7 of 7
BACKNEXT
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

More galleries
Last updated January 12 2009: 3:07 PM ET
More Galleries
10 most expensive cars sold at Pebble Beach These multi-million-dollar cars sold for top dollar at this year's Pebble Beach collector car auctions. More
The world's most popular beer is ... Few people outside China have ever tasted the top-selling brew in the world. More
Transformations on the street On his days off, stylist Mark Bustos gives free haircuts to the homeless. Here are some of the transformations. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.