31-year-old joined the Air Force at 18—now he lives in Italy and has $500,000 saved up to retire in 7 years
This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money.
In 2011, like many 18-year-olds, Darren Thedieck wasn’t sure what he wanted. He thought briefly about studying to become a dentist, “but I was nowhere close to that,” he says. Plus, he was worried about the prospect of racking up student debt.
Knowing he wanted to travel the world and seeking financial stability, he enlisted in the U.S. Air Force, hoping to maybe get into the medical field that way.
Instead, he was encouraged to work in IT — a potentially lucrative field in the private sector — at an E-1 Basic Airman’s base pay of about $1,400 a month.
Thedieck, now 31, is still in the military, and has gotten an awful lot of what he’s wanted ever since.
Travel the world? Check. After basic training and a stint in Las Vegas, Thedieck took assignments in England, South Korea, Germany and his current posting in Aviano, Italy — about an hour’s drive from Venice.
He’s gotten financial stability too. Thedieck has steadily risen in rank and pay over his 12-plus years in the military while dutifully stashing away cash in a variety of investment accounts. Between his base pay and allowances, he pulled in $9,134 in March, which works out to an annual income of about $110,000.
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