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March 4, 2015

Deceptive Fax Backs: The good ole’ bait and switch tactic

These days notaries are complaining about many things. There is the good old, “They never paid me.” Then there are those who got paid late. Cattle Calls with low-ball offers via email or text are a new source of notary exasperation. But, deceptive fax backs are another source of annoyance and grief.

Did I forget to mention the fax backs?
Notaries have been complaining about fax backs for a long time now. But, the types of issues I have been hearing about have been getting worse. It is common for companies to simply not mention fax backs, or to lie and claim that there are no fax backs. Then, later on, the notary will read the instructions and see that 50 pages of fax backs are required. What should a notary do at this point? Should they demand more money? Even if the signing company agrees, the notary will not likely get the extra cash. Should the notary just cancel the job knowing that they will never get paid for their extra 30 minutes of work? In my opinion, the way you handle this type of situation should be contingent on one fact — do you want to ever work for this company again? If yes, press 1 and do whatever they tell you to. If it is just not worth it in the long run due to bad past experiences, or it is below your well thought out standards then press 2 and tell them to forget about it because they did a bait and switch.

20 pages of fax backs will be necessary!
When negotiating fees, notaries want to know how many pages of documents will be in the package, and how many fax backs. It is typical for a notary to be promised a package of “about” 100 pages with 20 pages of fax backs. When they get the actual package it is 178 pages with 50 pages of fax backs. This happens more than you might think. The key to dealing with this is to have a policy that is well thought out that you create beforehand for how to deal with these types of situations.

If you are flexible, you will just do whatever the companies ask and deal with it.
If you have a lot of other things to do and time is tight, you can have your rate be based on a particular size of package, and then charge an additional rate for each additional page and each additional fax back. If the company signs a contract with you regarding your additional fees (which they will not likely do) then you are in business. However, many companies won’t pay your additional fees after the fact, so incorporate that sad fact into your policy.

Sample Fee Structure for notaries with 1000-3000 loans signed
Signings: $100 (eDocs not included)
eDocuments: $20 for first 100 pages per set; 12 cents for each additional page per set.
If the package is 200 pages, you charge them $32. And refused to work for them again until they pay this.
Fax Backs: $5 for first five, 50 cents for each additional.

Beginners Sample Fee Structure
Signings: $60
eDocuments: $15 for up to 200 pages per set
Fax Backs: Up to 25 included, additionals are 40 cents a page.
Beginners should price themselves low to get at least 500 signings worth of experience, and then consider raising their rates by $5-$10 if the market will tolerate that.

In real life, fax backs are mostly for complete beginners. And for them, I recommend that they just do it without complaining. Signing companies have no other way to ensure that the package was signed correctly. There are many notaries out there who don’t know what they are doing, and they have no way to know that you are the one notary who really does know what they are doing without fax backs, otherwise a half million dollar loan could be ruined which is not worth their risk.

Don’t work for them if they don’t pay the incidentals
If a company won’t pay for incidentals on extras that they didn’t tell you about up front, then don’t work for them again. If you lose too many customers, it is time to increase the number of pages and fax-backs that you will accept for your base fee. There is no right or wrong in rate structures. It is about charging what the market will bear, and not trying to charge based on what you think is fair.

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You might also like:

Signing Companies that require lots of fax backs
http://blog.123notary.com/?p=13088

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December 27, 2014

Signing Companies that require lots of Fax Backs

Notaries regularly complain about signing companies that require fax backs. But, the good news is that those companies often hire beginners! Whether you like this list of signing companies or not, at least the information here has some type of value. You either love them or you hate them!

Accurate National Signing Service
http://www.123notary.com/forum/topic.asp?TOPIC_ID=5512

American Title
http://www.123notary.com/forum/topic.asp?TOPIC_ID=5840

Ameristar Signing
http://www.123notary.com/forum/topic.asp?TOPIC_ID=6110

Bank of America Loans
http://www.123notary.com/forum/topic.asp?TOPIC_ID=6040

FASS
http://www.123notary.com/forum/topic.asp?TOPIC_ID=2829

Global Notary
http://www.123notary.com/forum/topic.asp?TOPIC_ID=2517

Mortgage Connect LP
http://www.123notary.com/forum/topic.asp?TOPIC_ID=3430

Nation’s Direct
http://www.123notary.com/forum/topic.asp?TOPIC_ID=2436

Service Link
http://www.123notary.com/forum/topic.asp?TOPIC_ID=2384

Signing Stream
http://www.123notary.com/forum/topic.asp?TOPIC_ID=5872

Signing Trac
http://www.123notary.com/forum/topic.asp?TOPIC_ID=5761

Solution Star
http://www.123notary.com/forum/topic.asp?TOPIC_ID=5978

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You might also like:

Fax Backs are a Pain
http://blog.123notary.com/?p=846

Notary Suicide Hotline
http://blog.123notary.com/?p=6995

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May 17, 2011

Fax Backs are a Pain!

Fax Backs are a pain!
 
Notaries want to make easy money, and why not?  Everybody else wants easy money too!  But, the realities in the notary world are not fair.  A handful of notaries walk off with unreal amounts of money for doing easy signings. Maybe they have a nice manner, or have experience?  Maybe people swear by them?  They are the lucky and the few, and they are not complaining about anything.  But, for the rest of us, we have to hustle for our money.  Some jobs involve putting up with cancellations. Other jobs are for companies that don’t always pay you, or string you along while you wait for payment.  Some notaries end up with “Readers”, who are borrowers who read every letter of every word in every document and ask a total of about three dozen questions, call the lender three times, and take forever.  But, these cases are mild compared to signings with fax backs.  Fax back has become  a dirty word in the signing agent business!
 
Commentary from notaries
I love reading forums and hearing what notaries have to say.  One notary says, “I don’t usually do these fax back signings”. Another notary states that after downloading, printing, driving, coordinating, and signing, its just not worth it to do fax back jobs for $60.
 
Why do companies require fax backs?
After running a Facebook profile for over a year, and a Forum for years, I realize that some notaries really know their stuff well, while the majority really do not even know what they are supposed to explain to the borrower, and what to refer to the lender.  Most notaries do not know what a “Document Date” is, or how to distinguish it from a document creation date. A few, can not even distinguish it from a signing date or notarization date.  Even if a notary is certified by NNA or 123notary, it doesn’t guarantee that they know their stuff. Our certification allows two wrong, and if one of the questions you got wrong was regarding what you can tell the borrower, then you could cause a lot of trouble.  The simple fact is that something like half of the mobile notaries out there do not know what they are doing, have not been trained, and need to get educated fast.
 
The companies requiring fax backs hire inexperienced notaries
To safeguard their loans from inexperienced notaries, the companies requiring fax backs read the faxes to see if documents were notarized correctly and signed correctly, so that they can have another notary go out and take care of business if there is a problem.  And, there could be more problems than you might think. For the notaries who do know what they are doing, they feel insulted being required to do fax backs. Its a waste of time and an insult to their intelligence, right?  Experienced notaries should work for outfits that make it a practice to work with experienced notaries and stay away from this type of babysitting job!

Tweets:
(1) Why do so many companies require fax backs? It is because notaries often miss things which could ruin a loan!
(2) Companies requiring fax backs generally hire inexperienced notaries.
 
Here are some related posts on the forum!

Low Ball Signing Companies
http://blog.123notary.com/?p=745

How to get business directly from title
http://blog.123notary.com/?p=14950

Fax Backs
 
FASS and fax backs
 
New Milleneum and fax backs 

Countrywide huge fax back

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November 24, 2014

Is $75 enough to print 2 sets of docs, notarize & do faxbacks?

In this tough economy, many notaries have simply dropped out. The remaining notaries, as tough or as proud as they portrayed themselves to be have simply had to compromise their standards for what they charge. Many signing agents with ten or more years of experience told Carmen (in confidence) that they were forced to accept $60 signings just to stay afloat. So, we won’t mention any names, but you know who you are. Desperate times call for desperate measures.

Americans complain about what Indians would regard as a luxury!
Notaries complain endlessly about how unfair it is that they only get $75 for so much work with such high expenses. My take on the situation is quite different because I travel. A policeman in India makes $50 per month (not including bribes.) Can you imagine living on $50 per month? How would you rent a place to live? You would be living on top of each other twenty to a room and eating dahl and rice in small quantities once or twice per day if you were lucky. Can you imagine this type of poverty that hard working Indians endure as a matter of standard procedure? And what about the folks in the countryside who work for 20 rupees per day which is about 40 cents. That is about $12 per month. When you get these $75 assignments, just say to yourself, “I made four months of a Bihari farmworker’s salary in two hours! Yippee!”

If you are doing worse than last year, do you get upset?
It is a human tendency to be sad when you are not getting what you want, or what you used to easily get. But, this human tendency needs to be changed. We live in a changing world where what was impossible yesterday might be easy tomorrow, and vice versa. You need to just do the best you can do and not base your life today on whether it is better or worse than last year. Notaries base their fees on 123notary on what they paid last year. If I charge $150 this year, but only $120 last year, they are upset that they are paying more this year than last year. What really matters is not what happened last year, but if your investment is getting you a sufficient return.

Let’s do the math
If you get $75 for a loan signing, how much work and expense is really involved. You might spend 20 minutes on the phone on average including follow up calls, scheduling and making sure the documents arrive through whatever medium is used. You might need to drive thirty to forty-five minutes both ways to the signing. You might go through 350 pages of paper, and some toner or ink printing the documents which is not for free unless you have a gift certificate to office-max.

Your real expenses might be $4 of car expenses including gas, oil changes, and other wear and tear.
If you can purchase paper for a bulk price you might use up $3 in paper, and $2 in ink or toner (just guessing)
You might use up two hours of your time including everything: 1 hour driving; 30 minutes signing; 20 minutes on the phone; 10 minutes doing fax backs. (best case scenario)
After expenses, you get $66 profit and you can deduct your miles at the Federal mileage rate as well!
If you spent two hours total, you got $33 per hour.

On the other hand, if you spent an hour each direction, had to wait four hours for documents, and the signers read every letter of every page and asked a million questions, plus spent an hour on the phone with Fred the lender, then you might have invested seven hours which would leave you with $9 per hour which is still above minimum wage in most states.

$20/hour is not bad for someone who can just walk in off the street.
I would say in all honesty, that the average signing agent probably makes about $20 per hour for their assignments. More seasoned signing agents who command higher rates like $125 or more per signing might make $45 per hour on average. Being a relatively inexperienced signing agent is not a high skilled job like being a nuclear physicist. You do not merit $50 or more per hour unless you are the best 1% of notaries in the business or are an Attorney. All you need to be a notary signing agent is to be a resident of a state (not even a citizen in many states,) fill out an application (most states don’t even have a notary exam,) get bonded, and take a quick class in loan signing; $20 per hour is not bad for someone who can just walk in off the street and start doing loan signings. For a notary with three years of experience, they should be making more like $25-$30 per hour. That is what I made when I was doing signings with that level of experience!

You might also like:

Pricing strategies for mobile notary work
http://blog.123notary.com/?p=697

Pricing formulas and time spent
http://blog.123notary.com/?p=588

Sample prices for various types of loan signings
http://blog.123notary.com/?p=84

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January 24, 2020

What hobbies could a mobile notary have?

Filed under: Humorous Posts — admin @ 10:52 am

Most Notaries work a lot, or complain that they don’t get enough work.
But, if they had time for hobbies, what would they do?

1. Finding new mechanics
Being a mobile notary puts a lot of wear and tear on your car. Trying
out new mechanics for fun seems like a great past time for Notaries.

2. Eating on the road.
If you like to try out new restaurants and cafes, being a mobile
notary puts you in lots of different neighborhoods. Starbucks has some
new sandwiches that I just tried with arugula which were not bad.

3. Reading blogs
If you want to be a better notary, read blogs, take notary courses,
and know your stuff. You can join forums too and chat not to mention
Facebook groups.

4. Editing your profile on 123notary
Sounds like a lot of fun, but your # of loans signed goes up daily,
but do you edit it daily? Change it from 87 to 89 please — let’s stay
current.

5. Reading articles on your iPhone
Between signings you have free time. Check out your stock values on
your iPhone and read a few articles too. See what Xi Jin-Ping and Kim
Jong-Un are up to. Maybe they will invite Trump for some kimchee or
kung pao – you never know!

6. Notary Monopoly
Notary monopoly is a little different. Instead of buying properties,
you buy relationships with signing companies. Some are high paying and
others require fax backs and take three months to pay. If you
backdate, you might get the “go to jail” card. Lots of fun for mobile
notaries.

7. Cooking dishes that can be interrupted.
There is a special cook book filled with dishes that you can abandon
in the middle of cooking them when you get that call for a last minute
signing. This is the only way to go because you never know when you
will get that call.

8. Having a “stamp” collection
But, what type of stamps are we talking about? Can you buy them on eBay?

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January 21, 2020

How much is it worth to have choices of clients?

Filed under: Advertising — admin @ 10:38 am

Most Notaries stop advertising as much when they have enough clients.
Other Notaries complain that they don’t attract the good clients or
that it takes too long to get paid. Most of the misery that Notaries
go through are due to the fact that they have mostly lousy clients.
The two main reasons why they have horrible clients is:

1. They are inexperienced Notaries lacking refinement and knowledge.
2. They don’t market themselves enough to pick and choose their clients

There are fixes to both of these maladies. If you lack refinement,
make it your purpose to master every step of the mobile notary
business. Take more courses, and master the materials. 123notary has
free and paid courses for signing agent knowledge by the way. The fix
for marketing is to spend more on advertising. If you get a higher
spot on 123notary (and it’s not free) and advertise in more counties
on 123notary, and also on other directories, you attract more calls.
It is like fishing – if you have a wider net, you attract more fish.
If you are going to throw back the fish you don’t like, you will still
have enough fish left over if your net is big enough.

Having more choices of clients means the following.
1. Getting paid more
2. Getting paid faster
3. Being treated with more respect and appreciation.
4. Perhaps less fax backs and shorter packages

From my point of view, for a full-time mobile notary, having choices
and better clients might be worth $1000 or more per month and perhaps
$15,000 or more per year. How much of that would you put into
advertising? In my opinion, at least 10% makes sense to have the
luxury of clients you absolutely love.

Mastering your game is another way to get good clients. Carmen is the
best Notary I know. She is smooth, knowledgeable and refined through
every step of the process. People offer her $175 to $300 per signing
because they know they are in good hands with her. If the rest of you
guys could try to have the same poise and savoir faire that she does,
you might see your paycheck going up. On the other hand if you don’t
study to up your notary knowledge because you, “don’t need to” or
“already know everything” then I guess there is no room for
improvement.

But, the rewards for improving yourself are fantastic. If you make
less than $125 per signing, then there is a lot of room for
improvement because Carmen wouldn’t even go down the street for that
price. Think about it.

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December 7, 2019

Social Media Site for Notaries – JuratBook

Filed under: Social Media — admin @ 7:39 am

Welcome to JuratBook, a social media site for Notaries. Notaries typically use this to complain about slow paying signing companies, and boast about how good their 123notary listing is doing.

With JuratBook, you can post an unlimited amount of special notary emoji’s on your posts. The surprised emoji would be if you got paid on time. The sad emoji would be if there were too many fax backs. A heart emoji would be because you love Jeremy and Carmen. A thumbs up (or thumb prints up) would be if you either liked a particular signing company, or if you thumb printed someone.

You can take selfies of you and your customers and post them. You can talk about what you do when you are not notarizing.

The problem with JuratBook is that it makes people more competitive about how popular they are. It makes you think your life isn’t as full as all these other people with lots of postings who celebrate life every day.

Unlike Facebook, you can use hateful speech on JuratBook. It has to be allowed, because Notaries are so frustrated by not getting paid on time. JuratBook believes in freedom of speech.

The algorithm used for JuratBook helps promote posts more about the social aspects of being a Notary rather than dull work related posts.

What constitutes JuratBook friendship? Do you have to notarize each other? Or have each other’s thumb print? The rules keep changing as the owner Sam Zuckerberg — Mark’s lesser known and less successful brother.

JuratBook — your social media venue!

You might also like:

Affiant – a social media site for notaries
http://blog.123notary.com/?p=6410

Yes, it’s the Notary dating show
http://blog.123notary.com/?p=15312

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December 4, 2019

A notary tries to be a comedian at a comedy club

Filed under: Virtual Comedy Themes — admin @ 6:04 am

There was a Notary who thought he was funny. But, he ended up having a lot of trouble at the comedy club. Here is what happened:

NOTARY: Hi, I’m mingling.

GIRL: Oh, that’s nice. This is a good comedy club.

NOTARY: I know, that’s why I came.

GIRL: I love comedy, it’s funny!

NOTARY: (pause… laughs abruptly) It’s just funny how you say it. It’s so obvious, of course comedy is funny. But, just the way you said it is funny. That’s right. Comedy — is — funny!

GIRL: Well your set is coming up.

MANAGER: Listen Notary, did you come to do comedy, or are you just joking around?

NOTARY: No, I’m here to do my set.

MANAGER: Good because there is nothing I love more than consensual sets.

NOTARY: And I brought a helmet so it will be protected sets.

GIRL: I didn’t see that one coming! Ha ha.

(Notary gets on stage)

NOTARY: So, this is a great crowd. Yeah… So, are there any Notaries here?

HECKLER: I don’t think Notaries can afford the $6 for drinks on what they make. Especially if there are eDocuments involved.

NOTARY: Normally I don’t like hecklers but you kind of have a point. When they asked for my six dollars I asked them to bill me and do a few fax backs. The bartender just gave me a blank look.

HECKLER: A blank look is better than a blank check.

NOTARY: You’re telling me, but don’t get your signatures in a bunch. So, did you hear the one about the two signatures that got married? They got divorced a week later. The writing was on the wall. The divorce ended up in a huge tangle. (pause) I guess they were not doctor signatures. I hope they had a good Attorney because the paperwork must have been a nightmare.

HECKLER: They would have to put the signatures on the documents which would mean they would have to multiply.

NOTARY: Hey, are you trying to steal my show? Actually, your jokes are even better than mine — so this will work out well. You must have a good writer.

HECKLER: It’s the same dumb-ass who writes your lines numbskull.

NOTARY: Good point. Wait a second, that means the writer is calling himself a numbskull.

HECKLER: He means it facetiously I’m sure. Okay. There was an embosser who bossed around the employees. Who’s the em-boss now?

NOTARY: I think he only has power over the employees in an em-mergency.

HECKLER: Good one. You must be learning from me.

NOTARY: Good God, what a thought. Okay. Got one. What do Notary seals and squids have in common?

HECKLER: Ummm. They both have ink?

NOTARY: Besides the ink…

HECKLER: Besides the ink?

NOTARY: Just kidding… it’s the ink.

HECKLER: You got me on that one! What about octopuses who do signings?

NOTARY: Yeah, they can answer the phone, fill in their journal, stamp the document and kiss the borrower’s wife all simultaneously. It’s kind of like being one of those Hindu Gods with all of the hands.

GIRL: Yes, there is nothing like hands-on experience.

HECKLER: I think that would be tentacles-on experience. Hey, look at that guy with the purple circles on his neck. Does he have a really good girlfriend or was he attacked by an octopus… speaking of octopuses?

NOTARY: No, that is Chinese gua-sha suction cupping. People use it to reduce tension and clear up blood flow. There is nothing funny about that. Olympians use it too, at least they showed evidence of it recently.

GIRL: Are you sure that isn’t an AIDS symptom?

NOTARY: It looks like it, but the AIDS circle is normally on your back or forehead and is smaller and looks different. Plus the color goes away in a few days if it is cupping. I went to a signing with cup marks once. I told the boss I had marks and he said do the signing anyway. Then he fired me because the borrowers complained. What a hypocrite.

GIRL: Men. On Monday they say one thing and on Tuesday they say another.

HECKLER: Kind of like a woman’s love. They try to hook you into a marriage, but halfway into the engagement they change their mind.

GIRL: Think of all the legal fees you saved. Speaking of legal fees, hey Notary, do you know any Attorney jokes?

NOTARY: Why don’t sharks attack Attorney-Notaries?

HECKLER: Oh, I know that one. Professional courtesy.

GIRL: No, it is because the Attorney-Notaries are so busy doing signings in Georgia that they don’t have time to go swimming.

NOTARY: Another possibility…. Okay, now we have a two-drink minimum, so when the drink lady comes, give her a nice order and a good tip. Deal?

JOHN: Do they have drinks with squid ink in them so I can have an official Notary drink?

NOTARY: There is no such thing, but there is Peruvian Inka Cola — try that. We have it on tap.

GIRL: I tried the certified angus burger with an embossed flat bread bun. Very delicious. But, not as good as the wagyu burger I had at the Japanese place.

NOTARY: Okay crowd. Now, A Notary was to notarize a husband and wife…

HECKLER: Oh, I didn’t know you were into that.

NOTARY: But, the wife wasn’t there and had to sign on another day. What do you do with the acknowledgment?

GIRL: Something kinky I hope.

HECKLER: You ruined it. I thought you were going to have a threesome and dress the wife up as a French maid or something. I think you have to use one acknowledgment for the guy and another for the girl, but not fill out the girl… oh that sounds kinky.. until you see her when her husband is not around on another date. You have to put the date the husband signed on the husband’s acknowledgment and the date the wife signed on hers.

NOTARY: Yeah, we Notaries sure love filling things out.

GIRL: Do you fill people out too?

NOTARY: You have to pay extra for that!

HECKLER: Oh! Good come back. I’m impressed. You should try improv!

NOTARY: One thing I don’t like about the amateur nights is that each person only gets three minutes and you are not allowed to interact as that is considered heckling. Thank God we don’t have that inconvenience here.

HECKLER: Yeah, I’ll say. People think you pay me to be here and harass you.

GIRL: You’re actually a big help and not that rude considering. I wish I could say the same about my ex-husband.

NOTARY: There was a rumor that I was having an affair with Jennifer Lopez, and the rumor spread all around Twitter, but I only got three responses. 1. Right on. 2. Awesome and 3. You wish… The third comment was from my wife. Okay, this has been a great show. Thanks and remember — keep stamping.

MANAGER: Yes folks, if you liked the show, stamp your feet on the ground to show solidarity with oppressed Notaries who stamp and stamp all day – well they stamp documents, but you will just have to be happy stamping on the floor for now. Thanks and you have been a great crowd. Damn it… they just ran out of Inka Soda. Why does this always happen on my shift?

You might also like:

Some comedians look for notaries
http://blog.123notary.com/?p=19931

Notary stand up routine
http://blog.123notary.com/?p=20789

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November 28, 2019

What would make the notary profession better?

Filed under: General Articles — admin @ 5:57 am

Notaries get together on the forums and complain about the profession. Sure there is a lot to complain about, but what can be done to make the profession better? Also, if it is so bad, then why do you stay in this industry — are you stuck here?

1. Less fax backs.
Perhaps it is necessary to check people’s work, but if someone has done x amount of error-free signings, shouldn’t they be able to get away with not faxing back every page?

2. Faster pay
There is no reason to make Notaries wait 60 days to get paid. Payment should be within 30 days with no exceptions.

3. Borrowers who are more fun
Personally, I’m tired of meeting people like the Smiths, or the Jones who are just plain plain. Boring! I want fun signers like comedians, criminals, world travelers, acrobats, etc. I would pay to notarize borrowers who were actors who would be a little more fun.

4. Better blog articles
I’m doing my best people. You could write some material too and share it with the group on our blog. Why do I have to do all the work?

5. Less traffic
Sorry, that is out of my control. But, there is a guy named Scotti who can beam you up!

6. Shorter packages
How about a loan that is three pages. You would be in and out in minutes. But, in the real world that will not happen.

7. Faster printers.
How about a printer that can print 200 pages in four minutes?

8. Cheaper paper and toner.
Not in this lifetime.

9. Fun courses
If we could have live seminars with lessons taught with comedy, that would be much more fun than our blog course and online courses. But, it is too difficult to get people together in the same place at the same time, so try to deal with what you do have.

10. Better pay
But, if there were more money, there would be much more competition and 99% of you would be weeded out of the game. So, be careful what you wish for.

The end!

You might also like:

I’m a high end notary in a low-ball world
http://blog.123notary.com/?p=22263

Will the election help the notary industry?
http://blog.123notary.com/?p=22267

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October 13, 2019

Should the cost of your commission, phone, equipment factor into your prices?

Filed under: Notary Fees & Pricing — admin @ 11:27 pm

A handful of Notaries responded to an old article about doing some job with fax backs and eDocuments for $75. The question was, is it worth it? I also mentioned that in India people would cut off their left arm to have such an offer, but I got only sarcastic responses stating that they didn’t live in India.

Many Notaries wrote back that when calculating your fee, you should consider:

1. Cost of commission, licenses & memberships
2. Study time
3. Cell phone cost per month
4. Equipment costs
5. Advertising costs & the time spent generating business
6. Auto expenses
7. Printing expenses

The fact is that expenses from 1-5 are fixed expenses and have nothing to do with a particular job. Expenses 1-5, if too much, should influence your decision to stay in the business or leave altogether as those expenses do not go up or down based on whether or not you take a particular job.

The real cost is whether you could do something else with your time such as a more profitable job, billing clients, sleep, spending time on errands or with family. If $75 is your best offer, then take it whether it is “fair” or not. There is no fair in business — only relativity.

Additionally, if you lived in India, you would be working all day long for a few dollars and would not get to eat in restaurants hardly ever unless you had a swanky job. You would have bare bones conditions and people nagging you all day long. Don’t take for granted that you live in an affluent society because that can be taken away from you in the long run. Yes, sarcasm is good, but try to see what is going on in other countries and realize how good you have it compared to the 3rd world folks.

LINKS
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