This lady is getting it done!
Rachel is in the military, and she's already in great financial shape. She asks Dave and his guest, Chris Hogan, how to continue investing once she leaves the service.
QUESTION: Rachel is in the military, and she's already in great shape financially. She asks Dave and his guest, Chris Hogan, about investing once she's no longer in the service.
ANSWER: You’re in a tremendous position financially and career-wise. You’ve got a great future ahead of you as a pilot in the military and after, plus you’ve followed my plan item by item. You’ve got so many options!
I hope you’ve already taken advantage of the TSP, or Thrift Savings Plan, which is kind of the military version of the 401(k). For wealth building beyond that, I’d get with a good investment pro—one with the heart of a teacher—and dive into some growth stock mutual funds. You could have a lot of money piled up just by the end of your military career. You may even be able to buy a nice home with cash when you leave the service. You might even be able to settle into some real estate and pay cash for those investments.
Congratulations on setting yourself up for a wonderful life, Rachel!