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<blockquote data-quote="browniehound" data-source="post: 379614" data-attributes="member: 4653"><p>Johney and Upstate are talking about good stuff here. Johney makes a good point about the youth of many of our drivers before they make top-rate. This fact alone will make it even easier for them to max out the 401k once they hit top-rate.</p><p> </p><p>Think about this scenario. You start at UPS at age 17 with no college education part time. Maybe you go to the local community college, to keep your options open, but are working PT at UPS and picking up the extra shift when the the opportunity is there and during peak. You are putting $10 a week into the discounted employee stock purchasing program. You are also putting 10% of your earnings into the 401k.</p><p> </p><p>Your family can't afford to send you to college, but will allow you to stay with them after you graduate high school. So now your goal is to become a full-time driver. Now, you become a full-time driver at age 21 and the last 4 years you have been contributing to both funds.</p><p> </p><p>Now, you make top-rate at 24 and mom still lets you live at home because you are ugly<img src="/community/styles/default/xenforo/smilies/FeltTip/funny.png" class="smilie" loading="lazy" alt=":funny:" title="Funny :funny:" data-shortname=":funny:" /> and are not married and there is no hope of you becoming married in the next decade<img src="/community/styles/default/xenforo/smilies/FeltTip/sick.png" class="smilie" loading="lazy" alt=":sick:" title="Sick :sick:" data-shortname=":sick:" />.</p><p> </p><p>That OK because it allows you to contribute the max into you 401k at age 24 (this alone will make you a millionare by age 50) and now you are buying $100 worth of UPS stock every week at a 10% discount.</p><p> </p><p>Yes, you missed out on the college experience and education. You also missed out on having a wife and kids.</p><p> </p><p>The flip side of all of this is you always have MONEY. You go on vacation with your friends to Vegas, Florida, California, or the Carribean Islands 2-3 times per year.</p><p> </p><p>Your choice to become a UPS driver and stay single was a smart one. Everyone else you know who got married and are UPS drivers (or UPS management) are now divorced and never see their kids because the job demands you to be there 9-11 hours per day. Their wives are taking 40% of their paycheck leaving you $400 per week to pay for an apartment, car, gas, etc.<img src="/community/styles/default/xenforo/smilies/FeltTip/angry.png" class="smilie" loading="lazy" alt=":angry:" title="Angry :angry:" data-shortname=":angry:" />.</p><p> </p><p>You, on the other hand are rolling in the dough. By starting out at 17 and buying stock at a 10% discount and maxing out the 401k at age 24 (est. $15,000 per year), by age 59.5 you will have many millions of dollars<img src="/community/styles/default/xenforo/smilies/FeltTip/greedy.png" class="smilie" loading="lazy" alt=":greedy:" title="Greedy :greedy:" data-shortname=":greedy:" />.</p><p> </p><p>Now, if the teamster pension plan is still there (you won't even need this if you did the above) and you can still collect social security at age 62 you will be able to use $20 bills as toilet paper!</p><p> </p><p>My post was meant to illustrate that a 17 year-old can start work at UPS with no education and be a millionare 25 years later if he is disciplined and smart with his money. And for this reason, UPS is a fabulous place to work for!</p><p> </p><p>Leave out the pension and SS. Just disciplined investing in the discounted stock program and 401k plan will get you where you need to be. Add the pension plan and SS and you will be filthy rich!!!!!!<img src="/community/styles/default/xenforo/smilies/FeltTip/greedy.png" class="smilie" loading="lazy" alt=":greedy:" title="Greedy :greedy:" data-shortname=":greedy:" /></p><p> </p><p>Can you argue this logic? I always knew women were trouble<img src="/community/styles/default/xenforo/smilies/FeltTip/sick.png" class="smilie" loading="lazy" alt=":sick:" title="Sick :sick:" data-shortname=":sick:" /></p></blockquote><p></p>
[QUOTE="browniehound, post: 379614, member: 4653"] Johney and Upstate are talking about good stuff here. Johney makes a good point about the youth of many of our drivers before they make top-rate. This fact alone will make it even easier for them to max out the 401k once they hit top-rate. Think about this scenario. You start at UPS at age 17 with no college education part time. Maybe you go to the local community college, to keep your options open, but are working PT at UPS and picking up the extra shift when the the opportunity is there and during peak. You are putting $10 a week into the discounted employee stock purchasing program. You are also putting 10% of your earnings into the 401k. Your family can't afford to send you to college, but will allow you to stay with them after you graduate high school. So now your goal is to become a full-time driver. Now, you become a full-time driver at age 21 and the last 4 years you have been contributing to both funds. Now, you make top-rate at 24 and mom still lets you live at home because you are ugly:funny: and are not married and there is no hope of you becoming married in the next decade:sick:. That OK because it allows you to contribute the max into you 401k at age 24 (this alone will make you a millionare by age 50) and now you are buying $100 worth of UPS stock every week at a 10% discount. Yes, you missed out on the college experience and education. You also missed out on having a wife and kids. The flip side of all of this is you always have MONEY. You go on vacation with your friends to Vegas, Florida, California, or the Carribean Islands 2-3 times per year. Your choice to become a UPS driver and stay single was a smart one. Everyone else you know who got married and are UPS drivers (or UPS management) are now divorced and never see their kids because the job demands you to be there 9-11 hours per day. Their wives are taking 40% of their paycheck leaving you $400 per week to pay for an apartment, car, gas, etc.:angry:. You, on the other hand are rolling in the dough. By starting out at 17 and buying stock at a 10% discount and maxing out the 401k at age 24 (est. $15,000 per year), by age 59.5 you will have many millions of dollars:greedy:. Now, if the teamster pension plan is still there (you won't even need this if you did the above) and you can still collect social security at age 62 you will be able to use $20 bills as toilet paper! My post was meant to illustrate that a 17 year-old can start work at UPS with no education and be a millionare 25 years later if he is disciplined and smart with his money. And for this reason, UPS is a fabulous place to work for! Leave out the pension and SS. Just disciplined investing in the discounted stock program and 401k plan will get you where you need to be. Add the pension plan and SS and you will be filthy rich!!!!!!:greedy: Can you argue this logic? I always knew women were trouble:sick: [/QUOTE]
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