January 30, 2009

  • Pay off your contract?

    A Marine in my unit told me how he was thinking of coming up with a way to buy out his military contract. A Contract is eight (8) years long, and depending on if you’re active duty or reserves, you have to serve “X” amount of years before you can leave, or continue to serve. This is a problem for those who wish nothing more but to get out of the military, as they are all stuck on their mandatory service time and just wanna get the hell out– I know, we’ve all been there.  Too bad the keyword is “contract”, because if you weren’t bound to something like that, I’ll give most people some time before they go “yeah, fuck you dude, I’m going home” and just run away.  But what if there really was a way to get out earlier than your End of Active Service date?

    So this Marine asked me if it were true, whether or not you can buy your way out of your contract by monetary means…. and whether he could possibly pull it off. Well…….Yes, it is stated in your contract that buying out your contract simply involves a hefty amount of cash.  I’m not kidding you, my friends.

    It is approximately anywhere from $1 million+ to pay your way out of your contract (give or take a few hundred thousand dollars), and it depends on the amount of service time and training you have received. Obviously the longer or more intensive your training was, and how long you have served, the higher the costs to train and maintain/pay you as an individual, and the more you have to give back. Well if you figure the math somehow, all your paychecks, tax deductions, and money spent into developing you into a lean, mean, alcoholic machine– totaled up, you’re just giving the money they spent on you back to good old Uncle Sam.

    Worst-case scenario, you can take out several high-dollar loans from numerous banks and pay off your military contract, assuming you have more-than-stellar credit. However if you choose to do so, you will know the meaning of debt more than anyone else.  But then again, what young Marine DOESN’T buy $30k cars on a $15k/yr paycheck?

    -OR-

    You can stop being a fucking pussy and just ride out your contract like everyone else.

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