Would someone who works at UPS over 10+ yeats and hates it..

[Matty_lawn]

I only applied because I heard I would get paid to handle people's packages.

Oh he's the wacky guy!

 

[UPSER110]

I had a couple guys who planned 10 years(Driving) with UPS, and socked away 50%+ or more of each paycheck for 10 years, and ended up moving on and doing something more meaningful to them.

I have considered that myself. I recently bought a house with a 15 yr mortgage. I'll be 45 with the house payed off if I stay here. I'll hit top rate in February and I plan to save and possibly max out my 401K.

 

[Brownslave688]

Job is good, 5 weeks vacation, thete are some crappy days and dumb moves. But its a great company, where most of us get Respected wearing our uniform and taking care of our customers

Did you start last week?

 

[Orion inc.]

Thankfully we don't take advice from strangers on the Internet.

If he's following your model of "financial " advice, he will have a cool 175k in retirement and small paid off condo and an overpriced and paid for Altima.

Or he could actually do well in retirement.

 

[1989]

There is more to life than money.

Money = opportunity

 

[olroadbeech]

I had a couple guys who planned 10 years(Driving) with UPS, and socked away 50%+ or more of each paycheck for 10 years, and ended up moving on and doing something more meaningful to them.

More and more truck drivers are doing that also. husband and wife teams live in the truck and sock away the majority of money for 5 years and then have enough to buy land and home outright .

 

[Orion inc.]

More and more truck drivers are doing that also. husband and wife teams live in the truck and sock away the majority of money for 5 years and then have enough to buy land and home outright .

So you really are an "independent " contractor??

 

[Catatonic]

If he's following your model of "financial " advice, he will have a cool 175k in retirement and small paid off condo and an overpriced and paid for Altima.

Or he could actually do well in retirement.

Deja vu, all over again ...

 

[Orion inc.]

Deja vu, all over again ...

Don't you hate when that happens?

 

[Catatonic]

Don't you hate when that happens?

That's not the way I felt ... The First Time.

 

[Orion inc.]

That's not the way I felt ... The First Time.

I see what you did there.

Good one

 

[jaker]

Thankfully we don't take advice from strangers on the Internet.

But you give advice like you know them

 

[Orion inc.]

But you give advice like you know it all

Fixed it for you

 

[UpstateNYUPSer(Ret)]

But you give advice like you know them

I give advice based on my life experiences. This advice is general in nature. Orion was "suggesting" that my son increase his 401k and to make changes to his budget to deal with the student loan debt without knowing his current financial picture.

He is only 29 and while it would be nice to be able to set aside 20% that is unrealistic.

 

[Coldworld]

10% with a company match of 5%.

He has a ton of student loan debt that he needs to take care of first.

Why isn't daddy going to help out????

 

[UpstateNYUPSer(Ret)]

Why isn't daddy going to help out????

Daddy is hoping to be able to help out by splitting the proceeds from the sale of my condo when I retire between my two children.

 

[Orion inc.]

I give advice based on my life experiences. This advice is general in nature. Orion was "suggesting" that my son increase his 401k and to make changes to his budget to deal with the student loan debt without knowing his current financial picture.

He is only 29 and while it would be nice to be able to set aside 20% that is unrealistic.

It's not unrealistic at all to do that at 29. It would be foolish not to. Saving more when you're younger compounds it faster. It also makes you not "miss" the money because you get used to that level.

What would be foolish is waiting to bring that percentage up. This way you build more over time and learn to live in less without waste.

If he's budgeting like you say you do at very well below your means, then 5% isn't that noticeable but will make an impact in his overall savings.

 

[UpstateNYUPSer(Ret)]

Yawn.

 

[StoptheAct1212]

Did you start last week?

2 weeks ago.

 

[Brownslave688]

It's not unrealistic at all to do that at 29. It would be foolish not to. Saving more when you're younger compounds it faster. It also makes you not "miss" the money because you get used to that level.

What would be foolish is waiting to bring that percentage up. This way you build more over time and learn to live in less without waste.

If he's budgeting like you say you do at very well below your means, then 5% isn't that noticeable but will make an impact in his overall savings.

Every single new ndriver we have i tell them set your 401k at 20% and forget about it. I think 1 actually listened and before 30 had over 100k in his 401k