The Military Money Manual Podcast #12 Cadets and Midshipman: Build Your Financial Foundation in the Military
Available now at militarymoneymanual.com/book
Cadets and midshipmen at West Point, Naval Academy, and the Air Force Academy or in Army, Navy, and Air Force ROTC have a unique opportunity to rapidly accelerate their journey to financial independence.
When you're young your most valuable resource is time. Time to educated yourself, time to learn good money habits, and time to start investing so compounding interest has a long time to go to work for you.
In this episode Jamie and Spencer recommend several books to start your education and discuss which credit cards to get when you're in college. We also cover investing strategies, opening a Roth IRA, and buying a home at your first duty station.
Cadets can also check out our episode on the USAA Career Starter Loan and Navy Federal Career Kickoff Loan.