Working on a Salary or on a Commission base which one is better and why? Everyone has an opinion, but today we're going to talk about the facts.
What is Salary: This is a job that pays you a steady paycheck every week, and it comes with benefits, all you have to do is work for at least 40 years and then you can retire and live in peace. And as bonus parents go crazy about it
Pros of Salary Job:
- Steady paycheck
- Benefits: health insurance, life insurance and even 401k contribution matching in some cases
- 50k is the average salary 3-4 times higher than the poverty level
- Social security
- You receive free training
- 10-19 paid vacation days
- Easy to find a job
- Paid education if you want to keep growing
- Consistent environment
- Happy parents lol
Cons:
- Earning ceiling
- Risky because of your working for someone else
Overall Thoughts: A salary provides two things security and predictability, and that’s about it. It means that you'll have the security of knowing hey I get paid today this amount for the rest of my life with 4-8% increase annually if im lucky and I also know what's going to happen every day.
Commission Based
Pros of commission
- No Earning Ceiling
- Less Risky
- You get paid on results not your time
- Unlimited vacation days
- Can work from home or in an office or a jet
- Freedom to create your life
- Tax benefits ( deducting your expenses from your income)
- A constant state of learning
- Create more value
- Paid your worth
Cons:
- Your parents won't be happy
- Time and unpredictability
Facts:
- Most people are afraid of commission jobs because they are worried they won't get paid
- And I know this because I was scared also.
Final Thoughts
- I've never seen things black and white; i believe there are roads for everyone to follows and sacrifices to be made. And only you can decide.
- You can ask your employer to hire you as a business and then get paid more on your efforts and have more freedom
- Remember whatever skills you think you lack, you could always work a salary job, learn the skills and then do It yourself for your own business
* PRO TIP*
INFORMATION IS EVERYTHING
Link: Articles
http://www.3coast.com/how-much-does-a-full-time-employee-really-cost/
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