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Jarrod Posner - 70% pay cut
Jarrod Posner - 70% pay cut
Jarrod Posner canoodles with his wife.
Old Job: Mortgage lender - $110,000
New Job: Enrollment counselor - $33,000
Hardest thing to give up: I miss the luxury of comfort, knowing we had financial security at all times. I wish I had been smarter.

Posner, 34, was a mortgage lender for home builder D.R. Horton making $110,000 a year until he was laid off last May. Despite applying for many jobs through job-search sites, he received only one offer through a contact at the University of Phoenix in September.

The position, as an enrollment counselor, paid $33,000 a year.

"I was actually thankful because I was getting a job but at the same time my wife and I realized we had to make a lot of lifestyle changes," he said.

Since then, the Posners, who have two children, foreclosed on their home, moved into a rental property, downgraded from two cars to one and learned how to budget.

But despite the hardship, Posner says he is content with his job and happy to be employed. "Through foreclosure and possible bankruptcy, we've realized as a family what's important." - Jessica Dickler

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Last updated January 12 2009: 3:07 PM ET
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