004 Balancing Act: Building Wealth AND Enjoying Your Life

This week we bring our story full circle and explain how following the Military 40:40:20 Rule for budgeting that you learned in our first episode can with a simple financial plan achieve Financial Freedom in just a single 20-year working (military OR combination military + civilian) career. You'll learn how how you can secure a $2.5 million Thrift Savings Plan balance for retirement at a cost of only about $575 per month -- and how the additional savings put in the right places will grow to $1 million or more by the time of your 43rd birthday. We discuss how maxing out your TSP ($23,000 per year in 2024!) is just as unbalanced and out of whack as is saving $0, and point out that while literally half of the military doesn't even make enough money to max-out their TSP, 100% of Americans in uniform can afford to save $575 a month! For a limited time, the first 100 subscribers to pre-order our mini-course, "Financial Freedom in the Military" will get FREE access to the course when it launches (coming in JULY)!!! 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.