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 Sav...

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...

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...

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 Ma...

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...

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...

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...

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...

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 complementar...

In this episode Spencer and Jamie breakdown How to stop paying state income tax Why you should do your own taxes How to stop being afraid of taxes We also cover military spouse taxes including the Military Spouse Residency Relief Act (MSRRA), which allows military spouses much more flexibility in which state they are taxed in. This is extremely helpful if you need to PCS in the middle of a year. Y...

Learn everything there is to know about travel hacking the military in my Ultimate Military Credit Cards Course . Besides welcome bonuses, credit card referral links are the easiest and fastest way to earn thousands or even millions of credit card points, miles, and cash. Spencer and Jamie break down the easiest way to earn lots of point and miles with your Chase and Amex cards.

Learn how to maximize your military annual fee waivers in my Ultimate Military Credit Cards course at https://militarymoneymanual.com/umc3 By upgrading Chase and Amex cards from lower tier cards to higher tier cards, you can earn valuable recurring annual benefits like airline fee credits, travel credits, and much more. For example, you could upgrade an American Express Hilton Honors Surpass card...

Could you achieve financial freedom while you serve in the military? Thousands of servicemembers already have! Check out  The Military Money Manual: A Practical Guide to Financial Freedom  to discover the exact investment strategies and personal finance tactics you can use to achieve financial independence while you serve. Availabe now at shop.militarymoneymanual.com

Want to learn how to achieve financial independence rapidly in the military? Check out the new book,  The Military Money Manual, at shop.militarymoneymanual.com Calculators we talk about in this episode include: https://calculator.ficalc.app/ https://networthify.com/calculator/earlyretirement https://firecalc.com/ https://engaging-data.com/fire-calculator/ https://engaging-data.com/will-money-last...

Spencer and Jamie cover a lot of ground in this short, start of the year episode. Topics include: Spousal IRAs Contributing to last years IRA (during this year!) Roth TSP vs Roth IRA And much more Did you know if you max out your Roth IRA every year while you work you could easily end up with $1.2 million by the time you retire? It sounds crazy, but thanks to compounding interest, it's very possib...

Long term, the Chase Sapphire Reserve is definitely the superior card. But you may want to open the Chase Sapphire Preferred first because the Sapphire Preferred often offers a higher welcome bonus than the Sapphire Reserve After keeping the Preferred open for a year you can then upgrade to a Chase Sapphire Reserve. You must wait 1 year to upgrade due to a federal law called CARD Act. Cards mentio...

Sign up for the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 to learn how to accumulate millions of points and miles. Plus, you can pay no annual fees if you're in the military or a military spouse. Once you've accumuluated a lot of points, it can be tough to decide if it's a good deal to use points for a purchase or not. Jamie and Spencer break down the math of valuing po...

Learn more about annual fee protected credit cards in the Ultimate Military Credit Cards Course at https://militarymoneymanual.com/umc3 . In this episode you will learn how to get Military Lending Act (MLA) benefits applied to your Chase and Amex accounts. It's a very easy process as long as your Social Security Number is correctly loaded in the MLA database.

The best hotel credit cards for military families are: American Express Hilton Honors Aspire Card military Marriott Bonvoy Brilliant™ American Express® Card military Chase World of Hyatt Card military Chase IHG Rewards Club Premier Card military You can learn everything you need to get started with military annual fee waivers in the 5 day, 100% free Ultimate Military Credit Cards Course . All of t...

Make sure next year is your most successful year yet with the timeless financial freedom lessons in the Military Money Manual, available now at militarymoneymanual.com/book The end of the calendar year is an excellent time to review your progress, success, and failures over the past year. It's also a good time to look forward and set intentions for the new year. In this episode Jamie and Spencer d...

Make sure next year is your most successful year yet with the timeless financial freedom lessons in the Military Money Manual, available now at militarymoneymanual.com/book The end of the calendar year is an excellent time to review your progress, success, and failures over the past year. In this episode Jamie and Spencer dissect Spencer's "State of the Money" address to his wife. We also discuss:...

This is the book I wish someone had handed me on my first day in the military. Shipping now at https://militarymoneymanual.com/book The Military Money Manual: A Practical Guide to Financial Freedom lays out the road map to achieve financial independence (FI) while you serve in the military. I walk you through how to build your financial foundation, my 9 principles to achieve FI, unique military in...

Learn the behaviors and habits of financially independent military troops in my new book the Military Money Manual, available now at militarymoneymanual.com/book/ Paying off debt, especially when it's 5 or 6 figures, can seem insurmountable. A journey of 1000 miles begins with a single step. The same is true for financial independence. The journey to being a millionaire investor starts with paying...

Check out my new book  The Military Money Manual: A Practical Guide to Financial Freedom   where I lay out exactly how to achieve financial independence in the military. One of the first steps on the journey to FI is getting your debt under control and getting back to a positive net worth. Whether you use the debt snowball, debt avalanche, or just get it done, getting out of debt is possible! Jami...