In the Sunday Times cover story, it is mentioned that a credit card promoter made $20,000 to $30,000 a month.
And that was in 2003, when the economy wasn’t so good and SARS (remember?) plagued the country. And she was only a 24-year-old business graduate at that time.
“I thought making money was so easy,” she said.
The story did not have a good ending. She made a silly move by switching to another bank to sell investment products. The new job didn’t suit her and she couldn’t sell enough to even earn a commission.
Despite the huge reduction in income, she continued her frivolous spending habit, chalking up huge credit card debts.
She is still servicing her debts today. Half of her current $3,000 salary goes to repaying the banks.
Selling credit cards made her rich. Using credit cards made her poor.
Well, we learn something from this story: Working in a sales position, especially one in a bank, can be very financially rewarding.
Next time someone sells you a credit card, ask “are you making $30,000 a month?” 🙂