Sep 16 2024 37 mins 10
$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 [email protected].
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.
