Reply to Can someone explain the wealthy military officer phenomenon?

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[quote=Anonymous][quote=Anonymous]My spouse and I probably fit into this category.

He retired after 27 years active duty and is now about to retire from federal job of 5 years.

Our net worth is close to $8 million. Own our family home in suburban NOVA, beach condo, and he has a 36 foot sailboat.   Everything is paid off.  We have no debt at all.  $6 million in taxable and retirement accounts.

I have managed all of our finances since we married, because he has been involved in some capacity in most major conflicts of past 25 years.

We were fortunate to start w a nice inheritance from his mother (appx $700k). Through wise investing and living well below our means, we are very comfortable now. I have spreadsheets tracking every single penny earned, spent, invested, etc for the past 15 years. Since I could no longer work professionally due to frequent moves (and my personal choice to be SAHM), I made it my role to learn as much as I could about personal finances.

I know that we have peers who are curious about our circumstances.  Neither of us talk about money to others.  We realize we were fortunate, but we’ve also worked hard to be good stewards and managers of assets. My spouse has been able to focus solely on his career while I took care of everything else (especially when he was deployed multiple times).

I do not consider us “old money” by any stretch of the imagination. [/quote]

You sound thoroughly obnoxious. Inherited $700k? Tracked every penny? Your poor spouse. I hope he has a private account socked away in case he wants a Diet Coke at the Mini Mart.[/quote]

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