Thought I would give folks a short life history, in order to give some context for my story and struggles.
I worked my butt off in High School, and managed to get accepted to West Point (the US Military Academy). By joining the military, I got my college paid for, and got a fairly good engineering degree out of it. At the end, I went straight into the combat arms (Tanks) and was deployed to Germany during the last few years of the Cold War. I actually got a tour 3 weeks after arriving on my battle position and where I probably was going to die when the Russian’s invaded. Gotta love those crusty platoon sergeants!
I also got married to my lovely wife, Mrs. 39 months, right out of school (and we’ve been together for 31+ years).
After five years in, and a stint in Desert Storm where my tank unit fought the Republican Guard, I got out in 1991, right as the economy was going into recession. Took me about 6 months to finally find a position in warehousing in New Jersey (within 3 hours of my wife’s family) and that is where we ended up settling for the last 26+ years.
I’ve worked in warehousing since then, either in management (Supervisor, Manager, etc.) or as an engineer, designing storage and processes, etc. It’s a great industry to be in, and it’s big throughout the US and the world. I’d recommend it to anyone who wants to get started in an industry with potential growth. Let me know if you want further details.
For finances, I signed up for the 401K retirement plan at the first job I had out of the military (since I was only in 5 years, I didn’t get a military pension), but I only put in for the matching amount. After about 9 years, I hadn’t accumulated that much – and then the 2000 crash hit.
Suddenly I was 36 years old, and realized how little I had set aside for retirement. At my wife’s new job (she’d had it for 3 years) the company had been putting 10% of her salary away, and she had almost as much as I had accumulated over 9 years (with the crash taken into account). Needed to get started!
I bounced my 401K percentage up to 10% of my salary in 2001, and by 2003 I was maxing it out. I got a promotion the following year, and dumped all that money into both of our Roth IRAs. So by age 40, I finally was on track with maxing out our tax advantaged accounts. It sucks that I had lost all those years of accumulation, though!
I also started doing a lot of reading (Dave Ramsey, Millionaire Next Door, etc.) which helped to further motivate me.
Over the last 10+ years, we’ve managed to continue to fully fund my 401K and our Roth IRAs, pay down all our debt, and finally pay off the house in 2015 (Yeah!). So we’re debt free and heading for the finishing line in 39 months.
Now we have to start working on what our life will be like when we achieve financial freedom?
Mr. 39 Months