The Military Money Manual Podcast

To learn how to select TSP funds for early financial independence, read The Military Money Manual: A Practical Guide to Financial Freedom. The book is available as a hardcover, ebook, and audiobook. With 20+ 5 star ratings, the book is available directly from me on my website or on Amazon Amazon Kindle Ebook Amazon Prime Hardcover Audible Audiobook Jamie and Spencer break down the 5 Thrift Savings Plan (TSP) Funds: C Fund - the S&P 500 fund S Fund - The rest of the US stock market I Fund - International stock market fund F Fund - US Bond market fund G Fund - US treasuries fund And explain the historical rates of returns of the funds.

Learn more about building a financial legacy for your family in my book The MIlitary Money Manual: A Practical Guide to Financial Freedom. In this episode Jamie talks about his recent experience as the executor of the estate of an extended family member that passed away. We cover building a "legacy box," why you should buy term life insurance over whole life insurance, and things to think about if you're ever the executor or administrator of an estate.

The American Express® Gold Card military benefits include an annual fee waiver for active duty servicemembers and military spouses. The American Express® Green Card military benefit is the same, with an annual fee waived for anyone in the MLA database, which includes military dependents and active duty troops. Both the active duty servicemember and the spouse can be primary users on the card and do not need to be authorized users on each other's accounts. Both cards can add tens of thousands of additional Amex Membership Reward points to your account. They also have complementary bonus categories to the Amex Platinum card, so you can earn more points in different categories like US supermarkets, travel, and restaurants. Learn more to maximize your military travel benefits in my Ultimate Military Credit Cards Course. 100% free, email based, and I'll send you all the content straight away. Unsubscribe at any time.

The Air Force announced the Fiscal Year 2022 Air Force Pilot Bonus on 11 April, 2022. You can see the bonus chart and all the details in my article on my website, Military Money Manual. If you're eligible for a bonus, this can be an amazing opporuntiy to accelerate your journey to financial independence. Learn more about achieving financial freedom in the military in my book, The Military Money Manual: A Practical Guide to Financial Freedom The book is available as a hardcover, ebook, and audiobook. With multiple of 5 star ratings, the book is available directly from me on my website or on Amazon Kindle Ebook Amazon Prime Hardcover Audible Audiobook

Learn more about the amazing military benefits in the Military Money Manual: A Practical Guide t Financial Freedom now available on Amazon, Kindle, Audible, and directly from the author on MilitaryMoneyManual.com in ebook, audiobook, and hardcover. Jamie and Spencer talk to their friend Luke about Space-A travel, also known as space available travel. Luke estimates he has saved over $40,000 in flights for his family over the years. This is a program opened to active duty servicemembers on leave, some dependents, and most military retirees. We also talk about Luke's journey to FI as a C-17 pilot and Air Force officer. If you enjoy the podcast please share it with a military friend. A 5 star review on Spotify or Apple podcasts also helps other military personnel interested in FI and personal finance find the podcast.

Learn more about achieving financial independence in the military in The Military Money Manual: A Practical Guide to Financial Freedom. Now available on Kindle, Audible, and soon on Amazon. Always available on MilitaryMoneyManual.com Jamie and Spencer break down how to build a plan, how to overcome winner's guilt, how to be generous with your windfall, and how to avoid windfall errors.

Doug Nordman from The Military Guide joins us today on the Military Money Manual Podcast. While he would never say it, Doug is a bit of a legend in the personal finance, FIRE, and military finance community. He retired 20 years ago in 2002 after a 20 year career in the Navy. I stoppd by Doug's house in Hawaii to have a conversation with him about all kinds of great military FI topics. Doug was an early beta-reader of The Military Money Manual: A Practical Guide to Financial Freedom available at shop.militarymoneymanual.com. This is the perfect book to get you started on your journey to financial independence.

If you want to learn how to set yourself up to purchase your first rental property, check out my book The Military Money Manual: A Practical Guide to Financial Freedom. Available now on Amazon, Kindle, Audible, and my website. On today's episode Spencer and Jamie welcome Rich Carey from Rich On Money Website YouTube TikTok Topics we address today: VA home loans for primary residences that you can turn into rental properties when you PCS The 1% rule for buying rental properties and then 50% rule. Your profit is not mortgage minus rent! You must include expenses as well. How to set yourself up financially to be in a position to get into real estate How Rich purchased dozens of homes remotely and 30 doors by the time he retired from the military The systems Rich built to automate his property management What Dave Ramsey and Rich Carey disagree on The downfalls of the VA loan in a seller's market (like February 2022) Why short term rentals like Airbnb aren't Rich's cup of tea If you can use a VA construction loan for a new home build Why Rich doesn't recommend LLC structures for most military landlords Why Rich doesn't recommend any books on real estate investment This was a great episode! Jamie and I (Spencer) both learned a lot and we hope you will too.

Learn more about military travel hacking and how to make thousands of dollars off of annual fee waived credit cards in my Ultimate Military Credit Cards Course. "Leave in conjuction with official travel" or LICWO is a great deal to get a free or reduced cost flight to take leave when you go TDY or TAD. Circuitous travel is a good way to make a PCS a little less stressful and to potentially take a little vacation while you move on government orders. Find out how to do both in this episode! Learn more in the LICWO and circuitous travel guide I published.

The Hilton Honors Military Program offers separating military servicemembers and their spouses up to 100,000 free Hilton points each to aid veterans and their spouses in searching for their next job or establishing their new life. These points can be used for a job hunt, interview, conference, or any other purpose to establish your foundation after the military. This is a separate and complementary program to the Amex Hilton Honors Aspire annual fee waiver program. If you've been travel hacking for a long time, chances are you have accumuluated many annual fee waived cards like the Chase Sapphire Preferred and Amex Platinum. If you're separating or retiring, what should you do with your credit cards when you leave the military? If you're just getting started on your military travel hacking journey, check out the Ultimate Military Credit Cards Course. It's 100% free and only takes a few minutes a day to read through the material. I will send you an email every day for 5 days. Unsubscribe at any time, I promise to never send you any spam. In this episode Spencer and Jamie talk about the Hilton Honors Military Program, how to use it, and how to earn the free 100k points. We also discuss if you should close, downgrade, or keep your credit cards after you get your DD-214 and separate or retire from active duty. The answers may surprise you!