How to Make $300K and Still Be Broke:
- Marc Goodin
- Jan 5
- 1 min read
By Marc Goodin CEO of Storage Authority www.StorageAuthorityFranchise.com
$300,000 income
Take-home pay after taxes: $230K (if you are lucky & have real estate tax deductions)
Monthly expenses:
Mortgage: $7K
Car payments: $2K
Student loans: $3K
Private school: $4K
Food/dining: $2K
Shopping: $2K
Travel: $1K
Monthly Total = $21/month = 252,000/year
Leftover: -$22,000.
But what does everyone else see?
• A $1.3M home
• A BMW and a Mercedes
• A high-earning job
• Kids at "elite" schools
.• Instagram photos galore.• Luxury vacations.
So many high earners are one missed paycheck from disaster.
Always remember: The most stable wealth is built quietly.
Self Storage, allows you to keep your current career and build your wealth quietly.
Send me an email for reading material to help you understand self-storage Development, Operations, and Sales & Marketing Storage Authority. Marc@StorageAuthority.com Don’t forget to check out our FAQ’s & Blog on our website for great information. www.storageauthorityfranchise.com
Cheers,
Marc
Ps don’t forget to sign up for our 1 hour webinar on the 12 keys to building a successful self-storage Jan 9, 2025, 10 am – 11am. Register here: https://us02web.zoom.us/meeting/register/tZIkceuspj0pGNe9dIy9sCkIhuR8bHeRXw3u#/registration
Pss If you want a 1 page summary of each of the 12 keys to self-storage success email me with “12 Keys” in the subject line. Marc@storageauthority.com
Reading this article really opened my eyes to how easy it is to get caught in the cycle of making money but still feeling broke. It’s a tricky balance, and I’ve seen firsthand how businesses, even ones that seem profitable, can get overwhelmed by hidden expenses. This is exactly why a Yurt Retreat at a peaceful place like Celestial Center could be the perfect solution to reset. Taking time to clear your mind, while being surrounded by nature, can help you gain clarity and focus on what truly matters for your finances. Sometimes, the best business move is to step back and reconnect with yourself.