RJ FO budgeting

Cherokee_Cruiser said:
I have 3 kids during and a school year, my life is routine for 5/7 days, repetition. School, after school activities, homework, play, dinnner, tuck into bed. That is literally every week.

No, I don’t get to go in the forest on a mountain bike. But I’m okay with that. I still do my own hobbies. Eg, gun range.
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You’re doing it again. There’s far more to life than riding bikes that isn’t possible to do on short call. It’s understandable you’re both unaware of that and mentally incapable of understanding what I’m getting at. Keep posting though and digging that hole even deeper.
 
BEEF SUPREME said:
You’re doing it again. There’s far more to life than riding bikes that isn’t possible to do on short call. It’s understandable you’re both unaware of that and mentally incapable of understanding what I’m getting at. Keep posting though and digging that hole even deeper.
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Thanks for the life reminder. It’s your choice how far you live from the airport.

You don’t have kids, you’d know what the schedule is if you had school aged children.
 
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BEEF SUPREME said:
By this time of the year most of these guys have maxed out their 401k personal contributions. So they will add that in. If like me they have exceeded the limitations for total 401k contributions 70K this year I believe. They continue to get the 16.5% which should be invested in retirement, not considered income to be spent on bills. When I communicated with my union about my hesitations to put this 401K "spill" into a modified pension with only an 8% return, which is less than the rate of currency debasement I was told by a rep: "most of these guys just spend it on a jetski or something."
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Beefy puts down his colleagues as putting money to jet skis, yet doesn’t even know his company’s retirement DC % number. It ain’t 16.5%.



And you are delusional if you think the MBCP is going to get you an 8% return. Have you even talked to anyone on the R&I committee?


I take the cash spill and throw it directly into my mortgage principal. My goal is to have my 30 yr mortgage paid off in 3.5 yrs if I can. That is a 6.625% mortgage I save on today, and free up cash at a younger age to invest as I see fit.

Go look up what the proposed MBCP return on investment is percentage wise, and then get back to this thread.
 
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Truth is, he will complain all day long but if it was legal and the company could force him to be on short call reserve for 12 hrs a day, 30 days in a row, Beefy would do it with a smile on his face, knowing his alternative to downgrade himself to FO is not something his persona and ego could tolerate.
 
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