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Hello
Old 06-28-2002, 08:58 PM   #1
 
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Hello

I'm 24 and graduated from college about 10 months ago. *Before graduation, I had two job offers. *I took the one that offered less money and was located in a very expensive area (washington dc). *Financially I would be a whole lot better off if I stayed at home in Phoenix but I wanted to explore a little. *

I work for a defense contractor doing software development. *My company has 130,000 employees and I think the bureaucracy we have to live with can be compared to the federal government. *This stuff really annoys me. *I want to write code dammit, not fill out stupid forms and go to dumb meetings and take boring classes. *

A few years ago I had hopes to jump directly into the corporate world as a consultant, where I would have to deal with corporate bs but wouldn't have to really be a part of it. *The market wasn't right for that when I graduated but I have major plans to save a nice emergency fund and in say, 4 years quit the company and move back to Phoenix to do consulting. *I say 4 years because I'm involved with my company's "engineering leadership development program" which is a just-out-of-college program (more corporate BS) where I attend leadership conferences (boring classes), take on a new assignment every year (variety is good) and get my graduate degree within 3 years (I have to pay back the money if I quit before a year after I graduate). I decided all this extra work is worth it because I will get much better pay raises for each of the 3 years (7-12%). *

I want to retire when I'm 35. *Or maybe 40. *I'm pinching every penny right now, putting 16% into my 401K, $250 a month into a Roth IRA, and $300 into a Money Market. *My rent is really high and that takes up 30% of my salary (I prefer to live alone). *I don't have any of my budget allocated towards clothing, entertainment, electronics and computer equipment so I rely on the sporadic $ I make writing articles for computer magazines. *Being able to spend that money (minus the tax % I have to set aside) really motivates me to come up with new articles.

Before I continue writing a book, I just want to say that I'm really excited about the RE web site and the other intro posts here are very interesting. *
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Re: Hello
Old 07-03-2002, 07:14 AM   #2
Dryer sheet wannabe
 
Join Date: Jun 2002
Posts: 20
Re: Hello

I'm self proclaiming myself the RE make sure you don't miss today guy.

At 24 you need to make sure you enjoy yourself a little now too, you are only a twentysometing once and it is a great time.

At 27 I am now saving plenty but I make sure that that is not my whole life. A pile of money for no purpose can lead to an empty existence.

I know cuz I used to be extreme and not spend on anything, and eventuallyy became dissatisifed with my life. Then I went th other way and spent like a fool and now have achieved a nice balance. I hope you already have.

I could save more to maybe move the plan up a couple years but having friends already who have had strokes and cancer and what not it makes me think sometimes is it worth worrying whether I retuire at 35 or 38. Too many unknowns.

OK I feel better now, that being said, keep up the good work!
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