š©āš Daughter ā you are making less this yearā¦.
- Nicole Book Club

- Jul 18, 2024
- 2 min read
š My father made this comment during dinner
I almost choked and wanted to rebut him that
āWhy donāt you try to do business and get a sales job and see how much you can earn this yearā
But I held back my wordsā¦
š Instead I went back to my room and took a piece of paper and pen out
I listed out my income breakdown:
š° Salary = Base + Commission
š¶ Passive Income = Dividend + Rental + Stock Gains
š My total income (active + passive) was down 30% this year.
I had to figure out ways to improve.Ā
I need to be realistic.Ā
We brainstormed:
š§ What are the controllable?
For Salary:
š§ Are there realistic ways to increase your base salary or commission?
š§ Do I outperform others that I can qualify for a salary raise?
š§ How can I land more business deals despite a tough market?
Outside of your job:
ā Are there things we can add to the formula?
ā Such as running a side hustle/ doing freelance projects?
ā How can I drive more stock gains and dividends?
What I am always striving for is:
50% from Salary + 50% from Passive Income
š« How about you?
š« Do you discuss with your family how much you earn?
š« Do you reflect how to make more money in a tough environment?
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