01-11-2018, 08:30 PM
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Banned
Join Date: Sep 2014
Posts: 946
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Excerpt from the book:
Quote:
My brother joined the navy during college, graduated with a chemical engineering degree, went to nuclear school, war college, learned Portuguese, etc. in the Navy. He was on submarines for 12 years and is now on his 17th year. He has moved his family all over the world and is in charge of some serious stuff. He would be making a couple hundred thousand with his dedication and education in the business world but he is only bringing in $150k in the Navy.
The pension he gets is a nice way of almost making up for all of that. If he was saving an additional $100k per year (he would actually save more than this because moving all the time has made it almost impossible for his wife to have real steady work and she was making $100k at one point) for even 10 years the growth would allow him to replicate the pension.
If you want to attract the right kind of people and keep them hooked for 20+ years you have to compete somehow. Not many people would say dedicating an entire families life with that type of education and work ethic is a free ride for $150k/year + pension.
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