Top 6 Finance Tips for Future Military Members

Hiii. How do u guys have lots of time to work out? You look cute, Nguyen. 😊

I’m only 17 and I plan on joining the military, thanks for the information Nguyen!

You didn’t mention TSP. I was putting 5% of my pay into TSP. But I wasn’t investing it. It was just sitting in gov securities. I wish I had moved it into the C fund, large cap stocks. It follows the S&P500 and if I had done that, I’d have a good chunk right now

No matter what u earn, follow the Dave Ramsey program.

STAY AWAY from credit cards, period!

Not applicable to this Gentleman but be cautious of active duty or anyone in uniform offering advice. In the past two years, and this last week, officers in various services took advantage of hold star family monies, investments and were using monies to invest for their portfolio. Another was offering help to troops but using the investments to pas his portfolio. Use a professional non military as this person is mentioning or ask him to advise what are the best options. No credit cards! Coupon !!! In every form of the word, not just food. GI Bill and tuition ass. The best source of tax free income is to enroll in school and use all tuition assistance. It's a great way to help with a car payment or insurance do to the stipend.

SDP is pretty nice. It’ll earn you an extra rack during deployment.

Don't do it, is the best advice there is.

what do you think about usaa?

Hi! Do you have any videos on investing money you earn in the military in a smart way? Thanks!

I started my usmc contract with 4th Lar..when i left the unit i was with H&S Company Service PLT. Name was lcpl wright.. Got in at 2009 during their redeployment phase. Did 6 years there. Missed yall so thanks for showing the updates. Miss the camp flores area. Miss the unit too! Thanks Sgt!

Just buy the mustang zero percent down and marry her because she loves you. Definitely volunteer for things.

Would you mind discussing the benefits of a Roth for military members whether it be ira or 401k as well as the implications for early withdrawal of principle as well as early withdrawal of gains then maybe discuss pros and cons of using va loans as opposed to conventional specifically discussing loan origination fees and the undesirable nature of a home seller to accept a va loan? How about if someone is a reservist and they want to do a SEP IRA would you prefer them do that or max out all of their military retirement plans even though investment options are less than options? Which letter would you opt for on the retirement investment plan and why for armed services?

Hope you guys enjoyed the video!
Were there any finance tips and tricks you learned about in your military career that changed your life? 🤔