MILMO Show

Are annuities a good investment is a question financial professionals get asked a lot. It's asked a lot because they can be confusing. You may not understand what they are, how they work, and who they are for.  Sean Gillispie is a financial advisor and Navy veteran. He's the Co-founder & Managing Partner of Redeployment Wealth Strategies. After serving 20 years as a surface warfare officer, Sean b...

It's that time again. It's my birthday and I'm happy you're here to help me celebrate. Last year for my three siblings were guests on my show. Since then, I've recorded 52 episodes of the Military Money Show and talked with some amazing people. I loved every bit of it. To include my recording with my Grandma. That was a very special show. But today I have another special one. It's my Dad! In this...

Preparing your kids to leave the family nest is a huge transition. There's a lot of planning and preparation that goes into it. And we aren't just talking about decorating their dorm room. No parent wants their kids to struggle so you try and impart every bit of knowledge you have on them to help them be successful. Money knowledge is top of the list for most parents to make sure their kids have a...

Anyone in it knows debt is hell. If it was so easy to get out of debt, no one would be in it. It's hard but having an understanding of how money works, your debt situation, and creating a strategy can help you get out of debt.  My guest, Erin Skye Kelly knows a thing or two about being in debt and strategies to get out of it.  Erin is a bestselling and award-winning author of Get the Hell Out of D...

Buy now and pay later, or not? That's a good question. Buy now, pay later is a consumer trend that's growing in popularity. Many online retailers are offering the option to buy your items now and make payments on them later. Some may see this as a buying trend, while others think it's here to stay. Jarod Taylor is on the show to talk about buy now, pay later with me. Jarod is an Accredited Financi...

Retirement points are important but they're also confusing as all get out. Points can help or hurt the money you earn in retirement. So they're very important to know about and understand! John Cooney is a CFP (R), Enrolled Agent, and a fee-only financial planner who founded Green and Gold Financial Planning to help people make smarter financial decisions, develop confidence in their financial sit...

Between 2016 and 2020, Service members and veterans lost over 420 million dollars in scams that were reported. Members of the military community are victims of Cybercrimes at a higher rate than the civilian community. A steady paycheck and frequent deployments make you a big target for fraud. Cindy Liebes is the Chief Program Officer at the Cyber Security Network, a public and private collaboratio...

Inflation is something that impacts everyone's wallets. Talk about the subject is everywhere but what's everyone saying and what does it all mean? To get the 411 on what's going on with inflation in the U.S., I'm bringing in an expert on inflation, Bob Frick. Robert Frick is Navy Federal's corporate economist, the world's largest credit union serving the military and their families. He provides ex...

Many military spouses head up the finances for their households. The frequent moves and deployments make it easier for the military spouses and often military wives to be the money point person whether you have experience or confidence to manage money or not. Catherine Alford is the author of the book Mom's Got Money: A millennial mom's guide to managing money like a boss. She's a nationally recog...

Starting a non-profit after military service is an option some aren't aware of. Creating your own non-profit to do the work you love and to help others is an opportunity you can take if you prepare. My guest, Mike Steadman, the Founder & CEO of IRONBOUND Boxing & Education, did just that. Mike, a three-time National Collegiate Boxing Champion from the United States Naval Academy and Marine Corps I...

Not everyone is content to live off of service member's pay alone. Military spouses want to make money and many service members want to make additional income. People want a better quality of life and are willing to do the work to make more money but how do you do it? A growing path to earn money anywhere, anytime is by becoming a virtual assistant or a VA. Mary Elaine Baker knows how to make lots...

Figuring out what you want to be after you retire or separate from the military is a big decision. Or figuring out a career that works well with military life can be a challenge for spouses. If you're going to work as a financial professional, there's a lot to do and know before starting that career path.  Certified Financial Planners and military veterans Forrest Baumhover and Daniel Kopp are on...

It's encore time. For USAA members, the transfer of investment products to Charles Schwab was something that we had to get used to. It was new. Well, it's been a year since the transfer so today I'm doing an encore airing of my show with Danielle Munoz from Charles Schwab on the benefits members receive at Schwab. Danielle covers a lot of valuable info in this show. Be sure to check out the show n...

It's hard to believe but it's been a year since USAA transferred their brokerage accounts to Charles Schwab. In honor of the anniversary, I'm doing an encore presentation of my interview with Mary Stork from USAA. Be sure to check out the show notes with newly updated resources. I'll have more information on Schwab stock slices and the free financial plan you are eligible for as a Schwab client.

Money conversation can be hard to start. It's a talk that a lot of people would rather avoid. Especially when money's tight. They can be stressful and lead to fights in a marriage. So you can see why it's not top of the list for most people. But it's something that has to be done. Paul Roberts is a Charles Schwab Financial Consultant - Member Relationship Advisor. He is a Certified Financial Plann...

Tax time comes every year but somehow, most people aren't ready for it. I guess when you only do something once a year, you get a little rusty. Wouldn't it be easier if we prepare all year, instead? My guest, Paul Allen, is helping us prepare for tax season all year. Paul retired from the Navy after 24 years of service, eight years as an enlisted nuclear reactor operator, and 16 years as an Intell...

Debt is something that many have but don't want. It causes financial stress and takes away from your financial freedom. But how do you eliminate debt? Neslie Ethridge understands the stress of debt. He experienced moving every two years with his young military family, racking up debt along the way. He juggled multiple bank accounts, often postdating personal checks to make ends meet. His financial...

Separating or retiring from the military is a big deal. Planning and preparation should be given to leaving the military so you make informed decisions about things that can have lasting financial impacts. Looking at your pension and benefits together can help you make the best decision for you and your unique circumstances. Kit Lancaster is an Army Veteran and Certified Financial Planner. He's th...

Military Appreciation Month is the Super Bowl for the military community. There's a lot of coverage and fanfare. It's only missing the commercials. It's the entire month of May and is designated to the U.S. Armed Forces. I hope that some of the resources I'm going to share can help you treat yourself this month and celebrate all that you do. Here's a roundup of the perks for Military Appreciation...

You can make a ton of money with websites. But how do you do it? How do you get started? What are the things you should do? And what should you avoid doing? Where should you spend you money to get started? Lena Gott is here to give us all the ins and outs and of making money with websites. Lena is a friend and fellow blogger. She's the person I go to when I have business questions. Lena is the fou...

Habits, we've all got them but are they good ones or bad ones. If you didn't guess it, it's important to build good habits, the ones that help you build wealth and financial freedom. My guest is an expert in habits. More specifically, he's an expert in rich and poor habits. Tom Corley is an internationally recognized authority on habits. His inspiring keynote addresses cover success habits of self...

Security clearances are serious business in the military—most service members need one to perform their job. And if you can't get one or keep one, you could lose your job in the military. In that case, it means a reclass or, in some cases, being put out of the military. Personal finances are one of the guidelines in the adjudication process to obtain a clearance. Delicia Carswell is the founder of...

Financial freedom is achievable. We all want it but how do we get it? As you hear me say financial freedom is achievable, you may be sitting somewhere in the middle east or packing up your house for another PCS thinking there's no way I can have financial freedom. Well, I'm here to tell you you're wrong. It's possible for you to make money beyond your imagination but to make it happen, you have to...

Service members, military spouses, and veterans can make money selling products and services online. But how do you get set up to selling in a way that's PCS-proof? Entrepreneurship in the military community has been kicked into high speed. After decades of struggling with un and underemployment, military spouses are taking control of their careers and earning power by becoming entrepreneurs. I kn...

Saving money is the foundation of financial success. Having money set aside for emergencies and opportunities is essential in your money management tool belt. Lila Quintiliani is here to talk about all things money-saving in the military community. Lila is an Active Duty Army spouse, veteran, mom of two, and the Military Saves Senior Program Manager. Previously she worked as a Personal Financial C...