Economic Lifestyle of you Major guys
06-09-2007, 06:45 PM
#11
Gets Weekends Off
Joined APC: May 2006
Posts: 840
My advise is don't get your financial advice from a bunch of divorced overspending pilots, docs, or lawyers. If everybody here was so good at making a killing we would all be retired.
Millionaire Next Door is an excellent book though.
Millionaire Next Door is an excellent book though.
06-09-2007, 09:01 PM
#12
Gets Weekends Off
Joined APC: Apr 2007
Posts: 187
All of this just proves that it does not matter how much you make it's all about how much we save and how early we get started saving. Many people that make over 250k a year are broke because they spend like crazy and don't know how to manage money.
06-09-2007, 10:31 PM
#13
Gets Weekends Off
Joined APC: Nov 2006
Posts: 423
Sounds like my former plight! It's very sobering. Your post is a vivid reminder of how it is for a lot of civilians. Keep the faith. Oh yeah, this is a post for Sky High.
Tom
06-10-2007, 02:12 AM
#14
Gets Weekends Off
Joined APC: Nov 2005
Posts: 2,002
and many people who make 50k know how to save but can't because of family and are still broke. I'd rather have the 250k and the option of being foolish...
06-11-2007, 09:49 AM
#18
Line Holder
Joined APC: Jun 2005
Posts: 89
Anyone who can spend 20+ years at any major or large regional and can manage money, and stay married, should have no trouble retiring with a very significant net worth.
A friend of mine just retired from SWA with almost 4 million combined 401 and profit sharing, plus a seven figure Schwab account and a couple of rental properties. His house is paid for and his kids are all through college and he is really going to have a sweet retirement. However, he worked hard and smart and kept his pants on.
What I have seen ruin several guys are those half million dollar round of drinks at the end of the day.
A friend of mine just retired from SWA with almost 4 million combined 401 and profit sharing, plus a seven figure Schwab account and a couple of rental properties. His house is paid for and his kids are all through college and he is really going to have a sweet retirement. However, he worked hard and smart and kept his pants on.
What I have seen ruin several guys are those half million dollar round of drinks at the end of the day.
06-11-2007, 09:56 AM
#19
Gets Weekends Off
Joined APC: Jan 2006
Posts: 2,838
06-11-2007, 10:01 AM
#20
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,609
Originally Posted by maximaman
All of this just proves that it does not matter how much you make it's all about how much we save and how early we get started saving.
Originally Posted by Widow's Son
Anyone who can spend 20+ years at any major or large regional and can manage money, and stay married, should have no trouble retiring with a very significant net worth.
1. Don't spend more than you earn. In fact, don't spend more than 75-80% of what you earn. Debt sucks and is rather expensive.
2. Save early, save often, save intelligently.
3. Choose wisely when getting married, and stay faithful. Divorces are expensive!
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