Jul 11, 2016
#33: After serving in the Navy for 20 years, Doug Nordman,
then-age 41, retired from his military career. Most of his peers
started second careers in the civilian world.
But Doug didn't. He had an ace up his sleeve: he had spent his
military career saving 40 percent of his income. By the time he
turned 41, he held an investment portfolio worth $1 million. Those
investments, coupled with a Naval pension for $30,000 per year,
propelled him into financial independence.
He's remained retired since leaving the Navy. He's now 55. He
surfs three times a week. He travels to Europe on a whim. His
retirement portfolio survived two recessions and is now worth $1.7
million.
In this interview, Doug shares the story of how he became a
millionaire on a military salary. He also talks about the
fulfillment he's found through financial independence.
Enjoy!