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Old 12-27-2014, 09:23 PM   #121
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I went through a similar situation. Divorce sucks.

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Originally Posted by CorporateSoldier View Post
Humanities major who ended up in retail. (retail everyone hates retail!)

Started at 17k a year 22 years ago.

Will make 350k this year. (many promotions)

Was saving a TON the last 4-5 years when my pay about doubled.

Just had my divorce finalized.

Ex-wife took half.

Need to save some more now.
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Old 12-28-2014, 12:45 AM   #122
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I'm a Professional Engineer, but I haven't actually designed anything in over a year. I'm currently estimating and bidding to land new jobs (tedious but not so bad) in the heavy civil market in the PNW. Our biggest client for the past few decades has been WSDOT but we are starting to do work for Sound Transit.
I'm also trying to close out a Railroad job but the contractual punch list items have been dragging on for months (uber tedious and very frustrating for me). But I'm making more money than my wife can spend, so I really need to kick myself in the pants and get off this blues train.
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Old 01-26-2015, 08:29 PM   #123
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DH (44) is an electrical engineer. I (43) am a pharmacist by profession but Wonder Woman/Super Mom to two boys (8 and 5) is my other identity.


AGI last year was about $250K. 2014 was a hallmark year for us because not only did we celebrate our 20th wedding anniversary last fall, but we also paid off our house on Black Friday. We are blessed to have zero debt at this time and really have no plans to incur any more! Net worth is a little over $1M and includes our $300K home. About $50K saved so far for kids' college (currently contributing $6K total annually)


First order of business is to beef up our emergency savings. Then plan to get some renovations done to the house that we've been putting off (mostly cosmetic, thankfully, so should not be too expensive). Of course, we plan to bump up the retirement savings, too.


Still trying to get used to not having a house payment anymore.
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Old 01-26-2015, 10:11 PM   #124
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Originally Posted by Brianeboatman View Post
We all dream of retiring early here on this site. I'm curious, what do you do for a living? What kind of money do you make? And finally, what percentage of your wages are being invested to retire "early"?


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Retired almost 3 yrs.
I was a computer programmer full time and did RE investing and Sports Photography part time. My wife was in Mgt. We made pretty good money but we lived way below our means. Before I retired we were banking 3 of the 4 monthly paychecks.
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Old 02-06-2015, 02:25 PM   #125
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DH and I graduated from HS together and immediately started at low wage jobs (1976). He was a press operator and I was an telephone operator with the local phone company. We got married, bought a entry level home, had DD and scraped by LBYM and always managing to save something. Debt scared us!!! 10 years later he got on at USPS as Letter Carrier and I worked my way into the Sales/Mktg part of company and started college to college PT. I eventually earned a 4-year degree in Business and upgraded to Sr. Sales Exec. positions making good money and eventually managing sales centers. Always saved my sales comp and bonus checks. Took a generous early out pkg in late 2003 and went to work for local utility company in marketing for a few years and then on to a few other corporate gigs until I retired August 2014. DH will join me when he hits his 30 years at USPS (6/2016).
We always saved in CDs and savings accounts and maxed out 401ks the past 10 years - made some investment errors early on that we recovered from. I also had ESOP and some stock options along the way. We always had an emergency fund and saved enough to buy waterfront property and build a small retirement home with cash. Paid cash for cars the past 30 years and took inexpensive vacations. We will sell primary home next year. Biggest advantage was staying focused on saving for our goal and LBYM.
We will have a comfortable and enjoyable retirement.



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Old 02-06-2015, 02:39 PM   #126
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Wow, Dog. That is textbook, but nonetheless admirable. Congrats to the two of you.
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Old 02-06-2015, 02:46 PM   #127
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Go Dog Go!
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Old 02-06-2015, 04:19 PM   #128
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Quote:
Originally Posted by CorporateSoldier View Post
Humanities major who ended up in retail. (retail everyone hates retail!)

Started at 17k a year 22 years ago.

Will make 350k this year. (many promotions)

Was saving a TON the last 4-5 years when my pay about doubled.

Just had my divorce finalized.

Ex-wife took half.

Need to save some more now.
Consider yourself fortunate that she only got away with half.

Ha
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Old 02-06-2015, 10:04 PM   #129
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Commercial and Contracts Manager (consulting) for a national oil company (NOC) in Yemen. If I can get a couple more years in out here and work extra days I should be on track to pull the trigger and FIRE before I turn 33.
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Old 02-07-2015, 08:57 AM   #130
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Me, police officer. DW is a customer service manager. Ages 40 and 36. Together we bring in about $130k but save 45%, basically her entire paycheck. Looking to ER at 53 and 49 together. No debt and on vacation as we speak in San Francisco for my 40th!!!!


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Old 02-13-2015, 07:18 AM   #131
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I went to Electronics Repair school after high school, worked ten years in a super low paying field of copier repair. I was able to get into the IT field in the late 90's when the field was taking off and worked for several IT contracting companies travelling the country working various projects. After that I worked in IT for a major beer company and now work in the Oil and Gas industry (Shale Developer) also IT, making more money then ever before with a good 401k match (15%). DW and I have three teen aged kids at home and she works a sub teacher, we are fortunate to be saving 35% of our income at this point.


My current job is very low stress and I hope to work another 12-17 years here, but I know in todays world, there are no guarantees, so I will work here as long as possible.
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Old 02-14-2015, 11:35 PM   #132
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I started working with a painter when I was 13, then once I became a "legal" worker I took orders at the border (Taco Bell). The manager wanted to promote me and I immediately got scared and thought I would end up working there forever.

I joined the Army as a Supply Specialist and shortly thereafter was offered a scholarship to get my accounting degree and become a commissioned officer. I did a mix of Air Defense Artillery and Finance for roughly 9 years then had enough and moved to Panama for a few years. While we were in the Army we bought several rentals which allowed us to live in Panama without jobs. We were in our early 30s and enjoying life until I decided I wanted to own my own business.

We moved to San Antonio and bought a pool route servicing and maintaining commercial and residential pools. The recession hit and we lost quite a few residential pools so we shifted our focus on commercial HOA pools. We ended up growing the business despite the recession. We eventually sold our pool route and started selling other pool company's routes. Turns out I really enjoy selling pool routes and the commissions are great. Our household income is currently low six figures but the business is growing and the DW just finished her MBA so she's looking for another position more inline with her education and experience.

Our goal is to pay off our house this year and then funnel the extra income into retirement accounts and get back into rentals. I figure our savings rate will be over 50% at that point. DW works for the gov't and will be buying back her military service time to count towards retirement.

We're in our early 40s but we're concentrating on the FI rather than the RE. I've got plenty of flexibility working for myself so I don't see much changing when I retire.
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Old 02-15-2015, 12:04 AM   #133
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Jack of All Trades, Master of None

I had a real job once... Didn't care for it.

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Old 02-15-2015, 01:55 PM   #134
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I'm active duty Army and plan to retire next year.


I was fortunate to have someone tell me to invest when I joined the Army. Since then I've invested in stocks, mutual funds, real estate, precious metals and learned tax planning. In the last 3 years I was in Money magazine twice, one for on my way to million $ and told I could retire in 10 years. Then last year I was on MM online for a risky stock investment that paid off (I bought American Airline when it was bankrupt at .80 cents a share). I don't plan to work for someone when I retire and have a few side projects working now.
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Old 05-14-2015, 06:16 PM   #135
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as we are paying for expensive private schooling for the kids. But we are already more or less FIRE once we decide to quit/leave Beijing/sell current apartment, so while it is painful to pay those fees we feel it is worth it for what we are getting (kids doing very well both academically and socially).

ISB or WAB? I often wonder if in the long run it is worth the ridiculous cost ....
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Old 05-14-2015, 11:29 PM   #136
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ISB or WAB? I often wonder if in the long run it is worth the ridiculous cost ....
BSB, actually. WAB was a bit too unstructured for what we felt our kids needed, and ISB was too big/impersonal. At the time we were looking, both WAB and ISB were also more expensive than BSB, but that has now changed. Have been very happy with BSB, though -- more international than some of the other schools (Harrow was probably 70-80% Korean and Chinese) and they offer differentiated learning groups across the curriculum. My son is very talented academically, which is actually why we are leaving (he's been admitted to a special program back in the US), and his teachers have made a real effort to accommodate his needs/interests.
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Old 05-14-2015, 11:53 PM   #137
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Pay is not so great.
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Old 05-15-2015, 01:15 AM   #138
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I used to break stuff for a living. Now, I'm just pencil pusher.
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Old 05-15-2015, 11:33 AM   #139
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Nobody pushes pencils any more.... ;-)


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Old 05-16-2015, 10:22 AM   #140
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I was in IT for almost my entire career. Even though I felt like I worked hard and put in a lot of hours, I made a lot more money than I thought the job was worth the second half of my career (a lot more) and I saved large chunks (about half) of it the last 10 years.
I must admit I thought I was overpaid when I was a programmer making $80K in 2001, in an often stressful job.

Seems there are a lot of posters here saying they make 6 figures and their jobs are so low stress that they can't bring themselves to retire early. Nice problem to have, eh?
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