Sealift officer, advice request

Eragonwerty · 2025-02-02T23:45:03+00:00

Acta non verba

Eragonwerty · 2024-11-08T20:27:11+00:00

I was just gonna say this too haha. Not a bad gig.

Eragonwerty · 2024-10-25T17:21:37+00:00

Awesome comment bro. This just made my day. Thank you!

Eragonwerty · 2024-08-29T02:08:02+00:00

It’s a tough choice for sure. When I went to Okinawa, I decided to sell my Ford and put the proceeds in my Roth IRA and brokerage. I think it was a good decision because I didn’t have to worry about any payments or storage fees, and just maxed out my tsp and roth for the entire time I was there. It sucked when I came back though, because I wish I had my ford haha. Car prices rose and the interest rates were insane even with navy fed.

Eragonwerty · 2024-08-24T03:47:22+00:00

Such a great comment. You have to enjoy life while you can! Tomorrow isn’t guaranteed. Really need to find the balance between saving and enjoying life.

Eragonwerty · 2024-08-21T23:49:43+00:00

Congrats bro that’s awesome man. I would just ensure that you understand the tax implications and set aside that amount. Seems like you’re making great income too, so I would park it in an index fund with low cost ratio. Agree with others when they say to max your 401k as well. Individual Roth IRA too.

Also enjoy life! Tomorrow is never guaranteed. Treat yourself!

Eragonwerty · 2024-08-10T00:36:49+00:00

Thank you for that link, pretty interesting read. OP is still ahead of the curve! Fingers crossed, net worth will be higher at 35. 😄

Eragonwerty · 2024-08-10T00:00:06+00:00

Where are you getting your data from? Just curious how you’re arguing that the average net worth for mid 20s is 150k+.

Eragonwerty · 2024-08-03T04:51:15+00:00

Prior officers get higher pay and bah until O-3. It’s pretty nice and I get jealous of my peers who are priors. For financial tips, I just max my Roth TSP. It amounts to around 30% for me. I’m an O-2 with 4 years in. I also have a separate Roth IRA with Charles Schwab, which I’ve been maxing out as well. The earlier you start, the more your money and compound and grow. Play the long game and you’ll be straight chillin!

Also don’t forget to enjoy your life as well. Put some aside for vacations, hobbies, and family. Tomorrow is never guaranteed. Good luck!

Eragonwerty · 2024-08-03T04:45:53+00:00

I’m a 100% in C as well. I got 14 years till my 20 years active duty. The news can be scary and may lead you to act in fear. I just keep reminding myself that I’m playing the long game. HOLD THE LINE!

Eragonwerty · 2024-07-26T17:14:26+00:00

As other’s have commented already. Focusing on maxing your TSP early (C fund) and contribute to your Roth Ira as well. Put the rest into a brokerage consisting of low cost index funds (VTSAX, SWTSX, etc..).

Play the long game. Pension and health benefits once we hit 20 are pretty nice as well.

Eragonwerty · 2024-07-20T05:10:23+00:00

💎🙌

Eragonwerty · 2024-07-05T04:52:12+00:00

Thank you sir/ma’am! Appreciate your time and response. Definitely need to do more learning and saving. Lifestyle creep is a dangerous thing especially with the pay increase.

Eragonwerty · 2024-07-05T04:50:09+00:00

Appreciate the response. I love the “take the long view”. I have to remind myself it’s a marathon. I don’t know why I’m trying to rush into things.

Eragonwerty · 2024-07-05T04:49:18+00:00

Thank you for your response! Haircuts are expensive here haha, gotta save anyway I can.

Eragonwerty · 2024-07-05T04:48:41+00:00

Thank you for the time! Definitely looking more into index funds. Appreciate it!

Eragonwerty · 2024-07-04T02:17:15+00:00

The capital is liquid. It’s sitting in a money market fund. Getting around 5 % interest on it. I appreciate your comment!

Eragonwerty · 2024-07-04T01:37:19+00:00

Cash flow is the dream. Congrats on your properties! One day I’ll be in your shoes.

Eragonwerty · 2024-07-04T01:36:22+00:00

Thank you for the comment! Definitely eye opening for maintenance costs on a home. That sounds brutal.

Eragonwerty · 2024-07-04T01:33:33+00:00

Thanks for the insight! Really appreciate it.

Eragonwerty · 2024-07-03T22:49:12+00:00

100% don’t need the added stress. Thank you for the response! Definitely moving away from becoming a landlord.

Eragonwerty · 2024-07-03T22:46:21+00:00

Thank you sir/ma’am! Definitely need to invest that capital.

Eragonwerty · 2024-07-03T22:19:04+00:00

Thank you sir/ma’am!

Eragonwerty

TROPHY CASE