The goal of this blog is to provide actionable, relevant, and applicable personal finance information to members of the military community. While the general themes should be universally applicable, this blog is uniquely tailored to inform military members of service-connected benefits to leverage during the journey to financial independence. Most are aware that at 20 years of active military service, eligible retirees can can receive a lifetime pension, set as a percentage of your base pay at the time of retirement. However, this blog will illustrate a conservative approach that enables early financial independence aside from (or before) eligible military retirement. There are no get rich quick schemes, although I do recommend that up to 1% of your net worth be placed in high-yield/risk categories if there’s a particular asset class you’re interested in (crypto currency!) and have an appetite for rapid, and high-magnitude, fluctuations in value.
Lastly, this blog aims to dispel the rumor that a career of service to the nation cannot also be financially advantageous; the two are not mutually exclusive. While the name of this blog is likely misleading – the goal of service to our nation isn’t, and shouldn’t be, about money – it is an important part of our profession to share information that enables us to be good stewards of military paychecks, leveraging the benefits which we are afforded. There is a knowledge/training gap in the military community regarding personal financial management, and military members shouldn’t need an MBA to posture their families for financial success. For more information, see the “Intro” blog post. Feel free to subscribe or contact me for questions at any time!
Military Million is comprised of my personal experiences, lessons-learned, and opinions on personal finance; it serves to document my financial independence (FI) journey, and should be read as information and education, not financial advice. Military Million is an active-duty Soldier, not a financial advisor, and you should not make any financial decisions without doing your own due diligence or consulting an advisor if you need to.
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