Interesting. There is probably a minimum with transferring health insurance costs to a company structure, but maybe there is something I can do there.
Seems like I’m overpaying for my life and disability, but it is comprehensive and covers my wife some as well. I just need to find a way to reign in my insurance costs and I will be a lot better off. Oh, and sell my developed lots. Relators, are they really worth it? Seems like my last one sold half my lots that were all the cheapest ones, and didn’t really do much except list them on the MLS. From: Af [mailto:[email protected]] On Behalf Of Travis Johnson Sent: Friday, January 13, 2017 1:35 PM To: [email protected] Subject: Re: [AFMUG] OT Slightly, Cost of Living 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, [email protected]<mailto:[email protected]> wrote: I get half that coverage for twice that amount. From: Lewis Bergman Sent: Friday, January 13, 2017 1:07 PM To: [email protected]<mailto:[email protected]> 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 [email protected]<mailto:[email protected]> <[email protected]<mailto:[email protected]>> 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, <[email protected]<mailto:[email protected]>> wrote: God Bless freaking Obama Care! From: Sterling Jacobson Sent: Friday, January 13, 2017 11:12 AM To: [email protected]<mailto:[email protected]> Subject: Re: [AFMUG] OT Slightly, Cost of Living I could literally buy two more houses on my cost of insurances alone. From: Af [mailto:[email protected]] On Behalf Of Chris Fabien Sent: Friday, January 13, 2017 11:05 AM To: [email protected]<mailto:[email protected]> 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 <[email protected]<mailto:[email protected]>> 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?
