Examples of Current Job Benefits

Bob the Hamburger Slinger

Bob lost his good job at the start of the current recession. He works 40 hours a week at a fast food joint which pays him the minimum wage. He has no benefits other than a free meal and four free drinks during his shift. He gets a one-half hour lunch period and two fifteen minute breaks. He is given work clothing. There are no awards or bonuses of any kind. He hates his job.

Solution: Bob works at Internet marketing until he matches the minimum wage at work. Then he quits his day job. Nothing lost at all.

Mary the Office Secretary

Mary earns two dollars over the minimum wage. She has health insurance with the company, the company paying 60 percent of the cost. She has no other benefits.

Solution: Mary works until her income meet her salary and cost of medical insurance less what she spends on transportation and clothing for work. She quits her job and buys health insurance from private sources until she gets married and can benefit from her husbands insurance.

Bill the Warehouse Manager

Bill has worked thirty years at the company. He is 50 years old and has health and retirement benefits plus a 401K. The minimum retirement requirement for his company is 50 years of age and thirty years of service. Bob has some stock options that are not extracuteble until next year.

Solution: Bob decides to wait a year to get his stop options finalized. He works out the total of his retirement income plus his Internet marketing income less cost. He sees that he will be able to operate under those conditions. All he has to do is wait for one year.

Next Page: Income Considerations and Examples