EDJ Overtime Settlement
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Spiff-
I am sitting in a Starbucks in Kona, Hawaii sipping my morning coffee and didn't open rr forums this week until now. Have 9 family and friends here with me (by the way I am footing the bill too!). I did contact a couple of clients and conduct biz during the week of vacation. In answer to your question I netted after all expenses 40K in July. And here is the incredible part...looks like August will be better. Significantly. So many of my concerns about shutting down the office (my only staff is my wife, I thought I better take her with me) were non-issues. Simple voice mail message along with a letter that went out two weeks ago saying we would be gone for 8 days, and with internet definitely a non-issue. One client called my cell and other than that it was smoother than I ever dreamed. Handled all issues and clients I did contact thought I was the bomb just for calling, let alone handling their questions. Hey, could I be the next economic indicator! When I leave the market soars!!!Foot, just read your posting with some interest. My family and I just got back from Hawaii on the NCL cruise of the Islands so possibly ran into you somewhere. Did you stay or take the cruise for the week??
foot - congrats on a great month. If you would stay in HI for the next 6 month’s my clients would appreciate it.
Spiffy-
Funny you should mention staying in Hawaii. The wife and I discussed a couple of interesting possibilities, one including a longer stay next year. No worries about your clients unless they reside west of the Mississippi.That is the beauty of this job and fee based biz. You can take weeks off at a time if your clients will let you get away with it. I'm sure if you did it more than once or twice a year they might start to question it though.
95% of my clients are west of the Mississippi. Just west actually. Some of them can throw a rock and hit the Big Muddy.Spiff-
Less than half of my biz is fee based. I would love to see it end up at 80/20 for many reasons including extended vacations. I am becoming more value oriented to clients offering services that I am paid for. At Jones is was one and done, and on to the next. I know you have the option to change your biz and I would encourage you to move in that direction whether you stay or move on at some point. Unless you are a 5 hour plane ride to Hawaii away, in the words of the great proverb Ryan Seacrest (American Idol) you and your clients are safe.I fully intend to move my biz in that direction. I’ve done enough studying on the fee based platform we just launched to know that it is a great alternative to my traditional business, both for my clients and myself.
Oh yeah, I meant for you to stay in HI so the market will continue to go up. I'm not worrried at all about a guy from some no name, one man shop stealing my clients. How can you as the only guy in the office compete with me and the backing of the entire Green Machine?[quote=footsoldier]
Oh yeah, I meant for you to stay in HI so the market will continue to go up. I'm not worrried at all about a guy from some no name, one man shop stealing my clients. How can you as the only guy in the office compete with me and the backing of the entire Green Machine? The old me would have tried to take you on. The new regenerated me says its just not worth the effort to compete at your level. [/quote] Well how could you? Who would answer your phone? I couldn't resist.Ah grasshoppers. He who thinks his sh_t don’t stink, is destined to step in it.
Verizon my son....Does anyone know where I can find information about a similar case that settled in California about 3 months ago against AIG Retirement/Valic??
[quote=footsoldier]
Oh yeah, I meant for you to stay in HI so the market will continue to go up. I'm not worrried at all about a guy from some no name, one man shop stealing my clients. How can you as the only guy in the office compete with me and the backing of the entire Green Machine? The old me would have tried to take you on. The new regenerated me says its just not worth the effort to compete at your level. [/quote] Yeah, that's a smart move. Most people have found out that they can't compete at my level. Don't you have better things to do than to spend time while in Hawaii in a Starbucks posting on RR? I know they do a lot of surfing out there, but I figured they use a board, not a laptop. Go have some fun. We can verbally joust when you return.Spiff-
Thanks for the warning. And yeah I had alot better things to do most of the time, but once in a while I would sneak out for that little moment of peace I call nirvana, which is my business and I kept in touch . I did check the rr forums only once at the end of trip, but I did work throughout the week. And now that I am home I can tell you what a wonderful feeling of accomplishment knowning that I can plan, and fulfill a families dreams with an 8 day excursion worthy of any EDJ trip I ever went on. I can't deny that I was a little concerned that I couldn't compete with the Jones trips and my families expectations. I was wrong. We could pull off a first class trip and did. We many have paid a little more, but my kids saw first hand what the meaning of hard work and enjoying success appropriately is all about. Oh and Spiff, I have now imposed a minimum household of $500,000. I would not ever dream of taking any of your clients...BTW-
This is the overtime thread so here goes the latest info...According to the settlement administrator Rust Consuling, the checks should be issued 60 days from the final hearing date which was June 27. I was suprised somewhat to find out the checks are being sent regular mail. Labor day seems like the date we ought to be celebrating!I received this paper work and planned to fill it out, but some how it got misplaced. I do remember seeing a website address in the materials. Can anyone look at theirs and tell me where i can find the form i need to fill out to join the suit. I want every free dollar i can have.
Checks have arrived today!!! Ahh the sweet sweet smell of money. Now, where did I leave that credit card bill?
DB - what did you get paid, and how many months working @ EDJ did you have on the form?
I received 20% percent more than they originally estimated. A year of college is now covered for the little one....
I consider this payback for all the friggin mentoring, training, handholding I did to make the RL look good at my expense. Karma.I just received the settlement check from the California EJ overtime settlement. Total received was $15k and change. Half was treated as damages for which I received a 1099. The other half was treated as wages fro which taxes were withheld and a W-2 was issued. Net received = $12k.
I don't have a complaint with EJ. They hired me, trained me, and fulfilled their contractual obligations. When I left early they sued me, we settled, life goes on. In my EJ region the GP and his "Management Team" were jerks. Region meetings were filled with frat house skits and constant propagandizing about our virtues. I left EJ because I was weary of apologizing to my wife for my meager paycheck. As an independent I made, in my first year, five times my best year at Jones. I feel blessed to be in this industry.