In one of the threads below someone gave advice to separate work from life. And that's OK, there are a lot of people here who have absolutely lost their work-life balance and their whole personality has been reduced to their job and growing a career.
I never understood such people until I became such a person myself. I’m generally interested in how much you think the job at HON has changed you? I have a feeling that only after I leave here will I be able to return to my true self.
8 replies (most recent on top)
I also find the suggested 2500 as being very low. Maybe because HON has RIF so many of the 55+ employees during the last 5 years. We ( my wife and I ) retired in 2014 . At the time I had about 10K shares and the wife about half that. Stock was in the $90 range as i recall. So even back then I was at about $900K and her about half that. We rolled about 90% 0f our HON stock into a professionally manage high dividends paying stock portfolio (4+%) and have also done quite well in the last 7 years.I had 39 years of participation in the stock plan and my wife 29. He-l I remember in the mid 1970s buying Allied Signal stock at $13 to $14 dollars a share range. On a side note this is not unique. We had a next door neighbor who worked at UPS as a delivery driver retire in the late 1990s with over a $ 2 mil 401K due to their stock program.
Environment has a huge impact on our behaviors and mental health. Although I stayed here for short time and worked with other companies and hence was able to quickly realize that something is terribly wrong with their culture. Never blamed colleagues even their bad/ rude behavior as I know that they were saving their jobs when they were backstabbing their own colleagues. Within few months of leaving, I felt a huge difference in my mental health and motivation.
You didn't become something. You always were that something. The job didn't change something about you. It just revealed something about you. More than likely that something was not something to be proud of. People who blame others for changing them are weak, lack self-awareness. Responsible people accept responsibility for who they are.
No one makes any money until you sell. Paper profits until then. People talking about how much money they have in 401Ks happens at market tops, not at market bottoms.
Kind of hi------g the post but, the company I worked for was acquired by Honeywell. Against advice from every expert that I asked, I rolled my $250k 401k into the honeywell stock fund in the honeywell 401k around 2010. Hon stock was in the mid $40 range. It's now around $230 and worth about $1.25m now. D-mb Luck. I think the 2500 number is extremely low.
https://www.forbes.com/sites/laurarittenhouse/2019/02/20/the-ceo-who-succeeded-in-making-employees-millionaires/?sh=3e1cad081693
@1stk: Here's a link to a Forbes article about it. I'm not the person that posted about it but I'm also one of the 2,500 that has a 401k with over $1M in my Fidelity account. I started in the 401K about 1986 and always invested enough to get the full company match. Compounding gains for long term investing are a wonderful thing.
Nice! OP Where did the 2500 401K millionaires fact come from?
The constant pressure of metrics and continuous message that people are interchangeable and that work should always flow to the least capable (and therefore currently least expensive) group has made me petty, fearful, overweight, and constantly angry. By any therapeutic scale I am probably a borderline sociopath.
I am also highly rewarded at honeywell with glowing reviews and a new car each year in bonus. I am one of the 2500 401k millionaires at honeywell.
Retirement is soon.
I hate honeywell and what I had to become to survive these 30 odd years.
Good riddance. People matter more that milestones.