Posted on Aug 13, 2015
If you came into a large sum of money, would you get out of the military?
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Let's say you came into a large sum of money whether it was through lottery, inheritance, or whatever. In the amount of $500k-$1 Million or more. Would you leave the military why or why not? Are you serving to serve or to profit from the benefits/retirement? I know most people will say they joined for all the right reasons, but are they the same reasons that you would stay in? I have heard this asked frequently around the Army. I am just looking for personal opinions.
Posted >1 y ago
Responses: 22
SFC (Join to see)
Well aware, however I am asking merely for others opinions. And I am not talking about wealthy people joining, but rather the demographic of the average Soldier that came into mo ey.
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SSgt Alex Robinson
Again, money isn't everything . Coming into a large sum of money can be disruptive and detrimental to a person. Money can change people and usually does
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My wife and I have talked about this actually and the answer is no.
The reasons I joined the military didn't have anything to do with money, so having more of it shouldn't affect my desire to serve.
I do understand it isn't that straight forward. You are now sacrificing the ability and time to use your money, not just the difference in money between civilian and military sector. What I will say is that at some point the amount of money you have becomes a near full time job to manage properly (we're talking powerball winning numbers here). I don't disparage anyone for deciding to get out, but I wouldn't do it personally.
The reasons I joined the military didn't have anything to do with money, so having more of it shouldn't affect my desire to serve.
I do understand it isn't that straight forward. You are now sacrificing the ability and time to use your money, not just the difference in money between civilian and military sector. What I will say is that at some point the amount of money you have becomes a near full time job to manage properly (we're talking powerball winning numbers here). I don't disparage anyone for deciding to get out, but I wouldn't do it personally.
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Not quite the same and it was a long time ago so I know things are different now, but I took the buy out in 1992 and left after almost 11 years. Now, at the stage in life I am I realize it was a huge mistake and there is nothing I can do to correct the mistake. Based in my experience, I'd go back in today if I could, no amount of money is worth walking away from the only place I have ever felt like I belonged. The civilian world sucks.
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SSgt Robert Clark
SSGT Nelson, taking the buy out and leaving early was the worst mistake I have ever made. What really makes me sick is after I got out I had a career to build, young kids to raise and a family to feed. For some unknown reason it never occurred to me to go guard or reserve. Next thing I knew, 22 years had passed and when it finally did sink in just how stupid I was it was to late. I was to old to make 20 years service by 60 years old and couldn't go back in....I tried.
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If I were to come into a large sum of money, and somehow keep it quiet from the military, I would continue my service if at all possible. I have devoted much of my life to serving my country and would love to stay until retirement. Yes, I would look forward to the benefits that come with retirement and I feel I will have earned them. I didn't join because I had to, I did it because I wanted to, I wanted to change something in my life. And I have accomplished that. So if I were to play the lottery and win, or some other form of a large sum of money, I would do my best to stay in until I reached retirement. Even though I would have a lot of money, finishing something I started so long ago would mean more than having big money in the bank. But the chances of that happening are very slim, since I don't play the lottery or have anyone in my family who has millions of dollars to give to anyone.
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Yes, I would to build my dream home in the woods on a self-sustaining property. I'd rather work the land and be my own boss then work a normal job in society where people are outright disrespectful. Peace, quiet, relaxation = the dream.
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SGT Kristin Wiley
I'm still thinking about that as part of my goal. I'll probably invest in a decent sized armory and use the natural landscape to fortify an unsuspecting means of defense.
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SFC (Join to see)
have you watched the tv shows about the guys that have underground bunkers in case of an apocalyptic war? I would have one of those as my armory..
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SGT Kristin Wiley
I haven't, but I was thinking of utilizing a natural cave system. If I can find one. A bunker seems like more work.
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Nope. Wouldn't even change my lifestyle. That is less money then most think. I would zero out my debt. Buy a house outright. Put 100K in the bank for each of my kids for college. Buy a new harey for me and a new jeep for my wife. bank the rest Stay in the AF till I retire out. When I retire out, get a job just like I had planned.
If you look it up, so many of those big money lotto winners 10 years down the road are flat broke because they lived beyond their means.
If you look it up, so many of those big money lotto winners 10 years down the road are flat broke because they lived beyond their means.
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SFC (Join to see)
I don't think I ever have to worry about that. but if by some small chance I won the lottery, I would set myself up for retirement with a house in the middle of nowhere and take care of my family and give to my church. Im sure I would spend some on stupid meaningless things, but not before I made sure my debt was cleared
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I would still serve until I was told to retire. I've got considerable time in, and I would feel I cheated myself if I didn't follow through.
Like SGT Kristin Wiley , I too would like to have a place for peace and quiet. Maybe one of those defunct missle silos that is converted to house a small population complete with self sustaining garden and a gun range!
Like SGT Kristin Wiley , I too would like to have a place for peace and quiet. Maybe one of those defunct missle silos that is converted to house a small population complete with self sustaining garden and a gun range!
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I did know a few people who came into money: one through inheritance and one through lottery winnings. They both elected to get out.
I also knew a person who owned a couple of ice cream shops that were profitable but stayed in and was a "silent" owner of the shops and had his family members running the day to day operations of them.
I also knew a person who owned a couple of ice cream shops that were profitable but stayed in and was a "silent" owner of the shops and had his family members running the day to day operations of them.
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Honestly, it's easy to say I would, but there's no way to know for sure unless it happened. So here's my plan; give me the money and I'll get back with you.
Seriously though, I'm pretty sure I'd stay in yes, and use the money to help service members and veterans when they need it. Money isn't everything, and I would have no respect for myself or anyone who just took the money and ran.
Seriously though, I'm pretty sure I'd stay in yes, and use the money to help service members and veterans when they need it. Money isn't everything, and I would have no respect for myself or anyone who just took the money and ran.
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