11 21 pm pst [ the numbers ]
I clenched my fist and told Tisha today that I didn't
think I could work for her full time. I said that I felt that I needed a
second job to make enough money. She countered by telling me about
another project she is hoping to sell this week at some conference in
Vegas. She said if that goes through she should be able to pay me
$4000-$5000 a month. Oof.
I calculated my income and $5000 a month is exactly
what I wanted as a minimum to buy a house. I see your eyes bulging out.
You're saying, show me the numbers! Let me see if I remember this:
$5000 a month = $60,000 a year
$60,000 a year at a normal job =
30% for taxes (I'm rounding here) =
$40,000 a year before rent
$60,000 a year with a mortgage =
$3000 a month in mortgage payments =
$36,000 a year in mortgage payments =
$24,000 a year in taxable income =
15% for taxes (I'm rounding here) =
$20,000 a year after rent
And that would be plenty of money for me since I don't
have a car...
But now she's giving me more incentive to stay and work
in LA instead of moving up north. Everybody look at Rachel waffle back
and forth...
[The "$3000 a month in mortgage payments" is a rough
estimate on a $500,000 house with a 10% down-payment. I have no idea what
kind of mortgage rate I could actually get...]
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