The Millionaire Soldier
A military personal finance blog.
Soldiers helping Soldiers
Welcome to the Millionaire Soldier, a military personal finance blog for members of the Armed Forces and their families. I created this website with one goal in mind, helping others within the military community to win with money.
Over a decade ago, I made the choice to become a self-made millionaire by the time I retired from military service. Along the way, I found many naysayers who doubted it was even possible, especially with an Enlisted Soldier’s pay. Their negativity only fed my motivation to keep going.
I assure you, this path is not easy. But, I also assure you that my success is repeatable and can become your success. This personal finance blog is for helping my fellow brothers and sisters in arms overcome their financial hardships with education and a community for encouragement.
No matter where you are financially, there is hope that you can better your self. You can defeat debt, live without worry, plan for your future, finance your child’s education, and live the life you want in retirement. Join in on the conversation today.
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Service Members May Purchase Vision Insurance for Their Families in 2019
Starting on November 12, 2018, Active Duty Family Members and Reserve Members will have access to the Federal Employee Dental and Vision Insurance Program (FEDVIP) for purchasing vision insurance. What does this mean to you? You are able to purchase vision insurance for your family for the 2019 calendar year to obtain additional and more […]
2019 Retirement Account Contribution Limits
The Internal Revenue Service (IRS) has announced the increased limits you can contribute to your retirement accounts starting in 2019. This is great news for those of you who are looking to increase your retirement savings. The last time the IRS updated the retirement contribution limits was in 2013. Changes to the Thrift Savings Plan […]
New to the Military: 5 Financial Tips They Won’t Teach you in Basic Training
Joining the military can be a scary experience. No, not because of the yelling drill sergeants, but for many, this is the first time you are out in the world. As such, you are now responsible for your personal finances. I wish I could tell you that you will be taught everything you need to […]
The Millionaire Soldier mentioned on The Chris Hogan Show!
My journey to discover financial independence may have started about a decade ago, but it wasn’t until I read The Total Money Makeover by Dave Ramsey that I had sound advice and direction on how to get there. Since that time, I have been following the advice from Dave and his team, to include Chris […]
5 Essential Books to Enhance your Financial Literacy
Not all Readers are Leaders, but all Leaders are Readers.-President Harry Truman I was recently giving some financial advice for someone who will be joining the military soon. Part of the advice that I gave this individual, that I also give everyone else, was that to always be reading. Tom Corley once compiled a list […]
Contribution Calculator: What will Your Account be Worth at Retirement?
The personal finance gurus, far and wide, all agree on one thing, you should be contributing 15% of your paycheck into a retirement account. Being in the military is no different. The reason is simple, you will have money socked away for the glorious day you decide to never to work again. Wouldn’t retirement be […]
Stop Eating Your Retirement: How to Become a Millionaire with your Current Income
David Bach, personal finance expert and the author of “Finish Rich” book series, used to provide classes to people on topics related to personal finance. One day, a student told him that his information was useful, but they just had no income even to attempt to save for their retirement. From my own experience, I have […]
3 Ways Homeownership made me Wealthy (and they will work for you too!)
Owning a home is often referred to as the “American Dream.” But in addition to owning your dream home, home ownership is a great investment opportunity. I personally enjoy the benefits of homeownership. Over the last decade, I have taken advantage of the investment opportunity created by real estate. As a member of the military, […]
The Millionaire Janitor: How a Soldier Turned Janitor Became a Multi-Millionaire
Ronald Read was an extraordinary Veteran. He served with honor during World War II with assignments in North Africa, Italy, and the Pacific. But, it was not his military service that made him extraordinary. After the war, Read worked at a gas station for 25 years and eventually became a janitor at JCPenny. Like the […]
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The purpose of this blog is to help those who serve become more proficient with their finances. If you have a particular topic you would like to know more about, or maybe you have something for the good of the community. Please let us know so we can help everyone grow.