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Speaker 1: Welcome to Had of Money. I'm Joel and I am Matt.

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Speaker 1: Today we're talking from military to millionaire with Lacey Langford.

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Speaker 2: Yeah, our guest today is like a money drill sergeant,

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Speaker 2: but without all of the yelling, at least for the

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Speaker 2: most part. I hear she yells at you sometimes on occasion,

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Speaker 2: But Lacey Langford, she is a financial coach, a veteran,

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Speaker 2: a mill spouse, and an entrepreneur who changes people's mindset

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Speaker 2: from being fearful of money to having control and confidence

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Speaker 2: with their money. She is an accredited financial counselor with

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Speaker 2: over fifteen years of financial planning, counseling and coaching experience.

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Speaker 2: And Lacey is all about the military and money, which

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Speaker 2: is why we are pumped to talk with her, and

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Speaker 2: because signing up to serve our country in the military

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Speaker 2: it's an act of service that we feel that we

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Speaker 2: should be honoring of and sometimes there's a financial sacrifice

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Speaker 2: attached to that, but there can also be significant financial

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Speaker 2: upsides as well that we're going to discuss today. So Lacey,

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Speaker 2: thank you so much for joining us on the podcast.

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Speaker 3: Thank you for having me. I'm excited about this.

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Speaker 1: Yeah, we're excited to Lacey and Matt and I we

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Speaker 1: drink a craft beer every episode. It's something that we

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Speaker 1: spend more money than most people would think is natural

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Speaker 1: on while we're also being being smart, being wise, we're

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Speaker 1: saving investing for our future. So our first question everyone

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Speaker 1: out the gate is what is it that you like

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Speaker 1: to splurge on? What's your kind of craft beer equivalent? Mmm?

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Speaker 4: I think for me, safety insecurity is something that me

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Speaker 4: and my husband are willing to splurge on, especially you know,

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Speaker 4: with all the moving that we've done in our life,

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Speaker 4: different locations, having kids, my husband be in a way,

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Speaker 4: that's something that we're willing to spend a little extra on.

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Speaker 1: Okay, so what do you got?

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Speaker 2: Like, are you talking about insurance products? You talking about

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Speaker 2: talking about Yeah, Like, I guess this could go in

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Speaker 2: multiple directions.

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Speaker 4: Yeah, Well, I think it just depends on for us,

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Speaker 4: like who we are, what we need at the moment.

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Speaker 4: But with all the moves, that might mean that we

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Speaker 4: pay a little bit more in rent to live in

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Speaker 4: a safer neighborhood because my husband's going to be gone,

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Speaker 4: and a lot of people might think, well, you could

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Speaker 4: save a ton of money if you rented somewhere else. Yes,

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Speaker 4: but I wouldn't feel safe and secure. If so, I'm

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Speaker 4: willing to spend a little bit more per month in

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Speaker 4: order to be in a better location for me and

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Speaker 4: my kids.

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Speaker 3: Were more buy ourselves.

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Speaker 1: Nice, I get it.

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Speaker 2: Yeah, not only do you get to possibly enjoy a

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Speaker 2: spot that's a little swankier perhaps, but yes, also the

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Speaker 2: ability to you know, just kind of live your life.

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Speaker 2: I guess the way you want to to be able

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Speaker 2: to get outside, and that's obviously so important, especially with kids.

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Speaker 2: But Lacy, talk with us specifically about your relationship with

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Speaker 2: a military because you grew up as an army brat,

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Speaker 2: you served in the Air Force yourself. How has just

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Speaker 2: the military overall, how has that impacted your life and

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Speaker 2: your relationships?

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Speaker 4: I think one, there has been a lot of transition,

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Speaker 4: which depending I think on your mindset how you look

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Speaker 4: at that, that can come with some negatives, but I

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Speaker 4: try to find the positive in things, and so for me,

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Speaker 4: it's been great to have exposure to a lot of

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Speaker 4: different experiences, a lot of different people, culture, and then

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Speaker 4: also the ability to connect and communicate. You know, if

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Speaker 4: you wait too long when you move someplace to find

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Speaker 4: friends in the military, you're going to be leaving before

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Speaker 4: you find friends, and so I have found that that's

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Speaker 4: one thing that's positive about the whole military lifestyle, is

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Speaker 4: really being able to meet new people and kind of

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Speaker 4: put myself out there in order to make connections and

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Speaker 4: community early on, because you never know when you're going

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Speaker 4: to lose that. And I think you know, there are

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Speaker 4: some things with transition that come with that, like always

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Speaker 4: changing jobs and changing your community, which have impacted me

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Speaker 4: kind of over my entire life as a child, as

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Speaker 4: a service member, as a military spouse, as a parent.

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Speaker 4: So there's I think in each phase there's been different

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Speaker 4: things that have come with that.

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Speaker 1: Yeah, some people go in the opposite direction. They'd be like, hey,

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Speaker 1: I'm just going to move again in a year. Maybe

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Speaker 1: I won't make many friends. I'll just kind of lean

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Speaker 1: into family, I'll read more books, whatever. So I love that.

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Speaker 1: I love that you're taking the opposite approach. You're saying,

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Speaker 1: I don't have much time here, I'm going to make

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Speaker 1: the most of it. And Lacy, you're one of six

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Speaker 1: kids and you grew up living on a military salary,

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Speaker 1: military income. I'm curious, like, how did money discussions go

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Speaker 1: down inside your house? Because you guys weren't flush with cash,

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Speaker 1: a lot of mouths to feed. What were those discussions

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Speaker 1: like how did they happen around the dinner table and otherwise.

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Speaker 4: I was actually one of four kids. There's six of

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Speaker 4: us total, and I think for us, communication was key.

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Speaker 4: My parents always communicated that we.

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Speaker 3: Have a budget.

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Speaker 4: There's not a blank check for anything in life. You know,

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Speaker 4: there has to be some type of limit. And so

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Speaker 4: we always had those discussions about how we are going

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Speaker 4: to make a move and maybe incorporate a vacation on

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Speaker 4: our move to our next location that we're moving to

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Speaker 4: and make the most out of you know, killed two

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Speaker 4: birds with one stone, and with four kids, you know,

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Speaker 4: everybody can have an unlimited budget for sports that type

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Speaker 4: of stuff, and so it was you know, being mindful

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Speaker 4: that there are other people here that if you're trying

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Speaker 4: to take up all the time doing your thing, then

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Speaker 4: that impacts your siblings. So I really think discussion was

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Speaker 4: important and being realistic. And then also we were always

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Speaker 4: told that we need to we're being trained to be

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Speaker 4: fully functioning adults, so we need to work. We need

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Speaker 4: to learn what that's like to have hardships with that.

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Speaker 4: You know, it's not going to always be easy to

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Speaker 4: work with people, but you're gonna have to get used

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Speaker 4: to that. You're gonna have to get used to managing

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Speaker 4: your own money. And so early on, I think we

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Speaker 4: all worked because if we wanted money to do things

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Speaker 4: with our friends, that was going to come out of

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Speaker 4: our budget, not our you know, my parents' budget. And

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Speaker 4: so having ownership early on in our finances I think

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Speaker 4: came out of being a military family, you know, having

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Speaker 4: you know, more than a couple of siblings, I think

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Speaker 4: was another factor in that, and then also wanting our independence.

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Speaker 4: You know, there was a lot of restrictions on the

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Speaker 4: money that my parents would give us. But if we

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Speaker 4: wanted more, if we wanted a nicer pair of jeans,

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Speaker 4: or we wanted to go on, you know, to the

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Speaker 4: beach with our friends, then we were going to have

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Speaker 4: to earn and budget, you know, and save for that

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Speaker 4: experience for ourselves.

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Speaker 1: It seems like too, based on the way you've talked

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Speaker 1: about your relationship with your father, like there was no

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Speaker 1: shame in these conversations either, right, it was like, hey,

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Speaker 1: there's reality staring us down the face. But it seems

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Speaker 1: like there was there were a lot of good, proactive,

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Speaker 1: positive discussions around money, like money was a positive topic

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Speaker 1: of conversation in your household, not not a negative, which

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Speaker 1: is which is kind of rare.

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Speaker 3: Yes, definitely.

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Speaker 4: I think you know, both my parents are very practical

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Speaker 4: and that you know has I've taken up that as well,

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Speaker 4: that you know, you have to be real stick in life.

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Speaker 3: We were very blessed.

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Speaker 4: I mean I'm still very blessed and to have each

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Speaker 4: other and the ability to work and to you know,

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Speaker 4: make up for things or fix things. You know, problems

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Speaker 4: are going to come, but it's really how you look

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Speaker 4: at it, how you handle it. It's am I going

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Speaker 4: to fall down and not get up? Or am I

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Speaker 4: going to take any catch my breath, get up and

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Speaker 4: go after it? And I think that was the message,

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Speaker 4: like it is going to be hard, there are going

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Speaker 4: to be bad times, but how you go after in

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Speaker 4: your mindset and how you stay focused on the solutions

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Speaker 4: to that problem instead of wallowing in whatever it is.

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Speaker 4: I think was very helpful in having those conversations and

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Speaker 4: just being practical and not shining away from it. My

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Speaker 4: parents are always willing to talk about stuff in anything.

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Speaker 1: That's so good.

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Speaker 2: Yeah, I mean that communication is so key and I

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Speaker 2: think that you talked about you getting a job and working.

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Speaker 2: I think that is such an important way that you

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Speaker 2: are able to teach kids how to be practical and

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Speaker 2: how to be realistic, because if they are working, they

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Speaker 2: understand the finite amount of money that not only that

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Speaker 2: they have, but oh, I guess this is the case

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Speaker 2: with mom and dad as well. I mean, so you

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Speaker 2: started working as a team. Do you feel like getting

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Speaker 2: a part time job like that? Do you think high

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Speaker 2: schoolers getting jobs? Do you think that's something that's probably

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Speaker 2: good for most kids?

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Speaker 3: I do.

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Speaker 4: I think that's you know, I have found benefit. I

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Speaker 4: think everybody has a just different perspective in life. And

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Speaker 4: you know, some people are like, well, we want our

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Speaker 4: child to be fully focused on their education and not working,

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Speaker 4: and you know, for different reasons that might not be

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Speaker 4: a priority for us. But I learned early on too

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Speaker 4: as a parent. I had a very scary experience where

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Speaker 4: it almost died during my pregnancy, my first child, and wow,

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Speaker 4: you know that really shaped a lot of the way

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Speaker 4: that I look at being a parent is like, I'm

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Speaker 4: not always going to be here. It could happen at

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Speaker 4: any time, and my thing is I'm training you to

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Speaker 4: do this on your own and all of these things, like,

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Speaker 4: I want you to have those experiences as soon as

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Speaker 4: possible so that you know I'm here to talk you

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Speaker 4: through those things. And you know when you have a

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Speaker 4: coworker that you're frustrated with, or you feel like you

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Speaker 4: need to ask for a raise, or you know, having

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Speaker 4: hard discussions or standing up for yourself those type of things.

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Speaker 4: So I think having a job it is really training

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Speaker 4: for so many things in life. And I'm already on

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Speaker 4: our boys that they need to be working. And because

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Speaker 4: I started working, I think when I was thirteen, I

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Speaker 4: bagged groceries at the commissary, which is the supermarket on

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Speaker 4: the military installations.

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Speaker 2: So I grew up as my father was in the military.

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Speaker 2: He was in the Army when I was a kid.

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Speaker 2: So I remember riding in we'd going on post, going

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Speaker 2: to the commissary, and yeah, that's where we would load

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Speaker 2: up like in a costco like way, like multiple cars, and.

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Speaker 1: Very fond memories of the commissary. Lacy mine bagged your groceries, right,

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Speaker 1: so yeah, yeah, exactly. Well, okay, so moving around fairly frequently.

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Speaker 1: That's part of kind of military existence in so many ways,

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Speaker 1: and it comes with some downsides. But like I guess,

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Speaker 1: I'm curious, what are the unique money struggles that are

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Speaker 1: men and women who who serve, what are the unique

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Speaker 1: struggles that they face versus what traditional Americans might consider

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Speaker 1: to be a typical money struggle.

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Speaker 4: Well, first you have to think about the population that's serving,

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Speaker 4: predominantly male, much younger force that's married and has children.

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Speaker 4: So there are you know, a lot of people join

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Speaker 4: the military at seventeen years old, so it's not uncommon

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Speaker 4: to have an eighteen or nineteen year olds that is

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Speaker 4: married and has two or three children. And so if

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Speaker 4: you think about that group of people and then throw

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Speaker 4: in the frequent moves, so maybe moving on average every

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Speaker 4: two two and a half years, that is difficult because

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Speaker 4: with transition, for example, comes the problem with and underemployment

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Speaker 4: with military spouses, and so it's difficult for there to

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Speaker 4: be two incomes or two steady incomes as a family

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Speaker 4: in the military. And that's not to say that every

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Speaker 4: military spouse wants to work, because many spouses want to

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Speaker 4: stay home children, they're earning their education, that type of stuff.

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Speaker 4: But there is this problem with an underemployment, which impacts

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Speaker 4: the budget and a lot of times people get in

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Speaker 4: the habit of let's say, for example, on your car payment.

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Speaker 4: If your car payment is dependent on the military spouse

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Speaker 4: working and you get orders and you move and they

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Speaker 4: lose their job, then you're not able to make that

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Speaker 4: car payment. Or if you move and they're able to

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Speaker 4: get a job but they're not making as much as

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Speaker 4: they used to, you're not probably going to be able

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Speaker 4: to make it in full. And so it can the

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Speaker 4: transitions can start this problem of getting behind and not

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Speaker 4: making payments on time, but also not building up the savings,

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Speaker 4: or you build it up and then you end up

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Speaker 4: dwindling it down because maybe of underemployment. And so that

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Speaker 4: is I think a really big problem or just at

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Speaker 4: the heart of a lot of other issues that impact

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Speaker 4: the military financially.

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Speaker 3: I think some things.

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Speaker 4: About you know, the age, you're younger, you're a very

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Speaker 4: steady paycheck, and there are a lot of people that

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Speaker 4: prey on that fact that you're younger, maybe don't have

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Speaker 4: as much life experience, getting your first car, getting your

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Speaker 4: first home. You don't want to get in trouble at work,

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Speaker 4: so you don't want to get behind on stuff, so

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Speaker 4: you might take out a loan that is riskier with

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Speaker 4: a higher interest rate, and that can start also into

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Speaker 4: a snowball problem. There's also things like identity theft, which

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Speaker 4: are a huge problem for the military community because of

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Speaker 4: the transition service members being deployed, those type of things.

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Speaker 3: So I think.

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Speaker 4: Those three and then sometimes the income depending on the

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Speaker 4: location that you're at. So for example, if you're a

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Speaker 4: service member station in San Diego, the cost of living

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Speaker 4: is so much more expensive there. And then just the

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Speaker 4: economy and the home market, it makes it difficult for

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Speaker 4: a service member to get an affordable rental or even

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Speaker 4: to buy a home. A lot of people can't even

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Speaker 4: find a home to buy in some locations, and so

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Speaker 4: that is very difficult where they start being in further

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Speaker 4: into their budget money maybe they don't have in order

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Speaker 4: to be able to afford a home in a decent location.

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Speaker 4: Going back to safety and security area, so I think,

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Speaker 4: you know, some of it compounds on each other.

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Speaker 2: Sure does there seem to be more of a lack

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Speaker 2: of financial instruction among new recruits or enlistees versus the

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Speaker 2: general population. I'm curious if there are steps that are

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Speaker 2: taken with folks who are joining the military in order

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Speaker 2: to kind of get them up to speed because they

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Speaker 2: are sort of, like you said, they are being thrust

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Speaker 2: into life at a potentially younger age than many of

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Speaker 2: their peers who might say, go off to school and

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Speaker 2: you know, you're kind of like a part time adult

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Speaker 2: when you're off in college. To a certain extent, you're

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Speaker 2: making that slow adjustment. Yeah, it's more gradual and with

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Speaker 2: that you get some that life experience. I'm curious if

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Speaker 2: you have personally seen financial literacy be a big issue,

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Speaker 2: be a big problem with the military.

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Speaker 3: No, I think that there is.

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Speaker 4: There are a lot of opportunities for service members and

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Speaker 4: their spouse and their family members to get financial help

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Speaker 4: on many different levels, whether that's just information, whether that's

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Speaker 4: one on one counseling and coaching, And there's actual touch

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Speaker 4: points that the Department of Defense has out from the

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Speaker 4: time that you join until the time that you separate

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Speaker 4: or retire that relate to finance. That starting at boot

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Speaker 4: camp or your technical school. There's also some there your

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Speaker 4: follow on education when you get to your first duty location.

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Speaker 4: So there's all of these touch points that they actually

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Speaker 4: have to by law receive financial help.

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Speaker 3: That's awesome, Yes, it.

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Speaker 2: Really is like instruction, like not help per se, but

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Speaker 2: actual like guidance or where they're kind of being coached.

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Speaker 3: Yes, yes, so there's classes.

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Speaker 4: Now I'm not saying that they do sometimes do the

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Speaker 4: best sure, like you know it's like right.

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Speaker 1: After you be determined.

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Speaker 4: Yes, yes, but there's it's definitely there. There's also free

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Speaker 4: resources like military one source that isn't from within your unit,

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Speaker 4: where you could go outside of your area maybe if

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Speaker 4: you're not comfortable with somebody from your work seeing that

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Speaker 4: you're getting financial help that type of thing. So there

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Speaker 4: are these opportunities to get free help kind of no

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Speaker 4: matter where you're at, whether you're in crisis, you just

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Speaker 4: needed the little coaching you need it, you know, sounding board,

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Speaker 4: you know, second set of eyes on something. They don't

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Speaker 4: do financial advising, you know, for many reasons. You know,

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Speaker 4: they're not recommending any products or you don't want that

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Speaker 4: liability of giving financial advice. But they're definitely educating service

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Speaker 4: members and their families.

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Speaker 3: But I think that's all.

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Speaker 4: Yeah, it really is, and it's just kind of getting

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Speaker 4: the word out there. I think one of the major

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Speaker 4: problems and kind of why do what I do, is

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Speaker 4: that unfortunately, if you work for the government. Many times

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Speaker 4: your education experience is discounted. So if I go to

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Speaker 4: a military installation, I work under a contract for the

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Speaker 4: Department of Defense, I might have a hard time getting

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Speaker 4: people to come in and talk to me because it's like,

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Speaker 4: what does she know, She's just kind of a government employee.

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Speaker 3: She has this job. They can't fire her.

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Speaker 4: Versus if I went in and said, hey, I'm a podcaster,

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Speaker 4: I'm a blogger, i have my own coaching business. I'm

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Speaker 4: taken more seriously because I'm not affiliated with the government,

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Speaker 4: And which is you know, crazy, because I'm the same person,

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Speaker 4: but just I get put into a different buckets.

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Speaker 1: People.

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Speaker 4: Yes, but I think that applies. It's not in issues

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Speaker 4: that's unique to the military. I think that it is

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Speaker 4: all over that it's the person that's giving the advice

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Speaker 4: that really is the key to success. So if you

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Speaker 4: are not authentic in who you are, if you're not sincere,

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Speaker 4: if you don't have that street cred, you know, if

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Speaker 4: you're serving a community that you have no experience with,

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Speaker 4: like that would be me going and doing financial coaching

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Speaker 4: for firefighters. I I don't know their world, I don't

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Speaker 4: understand their struggles, so they would have to basically educate

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Speaker 4: me on their life before I could even help them

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Speaker 4: with money. And that's not where they want to be.

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Speaker 4: They want to get right to solutions. They're coming to

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Speaker 4: you for help. And so I think that has a

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Speaker 4: lot to do with sometimes why people don't take advantage

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Speaker 4: of free resources or opportunities to get financial help is

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Speaker 4: because of the person that's you know, giving it in

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Speaker 4: if they're real in their advice.

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Speaker 1: Yeah, I think being relatable matters, authentic, being able to connect, Yeah,

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Speaker 1: the actual person who they go to see, because that

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Speaker 1: could completely change the perception as to oh, no, that

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Speaker 1: program's totally bogus. But if you get some of the

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Speaker 1: amazing and I know that you did a bunch of

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Speaker 1: volunteering with you know, through some of those different programs

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Speaker 1: Lazy and I'm sure you did a great job.

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Speaker 2: And I'm sure a lot of folks were like, oh man, no,

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Speaker 2: this is an amazing program because I was able to

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Speaker 2: connect with this lady.

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Speaker 1: Yeah, so much depends on the individual you're learning promise.

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Speaker 1: Same thing when we talk about personal finance education in

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Speaker 1: high schools, where we like the idea of it, but

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Speaker 1: it's not a certainty there's going to be a slam

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Speaker 1: donk every time, because so much depends on who is

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Speaker 1: actually delivering the information and how much they care about

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Speaker 1: it right and how much they know. You touched on

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Speaker 1: buying versus renting really quickly. I am curious. That is

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Speaker 1: like such a particular conundrum for people in the military.

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Speaker 1: Can you how do you like people through that whether

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Speaker 1: or not they should buy. It seems like because of

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Speaker 1: a limited time period in a specific place, even if

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Speaker 1: they have the financial ability that and they've been able

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Speaker 1: to find something, they're like, oh, man, this would be

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Speaker 1: great for my family. Well if they're going to move,

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Speaker 1: you know, twenty four months down the road. Anyway, do

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Speaker 1: you kind of advise against buying for military families most

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Speaker 1: of the time.

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Speaker 4: Yeah, I would say I, you know, help lead people

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Speaker 4: to making a decision that's best for them, but definitely

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Speaker 4: pointing out that, hey, there's a lot of investment that's

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Speaker 4: going to go into buying this house and time. That's

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Speaker 4: the other part that's difficult in the military is that

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Speaker 4: you are basically restarting every two two and a half

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Speaker 4: years and that and that's on the average. You know,

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Speaker 4: some people are moving every year, so that's very difficult

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Speaker 4: to you know, close on a home, get that all

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Speaker 4: set up, get in your community, and all that time

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Speaker 4: and effort that you put into it to just sell

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Speaker 4: it or sometimes not sell it, because that happens a

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Speaker 4: lot in the military community.

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Speaker 1: And to no where's a great place to buy, Let's

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Speaker 1: be honest, because usually if you haven't lived in that place,

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Speaker 1: you're like, yeah, you're kind of shooting and shooting in

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Speaker 1: the dark about where the specific area you might want

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Speaker 1: to live in a particular town.

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Speaker 4: Oh yes, especially in the military community. I always say,

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Speaker 4: if you were even thinking about buying, you need to

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Speaker 4: go check out that house morning, noon, and night, because

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Speaker 4: there is.

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Speaker 1: You learn a lot when you go.

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Speaker 4: Yeah, well, the big thing for the military community is

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Speaker 4: getting in and out of the gate. And so if

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Speaker 4: you are in an area where a lot of military

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Speaker 4: have bought homes.

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Speaker 1: It's like the military carpool. I don't think about that.

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Speaker 3: Correct it, And it takes so much more time.

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Speaker 4: So this kind of comes back to you know, you

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Speaker 4: might actually be able to buy a home for a

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Speaker 4: little bit more in a different area, but that means

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Speaker 4: that you can now spend more time at home, maybe

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Speaker 4: come home after PT and then go back to work

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Speaker 4: because your commune isn't as long as somebody else where.

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Speaker 4: In some cases, service numbers leave an.

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Speaker 3: Hour early or two to work.

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Speaker 4: Because I was actually just talking with somebody that they

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Speaker 4: they were saying that they used to you know, not

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Speaker 4: her husband didn't come home till eight pm because he

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Speaker 4: had to wait for the traffic to die down.

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Speaker 1: Man.

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Speaker 4: And so there's all these factors that go into it.

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Speaker 4: And it's hard to sell a home if the person

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Speaker 4: you're selling it to has done that check to say,

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Speaker 4: wait a minute, this actually is not a really good

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Speaker 4: location for commuting and stuff like that. And so there's

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Speaker 4: all these things to go into it. Not to mention

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Speaker 4: if you are moving to a location and maybe your

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Speaker 4: spouse is getting ready to do deployment or do training,

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Speaker 4: because often you know that going into it, like as

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Speaker 4: soon as we get there, they're leaving. And so now

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Speaker 4: you've put all this effort into in time, into buying

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Speaker 4: a home versus just running a house, getting moved in

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Speaker 4: and being together as a family before you leave.

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Speaker 3: So there's all of these.

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Speaker 4: Factors I think that go into home buying and renting

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Speaker 4: that people don't often think about.

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Speaker 2: Yeah, certainly we've kind of covered a lot of the

436
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Speaker 2: different challenges and hurdles that service members and military members

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Speaker 2: have to consider.

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Speaker 1: We're not trying to talk folks.

439
00:21:00,080 --> 00:21:03,679
Speaker 2: Out of Tony the military, though, because there are some

440
00:21:03,800 --> 00:21:07,000
Speaker 2: incredible benefits, specifically financial benefits, and we're going to cover

441
00:21:07,080 --> 00:21:13,159
Speaker 2: a bunch of those right after the break.

442
00:21:18,640 --> 00:21:21,440
Speaker 1: All right, let's keep the conversation going. We're talking about

443
00:21:21,720 --> 00:21:23,840
Speaker 1: what it looks like to be in the military to

444
00:21:23,920 --> 00:21:26,600
Speaker 1: serve the country but also become a millionaire at the

445
00:21:26,640 --> 00:21:28,840
Speaker 1: same time. And we talked about Matt some of the

446
00:21:28,880 --> 00:21:32,440
Speaker 1: hurdles to being in the military. It's not easy, right,

447
00:21:32,520 --> 00:21:34,639
Speaker 1: It is a sacrifice, and we're talking with Lacy Langford

448
00:21:34,680 --> 00:21:37,600
Speaker 1: specifically about that. But Lacy, we want to talk about

449
00:21:37,640 --> 00:21:39,240
Speaker 1: some of these benefits in some of the ways that

450
00:21:39,520 --> 00:21:43,199
Speaker 1: you can join the military and still end up with

451
00:21:43,280 --> 00:21:45,960
Speaker 1: a seven figure retirement. But I guess I wanted to

452
00:21:46,000 --> 00:21:49,639
Speaker 1: ask you about your sphere of influence, and that's something

453
00:21:49,640 --> 00:21:52,439
Speaker 1: that you're big on. You talk about the controlling the

454
00:21:52,440 --> 00:21:55,359
Speaker 1: things that we can control, and like, why do you

455
00:21:55,400 --> 00:21:57,000
Speaker 1: put such an emphasis on that. I feel like there's

456
00:21:57,000 --> 00:22:00,679
Speaker 1: so much discussion these days about things that aren't really

457
00:22:00,720 --> 00:22:03,399
Speaker 1: in our control, things that politicians might or might not

458
00:22:03,520 --> 00:22:07,560
Speaker 1: do ways that that could influence us financially, but a

459
00:22:07,600 --> 00:22:09,200
Speaker 1: lot of that I don't know. It's hard to grab onto.

460
00:22:09,880 --> 00:22:11,639
Speaker 3: Yeah, I think that's wasted energy.

461
00:22:11,720 --> 00:22:14,240
Speaker 4: The only thing you truly have control over is yourself

462
00:22:14,240 --> 00:22:16,960
Speaker 4: and how you react to something, and when you serve

463
00:22:17,000 --> 00:22:19,679
Speaker 4: in the military, there are great benefits that come to that.

464
00:22:19,680 --> 00:22:21,920
Speaker 4: I always tell people the best decision I ever made

465
00:22:21,920 --> 00:22:24,560
Speaker 4: for myself was joining the military. You know, that was

466
00:22:24,600 --> 00:22:28,320
Speaker 4: before children, before anybody else, and that I think was

467
00:22:29,000 --> 00:22:31,840
Speaker 4: kind of a pivotal moment in my life. And it

468
00:22:32,080 --> 00:22:34,560
Speaker 4: you know, there are hard times, but that's any job,

469
00:22:34,600 --> 00:22:36,640
Speaker 4: that's anything in life that you do, but there are

470
00:22:36,680 --> 00:22:39,080
Speaker 4: great things that come with it. And you know, the

471
00:22:39,119 --> 00:22:41,399
Speaker 4: military has a lot of say in what you do

472
00:22:41,440 --> 00:22:43,399
Speaker 4: and where you go, when you go, how you're going

473
00:22:43,440 --> 00:22:46,040
Speaker 4: to dress, what you're going to do in your free time.

474
00:22:46,359 --> 00:22:48,640
Speaker 4: You know, it's a twenty four to seven job and

475
00:22:48,760 --> 00:22:51,800
Speaker 4: those things are completely out of your control. But the

476
00:22:51,880 --> 00:22:54,120
Speaker 4: thing you can control is when you're told I'm going

477
00:22:54,160 --> 00:22:57,200
Speaker 4: somewhere short notice, Okay, how can I handle this? How

478
00:22:57,200 --> 00:22:59,399
Speaker 4: can I handle this best for myself and from my family?

479
00:23:00,040 --> 00:23:02,960
Speaker 4: You know, how can I handle the thought that that's

480
00:23:03,000 --> 00:23:05,359
Speaker 4: looming I might be leaving, I might be moving. You know,

481
00:23:05,440 --> 00:23:08,159
Speaker 4: my spouse might be out of a job soon. So

482
00:23:08,480 --> 00:23:11,400
Speaker 4: you if you spend all your time worrying about those things,

483
00:23:12,600 --> 00:23:14,360
Speaker 4: that takes up the time that you could be spending

484
00:23:14,400 --> 00:23:15,679
Speaker 4: on getting on the offense.

485
00:23:15,760 --> 00:23:17,280
Speaker 3: Okay, let's build up our savings.

486
00:23:17,480 --> 00:23:20,600
Speaker 4: Let's you know, make a PCs proof job, or let's

487
00:23:20,600 --> 00:23:23,960
Speaker 4: get with a company that is, you know, virtually based.

488
00:23:24,280 --> 00:23:26,840
Speaker 4: What do we have control over that we can do

489
00:23:26,920 --> 00:23:30,280
Speaker 4: to make our financial situation and our quality of life

490
00:23:30,800 --> 00:23:34,840
Speaker 4: consistent no matter what the military throws at us. I

491
00:23:34,880 --> 00:23:38,000
Speaker 4: think is really important in knowing your goals and then

492
00:23:38,640 --> 00:23:40,760
Speaker 4: you know, controlling what you can control, I think helps

493
00:23:40,800 --> 00:23:41,720
Speaker 4: you find more success.

494
00:23:42,280 --> 00:23:45,560
Speaker 2: Okay, so let's let's get to the goods, lazy, are

495
00:23:45,960 --> 00:23:48,400
Speaker 2: what are the biggest financial perks of joining the military,

496
00:23:48,400 --> 00:23:50,800
Speaker 2: because I think the pay might be low when you

497
00:23:50,880 --> 00:23:54,040
Speaker 2: are first enlisting, but there are a host of other

498
00:23:54,080 --> 00:23:56,480
Speaker 2: benefits that we would love for you to share with

499
00:23:56,520 --> 00:23:57,080
Speaker 2: our listeners.

500
00:23:57,720 --> 00:24:00,600
Speaker 4: Yes, so, well, first of all, it's a same paycheck.

501
00:24:00,680 --> 00:24:03,880
Speaker 4: That's one thing that is really good, especially when you're

502
00:24:03,920 --> 00:24:06,119
Speaker 4: eighteen years old. I joined when I was nineteen, and

503
00:24:06,160 --> 00:24:08,520
Speaker 4: that was huge. I was able to you know, pay

504
00:24:08,560 --> 00:24:11,119
Speaker 4: off some credit card debt I had and save money,

505
00:24:11,640 --> 00:24:14,640
Speaker 4: so that is wonderful. You also have medical benefits, so

506
00:24:14,880 --> 00:24:16,800
Speaker 4: I was always taken care of when I was sick.

507
00:24:17,119 --> 00:24:18,880
Speaker 4: I had one time had a pneumonia in every part

508
00:24:18,920 --> 00:24:21,239
Speaker 4: of my body or every part of my lungs, and

509
00:24:22,600 --> 00:24:24,080
Speaker 4: you know, all that was taking care.

510
00:24:23,960 --> 00:24:24,359
Speaker 3: Of for me.

511
00:24:24,480 --> 00:24:28,080
Speaker 4: You know, they you know, all the medication, the hospital visits,

512
00:24:28,119 --> 00:24:30,080
Speaker 4: all of those things was covered.

513
00:24:30,560 --> 00:24:33,840
Speaker 1: That's Tricare, right, and it's basically the best health insurance

514
00:24:33,840 --> 00:24:35,840
Speaker 1: policy available anywhere.

515
00:24:35,960 --> 00:24:38,800
Speaker 4: Essentially, yes, I mean some people will debate that, but

516
00:24:39,000 --> 00:24:40,040
Speaker 4: I think it is.

517
00:24:40,359 --> 00:24:41,040
Speaker 3: It is the best.

518
00:24:41,080 --> 00:24:44,960
Speaker 4: In fact, now that my husband is retired and we

519
00:24:45,040 --> 00:24:48,119
Speaker 4: still have Tricare all the time when I go to

520
00:24:48,160 --> 00:24:50,159
Speaker 4: the doctor, you know, if it's a question of is

521
00:24:50,200 --> 00:24:52,359
Speaker 4: it covered, you know, we'll have to research it. And

522
00:24:52,359 --> 00:24:53,879
Speaker 4: then I'm like, well we have Tricare and that oh no,

523
00:24:53,920 --> 00:24:56,600
Speaker 4: it's going to be covered. So it's like they you

524
00:24:56,640 --> 00:24:59,480
Speaker 4: know it is. It is a really good benefit to have.

525
00:25:00,320 --> 00:25:01,720
Speaker 4: That's really where the money's at.

526
00:25:01,840 --> 00:25:04,520
Speaker 2: So again, being a kid, I wasn't an army brat,

527
00:25:04,600 --> 00:25:07,840
Speaker 2: so we never moved around. But my father with him

528
00:25:07,840 --> 00:25:10,480
Speaker 2: being in the being in the military, being in the army.

529
00:25:10,880 --> 00:25:12,720
Speaker 1: I definitely remember many.

530
00:25:12,600 --> 00:25:16,560
Speaker 2: Visits to the on Post hospital, but yeah, not having

531
00:25:16,680 --> 00:25:19,080
Speaker 2: to basically pay anything for all the broken arms, but

532
00:25:19,119 --> 00:25:22,280
Speaker 2: I had, like as a kid, I know, that's nothing

533
00:25:22,320 --> 00:25:25,920
Speaker 2: that my parents certainly appreciated all those hospital visits.

534
00:25:26,080 --> 00:25:28,359
Speaker 4: Oh yeah, definitely my parents too with four kids and

535
00:25:28,560 --> 00:25:31,760
Speaker 4: just always pushing each other or doing something.

536
00:25:31,520 --> 00:25:35,440
Speaker 1: Stupid stitches, broken bones. Yeah, well, I like that. You

537
00:25:35,480 --> 00:25:38,760
Speaker 1: mentioned study paycheck, and you mentioned too how you joined

538
00:25:38,760 --> 00:25:42,200
Speaker 1: at nineteen and for a lot of people, Matt mentioned, all, well,

539
00:25:42,359 --> 00:25:45,440
Speaker 1: you know, the pay is not great early on necessarily,

540
00:25:45,760 --> 00:25:47,760
Speaker 1: which is which is kind of true, but it's also

541
00:25:47,840 --> 00:25:50,760
Speaker 1: kind of not true because compared to your peers and

542
00:25:50,800 --> 00:25:53,360
Speaker 1: what they'd be able to earn, you kind of you're

543
00:25:53,359 --> 00:25:56,200
Speaker 1: starting out of the gate earning a decent amount compared

544
00:25:56,200 --> 00:25:58,679
Speaker 1: to other people who are in their teens.

545
00:25:58,760 --> 00:26:03,560
Speaker 4: Right, Oh yes, I mean, because that's it's not just

546
00:26:03,600 --> 00:26:05,359
Speaker 4: a steady paycheck and the income that you're going to

547
00:26:05,400 --> 00:26:08,080
Speaker 4: make it to those benefits. So receiving free medical care

548
00:26:08,200 --> 00:26:12,159
Speaker 4: is huge, and not to mention all the medication, you know,

549
00:26:12,240 --> 00:26:13,879
Speaker 4: especially if you have something that you need all of

550
00:26:13,920 --> 00:26:17,080
Speaker 4: the time, that's a huge savings as well. But then

551
00:26:17,240 --> 00:26:20,320
Speaker 4: also the education benefits. I joined at nineteen. I earned

552
00:26:20,359 --> 00:26:22,880
Speaker 4: a steady paycheck, but I also earned a free education

553
00:26:23,080 --> 00:26:25,760
Speaker 4: or I had the old GI bill, and so it

554
00:26:25,760 --> 00:26:29,080
Speaker 4: doesn't I didn't pay as much as the post nine

555
00:26:29,080 --> 00:26:31,919
Speaker 4: eleven GI bill, but that still made it so I

556
00:26:31,920 --> 00:26:35,280
Speaker 4: could get out of college without paying anything. You know.

557
00:26:35,320 --> 00:26:37,760
Speaker 4: I worked to help make up the difference while I

558
00:26:37,840 --> 00:26:40,320
Speaker 4: was in college, but I did a lot of non

559
00:26:40,359 --> 00:26:43,920
Speaker 4: traditional things like I hosted parties for my apartment complex,

560
00:26:43,960 --> 00:26:46,800
Speaker 4: and so they gave they discounted my rent for throwing

561
00:26:46,840 --> 00:26:47,240
Speaker 4: a party.

562
00:26:47,320 --> 00:26:49,480
Speaker 3: So wow, yeah, I know it's like.

563
00:26:49,440 --> 00:26:54,000
Speaker 1: Joel's dream job. Could I get paid for Yes?

564
00:26:54,600 --> 00:26:56,080
Speaker 4: Yeah, I had to do one once a month for

565
00:26:56,119 --> 00:26:58,720
Speaker 4: all of the college students. And because I was older

566
00:26:58,800 --> 00:27:02,480
Speaker 4: when I actually started back to school while it was

567
00:27:02,480 --> 00:27:05,400
Speaker 4: on active duty, but then separated and finished my education,

568
00:27:05,960 --> 00:27:08,320
Speaker 4: so that was you know, they were looking for somebody

569
00:27:08,320 --> 00:27:10,679
Speaker 4: that had a little bit more life experience but was

570
00:27:11,040 --> 00:27:13,040
Speaker 4: still a student, and it.

571
00:27:13,000 --> 00:27:13,840
Speaker 3: Worked out well for me.

572
00:27:14,080 --> 00:27:16,080
Speaker 1: So you mentioned the post nine to eleven GI bill,

573
00:27:16,080 --> 00:27:19,760
Speaker 1: which changed a lot, and it really kind of opened

574
00:27:19,840 --> 00:27:22,640
Speaker 1: up kind of even more educational benefits to people who serve.

575
00:27:23,800 --> 00:27:26,760
Speaker 1: But it doesn't even have to be like a traditional

576
00:27:27,359 --> 00:27:31,919
Speaker 1: four year degree. Right, that's covered like there's one you

577
00:27:31,920 --> 00:27:35,520
Speaker 1: get room and board covered, right, And there's certification certifications

578
00:27:35,600 --> 00:27:37,800
Speaker 1: or flight school that kind of stuff that there's all

579
00:27:37,840 --> 00:27:40,520
Speaker 1: sorts of ways that this can be used. And you

580
00:27:40,520 --> 00:27:44,080
Speaker 1: can even transfer benefits of the JIBILL to a family

581
00:27:44,080 --> 00:27:44,879
Speaker 1: members that right.

582
00:27:45,040 --> 00:27:48,760
Speaker 4: Correct, If you have a certain time left in the

583
00:27:48,800 --> 00:27:51,680
Speaker 4: military and you commit to a certain time, then yes,

584
00:27:51,760 --> 00:27:54,560
Speaker 4: you can transfer your benefits to your spouse or any

585
00:27:54,600 --> 00:27:57,560
Speaker 4: of your dependents, so your child or anybody that's basically

586
00:27:57,760 --> 00:28:01,520
Speaker 4: in your deer's account can receive that benefit. But yes,

587
00:28:01,680 --> 00:28:03,639
Speaker 4: what you said too is true. There's so many ways

588
00:28:03,640 --> 00:28:06,199
Speaker 4: you can use it now for certificates, you know, if

589
00:28:06,200 --> 00:28:09,399
Speaker 4: you wanted to do a welding program, and to be honest,

590
00:28:09,440 --> 00:28:11,639
Speaker 4: I mean even if it wasn't like you probably submit

591
00:28:11,680 --> 00:28:13,840
Speaker 4: and ask for a waiver of some sort. But they

592
00:28:13,920 --> 00:28:16,639
Speaker 4: really are trying to make sure that you know, when

593
00:28:16,680 --> 00:28:18,600
Speaker 4: you get out of the military and make this transition

594
00:28:19,160 --> 00:28:22,240
Speaker 4: to your next career path, that you have what you

595
00:28:22,320 --> 00:28:23,640
Speaker 4: need to do, that.

596
00:28:23,240 --> 00:28:24,880
Speaker 1: You are equipped. I love that.

597
00:28:24,960 --> 00:28:28,199
Speaker 2: I love that they're also willing or you said welding.

598
00:28:28,240 --> 00:28:30,119
Speaker 2: So it makes me think of just the skilled trades

599
00:28:30,160 --> 00:28:32,760
Speaker 2: and the supply is low when it comes to folks

600
00:28:32,760 --> 00:28:35,520
Speaker 2: who have who are blue collar workers who have those

601
00:28:35,640 --> 00:28:39,920
Speaker 2: skilled trades. But I think that's fantastic. Let's kind of

602
00:28:39,920 --> 00:28:42,280
Speaker 2: get more financial and nerdy with it, I guess. But

603
00:28:42,720 --> 00:28:45,400
Speaker 2: retirement plans, can we talk about that that the just

604
00:28:45,560 --> 00:28:47,760
Speaker 2: some of the different things that the military offers. How

605
00:28:48,120 --> 00:28:51,760
Speaker 2: generous are they because my dad's got a pension, so

606
00:28:51,840 --> 00:28:54,120
Speaker 2: like he's got that regular payment. But I know things

607
00:28:54,120 --> 00:28:56,600
Speaker 2: have changed now, it's it acts a little bit more

608
00:28:56,600 --> 00:28:57,880
Speaker 2: like a four to win K. Can you kind of

609
00:28:57,880 --> 00:29:00,280
Speaker 2: outline what is available.

610
00:28:59,800 --> 00:29:04,480
Speaker 4: These Yes, So basically, prior to the end of twenty seventeen,

611
00:29:05,600 --> 00:29:07,600
Speaker 4: most people that served in the military, I think the

612
00:29:07,640 --> 00:29:09,800
Speaker 4: stat was eighty five percent of people that served in

613
00:29:09,800 --> 00:29:12,560
Speaker 4: the military left with no retirement. So that means that

614
00:29:12,600 --> 00:29:15,480
Speaker 4: they separated or for some reason got out of the

615
00:29:15,480 --> 00:29:19,120
Speaker 4: military before they were eligible to receive a pension.

616
00:29:19,040 --> 00:29:22,320
Speaker 1: Which was what twenty years right, Yes, And.

617
00:29:22,400 --> 00:29:24,120
Speaker 4: I mean there are some nuances like if you got

618
00:29:24,120 --> 00:29:27,040
Speaker 4: selected in a force reduction, then you you probably could retire,

619
00:29:27,280 --> 00:29:29,600
Speaker 4: you know, at seventeen, it just you know, they're in

620
00:29:29,680 --> 00:29:32,280
Speaker 4: twenty eighteen, there was they did do that, they reduced

621
00:29:32,280 --> 00:29:35,560
Speaker 4: the force, so and there's been other times in history

622
00:29:35,640 --> 00:29:38,760
Speaker 4: of the military that that's happened, but that's an act

623
00:29:38,760 --> 00:29:41,360
Speaker 4: of Congress that makes it so you can retire with less.

624
00:29:41,360 --> 00:29:44,840
Speaker 4: But on the whole it's twenty years. So that was really,

625
00:29:45,760 --> 00:29:48,160
Speaker 4: you know, not good that so many people were serving

626
00:29:48,280 --> 00:29:51,200
Speaker 4: i mean ten years or twelve years, fifty missing out

627
00:29:51,240 --> 00:29:53,719
Speaker 4: all that amazing benefit yep, and getting out and then

628
00:29:53,760 --> 00:29:57,000
Speaker 4: never receiving their pension. And so what they did, and

629
00:29:57,040 --> 00:30:01,000
Speaker 4: it's also to a retention feature and recruiting feature, is

630
00:30:01,040 --> 00:30:04,680
Speaker 4: that they changed the retirement system so you are still

631
00:30:04,720 --> 00:30:07,920
Speaker 4: eligible for a pension after twenty years. But now they've

632
00:30:07,920 --> 00:30:11,280
Speaker 4: incorporated a you know, a type of four to one K,

633
00:30:11,480 --> 00:30:12,480
Speaker 4: which it already had.

634
00:30:12,680 --> 00:30:13,360
Speaker 3: Was the TSP.

635
00:30:13,480 --> 00:30:16,240
Speaker 4: The Thirst Savings Plan is the you know, the federal

636
00:30:16,280 --> 00:30:20,040
Speaker 4: government's retirement contribution Plan. And so what it was was

637
00:30:20,080 --> 00:30:22,520
Speaker 4: that you could give money to your TSP, but there

638
00:30:22,560 --> 00:30:25,480
Speaker 4: was no match and you know, some people didn't take

639
00:30:25,480 --> 00:30:28,240
Speaker 4: advantage of the TSP, which was a real bummer. Or

640
00:30:28,280 --> 00:30:31,440
Speaker 4: in the beginning when it started out, they contributed your

641
00:30:31,440 --> 00:30:34,080
Speaker 4: money to the G Fund, which was basically you know,

642
00:30:34,120 --> 00:30:37,160
Speaker 4: government securities and was losing money with inflation. And so

643
00:30:37,200 --> 00:30:41,320
Speaker 4: if you never went in and changed your funds. Then

644
00:30:41,360 --> 00:30:44,160
Speaker 4: after twenty years you basically had no money or you know.

645
00:30:44,600 --> 00:30:46,880
Speaker 2: Like investing your four one K dollars within a money

646
00:30:46,880 --> 00:30:50,280
Speaker 2: market account basically like two or three percent, yes.

647
00:30:50,320 --> 00:30:53,760
Speaker 4: And so it basically hurt people in that way, and

648
00:30:53,840 --> 00:30:56,160
Speaker 4: then they changed it to the life cycle funds.

649
00:30:56,160 --> 00:30:57,360
Speaker 3: So they made some changes.

650
00:30:57,400 --> 00:31:00,520
Speaker 4: But ultimately, now if you join the middle terry, now

651
00:31:00,560 --> 00:31:02,880
Speaker 4: you are in what they call the blended retirement system,

652
00:31:02,960 --> 00:31:05,160
Speaker 4: which is the new You can receive a pension after

653
00:31:05,160 --> 00:31:09,080
Speaker 4: twenty years, but you also receive a matching contribution to

654
00:31:09,120 --> 00:31:12,480
Speaker 4: your thrift savings plan. It's set up automatically when you join.

655
00:31:13,040 --> 00:31:16,080
Speaker 4: You could, you know, opt out of it for I

656
00:31:16,080 --> 00:31:17,720
Speaker 4: don't know why you do that, but you could.

657
00:31:20,080 --> 00:31:23,760
Speaker 2: And so now like receiving a government match for right

658
00:31:23,880 --> 00:31:25,960
Speaker 2: any amount that or I guess what is the.

659
00:31:25,880 --> 00:31:31,520
Speaker 4: Match, It's five percent, So one percent is automatic, you know,

660
00:31:31,600 --> 00:31:34,440
Speaker 4: doesn't matter what you contribute. The government is going to

661
00:31:34,440 --> 00:31:36,720
Speaker 4: put in one percent, and then after that it's up

662
00:31:36,760 --> 00:31:38,120
Speaker 4: to four percent if you put that in.

663
00:31:38,480 --> 00:31:40,360
Speaker 1: And the fees are really low too, right, So I

664
00:31:40,360 --> 00:31:43,280
Speaker 1: mean this is like one of the best retirement accounts available.

665
00:31:43,440 --> 00:31:46,760
Speaker 4: Yes, it really is. It's you know depending all of

666
00:31:46,800 --> 00:31:49,200
Speaker 4: them are low. You know, your return obviously is going

667
00:31:49,240 --> 00:31:51,280
Speaker 4: to depend on which are the five funds that you

668
00:31:51,320 --> 00:31:53,280
Speaker 4: put it in. So they have life cycle funds, which

669
00:31:53,320 --> 00:31:55,440
Speaker 4: is the equivalent of a target date fund, and then

670
00:31:55,480 --> 00:31:58,680
Speaker 4: they have five funds index funds that you could put

671
00:31:58,680 --> 00:32:03,000
Speaker 4: your money into which it's you know, super low and

672
00:32:03,000 --> 00:32:06,120
Speaker 4: then now receiving the match at such a discounted rate

673
00:32:07,000 --> 00:32:07,920
Speaker 4: or low rate.

674
00:32:08,320 --> 00:32:09,640
Speaker 3: And then also now they have.

675
00:32:09,680 --> 00:32:13,080
Speaker 4: Incorporated mutual funds, which is a new thing for the

676
00:32:13,080 --> 00:32:15,600
Speaker 4: Thrift Savings Plan, so you're eligible to do that, but

677
00:32:15,640 --> 00:32:17,760
Speaker 4: it's something like you have to have forty thousand dollars

678
00:32:18,280 --> 00:32:21,800
Speaker 4: in your Thrift Savings Plan and basically you create this

679
00:32:21,960 --> 00:32:25,160
Speaker 4: window through your MyPay account and you're able to contribute

680
00:32:25,760 --> 00:32:28,200
Speaker 4: money to start up a mutual fund account, but it

681
00:32:28,720 --> 00:32:31,680
Speaker 4: requires a minimum of ten thousand dollars. So there's more

682
00:32:31,800 --> 00:32:34,480
Speaker 4: requirements for that, and that's you know, within the last

683
00:32:35,040 --> 00:32:38,040
Speaker 4: six months or a year. Is new, so they're still

684
00:32:38,040 --> 00:32:41,040
Speaker 4: adjusting to that. But yeah, the Thrift Savings Plan is huge,

685
00:32:41,080 --> 00:32:42,960
Speaker 4: and the big thing is that if you decide that

686
00:32:43,040 --> 00:32:46,040
Speaker 4: you don't want to stay in the military for twenty years,

687
00:32:46,320 --> 00:32:49,320
Speaker 4: you now will walk away with a retirement account, which

688
00:32:49,320 --> 00:32:50,080
Speaker 4: is huge, which.

689
00:32:49,960 --> 00:32:51,520
Speaker 1: Is something that's amazing.

690
00:32:51,760 --> 00:32:54,160
Speaker 2: Yeah, and it's you basically have the ability to have

691
00:32:54,240 --> 00:32:55,960
Speaker 2: your cake and eat it too. I mean, you're getting

692
00:32:56,000 --> 00:32:58,640
Speaker 2: the TSP with a match, but also if you stick

693
00:32:58,680 --> 00:33:01,080
Speaker 2: it out and you end up, yeah, stand there for

694
00:33:01,120 --> 00:33:02,920
Speaker 2: at least twenty years, the ability to walk away with

695
00:33:02,960 --> 00:33:05,840
Speaker 2: that pension in addition to that TSP, that's pretty sweet.

696
00:33:05,840 --> 00:33:07,800
Speaker 1: It Yeah, it sets you up. And most people like say,

697
00:33:07,840 --> 00:33:11,280
Speaker 1: I'm sure don't join the military, thinking oh, the healthcare

698
00:33:11,440 --> 00:33:13,640
Speaker 1: and the retirement, Like, look at this, twenty years down

699
00:33:13,680 --> 00:33:16,280
Speaker 1: the road, I'm going to be completely financially secure. I

700
00:33:16,320 --> 00:33:18,600
Speaker 1: just got to make it from nineteen to thirty nine, right.

701
00:33:18,680 --> 00:33:21,840
Speaker 1: But I'm sure a lot of people once they wade

702
00:33:21,880 --> 00:33:25,800
Speaker 1: into the details, if they realize these things, they're probably

703
00:33:25,840 --> 00:33:27,920
Speaker 1: saying to themselves, wait a second, this could be my

704
00:33:27,960 --> 00:33:30,920
Speaker 1: first career. I could be essentially financially independent after twenty

705
00:33:31,040 --> 00:33:34,240
Speaker 1: years of service, and then I can get that education,

706
00:33:34,480 --> 00:33:36,680
Speaker 1: I can have the retirement savings, I can have the pension,

707
00:33:37,000 --> 00:33:38,920
Speaker 1: and then I can move on to do something, do

708
00:33:39,000 --> 00:33:41,760
Speaker 1: something else, Like did it happen to a lot of

709
00:33:41,800 --> 00:33:45,040
Speaker 1: people where it's like a next career, But I've already

710
00:33:45,120 --> 00:33:46,840
Speaker 1: kind of taken care of all the financial stuff that's

711
00:33:46,920 --> 00:33:47,920
Speaker 1: really important.

712
00:33:48,120 --> 00:33:48,560
Speaker 3: It does.

713
00:33:48,640 --> 00:33:50,600
Speaker 4: I mean, I'm sure that there are a lot of

714
00:33:50,640 --> 00:33:54,440
Speaker 4: people also that don't financially prepare and then twenty years

715
00:33:54,440 --> 00:33:57,600
Speaker 4: somehow sneaks up on you and then it's like, wait

716
00:33:57,640 --> 00:33:58,960
Speaker 4: a minute, now, what am I going to do? I

717
00:33:59,000 --> 00:34:01,080
Speaker 4: didn't save as much as I should have, But for

718
00:34:01,160 --> 00:34:05,280
Speaker 4: a lot of people, they are actually saving big money

719
00:34:05,280 --> 00:34:07,600
Speaker 4: on active duty. I had this one kid, he was

720
00:34:07,640 --> 00:34:10,000
Speaker 4: I think twenty years old, and he didn't have a

721
00:34:10,040 --> 00:34:12,719
Speaker 4: college degree, but he got trained up by the military

722
00:34:12,840 --> 00:34:16,719
Speaker 4: for it work and heavy you know, under having a

723
00:34:16,760 --> 00:34:20,000
Speaker 4: security clearance, so very private stuff that he was doing,

724
00:34:20,040 --> 00:34:22,520
Speaker 4: and he received a very large bonus every year. That's

725
00:34:22,520 --> 00:34:25,040
Speaker 4: another part is if you work in a critically manned

726
00:34:25,040 --> 00:34:27,600
Speaker 4: field or you know where they're really trying to retain

727
00:34:27,640 --> 00:34:29,719
Speaker 4: you because you could get out as a civilian and

728
00:34:29,760 --> 00:34:32,080
Speaker 4: make a lot more money. You're receiving a large bonus.

729
00:34:32,120 --> 00:34:34,959
Speaker 4: It could be, you know, fifty thousand dollars a year

730
00:34:35,239 --> 00:34:37,080
Speaker 4: on top of your normal pay and benefits.

731
00:34:37,680 --> 00:34:38,680
Speaker 3: But this that's a.

732
00:34:38,680 --> 00:34:39,240
Speaker 1: Lot of money.

733
00:34:39,280 --> 00:34:40,040
Speaker 3: It is it is.

734
00:34:40,080 --> 00:34:42,600
Speaker 2: Wait, so what is a critically manned field? Is that

735
00:34:42,680 --> 00:34:46,239
Speaker 2: just a department or a field where there's just it

736
00:34:46,280 --> 00:34:48,480
Speaker 2: either requires a high level of skill or there's just

737
00:34:48,960 --> 00:34:51,080
Speaker 2: a demand for that position to be filled.

738
00:34:51,239 --> 00:34:54,480
Speaker 4: Yes, so you know combat arms, people that are going

739
00:34:54,560 --> 00:34:57,640
Speaker 4: to be fighting. I don't know that there's it changes.

740
00:34:57,800 --> 00:34:59,880
Speaker 4: It's based on recruitment numbers.

741
00:35:00,120 --> 00:35:01,000
Speaker 3: So it just if.

742
00:35:00,880 --> 00:35:02,719
Speaker 4: You, you know, we're able to get a lot of

743
00:35:02,760 --> 00:35:06,520
Speaker 4: people in this field then and retain them, then probably

744
00:35:06,520 --> 00:35:07,759
Speaker 4: not going to get a bonus. But if you're having

745
00:35:07,760 --> 00:35:11,279
Speaker 4: a hard time getting people in a field like bomb disposal,

746
00:35:11,760 --> 00:35:14,320
Speaker 4: then they're probably going to give a bonus to encourage

747
00:35:14,320 --> 00:35:15,040
Speaker 4: people to join.

748
00:35:15,840 --> 00:35:17,680
Speaker 3: So yeah, those type of things.

749
00:35:17,680 --> 00:35:20,080
Speaker 2: But it's and yeah, well that makes sense. I mean

750
00:35:20,120 --> 00:35:22,480
Speaker 2: if you're if you're the hurt locker, like you should

751
00:35:22,520 --> 00:35:25,000
Speaker 2: be getting paid a heck of a lot more than

752
00:35:25,320 --> 00:35:28,399
Speaker 2: somebody who's crunching numbers back in an office but air

753
00:35:28,400 --> 00:35:29,440
Speaker 2: conditioned office, right yeah.

754
00:35:29,480 --> 00:35:33,759
Speaker 4: Yeah, Or like doctors, you know, were dentists, attorneys, things

755
00:35:33,760 --> 00:35:35,600
Speaker 4: like that, could that could get out and make a

756
00:35:35,640 --> 00:35:37,759
Speaker 4: lot of money, they need to retain them.

757
00:35:38,200 --> 00:35:42,120
Speaker 2: Okay, so you've got an interesting history you actually, I mean,

758
00:35:42,160 --> 00:35:44,760
Speaker 2: so you left the Air Force, I do I understand

759
00:35:44,760 --> 00:35:47,520
Speaker 2: it quickly, you didn't quite stick it out long enough

760
00:35:47,520 --> 00:35:50,839
Speaker 2: to get that that pension. But I'm curious what it

761
00:35:50,880 --> 00:35:52,799
Speaker 2: is that made you go ahead and pull and leave

762
00:35:52,840 --> 00:35:53,360
Speaker 2: the Air Force.

763
00:35:53,960 --> 00:35:56,239
Speaker 4: I got out after four years of serving. It was

764
00:35:56,360 --> 00:36:00,400
Speaker 4: one of the most difficult decisions I made. I still

765
00:36:00,480 --> 00:36:02,600
Speaker 4: sometimes think, man, did I make the right one? Because

766
00:36:02,640 --> 00:36:05,719
Speaker 4: I really enjoyed serving in the military. Again, not not

767
00:36:05,800 --> 00:36:08,600
Speaker 4: completely easy, but I served during peacetime. I actually got

768
00:36:08,600 --> 00:36:11,920
Speaker 4: out just a couple months before nine to eleven. And

769
00:36:12,080 --> 00:36:14,799
Speaker 4: but I come from a large military family. So you know,

770
00:36:15,000 --> 00:36:18,320
Speaker 4: my siblings are still on active duty, you know, married

771
00:36:18,320 --> 00:36:20,480
Speaker 4: in the military, a lot of friends in the military,

772
00:36:20,520 --> 00:36:24,280
Speaker 4: and so that's something that really comes with I guess

773
00:36:24,560 --> 00:36:26,960
Speaker 4: my family is serving, and so I think all the

774
00:36:26,960 --> 00:36:30,120
Speaker 4: time was at the right decision. But I really wanted

775
00:36:30,160 --> 00:36:31,759
Speaker 4: to go back to school. I was also at that

776
00:36:31,760 --> 00:36:35,000
Speaker 4: point dating my husband. It was really serious and we

777
00:36:35,640 --> 00:36:37,680
Speaker 4: were really wianing do we want to be what they

778
00:36:37,719 --> 00:36:41,560
Speaker 4: call dual military, you know, and have children where there's

779
00:36:41,560 --> 00:36:43,200
Speaker 4: a potential that we're both going to leave at the

780
00:36:43,200 --> 00:36:45,279
Speaker 4: same time, which you know, ended up being a smart

781
00:36:45,320 --> 00:36:48,440
Speaker 4: decision because nine to eleven was a couple of you know,

782
00:36:48,480 --> 00:36:50,879
Speaker 4: months after that, and then my husband was immediately gone

783
00:36:50,920 --> 00:36:53,759
Speaker 4: all the time. So that turned out to be be

784
00:36:53,880 --> 00:36:57,480
Speaker 4: the correct decision there. But I really wanted to pursue

785
00:36:57,480 --> 00:37:01,279
Speaker 4: my education and finance. I grew up in again, a

786
00:37:01,280 --> 00:37:03,839
Speaker 4: blessed household where we talked about money. I didn't always

787
00:37:03,880 --> 00:37:05,880
Speaker 4: listen to my parents, I will say, especially when I

788
00:37:05,920 --> 00:37:10,000
Speaker 4: was young and enlisted, and you know.

789
00:37:10,080 --> 00:37:11,680
Speaker 1: You glossed over the credit card debt part of your

790
00:37:12,239 --> 00:37:14,400
Speaker 1: early on we heard you. We don't need to bring

791
00:37:14,440 --> 00:37:14,919
Speaker 1: it up again.

792
00:37:15,760 --> 00:37:19,200
Speaker 4: I did that a few times so but and still,

793
00:37:19,280 --> 00:37:21,919
Speaker 4: you know, not perfect with money. I like to always

794
00:37:21,960 --> 00:37:24,279
Speaker 4: say that on my podcast too, like financial professionals arm

795
00:37:24,320 --> 00:37:27,600
Speaker 4: immune too, making the best decisions all the time. But

796
00:37:27,600 --> 00:37:29,600
Speaker 4: but anyway, but I wanted to further my education. I

797
00:37:29,600 --> 00:37:31,600
Speaker 4: wanted to take it to the next level for my

798
00:37:31,760 --> 00:37:36,160
Speaker 4: children to learn more about investments and building wealth and

799
00:37:36,239 --> 00:37:39,280
Speaker 4: you know, financial freedom. And that's why I think I started,

800
00:37:39,320 --> 00:37:41,960
Speaker 4: you know, on this path, and I had good intentions

801
00:37:42,000 --> 00:37:45,000
Speaker 4: of it. Being so traditional and being a financial advisor

802
00:37:45,160 --> 00:37:48,000
Speaker 4: and then being a military spouse made that very difficult

803
00:37:48,080 --> 00:37:51,680
Speaker 4: to have a traditional career in finance. And so that's

804
00:37:51,719 --> 00:37:54,319
Speaker 4: how I've kind of lily padded or taken a non

805
00:37:54,360 --> 00:37:56,440
Speaker 4: traditional path in my career.

806
00:37:56,680 --> 00:38:00,520
Speaker 1: To get where I'm at kind of adapted. Yeah, because

807
00:38:00,520 --> 00:38:02,320
Speaker 1: you have to, like you were talking about earlier, with

808
00:38:03,320 --> 00:38:06,200
Speaker 1: military spouse careers and stuff like that, you've got to

809
00:38:06,200 --> 00:38:09,640
Speaker 1: be flexible if nothing else. Lacy, We've got a couple

810
00:38:09,719 --> 00:38:11,560
Speaker 1: more questions we want to get to with you, including

811
00:38:11,760 --> 00:38:17,560
Speaker 1: we'll get one other specific financial and federal act that

812
00:38:17,600 --> 00:38:19,520
Speaker 1: people need to know about if they're going to serve

813
00:38:19,520 --> 00:38:22,080
Speaker 1: in the military that provides financial benefits. We'll get to

814
00:38:22,440 --> 00:38:24,200
Speaker 1: questions on that and more. Right after this.

815
00:38:33,800 --> 00:38:36,920
Speaker 2: We are back from the break talking with Lacey Langford

816
00:38:37,560 --> 00:38:41,560
Speaker 2: on how to get from the military to millionaire status

817
00:38:41,640 --> 00:38:44,560
Speaker 2: and Lacy. Right before the break, Joel hinted at this act.

818
00:38:44,600 --> 00:38:47,279
Speaker 2: But let's talk about the Service Members Civil Relief Act

819
00:38:47,560 --> 00:38:50,359
Speaker 2: because that offers some specific financial relief for members who

820
00:38:50,400 --> 00:38:51,600
Speaker 2: are serving overseas.

821
00:38:52,040 --> 00:38:52,680
Speaker 1: Is that correct?

822
00:38:52,880 --> 00:38:55,600
Speaker 4: Well, the Service Member of Civil Relief Act is really

823
00:38:55,640 --> 00:39:00,520
Speaker 4: focused on debt that you incurred before you join the military.

824
00:39:01,040 --> 00:39:04,799
Speaker 4: Then there is the Military Lending Act, which focuses on

825
00:39:04,880 --> 00:39:08,400
Speaker 4: active duty service members and their spouses and their families

826
00:39:08,680 --> 00:39:11,840
Speaker 4: in order to protect them financially. So the Service Civil

827
00:39:11,880 --> 00:39:15,719
Speaker 4: Relief Actor, the scra it makes it. So let's say

828
00:39:15,719 --> 00:39:17,840
Speaker 4: you took out a credit card and you ran it

829
00:39:17,920 --> 00:39:19,960
Speaker 4: up to you know, ten thousand dollars in your interest

830
00:39:20,040 --> 00:39:24,080
Speaker 4: rate was thirteen percent before you joined the military. Well

831
00:39:24,160 --> 00:39:27,160
Speaker 4: under the SCRA they have to reduce it to six percent.

832
00:39:27,640 --> 00:39:30,920
Speaker 4: So that's a huge savings on your interest rate and

833
00:39:31,000 --> 00:39:35,320
Speaker 4: being able to pay back that debt quicker for service members.

834
00:39:36,080 --> 00:39:38,839
Speaker 4: And that's what it's meant, Like you're joining now and

835
00:39:39,239 --> 00:39:41,920
Speaker 4: it provides that protection for them, and it actually goes

836
00:39:41,960 --> 00:39:44,600
Speaker 4: through legal and you know the JAG offices on the

837
00:39:44,600 --> 00:39:47,920
Speaker 4: installations to help people with that. But most banks now

838
00:39:48,000 --> 00:39:52,279
Speaker 4: and financial institutions are well aware of this benefit and

839
00:39:52,320 --> 00:39:54,800
Speaker 4: that you know they have to lower it to six percent.

840
00:39:55,880 --> 00:39:58,200
Speaker 1: And like one of the things too, I forget is

841
00:39:58,200 --> 00:39:59,920
Speaker 1: it part of the service Member Civil Relief Actor the

842
00:40:00,080 --> 00:40:04,520
Speaker 1: Military Lending Act. But like if someone who serves in

843
00:40:04,560 --> 00:40:07,640
Speaker 1: the military has a credit card with an annual fee,

844
00:40:07,920 --> 00:40:09,719
Speaker 1: that annual fee is supposed to be waived while they're

845
00:40:09,719 --> 00:40:12,399
Speaker 1: serving overseas, and some of these credit card companies say, ah,

846
00:40:12,400 --> 00:40:15,239
Speaker 1: we're just gonna wave it all together every single year

847
00:40:15,320 --> 00:40:17,360
Speaker 1: while you're serving. So sometimes you can have like an

848
00:40:17,400 --> 00:40:19,480
Speaker 1: American Express credit card with like a six hundred and

849
00:40:19,520 --> 00:40:21,759
Speaker 1: ninety five dollars annual fee that's just waived if you're

850
00:40:21,800 --> 00:40:22,840
Speaker 1: in the military, right.

851
00:40:23,280 --> 00:40:28,120
Speaker 4: Yes, Well, what it is actually is that the interpretation

852
00:40:28,239 --> 00:40:30,840
Speaker 4: of those laws, the Military Lending Act and the SCRA

853
00:40:31,280 --> 00:40:34,400
Speaker 4: more so the Military Lending Act, which that started with

854
00:40:34,440 --> 00:40:38,080
Speaker 4: trying to protect people from payday loans. But yes, it's

855
00:40:38,120 --> 00:40:42,160
Speaker 4: hard to interpret some of those laws. Financial institutions, credit

856
00:40:42,160 --> 00:40:44,920
Speaker 4: card companies, and so that's what they end up doing

857
00:40:45,000 --> 00:40:47,480
Speaker 4: is leaning towards like we're just gonna wave it because

858
00:40:47,880 --> 00:40:51,000
Speaker 4: there's some nuances to things and it's easier to just

859
00:40:51,040 --> 00:40:54,520
Speaker 4: go ahead and wave those fees. Lower your interest rate,

860
00:40:54,640 --> 00:40:58,200
Speaker 4: and oftentimes they'll do that just especially if you're getting

861
00:40:58,200 --> 00:41:00,960
Speaker 4: ready to deploy. That's another feature is a lot of

862
00:41:01,880 --> 00:41:05,319
Speaker 4: especially military banks, will lower your interest rates during your

863
00:41:05,360 --> 00:41:07,960
Speaker 4: deployments to six percent, even if it's something that you

864
00:41:08,000 --> 00:41:10,440
Speaker 4: took on after you joined the military. A lot of

865
00:41:10,440 --> 00:41:12,399
Speaker 4: times they'll put it down to six percent or five

866
00:41:12,440 --> 00:41:16,160
Speaker 4: percent while you're gone. But yes, the annual fee, that's

867
00:41:16,160 --> 00:41:20,680
Speaker 4: a huge thing with the American Express Platinum, especially for

868
00:41:20,800 --> 00:41:22,160
Speaker 4: geting ready to get out. A lot of in the

869
00:41:22,160 --> 00:41:23,879
Speaker 4: military community is like, go ahead and get it because

870
00:41:23,880 --> 00:41:25,759
Speaker 4: I'll wave it for that first year. Then you get

871
00:41:25,800 --> 00:41:26,920
Speaker 4: all those benefits.

872
00:41:27,400 --> 00:41:28,040
Speaker 1: Very nice.

873
00:41:28,200 --> 00:41:30,919
Speaker 2: So, Lacy, you talked about the GI Bill and how

874
00:41:31,080 --> 00:41:34,200
Speaker 2: essentially a lot virtually anything can be covered out.

875
00:41:34,239 --> 00:41:35,680
Speaker 1: I like that for you you went back to school.

876
00:41:35,680 --> 00:41:37,640
Speaker 2: If somebody else wants to go learn how to weld,

877
00:41:37,880 --> 00:41:39,680
Speaker 2: that's great as well as certainly that'll help a lot

878
00:41:39,719 --> 00:41:43,880
Speaker 2: of folks to transition back to civilian life. But aside

879
00:41:43,880 --> 00:41:46,360
Speaker 2: from that, aside from kind of the education and training,

880
00:41:46,719 --> 00:41:48,600
Speaker 2: do you think that there is any sort of prep

881
00:41:48,880 --> 00:41:51,799
Speaker 2: work that folks in the military should do as they're

882
00:41:51,840 --> 00:41:54,560
Speaker 2: getting ready to exit military service?

883
00:41:54,560 --> 00:41:55,920
Speaker 1: Basically, what are the biggest.

884
00:41:55,640 --> 00:41:59,960
Speaker 2: Obstacles you think when entering civilian life after let's say

885
00:42:00,080 --> 00:42:01,800
Speaker 2: a couple decades of service.

886
00:42:02,120 --> 00:42:05,080
Speaker 4: That's a really great question, and one hundred percent yes,

887
00:42:05,160 --> 00:42:07,560
Speaker 4: you should be preparing your finances to get out of

888
00:42:07,560 --> 00:42:12,240
Speaker 4: the military at least two years out. And the reason

889
00:42:12,280 --> 00:42:14,759
Speaker 4: why is because it is a major transition, especially if

890
00:42:14,800 --> 00:42:18,080
Speaker 4: you've served twenty years. Your identity is changing, your career

891
00:42:18,160 --> 00:42:20,720
Speaker 4: is changing, and it's not just you, it's your family,

892
00:42:20,719 --> 00:42:24,080
Speaker 4: it's your spouse, and so it's really important for everybody

893
00:42:24,120 --> 00:42:27,759
Speaker 4: to start preparing for this transition because you know, you

894
00:42:27,800 --> 00:42:30,680
Speaker 4: may get a job making the same amount of money,

895
00:42:30,719 --> 00:42:34,200
Speaker 4: but a lot of your benefits aren't taxed. So you

896
00:42:34,280 --> 00:42:37,880
Speaker 4: receive a basic allowance for subsistence, your bas for food,

897
00:42:38,360 --> 00:42:42,000
Speaker 4: you receive a basic allowance for housing or BAH. When

898
00:42:42,000 --> 00:42:44,520
Speaker 4: it says allowance, that means that that's tax free. But

899
00:42:45,200 --> 00:42:47,360
Speaker 4: when you get out, that money is going to be taxed,

900
00:42:48,120 --> 00:42:50,280
Speaker 4: so you're not going to be making as much money

901
00:42:50,280 --> 00:42:53,840
Speaker 4: as you thought. Also, too, a lot of service members

902
00:42:53,880 --> 00:42:56,200
Speaker 4: that ops tempo has lowered a lot, but you've done

903
00:42:56,239 --> 00:42:58,760
Speaker 4: a lot of deployments where you have received a year's

904
00:42:58,800 --> 00:43:02,120
Speaker 4: salary or six months salary tax free because you're in

905
00:43:02,160 --> 00:43:05,160
Speaker 4: a hostile duty area which has lowered your income and

906
00:43:05,200 --> 00:43:08,319
Speaker 4: you haven't paid as much taxes or any taxes. And

907
00:43:08,400 --> 00:43:10,880
Speaker 4: so then you get out and now you're paying taxes,

908
00:43:10,880 --> 00:43:13,799
Speaker 4: and that's a shock to people. And so also the

909
00:43:13,880 --> 00:43:16,360
Speaker 4: location are you moving? Are you going to stay in

910
00:43:16,400 --> 00:43:19,320
Speaker 4: the same spot? Do you need a certificate to perform

911
00:43:19,360 --> 00:43:22,600
Speaker 4: your duty in the civilian world? Aviation is a good

912
00:43:22,640 --> 00:43:25,080
Speaker 4: example of that. If you want to be an AMP

913
00:43:25,640 --> 00:43:29,160
Speaker 4: mechanic an airframe and power plant, you work on planes

914
00:43:29,160 --> 00:43:31,279
Speaker 4: in the military without an AMP license. Well, if you're

915
00:43:31,280 --> 00:43:33,600
Speaker 4: going to do that at a major airport, or anywhere

916
00:43:33,760 --> 00:43:36,719
Speaker 4: in the aviation industry, you're gonna need amp license, so

917
00:43:36,800 --> 00:43:38,879
Speaker 4: you should start getting that while you're on active duty

918
00:43:38,880 --> 00:43:42,440
Speaker 4: where your education benefits can pay for it, and then

919
00:43:42,480 --> 00:43:45,680
Speaker 4: you're ready to work in that job making that full

920
00:43:45,719 --> 00:43:49,040
Speaker 4: amount when you get out. So there's all these nuances

921
00:43:49,360 --> 00:43:52,919
Speaker 4: to prepare your finances for, but also your quality of life,

922
00:43:52,920 --> 00:43:56,480
Speaker 4: your mental health to make this transition out. That starting

923
00:43:56,520 --> 00:43:59,920
Speaker 4: early on can make the transition less stressful for you

924
00:44:00,160 --> 00:44:00,760
Speaker 4: and your family.

925
00:44:01,680 --> 00:44:03,120
Speaker 1: Sounds like in some ways you got to make hay

926
00:44:03,160 --> 00:44:07,240
Speaker 1: while the sun shines. Prepare in advance, save well, taxes

927
00:44:07,280 --> 00:44:10,359
Speaker 1: are low because of these allowances and stuff like that.

928
00:44:10,640 --> 00:44:13,800
Speaker 1: We'll start saving and investing more during that time period.

929
00:44:13,960 --> 00:44:16,799
Speaker 1: So when you get out, like there's not as much

930
00:44:16,840 --> 00:44:19,120
Speaker 1: of a fire under yours. So that cultural to a

931
00:44:19,160 --> 00:44:22,240
Speaker 1: strike culture shock. Yeah, yes, okay, so I'm quite I'm curious.

932
00:44:22,239 --> 00:44:24,239
Speaker 1: We've got a lot of listeners who are in their

933
00:44:24,239 --> 00:44:26,279
Speaker 1: teens and early twenties. That's like my favorite when we

934
00:44:26,280 --> 00:44:28,359
Speaker 1: get listener questions from people who are still in their teams,

935
00:44:28,360 --> 00:44:31,560
Speaker 1: still in high school. Yeah they listen, but that might

936
00:44:31,560 --> 00:44:33,200
Speaker 1: be the time when it's most appealing to make a

937
00:44:33,239 --> 00:44:36,319
Speaker 1: bigger life decision like joining the military, and I don't know,

938
00:44:36,360 --> 00:44:38,040
Speaker 1: somebody might be listening in that, and they said, with

939
00:44:38,080 --> 00:44:40,560
Speaker 1: perks like that, why not do you think people should

940
00:44:40,640 --> 00:44:43,799
Speaker 1: let the financial benefits tail kind of wag the dog here?

941
00:44:44,040 --> 00:44:46,399
Speaker 1: And what else should they be considering before they sign

942
00:44:46,520 --> 00:44:47,120
Speaker 1: up to surf.

943
00:44:47,480 --> 00:44:49,879
Speaker 4: If you're willing to do what's asked of you when

944
00:44:49,880 --> 00:44:51,680
Speaker 4: it comes time, you know, nine to eleven is a

945
00:44:51,719 --> 00:44:54,200
Speaker 4: really great example. Many people had served a long time

946
00:44:54,560 --> 00:44:56,799
Speaker 4: during peace time and they were called up, you know,

947
00:44:56,880 --> 00:45:01,040
Speaker 4: to deploy to be in combat. You know, medical personnel

948
00:45:01,120 --> 00:45:04,680
Speaker 4: were required to be there to treat people that had

949
00:45:04,719 --> 00:45:08,480
Speaker 4: combat wounds. So, you know, doesn't matter what your job is.

950
00:45:09,120 --> 00:45:11,920
Speaker 4: You your ultimate mission is to support, you know, and

951
00:45:11,960 --> 00:45:15,360
Speaker 4: defend the constitution. So if you're you know, the benefits

952
00:45:15,360 --> 00:45:17,520
Speaker 4: are really great, but know that at some point that

953
00:45:17,560 --> 00:45:19,759
Speaker 4: could be asked of you. That's what you're you're training for,

954
00:45:20,040 --> 00:45:22,640
Speaker 4: that's what you're doing your job for, and so keep

955
00:45:22,640 --> 00:45:24,480
Speaker 4: that in the back of your mind. But that doesn't

956
00:45:24,520 --> 00:45:26,680
Speaker 4: mean that it's not a good thing or that that

957
00:45:26,760 --> 00:45:30,920
Speaker 4: will actually happen. But and then also the moves, you know,

958
00:45:31,120 --> 00:45:34,160
Speaker 4: moving is a lot on some people, if especially if

959
00:45:34,160 --> 00:45:36,040
Speaker 4: you've grown up in a hometown and you've never been

960
00:45:36,080 --> 00:45:39,080
Speaker 4: away from home, so that's something to think about as well.

961
00:45:39,719 --> 00:45:42,120
Speaker 4: But there are so many great things, so many great friendships.

962
00:45:42,160 --> 00:45:45,360
Speaker 4: I mean, there's so much you know, brotherhood and sisterhood

963
00:45:45,360 --> 00:45:48,640
Speaker 4: bonding in the military, friendships that will last you a lifetime,

964
00:45:49,040 --> 00:45:52,000
Speaker 4: even you know, no matter where or how you've served.

965
00:45:52,000 --> 00:45:53,799
Speaker 4: So I think that you know, you just have to

966
00:45:53,840 --> 00:45:56,640
Speaker 4: weigh the pros and cons before you make that decision.

967
00:45:57,360 --> 00:45:59,000
Speaker 4: But you know, there's a lot of great things that

968
00:45:59,040 --> 00:46:01,960
Speaker 4: can come out of it besides just the financial benefits.

969
00:46:02,239 --> 00:46:04,000
Speaker 4: But you know, you have to be willing to do

970
00:46:04,600 --> 00:46:05,200
Speaker 4: the job too.

971
00:46:05,960 --> 00:46:07,280
Speaker 1: You've got to be willing to deploy.

972
00:46:07,480 --> 00:46:10,080
Speaker 2: You've got to be willing to move before you think

973
00:46:10,080 --> 00:46:12,360
Speaker 2: about the army, like Ben Folds did and when he

974
00:46:13,040 --> 00:46:13,560
Speaker 2: chose not to.

975
00:46:13,600 --> 00:46:15,480
Speaker 1: Join the army. But lazy.

976
00:46:15,760 --> 00:46:17,600
Speaker 2: This has been an awesome conversation, and thank you so

977
00:46:17,680 --> 00:46:19,400
Speaker 2: much for just sharing some of the insights, some of

978
00:46:19,440 --> 00:46:22,000
Speaker 2: your personal experience, but also just some of the other things,

979
00:46:22,000 --> 00:46:24,320
Speaker 2: some of the other benefits, but other things that you

980
00:46:24,320 --> 00:46:25,000
Speaker 2: should consider.

981
00:46:25,520 --> 00:46:27,760
Speaker 1: Where can folks learn more about you? You've got a podcast.

982
00:46:27,800 --> 00:46:30,200
Speaker 2: We want to make sure that folks can learn even

983
00:46:30,360 --> 00:46:32,920
Speaker 2: more about the military. Where can they find all that information?

984
00:46:33,200 --> 00:46:36,040
Speaker 4: Yes, definitely, please check out my podcast anywhere they're found

985
00:46:36,200 --> 00:46:38,200
Speaker 4: The Military Money Show. You can also find me at

986
00:46:38,280 --> 00:46:41,600
Speaker 4: Lacylangford dot com and the podcast is there as well,

987
00:46:41,680 --> 00:46:45,200
Speaker 4: and or anywhere on social media Lacey Langford and The

988
00:46:45,239 --> 00:46:46,120
Speaker 4: Military Money Show.

989
00:46:46,120 --> 00:46:48,319
Speaker 3: You can reach out to me. I love to chat well.

990
00:46:48,400 --> 00:46:50,600
Speaker 1: Lacey will get link to all that in the show

991
00:46:50,600 --> 00:46:52,480
Speaker 1: notes up on how to Money dot com. But thank

992
00:46:52,560 --> 00:46:53,600
Speaker 1: you again for joining.

993
00:46:53,360 --> 00:46:54,440
Speaker 3: Us, Thank you for having me.

994
00:46:55,040 --> 00:46:57,960
Speaker 2: Nice all right, Jill, great conversation with late. Did you

995
00:46:57,960 --> 00:47:00,279
Speaker 2: get my Ben Folds reference? Oh yeah, I love me

996
00:47:00,960 --> 00:47:04,520
Speaker 2: chick fil a that I did as a teenager.

997
00:47:04,600 --> 00:47:08,080
Speaker 1: Did you ever consider the army? Not really, No, but

998
00:47:08,440 --> 00:47:11,080
Speaker 1: it wasn't My dad didn't serve and so it was

999
00:47:11,120 --> 00:47:13,359
Speaker 1: not really in my family history yet, So I don't

1000
00:47:13,400 --> 00:47:16,120
Speaker 1: know why it was never really talked about. My uncle served.

1001
00:47:16,200 --> 00:47:19,080
Speaker 1: But did you Was there a ro OTC at your

1002
00:47:19,160 --> 00:47:21,480
Speaker 1: at your school? There was? Yeah, it wasn't something so

1003
00:47:21,520 --> 00:47:23,279
Speaker 1: it was more marching band than r OTC though.

1004
00:47:24,280 --> 00:47:26,359
Speaker 2: Yeah, it's interesting with my dad being in the army,

1005
00:47:26,800 --> 00:47:29,000
Speaker 2: it was never something that where he was just like, hey,

1006
00:47:29,080 --> 00:47:30,960
Speaker 2: you got to join the army as well. So I

1007
00:47:31,000 --> 00:47:34,440
Speaker 2: don't know, I appreciate his willingness to let me blaze

1008
00:47:34,440 --> 00:47:36,680
Speaker 2: my own blaze, my own trail, my own path.

1009
00:47:36,680 --> 00:47:38,960
Speaker 1: But do you have a big takeaway? Yeah, okay, I do.

1010
00:47:39,160 --> 00:47:41,600
Speaker 1: So I think that what stood out to me was

1011
00:47:41,800 --> 00:47:44,319
Speaker 1: I've got to by the way, two quick ones. All right,

1012
00:47:44,560 --> 00:47:47,400
Speaker 1: I think people serving in the military have different problems,

1013
00:47:47,400 --> 00:47:49,160
Speaker 1: but they have different perks. Right, So some of the

1014
00:47:49,160 --> 00:47:51,640
Speaker 1: perks are astronomy, and they're insane. And so when you

1015
00:47:51,640 --> 00:47:53,799
Speaker 1: talk about serving the military, having that pension for life,

1016
00:47:54,080 --> 00:47:58,160
Speaker 1: getting that five percent match in addition to essentially free healthcare, right,

1017
00:47:58,200 --> 00:48:00,680
Speaker 1: all this and some of the tax free text free

1018
00:48:00,680 --> 00:48:02,239
Speaker 1: income and stipends allowances that.

1019
00:48:02,200 --> 00:48:05,400
Speaker 2: You're a in the BHA or b yeah bah the

1020
00:48:06,200 --> 00:48:08,520
Speaker 2: that's a lot of income essentially that you're receiving that

1021
00:48:08,560 --> 00:48:11,600
Speaker 2: the government isn't they have control over other aspects of

1022
00:48:11,640 --> 00:48:14,200
Speaker 2: your lives or right, you're not getting taxed on.

1023
00:48:14,320 --> 00:48:16,640
Speaker 1: So the perks are insane, but also the problems are different,

1024
00:48:16,640 --> 00:48:20,279
Speaker 1: and so you're signing up there's a big they're big

1025
00:48:20,320 --> 00:48:21,960
Speaker 1: trade off on both fronts, and so it's like, Wow,

1026
00:48:22,000 --> 00:48:23,959
Speaker 1: I'm going to get this, this and this, but wow,

1027
00:48:24,000 --> 00:48:25,759
Speaker 1: I'm gonna have to sacrifice this, this and this, and

1028
00:48:25,800 --> 00:48:27,040
Speaker 1: so I think it does have to be in some

1029
00:48:27,080 --> 00:48:29,920
Speaker 1: ways a calling for people to say, all right, this

1030
00:48:29,960 --> 00:48:32,200
Speaker 1: is the direction I want to go in. Don't let

1031
00:48:32,280 --> 00:48:34,879
Speaker 1: the tail wag the dog. Sure, even though I think

1032
00:48:35,239 --> 00:48:36,720
Speaker 1: for a lot of people who are on the fence,

1033
00:48:37,080 --> 00:48:39,440
Speaker 1: this might help them. See wait a second, Oh man,

1034
00:48:40,040 --> 00:48:42,040
Speaker 1: I thought it was going to be a financial sacrifice too,

1035
00:48:42,320 --> 00:48:45,120
Speaker 1: but maybe in actuality it's not. No, maybe it's going

1036
00:48:45,160 --> 00:48:47,840
Speaker 1: to fuel my ability to reach financial independence. Yeah, especially

1037
00:48:47,840 --> 00:48:49,400
Speaker 1: like if you're a nineteen year old, like the ability

1038
00:48:49,400 --> 00:48:49,919
Speaker 1: to put it in.

1039
00:48:49,840 --> 00:48:53,560
Speaker 2: Twenty years, So nineteen twenty nine, thirty nine years old,

1040
00:48:53,680 --> 00:48:55,960
Speaker 2: like what a you know, great time I think to

1041
00:48:56,000 --> 00:48:59,600
Speaker 2: potentially relaunch, or not relaunch, but just start an entirely

1042
00:48:59,640 --> 00:49:01,480
Speaker 2: new career to try to try something different.

1043
00:49:01,520 --> 00:49:03,080
Speaker 1: But you get that free education while you were at it.

1044
00:49:03,120 --> 00:49:06,359
Speaker 1: You got to you know, get the development and get

1045
00:49:06,400 --> 00:49:09,040
Speaker 1: the degree. It's so great for that next second career.

1046
00:49:09,120 --> 00:49:09,520
Speaker 1: I love it.

1047
00:49:09,840 --> 00:49:11,719
Speaker 2: And I think it's really important that we're taking care

1048
00:49:11,760 --> 00:49:14,759
Speaker 2: of our service members. So I get to reduce my

1049
00:49:14,920 --> 00:49:17,319
Speaker 2: two big takeaways down to one because you kind of

1050
00:49:17,360 --> 00:49:20,239
Speaker 2: touched on one of mine, which is the like the willingness,

1051
00:49:20,239 --> 00:49:22,160
Speaker 2: like you've you got to make sure that you're willing

1052
00:49:22,239 --> 00:49:24,400
Speaker 2: to take this seriously, like you don't just do it

1053
00:49:24,440 --> 00:49:25,040
Speaker 2: for the perks.

1054
00:49:25,239 --> 00:49:27,560
Speaker 1: You need to basically be willing to put your life

1055
00:49:27,560 --> 00:49:28,000
Speaker 1: on the line.

1056
00:49:28,760 --> 00:49:31,560
Speaker 2: And then so my other so my true takeaway is

1057
00:49:31,560 --> 00:49:33,800
Speaker 2: before we even really got to talking about the military stuff,

1058
00:49:33,920 --> 00:49:38,200
Speaker 2: I really liked how she talked about how her parents

1059
00:49:38,640 --> 00:49:42,239
Speaker 2: talked to her and her siblings about money, and it's

1060
00:49:42,320 --> 00:49:44,920
Speaker 2: how she is talking to her sons about money as well.

1061
00:49:44,920 --> 00:49:47,279
Speaker 2: But she said that I am raising you to be

1062
00:49:47,320 --> 00:49:51,920
Speaker 2: fully functioning adults, And I think that is such a

1063
00:49:51,960 --> 00:49:55,000
Speaker 2: great way to think about all the things that we

1064
00:49:55,280 --> 00:49:57,520
Speaker 2: encounter as we're raising our kids. Right, So, whether there's

1065
00:49:57,520 --> 00:49:59,520
Speaker 2: an obstacle that's in front of our kid, sometimes we

1066
00:49:59,520 --> 00:50:01,680
Speaker 2: want to remove those obstacles, right, but sometimes we want

1067
00:50:01,719 --> 00:50:04,680
Speaker 2: to let them remain in order for our kids to

1068
00:50:04,760 --> 00:50:07,239
Speaker 2: learn and for them to overcome those obstacles as well.

1069
00:50:07,400 --> 00:50:10,600
Speaker 2: The ability for us to teach our kids in ways

1070
00:50:11,280 --> 00:50:14,000
Speaker 2: via different lessons, whether it be through like a part

1071
00:50:14,000 --> 00:50:16,080
Speaker 2: time high school job, there are things that they are

1072
00:50:16,520 --> 00:50:19,279
Speaker 2: likely going to learn working for a company, having a

1073
00:50:19,320 --> 00:50:22,640
Speaker 2: boss somebody that isn't their parent, who has told them

1074
00:50:22,680 --> 00:50:24,799
Speaker 2: what to do for the past sixteen years of their life,

1075
00:50:24,800 --> 00:50:26,279
Speaker 2: they're going to learn some of these lessons, And I

1076
00:50:26,320 --> 00:50:29,200
Speaker 2: think that's just an awesome sort of filter to run

1077
00:50:29,239 --> 00:50:32,000
Speaker 2: some of these questions through. By doing this or by

1078
00:50:32,040 --> 00:50:34,600
Speaker 2: not doing this, for you, am I training you up

1079
00:50:34,640 --> 00:50:37,000
Speaker 2: to be a fully functioning adult. I think that's awesome

1080
00:50:37,200 --> 00:50:37,920
Speaker 2: parenting advice.

1081
00:50:38,080 --> 00:50:40,080
Speaker 1: I still think that high school job that I think

1082
00:50:40,160 --> 00:50:41,840
Speaker 1: it's just you know, a job at Chick fil across

1083
00:50:41,840 --> 00:50:44,279
Speaker 1: from the high school. But I credit yeah, going back

1084
00:50:44,320 --> 00:50:46,160
Speaker 1: to beIN full I credit that to a lot honestly

1085
00:50:46,280 --> 00:50:49,080
Speaker 1: in my life, just having to look people in the eye,

1086
00:50:49,120 --> 00:50:50,440
Speaker 1: having to show up on time, Like, there were a

1087
00:50:50,480 --> 00:50:54,319
Speaker 1: lot of intangible and tangible skills I learned working in

1088
00:50:54,440 --> 00:50:58,120
Speaker 1: fast food, you know, having to deal with an irate customer.

1089
00:50:58,160 --> 00:51:00,080
Speaker 1: Even if I wasn't the one who caused the issue,

1090
00:51:00,239 --> 00:51:03,240
Speaker 1: I would tell most parents, Hey, I think it's probably

1091
00:51:03,280 --> 00:51:04,680
Speaker 1: a really good idea for your kid to get a

1092
00:51:04,719 --> 00:51:07,120
Speaker 1: high school job, even if it's only seven or eight

1093
00:51:07,160 --> 00:51:09,960
Speaker 1: hours a week. It's those skills that you learn. It's

1094
00:51:09,960 --> 00:51:11,320
Speaker 1: not about the money, it's not about the income. You

1095
00:51:11,320 --> 00:51:13,160
Speaker 1: don't make much. I was making five dollars and fifteen

1096
00:51:13,160 --> 00:51:15,040
Speaker 1: cents an hour. Yeah, it gave me a little bit

1097
00:51:15,080 --> 00:51:17,839
Speaker 1: of money and helped me figure out how to use

1098
00:51:17,880 --> 00:51:19,319
Speaker 1: the money that was coming in. But it was all

1099
00:51:19,360 --> 00:51:21,040
Speaker 1: those other things where they were even more important.

1100
00:51:21,120 --> 00:51:24,000
Speaker 2: Absolutely. Yeah, just that little bit of exposure I think

1101
00:51:24,040 --> 00:51:25,799
Speaker 2: can go such a long one. Yes, But all right,

1102
00:51:25,880 --> 00:51:27,520
Speaker 2: let's get back to the beer, and we actually have

1103
00:51:27,600 --> 00:51:31,160
Speaker 2: a crazy It's funny because this sort of seems like

1104
00:51:31,200 --> 00:51:33,879
Speaker 2: just a random Wednesday episode where we're talking to a guest,

1105
00:51:33,880 --> 00:51:37,080
Speaker 2: but we've got a crazy, crazy good beer that we're

1106
00:51:37,160 --> 00:51:39,080
Speaker 2: enjoying today. I thought you might actually even say something

1107
00:51:39,080 --> 00:51:41,799
Speaker 2: at the beginning. And it's so special because normally on

1108
00:51:41,880 --> 00:51:44,400
Speaker 2: our guests interviews, we don't really bore them with the

1109
00:51:44,480 --> 00:51:47,279
Speaker 2: details of what we're drinking, right, we say that for

1110
00:51:47,320 --> 00:51:49,080
Speaker 2: the end, but tell everybody what we're drinking.

1111
00:51:49,080 --> 00:51:52,359
Speaker 1: All right. So this is the Canty Young Goose, which

1112
00:51:52,600 --> 00:51:55,400
Speaker 1: is I mean, just one of the finest beers in

1113
00:51:55,440 --> 00:51:59,200
Speaker 1: all the world, the entire world. Literally. Yeah. This brewery

1114
00:51:59,239 --> 00:52:02,040
Speaker 1: is out of out of Belgium, and Emily and I

1115
00:52:02,080 --> 00:52:04,319
Speaker 1: we had the good fortune to go check out this

1116
00:52:04,360 --> 00:52:06,600
Speaker 1: brewery in person nine years ago, and I bought this

1117
00:52:06,719 --> 00:52:09,759
Speaker 1: bottle nine years ago, brought it home and this is

1118
00:52:09,800 --> 00:52:12,040
Speaker 1: the last bottle I mean I literally brought thirty seven

1119
00:52:12,040 --> 00:52:14,279
Speaker 1: beers home from that trip. This is the last, the

1120
00:52:14,320 --> 00:52:17,680
Speaker 1: last one, and we're sharing it on Today's.

1121
00:52:16,600 --> 00:52:18,479
Speaker 2: Really the reason it was up in the office because

1122
00:52:18,520 --> 00:52:20,880
Speaker 2: what didn't you bring it in after? Like when you

1123
00:52:20,920 --> 00:52:22,919
Speaker 2: all are moving so at the beginning of the summer, y'all,

1124
00:52:22,960 --> 00:52:24,920
Speaker 2: when the construction was happening to the house. Yeah, you

1125
00:52:24,960 --> 00:52:26,200
Speaker 2: had to move a lot of stuff out of your house,

1126
00:52:26,239 --> 00:52:28,760
Speaker 2: isn't that when you brought this cantillone to the office,

1127
00:52:28,760 --> 00:52:30,280
Speaker 2: And so it kind of sat there in the fridge

1128
00:52:30,320 --> 00:52:32,719
Speaker 2: and we're like why not? And we're like, hey, why

1129
00:52:32,800 --> 00:52:35,640
Speaker 2: we should have enjoyed this one on our seven hundredth episode.

1130
00:52:35,640 --> 00:52:37,719
Speaker 2: That would have been a good way to commemorate.

1131
00:52:37,400 --> 00:52:40,560
Speaker 1: But instead, why not? Random Well we're talking with Lazy

1132
00:52:40,680 --> 00:52:44,439
Speaker 1: about military millionaires. But man, yeah, so did you enjoy

1133
00:52:44,480 --> 00:52:46,879
Speaker 1: this beer? Yeah? Very much. I mean it brought back

1134
00:52:47,080 --> 00:52:49,600
Speaker 1: just the visit, all the Marines. The scent in that

1135
00:52:49,680 --> 00:52:53,160
Speaker 1: place was just it was I mean, I can't even

1136
00:52:53,200 --> 00:52:53,680
Speaker 1: describe it.

1137
00:52:53,680 --> 00:52:57,719
Speaker 2: It was beautiful at list visit for me, absolutely, the

1138
00:52:57,760 --> 00:52:59,160
Speaker 2: ability to go to Canton in person.

1139
00:52:59,160 --> 00:53:01,080
Speaker 1: I want to go back, so we'll do it together.

1140
00:53:01,160 --> 00:53:03,399
Speaker 1: But yeah, I'm all about it. This beer, I think

1141
00:53:03,440 --> 00:53:07,120
Speaker 1: the biggest word that you can that I can attribute

1142
00:53:07,120 --> 00:53:09,400
Speaker 1: to it is funky. Like these cante owned beers have

1143
00:53:09,480 --> 00:53:12,239
Speaker 1: this special funk because of the way that they are

1144
00:53:12,320 --> 00:53:13,799
Speaker 1: brewed and the way and I got to see it,

1145
00:53:13,840 --> 00:53:15,800
Speaker 1: the way they put the beer in the cool ship

1146
00:53:16,160 --> 00:53:19,040
Speaker 1: with the windows open, like these natural yeasts of the

1147
00:53:19,080 --> 00:53:21,640
Speaker 1: air interact with this beer, creating this these like really

1148
00:53:21,760 --> 00:53:25,640
Speaker 1: unique funky flavors, but not overly funk, because that's the thing.

1149
00:53:25,719 --> 00:53:29,480
Speaker 2: Yeah, I've had some farmhouses that are produced stateside that

1150
00:53:29,560 --> 00:53:31,960
Speaker 2: were that I would say are funkier from like too

1151
00:53:32,040 --> 00:53:35,920
Speaker 2: much a blue cheese standpoint. The balance that they are

1152
00:53:35,960 --> 00:53:38,400
Speaker 2: able to pack into this bottle and the fact that yes,

1153
00:53:38,480 --> 00:53:41,400
Speaker 2: you got this nine years ago, and that this beer

1154
00:53:41,480 --> 00:53:45,480
Speaker 2: was so stable enough to not go completely like off

1155
00:53:45,560 --> 00:53:48,880
Speaker 2: the off the table ordn't enough to not basically go

1156
00:53:49,000 --> 00:53:52,719
Speaker 2: bad blows my mind. I was honestly, I was thinking, Man,

1157
00:53:52,719 --> 00:53:54,919
Speaker 2: there's a chance that this might be a letdown because

1158
00:53:54,960 --> 00:53:57,120
Speaker 2: it's not what you remember or we can just tell

1159
00:53:57,640 --> 00:53:59,640
Speaker 2: that oh wow, it continued.

1160
00:53:59,719 --> 00:54:01,080
Speaker 1: Oh yeah, I lost something.

1161
00:54:01,160 --> 00:54:03,840
Speaker 2: All the sugars are like it continued to the yeast

1162
00:54:03,880 --> 00:54:06,200
Speaker 2: or the alcohol continue to develop, and there's a zero

1163
00:54:06,239 --> 00:54:09,320
Speaker 2: sugar left and it's just turning our mouth inside out, basically.

1164
00:54:09,360 --> 00:54:12,480
Speaker 2: But I am blown away with the finesse, the balance,

1165
00:54:12,760 --> 00:54:15,600
Speaker 2: the flavors that are in this in this beer.

1166
00:54:15,680 --> 00:54:17,920
Speaker 1: Yeah, truly impressed. It only reaffirms my.

1167
00:54:17,920 --> 00:54:20,280
Speaker 2: Desire to go to Katis one of a con person.

1168
00:54:20,480 --> 00:54:24,319
Speaker 2: Absolutely and you're tasting, you're drinking the air in the

1169
00:54:24,360 --> 00:54:25,520
Speaker 2: surrounding village there.

1170
00:54:25,520 --> 00:54:26,960
Speaker 1: And there was one other brewer I didn't get two

1171
00:54:26,960 --> 00:54:30,520
Speaker 1: hours or dree Fontaine, which makes similar awesome lambi style beers.

1172
00:54:30,640 --> 00:54:33,520
Speaker 1: Same and so when I go back spontaneously fermented beers,

1173
00:54:33,520 --> 00:54:36,080
Speaker 1: I gotta get there also next time we go. But

1174
00:54:36,200 --> 00:54:38,600
Speaker 1: so good. We'll put on the list very appreciative if

1175
00:54:38,600 --> 00:54:39,960
Speaker 1: you're sharing bo oh yeah, man, I glad we got

1176
00:54:40,000 --> 00:54:41,239
Speaker 1: to have it all right, that's gonna do it for

1177
00:54:41,239 --> 00:54:43,319
Speaker 1: this episode. We'll put links to everything we mentioned in

1178
00:54:43,360 --> 00:54:45,160
Speaker 1: the show notes up at how to money dot com.

1179
00:54:45,200 --> 00:54:47,360
Speaker 1: And if you're like interested in joining the military and

1180
00:54:47,400 --> 00:54:49,799
Speaker 1: the benefits that come alongside of it, we'll link to

1181
00:54:50,040 --> 00:54:53,600
Speaker 1: Lacy's information, her website and her podcast too. You know it, buddy.

1182
00:54:53,640 --> 00:54:54,920
Speaker 1: That is going to be it for this one. So

1183
00:54:55,000 --> 00:55:09,239
Speaker 1: until next time, Best Friends Out, Best Friends Out.

1184
00:55:01,000 --> 00:55:01,040
Speaker 4: The