how to get rich in the military in 3 simple steps!

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how to get rich in the military in 3 simple steps!

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Күн бұрын

Real Estate Investing Course: military-milli...
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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom!
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Пікірлер: 40

@jessefoster2832 11 ай бұрын

FOR GOD SO LOVED THE WORLD THAT HE GAVE HIS ONLY BEGOTTEN SON THAT WHOSOEVER SHALL BELIEVETH UNTO HIM SHALL NOT PERISH BUT HAVE EVERLASTING LIFE JOHN 3:16

@hassan15z50 7 ай бұрын

AMEN

@shatexposure4467 Жыл бұрын

4. Never get divorced

@Frommilitarytomillionaire Жыл бұрын

Or never get married :p

@hammurds Жыл бұрын

Prenuptial agreements are a god send

@jerseystef640 Жыл бұрын

@@hammurdsunless she says she was drunk when you made her sign it, and you don’t have proof that she was not 😂😂😂

@rickjones1004 7 ай бұрын

@@jerseystef640😮😮

@austinferrell4921 Жыл бұрын

4. Don't get some chick pregnant or have kids period

@scarvello 11 ай бұрын

Most people nowadays come into the military at older ages and already have kids.

@ext1nction894 6 ай бұрын

I thought the military had programs for soldiers with families

@eyisgaming9921 Ай бұрын

That’s my goal. No kids or a girlfriend, my main focus is the mission until my contract is up

@ducheau100 3 жыл бұрын

I would suggest people put more on the Roth Side of TSP. Remember the TSP pre-taxed means when you take a distribution you will pay ordinary income tax and penalty if younger than 59 1/2, (in some cases under 55). That 500K balance on the pre-tax side is really more like 300-350K after tax. For the Roth you pay no tax on the earnings after 59 1/2 and if you meet the 5 year rule. If I could go back in time I would have put more on the Roth side of TSP. It just makes sense.

@Frommilitarytomillionaire 3 жыл бұрын

It really depends on several factors though. Age and current income (and planned income at retirement) for some.

@douglassmith9445 11 ай бұрын

Currently maxing my tsp in the c fund only, have two roth iras for the wife and I which are also maxed and invested in the S and P as well, and a brokerage account also invested in the S and P which was just started but should get about 15-20k a year after the other accounts are maxed for the year. Should be financially free in 7-8 years which will equate to 13-14 years of active duty service.

@mikelentz833 10 ай бұрын

Good plan!

@doreencraig5705 3 жыл бұрын

Wow this is BIG FACTS

@Frommilitarytomillionaire 3 жыл бұрын

Thanks Doreen!

@_rhodium Жыл бұрын

Would you recommend doing IUL

@Frommilitarytomillionaire Жыл бұрын

Almost never! Not unless you're already rich, and can stroke a 6-figure check on day one to overfund it. IUL's are capital preservation, not get rich str as tegies

@jeffreyburke8924 7 ай бұрын

It’s not a true 5% one for one match. You put in 5%, but they count you 4th and 5th percents as half, so the military actually gives you 4% for your 5%.

@Frommilitarytomillionaire 7 ай бұрын

Interesting, I've not heard that before.

@icey6035 3 жыл бұрын

Im getting out at 9yrs. Should i roll into the blended retirment now?

@Frommilitarytomillionaire 3 жыл бұрын

Probably too late. I dont think you can change your retirement plan anymore, you're either BRS, or not.

@evilload 3 жыл бұрын

Hopefully you have the TSP so you can take that with you. And you used your 9rys to learn marketable skills and/or furthered your education.

@knowledgeforlongevity6739 3 жыл бұрын

Okay copy, I will do that

@Frommilitarytomillionaire 3 жыл бұрын

whoop whoop! Watch my TSP videos too!

@justinvillalobos9993 Жыл бұрын

What’s a fund

@Frommilitarytomillionaire Жыл бұрын

The different funds are invested in different combinations of stocks and/or bonds.

@justinvillalobos9993 Жыл бұрын

@@Frommilitarytomillionaire thank you

@Anonymousilly 10 ай бұрын

Dont invest is his version of getting rich

@Frommilitarytomillionaire 10 ай бұрын

Why is that? I feel you should give an alternative if you're gonna drop that. Life on my own terms is pretty cool!

@Anonymousilly 10 ай бұрын

@@FrommilitarytomillionaireI agree with that but if you also wanna max out as much money don't let all your money eat away to inflation

@Anonymousilly 10 ай бұрын

@@Frommilitarytomillionairereal estate

@hollywoodheevez145 8 ай бұрын

#5 have all assets under your business CORP you don’t own shit

@toot203 8 ай бұрын

false

@Frommilitarytomillionaire 8 ай бұрын

With that attitude? Yes.

@chrismartin-qj9ix 10 ай бұрын

I just finished basic training and I want to invest in a roth tsp, my rough idea was too put 15 percent of every paycheck into it and let it ride through the c fund, I’m 19 and plan on doing at least 20 years In the military, do you have any advice you could give me to make things go smoothly and or better because I am a bit nervous about this whole thing, my future is kinda on the line lmao