The Military Money Manual Podcast

Spencer Reese from Military Money Manual and his co-host Jamie chat with their friend Paul, an Air Force officer and real estate investor. Paul has built up a small real estate empire in his 12+ years in the Air Force. He focused on long term rentals when he PCSs and short term rentals near military training bases, also known as military crash pads. Paul shares some of his tactics, techniques, hacks, and tips for succesful real estate investing. If you have a question you would like us to answer on the podcast or just need some extra guidance and help with your military money, 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 at 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.

Colleen Salchow of Salchow Coaching joins Spencer and Jamie to talk about how important it is to include military spouses in any family financial decisions. You can find Colleen on Instagram, email, and the web at: www.salchowcoaching.com colleen@salchowcoaching.com https://www.instagram.com/salchowcoaching/ Colleen works remotely over a year long program to help miltiary families maxizine their military paycheck and benefits. One of her clients was able to save $4700 in the first month of working with her. If you have a question you would like us to answer on the podcast or a military money success story to share, 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 for active duty, military spouses, Guard, and Reservists. All US military branches can get annual fee waived credit cards like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve®. Learn how in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

Listener Will writes "Will Amex and Chase stop waiving my annual fees on my credit cards when I get out of the militay?" Spencer has a great article on annual fees on credit cards after you leave the military. The short answer is no, you will not be immediately charged annual fees on your credit cards when you separate or retire from the military. The longer answer is American Express takes a while to start charging you annual fees again. Chase usually sends a letter to you 3 months after you leave the military. The Chase letter states that the MLA database shows you no longer on active duty and Chase will start charging you annual fees in 24 months. So don't panic, relax, you have time to decide which cards you want to keep and which cards you want to close. Even if you need to close a few cards, you shouldn't have much impact on your credit score if you keep your oldest account open and continue to pay your bills on time. If you have a question you would like us to answer on the podcast or just need some extra guidance and help with your military money, please reach out on instagram.com/militarymoneymanual or email mmm@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 at 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® in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

Jamie and Spencer recap Jamie's personal finance discussion with a group of 14 Air Force officers and Government Service civilians. Everyone agreed personal finance needs to be more discussed. Some themes mentioned were budgeting, TSP vs IRA, and investing. Jamie and Spencer point listeners where to find good financial resources for military service members. They explore how financial readiness should be an additional pillar to consider for Comprehensive Airman Fitness, and how financial independence is achievable for all military service members. Lastly, reminding everyone that people are hurting, and they need your support, not just with money, but that is a very common issue for military service members and their families. If you have a question you would like us to answer on the podcast or just need some extra guidance and help with your military money, please reach out on instagram.com/militarymoneymanual or email mmm@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 at 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® in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

In this Q&A episode, Jamie and Spencer answer listener Dustin's question from a Facebook message: "When you talk about savings rates, are you talking base pay only or do you include BAH and BAS in that percentage?" It's a nuanced question, but in general you should include all of your income when calculating your savings rate. But, the fact that you're even thinking about a complex topic like a savings rate means you are already way ahead in the financial game. If you have a question you would like us to answer on the podcast or just need some extra guidance and help with your military money, please reach out on instagram.com/militarymoneymanual or email mmm@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 at 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® in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

Justin, an Air Force captain, reached out to ask: "How do you organize your savings accounts?" Some ideas co-hosts Jamie and Spencer discuss are using separate accounts, bucket accounts, a spreadsheet, or an app like You Need a Budget (YNAB). Automate as much as you can and make your financial life as simple or complex as you need to. Simple is usually the best option. Q&A or "Question and Answer" episodes are shorter and designed to answer a single listener question. If you have a question you would like us to answer on the podcast or just need some extra guidance and help with your military money, please reach out on instagram.com/militarymoneymanual or email mmm@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 at 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® in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

In this episode Jamie and Spencer discuss Military Lending Act (MLA) benefits for military spouses. Military spouses enjoy the exact same benefits active duty military servicemembers do on American Express, Chase, Citi, and US Bank credit cards: the annual fees are waived on all the premium cards. Spencer and Jamie break down the best credit cards for military spouses including: The Platinum Card from American Express Chase Sapphire Reserve Card American Express Gold Card Best Hotel credit cards Best Airline credit cards Spencer offers a 100% free course on military travel hacking and getting military annual fee waived credit cards for active duty, guard, reserve, and military spouses. The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card are all fee waived. Learn how to get yours in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. 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 at or at shop.militarymoneymanual.com. 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.

Rob Shaye is a Coast Guard reservist, Certified Financial Planner (CFP), and military travel hacker. He's passionate about financial education and helping military servicemembers make the best decisions with their money. Learn more about Robert Shaye's company Fireside Finances on his website. In this wide ranging episode, co-hosts Jamie and Spencer talk with Rob about a variety of topics including: The mistakes Rob made investing his lawn mowing money at 15 How Rob got into travel hacking Converting a Chase Marriott card to a Ritz Carlton card Rob's favorite card at the moment, the Paceline Card Getting military fee waivers as a Reservists and military spouse Maximizing the Amex Platinum $200 airline fee credit Bank account bonuses Where Rob goes for credit card news Recommended fiction and non-fiction books 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 at 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 and Chase Sapphire Reserve® in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

Jamie and Spencer attack how to budget your military paycheck. Ideas discussed on this episode include: Classic pen and paper budget Google Sheets and Excel spreadsheets Apps like Mint.com, You Need A Budget (YNAB), EveryDollar The Reverse Budget, or Anti-Budget (set a high savings rate and spend the rest) If you want to maximize your military paycheck, check out my 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon at 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 Amex Platinum and Chase Sapphire Reserve in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

Living paycheck to paycheck can be extremely stressful. It can negatively affect your mental, physical, spiritual, and financial health. Learn how to stop living paycheck to paycheck and to get out of the cycle of never having extra cash in your checking account. If you want to maximize your military paycheck, check out the 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon at 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 Amex Platinum and Chase Sapphire Reserve in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.