Friday, October 6, 2017

Position eliminated --- Old pay $220k - New pay $120k


In recent months I have mentioned that there have been some major changes in my job situation. The owner passed away earlier this year and the new owner has made management shakeups at the top here at work over the past four months. This is typically what happens with new ownership. No hard feelings at all!!

While I have come to work each day and have been repeatedly told that I will "always" have a job here, inside I knew that something would happen fairly soon. I have worked here 23 years and was optimistic that I could make it through this year. That appears to be the case and likely I can stay for many years if I choose to.

Many people have been fired, reassigned, demoted, or put into impossible work environments and it reminds me of the "Who Moved My Cheese" book from the early 2000s. Things like this happens across all industry classes throughout cities large and small all across the country.

This is the purpose of having FU money. When a change occurs, we aren't saying "This isn't fair, I wan't things to go back to the way they were". When changes occurs, reverse is never an option even if it makes complete sense. The train keeps rolling forward with or without us. Understanding this fact early on will spare you a lot of brain damage.

Today I received my washout commission check from September and grinned as I saw the total commissions for the month...

$21,608 (All time high)

Starting this month my base pay will be $120,000 which is still a lot of money. In fact, I may make quite a bit more. Who knows?

Another change will be no longer getting off work at 6:00 every night. Two or three nights a week I will have to work a late shift until 9:00pm. Now the good news is I don't have to come in until 11:30am on those days.

Making $17-20k per month and getting off at 6 each night is almost impossible to give up. Who the hell in their right mind would quit a job like that?? That has been a big problem for me during the past 4 years. I have made and saved a shit load of money, but I would be viewed as a complete idiot if I voluntarily left this type of job.

So the position that I had was eliminated completely with no replacement. I went back to my previous position within the company. This is good news in that I don't have to fear some paranoid, sadistic, ballbuster who hates the idea of me still be around to possibly undermine him. I wouldn't anyway as this is not my style.

So while the idea of leaving a $200k plus position sounds ludicrous, the idea of $120k with shitty hours doesn't. Especially since I have ton of FU money and am essentially FI.

I am typing this at work right now and am feeling a great sense of relief and have a strange peace within me right now!!

This has been a great day and am looking forward to next step which will be complete separation from the traditional work force. Early next year is the plan!! This job change has been the catalyst I have needed to transition into FI completely

Stay tuned!!

23 comments:

  1. That is a bitter sweet story, MDP. Im glad that you are in a comfortable position and are pulling in a huge income from your dividends. All that saving and investing during the good times are paying off. Keep up the great work and thanks for sharing.

    cheers
    R2R

    ReplyDelete
    Replies
    1. R2R,

      I'm in a good place and this is a blessing! I will certainly keep you updated.

      MDP

      Delete
  2. Great news MDP! Now you can play "Hide and Seek for two grand a week", while you figure out your next move. Finality is always better than the unknown. Management there blows, keeping you in the dark like a mushroom. I would be long gone, but it is your call. My take is you have too much talent to let it rot for a second-rate management team. Start a new gig and maximize your earning potential with a fresh start. Two to five years of maximum earnings/saving rate will set you and your family up for a jolly green giant FU to the man! Congrats Big Guy!

    ReplyDelete
    Replies
    1. Anonymous,

      Hahaha! Hide and seek is a good idea. I kind of agree with you about sitting around here too long collecting a paycheck and being underutilized. I'll either go full throttle again for a short period of time or unplug completely. Thanks for the comment!

      MDP

      Delete
  3. MDP -

    Very cool my man. Aiming to save a crap ton of money between now and 12/31 then? Does your company know?

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      The company thinks I'm just lucky and happy to still be with the company. Thery are probably worried that I can't afford the pay cut. LMAO

      MDP

      Delete
  4. A paycut down to $120k? That's more than double my salary still! I'm happy to hear things still worked out ok though. What do you do for a living again ?

    ReplyDelete
    Replies
    1. CD,

      Was A GSM at a large car dealership, now the Used Car Director.

      MDP

      Delete
  5. What is your job?? I am starting up my own investment blog and will share it with you as soon as it's ready to go. I hope to one day see in my total market value the same amount as you if not higher!! I enjoy stopping by and reading your posts.

    ReplyDelete
    Replies
    1. Anonymous,

      Thanks for the comments. I run a used car dept at a large dealership now.

      MDP

      Delete
  6. A little good and a little bad. Overall, if you are happy then definitely stay at the job you seem to enjoy. Keep up the excellent work!

    ReplyDelete
    Replies
    1. BHL,

      In a really good place right now! I just need to adjust to the longer hours again. Won't be a big deal knowing things are temporary.

      MDP

      Delete
  7. MDP,
    damn it - that's what I call a heavy pay cut! But I really like your attitude. Maybe the mentioned "hide and seek" wouldn't be a bad idea until end of year? Sounds funny though :-)
    Did you've already searched for other options (similar position in another company)?
    Thanks for keeping us updated and best of luck to you!

    -DivRider

    ReplyDelete
    Replies
    1. DivRider,

      Yeah I actually have another job lined up that could pay me about $13-15k, but don't want to take it if I'm only going to be there for a short period.

      MDP

      Delete
  8. That stinks about the paycut but if you like the job might as well keep it

    ReplyDelete
    Replies
    1. Dividendsandhobbies,

      Yeah I don't worry too much about the cut. The extra hours are more concerning actually. I'm in a good place and am taking things one day at a time as the saying goes.

      MDP

      Delete
  9. Downloaded a new upgrade to my phone and the first few times it wouldn’t let me post I was logged into google but nothing would happen came back and walla I could post now while searching I saw something so trying this out to see if it works

    ReplyDelete
  10. MDP,
    While a paycut is not a good thing, 120 k is still a good salary.
    The relationship with management may have soured, but your financial position is what gives you that peace of mind.
    You know that if you stay or go you will be fine either way , it is great to have options .
    keep us posted !

    ReplyDelete
    Replies
    1. DF,

      I'm really feeling good about life right now for sure! Options may intolerable situations less stressful for sure.

      MDP

      Delete
  11. Seems like you've got things under control. This might be indeed be the catalyst for you to start being FI. Good luck in the coming months!

    ReplyDelete
    Replies
    1. Mr. Robot,

      Yeah...sometimes you have to be given a little push to do something different! This may just be the push I need.

      MDP

      Delete
  12. You know that if you stay or go you will be fine either way , it is great to have options .


    เกย์ไทย

    ReplyDelete