The Military Money Manual Podcast

De: Spencer Reese from MilitaryMoneyManual.com
  • Resumen

  • Military Money Manual Podcast is all about financial freedom while you serve in the US military. Learn more about military travel hacking and credit card annual fee waivers exclusively for active duty, Guard, Reserve, and military spouses in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 Find Spencer's book, The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or shop.militarymoneymanual.com Credit cards, travel hacking, investing in the TSP, financial independence, retiring early, military FIRE, maximizing military pay: Jamie and Spencer cover it all. Your hosts are Spencer Reese and Jamie. Spencer served for 12 years in the US Air Force flying C-17 aircraft around the globe. Jamie is currently an active duty Air Force officer.
    Copyright Spencer Reese
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Episodios
  • DCFSA | Dependent Care Flexible Spending Account for Military | Possible $5,000 Tax Benefit | With Brandon Lovingier, the Enlisted Money Guy #143
    Sep 30 2024
    Dependent care flexible spending account- is it even worth your time? (note: this is different than the HEALTHCARE FSA which was announced in Sept 2024- we have an episode coming out on that in a few weeks) Open season is coming up in mid-November to mid-December! For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call. We are publishing this episode now so you can think about it and prepare for open enrollment season coming up in mid November! A Dependent Care Flexible Spending Account (DCFSA) allows up to $5,000 of pre-tax earnings per household, per year for eligible dependent care expenses. If you have dependents, you're married, your spouse is working or going to school, and you have dependent care expenses, the DCFSA may be for you. Highlights of today include: Basics of the DCFSA and what it can be used forHow to decide if it's right for youAmount of contributions allowed and how to use it each calendar yearHow to enroll during the open season or after a qualifying life eventComparison to the existing tax credits and other childcare program/subsidiesWhat types of dependent care expenses would apply Links: EnlistedMoney.com http://enlistedmoney.com/Brandon's DCFSA article https://enlistedmoney.com/dependent-care-flexible-spending-account-dcfsa/FSA Feds https://fsafeds.com/explore/dcfsaFSA Feds Calculator https://fsafeds.com/support/savingscalculators/dcfsaFinancial Readiness (FINRED) Resources https://finred.usalearning.gov/DCFSAFind a Personal Financial Counselor for Free Near You https://finred.usalearning.gov/pfcMapEnlistedMoneyGuy on Instagram https://www.instagram.com/enlistedmoneyguy/ Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE! If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com. If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.
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    18 m
  • Amex Pop-Up Jail, TSP Contributions, Combining Accounts, Low Fee Investments: Reader Question & Answers #142
    Sep 23 2024

    In this mailbag episode, Spencer and Jamie answer various listener questions about investing, credit cards, and military-specific financial topics. They provide insights on compound growth, TSP options, Roth vs. Traditional accounts, credit card strategies, and investment return estimates.

    Questions discussed:
    - Is there a benefit to combining multiple investment accounts?
    - Should I move out of TSP for lower fee investments?
    - How do I choose investments for a spouse's 401(k)?
    - Is contributing 6% to TSP good for an E4?
    - Are there ways around Amex family restrictions for credit card bonuses?
    - Are traditional reservists eligible for annual fee waived cards?
    - What are go-to cards for regular spending while stationed overseas?
    - How do I get out of Amex pop-up jail?
    - What happens to fee waivers after separating from active duty?
    - How should I estimate returns for my investment portfolio?

    Resources mentioned:
    - MLA (Military Lending Act) database
    - Chase Sapphire Reserve
    - Amex Platinum, Gold, and Green cards
    - Hilton Honors Aspire card
    - Vanguard funds (VTI, VXUS)
    - TSP funds (C, S, I)
    - Personal Capital (now Empower)
    - Kubera.com
    - Investor.gov compound interest calculator

    For a limited time, Spencer is offering one-on-one Military Money Mentor sessions! Get your personal military money and investing questions answered in a confidential coaching call.

    Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

    If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com.

    If you want to maximize your military paycheck, check out Spencer's 5-star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

    I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

    The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.

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    59 m
  • Air Force Pilot: Buying Multiple Homes on Active Duty, Building Wealth, Teaching Financial Habits to Your Troops with Garrison #141
    Sep 16 2024

    $85,000 in debt and a brand new truck to a wealthy and generous life?!

    In this episode, Air Force officer Garrison shares his financial journey from $85,000 in debt to working towards financial independence. He discusses following Dave Ramsey's Baby Steps, buying a home in the military, running a crash pad rental business, and helping his Airmen with financial education. Spencer and Jamie explore Garrison's experiences with budgeting, investing, and balancing financial goals with personal passions like Disney vacations.

    Topics:

    • Opting into the Blended Retirement System (BRS)?
    • How did Garrison start his financial journey as a young officer?
    • What sacrifices did Garrison make to pay off debt?
    • Is buying a house in the military a good idea?
    • How does Garrison's crash pad rental business work?
    • How does Garrison help his Airmen with financial education?
    • How does Garrison balance financial goals with personal spending?

    Resources mentioned:

    • Dave Ramsey's Financial Peace University (military discount)
    • The Military Money Manual book
    • TSP Course Spencer and Jamie created (promo code below)
    • Monarch Money app
    • Rich Dad Poor Dad book
    • Our podcast episode about the Baby Steps

    For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call.

    Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

    If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com.

    If you want to maximize your military paycheck, check out Spencer's 5-star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

    I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

    The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.

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    37 m

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unparalleled military financial mentorship

How great is it that Spencer and his guests offer free, expert financial mentorship to over one million Department of Defense military servicemembers? This Podcast series is assigned listening for all of my Soldiers.

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Best podcast for military personal finance

I love listening to the podcast! They cover so many important topics and encourage my journey towards financial independence and having options after the military! Everything from insurance and TSP to military benefits like free credit cards and travel hacking

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Good info

Great information! I either learn something or reaffirm my financial independence strategy every episode.

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