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by Ted E.
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- Mar 2, 20251h 4m
035 Budget Problems Solved: Introducing The iCASH System
Trick question (or is it?): what's the first step in budgeting? If you said "put down your income," or "list my regular expenses from biggest to smallest," you're 100 percent WRONG. No effective Personal Financial Plan or budget can start this way, because it's ignoring what's important to you. There's no goal or road map for it. You're just writing down a bunch of numbers and tracking them each month. The only way you will ever be able to Take Control of Your Finances and accomplish your financial goals requires you start with your own personal Mission Statement. You know, just like a standard CONOP in the military! You've got to have a clear picture of your PURPOSE for doing this in the first place, and the only way to know that is through a goal-setting process. The Military Wealth Coach's iCASH System™ solves this most common budget problem by starting with a goal-setting process: "Identify Dreams and Goals." By starting here, you'll see that the things you dream of, the things and experiences you really, really want to have someday, are going to cost money -- and to have enough, you have to start saving now. iCASH™ transforms budgets from a system to cut back or deprive yourself of things you want now into a SMART savings plan that will help you afford all the major things you want in life! Tune in this week to learn how to get started with iCASH™, then head over to our blog for more including downloadable worksheets that you can use to follow along. Better yet, set up a call with The Military Wealth Coach and we'll help you get started today! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
- Feb 23, 20251h 6m
034 Why Budgeting Fails and Budgets Suck
It's a real shame: budgets and budgeting apps are designed to fail. They just tell you the fun and rewarding things that you're not allowed to do! Life's too short not to enjoy it. But since there's a Future You that will want a new car, to buy your first house, to travel the world, go back to school -- not to mention that you've got a 50-50 shot at living to be 100 and you don't want to work for the next 75 years and actually want to retire -- you need to save money. Lots of it. In this week's episode we explain why the typical budget based on denial and cutting back is the exact opposite of what you need, and instead offer up our approach that starts by dreaming of the things that really make you happy, then "buying" them one month at a time. So you can't actually buy a house $500 per month for three years -- but you also can't spontaneously save $20,000 three years from now when it's finally time to buy a home for your new family. You'll learn how managing your money has to be the same as how you improve your run time, pull-ups, push-ups, or sit-ups to achieve your goal for your next Fitness Test in the military. Set a goal months or years in the future, then work every day towards it, celebrating small successes along the way, while still enjoying a couple beers or pizza along the way. Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
- Feb 16, 202556 min
033 Military Families in Financial Crisis
America's military families are in trouble: --74% can't afford their housing costs on BAH alone --76% state they need more money to make ends meet --76% say they need their spouse to work to make ends meet --57% of them are single-income households There's no denying it: the military lifestyle is hard. But this isn't 2005, and it doesn't have to be. 3 out of 4 military families report financial distress, from housing costs, to covering monthly expenses, to child care, to saving enough to become homeowners or for retirement. And yet military families are also living in a historical vortex in which they still believe they can get by with a single income and a stay-at-home partner to take care of the house and kids. But 3 out of 4 of us say they need their partners to work just to get by. The numbers just don't add up. This week's episode is a strong Call To Action (CTA) to our military leaders -- not the ones in the pentagon, but the ones on the front lines, from E4s and O1s to E8s and O5s, to start educating the Force and our military families on how to become Financially Stable . . . Financially Able . . . and ultimately Financially Free. It is all within your grasp. When 1 of every 2 military divorces cite financial hardship as the main reason for the breakup; when 1 in 2 military suicides is traced by to financial stress, it becomes clear that WE CANNOT AFFORD to avoid financial education in the military any longer. This week's episode discusses the problems, their causes, and some easily actionable solutions to help our military families escape from financial traps. But you can't just listen to the Podcast: once you listen, you'll need to act. Help us all out, by helping those in your charge. Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
- Feb 9, 20251h 6m
032 Can You Be Military and Actually Afford a Home in 2025?
If you only read the headlines, you'd believe that there's no way you can ever become a homeowner and check off the biggest "to-do" on your way to achieving the American Dream. After all, as we roll into 2025 the average (median) home price in the U.S. stands at $410,000: at 7% interest rates, that results in a monthly mortgage payment of $2,700 IF you make a 20% down payment -- and nearly $3,300 if you use a zero-down VA Loan. That does make it feel out of reach. In fact, the average American household has to save for 5-13 years depending on their state to make the down payment on an "average" house. But what is "average", and do you need it? The reality is the typical Starter Home -- 3 beds, 2 baths, and around 1,500 square feet -- costs $200,000. The monthly mortgage payment on that is less than any BAH entitlement at any duty location, including for E-1s! As it turns out, you can do this! In this week's episode we don't just offer encouragement: we breakdown homebuying on a military budget into the numbers. You'll learn about the Rule of 30 and how it helps you budget to buy a home, and you'll learn about how to compare the trade-off between renting and buying. We even go so far as to walk through a case study of how buying a $250,000 single family home in a military town, living in it for one tour, then renting it out to other military families for just 5 more years can make you $100,000! When done using the VA Loan, this can yield you an annualized ROI of 30% -- triple what your stock investments can earn. If you want to boost your Financial IQ™ and become a Military Real Estate Mogul, grab something to write on and something to write with, and dive into this week's episode! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
- Feb 2, 20251h 5m
031 Real Estate 101, Part 7 -- How Real Estate Makes You Money
It's crazy: there are still people out there who think you can't make money in real estate! The reality is that real estate offers so many different ways to make money that it is a far superior asset class to anything else out there. Want to make money on your stock portfolio? You have TWO ways to make money: appreciation and dividends. But what about real estate . . . In real estate investing, the typical investor can make money FIVE different ways. Sounds pretty great, right? Well, if you're in the military, it gets even better, because in the military you're looking at at least 6 ways that real estate will make you money. When it comes to building wealth, if you're in the military investing in real estate is a no-brainer (which works out perfectly for most of us, because that's what we are, haha!!!). In this week's episode we discuss how you make money on real estate with the purchase and not the sale (sounds crazy, right?), and we go down the checklist of how you make money in real estate. It just so happens that there are at least 6-7 ways that you will build wealth and achieve your goals of financial freedom through real estate investing while in the military -- so why wait? Tune in, grab your ink stick and Rite-in-the-Rain notebook, and tune in today! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
- Jan 30, 20251h 12m
030 Stock Market: Bubble or Not, What You Can Do to Protect Your Investments
Believe it or not, no one can predict what will happen with the stock market -- or with individual stocks. In fact, on a daily basis, there's a 53% chance a stock will go up and a 47% chance it will go down: hardly any better than a coin flip. So when the headlines are calling for Doom and Gloom, talking about "bubbles", and predicting a crash, it's no more reliable than your own guess. But you want to know, right? The reality is that you can't know, which can be a pretty terrifying thought. What happens if the market crashes? Will I lose all my investments? Will I still be able to retire? How can I protect myself? More sobering than the fact that stock price movements are random and no one can predict the market is the reality that there are several things you CAN DO to protect your investments, but no one ever talks about them or teaches you. Big banks, investment houses, pensions, and hedge funds all do these things, and that's why when the market crashes or a "bubble" pops, they are just fine -- but folks like you and me take it on the chin. This week we talk about the current state of the market post-DeepSeek launch, evaluate things like P/E ratio and market concentration amongst the S&P 500 and the Magnificent 7, and make some informed predictions about the state (and future) of the stock market. We also talk about three things you can, should, and maybe ought to do to protect your portfolio and your investments. (Hint: these are the things the ultra rich do with their money, that you don't know about, but that you can absolutely do, too!) So plug in, sit back, and grab an ink stick and something to write on, and get ready to take notes, because this week's episode is full of fascinating market facts -- and things you can do today to take action and take control of your money and your financial future! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
- Jan 27, 20251h 11m
029 Real Estate 101, Part 6 -- Your Millionaire Real Estate Campaign Plan
Just like working up for a deployment, at some point all the training just seems to come together and make sense. You memorized all the technical jargon in your Field Manual (FM), and know the Tactics, Techniques, and Procedures (TTPs) to apply the "tools in your toolbox" in a real mission setting. That's what this episode is all about -- but for real estate! Whether you've been in for 2 years or 20, are 25 or 52, and own 0 or 10 houses, the strategies and hacks you'll learn in this episode will help you create your own "campaign plan" for real estate. You'll learn about how long to hold onto a property before selling, ways to determine whether to sell or not, and how to use your VA loan smartly -- and how to reload it when you need it. You'll also learn the secrets of the IRS Code that will help you save $100,000s in taxes over the course of your lifetime. Just as you can't simply draw a rifle and Night Vision Goggles (NVGs) from the armory and step across the Line of Departure and expect to win a firefight, you can't step off into the world of real estate and Real Estate Investing (REI) without a plan! This episode creates a plan (or OPORD shell) that is optimized for a 20-year timeline -- but works both in and out of the military, so it will be just as useful to veterans and family members as it is to anyone still in uniform! In fact, you can use it 2-3 times in a lifetime to accrue millions in wealth! Grab your ink stick and notebook, plug in, sit back, and get your learn on! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
- Dec 15, 20241h 8m
028 Real Estate 101, Part 5 -- The VA Loan, Your Tactical NUKE!!!
Finally, it's here . . . drumroll please . . . The Authoritative Guide to the VA Loan. If you think you already know all you need to know about the VA Loan, we guarantee that by the end of today's show you will have found several reasons to pick up your Green Notebook and a pen and write down some notes with the "golden nuggets" we introduced. From explaining why the VA Guaranty will always automatically get you a better interest rate, to walking through how to safeguard your Earnest Money Deposit with the totally legal "VA Escape Clause" written into every offer and sales contract, you'll become a more savvy home-buyer. But what's more, you'll learn about the different kinds of VA Loans that can unlock amazing opportunities, such as the: Energy Efficient Investment VA Loan Construction Loan Interest Rate Reduction Refinance Loan from the VA Joint VA Loans Cash-out Refinance VA Loan Jumbo Loan And of course, much, much more. In fact, we even go over an example of how two single service members could combine their VA Loan eligibility to jointly invest in a multi-million dollar, multi-family property that has the potential to provide enough rental income to double the take-home pay of an average O-1 or E-6. We think that by the end of today's episode you will walk away not just with the knowledge and confidence to start buying property with your VA loan today, but the belief that you can't afford NOT to. So grab your ink stick and notebook, plug in, sit back, and get your learn on! Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE! Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
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About Service and Wealth
Welcome to "Service and Wealth" with the Military Wealth Coach! Dive into military budgeting tips, investing for military personnel, and financial planning for military families. Unlock strategies for military savings, debt management, and retirement planning. Take back control over your money, and Master Military Finance with us today!
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