Don't Buy a House on Active Duty | Reduce Stress, Hassle, and Build Liquid Wealth While Renting #134

It's okay to rent on active duty! You don't need to buy a house to build wealth. You can safely ignore the push from VA loan sellers, real estate agents, and mortgage brokers.

In this episode of the MMM podcast, Spencer and Jamie challenge the common belief that buying a house is essential for building wealth, especially for active duty military personnel. We explore why renting might be a smarter financial decision for those who move frequently, and debunk popular myths about homeownership.

We discuss the hidden costs and risks of real estate investment, including unexpected repairs, market fluctuations, and the impact on lifestyle flexibility. The episode also touches on the misconceptions surrounding real estate as a passive income source and the true nature of home equity.

Whether you're an active duty service member considering buying a home or simply curious about alternative wealth-building strategies, this episode offers valuable insights to help you make informed financial decisions. Join us as we examine why renting might be the better option for many and how you can build wealth without relying on real estate.

For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call.

Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com.

If you want to maximize your military paycheck, check out Spencer's 5-star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.