|I formed two companies in August and reduced my work week at my salaried job from 5 days to 4 days.
Company #1 was formed so that I can do some consulting work. It provided services during the last week in August and invoiced $650 in August. Monthly, I will indicate how much Company #1 invoices. It needs to invoice around $2500 per month to break even with income loss associated with the reduction of hours. I anticipate invoicing about $6k per month for the next few months.
Company #2 seeks to develop a high-tech product. To be successful it will take years and a lot of investment money. I won't mention Company #2 much, but we did manage to get $5000 (for nothing, zero equity given) to get us off the ground.
Retirement contribution/match will drop $3.5k per year, so total contribution rate will decrease to $50k /year.|