In-depth look on how to figure your gross month income for the newt time your applying for a new home loans or maybe the next time your in the market for a new car. Now what you really make so you do't short change yourself. The difference between what you make and what you take home could be a bigger amount than you think or give yourself credit for.

1. The Difference Between Gross Monthly Income and Take Home
squidoo.com /the-dif f erence-between-gross-monthly-income-and-take-home
In- depth look on how to figure your gross month income for the newt time
your applying for a new home loans or maybe the next time your in the
market for a new car. Now what you really make so you do't short change
yourself. The difference between what you make and what you take home
could be a bigger amount than you think or give yourself credit for.
Do you understand the difference between take home and your monthly gross income? If you don't that fine because I
will be explaining it in detail, and more than just the simple answer of%u2026 It's the amount your paid on your payroll
check before your employer starts withdrawing your payroll deducting and subtracting your taxes from your paycheck on
a monthly basis. This is the short answer.
Being in the car business for over the last 14 years has should and prove to me one thing. That is this, people are a
sleep at the wheel when it comes to their finances. No I seen a lot thing that when I was younger I thought was pretty
cool, but as I got older I realiz ed how stupid some of people money decisions were.

2. Like for example people would come in all the time years ago, closer to the begin of my career and they would pay
cash for a car. $20,000 to $30,000 no problem and it happen often. Then I started to ask how that were able to save that
much money and they all would tell me they just pulled it out of their home. And once I realiz ed what they were really
doing I thought it was the dumbest thing ever because at lease if you finance a car the payments are scheduled for 60 to
72 months by if you pull it out of your home is scheduled for 15 years and in some case 20 years.
I never could understand why you would want to buy a car you will only keep for no longer than 5 to 6 years just to be
paying for it for 15 to 20 years%u2026 Never made sense to me, just saying.
But when you finance a car under traditional finance the one thing they always look at is your Mont hly Gross Income
to see if you qualify for that particular vehicle, unless your have excellent credit then they don't even bother to worry
about how much you make. But it always surprise e that people would be working at a job for like 7 years and not know
how much that make on a monthly basis.
I always joked with them saying "You must be rich, because I know exactly what i make because its so little", but they
never believed me, I was a car salesmen and I couldn't blame them either. But the man thing is I got good at figuring
what people made as far as their month gross because they always would tell me how much they made per hour and I
would figure it out for the credit app.
It use to look something like this. Ok John, whats your hourly rate? His answer "$12 per hour" and then I would replied
"For how many hours John, per week?" His answer "40 hours a week", "Any over time John?"(ME)%u2026 "NO" he
would reply and the make would look like this%u2026
$12 per hour times 40 hours per week, = $480 per week times 4.3 weeks in the average month would come out to
be%u2026 $480 times 4.3 equals = $2064 is what John was making for gross monthly income. And 9 times out 10 John
would have told me one of two things either he didn't know or it was making $1,600 per month. Lucky for me I knew the
formula and now so do you so you'll never have that excuse again%u2026
For more information on how you can Increase you Monthly Gross Income check out my Income tips online here at my
blog at the link just above this sentence!
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