3 Ways to MAXIMIZE Your Military Money

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5 жыл бұрын

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Austen Alexander is an Active Duty Sailor, who posts weekly to KZfaq. He is most popular for his challenge videos including Ms. Bikini Olympia and challenging U.S Marines to obstacle courses and races. Austen is the host of the Hot Mic Show with Austen Alexander podcast and continues to post fitness and lifestyle-related content to Instagram as well.
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@asymptomatic84 5 жыл бұрын

Basically don't be that new guy at your unit who buys a dodge charger with 30% interest and marry the first stripper you meet

@onetwocrazy1232 5 жыл бұрын

asymptomatic84 Wheres the fun in not being that guy?

@jayburrow7826 5 жыл бұрын

Lol...it was always funny when homies would marry their A school girlfriends for BAH...idiots

@jayburrow7826 5 жыл бұрын

Lol

@shovunizimcordiforio4879 5 жыл бұрын

@@jayburrow7826 that is true but I don't know what it is like to my mom and she is actually before the other stuff to make sure that the best time for the one she gets to be working in 🏦 the bank because she is 💰 money woman working 😀

@kennethaguila5157 4 жыл бұрын

Isn’t that what ur suppose to do 😩

@joshzig01 4 жыл бұрын

Basically what he's saying is, spend your 20k enlistment bonus on a Mustang and finance the rest.

@justinfernandez9876 2 жыл бұрын

We get a 20k enlistment bonus??

@Mist3rT20 2 жыл бұрын

@@justinfernandez9876 currently there's a 50k enlistment bonus if u do 6 years

@ethaneofficial Жыл бұрын

@@Mist3rT20 it’s all BS

@bobbyknight3589 Жыл бұрын

Oh yeah brother 🤣🤣

@MrRadioactiveChaos 11 ай бұрын

@@ethaneofficialah it just depends on what job is currently offering the bonus, my jobs is providing 30k for 6 years and 17k for 4

@patriot._.9373 5 жыл бұрын

Austen’s fans: do a review on my car Austen: what’s that? You want to learn about budgeting?

@AustenAlexander 5 жыл бұрын

+Patriot ._. 😂 basically my thought process

@patriot._.9373 5 жыл бұрын

Austen Alexander hey I dig it though I’m shipping out for the navy July 10 this year

@AustenAlexander 5 жыл бұрын

Ayeee coming soon! Best of luck to you 💪

@patriot._.9373 5 жыл бұрын

Austen Alexander thanks!

@blancamorales4899 3 жыл бұрын

Are u David

@sortacasual 5 жыл бұрын

I love videos like this! I will ALWAYS like money related videos from you

@PPikes 5 жыл бұрын

Always teaching always helping.... You're a big ol sweetie! 😄 You're everything the world needs

@chopper8582 5 жыл бұрын

Austen "Better Than I Deserve" Alexander.

@zurra2149 5 жыл бұрын

I ship in 4 days! Super Excited. Also a helpful video! I’ve been watching for a while.

@justinwiley7539 5 жыл бұрын

me too! I'm going to fort Sill hbu?

@zurra2149 5 жыл бұрын

Justin Wiley Im going up to Great Lakes in Chicago. #navy

@jonsmith919 5 жыл бұрын

Save your money and get your 20 in. Think about your future!

@Me-eb3wv 5 ай бұрын

@@zurra2149how do you like it so far

@DrSnipeful 5 жыл бұрын

Solid video my dude, definitely good advice that I received later in life that would've otherwise been extremely helpful earlier in my 20's.

@irmapuerta8771 5 жыл бұрын

Wow!!! I really appreciate your information thanks for the tips i love this video.Thanks Austen .

@pyclan5 4 жыл бұрын

You can seal your paint with ceramic paint protection, apply every 2 months and your paint won't go anywhere. As for headlights you can buy a restoration kit. Don't pay others for something you can do yourself. Learn how to service your car and you save heaps.

@celinee7419 4 жыл бұрын

We love You Austen Alexander and god with You Austen Alexander Amen 🙏🏼 💪🏻💪🏻💪🏻💪🏻✌🏼

@frood801 3 жыл бұрын

I'm about to enlist and go off too boot camp in these coming months (Army) and I plan to buy 1 (One) gaming laptop for personal recreation, maybe some cooking equipment for my dorms when I get assigned, and going to put 50-70% of every paycheck after into low to medium risk portfolios and bonds.

@samuelcyubahiro7857 2 жыл бұрын

My brudda I really appreciate you for this video man. Hoping to get the most of out Airforce and I do know goin to be great experience

@czur8058 4 жыл бұрын

Very smart!!!! Assets over liabilities forever

@youraveragejoe2 5 жыл бұрын

Also number 4, don't have kids. That's a huge dent on your finances. Saves a lot as well. 5 don't always try to play catchup and follow the crowd and always get new things

@AustenAlexander 5 жыл бұрын

+Your Average Joe 2 I do agree with this 100%

@youraveragejoe2 5 жыл бұрын

@@momoghost no.

@UncleMichaelable 5 жыл бұрын

Or know how to budget your money. Kids aren’t the problem

@unyieldingrage1389 4 жыл бұрын

Mike Floyd Yea cuz raising a baby don’t cost a dime.....🥴

@fearlessreview 4 жыл бұрын

Kids make that tax refund huge lol

@2nastygamin 5 жыл бұрын

Keep up the good work my dude💯

@AustenAlexander 5 жыл бұрын

+david encarnacion thanks David!

@mr.mrs.banuilos7552 5 жыл бұрын

Great video man! I needed this for future needs. I ship out November 16 to boot.

@AustenAlexander 5 жыл бұрын

Congrats!! Best of luck. It will come quickly

@thill5121 5 жыл бұрын

I love your videos and I like how you explain this and I could learn a lot from you

@oumaymatad768 5 жыл бұрын

So helpful video good informations thank you

@TYREE199912 5 жыл бұрын

Thanks MA2💯

@AustenAlexander 5 жыл бұрын

+COOP THE SAILOR I got you!!!

@shelbyc.8338 4 жыл бұрын

Can you do a video on military bonuses and ranking up? Or a video on seaside vs shoreside life?

@mcmagdiel3277 3 жыл бұрын

kzfaq.info/get/bejne/oJ2efpiTmt21dok.html this video talks about ranking up bonuses

@yourmilitarymoney 5 жыл бұрын

Definitely maximize YOUR Military Money!

@nickhammack3662 5 жыл бұрын

Cool video man

@christopherbishop1055 5 жыл бұрын

Very good tips, MA2

@mt2.063 5 жыл бұрын

Rocking that Jocko T-shirt I see. Representing hard 🙌🏾

@AustenAlexander 5 жыл бұрын

Yes! I’m still waiting on that video 😫

@lyn5anity46 4 жыл бұрын

Great info bro I’m goin in as MA sep1

@jonsmith919 5 жыл бұрын

I hope you can reach more young sailors and educate them on buying deprecating assets . You are doing a great service! Unfortunately this kind of stuff is not taught in high school. Balancing a check book and living on a budget is paramount. I don’t have a car payment per se , but I put $350 per month into a separate account just for car repairs; tires oil changes. As the account grows, one day I will call on it to upgrade my current car with cash.

@AustenAlexander 5 жыл бұрын

that's a very smart idea actually. i try to upload a decent amount of financial advice but I would like to do more. Maybe through a podcast

@rhymeandreasoning 5 жыл бұрын

Great info.

@joshuawarren5205 5 жыл бұрын

Actually, as for credit and building your credit, if you have a total of 30% credit card usage your score will be higher. When I turned 19 is when I got my first credit card (prepaid credit limit) of $300. I made sure I used 30% of that limit by the end of the month. Within a year I had an 800 credit score. I didn’t care if I needed to buy a pack of gum to get to that 30% usage. Or if I was over I made a payment before the end. Than after the month I paid it off.

@crishernandez6270 3 жыл бұрын

Where did you get your credit card from?

@joshuawarren5205 3 жыл бұрын

@@crishernandez6270 us bank. But any will do. On a 300 limit the minimum payment is 30 a month. So pay 31 a day early.

@crishernandez6270 3 жыл бұрын

@@joshuawarren5205 how would I be able to pay it back? Do I spend it then deposit money back in it?

@joshuawarren5205 3 жыл бұрын

@@crishernandez6270 well it doesn't really matter what you spend it on. Might as well get your minds worth. This is what I did. When I got it, I maxed it out. And let that reflect on my credit for the month. And after that I started with the pay $1 more a day early. This shows the credit is being used. It's actually important not to get to much credit because you still want the utilization. No matter what others tell you, utilization is more important than the credit amount. Companies want to see they make money off of you, if you have so much credit you don't use, they won't wanna work with you and they know they won't make money cuz you're not using the card. Anyway. Start off by maxing it out and pay it right away. OR you can do which may be better, is make a purchase which is 30% of your total credit. Tgats the desired range to stay AT. not in. But AT EXACTLY 30%. And in no time you'll have a great score.

@crishernandez6270 3 жыл бұрын

@@joshuawarren5205 thanks bro!

@TheJizzy84 5 жыл бұрын

Sweet shorts bro

@dhuo_19 Ай бұрын

thanks bbg 😘😘😘😘😘

@personman56 5 жыл бұрын

Helpful video

@firstlast8481 3 жыл бұрын

Dont finance a car pay cash Dont party Dont drink Dont smoke Dont do drugs Find other ways to enjoy life without hurting you pockets. And SAVE

@mikegargano3233 6 ай бұрын

Another Great video$$$$$🎉

@lyn5anity46 4 жыл бұрын

Def gonna utilize the acorns app

@Imkyleracette 5 жыл бұрын

I just bought and read "Make Your Bed" Too!!! Great Book.

@AustenAlexander 5 жыл бұрын

Awesome! Yes one of my favorites

@SR5JOHN 5 жыл бұрын

I would have to sit down personally with you and do this because it just went over my head lmao.

@genaromontalvo9338 2 жыл бұрын

Liquidate. Liquidation is a good thing.

@scottarceneaux7745 4 жыл бұрын

I like your video's.Keep up the good work.What kind of watch do you wear.Thanks.USN.

@britneyflorian8593 4 жыл бұрын

I appreciate this! I’m going into BMT soon. And was wondering how I can become more financially intelligent and this is exactly what I needed. I will definitely have questions for you about stocks in the near future.

@TheBunkerbunny5 3 жыл бұрын

I know this video is older, but if you do an update mention Webull. You can do what’s called paper trading with fake money until you learn how to read trends and indicators. It is helpful to those who want to learn without risk. 👍

@TheSprykilla 5 жыл бұрын

I downloaded your boot camp prep lets go marine corp 2020!!

@AustenAlexander 5 жыл бұрын

+jacob fleming LETSSSS GOOOO finish it!

@TheSprykilla 5 жыл бұрын

@@AustenAlexander i will brother my grandpa served 25 years in the corps i felt it was to late for me cause I'm 21 but its never to late im grinding and heading to the corps!!

@TheSprykilla 5 жыл бұрын

@@AustenAlexander you motivated me in a way that'll be life changing

@AustenAlexander 5 жыл бұрын

Awesome bro!! 21 is still young. I joined at 21

@TheSprykilla 5 жыл бұрын

@@AustenAlexander all more reason im good to go😎

@Chris-er1yr 5 жыл бұрын

For the ones that know how to drive a motorcycle, and are in active duty service, do you recommend for new active duty service members to buy a motorcycle as a means of transportation and as well to save on gas ? What is your opinion on this

@lucineia3009 5 жыл бұрын

Very wise you invest and encourage people to invest because unbridled consumerism only leads to debt.

@lucineia3009 5 жыл бұрын

@BestModern Leggings I agree, in a way the debt keeps the money circulating in the market. What I want to emphasize is the need for financial planning to also not go into bankruptcy (losing credit).

@lucineia3009 5 жыл бұрын

@BestModern Leggings Yeah, you need to be aware of investments to invest safely as well!

@todspeerii7498 Жыл бұрын

I've always said that, if you don't owe any money and it's yours, drive it until it explodes.

@ahlexah6373 5 жыл бұрын

What are the bonuses you can get or apply for when enlisting and going to boot camp

@syrilbrooks7041 5 жыл бұрын

Good video! Does your truck have problems often?

@young7931 5 жыл бұрын

Doesn't the military have an investment plan and/or financial aid at base?

@austinherzog8465 5 жыл бұрын

What do you typically do with your home cell phone service when going to say Bahrain ? Obviously we don’t get coverage over there so how’d you stay connected

@AustenAlexander 5 жыл бұрын

we had to purchase an unlocked phone and use Zain or Viva service out there..it's very cheap like $12 per month unlimited everything

@sergiolopez1855 4 жыл бұрын

Do you mind showing us your portfolio?

@RobMob 5 жыл бұрын

Stay frosty fam. 2 vehicles at 1818 have been stolen and a couple others have been broken into out of the parking garage. Local KZfaqr here

@AustenAlexander 5 жыл бұрын

Small world!!!

@ahlexah6373 5 жыл бұрын

My question isn’t about this video but what are some ways or tips you might have about getting from couch potato to be fit for boot camp

@Spydagotpiff 5 жыл бұрын

Everyday day do more than you did the day before.. Mentality is key.. Look up David Goggins he will help you out he helped me..

@00taehyung_kim40 2 жыл бұрын

Would you recommend investing and doing tsp or just do tsp??

@TheJMan1K Жыл бұрын

I’ll be shipping out as an E3 end of the year. Once I finish my associates degree in Automotive tech & Autobody. Got a paid off Tacoma so I’m covered vehicle wise and not married/no kids. What would be your best tips for someone such as me who wants to be a lifer. Both career wise and financially?

@kykrkoons9858 5 жыл бұрын

Hey you forgot your camera when you drove away just a fyi

@victoriaespinoza6299 4 жыл бұрын

I learned a lot but I have no idea wtf half of this information meant 😭

@cashoutmurkn2367 5 жыл бұрын

Aye Austen, big bro. Is it even worth going out getting a credit card? Low key scared about getting one in the future when Iam deep into my Navy Career.

@AustenAlexander 5 жыл бұрын

+CASHOUT MuRkN I recommend learning more and more about them until you’re comfortable and have enough self control to use it smartly. They come with great benefits and perks. Not to mention free travel with points

@tylerjohnson3195 5 жыл бұрын

If you don't have credit already established, I would recommend getting a secured credit card and building your credit score more safely. Credit cards are scary, but a necessity for taking a car loan, apartment, etc without co-sign or massive down payment.

@dakotakelly3825 5 жыл бұрын

Hey, Austen great video overall. Love that the car is paid for. So I use Robinhood and Ally Investment for my stock investment. I was wondering if you have thought about CD'S or Roth IRA'S they are lower interest rate is also another great way to saving for a extra nest egg or saving to buy something with saved up money. Thanks for the great content.

@AustenAlexander 5 жыл бұрын

Yes!! I have investments in ROTH Tsp. Lots of people don’t like TSP but I do use it to save towards retirement or just a nest egg. The Navy matches 5% of everything I put in there. I do lean more towards index funds though to get ahead a little within a couple of years or so. Then I want to move more over into Roth IRAs

@dakotakelly3825 5 жыл бұрын

@@AustenAlexander Great just wanted to see if you known about those or just didn't talk about them because you didn't know about them. Thanks for all the help I ship for boot camp on Tuesday June 11th

@VizMaior 5 жыл бұрын

"cop" play as the parking lot CPA.

@taylorschott4659 3 жыл бұрын

What i plan on doing is signing up for 6 years and just save every single paycheck until I am discharged. By then I should have a total of $120,000 or more in the bank and use half of it to pay for college, unless the military will pay for it, then, I get to keep all of it. If that's the case, then I can keep saving the pay checks until after college. that,ll give me a lot of money to live on while I look for a job.

@justinfernandez9876 2 жыл бұрын

The military pays for college fully how is your plan going btw it’s been a year +

@itsjeremih 2 жыл бұрын

@@justinfernandez9876 probably didn’t go as anticipated 💸

@paulaangelina7750 Жыл бұрын

i mean, saving EVERY paycheck isn't reasonable. creating a budget for extra expenses is reasonable. i.e, clothing, Christmas, phone, hair cuts, toiletries, etc.

@jonsmith919 5 жыл бұрын

The best car is the one that’s paid for. My 2001 4 runner has 300,000 miles.

@AustenAlexander 5 жыл бұрын

+Jon Smith very very true!!

@alvinmai7924 5 жыл бұрын

In addition to investing, do not forget to put money away (could be as little as $100 a month) in a 403-B/401-k and Roth IRA's!

@AustenAlexander 5 жыл бұрын

very true!! all about the Roth

@beaumathews7491 5 жыл бұрын

see this is what highschools should be teaching...

@Aramis98 4 жыл бұрын

About to hit my 3 year mark saved $40,000.00 so far. A year long deployment I went on definitely helped though.

@AustenAlexander 4 жыл бұрын

that's really good actually!

@Aramis98 3 жыл бұрын

@@AustenAlexander following up! I’ll be leaving in a week to SEPS platoon from Oki. I have: 100k+ in my brokerage account $34k in Crypto $19k in TSP and about $10k in cash So about to EAS after 1 contract with around $163,000.00 and no debt!!! A good chunk of that was ROI from investments though but the year long tour in Djibouti, Africa and COLA from Oki helped.

@RATsnak3 5 жыл бұрын

4:29 oops

@SavagebaconboyTyhill 5 жыл бұрын

I been in the air force for 9 years I’m 54 kmow

@Dani98664 5 жыл бұрын

DO NOT invest in penny stocks. A lot of sketchy shit can happen with them.

@requiemphotography4792 4 жыл бұрын

Why is this elaborate I’ve heard an s&p 500 is the best investment in the long run while enlisted especially if your going to make a career out of it

@nxemn7514 3 жыл бұрын

I’m from Ireland , can I still use the Robin Hood apps etc to invest in stocks or no? Do you have to be american for this?

@SavagebaconboyTyhill 5 жыл бұрын

I got in a plane crash because I got shot down

@rasta1017 4 жыл бұрын

I could tell instantly that this dude was navy

@vsboy2577 5 жыл бұрын

The more savings a person has the more depressed a person is the key to life is to have the best things money can buy even on credit because life is too short.

@eddiesalas1392 5 жыл бұрын

I doubt going in debt is the solution to depression

@kbit22 4 жыл бұрын

vsboy 25 I wouldn’t equate happiness to monetary and materialistic possessions if I were you. Also being in debt and living paycheck to paycheck is damned miserable, even with a lot of fancy things

@supersaiyannigga5980 Жыл бұрын

This is the most clown shit I've ever heard in my life

@jsj127 5 жыл бұрын

First one here lol love your videos so much Austin❤❤❤

@PPikes 5 жыл бұрын

I beat you 😝

@AustenAlexander 5 жыл бұрын

+Jasmine Olivo thank you!!

@Guzzie4 3 жыл бұрын

my acorns in 2 years made $45 off of only putting in $265

@bent9938 5 жыл бұрын

What brand is your watch?

@aspiringfurnitureflipper9087 5 жыл бұрын

Hey man, I’m joining with a Green Card so I don’t get security clearance jobs. In this case, do you know of my debt will affect me when joining? I had amazing credit but do to circumstances out of my control I had to use it all for groceries for my family for over a year. I’m in collections. Would they consider my situation in your opinion? Thank you!

@Betancourtdm 5 жыл бұрын

If you are currently in collections you want to be in good standing as it can limit job selection. It is ok to have debt but work with the creditor so it is technically not in collections any longer, usually three small payments will be enough. Keep in mind that a green card might also limit job selection due to security clearance requirements.

@aspiringfurnitureflipper9087 5 жыл бұрын

Daniel Betancourt Hey thanks for your advice! I think I’ll just have to wait to pay down debt and then go to a recruiter. I was going to go first, but I guess I’m a little afraid they’ll see my case and dread working with me lol I’ve gotten a list of the job selection for GC holders so I’ve been looking up information about them. Thanks again!

@Betancourtdm 5 жыл бұрын

Anytime. The amount of debt is usually no big deal so just ensure the agency says "good standing" and you should be gtg.

@zanhill9807 Жыл бұрын

great video the only thing I didn't like was you talking to people that are just starting to get their finances in line about penny stocks I think it's better to introduce people through ETFs etc. I think you are a smart guy but the video got a little shaky when you started talking about individual investing, the acorn talk was good though. Just my opinion I could be wrong. Also instead of saying you don't like to save, I think it would have been better to say I like to buy assets and then explain to people who don't know what assets are. I'm not sure if this made sense but it's just my opinion. As I'm writing this I see the video was posted 3 years ago, you probably know much more now.

@ronthompson2366 5 жыл бұрын

ROTH IRA.... nuff said.

@patrickreilly2338 5 жыл бұрын

Here's how you maximize it stay out of the bar seen many be broke in 3 days

@AustenAlexander 5 жыл бұрын

😂😂 very true

@patrickreilly2338 5 жыл бұрын

@@AustenAlexander sad right u and I like the gym. My favorite thing I liked bout navy but loved playing bb with the bros most

@patrickreilly2338 5 жыл бұрын

@@AustenAlexander somethings never change no matter what or year

@Mike-ul7of 3 жыл бұрын

Straight Talk is the best phone service. $35 a month and plenty of internet. After 1 year they give 10GB extra a month for free. Don’t need to be military for it either

@GregariousAntithesis 2 жыл бұрын

Pickup with camper live in unit parking lot because you werent stupid and got married and had kids. If all you did in 4 years was that and spent minimal you would get out with a place to live and some money in the bank. Im so damn old, i was in when Mira Mar was a Navy base and i was in an E2 squdron who had a chief who lived on a RV in the squadron parking lot. My point here is what im telling you is an honest way to live and plan for the future. Myself i did live in a camper on base in NOLA and i also lived in a VW bus in colorado one summer. So the sacrifice with a goal pays off. Dont drink the materialistic coolaide. Sacrifice when you can for a better future!

@Manu-gq5ke 5 жыл бұрын

Lol 38$ for 2gb of data. I can get 5gb of data for 30$ from Lycamobile.

@AustenAlexander 5 жыл бұрын

What is Lycamobile?

@Manu-gq5ke 5 жыл бұрын

@@AustenAlexander It's a phone company and pretty much used all over Europe and the US. Look it up!!!

@ferawatijuni3244 2 жыл бұрын

So the pwople can not understand about what I need. So different you stay with family and alone right.

@subicstationditosailor4053 3 жыл бұрын

Don't buy a car any closer than 200 miles from your base.

@k3nnyshantia 5 жыл бұрын

Roll Tide

@BillyBoyGT7 4 жыл бұрын

Can my wife also use myafmobile?

@AustenAlexander 4 жыл бұрын

+p4rk yes

@josefigueroa5671 5 жыл бұрын

Have you tried Forex?

@shanehess8950 10 ай бұрын

Car loans ultimate ripoff

@SavagebaconboyTyhill 5 жыл бұрын

Know

@varun009 3 жыл бұрын

I knew this asshat back in the day who would blow all his money on new accessories for his m4. I didn't even know you could bring your own upper. Still not sure if you can. We did a lot of questionable shit.

@SavagebaconboyTyhill 5 жыл бұрын

1 year ago