Difficult Conversations About Money and Being Self Employed

Reblogger Will Hamm
Real Estate Broker/Owner with Hamm Homes

Sometime we can all learn from others here in the rain.  This is a great blog to learn from Gayle Rich-Boxman

Original content by Gayle Rich-Boxman Fishhawk Lake Real Estate 700512026

One of the toughest parts of being a REALTOR® is that you never know when you're going to make money or when you're going to have a dry spell. 


If you're a financial wizard, or really mindful of "saving", and sticking to a budget, then this part of life probably offers you more peace-of-mind than it does for the rest of us who struggle with money and the conversations that ensue.


Some of the most difficult conversations people have with their partners-in-life are about money. Putting money away, paying your bills in  a timely manner, saving for the unknown future crisis. Quarterly taxes is one of those bailiwicks that I struggle with. When I get paid on a transaction, the first thing I want to do is pay my bills. It gives me such a sense of relief. If money's left over, it's a boon. The formula that our tax consultant has given me, is to put a third away with every commission received to pay quarterly taxes. Then there is the conversation about how to protect your money, so that you are paying yourself and saving that money for your future retirement safely without it being taxed. 


Having lived much of my life as an artist, money was never at the top of the priority list. Often my friends have heard me say it this way, when regarding my relationship with money:

"Oh, I have money! Great!" As if it's one of those surprises that sneaks up on you and is totally fabulous for as long as it lasts. I bet other artistically-minded folks will nod their heads in agreement. 


So, how do you juggle not knowing how long it will be without money flowing in monthly? My niche market is based on a mostly-vacation-home business, although I do sell properties during the winter months, but there is no routine to this at all. I have a certain amount of angst when I don't have a cushion for an extended period of time. Striking a balance is somewhat of a moving target. As I get older I want to create a foundation of comfort so that if (at this point it's not when, but if) I decide to retire I have choices that make for a balanced life. 


I'm interested to know what others do to create a semblance of peace while working hard and often "for free". 


One thing I would love to see offered is a class for REALTOR®s  about how to prepare your finances to have something for the lean times. Not being naturally good with money, I would enjoy being given direction directly related to what I do. 



We need the tonic of wildness~Thoreau

For a look at my Fishhawk Lake Real Estate WEBSITE, 

Click here: Fishhawk Lake Real Estate

For a look at what fun you can have at Fishhawk Lake, click on the link below! 




Visit my YouTube Channel for videos of wildlife at Fishhawk Lake!

 Fishhawk Lake canoe trip-Gayle Rich-Boxman 2012 copyrighted All Rights Reserved

Gayle Rich-Boxman
Broker,John L Scott Market Center
Specializing in
Fishhawk Lake Reserve and Community 
"Your Gateway to the Lake!"
Direct: (503)755-2905
My website: http://www.lakehomesatfishhawk.com/
My blog: http://fishhawklakerealtor.wordpress.com/

John L Scott Market Center  



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William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

It can be a difficult balance in our lives between workd and play

Sep 19, 2018 02:39 PM #1
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Will, for sharing this reblog selection.

This is good reading for those considerng real estate as a career.

Sep 20, 2018 06:13 AM #2
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