Hi,
Back from when I started Microserv in 1997, we always had company health
insurance that was paid, for the entire family of every employee, 100%
by the company.
We still do that today with my commercial property business. I have 5
employees, and we pay the entire health, dental and vision insurance for
the employee and their entire family. Costs us $6,000/month for all 5.
This is a $500 deductible with $30 co-pay through Blue Cross.
I also have a $3,000,000 life insurance policy that is $80/month that I
keep personally.
Travis
On 1/13/2017 1:27 PM, ch...@wbmfg.com wrote:
I get half that coverage for twice that amount.
*From:* Lewis Bergman
*Sent:* Friday, January 13, 2017 1:07 PM
*To:* af@afmug.com
*Subject:* Re: [AFMUG] OT Slightly, Cost of Living
My life insurance is term, $1,000,000 and cost me $65 a month. I am
52. Health insurance for my family would be $1050 if I had kids on it
and is an HSA with a $6500 deductible per insured I think.
Property is a drag if it isn't producing income. If it is it can be
great, or at least it has been for me. I can say I have anything to
complain about but I live even more spartan than you as far as
accommodations. I think I only own 2 rent houses that aren't nicer
than the one I live in.
One thing I think is important in a recurring revenue model is making
sure your pricing keeps pace with inflation. If you don't you make 10%
less in 3 years relatively speaking.
On Fri, Jan 13, 2017 at 1:02 PM can...@believewireless.net
<p...@believewireless.net> wrote:
While starting my ISP, I lived very frugally. No paid TV, only
made enough to pay bills and make dinner.
Now, I'm reaping the rewards of putting all that money back into
my company and taking a fat salary
and still putting money back into the company.
Compared to you, yes, I'm living "extravagantly" now. But if I
average it out over the years, I'm still
not making much on average. But, it's growing fast. Money does
seem to go further for me and this
ISP thing seems like an ATM with money constantly rolling in.
I don't work as much as I used to and have tons of free time. But,
that was by design and why I
decided to get into the recurring revenue business.
On Fri, Jan 13, 2017 at 1:23 PM, <ch...@wbmfg.com> wrote:
God Bless freaking Obama Care!
*From:* Sterling Jacobson
*Sent:* Friday, January 13, 2017 11:12 AM
*To:* af@afmug.com
*Subject:* Re: [AFMUG] OT Slightly, Cost of Living
I could literally buy two more houses on my cost of insurances
alone.
*From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Chris
Fabien
*Sent:* Friday, January 13, 2017 11:05 AM
*To:* af@afmug.com
*Subject:* Re: [AFMUG] OT Slightly, Cost of Living
Personally, I am afraid to add up what I spend on all our
various insurance policies, business stuff and personal,
because I am sure I'd have a heart attack... I think it's a
large part of the strain.
On Fri, Jan 13, 2017 at 12:57 PM, Sterling Jacobson
<sterl...@avative.net> wrote:
I'm guessing this information is like a lot of you out there.
Except maybe my earnings because I am making about double
median gross salary for my city.
I'm not saying I work double, but I do fulfill many roles
as the only salary employee of my startup ISP.
I don't think I can replace myself for the same cost to
the company, so I feel ok with that.
I don't live extravagantly, but I do live comfortably.
I have a 3100 sqr foot rambler I've lived in since 2001
with a house payment of around $1500 a month.
But my biggest expense is health/insurance and medical.
I now pay about $2100 a month for my family health
insurance through IHC.
I just signed up for a good Dental Gold plan at $100 a
month for my family, but since it's not company I have to
wait 6-12 months for a lot of the benefits :(
The insurance deductibles are I think around $6000 a year
and I have medications that eat up most of that.
I just upped my life and disability insurance on myself
and my wife to make sure things don't go bad if I die,
that's around $550 a month.
I think I spend about $1000 a month on eating, groceries
and movies/date nights, at least that's what I came up to
in December so that might be a bit off.
I've got real estate I'm still trying to sell, but it's
not the panica everyone says it is, lol!
I just feel like finances don't go as far as they used to
a few years ago.
I'm not sparking a political debate, just wanted to see if
everyone see things in a similar light?
Or am I just doing the wrong things?
