The Secret To Building Wealth in The Military Ebook PDF

Revised by: Caty Culp & Makenna Gott
Copyright © 2019 by Kyle Gott & Gott Love LLC
All rights reserved. This book or any portion thereof may not be reproduced or
used in any manner whatsoever without the express written permission of the
publisher except for the use of brief quotations in a book review.
Published by Gott Love LLC

Las Vegas, Nevada
www.KyleGott.com & www.GottLoveYouTube.com

Table of Contents
1. Introduction
2. TSP Investing
3. Have an Emergency Fund
4. Have a Savings Account
5. Live Within your Means
6. Pay Off Debt ASAP
7. Invest Smart
8. Spend for your Future

About Myself
My name is Kyle Gott, I was born on May 30th 1991 and I

completed a 6 year enlistment in the Air Force in 2018. My career field was
2A7X3 Aircraft Structural Maintenance. I’m mostly known for my YouTube
Channel “Kyle Gott” where I documented my journey of joining the United
States Air Force. I started back when I went to MEPS in 2012 and have
continued until this very day.
One of my biggest passions in life is helping others. I want to help as

many people as I can achieve their goals and dreams. I started my YouTube
channel to answer questions that I had but couldn't find answers for. I
knew that if I had certain questions, others probably did too. Little did I
know, by 2019, over 165,000 people would have subscribed to my YouTube
channel. Who would have thought that after six years of answering
questions, 165,000 other people had the same questions?
This book showcases what I’ve learned throughout my life and my

service in the Air Force from a financial perspective. I’ve made dozens of
mistakes over the last seven years that go into building long term wealth

and I want to help you guys do a better job than I did. This is very similar to
my YouTube channel. I didn’t know the answers to a lot of things about
military life, so when I found the answers, I shared them with you guys to
help you have a better understanding of things.
As is the case with many things in life, sometimes things go wrong.

I’ve made a lot of mistakes in life, but making mistakes is arguably the best
way to learn anything in life--including financial decisions.
I want to help others be the best version of themselves. If you

appreciate this book, be sure to let me know on my social media. I would
love to hear your thoughts and even get updates from you throughout your
military journey on how this book has helped you. Thank you so much for
supporting me and my future dreams. Remember, if you ever feel like no
one else believes in your dreams or goals, just know that I have been in
your shoes when no one believed in me. I believe in you, and you can do it!

1.Introduction
When it comes to the military, one of the biggest reasons people

join is to have a job with a steady paycheck. The military definitely allows
for a steady paycheck, and the pay isn’t that bad either. Could it be better?
Of course! But many complaints come from people who aren’t being smart
with their money. This eBook is intended to give you guidance on how to
build your wealth while serving in the military. But building wealth in the
military is not guaranteed just by reading this book. You must have
discipline and dedication during your service to build your wealth.
Everyone has different circumstances and financial backgrounds when they
join, so this book is meant to be a general guide. As long as your intention
is the same, many adjustments can be made to this guide to fit your
personal lifestyle, and still allow you to build long term wealth.
So, how much money do you make in the military? Well, that
depends on how long you’ve been in and what rank you are. For the
purpose of this eBook, I’m going to use the example of an E-2. This will be
rough estimates due to the fact that things are always changing over time,
and the different branches may have slight variances. Most people join as
an E-1 or E-3, you can adjust what I say to fit your circumstance. If you join
as an E-1, money will be a little tighter and you’ll need to have more
discipline in the beginning. If you join as an E-3, you’ll have more money,

but instead of spending the excess like many of your peers, I suggest you
use it to build your long term wealth.
When you join the military, you’ll get your first paycheck roughly
1-3 weeks after you arrive at Basic Military Training (BMT, or “Boot Camp”
in other branches). When you receive that first paycheck depends on
where in the paycycle you are when you arrive at BMT. In the military, we
get paid on the 1st and 15th of each month. Before you join, make sure you
have a checking and savings account set up with a bank. I prefer a
nationwide bank over a community bank because they are better for
customer service while traveling. However, I joined the Air Force using a
community bank and did so for the first 2 years. So if you already use a
community bank and like it, that is perfectly fine to stick with them. When
you join, your recruiter will have you fill out paperwork to set up direct
deposit for when you start getting paid. With direct deposit, your
paychecks will go straight into your account, rather than requiring the
manual deposit of physical checks.
Getting Paid at BMT

An E-2 in the military during basic training will be making roughly
$650 on both the 1st and 15th of each month. If you are married, you’ll be
getting more every paycheck because you’ll get Family Separation
Allowance (FSA) every month, as well as Basic Allowance for Housing (BAH)
for your family. The amount paid in BAH depends specifically on where
your family is located (here is the website to calculate BAH:
https://militarybenefits.info/bah-calculator/). Every city in the United
States and all overseas locations all have different housing allowance rates.
As a rough estimate, I’ll give the example of $1,200 per month additional
for married Airmen. Family Separation Allowance (FSA) is $250 per month.
With this situation a married E-2 at BMT would be making roughly $1,400
on the 1st and the 15th. This might seem unfair to a single Airman, however,
as a single Airman, you only have to worry about yourself at BMT, and you
won’t be spending any money. But for married Airmen, they have to still
provide for their spouse and family, even when they’re away at BMT.
So, what do you do with the money you’re making while at BMT?
Well, if you’re married, you should make sure your family is taken care of.
If you’re single, hopefully you don’t have any bills other than a cell phone
bill, which allows you to have the ability to save quite a bit of money during
your time at BMT. Depending on your financial obligations and expenses
while in BMT, you will be able to save roughly $1,500-$2,200. I highly
advise not spending all your money before you leave for the military either.
Start saving up well before you join. Since this book is dedicated on how to
build your wealth while serving, I’m not going to go into detail on saving
before you join since everyone has a different situation financially before
joining. I’ll just leave you with this bit of advice. Before joining, try
savinging a set amount each month. whether that be $50/month or
$300/month. Whatever you can afford to set aside in a savings account and
let grow. Do it. You’ll never regret having an emergency fund if something
comes up and you need money.

Getting Paid at Tech School
After you graduate from BMT, you go to tech school. Tech school is
the next step in military training when you learn how to do your specific
job in the military. While you’re there, you won’t have to pay for housing
because you’ll be in the dorms. You will have access to three to four meals
per day that are free. Yes, you will now have a few thousand dollars saved
from your time at BMT, but don’t fall into the trap of eating out every day.
If you eat out every day, you aren’t saving money! Eat the free food while
you’re in tech school all week. Going out to eat on the weekends is
understandable. But going out to eat during the week is just financially
irresponsible. Get creative so you don’t get bored of the food. Do whatever
you have to so you can enjoy the free food and save your money! I used to
use different sauces for sandwiches and burgers every few days so I
wouldn’t get burnt out from eating the same thing. The only bills you’ll
likely need to pay for during your time in tech school is for your cell phone
and internet service, if you choose to get that in your room. Those two
bills combined, you’re looking at maybe $150-$200 per month, max. If you
have a car payment, your bills will be higher, so this is something to keep in
mind. Now, if you have a family, your bills are going to be more. But you’ll
still be getting BAH and FSA, so you should be able to save just as much as
the single Airmen if you and your family can be disciplined. Now, when
you’re in tech school, you’re going to want to go out and have fun. Create a
budget for this; tell yourself how much you’re going to spend each month

and don’t let yourself go over. Also, with your money that is already in your
savings account, let it sit there! Don’t touch it!
Throughout your entire time at tech school, you’ll be making

roughly $600 on the 1st and the 15th of each month. If you have phone and
internet bills that are about $200 total, that leaves you with $1,000 per
month. If you have car payment or anything else, it’ll be eating into that
money. I personally don’t suggest going to BMT with a car payment unless
you’re married. If you’re married, you want to make sure your family has a
good car while you’re away, so a car payment may be understandable in
this circumstance. But as a single Airman, paying for a vehicle you aren’t
driving (unless your friends or family bring it to you at tech school,) doesn’t
make sense, and you might not even be able to take it to your first base
depending on where you go. Some vehicles aren’t allowed in certain
countries. In most cases, going to your first base with a car already is more
of a hassle than it’s worth. If you can sell your vehicle before BMT and buy
a cheap, reliable car at your first base, that is my suggestion.
For simplicity’s sake, let’s take the example of an E-2 with only
phone and internet bills. If your circumstances are different, you can adjust
accordingly. After your bills, you’ll you have your $1,000 per month. You
want to go out most weekends and try some of the restaurants, or go to
the movies, so you can set a budget for whatever you feel comfortable.
Let’s assume you budget $100 per weekend for this example. This may
seem like a lot, but if you go out to eat Saturday and Sunday, that’s going
to add up fast. So make sure your budget is doable for yourself. Long term
success comes from short term sacrifices. The person who never goes out
during tech school can save the most money. But I don’t suggest never
going out, because you need to live a little every once in a while. Make sure
you find a good balance for you. Once you add in your monthly “going out”
fund, you’ll have roughly $600 per month left. Put away 10-20% of each
paycheck in savings, and never touch it. Each paycheck is roughly $600, and
20% of this is $120. If you managed to put 20% of each paycheck into your
savings account, you’ll be able to put about $240 into savings per month.
This leaves $360 at the end of the month. The goal should be to have as
much as possible left over each month while still doing what you want.
Don’t ball out while you’re in tech school! Ball out when you’re financially
stable! People try to look cool when they are young and it cost them later
on in life. Wouldn’t you rather be driving your dream car 15 years from
now and have paid it off in cash rather than driving a cool car in your 20’s
and pay a ton monthly for it? A lot of people treat themselves too young in
life and get used to living with monthly bills. If you start telling yourself it’s
okay to have everything you want and drown in monthly payments. you’ll
live your whole life like that. But if you tell yourself you want to avoid
monthly payments and only buy stuff when you can truly afford it. You’ll be
much better of 10 years from now driving the car you want and owing
nothing on it vs the person who has always had a car they want but they
are still paying $450/month for it when they are 35. If you only have a few
thousand dollars to your name, you truly can’t afford to blow money
carelessly. All your purchases need to have a good reason as to why you’re
buying something. Life isn’t a sprint. Set yourself up for the long term game
so you can have everything you want and actually own it instead of having
whatever you want your whole life but you’re always paying the bank for it.
If your tech school is around four months long (this tends to be the
average tech school length, but look up your job on www.airforce.com to
find out your specific tech school length), if you are putting away 20% in
savings, along with your BMT money, you’ll have around $3,000 in savings
and hopefully over $1,000 in your checking account if you kept letting your
leftover money roll over without spending it all. This situation is if you
joined the Air Force with no money in your account. If you had saved
before joining you’ll be even better off. This is why saving up before BMT is
a great idea. You can have roughly $3,000 in your bank account just from
the military when you arrive at your first base. If you had saved several
thousand before joining, you would be even more comfortable financially.
Getting Paid at your First Base

Once you arrive at your first base, you’ll be getting paid roughly the
same as you were in tech school. If you get stationed overseas, you’ll get
COLA (Cost of Living Allowance) which is to offset the cost of living at that
location. For an overseas location, it may be around $200 extra each
month, but this varies each month. While I was in Japan, it was roughly
$200 when I first arrived, and a year later, I was making over $450 per
month in COLA. This is because the Yen had gotten stronger and the dollar
was getting weaker, so it was getting more expensive for us to live in Japan,
so we were paid more money to make up for the difference. You’re
probably thinking, “Wow, I didn’t realize that there were so many different
scenarios for getting paid in the military.” Well, the truth is, there really
isn’t one single answer for everything in the military. Everyone is going to
have a very unique experience which makes giving blanket military advice
very difficult. Everyone has different circumstances, so keep in mind that
this is a general guide, and you need to make wise calculations and asses

your income and expenses monthly. The best way to ensure financial
success is to have a plan!
At your first base, if you’re stateside, you’ll be making roughly the
same $600 every 2 weeks if you’re an E-2. An E-1 will be making slightly
less, and an E-3 will be making slightly more. At your first base, you’ll need
to get a vehicle. I’ve always been a fan of cheap cars. Like I said earlier,
don’t ball out! When you’re only making $1,200 a month you don’t need to
be driving a $25,000+ car. Yes, you may be able to “afford” the payments
each month, but it will take you forever to pay off. The goal is to be debt
free ASAP and start building your personal wealth! Something else to keep
in mind is that you might not have any established credit, or good credit.
Buying a car without credit, or with poor credit, will likely land you in a loan
with a terrible interest rate. Don’t get fooled. Car dealerships will often
make buying a car seem like a good deal, even with a poor interest rate, by
stretching the loan out over time and lowering the payments. This means
you’ll actually be paying more for the same car in the long run. Find
yourself a cheap, fuel efficient car that you feel you can trust. If you need
to get a loan, get a loan. But make sure you’re being reasonable. Don’t get
more than you need at the moment. It doesn’t matter if you have a nice car
if you’re monetarily broke for the next 6 years. Cars depreciate in value,
meaning it loses value over time. Buy your dream car in your early 20’s will
only turn it into a money pit for you where you’ll always owe more than it’s
worth.
So now that you’ve picked up a vehicle at your first base (that you
may be making payments on), You’ll have car insurance, you have internet,
you have a phone bill, and possibly a few other minor bills like Netflix or
Spotify. Here is a little advice I would like to share with you. Buy

subscription services wisely. Here is a breakdown of different subscriptions
that people commonly have and what their uses are.
monthly cost Features
YouTube 11.99 - Ad-free videos

Premium - $6.60 gets divided up to the creators you watch
(you aren’t just paying YouTube, you’re paying
creators you watch too)
- Play videos in the background
- Download videos for offline use
- Access to all YouTube Originals content
Amazon Prime 12.99 - Free 2 day delivery

- Prime video TV Shows and movies
- Prime Music with 2 million songs
- Prime Photos storage
- several other little features
Amazon Music 9.99 - 10 million+ songs

Unlimited 7.99 w/ Prime
Spotify 9.99 - 35 million songs

Premium - listen offline
- ad free music
Netflix 8.99 - 1 screen - TV shows and movies

12.99 - 2 screens
15.99 - 4 screens
Hulu 5.99 w/ads - Tv shows and Movies

11.99 no ads

After you pay all your bills, put around 20% of your money into
savings, and create your “going out” fund, you’ll be looking at roughly $300
left over each month. You might be wondering how you’re supposed to
build wealth with only $300 left over each month. To that, I say this: when
you plant a tree, it starts out as a tiny seed, and it takes years to mature
and grow. This is the exact same situation as saving only a couple hundred
dollars per month. The beginning is the hardest part because you’re the
farthest from your goal. But as long as you continue to follow through and
stay on track, you’ll get there. Sometimes it’s frustrating to grow wealth,
especially in the beginning. You want to see it grow big! But just like a small
tree, if you stop watering and caring for it, it will never grow. You need to
stay focused. It might seem hard to save money, but once you make it a
habit, it becomes easier.
If you join the military as an E-1 or E-2, and didn’t get advanced
promotion to E-3 for signing a 6 year contract, you’ll put on E-3 within a
year of being at your first base, usually. As an E-1, if you tech school was
four months long, you’ll put on E-2 around tech school graduation, and E-3
ten months after that. Because of this, you'll only be dealing with these
“slim pickin paychecks” for your first year and a half in the military. After
two years, you’ll be making roughly $300 more per month than you were in
the beginning. This might not seem like a lot, but if you set yourself up to
pay off debt as fast as possible, and focus on staying out of debt, you’ll be
freeing up that money you used to be spending as well.
As a single Airman, you’ll eventually have the chance to move out of
the dorms and live off base. This can happen within your first year at a
base, or sometimes it can take up to two years of living in the dorms. It all
depends on the base, if there’s a waitlist at the dorms, and your chain of
command. When you get to move out of the dorms, this is where you can
make some serious money. As a single Airman, when you get to move off
base, you’ll start getting Basic Allowance for Subsistence (BAS), which is
essentially your food allowance, you didn’t get this while in the dorms
because they offer you the dining facility for free. That is why it’s so
important to always eat at the dining facility for every meal possible. By not
eating at the dining facility when it’s free is the easiest way to blow ALL
that extra money you have each month. BAS is $369.39 per month. You’ll
also get Basic Allowance for Housing (BAH),and that rate depends on
where you live. Some places can be $600 while other bases can pay up to
$3,000 per month. BAH is determined by the cost of living in a particular
area. A higher BAH doesn’t necessarily mean you will save more money
because, in theory, it will cost more for you to live in that particular area.
Here is my advice: if you aren’t planning on changing bases in the
near future, invest in a home if the market seems healthy. A lot of people
are scared to buy a home, but spend their money on things that have no
real value in the market. Cars don’t grow in value. Homes do in the long
run. The best part about military life is a lot of people rent. So if you end up
buying a home and do get orders to a new base. You can always rent out
your home to another military member or family. By doing this, you’ll now
own an investment property which will help your wealth build largely
overtime. But back to buying a home and living in it. If you’re single or
married, one of the best things you can do is rent out your spare rooms to
make extra income. This is what my wife and I have been doing. Our BAH is
$1,500 per month as an E-5 living in Las Vegas. My mortgage is $1,180. But
we have a roommate who pays us a $400 flat fee per month. We are
essentially paying $780 for our home each month, plus utilities. But the
best part is that we bought our home in October of 2016 at $212,000. Our
home as of May 2019 is worth $281,000. If you buy a home in a healthy
market, and rent out your extra rooms you’ll be able to save money and
still have an investment. If or when you get orders, you can then rent your
home out while you are gone and continue to pay it off, or you can sell
your home and take that extra money with you to your next base. If you
rent a home instead of buying, you can never make a profit. This advice is
only really meant for stateside bases, as you can’t exactly buy a home
overseas.
If you don’t want the responsibility of owning a home, rent out a
room from someone who owns a home to save money if you are single.
There are many people who will rent you a room without you having to put
a lease in your name that can lock you in for months or years at a time. Like
my roommate, paying $400 per month allows him to pocket around $800
of his BAH on top of his base pay and BAS. Now if you are married this
might be a little different. It’s understandable that it might be harder to
find a place to rent just a room from when there are two of you or more if
you have kids. If you truly don’t want to buy a home, which I would
genuinely ask you to consider and research to make sure you are doing
what’s best for your family long term, not just short term. But, you may be
best off renting an apartment over a home. Apartments can have several
amenities like pools, parks, and gyms included. But if you’re looking for
long term wealth, buying a home in a good market is the best idea. Even if
you get overseas orders, you can continue to keep the home and use a
property management company to manage it for you. They will manage
the renters and take 10% or so of the rent paid, depending on the
company. by doing this you can continue to pay off the home while you’re
stationed somewhere else. This is extremely smart if the market is going
up, because you can keep hanging onto the home as the market climbs
until you’re comfortable to sell. For instance, in my situation, our home is
worth $281,000 right now. It should, fingers crossed, keep climbing for the
next several years. Buying a home stateside is one of the smartest things
you can do in the military. The military gives you additional pay to live off
base. Why not use that extra money towards a home that you can sell later
and get that money back and some vs renting where you’ll never get even
a penny of that BAH back. Always have a plan several years out with your
money. It will help ensure you have wealth later on.
The longer you stay in the service, and the more you rank up, the
more you make. A good habit to get into is, instead of spending the extra
money, save it. Currently, as an E-5 who is married and has been in for over
five years, I’m making around $1,900 on the 1st and 15th of each month,
which means I make about $3,800 per month. We have a pool that we pay
someone $125 per month to clean and service. We have to pay our electric
bill, gas bill, utilities, internet, car insurance, and phone bill. These few
items plus our pool total up to around $800 per month. In addition to these
bills, we also have our food bill, gasoline for the cars, and our mortgage. All
of our bills added up cost roughly $2,500 per month. This means that each
month I’ve got an extra $1,300 that I get to decide what to do with. Much
of that I throw into savings and investing. When it comes to managing your
money, if you can get good habits down early in your career, you’ll be able
to maximize your wealth later on.
Now that I’ve talked you through a quick trip of what a 6 year
enlistment can look like financially, I would like to fill you in a little more in
depth on certain items. These items can be applied throughout your
career, and some can be done better the longer you’re in as you make
more money. The more you save early on, the more you’ll have later on. If
I could go back in time and do the things I talk about in this book better, I

would. And that’s why I’m sharing this with you. I hope these tips help you
and your family prosper in life.

2. TSP Investing
For anyone joining the military after January 1, 2018, there have
been some changes to the retirement plan offered by the military. This
new retirement system is called the Blended Retirement System. If taken
full advantage of, the Blended Retirement System is amazing for your
financial future. Compared to the old retirement system, the new Blended
Retirement System has the ability to pay a lot more, if you utilize it
properly.
So, how do you utilize this new retirement system to your
advantage? For starters, actually use the retirement system, and invest in
your TSP (Thrift Savings Plan, which is your retirement fund through the
military). You can choose between Traditional and Roth. I recommend
doing a Roth TSP, but if you want to do the research, feel free to choose
whatever system you think is best for you. I unfortunately didn’t start
investing in my TSP until September of 2016. I missed out on 3.5 years of
investing for my future, which will have a huge effect on the amount of
wealth I could have built. That’s why I’m writing this book. I want to help
you avoid the mistakes I made that will affect my family’s future. I want to
help ensure that you and your family is taken care of in the future.
With the BRS (Blended Retirement System), the military will
contribute 1% of your base pay to your TSP each month. This is free money
they are giving you towards your retirement. So if you never contribute
yourself and just get the 1% for six years, your retirement fund will be
roughly $1,000-$2,000. But it’s a retirement fund, so if you pull your money
out before you turn 65, you’ll be faced with a penalty, and they will take a
portion of it back. I recommend you never pull your money out of your
retirement fund until you reach 65. I know, I know, investing for the future
sounds awful because you can’t touch it for decades to come. But in the
end, you’ll be glad you made the sacrifice! When we all get old and crusty, I
look forward to hearing stories of how this book set you in the right
direction!
Currently, only 19% of people who serve in the Air Force actually do
20 years and fully retire. This may seem crazy and untrue, but reality is,
most of you joining won’t retire. After 5.5 years of service, I went from
feeling the way you did hearing that, to actually seeing it. Roughly 95% of
my BMT flight said they were doing 20 years. After 5.5 years. Around 10 of
the 60 of us have already gotten out, and come January 2019 when those
of us who did six year contracts will either separate or reenlist, I already
know of around 10 more who will be getting out. After six years around
65% of my BMT flight will still be in, when 95% of us said we would do 20
years. From 2019 to 2023, another 10-20 of the people from my BMT flight
will decide to get out. This isn’t bashing the military, this is just the reality
of the situation. The military is a ton of work, and extremely stressful. A lot
of people find better and less stressful jobs that pay more and decide to
get out before 20 years. But this is exactly why the new retirement system
is so amazing. The military gives you free money while you’re serving
towards your retirement, when the old system didn’t do anything for you
unless you actually did the full 20 years in the military. The new system
benefits 100% of people who join, while the old system only benefited the
19% who actually retired!
You might be thinking, “You keep saying it’s amazing, but I don’t
really see how.” Don’t worry! I haven’t told you the best part. If you
contribute a percentage of your base pay to your TSP, the military will
match that percentage up to 5% (once you reach your two year mark in
the military)! For those first two years, whether you contribute or not,
you’ll automatically get 1% put into your retirement by the military. This
means that the first two years of your contract, the military will give you
roughly $500 toward your retirement fund. If you contribute just 1%
yourself (roughly $20 per month, which you won’t even notice leave your
paycheck), you’ll have put $500 in your retirement fund yourself after 2
years. Since the military is also contributing 1% automatically you will be
around $1,000 after 2 years. But there is an even better and faster way to
grow your retirement! If you’re just skimming through this book, let this
next paragraph be the only paragraph you actually read:
In order to maximize your benefits from the retirement system, you
MUST put at least 5% of your base pay towards your TSP. This means that
the first two years of your contract, roughly $95 per month will be
invested, which is around $47 per paycheck. Yes, this means that you’ll be
living with $47 less per paycheck. But remember: “short term sacrifices
equal long term gains.” The military will contribute 1% (toward your
retirement themselves) for two years, which will be around $500. If you
contributed 5% of your base pay for the first two years, you’ll have added
around $2,300 to your TSP yourself. This $2,300 plus the original $500
contribution gives you a total of $2,800 in your TSP after just two years!
After your first two years, the military will start matching your
contribution up to 5%. This is essentially free money being offered by the
military to be used toward your retirement. After two years, if you’re
contributing 5% of your base pay (roughly $100 per month), the military
will also give you $100 towards your TSP per month. What this means is, if
you just give 5% to your TSP each month, the military will also add 5% for a
total of 10% of your base pay into your retirement fund each month! In
order to maximize your benefit, you must contribute at least 5%! If you
continue to contribute 5% for the next four years (if you signed a six year
contract), you’ll have roughly $10,000-$15,000 in your TSP! The military
won’t match above 5%, but it can still be extremely beneficial to invest
more than 5% toward your retirement. For instance, I invest 8% into my
TSP, and the military gives 5%, for a total of 13% that gets contributed to
my retirement. I would suggest between 5-10%.
But wait, there's more! Your TSP consists of several different
investing options. Some have higher risk, but can lead to higher gains, while
others are extremely low risk, but also won’t ever have high returns. What
does all this mean? Basically, you’re investing in the stock market and
bonds by selecting different funds. The military has investors that run the
TSP and try to maximize its returns. Your money doesn’t just sit in the TSP,
it can actually grow! For instance, in 2017 alone, my TSP grew 10%! It grew
around $200 in one year from the funds I had selected. Now, I’m not going
to explain all the different funds, but I’m going to tell you my advice for
how I feel you can invest to have a good experience: when you initially
start investing in the TSP, they will put your money in the “G Fund”, and
simply put, this fund sucks for growth. The G Fund averages around 0-2%
growth each year. It’s the “safest” fund to invest in, and because of this, it’s
basically letting your money sit without growth.. I recommend you do your
research on the different funds (you can google “TSP funds” to see the
differences). I personally have mine set to be on the riskier side, which
means that if the market starts to tank, I have a greater chance of actually
losing money, but if the market does well, I have a good chance of making
more money.
As an E-5 with 5.5 years of service, I make around $2,700 per month
from base pay (remember, base pay doesn’t include extra allowances, such
as BAH or BAS). I contribute 8% into my TSP, and the military gives me the
5% match for a total of 13%. So although I have roughly $350 per month
going toward my TSP, only $216 per month is directly coming from my pay.
The rest is coming from the 5% match. The military is giving me roughly
$140 in free money per month for my retirement. I would say that’s pretty
awesome! Who doesn’t love free money!? With the $350 per month that I
have going into my TSP, I contribute 30% into the Lifetime 2050 fund. This
fund invests in higher risk, higher reward stocks, in the beginning, and the
closer it gets to the year 2050 (which will be around when I can pull money
out from my retirement fund), it starts to invest it more “safe” financial
options. This allows for less growth at the end to ensure that you don’t lose
money right before you retire. 30% goes into the C Fund, which is common
stocks, 20% goes into the S Fund, which is small stocks (this is more risky
but has the potential to pay out a lot more), and last 20% goes into the I
Fund, which is international stocks.
If you don’t want to diversify your stocks yourself, the best bet is to
just go with a lifetime fund. When you’re joining, you can put it into
whichever fund that has the highest year. Currently, L 2050 (which is what
I’m invested in), is the fund with the highest year, but in a few years, they
will add an L 2060 Fund for people who will retire in the 2060s. If you want
to maximize your retirement potential, I suggest not leaving your money in
the G Fund and at least put it in a lifetime fund.
If you join at age 18, sign a six year contract, invest 5% into your
TSP, and have it all go into the L 2050 fund, after those six years (even if
you decided to get out of the military and just left the money in the TSP
account), you would be looking at around $400,000 in your TSP at age 65, if
your account averages a 7% rate of return from the funds. If you decide to
stay in for another four year enlistment and get out after 10 years, you’d
be looking at around $700,000 in your TSP when you turn 65. If you decide
to stay in for 20 years and get the pension from the military, not only
would you get paid $2,000-$3,000 per month for the rest of your life, but
you would have around $1,400,000 sitting in your TSP at age 65. Not bad
right? Keep in mind however, only 19% of people who enlist in the military
even make it to 20 years and have the opportunity to retire with a pension.
Now imagine if you contributed 8% each month. If you did six years, you
could have around $500,000 by age 65. And if you got out at age 24, that
gives you time to get another job and build a different retirement. If you do
10 years, you would be looking at around $850,000 in your TSP. If you did
20 years contributing 8%, you’d be looking at $1,800,000 by age 65 waiting
for you. All of these numbers are based off of a 7% average annual growth
rate. If you get higher returns or contribute more, the numbers go up. If
you contribute less or returns go down, you’ll get less. But the point of all
of this is if you contribute a simple %5 of your base pay per month for six
years, you have the potential to have over $400,000 waiting for you at 65.
That’s not a bad deal. In plain speech. If you are willing to set aside $7,200
over the next 6 years, you’ll have around $400,000 waiting for you 40 years
from now. Honestly, I hit myself over the head for not investing as a brand
new Airman. I’ve cost my family hundreds of thousands of dollars for when
I retire and I truly don’t want to see this happen to you and your family.
All of this advice can only help you if you actually follow it, however.
I know it is tough to put money aside and just look at it, but it is the biggest
part of building long term wealth. I didn’t start investing until I had been in
for almost four years. I missed out on so much future wealth. I am thankful
that I had a supervisor sit me down and explain the TSP and retirement
system at 3.5 years though, because I wouldn’t have invested into it if it
wasn’t for him. Because my supervisor talked to be about the TSP, I will
have around $100,000 to pull out at age 65. I wouldn’t have had anything
waiting for me at 65 if my supervisor didn’t talk to me about the benefits of
TSP. I always thought it was for people doing 20 years, but it’s not! It’s for
everyone! Look at the previous paragraph, when I stated if you contribute
for six years, you could have around $400,000 at 65… Since I started with
two years left in my contract, I missed out on roughly $300,000 I could
have had at age 65. That’s a huge mistake that I made. I could have paid for
all my grandkids schooling with that money. This is why thinking long term
is so important. I know we focus a lot of what we want to buy right now.
But also think about why you are saving and what you can buy with that
money in the future.
Don’t be like me. Invest in your TSP from day one, at least 5%, and
you can thank me when you’re 65! My goal with this eBook isn’t to get $30
from you and just move on with life. My goal is that you pay $30 for this
book, you take it serious and listen to my advice and turn that $30 into
$400,000-$1,700,000 over your lifetime. I honestly hope all of you can do
better than I did in life and experience more wealth than I ever will. My
biggest dream in life is to help others. I know money is one of the biggest
reasons for stress in life. All I’m hoping for is for a “thank you” decades
from now from helping you set your future up to be prosperous and easing
one of the biggest stressors in life. Start investing as young as you can!
You’ll never regret preparing for the future, but you’ll always regret waiting
to prepare for your future!

3. Have an Emergency Fund
Do you remember in Chapter One where I talked about having a
savings account that you don’t touch? Well, this is going to be your
emergency fund. It’s the money that you hope you never have to use, but
have, just in case. This can be for things like unexpected vehicle
maintenance, or a death in the family requiring you to buy last minute
plane tickets. Having an emergency fund is something that will help reduce
the stress that money causes. In my personal life, our emergency fund
helped us tremendously recently. Our emergency fund has had around
$3,000 sitting in it for the last two years. In February of 2018, we had to
use it for the first time.
My car started having issues. I took it to a local car shop and had to
pay $1,800 to get things fixed. Long story short: they repaired several
things, and messed up a few more things, which caused more damage to
my car. I took it to another shop that was more trustworthy and they fixed
the actual, original problem which cost $1,200. This was all of our
emergency fund. But I didn’t stress about it, because that’s exactly what
our emergency fund was for: unexpected emergencies! Because we had an
emergency fund, it was like we had already thought that part through so
we didn’t feel stressed spending it. Did it suck? Of course! But we weren’t
stressing over it. It’s like saving up for a vacation. You aren’t going to be
stressed spending money of vacation if you had planned to spend that
money. Our emergency fund worked the same way. We had money set
aside for when something went wrong. We didn’t have to cut into our
other savings or checkings because we had planned ahead. I also ended up
getting $800 back from the first shop after a month of back and forth with

corporate for them messing things up. We ended up putting that money
back in our emergency fund and we are starting to build it back up again.
I recommend you possibly open two savings accounts: one for
regular savings, and one as a designated emergency fund. That way, you
are ensuring you don’t touch your emergency fund unless you absolutely
need it. How much you keep in your emergency fund completely depends
on you, your life circumstances, and your lifestyle. I recommend you keep
enough in your emergency fund to cover an expensive vehicle maintenance
issue or a last minute trip home. I would start off with trying to get at least
$2,000 in your emergency fund and then you can keep adding from there
as you see fit.
The best way we have personally found to build up our emergency
fund is to spend a few months focusing on saving money, and putting it
directly in our emergency fund instead of other savings accounts. After a
few months of focusing on not spending extra money, and just putting
money into the emergency fund, you can save up a decent amount. After
you have saved up enough to put into your emergency fund, you can just
choose to throw a certain amount of each paycheck into it. Something like
$50-$100 per paycheck until you have an amount you’re comfortable with,
and then you can either stop contributing to your emergency fund, or you
can lower how much you put in your emergency fund per paycheck. All of
this advice is subjective to you and how you want to do things. This is more
of general knowledge and you can tweak this to fit you. If you are joining
the military, the fastest way to get an emergency fund is to put half of your
money you made during BMT and tech school into your emergency fund.
That alone can be around $1,500-$3,000 as an emergency fund from your
first few months being in the military.

4. Have a Savings Account
You should have a savings account for simply saving money and
making sure your checking account isn’t fully loaded. This will prevent you
from wanting to spend money. This savings account isn’t just for
emergencies; it is there if you want to pull money out of an ATM, or need
to put some money in your checking account when it’s not an emergency.
If you ever have leftover money in your checking account each month, just
throw some of that money into this savings account and let it grow. This
can be your account that lets you treat yourself and your family every once
in a while.

5. Live Within your Means
Living within your means ties into every chapter, not only of this
book, but of life.. Living within your means will make you want to do more
with less. This alone will make you think about what is actually important
to you, and you’ll stop spending your money on things that don't truly
matter. How many times have you looked back and wondered what all you
spent your money on and told yourself you wished you would have been
smarter? I know I was definitely guilty of that between ages 16-24. Why
not learn from our past? Why does it take us years of thinking that over
and over, but we never do anything to change it? We might thing not
buying everything impulsively will lead to us being unhappy. But honestly,
the opposite has happened in our life. So much of the stuff we waste our
money on doesn’t actually make us happy long term. It’s just a short term
high and it goes away and we are stuck dealing with the fact that we will
never get that money back. For example, for Makenna and me, this means
not having a TV in our home for three years now. Without TV, we don’t
need any game systems, need to pay for cable, and we’re spending less on
electricity.. I’m not saying TV is something you need to cut out of our life.
But in our case, we prefer watching YouTube most of the time anyway,
which is easier to consume from our laptops. Instead of having the luxury
of both a TV and two nice laptops, we went with our laptops over a TV and
game system. This has allowed us to save money, but also provides less
distraction for when we need to be focused on creating YouTube videos. A
lot of things we spend money on don’t just hurt our wallet. They also hurt
our attention being focused on things we truly care about. By creating
better spending habits you don’t only save money, you also save more
time!

So, what does “live within your means” actually mean? In my
personal opinion, it means making sacrifices. Remember, “short term
sacrifices equal long term gains.” How do you decide on what to sacrifice?
This might seem difficult, but if you sit down and think about it, there are
probably a lot of things that will immediately jump out at you that you can
cut out of your life that aren’t truly necessary. But look around, why do so
many people want to be better with money? Why do so many people wish
they had more money and wealth? The answer is because the social norm
is to be bad with money and not save. The social norm is to spend money
if you got money. If you continue to do everything like everyone else, you’ll
be left feeling like everyone else: broke and wanting more. In order to feel
like you’re building wealth, you have to be different than everyone else,
which means making sacrifices when others don’t want to.
First, write down everything that you spend money on monthly,
weekly, and daily. You’d be surprised in the first few minutes the things you
write down that you immediately are telling yourself, “I can do without
that.” These are the things that you need to cut out of your life.
These things depend on the person, but here are a few examples
that might get you started: For daily expenses: energy drinks, fast food,
cigarettes, chew, candy, beer, etc. If you do any or all of those things, that
daily savings can range from $2-$25 per day. Imagine saving an extra
$60-$700 per month just from cutting all of those little things out of your
life. Ultimately, this goes back to sacrifice. Will it be easy? No, but in the
end, it will pay off. If you use a refillable water bottle instead of buying an
energy drink every day, you can save $60 per month! That’s how easy it is
to “live within your means.” That’s an extra $60 you can put in your
emergency fund every month. I think we can all agree, that we would
rather have the money to pay for a car repair than to drink energy drinks
everyday and not have the money to pay for a car repair and be stressed.
You may think cutting energy drinks out could be stressful. But having a
$3,000 car repair and no money… That’s what I would call stressful.
The further you read into this book, the more you are going to start
seeing people around you who spend money just to waste it. They barely
have money, yet they keep spending it on things that they don’t need. If
you can overcome this mindset, you can build an incredible amount of
future wealth. It takes discipline and a lot of work, but it will pay off one
day.
For monthly expenses, here are some examples: Netflix, Spotify,
Amazon Prime, electric bill, gas bill, utilities, gym membership, YouTube
Premium, cable subscription, internet bill, car payment, gaming
subscriptions, beer, restaurants, etc. This list can get really big, really fast.
Take 10 minutes to think about all of the items you have monthly
obligations to. An easy way of doing this would be to check your bank
account statements to see what comes out of your account each month.
Checking your bank account can even add more “unnecessary” things to
your daily spending list that you had forgot about or are so used to
spending money on that it didn’t cross your mind. Sometimes you don’t
even realize how much money you’re spending until you look at your bank
statement with the mindset of “do I really need to spend money on that?”
You can’t change the past, so the only way to go from there is prevent
yourself from spending money on those items from now on.
After you have your list of monthly expenses written down, look at
them and see which ones are similar. For instance, Makenna and I had
cable and internet on ours. Those can be extremely similar, but different in
their own ways. We decided to choose one or the other, and ended up
going with internet. Think about “living within your means.” You don’t
really need cable and internet, you mostly just need internet because
everything on cable is usually on the internet too. Something else that is
similar is Amazon Prime (which includes music and movies) and Netflix and
Spotify. Do you really need all three? It’s nice to have all three, of course,
but do you need all three? No. For Makenna and I, we decided to not have
Netflix and Spotify. Spotify and Netflix cost $20 per month combined,
which is $240 per year. Amazon Prime for the year is only $119. YouTube is
free, and has not only music, but a lot of good video content. Instead of
paying $359 per year for everything, you could just have Amazon Prime
and save $240 per year. By having multiple subscriptions you’re spending a
lot of money each year that you could honestly live without. For a lot of
people Amazon Prime isn’t their cup of tea. That’s fine! If you’re a huge
music fan maybe stick with only spotify. If you a movie or show buff, maybe
just have Netflix or Hulu. Try to only have obligations to one service if at all
possible. If you really want 2 or 3, go for it! But the goal is to only have
what you need. If you feel like you could live without something. Cancel it
and see. If a month goes by and you truly miss it everyday. Get it back.
All this being said, you don’t want to cut everything out! Just cut out
what you feel isn’t necessary for your long term wealth growth. It will be
hard to not have what everyone else around you has. But again, everyone
else around you is broke. Don’t be like everyone else!
“Living within your means” summed up means “don’t pay for things
you don’t need to be happy.” I understand we still want some luxuries. The
goal is to only keep the ones in your life that bring you the most
happiness and cut out the things that are truly unnecessary. There is no
point in paying for something that you truly wouldn’t miss if you didn’t pay
for it. It’s just the social norm to have everything, but you don’t need
everything to be happy.. Living within your means requires you to change
your mindset from “what do I want to be happy?” to “what do I need to be
happy?”

5. Pay Off Debt ASAP
This is my personal favorite chapter. There is honestly no better
feeling than paying off debt! If you are joining the military and you don’t
have any debt, such as student loans, or a car loan, then you’re already
ahead of the game and on the right track! Keep it that way!
Now, I understand that you might have to get a car at your first
base and have car payments. This is why I recommend you get a reliable
car at as low of a price as you can. Don’t buy a car that costs $20,000, or
even more.. Buy a gas saver that’s below $10,000. No, you won’t have the
coolest whip. But, you also won’t be broke every day from trying to be
“cool”. Plus, having a regular car that gets good gas mileage is a great way
to save money on fuel costs and insurance. This way, you’ll be paying not
only less for the car itself, but less for the additional costs of owning the
car. Win, win! When joining the military it is very common for people to
buy their dream cars right away. I’ve personally never seen anyone benefit
from this long term. Usually they get in debt over their head, and can’t pay
off the vehicle faster than the value depreciates. It’s very common for
dealerships to target new military members because it’s such a common
thing for new young military members to pay more than they should for a
car. I can honestly say I’ve only seen financial troubles come from new
military members who bought one of their expensive dream cars in their
first few years of service.
If you are joining and have student loans, credit card debt, a car
loan, etc., your first step to building future wealth is to get out of debt and
stay out of debt.

Let’s start with credit card debt. If you have credit card debt, pay it
off right now! I’ve had some people tell me they carry a balance on their
credit cards to help build their credit score. NO, NO, NO. This comes from
people who have never actually looked up how a credit score works. If you
are interested in what your credit score is and how to improve it, you can
sign up for www.creditkarma.com, which is free and has amazing
information for breaking down how your credit score works. Good credit
allows you to get a lower interest rate on a car loan, and it also helps you
be able to qualify for a home loan. If you have a balance on your credit
cards, pay them off as soon as possible. Make sure you are always making
at least the minimum payment (I suggest you always pay as much as you
can though) each month until you are able to pay them off completely..
Missing just one payment can hurt your credit score for years. Carrying a
balance on your credit cards hurts your credit score, plus you have to pay
interest on that remaining balance each month. If you buy something for
$300, but pay $30 per month, it won’t actually take 10 months to pay it off
because the credit card company will add interest each month. In the end,
you could end up paying for 12-15 months and paying over $360 to $450
for an item that originally cost $300. It is never good to carry a balance on a
credit card, EVER! So if you have a habit of letting money sit on credit
cards, this is a habit you need to break ASAP. There has never been a single
person who has said “great things came to me because I carried money on
my credit cards”. So why do so many people continue to do it? Because
society makes it seem okay, but in reality. No one has ever had credit card
debt bless them in life. Credit card debt is the 3rd leading cause for
bankruptcy… So if having credit card debt is a known leading factor of
bankruptcy, why does society continue to act like it’s okay? It’s because
society cares more about looking cool in the moment than being financially

stable years from now. Would you rather look lame right now but have no
debt 10 years from now, or be cool as an A1C in the Air Force but 10 years
from now file for bankruptcy? I’ll take the first option any day. If we know
what causes bankruptcy and we don’t want that for our family. We need to
avoid things that lead to it. It’s as simple as that. Avoid carrying a credit
card balance at all cost. Using a credit isn’t bad. It can be great for points
and other benefits. But it’s only useful if you pay off your balance in full
each month. Otherwise all those points you earned, actually won’t even
cover the interest you’ll owe. The goal is to make and save money, not do
things that cost us more money!
If you have other debts, such as car loans or student loans, I would
say start off focusing on your student loans. You need to pay at least your
minimum monthly payments on all your bills. But pick one item and attack
it until it’s gone. The reason I say to pay off student loans before you pay
off your car is because your car is actually worth money--you can sell it and
pay off your loan if need be, that is as long as you didn’t buy an extremely
expensive car with a bad interest rate. Your student loans aren’t exactly
something that gives you a tangible good in return. Your degree and
knowledge is definitely valuable, but you can’t sell your degree for money if
things get bad. So focus on paying off the debt that doesn’t have direct
value to your wallet. Credit card debt and student loans don’t have any
value, you can’t sell them to pay them off. If you want to learn more about
paying off debt, Dave Ramsey has a really good explanation called “7 Baby
Steps to Financial Peace”
My biggest piece of advice when it comes to paying off debt quickly
is to pay the minimum on everything, and then attack the smallest debt
with as much money as you can. Much like I said earlier in the chapter
about building an emergency fund, sacrifice for a few months to cut down
or eliminate some of your debt. This can mean instead of paying the
minimum, you throw a few hundred dollars each month at the smallest
debt you have until it’s gone. Here is a pro tip: instead of blowing your tax
return on things you don’t actually need (AKA what most Americans do
with their tax returns), use your tax return to pay off debt. It’s much more
rewarding to payoff debt and live without extra things than it is to have the
extra things and feel like you’re drowning financially. Why would you buy
new things if you still haven’t paid off old things? Short term sacrifices
equal long term gains. I’ve been using my tax returns to pay off debt since I
joined the Air Force and I don’t feel like I’ve missed out on anything. I
honestly feel a lot more proud and happy than the people i served with
who would buy new rims for their car or buy a new home theater. I paid off
my student loans several years earlier than I was supposed to simply
because I focused my extra money on paying off things I had already
bought (like my education), rather than buying new things. Don’t allow
yourself to buy more stuff when you already have things that you owe
money on. If you lent a buddy $500, and every month they said they
couldn’t pay you back yet they are pouring money into their car and buying
videos games, how would you feel? Pretty crappy right? Well, that’s how
your debt feels when you ignore it for a new toy. Pay off your debt before
you treat yourself. Once you pay off your smallest debt, move onto the
next one. You’ll feel so relieved the moment you pay off that first piece of
debt that you’ll be excited to start paying off your next piece of debt. It’s
called the snowball effect. You start small and keep rolling the extra money
into the next item of debt until it’s all gone.
So, how do you pay off all your debt if you have a house that cost
anywhere from $100,000-$400,000? With a home, you can usually treat
that debt differently. It should be the last item you pay off.
A home will usually increase in value over time depending on the
area and the market, so don’t worry about your home too much. In the
long term, houses have increased in price. Your car, however, will gradually
decrease in value over time, so the sooner you pay it off, the better. Create
a budget plan to finish paying off your final debts over the next year (or
several years) except for your house. Once you’ve paid off all your debts
except for a house, start paying an extra 8% each month on your home
loan. This trick alone will result in you paying off a 30 year mortgage in just
under 28 years! Now imagine if you start using your tax return each year to
pay off your home. That, combined with paying the extra 8% each month,
could cut down paying off your home from 30 years to 23 years. This may
seem overwhelming to think about but remember, having a home loan is
healthy debt. Remember the TSP retirement fund you will be investing in?
When you’re 65, you’ll have over $400,000 waiting for you. If you buy your
house at age 22 and pay it off by the time you’re 45, you’ll have a home
that you can sell, pocket whatever the home was worth, and still have
$400,000 to pull out 20 years after that. Life is a marathon. It’s all about
setting yourself up for the long run, even if it’s hard to think about the
future rationally. Creating a life plan, talking this out, and writing this stuff
down, can help reduce that stress and help you understand that it will work
out over time. The goal isn’t to pay off your house or car in one year; the
goal is to have a plan to pay off your house and car, and try to set yourself
up to keep speeding that process up over time.

6. Invest Smart
Investing can be a scary subject, because the risk of losing money

has the potential to be detrimental. This is why I have it towards the end of
the book. I honestly don’t feel like investing is for everyone, except for
investing in your retirement fund. Yes, investing on your own can have a
good ending, but it can be dangerous and risky. That is why I want you to
always remember this saying: “Don’t invest more than you’re willing to
lose.” This should be the same mindset you have if you decide to gamble. If
you gamble and get mad when you lose everything you took to the casino,
you probably shouldn’t have taken as much as you did. A lot of people
make money by investing, but a lot of people also lose money. If you don’t
feel comfortable risking your money, then don’t. It’s always safer to hang
onto your money than to put it into something you aren’t fully sure of.
With that being said, if you do want to invest money, there are
several apps you can use for investing. For cryptocurrency, I use an app
called CoinBase, and I also have a Binance digital wallet. For stocks, I have a
brokerage account through USAA, however I don’t recommend them due
to the high commission rates. Find a brokerage that doesn’t overcharge. I
also use an app called Robinhood to trade stocks
An app that I use that invests money automatically for me is called

Acorns. This is kind of like your TSP. There are people that manage the
investing portion for you. This app is super simple because it simply rounds
up every time you use your debit card or credit card (whatever you link it
to). It’s basically a digital way of saving all the change from swiping your
card. If you spend $7.60 somewhere and pay with your debit card, it will
round it up to $8 but put the extra $0.40 into your Acorns account. I love
this because it’s an easy way to save money without thinking. Every time
you use your debit card, it saves a few cents. For investing, this is the only
thing I would recommend to people who are new to investing. Be sure to
use my sign up link because it will give you $5 just for signing up. This is
hands down the best App I have on my phone. I wholeheartedly believe in
this app and what it’s capable of. Get the Acorns App here:
https://acorns.com/invite/PCL3RQ.

7. Spend for Your Future
Spend for your future. What I mean by this is when you spend
money, have it be meaningful for your future. When you buy things or pay
for things, have it be beneficial for you long term. Get in the habit of not
doing something, or not buying something, if you don’t really see it having
a positive effect on your future. Now, not everything you buy or spend
money on can have long term benefits. But if you focus on maximizing the
number of times your money helps your future, you’ll build a great amount
of wealth over your lifetime.
Invest in yourself. One of the best ways to grow your wealth is to

invest in yourself. When it comes to learning a skill or broadening your
knowledge, spend the money. The more you know and the better you can
do things, the more valuable you become to society. This is something I’ve
learned from observing other successful people. They are constantly trying
to get better even when they are already successful. If you spend money
on the things you want to be good at in life, and actually work to be good
at those things, life will reward you. Invest in yourself, your talents, and
your knowledge so you become more valuable in life, and spend money on
things that have long term benefits. Look for opportunities in your life
where you can spend money and reap benefits months or years later.

Thank you for spending time to read this.
I truly hope that this eBook can help you be successful over the next years
and decades.
Stay true to yourself, and remember to be different than everyone else.
“Short term sacrifices equal long term gains”
By: Kyle Gott
The Acorns link in this book is a referral code where I also receive $5 from you signing up

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An app that I use that invests money automatically for me is called

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