The Military Money Manual Podcast
Spencer Reese from MilitaryMoneyManual.com
Military Money: Investing, spending, saving, financial freedom, and getting out of debt. Real world tactics and strategies for active duty, Guard and Reserve, military spouses, veterans, enlisted, and officers.
The Military Money Manual Podcast is all about achieving financial independence while you serve in the US military. Spencer and Jamie, Air Force officers, share everything you need to know to achieve your financial goals while you serve in our Armed Forces.
Learn about Military Credit Card annual fee waivers exclusively for active duty, Guard, Reserve, and military spouses in the Ultimate Military Credit Cards Course at https://militarymoneymanual.com/umc3
Find Spencer's 5-star rated book, The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or shop.militarymoneymanual.com
Special military credit card benefits, points and miles, investing in the TSP, financial independence, retiring early, military FIRE, maximizing military pay, deployment finances: Jamie and Spencer cover it all.
Your hosts are Spencer Reese and Jamie. Spencer served for 12 years in the US Air Force flying C-17 aircraft around the globe. Jamie is currently an active duty Air Force officer.
The Military Money Manual Podcast is all about achieving financial independence while you serve in the US military. Spencer and Jamie, Air Force officers, share everything you need to know to achieve your financial goals while you serve in our Armed Forces.
Learn about Military Credit Card annual fee waivers exclusively for active duty, Guard, Reserve, and military spouses in the Ultimate Military Credit Cards Course at https://militarymoneymanual.com/umc3
Find Spencer's 5-star rated book, The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or shop.militarymoneymanual.com
Special military credit card benefits, points and miles, investing in the TSP, financial independence, retiring early, military FIRE, maximizing military pay, deployment finances: Jamie and Spencer cover it all.
Your hosts are Spencer Reese and Jamie. Spencer served for 12 years in the US Air Force flying C-17 aircraft around the globe. Jamie is currently an active duty Air Force officer.
Episodes
Mentioned books
Jun 6, 2022 • 1h 6min
#42 Stock Market Crashes: What To Do in 20%+ Drops + A Guided Meditation from JL Collins
Don't have a good asset allocation or investment strategy for when the stock market crashes? Learn how to self-invest your military paycheck in my book The Military Money Manual: A Practical Guide to Financial Freedom. available directly from me on my website or on Amazon. The book has dozens of 5 star reviews on Amazon and Goodreads: Amazon Kindle Ebook Amazon Prime Hardcover Audible Audiobook Three main takeaways from today's episode: The stock market has normal cycles of ups and downs Don't panic- it's not a realized loss until you sell When the market is down, long-term investors, like most people in the military, especially younger ones, have the chance to buy index funds basically on sale Continue your education: how to maximize your military TSP 5% match My asset allocation Little Book of Commonsense Investing Warren Buffet on Stock Market Crashes My Personal Investing Principles: LADS How to Time the Stock Market (with PersonalFinanceClub) PersonalFinanceClub on Instagram
May 30, 2022 • 48min
#41 Buying a Car in the Military: New vs Used Tips, Hacks, and Advice
To learn how to maximize your military paycheck, check out my book The Military Money Manual: A Practical Guide to Financial Freedom. available directly from me on my website or on Amazon. Dozens of 5 star reviews on Amazon and Goodreads: Amazon Kindle Ebook Amazon Prime Hardcover Audible Audiobook Buying a car is usually the largest purchase of a young servicemember. Take some time to think through the decision. Even saving 10% can add up in a big way. I cover buying your first car in the military in the book. In this episode, Jamie and Spencer talk through their car buying process and what to consider when making a large purchase.
May 23, 2022 • 44min
#40 VA Loans: Everything Military Veterans Need to Know
Active duty, guard, reserves, and military veterans are all eligible for VA loans if certain conditions are met. I built the VA Loan Ultimate Guide to explain the confusing VA loan process. What is a VA loan? How to determine if you are eligible for a VA loan? How to get a VA loan Certificate of Eligibility? What credit score do you need for a VA loan? What is the VA loan process, from start to finish? Who are the best VA loan lenders? What is a VA cash-out refinance loan? In this episode Jamie and Spencer explain everything you need to know about VA loans and how to use them for maximum benefit. To learn how to maximize your military paycheck, check out my book The Military Money Manual: A Practical Guide to Financial Freedom. available directly from me on my website or on Amazon. Dozens of 5 star reviews on Amazon and Goodreads: Amazon Kindle Ebook Amazon Prime Hardcover Audible Audiobook
May 16, 2022 • 26min
#39 2022 Changes to the TSP: Mutual Fund Window, TSP App, + More
To learn more about my LADS investment strategy and how to apply it to the TSP, check out my book The Military Money Manual: A Practical Guide to Financial Freedom. available directly from me on my website or on Amazon. Dozens of 5 star reviews on Amazon and Goodreads: Amazon Kindle Ebook Amazon Prime Hardcover Audible Audiobook Changes are coming to the TSP! Learn all about the June 2022 changes to the TSP in this episode. New TSP app New TSP website Mutual fund window
May 9, 2022 • 42min
#38 The *BEST* TSP Investing Strategy! (Hint: There Isn't One)
To learn more about my LADS investment strategy and how to apply it to the TSP, check out my book The Military Money Manual: A Practical Guide to Financial Freedom. available directly from me on my website or on Amazon. Dozens of 5 star reviews on Amazon and Goodreads: Amazon Kindle Ebook Amazon Prime Hardcover Audible Audiobook In this episode Jamie and Spencer discuss several TSP investing strategies and why you may want to go with a particular strategy. The most important thing is to a pick a strategy and then stick with it through good times and bad. Consistency and a high savings rate can overcome any investing performance issues. Chasing performance and market timing nearly always ends up in failure. The safer solution is a long term strategy of buying and holding low cost passive index funds, like the 5 TSP Funds: G, F, I, S, and C Funds.
May 2, 2022 • 41min
#37 5 TSP Funds Explained - Guide to the C, S, I, F, & G Funds
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.
Apr 25, 2022 • 57min
#36 Legacy Planning for Military Families
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.
Apr 18, 2022 • 31min
#35 Amex Gold Card Military | Points and Miles, Amex Green Benefits Explained
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.
Apr 12, 2022 • 53min
#34 Air Force Pilot Bonus 2022 - What Would You Do With $420,000?
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
Mar 28, 2022 • 1h 10min
#33 Space A Travel with Luke: $40,000 in Free Flights + Why He Wanted a $148 Paycheck
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.
