***Disclaimer: this is my path to long-term wealth, but financial planning is a personal affair unique to every situation. This plan worked for me, but feel free to adapt it to your own unique situation. Remember, this is a way to financial independence, not the only way.***
The MilitaryMoney.US Path to Financial Independence
Phase 1: Stop the Bleeding
- Define Your Purpose: Why Do You Want Financial Independence?
- Credit Card Debt? Stop Spending!
- Free Money: Enroll in the Thrift Savings Program (TSP)
- Start an Emergency Fund
- Don’t Take Out New Consumer Loans
Phase 2: Stabilize the Situation
Phase 3: Grow and Thrive
- Take Advantage of the Three Pillars of Military Retirement: Traditional TSP, Roth TSP, and Pension
- Increase Your Earning Potential As a Veteran: Get a Degree
- Build Wealth with Military Real Estate
