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When did you start 401k and what's your balance
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<blockquote data-quote="wilberforce15" data-source="post: 1104256" data-attributes="member: 5053"><p></p><p>We give 10% of gross to charity. And I confess I really don't understand how anyone can be FT at UPS for decades and not have enough for a comfortable retirement, regardless of the pension. If you live in a super-high cost of living area, maybe. But the rest I just don't understand.</p><p></p><p>I'm coming up on 30. I'm part-time at UPS and own a small solo business, and my wife works 25ish hours a week. Together, we've averaged a salary in the 60-70k range over the last 5 years. It was 40-50 for 3 years before that.</p><p></p><p>We graduated college with 30k in debt between us, and no assets to speak of. Today, with two small children (and hopefully more coming), we're completely debt free with two nice cars that will last a long time, and about 100k totaled between retirement and the start of a house down payment. That's in 8 years. In the next ten years, those financial assets are gonna look a lot more like 300k when we're turning 40, with a house mostly paid off by then. That's if income stays roughly the same. Income doesn't always stay the same, and crap happens in life. </p><p></p><p>But jeez, I'm pretty sure we're in better shape than many, maybe most, FT UPSers who have had higher incomes than us for decades. Where does all the money go?</p><p></p><p>Live below your means. Live WELL below your means. That means live far below it, and also to actually live WELL while living below your means. We eat good food made at home, have a lot of fun for free, and have tremendous wealth in our friends and family.</p><p></p><p>Get out of your debt traps. Downsize your house. Cook more as a family. Go to the park and the museum. We're not wearing tatters, and we're not driving beaters. But we have way more money than we 'should' have. It's liberating. Breathe the free air. It's a lot easier without a load on your back.</p><p></p><p>I could go on a while. But I'll call that done. <img src="/community/styles/default/xenforo/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="wilberforce15, post: 1104256, member: 5053"] [COLOR=#000000][/COLOR] We give 10% of gross to charity. And I confess I really don't understand how anyone can be FT at UPS for decades and not have enough for a comfortable retirement, regardless of the pension. If you live in a super-high cost of living area, maybe. But the rest I just don't understand. I'm coming up on 30. I'm part-time at UPS and own a small solo business, and my wife works 25ish hours a week. Together, we've averaged a salary in the 60-70k range over the last 5 years. It was 40-50 for 3 years before that. We graduated college with 30k in debt between us, and no assets to speak of. Today, with two small children (and hopefully more coming), we're completely debt free with two nice cars that will last a long time, and about 100k totaled between retirement and the start of a house down payment. That's in 8 years. In the next ten years, those financial assets are gonna look a lot more like 300k when we're turning 40, with a house mostly paid off by then. That's if income stays roughly the same. Income doesn't always stay the same, and crap happens in life. But jeez, I'm pretty sure we're in better shape than many, maybe most, FT UPSers who have had higher incomes than us for decades. Where does all the money go? Live below your means. Live WELL below your means. That means live far below it, and also to actually live WELL while living below your means. We eat good food made at home, have a lot of fun for free, and have tremendous wealth in our friends and family. Get out of your debt traps. Downsize your house. Cook more as a family. Go to the park and the museum. We're not wearing tatters, and we're not driving beaters. But we have way more money than we 'should' have. It's liberating. Breathe the free air. It's a lot easier without a load on your back. I could go on a while. But I'll call that done. :) [/QUOTE]
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When did you start 401k and what's your balance
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