DiscoverBiggerPockets Money Podcast337: College is NOT for EVERYONE: Joining the Military & Become Financially Free
337: College is NOT for EVERYONE: Joining the Military & Become Financially Free

337: College is NOT for EVERYONE: Joining the Military & Become Financially Free

Update: 2022-09-192
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College isn’t the only option after high school. In fact, it’s not even the best option. Typically, twenty-two-year-olds fresh out of college are launched into the workforce with a lot of debt and little life experience. So how do you enter the workforce debt-free with life experienceJoin the military.

Today’s guest, David Pere, is a financially free veteran with 100 rental units, all thanks to his time in the military. He enlisted fresh out of high school in 2008. While he did the usual “stupid young guy stuff” for a few years, once he read Rich Dad Poor Dad in 2015, he decided to get serious about financial freedom. After thirteen years of active duty, in 2021 he was honorably discharged with a net worth of a million dollars.

The military offers various benefits, from the ability to learn trades to getting life experience to its financial advantages. As a service member, you are in an ideal position to become financially free. Your housing and food get paid for, and you have access to government-backed savings plans and loans. You also get tuition assistance for yourself and your family. With all the support and benefits the military provides, you can start building the life you always dreamed of straight out of high school.

 

In This Episode We Cover

Why the military may be the best option straight out of high school

The various opportunities to start a career through the military

The GI Bill vs. tuition assistance and how to make sure you qualify

The tangible and intangible skills you learn in the military and how they translate into the workforce

The VA Loan, qualifications, and how to get rich with it via house hacks

The TSP and the SDP and how to use them to grow your wealth faster

And So Much More!


Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Mindy's Twitter

David on BiggerPockets

David’s Site From Military to Millionaire

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Subscribe to The “On The Market” YouTube Channel

Listen to The “On The Market” Podcast: SpotifyApple PodcastsBiggerPockets

Check Out Mindy’s 2022 Live Spending Tracker and Budget

The (Almost) Guaranteed Way to 31x Your Investments

DIY Your Way to FI with Tinian Crawford


Click here to check the full show notes: https://www.biggerpockets.com/blog/money-337


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337: College is NOT for EVERYONE: Joining the Military & Become Financially Free

337: College is NOT for EVERYONE: Joining the Military & Become Financially Free