2023 Salary/Income, Job/Hustle, Location

[treal5]

The tax thread had me questioning what everyone does for money, and how much they make.
Go ahead and flex but don't lie lol

***I know we probably already have a thread on this but I couldn't find it***

I'll go first:
Total household income ~ $301k living in Ohio

Me:
Salary (Product Manager) - $135,000
Bonus (working as a contractor) - $0
Side Income (online store) - $6,000

Wife:
Salary (Marketing Director) - $125,000
Bonus - $30,000
Side Income (part-time teaching) - $5,000

Side note: We just had a come up. Two years ago the household income was ~$140k total

 

[D24OHA]

Do you have a primary platform for your store (etsy,amz, ebay...etc) and what type of items do you sell?

 

[treal5]

Do you have a primary platform for your store (etsy,amz, ebay...etc) and what type of items do you sell?

Etsy and Shopify. Although I like Etsy's fees better. Trying to break into the white label coffee business. Huge margins if you can get a following!

 

[D24OHA]

Etsy and Shopify. Although I like Etsy's fees better. Trying to break into the white label coffee business. Huge margins if you can get a following!

White label, meaning you have a source that just puts your brand on it?

 

[treal5]

White label, meaning you have a source that just puts your brand on it?

Yes, found a coffee supplier who will let me use their coffee under my name. Need to decide what flavors I want and design packaging. They'll fulfill and dropship my orders. I should just have to market and collect money.

 

[D24OHA]

Yes, found a coffee supplier who will let me use their coffee under my name. Need to decide what flavors I want and design packaging. They'll fulfill and dropship my orders. I should just have to market and collect money.

My father in law worked for a coffee company for over a decade made them (tens of) millions, in exchange for his $200K salary, company car and trips to coffee conventions....(got them into a few arenas and a restaurant chain if I recall correctly)

So the money is definitely there

 

[treal5]

My father in law worked for a coffee company for over a decade made them (tens of) millions, in exchange for his $200K salary, company car and trips to coffee conventions....(got them into a few arenas and a restaurant chain if I recall correctly)

So the money is definitely there

Definitely money is out there!
My ex worker quit cause he was making 300k to 400k a year selling coffee online in Texas. Profit margins were like 75% with little marketing spend. He gave me a semi blueprint, so I'm going to see if I can follow his path

 

[kdogg3270]

Definitely money is out there!
My ex worker quit cause he was making 300k to 400k a year selling coffee online in Texas. Profit margins were like 75% with little marketing spend. He gave me a semi blueprint, so I'm going to see if I can follow his path

what does he do now?

 

[D24OHA]

what does he do now?

I imagine that mfkr is still selling coffee or boxing the grounds in with his "products," hahaha

 

[APOPHIS]

My personal income: $0 (I'm a proud pookie)
My side ho income: $100,000
My main ho income: $150,000
My girlfriend income: $200,000
My wife income: $300,000

My household income: $750,000
DM me to learn the game, playas.

 

[jack walsh13]

The tax thread had me questioning what everyone does for money, and how much they make.
Go ahead and flex but don't lie lol

***I know we probably already have a thread on this but I couldn't find it***

I'll go first:
Total household income ~ $301k living in Ohio

Me:
Salary (Product Manager) - $135,000
Bonus (working as a contractor) - $0
Side Income (online store) - $6,000

Wife:
Salary (Marketing Director) - $125,000
Bonus - $30,000
Side Income (part-time teaching) - $5,000

Side note: We just had a come up. Two years ago the household income was ~$140k total

How much you owe the man in taxes?

 

[treal5]

what does he do now?

He left corporate and now just sells coffee. He does the distribution that's why his margin is so high.

 

[treal5]

How much you owe the man in taxes?

Totally $17k
13k federal
4k state

 

[Helico-pterFunk]

My personal income: $0 (I'm a proud pookie)
My side ho income: $100,000
My main ho income: $150,000
My girlfriend income: $200,000
My wife income: $300,000

My household income: $750,000
DM me to learn the game, playas.

Impressive!

 

[Pack Rat]

Pass

 

[jack walsh13]

Totally $17k
13k federal
4k state

Sounds about right.

 

[jack walsh13]

Pass