BiggerPockets Money Podcast 337: College is NOT for EVERYONE: Joining the Military & Become Financially Free
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 experience? Join 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
Finance Review Guest Onboarding
David’s Site From Military to Millionaire
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Click here to check the full show notes: https://www.biggerpockets.com/blog/money-337
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