in base pay but essentially unlimited upside potential."

We'll walk you through that question and more in today's Q&A episode!

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Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

Transcript

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0:00.0	Four essential tips to a perfecto retirement.
0:16.4	Come on, keep it together.
0:19.0	This is a live show.
0:22.4	Sure is.
0:24.7	Oh, my gosh.
0:25.8	That's right.
0:33.2	We do have a show coming up for you in the next couple of weeks called Four Essential Tips for a Perfect Retirement.
0:34.6	That's not what we're doing right now?
0:37.2	That's not what we're going to talk about right now, though.
0:38.8	Right now we love... Hey, it's been a week.
0:39.4	I took a Thanksgiving break.
0:41.7	Right now, we love that every Tuesday at 10 a.m., we get to answer your questions.
0:46.5	We love that we can load you up with the things that you care the most about.
0:51.8	And we have some interesting ones right now because we know that life
0:55.3	can throw all kinds of curveballs at us, just like Brian, just threw it all of us.
1:00.8	So we want to make sure that we load you up.
1:03.7	So if you have a question that you want us to weigh in on right now, get it in the chat.
1:08.9	We have the team out in the wings collecting your questions.
1:13.1	With that, I'm going to throw it over to someone new with us today. We have senior...
1:18.6	Not new to us. New to us. New to the audience visually.
1:22.0	Our senior content developer, Ms. Megan. Good morning. All right.
1:30.5	We're going to start it off with a question from Zach R.
	...

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