Post by sunfrogger88 on Jul 15, 2016 8:33:34 GMT -5
I need some help sorting through my thoughts.
*cross posted to FB*
Hs current job: 100% commission based. He sets his own hours, so no paid vacation or anything. He's a financial planner with his current company so the income upside is huuge. Usually results in late nights, Saturday call days, driving all over creation to meet with clients. Remote access all day long to work from wherever. He's having a hard time closing sales so our combined income is at a 6 year low. Benefits are great- 4% 401k match, pension, great health benefits. This is much closer to his "dream job". His mentor just dropped him though, and he was assigned to a new manager who seems to be taking interest in him. I think if he were with the new manager from the get go, he wouldn't be struggling this much in his job.
Potential job: at a national bank branch as a "Financial Services" person doing investments, etc. (not a teller) non-exempt (can only work 40 hrs). Salaried + incentives. Goals are quarterly, and most leads are provided by the bank and warm. Growth potential within the company up to wealth mgmt. Bank holidays, sick time, vacation time add up to 4-5 weeks in paid time off. No remote work opp because at this point, non exempt. 4% 401k match, pension, crappy health benefits. Wouldn't be expected to start meeting goals until 6mo-12mo into the job. He'd be home for dinner and bedtime most nights (he isn't right now). He'd work some Saturdays but not all and only for a few hours. This is most likely temporary until he grows into a wealth mgmt role in a few years. The commute is 30min away, closer to the city, but he may have an opportunity to work closer to home if he stays and grows within the company.
Potential job is definitely a step back in his career right now which he says he is okay with.
He's gotten some feedback that his voice and tone come across as too suit-y. He's scared that while it's what he wants to do, it isn't the type of job for him.
On the income side.. we are just scraping by. This would increase our income by 25% at least (he would be getting almost double what he's making right now) plus the quarterly incentives for production. At that rate, in a year, our student loans ($1500ish monthly... Basically equal to my mortgage payment) would be paid off. So even if it didn't work out, it would put us in a much better place financially in a years time. This would also put us on track for me to SAH after #2 (living on one income).
In his current role, he can stay home with E one day a week to alleviate the burden from my mom by taking night appointments once I get home from work. If he takes this new job, he would have to work all day Saturday to compensate or we would have to look into daycare.
We're not convinced it's the right decision, but we're also not convinced it's not, either. Ultimately, we want to do what's best for E.
Please weigh in, ask any clarifying questions, is there something else we should be considering, etc? I value all of your advice.
Thanks, ladies.
*cross posted to FB*
Hs current job: 100% commission based. He sets his own hours, so no paid vacation or anything. He's a financial planner with his current company so the income upside is huuge. Usually results in late nights, Saturday call days, driving all over creation to meet with clients. Remote access all day long to work from wherever. He's having a hard time closing sales so our combined income is at a 6 year low. Benefits are great- 4% 401k match, pension, great health benefits. This is much closer to his "dream job". His mentor just dropped him though, and he was assigned to a new manager who seems to be taking interest in him. I think if he were with the new manager from the get go, he wouldn't be struggling this much in his job.
Potential job: at a national bank branch as a "Financial Services" person doing investments, etc. (not a teller) non-exempt (can only work 40 hrs). Salaried + incentives. Goals are quarterly, and most leads are provided by the bank and warm. Growth potential within the company up to wealth mgmt. Bank holidays, sick time, vacation time add up to 4-5 weeks in paid time off. No remote work opp because at this point, non exempt. 4% 401k match, pension, crappy health benefits. Wouldn't be expected to start meeting goals until 6mo-12mo into the job. He'd be home for dinner and bedtime most nights (he isn't right now). He'd work some Saturdays but not all and only for a few hours. This is most likely temporary until he grows into a wealth mgmt role in a few years. The commute is 30min away, closer to the city, but he may have an opportunity to work closer to home if he stays and grows within the company.
Potential job is definitely a step back in his career right now which he says he is okay with.
He's gotten some feedback that his voice and tone come across as too suit-y. He's scared that while it's what he wants to do, it isn't the type of job for him.
On the income side.. we are just scraping by. This would increase our income by 25% at least (he would be getting almost double what he's making right now) plus the quarterly incentives for production. At that rate, in a year, our student loans ($1500ish monthly... Basically equal to my mortgage payment) would be paid off. So even if it didn't work out, it would put us in a much better place financially in a years time. This would also put us on track for me to SAH after #2 (living on one income).
In his current role, he can stay home with E one day a week to alleviate the burden from my mom by taking night appointments once I get home from work. If he takes this new job, he would have to work all day Saturday to compensate or we would have to look into daycare.
We're not convinced it's the right decision, but we're also not convinced it's not, either. Ultimately, we want to do what's best for E.
Please weigh in, ask any clarifying questions, is there something else we should be considering, etc? I value all of your advice.
Thanks, ladies.
