What is the single best thing you did to get where you are today?

I'm surprised that you didn't mention going to the Naval Academy. Kinda like forgetting about a degree from Harvard isn't it?
Ouch! Go ahead, rip that band-aid right off. The subject would probably be its own huge [-]psychoanalysis[/-] thread.

It's true: I owe a lot to USNA. For starters I met my spouse there, although she spent the next seven years trying to decide if there was anything worth salvaging. She says she went to USNA because it was one of the very few colleges where her parents couldn't just phone her up or drop by to visit anytime. (Lord knows they tried.) It was also a great way for me to escape my family.

USNA taught me how to persevere in the face of adversity, although I was pretty darn stubborn & obstinate to begin with. I'm very good at ducking or absorbing shotgun blasts to the face, too, although I'm not sure what type of life skill that may be.

USNA also taught me a lot of leadership skills (almost as many negative as positive examples) that I'd never have learned anywhere else. And I certainly had the opportunity to take charge of many more taxpayer weapons systems & budgets than anyone in their right mind, let alone the Navy, should have trusted me with.

USNA taught me an exceptional degree of [-]deprivation[/-] frugality and an incredibly low standard of living that makes [-]federal prisoners[/-] most LBYMs look like Paris Hilton competing against Donald Trump for Brewster's millions. And the submarine force was a combined masters/PhD/postdoc in the subject.

So yeah, you're right dammit, USNA is probably right up there at the top of the list.

But I don't have to be happy about it. And I'll spend a lifetime recovering from it. I certainly wouldn't recommend it to my friends, let alone my kid.

Here's a conundrum: if a military academy is the key to ER, then where the heck are all their ER'd alumni?
 
Plebe Year at the Naval Academy established my lifetime baseline for pure unadulterated misery. It was, far and away, the very worst year of my life. But having lived through it, I have been able to travel through the rest of my life secure in the knowledge that 1) I am survivor, no matter what life throws at me and 2) the worst is behind me and life can only get better.

However, as Nords wisely points out, if USNA were all it took, every grad would retire early. The great majority do not.
 
Moved back to Canada from the States in 2001 when the exchange rate was 1.5. This allowed us to buy our home outright in Canada and we were mortgage-free by the time I was 29 and DH was 31 :cool:.
Dirty market timer!:whistle:

PS We bought our condo in PV the last time the dollar was at par (Nov/07):ROFLMAO:
 
I'm not upset. No kids either.;)
It is obvious that there is no common thread on this thread.
- 2 kids
- divorced
- good selection of new partner (7 years before ER), 15 years and counting...
- current partner contributed half of our net equity
But it was still having clear goals at every point of my life. Even now.
 
My mother didn't think I was very bright so she told me to learn how to cook and marry a Doctor. So I did. Picked the right girl, she needed a cook. 35 years later I'm still cooking for her. We are both government employees. We are both cheap on clothes etc. She owns 9 cameras and 7 computers. (did I say she is a techie?)
Bought the broken down house I grew up in from my father 30 years ago. I still live in it but it is nicer. Supervised the renovation
No second home
2 great kids, never cared what they cost.
Neither of us ever stopped working. I did most of the school trips, and other time eaters.

Older child getting a very marketable Ph.D. Younger graduates from law school next week
37 when I bought my first new car (Van for the kids)
Never paid credit card interest
Took up scuba diving at 45, by then we could afford a hobby
 
Nothing. Absolutely nothing! In the following sense - max deduct 401 ala Ben Graham and Bogle - ballpark 60/40 index 500/fixed - and partied til I puked - just kidding - however I did live thirty years in New Orleans - need I say more.

Studing investing, reading books, legend in my own mind stock picking, rental RE,and 'slice and and dice' /AAII/going to chapter meetings in the end amounted to a picture of warm spit - getting ahead wise.

Back at the ranch - the part I wasn't looking at on full auto deduct (401k) became the the horse I rode in on - trumping everything else.

At age 49 getting layed off - I became a 'unemployed' really cheap SOB and as luck would have it - it was the 90's. A little severance pay, about a yrs temp work all told, sell and consume the rental proceeds - a small pension at 55, SS at 62 - badda bing, badda boom pretty soon an old poop at 66.

heh heh heh - hindsight being what it is - I still have trouble grasping how stone simple it is - I sometimes post 'don't read books' over Bogleheads which goes over like 'you know what in the punch bowl.' Read one paragraph of Bogle on why index funds work, take the leap of faith and auto invest, stay the course. Then ignore investing (unless it's your day job) and then go do life. When the time comes to retire - then retire. :D

I never listened - nor do I expect anyone else - we gotta redo it every generation.

Saints finally won the Superbowl and Jazz Fest this weekend. ;)
 
Since I've spent most of my life drinking and chasing women, it would have to be buying that lottery ticket. :whistle:
 
Sure you chased, but how many have you caught?

Or was it that you got caught?
 
I'm not married, no kids of my own, but plenty of nieces and nephews. I too agree that there is no value (not even ER) that can be traded for the joy children.

I got a brother one year older than me. We were always really close, and am til this day. As kids we did everything together (many considered us twins). As we got older, we took different paths. He got married, 4 beautiful daughters, got divoriced, remarried. With all the child support payments he'll probably work his entire life or until he just can't work anymore. On the otherhand, I've (so far at least :LOL:) remained a bachelor, no kids, house paid off, had a good job, been able to ER.

Yet, in the end...who has had a better life? The joy of kicking back and treating everyday like Saturday or the joy of knowing four beautiful daughters of his own and a stepdaughter that think the world of their dad?


I had an older, wiser women tell me when I was 25 that there were the joys of being single and there were joys in being married. I think the same rule applies to having children. Think it's pretty much 6 of one and half dozen of another, not for everybody and a personal decision.
 
(...) marry a Doctor. So I did. Picked the right girl, she needed a cook. (...) She owns 9 cameras and 7 computers. (did I say she is a techie?)
Sounds like you hit the lottery! Geek girls rule. :)
 
My single best move to get where I am today was to take maximum advantage of my parents' offer to pay for my university tuition by choosing medical school. No BA for me!
 
I listened when someone told me to "look at people who have what you want, watch how they do it and then do it yourself." I read that most of the wealthy people in America did it with real estate. That was 20 ys ago.
 
Listened to the guy at my job that encouraged me to stick with it. I had just short of 5 years in and was making about $20,000 a year. He told me that if I stuck it out I could take my pension in 25 years, 20 if I bought 5 years. I listened. I bought my five years for a ridiculously low amount and worked 20 more years eventually becoming a project manager. I retire in July of this year. It wasn't always fun, but to be able to retire at 43 it was worth it.
 
- Learned very early to save minimum 15% of every paycheck and to put it out of sight.
- Found fun in tracking expenses and setting up a monthly balance sheet on net value.
- Found DH (30 years ago) who is very compatible in terms of saving and spending - and, most important, is a wonderful person.
 
An adult needs only one meal a day and a tent to survive. Everything else is optional. Once you realize this, you can ER any day of the week.
 
An adult needs only one meal a day and a tent to survive. Everything else is optional. Once you realize this, you can ER any day of the week.

That goes for me and you, but my girlfriend refuses to accept that it applies to her! :nonono:
 
An adult needs only one meal a day and a tent to survive. Everything else is optional. Once you realize this, you can ER any day of the week.
Eh heh...everything else is optional?...not in my world... :whistle:
 
I picked the right spouse!

Right! As a side note, we have the following list hanging in our bathroom for our kids to read (and reread and reread). 21 Suggestions for Success by H Jackson Brown, Jr.. Here's the first item on the list.
"#1 Marry the right person. This one decision will determine 90% of your happiness or misery."

Also, I planned my career. First, I invested in an education better than most of my peers; second, I took strategic jobs to gain broad-based experience as well as specialized expertise; finally (and only then), I took strategic jobs to make the best money, with some necessary risks mixed in. All this planning only created an opportunity though....the biggest factor here was a strong dose of luck that eventually put me close enough to ER.
 
Right! As a side note, we have the following list hanging in our bathroom for our kids to read (and reread and reread). 21 Suggestions for Success by H Jackson Brown, Jr.. Here's the first item on the list.
"#1 Marry the right person. This one decision will determine 90% of your happiness or misery."



I would argue that before you make this decision, you need to decide if you ever want to get married. Many people these days are happier remaining unmarried, so simply deciding not to marry will often be the one which makes those people the happiest.

I am not married, and at 47 I doubt very much I will ever marry. I enjoy the freedom of being unmarried the same way I enjoy the freedom of being ER.
 
I would argue that before you make this decision, you need to decide if you ever want to get married. Many people these days are happier remaining unmarried, so simply deciding not to marry will often be the one which makes those people the happiest.

I am not married, and at 47 I doubt very much I will ever marry. I enjoy the freedom of being unmarried the same way I enjoy the freedom of being ER.

No argument from me on your point. A couple of observations though. I think marriage is best for most people (this generalization may get me from flak but I believe there is evidence for it). I also believe having kids is best for many people, but I'm hesitant to say most. When it comes to reaching ER though, where the right like-minded spouse is a great help, there is no doubt kids make it harder.
 
Lots of very fine people do not have children. I have no idea if Marriage/and or children is "better", but unquestionably those who do raise children are in effect "paying back" the cost of their own upbringing by supporting the next generation.

I do get incredibly irritated when those who for whatever reason do not have children grouse about the public cost of supporting the next generation, as if children are a personal consumer product. Such grousers are classic "free riders" who were happy to take but are unwilling to give.
 
No argument from me on your point. A couple of observations though. I think marriage is best for most people (this generalization may get me from flak but I believe there is evidence for it). I also believe having kids is best for many people, but I'm hesitant to say most. When it comes to reaching ER though, where the right like-minded spouse is a great help, there is no doubt kids make it harder.

I strongly disagree with the bolded text. Many people have kids who have no business having them. They have kids simply because they think they "should," as if it were simply expected of them by friends, family, or society at large. They end up making terrible parents, inflicting their bad parenting and badly raised offspring on the rest of society to deal with. On the contrary, how many childfree people regret not having kids? By definition, being childfree means not ever wanting to have kids. Childfree people such as myself have thought this through and know it is the best decision for us.
 
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