December 12, 2024 • 60 mins
Join our engaging discussion on military finance and personal wealth management, where we promise you'll uncover strategies to navigate financial challenges unique to military life. Featuring Joey Laswell, a certified financial social worker and former Air Force member, and Mr. Cameron, a veteran turned aspiring podcaster, we explore insights from Joey's inspiring journey of overcoming significant debt while in service. Discover how understanding personal finance behaviors and the contrast between perceived and actual wealth, as highlighted in "The Millionaire Next Door," can transform your financial approach.
Technology meets financial literacy as we uncover tools to streamline money management with insights from Andrew Huberman on the psychology of money. Learn why intentional spending is crucial and how the Rocket Money app can revolutionize your budgeting process with its intuitive features. We share relatable anecdotes on managing credit wisely and humorous takes on financial pitfalls, empowering you to take control of your economic life with confidence.
Celebrate military financial success stories and the vital role of early socialization in shaping your financial habits. Our conversation embraces the importance of cautious financial decisions, especially for those with security clearances, and the need for open dialogues to enhance financial literacy. Engaging musical interludes from Marine Corps veteran Noah Peterson add a vibrant touch, while we encourage listeners to find purpose beyond retirement and share their stories to inspire a community of financial empowerment.
Please join me on my different platforms and follow along my journey towards FIRE.
https://laswell.veteran.cards/
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
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Speaker 2 (00:35):
This entire military is one cohesive, dedicated force
.
And the threats to our nations?
They don't sleep.
They're watching our every move.
Iran, russia, china, northKorea, isis, al-qaeda they may
be watching this right now.
Our military should not bemistaken for our cable news gab
(01:00):
fest show.
We don't care what you looklike.
Speaker 1 (01:04):
We don't care who you voted for who you worship what
you worship, who you love.
Speaker 2 (01:09):
It doesn't matter if your dad left you millions when
he died or if you knew who yourfather was.
We have been honed into amachine of lethal moving parts
that you would be wise to avoid.
If you know what's good for you, we will not be intimidated.
We will not be intimidated.
We will not back down.
We don't want war, but if youwant war with the United States
(01:34):
of America, there's one thing Ican promise you, so help me God.
Someone else will raise yoursons and daughters.
Speaker 3 (01:47):
Military Broadcast Radio, the station that's giving
veterans a voice.
Speaker 2 (01:53):
Find us on the web at mbradious.
Speaker 4 (01:58):
Military.
I'm a certified financialsocial worker.
I was in the Air Force for 14years and then I paid off
$20,000 of debt while I wasactive duty within three years
as an E3.
So that's kind of like I gotreally into personal finance and
so I've been really passionateabout that ever since, and that
(02:20):
was 10, 12 years ago now.
So since then I became a socialworker and now I'm a certified
financial social worker.
So we kind of get into, youknow, dealing with finances but
then also kind of dealing withthe psychology behind finances,
like the you know, the mentalside of things.
Speaker 3 (02:38):
So Ladies and gentlemen, your battle buddy
when it comes to finances.
Please welcome the fire socialworker, joey Laswell.
Speaker 4 (02:52):
All right, hey everybody, this is Money in the
Military, on Military BroadcastRadio, where we're giving
veterans a voice, and I'mexcited to be here to talk to
you guys about money, as usualin the military spectrum.
So we do have a returning guest, mr Cameron.
How's it going, man?
Speaker 5 (03:13):
Good sir, how about?
Speaker 4 (03:14):
you Pretty good.
Pretty good, we've got somecool stuff going on.
I know you're busy.
You're actually going to beheading around this neck of the
woods so we might actually getto meet in person, hopefully.
Yes, sir, probably down thereon Saturday, okay, all right.
Yeah, so long-haul trucker,correct, yes sir.
(03:35):
And basically he's wanting todo a podcast and he's a veteran
and so he's been getting on somestreams with us and doing a
really good job and got somegood insights.
So we just wanted to invitecamera back and, uh, you know,
just kind of go through and talkabout, um, some, some military
(03:56):
specific financial topics, um,but then you know it's a, it's a
personal finance show, so wemight throw in some some uh,
just general personal financestuff that's going on in the
news or uh, whatever's relevantCause you know, this is a Q and
a.
So I've been getting some goodfeedback from people that they
like the Q and a format.
(04:17):
Uh gives people a chance to askquestions.
You know, maybe, if they'redon't want to do it on stream,
that's fine, but uh, yeah.
So we have people that, um,really kind of want to do kind
of a live, a live session, uh,maybe on the air.
Uh, we're not going to reallybe doing the uh phone call in.
(04:39):
I know that's something that we, that mbr, can do, but, um,
well, I'm not too worried aboutthat just yet.
So right now we're just we'rejust taking questions from the
web, from my Facebook group,just different questions that
people direct message me, thingslike that.
So good, yeah.
(05:01):
So one thing I did want tomention is something that I
actually did, just Um.
So one thing I did want tomention is something that I
actually did, uh, just recently,uh, financially, and um just
wanted to use it kind of as a asa talking point.
Um, so I had a car that was,you know, a newer car, um, but
the the the loan on it was waskind of high and I really wasn't
(05:22):
using it the way I was wantingto, um, and I was in a different
place when I bought the car.
So, basically, after doing someresearch and some digging, and
I basically decided to trade in,trade down my car essentially
into a nice little Honda Civic Iuse.
Honda Civic actually has 10,000 less miles than my current
(05:45):
car or my older car, um, and youknow it's gonna save me 250
bucks a month, um, just byswapping cars.
Yeah, well, 250 with with thechange in insurance that's going
to go down, um, things likethat.
So so, yeah, like with that one, with that one transaction I'm
(06:09):
saving 250 a month, um, um, withthat.
So it's kind of extreme, butyou know, like it's.
Also I don't know if you'veheard about the, the book the
millionaire next door, um, butyou know like it's, it's a, it's
a really good book, but, um,it's, it's kind of like the it's
it's the whole.
People that look, look rich areusually not rich, but the
(06:33):
people that don't look richusually are pretty, pretty
decently off because they're notshowing their wealth or trying
to show their wealth as much Ilike that, that, I like that
theory.
Speaker 5 (06:43):
That's nice yeah.
Speaker 4 (06:44):
Yeah.
So basically what they did wasin this book, they re, they read
or they interviewed a bunch ofactual millionaires and they
just kind of try to do someresearch and get some data on.
Okay, what is it?
What is the actual day-to-daylife of a millionaire look like?
And, surprisingly, a lot ofthem drive very reasonable cars.
So I got a honda civic, whichis a pretty reasonable car.
(07:07):
Yeah, um and uh and yeah, like,that's kind of like.
It's almost like a running jokein the in the fire community
that the people that you know,the, the, the ones that are
actually successful, are stilldriving that.
You know, 2010, h, 2010, hondaAccord or whatever you know yeah
.
So, yeah, I mean I'm excited tostart the new year off with,
(07:30):
you know, less $250, less amonth, also doing other things
to try to, you know, streamlinethe finances.
So, yeah, just hoping to getsome.
I'm going to do like a wholedetailed blog post about it and
share it with you guys.
But, uh, but yeah, just uh, youknow, just trying out different
things.
I'm always learning.
I'm always watching videos.
(07:51):
Um, there's a guy named uh,ramit Ramit Seti.
He's a finance guy.
Uh, he's, I will teach you tobe a millionaire and it's a
really good book.
Uh, he's got a netflix show.
Um man, I'm just fawning overhim.
But yeah he's, he's got a lot ofstuff, a lot of really cool
stuff, but uh, he actually umyeah, he talks about that a lot
(08:14):
of.
You know not having to be sorestrictive with your budget but
, um, you know, like I cut downmy, you cut down the expenses
that you don't really care about.
So, like, if you're not really,you know you're spending money
on, let's say, a gym membershipand you don't even really go to
the gym, then you could.
You know that's not somethingthat's valuable to you, but but
(08:37):
if you truly value like a hobbyor an interest, then you can
spend.
You should be able to spend onthat if you just cut everything
else to the bone.
So that's kind of it's a littleextreme for some people, but
it's just a different take onhow you look at your money.
Basically.
Speaker 5 (08:54):
And basically what you're saying is don't live
outside of what you're making.
Yeah, If you're making and againthis is a trucker's term If
you're making a thousand dollarsafter taxes per week or a job
where you're making a paycheckevery two weeks and you, let's
say, you bring it home threethousand dollars every two weeks
(09:16):
.
Don't, don't, don't.
Live outside those meets.
You know, you don't need allthe Netflix's and Internet and
TV's and go party.
And you don't need all theNetflixes and internets and TVs
and go party and you don't needall that.
Cut it down to where you couldput what would you say $50 a
paycheck, maybe $75 a paycheckback in savings and really just
(09:38):
watch what you're spending andbeing smart with it.
So yeah, I agree with thattheory.
I agree with how you need toreally open the picture up and
look at it and then go oh,that's got to go, that's got to
go, that's got to go and youjust keep picking it out until
you're down to the bone, yeah,yeah, I mean it's also spending
with.
Speaker 4 (09:57):
You know, like you hear the word mindfulness a lot,
but there is a certainmindlessness that we do with our
finances a lot.
So you know, being moreintentional with your spending
is also a big thing.
So you know, um, just likegoing, like going to the um, you
know, like you, watching yourcalories, calories in, calories
out, you know, like psych withyour budget, there are some
(10:18):
times where you're snacking,you're not even realizing that
you're consuming all thesecalories, these extra calories.
But then once you starttracking those things and you
realize, oh, wow, I'm, I'mactually, you know, ingesting
too much.
So you can kind of you can kindof pull back, but you need, you
need that accountability andthat visibility for some people.
Um, we got a comment or aquestion what was the title of
(10:40):
the book again?
So the first book that Imentioned was umaire Next Door,
and that's been out for manyyears now.
It's kind of like you know it'srequired reading for anyone in
the personal finance space.
It's, you know, just one of themany books that are just like
classics that you have to readand it kind, you know, shifts
(11:02):
your, your mindset on you knowhow to look at money and things
like that.
And then the other book Imentioned was I will teach you
to be rich, and that's by ramitseti seti.
Um, yeah, so those are two goodbooks.
Um, I, I think I'm I'm going totry to incorporate some more,
um, you know, like what I'mreading or what I'm watching and
(11:26):
kind of like have discussionsbased on that.
Yeah, um, I don't know if you'veheard of andrew huberman, but
he's got a, a new video out.
He's like a neuroscientist and,uh, ophthalmologist professor.
Ophthalmology professor.
He's just a super smart guy.
Puts out a lot of really great,you know, really interesting
(11:51):
content.
And he actually did.
He did a two hour plusinterview about psychology of
money, um, and I'm only halfwaythrough it and it's, it's
amazing.
So I'm excited to kind of diginto that and learn more about
cause I mean, they talk aboutit's.
It's a very wide-rangingconversation, but, uh, if you do
have a couple hours to kill andthese are like highly
researched, very well, like um,put together, um, you know, a
(12:16):
podcast, these are like highlevel quality.
So, you know, it's, uh, it's it.
It was kind of a big dealwhenever he dropped that, but
yeah, so got a comment from CBeyond Infinity Money in, money
out.
Definitely need to be moreintentional.
Need a stop sign on my card.
Speaker 6 (12:37):
Uh-oh, that's not a topic that I think you and me
need to touch right now.
Speaker 5 (12:43):
We might end up in the graveyard, no Uh-oh.
She's right.
And it's funny because you knowwe talk about watching what we
spend and we're talking about,again you know, watching what we
spend and how we look at things.
Man, you know the credit cards.
You know if you're really notwatching what you're spending,
(13:03):
because that's not free money.
You know there's an interestrate attached to it, there's
penalties, there's fees, there'severything.
And if you don't watch andtrack it like Dave Ramsey is a
good example you know he'll tellyou you don't need a credit
card.
I don't believe in him a wholelot but guess what?
It helps out my credit score ifI keep to a bare minimum.
(13:25):
They say no more than 30% onthe card.
Buy something to pay it off.
It will help you out in thelong run.
Again, cb on Infinity is right.
I wish schools would teach this.
Give a checkbook, write down aproblem and say look, how do you
(13:48):
figure this out?
Where do you need to cut themeat off the bone?
and say, I can still make aliving and I can still have a
little bit, but my bills arepaid and I can still put money
aside.
Schools don't teach that, teachthat and and unfortunately we
have some people like me we haveto learn by making the mistakes
(14:08):
going.
Uh well, put myself in fifteenthousand dollars worth of debt.
Speaker 6 (14:10):
So yeah, she is right you know I'm trying to make
hard.
Speaker 5 (14:12):
I wish there was.
I wish there was a way to put a, put a stop sign on there.
But um, yeah, you know well, geta side it's hard because you
get to a point where you don'thave that money coming in, or
and you just got bills comingout, and it doesn't stop, don't
stop, don't stop.
And you turn around and you'regoing oh, how am I going to
(14:33):
afford this?
Or you know how do I put foodon the table?
Sometimes you got to use thatcard and it's tough because he
raised it.
Benefits go up.
Uh, you know we switch jobs, westart at the bottom and it goes
on and on.
Speaker 4 (14:52):
So yeah, again, she's one percent right, you know, I
agree with her yeah, yeah,having a stop sign or some type
of um, I don't know like a alert.
Well, actually I just anotheranother financial thing that I
did just today.
Actually, I went ahead andsigned up to kind of try out
this whole Rocket Money app toreally give it a good try,
(15:15):
because I had used Mint beforeand I'd tried different things
and I'm just in that try phaseright now.
I'm like, hey, I'm hearing somegood things about it in general
and I like having all of myaccounts in like one spot.
You know so, like, like, whenyou pull up the app, it
basically has the full pick youhave to, you have to link all of
your accounts and that takes.
(15:35):
It takes a bit of a uh, it's abit of a headache, but overall,
you know like you, uh, it usesplaid to kind of link up to your
bank account, so, like it'll,it's very secure, um, and you
know, uh, it's already like it,just like the whole year it it
pulled up the whole year worthof all the spending categories
(15:59):
and and, um, all thetransactions that are linked to
my accounts.
And I I just have the number.
I was actually going to go dothis manually.
I was going to go and justbecause I'm just nerdy like that
, I wanted to basically have thedata, but in my mind I'm like I
(16:21):
can't concentrate and focus ongetting the actual data into
like an excel it's, but withthis, with the rocket money,
once you set it up, like it justpulls it, pulls it, um, but uh,
yeah, so, uh, I'm lookingforward to oh yeah, that was
rocket money um, it's like anapp and then you can pay, like
(16:45):
you can pay a fee.
It's weird, like you actuallycan choose your price.
I thought that was aninteresting concept.
Your subscription can be nine,ten or eleven dollars a month
for the premium services whichwhich you're going to want, I
feel like 11 bucks a month, Imean.
(17:07):
I mean I'm just starting it, soit's kind of hard to say, but
you know, for 11 bucks and ithas all that, all that
information, just at one, at thetouch of your fingertips.
I mean, it's amazing to me.
You know having to come, comeback from you know the days of
balancing a checkbook.
You know, as as Cameron wastalking from you know the days
(17:27):
of balancing a checkbook.
You know, as as Cameron wastalking about kids these days
don't know what.
They don't even know how towrite a check.
You know people in their, intheir twenties, you know just,
it's just kind of an antiquatedthing almost, but but yeah,
that's why we need to adapt.
We need to learn how to solveour money problems in in a more
efficient, technologically, um,you know, relevant way.
(17:48):
Um, but yeah, so we got uh,some good, uh, tony, from
another mbr podcaster, uh,inside the hoosiers mind, is
that correct, I believe?
Um, so he's just chiming insaying hello evening, gents,
evening to you.
(18:08):
Good, sir, uh, and let's see,yeah, uh, that's a great price
for financial confidence.
Yeah, it's, it's.
You know, I think a lot, of, alot of people's financial
problems come from lack ofawareness, and this, this,
basically gives you thatawareness.
It's just, a lot of people'sfinancial problems come from
lack of awareness, and this,this, basically gives you that
awareness.
It's just, a lot of timespeople don't want to look, they
(18:29):
don't want that awareness.
So that's the tricky part.
Speaker 5 (18:32):
Hey Joey, can you hear me?
Speaker 4 (18:33):
buddy, yeah, I can hear you.
Ok, sorry, I'm having a littlebit of camera technology issues.
Speaker 5 (18:37):
But no, yeah, you're good.
That rocket money is isdetailed to the point to where
you can put.
I believe, if I'm not mistaken,you can make your own
categories, you can find yourown subscriptions, you can find
anything in there and go wow, Ididn't know I even had this one,
and you can go in there anddelete it and edit it and say,
(18:58):
look, stop, this one Chargemoney.
But then you can turn aroundand say, wait a minute, I spent
too much money at the DollarGeneral store.
I could spend too much moneyover at Walmart or whatever, but
it gives you that peace of mindof I needed it now.
At the same time, though, Ineed to watch what's going in,
(19:19):
what's going out, and it breaksit down Food gas travel,
education, your bills.
Speaker 4 (19:30):
I mean it breaks it down.
Food, gas, travel, uh,education, uh, your bills?
I mean it breaks it downthoroughly.
Yeah, yeah, I definitely.
Uh, I've been sleeping on itfor a while and been thinking
about it and I just finally wentahead and did it and uh, yeah,
so we got a couple questionscoming in.
Uh, we're gonna have to take alittle bit of a musical
interlude with my, I guess, mygo-to at this point.
My first break is always goingto be Noah Peterson.
(19:52):
I've actually been keeping upwith him on Facebook and you
know he's showing his numbers,his streams are going up, so I
hope I just hope that somehowpeople are getting traction with
his music from listening to iton my show, because I'm I'm
pretty much forcing people tolisten to it at this point.
So, but yeah, he's a reallytalented musician, marine Corps
(20:13):
veteran.
I believe he's out of SanAntonio.
But yeah, this is Noah Peterson, so we'll be right back.
Speaker 2 (20:20):
Thank you, thank you so opinions expressed in this
(22:34):
program are those of thespeakers and do not necessarily
reflect the views or positionsof any entities they represent.
Find us on the web at mbradious.
Speaker 4 (22:41):
Hey, hey, everybody, we are back.
This is Money in the Military,on Military Broadcast Radio,
where we're giving veterans avoice.
And I'm giving our friendCameron a voice here, where he's
on the road literally Well, notdriving right now, but he's on
the road, he's a long haultrucker and a veteran and we're
(23:03):
just talking about having a Q,you know, having a Q and a,
basically having people askquestions from the chats.
Um, you know, if, if that driesup, then, uh, you know, we just
, you know me and Cameron mightjust talk about some stuff, but,
um, you know, we're, you knowthis is a military themed,
financial, personal financialpodcast.
But, um, you know, like there's,there's, um, there's a lot, I
(23:26):
mean that kind of ties into justregular personal finance too.
Because, you know, just becausewe talk like we talked about it
like you know last time wherewe're using acronyms and it's
like a different language forthe civilian world but for us it
makes a lot of sense.
So there's just, yeah, you knowwe're going to talk about, like
military, specific, you know,financial things, but then you
(23:47):
know we'll also just talk aboutregular finance too.
Yeah, um, because I mean, yeah,I mean it's relevant, people
are interested, they want tolearn more about money and, like
a lot of times, they're they'rescared to ask or they're scared
to um, to talk about it, youknow.
So part of my mission here is totry to allow these types of
(24:08):
conversations, just real talkand with real people and trying
to answer the questions.
I might not even know some ofthese answers, as I don't
sometimes Part of it is.
I still have to learn and growand develop.
I'm just excited to be here.
We did have a comment or aquestion advice on trying to
(24:34):
make your own version of nellisair force base, with blackjack
entertainment and a large bx youknow I like this guy because he
has a sense of humor that we'resitting there and, like you
just saw me just shake my head.
Speaker 5 (24:48):
I mean he.
I got to get a hold of him, butno, he is that you're going.
Where did you come from?
Because I know, you're not fromhere, you know.
Speaker 4 (25:00):
Well, you know those Air Force guys, you know how we
Air Force are, you know what.
Speaker 5 (25:07):
There's the answer right there.
He went up and inhaled the jetfuel.
Oh, Ah, there we go.
Yeah, there we go.
The Air Force guys.
They like to inhale the jetfuel on the weekends, oh man, I
don't know about them guysno-transcript commute every day
(25:47):
on the bus.
Speaker 4 (25:49):
Uh, it was interesting times.
I got a lot of reading done, sothat was helpful, um, but, uh,
yeah, so good memories of nellis.
Um, yeah, actually, you know,that is something that some
military members do have to dealwith if they have legal
gambling.
That's close by.
Some military members are notthe greatest with their finances
(26:12):
and they go out and blow it onon on at the casino sometimes.
So we actually had a couple ofpeople that were on the verge of
either about to get kicked outbecause there's a security
clearance thing.
You know, yeah, um, that we,you know, we were working with,
you know secret top secret levelstuff.
So, uh, that is that is a apossible outcome of your
(26:37):
finances.
Um, if you're in the military,you have a security clearance
and you start racking up a lotof debts or start making some
poor decisions, they couldactually take your your security
clients away.
Um, so just a word of caution.
Speaker 5 (26:53):
Yeah, let, let don't.
Don't be making bad decisionswhile you're in the military.
Speaker 4 (26:56):
Yeah.
Speaker 5 (26:57):
That, but the other ones Cool.
Then learn from it.
Speaker 4 (27:01):
Oh man All right, oh man, all right.
Well, tony's on fire today, Notjet fuel, but I was stationed
at Bowling Air Force Base in DCand we were next to a water
treatment plant, had a lot ofpoop fooms, all right.
Well, didn't think I'd ever saythat in a podcast, but I guess,
(27:22):
hey, you know, you never knowwhat's going to come out of this
cat's mouth.
Speaker 5 (27:25):
I mean, hey, you know he's the first to everything.
Speaker 4 (27:29):
Oh man, now he just succeeded in making me say that,
yeah, but yeah, golf clap, Tony, golf clap, golf clap, you get
that.
Now we're going to go off therails.
Oh yeah, thanks, tony, by theway.
Good, yeah, it's good to, it'sgood to, you know, have have
(27:52):
some fun and joke aroundsometimes, you know, because I
think, I think, honestly, youknow, we're too serious about
our finances sometimes, or somepeople not serious enough at all
, but, like, I think, there'sgenerally a sense of anxiety
about money.
You know, like people, just whenthey think about it, when they
talk about it, there's juststress and anxiety associated
with it.
So, you know, like, if you canlaugh, like like I've, I've, you
(28:17):
know, told stories of thestupid mistakes I made and I can
laugh at myself, now I still, Istill cry a little bit at sleep
sometimes for some of thethings I did, but you know, I've
learned, I've learned,ultimately learned a lesson, you
know, but I can still laughabout it.
And you know, I think that'sone thing One advice that I
would give is to to, you know,give yourself grace, give
(28:39):
yourself some slack, because,like we've talked about already,
is that we're not taught thisstuff.
We're not.
We're not you know.
I mean, yes, we're, you know.
We're taught math in school andI think maybe in nowadays there
are actual personal financeclasses being mandated across
the country.
So so that is happening, sothat's a good thing, but in the
(29:02):
meantime, like a whole couple ofgenerations that never really
learned a good personal finance,no no.
Speaker 5 (29:11):
Yeah, it's kind of one of those things that you
know the ones that wasn't taught.
You learn by making mistakesand now you sit there thinking,
all right, I feel ripped off,this is wrong.
Alright, I feel ripped off,this is wrong.
You guys are teaching us whathappened to teaching us from the
time we were able to talk?
Or hey, you're going to a dutystation that does a different
(29:33):
currency, different language,whatever.
Start teaching us.
Put us in a decent amount oftime or whatever, if you can, to
understand it.
but again, now they're gettingthe baby treatment, where
they're getting coddled a littlebit more.
They're like, hey, we shouldhave been doing this a long time
ago.
Let's fix this, yeah.
Speaker 4 (29:56):
Yeah, no, I mean, I guess at least some young minds
are being pushed in the rightdirection and hopefully we can
spread that love around a littlebit.
But but yeah, you know, it'sjust.
You know we've talked aboutbefore how the military doesn't
do a great job of financialliteracy.
(30:16):
They could do a lot better fromfrom the, from the very
beginning.
You know so, yeah, hopefully,you know the, the DOD powers
that be.
You know somehow find out about.
You know, um, good, so yeah,hopefully, um, you know the, the
dod powers that be, you knowsomehow find out about.
You know this.
You know we're chanting it.
You know in the streets, like,hey, teach us about money.
You know we want to.
Military members, veterans, allthese people want to know more.
(30:38):
Um, uh, so we actually.
So, tony, he's, uh, he's onfire.
Got to keep y'all on your toesa bit.
Did have a similar situation,joey.
I ended up with 30K in debtbecause of an administrative
paperwork error when I retrainedand was able to pay it off in
less than a year as an E4.
Wow, 30k in less than a year.
(30:58):
That's very aggressiveaggressive.
Speaker 5 (31:08):
I mean it's better to pay it off than to end up being
pushed out because of, like yousaid, an administrative
paperwork error.
Look, I get, we make mistakes,but and and I'm glad that tony
caught it but at the same timethough it's like that's their
job they should know not to bescrewing this up and and making
those errors.
But again, you know that's athumbs up for Tony on that one.
Speaker 4 (31:29):
Yeah, yeah, I'd be curious to kind of hear more
about that journey.
You know, tony, if you'd beinterested, want to jump on the
stream sometime, you're morethan welcome to.
But yeah, like that's, anotherthing that happens in the
military that a lot of civiliansdon't understand is that your
pay can get messed up and easily, easily and sometimes, often,
(31:53):
and no offense to any, um, youknow, finance people in the
military world.
I know you guys get a lot ofcrap, but you know sometimes it
happens, sometimes it's computerthing, you know, or a glitch in
the system or whatever, butthat is a real reality.
That military members have todeal with is irregularities in
their pay.
Or, you know, especially whenyou're moving assignments, you
(32:17):
know the BAS is your or the BAHis your housing allowance BAS.
You know all that stuff cantake some time to kick in.
So that's that unpredictabilityof the military lifestyle can
really cause a lot of financialstrain, you know.
Speaker 5 (32:33):
Yeah, cost of living too.
You know your upgraded pay oryou got what was it?
Dangerous pay when you'redeployed.
I mean you got to really, youknow, really pull this stuff up
and go and compare two weeks agoto now.
Speaker 4 (32:48):
Yeah, I get it, yeah, but it sounds like this wasn't
even his fault.
It was just like in Monopolywhen you have a bank error
that's not in your favor.
This is one of those thingswhere it's like man, he got
screwed.
It sounds like $30,000 in oneyear.
Speaker 6 (33:15):
Yeah, no, no way, I mean, I'm not calling him a liar
, I'm sorry.
Speaker 4 (33:17):
I like my money.
So yeah, we uh.
He chimed in again.
He said my first sergeant,chief commander, etc.
Did nothing to help me.
Wow, I had to rely a lot on mysenior NCOs and friends on what
to do, learn to budget, do somequote cheap living to make it
work.
I love to come on and share.
It's a wild ride, okay, right.
Speaker 5 (33:41):
I'm bringing the cigars and the whiskey.
Speaker 4 (33:45):
All right, yeah, I probably need some whiskey after
a story like that.
Right, I'm bringing the cigarsand the whiskey.
All right.
Yeah, I probably need somewhiskey after a story like that
man.
That sounds intense, but itdoes sound like a wild ride.
Yeah, that's cool.
I said well, we'll definitelyhave to coordinate that, maybe
within the next week or so, or Idon't know.
That's the interesting thingabout NBR is that all these know
all these different shows goingon for different times, and
(34:06):
then you have your own personallife.
So there's just like it's likethreading a needle and remember
we can't go over by one minute.
Well, yeah, we do have to bemindful of our time.
So I kind of lost track of timelast time.
So, yeah, we're going to try tokeep it tight today.
Keep it tight.
I don't want to step onanybody's stream, so I apologize
(34:28):
for that.
So, but you know this is livebroadcasting, you know.
So sometimes things go long,sometimes you know technical
issues.
So, yeah, I mean, but yeah,definitely, tony, we're going to
have you on.
I'm excited to hear thatconversation and all the gory
(34:48):
details, but obviously I don'tknow.
You don't probably want to giveus too many details, but I just
want to hear the story abouthow you, how did you Pay that
off?
Yeah, pay that off, and youknow, I think a lot of people
would really be inspired by that, um, so, but yeah, um, I mean,
(35:12):
military life is unpredictable,um, and and then dealing with
your finances can beunpredictable, you know, in in
in regular life, not in themilitary, so, yeah, so, it's
just one of those things thatyou know we're.
One thing he did mention that Iwant to I want to highlight too
(35:32):
is that he learned a lot fromhis senior NCOs and friends.
So he relied on his directsupervision and peers and
friends.
So that's, I mean, that's agood thing.
It's good that he had that,that support at least.
Yeah, but you'd be surprised,yeah, like the higher, higher
level people might not alwayswant to take.
(35:55):
Take that into consideration,but yeah, yeah.
Speaker 5 (36:01):
And then there's some NCOs up there that they got
their strength.
It's you're on your own, dudethey don't care, they put in the
time and they don't have timeto teach the young pups coming
up from underneath them.
You may get lucky, you may havethat one guy that says I'm
going to teach you, I'm going toeducate you you may have that
(36:23):
one guy that says I don't careabout you, just get out going to
educate you.
You may have that one guy thatsays I don't care about you just
get out of my face.
Speaker 4 (36:28):
So you will have that , yeah, yeah, and sadly, up and
down the chain.
You know like sometimes youjust don't have the most
supportive people around you.
But you know, like I said, itsounds like he had at least some
people huddled around him andI'd be curious to you know, um,
I'm sure a handshake, becausethat's the thing, like that,
(36:50):
that interaction probably sethim on a really good trajectory
and you know, even though it's abad situation, it sounds like
he probably learned a lot, uhalong the way.
And so, yeah, he said, uh, hesaid, if you're doing a show
next Thursday about this time, Ican hop on and more than happy
to share.
So, yeah, we'll go ahead andtry to set that up with Tony.
(37:12):
Share it all.
Oh, wow, he's like he's readyto spill the tea.
All right, how detailed do youwant it?
Whoa, we'll keep it PG.
Okay, maybe PG, pg 13.
I don't know, we'll see, we'llsee how the day goes, um, but
(37:33):
yeah, um, we'll look forward tothat, tony, we'll uh, we'll jump
on.
Actually, I don't think we'veeven had a chance to uh to jump
on each other's uh broadcast atthis point.
So it'd be cool to uh to dothat.
Um, I just realized I I've lostcount of how many episodes I
had done, so I had to go backand do the math.
So, yeah, apparently this isepisode 18.
So that's uh, that's prettycool.
(37:54):
I didn't realize it had beenthat many um, time flies when
you're having fun, but uh, yeah,it's, it's been a, it's been a
wild ride.
But yeah, I'm just excited tobe here and share knowledge,
whatever knowledge I have, butthen also share from my guests,
because part of what I'm tryingto do here is encourage people
(38:17):
that want to share their storiesof success on the air, on the
air.
So if you have a, you know, ifyou have an inspiring story and
you've you've basically overcomeall odds with your finances in
the military, then, yeah, comeon the show, hit me up.
You can email me, directmessage me, make a comment on
(38:39):
this video.
Just yeah, just jump.
Let me know if you want to jumpon the stream.
Uh, so, um.
So tony said it's all pg, Ipromise no rated r much, all
right, so we'll have to.
I'll have to have the bleepbutton ready, just in case.
Um, I don't even know if I havea bleep button, but yeah, well,
(39:04):
and then we also have a commentfrom C Beyond Infinity, another
NBR host.
Is it unfortunate?
It is unfortunate.
Need more budgeting andfinancial training earlier on,
yeah, absolutely.
So, dod, I mean, I hope.
Actually I kind of want to do alittle bit of a deep dive and
see what is the DOD actuallydoing for financial readiness.
(39:24):
Want to do a little bit of adeep dive and see what, what is
the duty actually doing forfinancial readiness?
You know, I may be talking outof my butt right now and and
then turns out that the you know, military in general is doing
something.
But uh, just from my, myexperience and hearing it from
other people, is that it'seither non-existent or it's all
like, like, like with tony, likefriends, co-workers and then
maybe some direct supervisors.
(39:45):
So there's not really a DOD ora military or any branch
specific crush as far as I knowspecifically.
For you know, financialliteracy in the military so I
guess that'll be part of mymission is to you know like
they're actually passing it intolaw for schools across the
(40:08):
country to have financialliteracy.
So I do know that part is inprocess and they should have
been doing that years ago.
Yeah, yeah, because I mean thathonestly would learn some of
these you know foundationalthings while in active duty,
then then they could, you know,they don't even have to worry
(40:29):
about financial literacy whenthey get to the military.
They'll already, be, like,ready to go for the most part.
But yeah, that's a long processand I'm sure maybe some smart
minds I hope are working on that, because, yeah, I mean, even
the the the reason why I Istarted my financial journey was
just I didn't know anythingabout money and and I just had
(40:51):
to learn on my own and and readbooks and look at the internet
and and now you have all thesedifferent resources that can
make it even more accessible andeven with ai, like there it's
it's able to condense all theselarge, large bodies of work into
a more digestible format so youcan actually learn it more,
(41:11):
like, faster, more efficientlythan I did and people before me.
So I don't know, I think Ithink we're on on the, on the
edge of some cool things, and Ihope, um, I hope that it
continues.
But yeah, I just gotta keep uh,push, fighting the good fight
and, you know, poking the bearmaybe, and talking to somebody
within the dod and and being anadvocate for that.
(41:34):
Um, yeah, yeah, um.
So we got a comment uh from cbon infinity.
Yes, it is time to startteaching more than trading time
for money and paying bills.
Yeah, yeah, I think that's.
That's another thing a littlebit almost philosophical to
(41:54):
about.
You know what is money and whatare we, what are we doing with
our time?
And you know we're trading.
We're trading our time formoney, we're trading our time
for money, and then we'retrading that money for, uh, you
know, certain objects orwhatever.
So you know, it's, it kind ofgets into the.
You know, um and this issomething that has come up in
the in the fire community, thefire movement is, um, you know
(42:17):
people will go and they'll earlyretire.
You know, like, the whole goalof this is to retire early, but
they don't actually have a planfor when they actually retire.
So you hear about these storiesof like, oh, I'm 40 years old
and I'm retired, Financially,basically independent, and then
(42:38):
you're like, what are you doingwith your time?
And they're just like I'm bored.
And and they're just like I'mbored, like you know it's it's,
it's crazy that you know youhave people that are basically
financially independent and theydon't even know what to do with
themselves.
Speaker 5 (43:00):
I mean they need to find a hobby.
In my opinion they need to finda hobby.
They need to find.
I'm pretty sure if you'reretired by 40, don't be wrong
it's.
It's a little early for me inmy opinion, because you know you
got all those stipulations of59 and a half.
And you know you pull up beforethis, whatever.
But you know if you're boredwhen you retire, maybe and I say
this as a cautionary tale ifyou retire and you're bored, go
(43:20):
find a part-time job.
Or maybe you shouldn't haveretired at all.
Don't get me wrong.
It's tough.
I've seen people retire andthey lose their absolute because
they don't know what to do.
They don't know how not to workand unfortunately, that's where
the economy and where thepolitics have led us to believe
(43:44):
or to see it.
I mean, it's wishing one handand you, you know the other part
of the statement is the otherone, so how did?
tony say it poop in one hand.
There you go tony, yeah, thereyou go tony, yeah, but it's so
crazy because here's, here's abig and, joey, I want your
(44:05):
opinion on this one when did youlearn about anything about
saving money?
When did you learn about evenretirement?
Or hey, I got a 401k, I want toinvest, or when was that ever
brought up?
Speaker 4 (44:22):
Brought up.
I mean, if I'm being honest, mydad tried when I was a teenager
and like, set me up for, say,like we went to the bank and set
up a savings account, I put mypennies and my quarters and
everything in there, and so Itechnically started at a young
age, but really, like we saidbefore and I think in previous
episode, like, um, I still wentout and made a lot of poor
(44:42):
decisions and then I had to, youknow, even with my dad trying
to be like, okay, you need to dothis, you need, like he was
trying, he was really trying, so, but it was like, you know,
that teenager, early twenties,in one year out the other where
I'm like, okay, well, yeah,thank you for that, dad, but I'm
going to do the exact oppositeinstead.
And then, lo and behold, itblows up in my face and then I'm
(45:04):
sitting there holding the bag.
But I think it's just one ofthose things that, yeah, some
people can learn.
You just tell them the formulaand they just go ahead and do it
.
They just was like okay, and Ihad that happen a couple of my
subordinates.
I was like, all right, you needto set up a retirement account,
I would do that, and he's like19, 20 years old and he was like
(45:24):
, okay, all right, we'll do.
And he literally did it like in, in, like the same day and, um,
you know, he just he didn'teven push back at all, whereas
other people, you know, it'slike, it's like herding cats,
you know it's it's tough, but uh, yeah.
So uh, look at another compriftsavings plan was my first time
(45:45):
hearing that I could do it.
So she was talking about whenwas the first time you really
learned about Savings and stuff.
Otherwise, that stuff was forrich people, Okay, yeah.
Speaker 5 (45:58):
I mean, she's not lying when you hear about thrift
savings plan.
Again, in my opinion, it's Idon't know, know it's worded
wrong, I guess you want to saybecause it gives off the wrong
vibe.
In my opinion, I I heard aboutit.
Did I save anything?
No, and then this was in themilitary.
This I tried in the military umcoming out.
(46:19):
You know, now I've got somemoney saved up, but again it's
not where I want it.
Um, you know, as she said thatthat was, that was stuff for
rich people, she's not lying, Imean, it's hard to deny what
she's saying.
Speaker 4 (46:36):
So right, right, yeah , and part of that is, um is a
lot of socialization, honestly,um, you know, we, we, the way we
, um, we learn our money habitsusually by the time we're, you
know, six years old, as early asyou know like you learn from
your parents at such a young age, and then some of your actual
(46:56):
financial beliefs are usuallyfirmed up by the time you're
going into, like, adolescence.
So we learned that stuff earlyon and a lot of times you don't
have any control over you know,okay, my parents were really
stingy and you know I learnedthat.
You know you had to value moneyand we didn't have enough money
, but turns out they were supersavers, you know, and they saved
(47:17):
a bunch of money and that's whythey were able to be, you know,
successful.
But, but, yeah, you know, likejust just having these
conversations talking about it,I think that's helpful and I
appreciate, appreciate infinity,or say beyond infinity, to, to,
to bring all these things up,cause these are really great
(47:38):
insights and the great, greatobservations and stuff.
So I appreciate, appreciate youadding to the conversation, uh,
but, with that being said, uh,we are going to have to take
another station break and we'regoing to play um.
I guess this time I will playAndrew Roboro.
He's the other person that I'mreally interested in lately, so
(48:00):
we're going to play red, whiteand blue, um, or bleed red,
white and blue by Andrew Roboro.
So we'll be back.
Speaker 8 (48:21):
It's been ten years since I'd seen his face.
Not much had changed, just adifferent time, different place.
When I shook his hand, I knewsomething had changed.
(48:46):
This was a different man fromthe one I knew back then.
Speaker 9 (48:58):
That's when it's said we do the goals.
Yes, I stand in line.
Speaker 8 (49:06):
And watch the flag wave and drag.
Speaker 9 (49:11):
You see, this is what I do.
Yes, I bleed Red, white andblue.
Speaker 8 (49:25):
He told me the tales Of his journeys far away, three
times gone, and the land mostonly seen On the front page.
We'll be right back and foughtfor you and I, so we could be
free From it all.
Speaker 9 (50:01):
That's when it's said we do the goals.
Yes, I stand in line and watchthe flag wheel fly.
You see, this is what I do.
Yes, I bleed.
Red, white and blue when dutycalls.
(50:30):
Yes, I stand in line and oncethe flag, we'll be praying.
Yes, I stand in line and watchthem weep and pray.
You see, this is what I do.
Yes, I bleed.
This is what I do.
Yes, I bleed.
Oh, this is what I do.
Speaker 3 (50:56):
Yes, I believe Little I know military broadcast radio
(51:19):
, the station that's givingveterans a voice find us on the
web at mv radio opinionsexpressed in this program are
those of the speakers and do notnecessarily reflect the views
or positions of any entitiesthey represent.
Speaker 2 (51:37):
Find us on the web at mbradious.
Speaker 4 (51:43):
All right, we are back live.
This is Money in the Militarywith Military Broadcast Radio
and we've just been talkinghaving a little money financial
Q&A.
I had some good comments andlet's see we got okay.
(52:05):
So CB on Infinity got to headout.
Joey, I appreciate the insightand awareness you're bringing to
financial security andeducation.
Best wishes for launching yourvoice to the community education
.
Best wishes For launching yourvoice to the community, cameron.
Oh well, thank you for that.
I really appreciate that.
That's awesome.
(52:25):
So, yeah, like we're, you knowwe're just talking about
different kind of financialthings that are coming up, or
military specific especially,we've had some, you know, some
good, some questions, some, um,some jokes thrown in there, got
some, uh, got a couple of jokes,we got some jokes.
(52:45):
But yeah, no, we got some good,good, um, good conversation and
um, you know like, um, we'rejust, uh, we're here, we're just
two veterans everyday averagejoe types, um and you know, um,
just trying to help people withtheir finances.
Um, I'm I'm really more or lesstrying to help more people than
(53:09):
I could, you know like, becauseI mean, I have, technically, I
have a private practice, I havefinancial coaching clients that
I do on the side.
But that's helping one person,which is good.
I'm glad I feel good about that.
I really do enjoy that.
But part of me is like I wish Icould do more.
(53:30):
I wish I could spread some ofthat knowledge out.
So, yeah, I wish I could domore.
I wish I could, you know,spread some of that knowledge
out.
So, yeah, and for people totake it.
Speaker 5 (53:40):
That's not the biggest problem or the biggest
question.
It's are they going to listento it?
Are they going to apply it?
Are they going to come back andsay hey, I, you know, I've done
what you've asked, but I'mstill missing something.
Let's fill the gaps in.
Let's make sure I'm on page.
If I need to adjust it, let'sadjust it.
Speaker 4 (53:59):
Right, yeah, it's just, you know we're just trying
to do our best.
You know, like we've talkedabout before, personal finances
is usually the last thing thatpeople want to talk about
generally.
You know they'll talk aboutpolitics before they'll talk
about, uh, personal finances isusually the the last thing that
people want to talk aboutgenerally.
You know they'll talk aboutpolitics before they'll talk
about, you know, uh, debt, um,but it used to be.
(54:22):
You know, it's always been kindof a taboo subject, but, um,
you know, I'm really getting alot of good feedback that people
really do feel like, you know,they don't feel so so bad about
you know, their finances and, um, you know, because everyone's
going through the same, the samethings, you know, and they're,
you know they're they'restruggling in their own way.
(54:43):
You know, even, even,millionaires are having
financial problems.
It's just it's at a differentlevel than than we're we're
looking at down here, but, um,uh, yeah, money is a natural
stressor, no matter how muchmoney you have.
We just have to try to bemindful of that and do our best
to have a laugh, do somethingfun with your money, but just
(55:08):
don't be irresponsible.
I think that's the biggestthing.
Speaker 5 (55:12):
Again, this is coming from a single man that has
struggled with finances Pay whatyou can Communicate, get it in
writing and work on your bills,one bill at a time.
Again, I said it in a coupleepisodes ago don't stress
yourself out.
Have fun a couple episodes ago.
(55:37):
Don't stress yourself out.
Have fun that one time a month,or it's kind of like as bad as
an example.
It's going to be sound.
It's like a diet, right, yousit there and you strictly diet.
You gotta have that one cheatday.
Well, when it comes to finances, you pay your bill that one
month.
That one time a month we go outand go do something, go to the
movies, go putt-putt golf, gogo-karting, go bowling, go
whatever and say, all right, Ican do that and still be able to
(56:01):
live your life and justcommunicate.
This is my opinion.
My opinion only, if you've gota partner a husband, a wife,
boyfriend, girlfriend, whatevercommunicate on what you're
bringing into the relationshipand say, lay it out on the table
, lay it out and say, look, I'mnot going to hide anything, I'm
going to be open and if I needhelp I'm not gonna be afraid to
(56:23):
ask for help, because you knowthere's that one person that's
going, that's going to hidesomething and it's going to get.
There's going to be thatfriction just be open and honest
.
That's all.
That's all anybody would everask.
Speaker 4 (56:35):
Just be honest and work on it together it became
yeah, yeah, yeah, and then like,if you, if you're, you don't
have a significant other, youknow, you need to be honest with
yourself as well.
You know, um, be honest withyour partner for sure, but then
you also need to be honest withyourself sometimes and and that
(56:55):
can be the tough part of lookingin the mirror and be like, oh,
I spent that much money on xyzlast month and you're just like
kind of cringing at yourself.
But but you know, you like, likewe've been saying, you know,
give yourself grace, understandthat we're human and we're going
to make mistakes, um, butreally I think we just need to
have better, more, healthierboundaries when it comes to
(57:19):
money and healthier habits.
And you know, like I said, justde-stigmatizing it, talking
about it, putting our, you know,even if it's roasting yourself
in front of your friends like,oh man, I made this really
boneheaded financial decision,and then start talking about
finances and even with yourfriends, like you don't know how
much your friend's worth, youknow which is.
You know his net worth might besomething that you're curious
(57:42):
about, but you don't necessarilywant to ask that and that's.
But you know, I just think thatwe should be able to be more
open and honest and frank witheach other about our finances,
even if it's uncomfortable.
So that's my challenge toeverybody is to go out and if
you have a significant other,you know, have that tough talk
(58:06):
you've been putting off aboutfinances, or, you know, the end
of the year is a great time forkind of like you know, shoring
up your finances, getting readyfor the new year and starting
off with a clean, fresh slate.
Speaker 5 (58:16):
Don't be afraid to ask for help.
I'm not saying like financialhelp or asking people for money.
I'm not saying do that.
I'm saying go ask somebody thatsays, point me in the right
direction.
Have that wake up moment orwake up call, because if you
think you can't do it byyourself, mr Laswell can help
(58:37):
out.
Know there's other people outthere tax people, or yeah
there's a program learn it stepby baby, step it and and all
right, I actually got to cut youoff a little bit.
Speaker 4 (58:49):
we're we're running low on time, um, so I just be
mindful of the clock, so yeah.
So I appreciate Cameron, Iappreciate you guys, all the
people that jumped in the chatto ask me questions.
I appreciate it.
Thanks for the love and thesupport.
We'll catch you guys on thenext stream.
Have a great day.
Speaker 3 (59:08):
Ladies and gentlemen, thank you for tuning in to
Military Broadcast Radio.
Gentlemen, thank you for tuningin to Military Broadcast Radio.
As we wrap up today's show, wewant to remind you that the
podcast of today's episode willbe available right after we go
off the air.
So if you missed any part ofthe show or want to listen again
(59:33):
, be sure to check it out.
And remember we're here tosupport and honor our veterans.
Your stories and experiencesmatter and we are committed to
giving you a platform to sharethem.
That's right.
We're here to give our veteransa voice, so don't forget to
catch the podcast and stayconnected with us Giving our
(59:55):
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Speaker 2 (00:35):
This entire military is one cohesive, dedicated force
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And the threats to our nations?
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Iran, russia, china, northKorea, isis, al-qaeda they may
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Our military should not bemistaken for our cable news gab
(01:00):
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We don't care what you looklike.
Speaker 1 (01:04):
We don't care who you voted for who you worship what
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Speaker 2 (01:09):
It doesn't matter if your dad left you millions when
he died or if you knew who yourfather was.
We have been honed into amachine of lethal moving parts
that you would be wise to avoid.
If you know what's good for you, we will not be intimidated.
We will not be intimidated.
We will not back down.
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(01:34):
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Speaker 3 (01:47):
Military Broadcast Radio, the station that's giving
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Speaker 2 (01:53):
Find us on the web at mbradious.
Speaker 4 (01:58):
Military.
I'm a certified financialsocial worker.
I was in the Air Force for 14years and then I paid off
$20,000 of debt while I wasactive duty within three years
as an E3.
So that's kind of like I gotreally into personal finance and
so I've been really passionateabout that ever since, and that
(02:20):
was 10, 12 years ago now.
So since then I became a socialworker and now I'm a certified
financial social worker.
So we kind of get into, youknow, dealing with finances but
then also kind of dealing withthe psychology behind finances,
like the you know, the mentalside of things.
Speaker 3 (02:38):
So Ladies and gentlemen, your battle buddy
when it comes to finances.
Please welcome the fire socialworker, joey Laswell.
Speaker 4 (02:52):
All right, hey everybody, this is Money in the
Military, on Military BroadcastRadio, where we're giving
veterans a voice, and I'mexcited to be here to talk to
you guys about money, as usualin the military spectrum.
So we do have a returning guest, mr Cameron.
How's it going, man?
Speaker 5 (03:13):
Good sir, how about?
Speaker 4 (03:14):
you Pretty good.
Pretty good, we've got somecool stuff going on.
I know you're busy.
You're actually going to beheading around this neck of the
woods so we might actually getto meet in person, hopefully.
Yes, sir, probably down thereon Saturday, okay, all right.
Yeah, so long-haul trucker,correct, yes sir.
(03:35):
And basically he's wanting todo a podcast and he's a veteran
and so he's been getting on somestreams with us and doing a
really good job and got somegood insights.
So we just wanted to invitecamera back and, uh, you know,
just kind of go through and talkabout, um, some, some military
(03:56):
specific financial topics, um,but then you know it's a, it's a
personal finance show, so wemight throw in some some uh,
just general personal financestuff that's going on in the
news or uh, whatever's relevantCause you know, this is a Q and
a.
So I've been getting some goodfeedback from people that they
like the Q and a format.
(04:17):
Uh gives people a chance to askquestions.
You know, maybe, if they'redon't want to do it on stream,
that's fine, but uh, yeah.
So we have people that, um,really kind of want to do kind
of a live, a live session, uh,maybe on the air.
Uh, we're not going to reallybe doing the uh phone call in.
(04:39):
I know that's something that we, that mbr, can do, but, um,
well, I'm not too worried aboutthat just yet.
So right now we're just we'rejust taking questions from the
web, from my Facebook group,just different questions that
people direct message me, thingslike that.
So good, yeah.
(05:01):
So one thing I did want tomention is something that I
actually did, just Um.
So one thing I did want tomention is something that I
actually did, uh, just recently,uh, financially, and um just
wanted to use it kind of as a asa talking point.
Um, so I had a car that was,you know, a newer car, um, but
the the the loan on it was waskind of high and I really wasn't
(05:22):
using it the way I was wantingto, um, and I was in a different
place when I bought the car.
So, basically, after doing someresearch and some digging, and
I basically decided to trade in,trade down my car essentially
into a nice little Honda Civic Iuse.
Honda Civic actually has 10,000 less miles than my current
(05:45):
car or my older car, um, and youknow it's gonna save me 250
bucks a month, um, just byswapping cars.
Yeah, well, 250 with with thechange in insurance that's going
to go down, um, things likethat.
So so, yeah, like with that one, with that one transaction I'm
(06:09):
saving 250 a month, um, um, withthat.
So it's kind of extreme, butyou know, like it's.
Also I don't know if you'veheard about the, the book the
millionaire next door, um, butyou know like it's, it's a, it's
a really good book, but, um,it's, it's kind of like the it's
it's the whole.
People that look, look rich areusually not rich, but the
(06:33):
people that don't look richusually are pretty, pretty
decently off because they're notshowing their wealth or trying
to show their wealth as much Ilike that, that, I like that
theory.
Speaker 5 (06:43):
That's nice yeah.
Speaker 4 (06:44):
Yeah.
So basically what they did wasin this book, they re, they read
or they interviewed a bunch ofactual millionaires and they
just kind of try to do someresearch and get some data on.
Okay, what is it?
What is the actual day-to-daylife of a millionaire look like?
And, surprisingly, a lot ofthem drive very reasonable cars.
So I got a honda civic, whichis a pretty reasonable car.
(07:07):
Yeah, um and uh and yeah, like,that's kind of like.
It's almost like a running jokein the in the fire community
that the people that you know,the, the, the ones that are
actually successful, are stilldriving that.
You know, 2010, h, 2010, hondaAccord or whatever you know yeah
.
So, yeah, I mean I'm excited tostart the new year off with,
(07:30):
you know, less $250, less amonth, also doing other things
to try to, you know, streamlinethe finances.
So, yeah, just hoping to getsome.
I'm going to do like a wholedetailed blog post about it and
share it with you guys.
But, uh, but yeah, just uh, youknow, just trying out different
things.
I'm always learning.
I'm always watching videos.
(07:51):
Um, there's a guy named uh,ramit Ramit Seti.
He's a finance guy.
Uh, he's, I will teach you tobe a millionaire and it's a
really good book.
Uh, he's got a netflix show.
Um man, I'm just fawning overhim.
But yeah he's, he's got a lot ofstuff, a lot of really cool
stuff, but uh, he actually umyeah, he talks about that a lot
(08:14):
of.
You know not having to be sorestrictive with your budget but
, um, you know, like I cut downmy, you cut down the expenses
that you don't really care about.
So, like, if you're not really,you know you're spending money
on, let's say, a gym membershipand you don't even really go to
the gym, then you could.
You know that's not somethingthat's valuable to you, but but
(08:37):
if you truly value like a hobbyor an interest, then you can
spend.
You should be able to spend onthat if you just cut everything
else to the bone.
So that's kind of it's a littleextreme for some people, but
it's just a different take onhow you look at your money.
Basically.
Speaker 5 (08:54):
And basically what you're saying is don't live
outside of what you're making.
Yeah, If you're making and againthis is a trucker's term If
you're making a thousand dollarsafter taxes per week or a job
where you're making a paycheckevery two weeks and you, let's
say, you bring it home threethousand dollars every two weeks
(09:16):
.
Don't, don't, don't.
Live outside those meets.
You know, you don't need allthe Netflix's and Internet and
TV's and go party.
And you don't need all theNetflixes and internets and TVs
and go party and you don't needall that.
Cut it down to where you couldput what would you say $50 a
paycheck, maybe $75 a paycheckback in savings and really just
(09:38):
watch what you're spending andbeing smart with it.
So yeah, I agree with thattheory.
I agree with how you need toreally open the picture up and
look at it and then go oh,that's got to go, that's got to
go, that's got to go and youjust keep picking it out until
you're down to the bone, yeah,yeah, I mean it's also spending
with.
Speaker 4 (09:57):
You know, like you hear the word mindfulness a lot,
but there is a certainmindlessness that we do with our
finances a lot.
So you know, being moreintentional with your spending
is also a big thing.
So you know, um, just likegoing, like going to the um, you
know, like you, watching yourcalories, calories in, calories
out, you know, like psych withyour budget, there are some
(10:18):
times where you're snacking,you're not even realizing that
you're consuming all thesecalories, these extra calories.
But then once you starttracking those things and you
realize, oh, wow, I'm, I'mactually, you know, ingesting
too much.
So you can kind of you can kindof pull back, but you need, you
need that accountability andthat visibility for some people.
Um, we got a comment or aquestion what was the title of
(10:40):
the book again?
So the first book that Imentioned was umaire Next Door,
and that's been out for manyyears now.
It's kind of like you know it'srequired reading for anyone in
the personal finance space.
It's, you know, just one of themany books that are just like
classics that you have to readand it kind, you know, shifts
(11:02):
your, your mindset on you knowhow to look at money and things
like that.
And then the other book Imentioned was I will teach you
to be rich, and that's by ramitseti seti.
Um, yeah, so those are two goodbooks.
Um, I, I think I'm I'm going totry to incorporate some more,
um, you know, like what I'mreading or what I'm watching and
(11:26):
kind of like have discussionsbased on that.
Yeah, um, I don't know if you'veheard of andrew huberman, but
he's got a, a new video out.
He's like a neuroscientist and,uh, ophthalmologist professor.
Ophthalmology professor.
He's just a super smart guy.
Puts out a lot of really great,you know, really interesting
(11:51):
content.
And he actually did.
He did a two hour plusinterview about psychology of
money, um, and I'm only halfwaythrough it and it's, it's
amazing.
So I'm excited to kind of diginto that and learn more about
cause I mean, they talk aboutit's.
It's a very wide-rangingconversation, but, uh, if you do
have a couple hours to kill andthese are like highly
researched, very well, like um,put together, um, you know, a
(12:16):
podcast, these are like highlevel quality.
So, you know, it's, uh, it's it.
It was kind of a big dealwhenever he dropped that, but
yeah, so got a comment from CBeyond Infinity Money in, money
out.
Definitely need to be moreintentional.
Need a stop sign on my card.
Speaker 6 (12:37):
Uh-oh, that's not a topic that I think you and me
need to touch right now.
Speaker 5 (12:43):
We might end up in the graveyard, no Uh-oh.
She's right.
And it's funny because you knowwe talk about watching what we
spend and we're talking about,again you know, watching what we
spend and how we look at things.
Man, you know the credit cards.
You know if you're really notwatching what you're spending,
(13:03):
because that's not free money.
You know there's an interestrate attached to it, there's
penalties, there's fees, there'severything.
And if you don't watch andtrack it like Dave Ramsey is a
good example you know he'll tellyou you don't need a credit
card.
I don't believe in him a wholelot but guess what?
It helps out my credit score ifI keep to a bare minimum.
(13:25):
They say no more than 30% onthe card.
Buy something to pay it off.
It will help you out in thelong run.
Again, cb on Infinity is right.
I wish schools would teach this.
Give a checkbook, write down aproblem and say look, how do you
(13:48):
figure this out?
Where do you need to cut themeat off the bone?
and say, I can still make aliving and I can still have a
little bit, but my bills arepaid and I can still put money
aside.
Schools don't teach that, teachthat and and unfortunately we
have some people like me we haveto learn by making the mistakes
(14:08):
going.
Uh well, put myself in fifteenthousand dollars worth of debt.
Speaker 6 (14:10):
So yeah, she is right you know I'm trying to make
hard.
Speaker 5 (14:12):
I wish there was.
I wish there was a way to put a, put a stop sign on there.
But um, yeah, you know well, geta side it's hard because you
get to a point where you don'thave that money coming in, or
and you just got bills comingout, and it doesn't stop, don't
stop, don't stop.
And you turn around and you'regoing oh, how am I going to
(14:33):
afford this?
Or you know how do I put foodon the table?
Sometimes you got to use thatcard and it's tough because he
raised it.
Benefits go up.
Uh, you know we switch jobs, westart at the bottom and it goes
on and on.
Speaker 4 (14:52):
So yeah, again, she's one percent right, you know, I
agree with her yeah, yeah,having a stop sign or some type
of um, I don't know like a alert.
Well, actually I just anotheranother financial thing that I
did just today.
Actually, I went ahead andsigned up to kind of try out
this whole Rocket Money app toreally give it a good try,
(15:15):
because I had used Mint beforeand I'd tried different things
and I'm just in that try phaseright now.
I'm like, hey, I'm hearing somegood things about it in general
and I like having all of myaccounts in like one spot.
You know so, like, like, whenyou pull up the app, it
basically has the full pick youhave to, you have to link all of
your accounts and that takes.
(15:35):
It takes a bit of a uh, it's abit of a headache, but overall,
you know like you, uh, it usesplaid to kind of link up to your
bank account, so, like it'll,it's very secure, um, and you
know, uh, it's already like it,just like the whole year it it
pulled up the whole year worthof all the spending categories
(15:59):
and and, um, all thetransactions that are linked to
my accounts.
And I I just have the number.
I was actually going to go dothis manually.
I was going to go and justbecause I'm just nerdy like that
, I wanted to basically have thedata, but in my mind I'm like I
(16:21):
can't concentrate and focus ongetting the actual data into
like an excel it's, but withthis, with the rocket money,
once you set it up, like it justpulls it, pulls it, um, but uh,
yeah, so, uh, I'm lookingforward to oh yeah, that was
rocket money um, it's like anapp and then you can pay, like
(16:45):
you can pay a fee.
It's weird, like you actuallycan choose your price.
I thought that was aninteresting concept.
Your subscription can be nine,ten or eleven dollars a month
for the premium services whichwhich you're going to want, I
feel like 11 bucks a month, Imean.
(17:07):
I mean I'm just starting it, soit's kind of hard to say, but
you know, for 11 bucks and ithas all that, all that
information, just at one, at thetouch of your fingertips.
I mean, it's amazing to me.
You know having to come, comeback from you know the days of
balancing a checkbook.
You know, as as Cameron wastalking from you know the days
(17:27):
of balancing a checkbook.
You know, as as Cameron wastalking about kids these days
don't know what.
They don't even know how towrite a check.
You know people in their, intheir twenties, you know just,
it's just kind of an antiquatedthing almost, but but yeah,
that's why we need to adapt.
We need to learn how to solveour money problems in in a more
efficient, technologically, um,you know, relevant way.
(17:48):
Um, but yeah, so we got uh,some good, uh, tony, from
another mbr podcaster, uh,inside the hoosiers mind, is
that correct, I believe?
Um, so he's just chiming insaying hello evening, gents,
evening to you.
(18:08):
Good, sir, uh, and let's see,yeah, uh, that's a great price
for financial confidence.
Yeah, it's, it's.
You know, I think a lot, of, alot of people's financial
problems come from lack ofawareness, and this, this,
basically gives you thatawareness.
It's just, a lot of people'sfinancial problems come from
lack of awareness, and this,this, basically gives you that
awareness.
It's just, a lot of timespeople don't want to look, they
(18:29):
don't want that awareness.
So that's the tricky part.
Speaker 5 (18:32):
Hey Joey, can you hear me?
Speaker 4 (18:33):
buddy, yeah, I can hear you.
Ok, sorry, I'm having a littlebit of camera technology issues.
Speaker 5 (18:37):
But no, yeah, you're good.
That rocket money is isdetailed to the point to where
you can put.
I believe, if I'm not mistaken,you can make your own
categories, you can find yourown subscriptions, you can find
anything in there and go wow, Ididn't know I even had this one,
and you can go in there anddelete it and edit it and say,
(18:58):
look, stop, this one Chargemoney.
But then you can turn aroundand say, wait a minute, I spent
too much money at the DollarGeneral store.
I could spend too much moneyover at Walmart or whatever, but
it gives you that peace of mindof I needed it now.
At the same time, though, Ineed to watch what's going in,
(19:19):
what's going out, and it breaksit down Food gas travel,
education, your bills.
Speaker 4 (19:30):
I mean it breaks it down.
Food, gas, travel, uh,education, uh, your bills?
I mean it breaks it downthoroughly.
Yeah, yeah, I definitely.
Uh, I've been sleeping on itfor a while and been thinking
about it and I just finally wentahead and did it and uh, yeah,
so we got a couple questionscoming in.
Uh, we're gonna have to take alittle bit of a musical
interlude with my, I guess, mygo-to at this point.
My first break is always goingto be Noah Peterson.
(19:52):
I've actually been keeping upwith him on Facebook and you
know he's showing his numbers,his streams are going up, so I
hope I just hope that somehowpeople are getting traction with
his music from listening to iton my show, because I'm I'm
pretty much forcing people tolisten to it at this point.
So, but yeah, he's a reallytalented musician, marine Corps
(20:13):
veteran.
I believe he's out of SanAntonio.
But yeah, this is Noah Peterson, so we'll be right back.
Speaker 2 (20:20):
Thank you, thank you so opinions expressed in this
(22:34):
program are those of thespeakers and do not necessarily
reflect the views or positionsof any entities they represent.
Find us on the web at mbradious.
Speaker 4 (22:41):
Hey, hey, everybody, we are back.
This is Money in the Military,on Military Broadcast Radio,
where we're giving veterans avoice.
And I'm giving our friendCameron a voice here, where he's
on the road literally Well, notdriving right now, but he's on
the road, he's a long haultrucker and a veteran and we're
(23:03):
just talking about having a Q,you know, having a Q and a,
basically having people askquestions from the chats.
Um, you know, if, if that driesup, then, uh, you know, we just
, you know me and Cameron mightjust talk about some stuff, but,
um, you know, we're, you knowthis is a military themed,
financial, personal financialpodcast.
But, um, you know, like there's,there's, um, there's a lot, I
(23:26):
mean that kind of ties into justregular personal finance too.
Because, you know, just becausewe talk like we talked about it
like you know last time wherewe're using acronyms and it's
like a different language forthe civilian world but for us it
makes a lot of sense.
So there's just, yeah, you knowwe're going to talk about, like
military, specific, you know,financial things, but then you
(23:47):
know we'll also just talk aboutregular finance too.
Yeah, um, because I mean, yeah,I mean it's relevant, people
are interested, they want tolearn more about money and, like
a lot of times, they're they'rescared to ask or they're scared
to um, to talk about it, youknow.
So part of my mission here is totry to allow these types of
(24:08):
conversations, just real talkand with real people and trying
to answer the questions.
I might not even know some ofthese answers, as I don't
sometimes Part of it is.
I still have to learn and growand develop.
I'm just excited to be here.
We did have a comment or aquestion advice on trying to
(24:34):
make your own version of nellisair force base, with blackjack
entertainment and a large bx youknow I like this guy because he
has a sense of humor that we'resitting there and, like you
just saw me just shake my head.
Speaker 5 (24:48):
I mean he.
I got to get a hold of him, butno, he is that you're going.
Where did you come from?
Because I know, you're not fromhere, you know.
Speaker 4 (25:00):
Well, you know those Air Force guys, you know how we
Air Force are, you know what.
Speaker 5 (25:07):
There's the answer right there.
He went up and inhaled the jetfuel.
Oh, Ah, there we go.
Yeah, there we go.
The Air Force guys.
They like to inhale the jetfuel on the weekends, oh man, I
don't know about them guysno-transcript commute every day
(25:47):
on the bus.
Speaker 4 (25:49):
Uh, it was interesting times.
I got a lot of reading done, sothat was helpful, um, but, uh,
yeah, so good memories of nellis.
Um, yeah, actually, you know,that is something that some
military members do have to dealwith if they have legal
gambling.
That's close by.
Some military members are notthe greatest with their finances
(26:12):
and they go out and blow it onon on at the casino sometimes.
So we actually had a couple ofpeople that were on the verge of
either about to get kicked outbecause there's a security
clearance thing.
You know, yeah, um, that we,you know, we were working with,
you know secret top secret levelstuff.
So, uh, that is that is a apossible outcome of your
(26:37):
finances.
Um, if you're in the military,you have a security clearance
and you start racking up a lotof debts or start making some
poor decisions, they couldactually take your your security
clients away.
Um, so just a word of caution.
Speaker 5 (26:53):
Yeah, let, let don't.
Don't be making bad decisionswhile you're in the military.
Speaker 4 (26:56):
Yeah.
Speaker 5 (26:57):
That, but the other ones Cool.
Then learn from it.
Speaker 4 (27:01):
Oh man All right, oh man, all right.
Well, tony's on fire today, Notjet fuel, but I was stationed
at Bowling Air Force Base in DCand we were next to a water
treatment plant, had a lot ofpoop fooms, all right.
Well, didn't think I'd ever saythat in a podcast, but I guess,
(27:22):
hey, you know, you never knowwhat's going to come out of this
cat's mouth.
Speaker 5 (27:25):
I mean, hey, you know he's the first to everything.
Speaker 4 (27:29):
Oh man, now he just succeeded in making me say that,
yeah, but yeah, golf clap, Tony, golf clap, golf clap, you get
that.
Now we're going to go off therails.
Oh yeah, thanks, tony, by theway.
Good, yeah, it's good to, it'sgood to, you know, have have
(27:52):
some fun and joke aroundsometimes, you know, because I
think, I think, honestly, youknow, we're too serious about
our finances sometimes, or somepeople not serious enough at all
, but, like, I think, there'sgenerally a sense of anxiety
about money.
You know, like people, just whenthey think about it, when they
talk about it, there's juststress and anxiety associated
with it.
So, you know, like, if you canlaugh, like like I've, I've, you
(28:17):
know, told stories of thestupid mistakes I made and I can
laugh at myself, now I still, Istill cry a little bit at sleep
sometimes for some of thethings I did, but you know, I've
learned, I've learned,ultimately learned a lesson, you
know, but I can still laughabout it.
And you know, I think that'sone thing One advice that I
would give is to to, you know,give yourself grace, give
(28:39):
yourself some slack, because,like we've talked about already,
is that we're not taught thisstuff.
We're not.
We're not you know.
I mean, yes, we're, you know.
We're taught math in school andI think maybe in nowadays there
are actual personal financeclasses being mandated across
the country.
So so that is happening, sothat's a good thing, but in the
(29:02):
meantime, like a whole couple ofgenerations that never really
learned a good personal finance,no no.
Speaker 5 (29:11):
Yeah, it's kind of one of those things that you
know the ones that wasn't taught.
You learn by making mistakesand now you sit there thinking,
all right, I feel ripped off,this is wrong.
Alright, I feel ripped off,this is wrong.
You guys are teaching us whathappened to teaching us from the
time we were able to talk?
Or hey, you're going to a dutystation that does a different
(29:33):
currency, different language,whatever.
Start teaching us.
Put us in a decent amount oftime or whatever, if you can, to
understand it.
but again, now they're gettingthe baby treatment, where
they're getting coddled a littlebit more.
They're like, hey, we shouldhave been doing this a long time
ago.
Let's fix this, yeah.
Speaker 4 (29:56):
Yeah, no, I mean, I guess at least some young minds
are being pushed in the rightdirection and hopefully we can
spread that love around a littlebit.
But but yeah, you know, it'sjust.
You know we've talked aboutbefore how the military doesn't
do a great job of financialliteracy.
(30:16):
They could do a lot better fromfrom the, from the very
beginning.
You know so, yeah, hopefully,you know the, the DOD powers
that be.
You know somehow find out about.
You know, um, good, so yeah,hopefully, um, you know the, the
dod powers that be, you knowsomehow find out about.
You know this.
You know we're chanting it.
You know in the streets, like,hey, teach us about money.
You know we want to.
Military members, veterans, allthese people want to know more.
(30:38):
Um, uh, so we actually.
So, tony, he's, uh, he's onfire.
Got to keep y'all on your toesa bit.
Did have a similar situation,joey.
I ended up with 30K in debtbecause of an administrative
paperwork error when I retrainedand was able to pay it off in
less than a year as an E4.
Wow, 30k in less than a year.
(30:58):
That's very aggressiveaggressive.
Speaker 5 (31:08):
I mean it's better to pay it off than to end up being
pushed out because of, like yousaid, an administrative
paperwork error.
Look, I get, we make mistakes,but and and I'm glad that tony
caught it but at the same timethough it's like that's their
job they should know not to bescrewing this up and and making
those errors.
But again, you know that's athumbs up for Tony on that one.
Speaker 4 (31:29):
Yeah, yeah, I'd be curious to kind of hear more
about that journey.
You know, tony, if you'd beinterested, want to jump on the
stream sometime, you're morethan welcome to.
But yeah, like that's, anotherthing that happens in the
military that a lot of civiliansdon't understand is that your
pay can get messed up and easily, easily and sometimes, often,
(31:53):
and no offense to any, um, youknow, finance people in the
military world.
I know you guys get a lot ofcrap, but you know sometimes it
happens, sometimes it's computerthing, you know, or a glitch in
the system or whatever, butthat is a real reality.
That military members have todeal with is irregularities in
their pay.
Or, you know, especially whenyou're moving assignments, you
(32:17):
know the BAS is your or the BAHis your housing allowance BAS.
You know all that stuff cantake some time to kick in.
So that's that unpredictabilityof the military lifestyle can
really cause a lot of financialstrain, you know.
Speaker 5 (32:33):
Yeah, cost of living too.
You know your upgraded pay oryou got what was it?
Dangerous pay when you'redeployed.
I mean you got to really, youknow, really pull this stuff up
and go and compare two weeks agoto now.
Speaker 4 (32:48):
Yeah, I get it, yeah, but it sounds like this wasn't
even his fault.
It was just like in Monopolywhen you have a bank error
that's not in your favor.
This is one of those thingswhere it's like man, he got
screwed.
It sounds like $30,000 in oneyear.
Speaker 6 (33:15):
Yeah, no, no way, I mean, I'm not calling him a liar
, I'm sorry.
Speaker 4 (33:17):
I like my money.
So yeah, we uh.
He chimed in again.
He said my first sergeant,chief commander, etc.
Did nothing to help me.
Wow, I had to rely a lot on mysenior NCOs and friends on what
to do, learn to budget, do somequote cheap living to make it
work.
I love to come on and share.
It's a wild ride, okay, right.
Speaker 5 (33:41):
I'm bringing the cigars and the whiskey.
Speaker 4 (33:45):
All right, yeah, I probably need some whiskey after
a story like that.
Right, I'm bringing the cigarsand the whiskey.
All right.
Yeah, I probably need somewhiskey after a story like that
man.
That sounds intense, but itdoes sound like a wild ride.
Yeah, that's cool.
I said well, we'll definitelyhave to coordinate that, maybe
within the next week or so, or Idon't know.
That's the interesting thingabout NBR is that all these know
all these different shows goingon for different times, and
(34:06):
then you have your own personallife.
So there's just like it's likethreading a needle and remember
we can't go over by one minute.
Well, yeah, we do have to bemindful of our time.
So I kind of lost track of timelast time.
So, yeah, we're going to try tokeep it tight today.
Keep it tight.
I don't want to step onanybody's stream, so I apologize
(34:28):
for that.
So, but you know this is livebroadcasting, you know.
So sometimes things go long,sometimes you know technical
issues.
So, yeah, I mean, but yeah,definitely, tony, we're going to
have you on.
I'm excited to hear thatconversation and all the gory
(34:48):
details, but obviously I don'tknow.
You don't probably want to giveus too many details, but I just
want to hear the story abouthow you, how did you Pay that
off?
Yeah, pay that off, and youknow, I think a lot of people
would really be inspired by that, um, so, but yeah, um, I mean,
(35:12):
military life is unpredictable,um, and and then dealing with
your finances can beunpredictable, you know, in in
in regular life, not in themilitary, so, yeah, so, it's
just one of those things thatyou know we're.
One thing he did mention that Iwant to I want to highlight too
(35:32):
is that he learned a lot fromhis senior NCOs and friends.
So he relied on his directsupervision and peers and
friends.
So that's, I mean, that's agood thing.
It's good that he had that,that support at least.
Yeah, but you'd be surprised,yeah, like the higher, higher
level people might not alwayswant to take.
(35:55):
Take that into consideration,but yeah, yeah.
Speaker 5 (36:01):
And then there's some NCOs up there that they got
their strength.
It's you're on your own, dudethey don't care, they put in the
time and they don't have timeto teach the young pups coming
up from underneath them.
You may get lucky, you may havethat one guy that says I'm
going to teach you, I'm going toeducate you you may have that
(36:23):
one guy that says I don't careabout you, just get out going to
educate you.
You may have that one guy thatsays I don't care about you just
get out of my face.
Speaker 4 (36:28):
So you will have that , yeah, yeah, and sadly, up and
down the chain.
You know like sometimes youjust don't have the most
supportive people around you.
But you know, like I said, itsounds like he had at least some
people huddled around him andI'd be curious to you know, um,
I'm sure a handshake, becausethat's the thing, like that,
(36:50):
that interaction probably sethim on a really good trajectory
and you know, even though it's abad situation, it sounds like
he probably learned a lot, uhalong the way.
And so, yeah, he said, uh, hesaid, if you're doing a show
next Thursday about this time, Ican hop on and more than happy
to share.
So, yeah, we'll go ahead andtry to set that up with Tony.
(37:12):
Share it all.
Oh, wow, he's like he's readyto spill the tea.
All right, how detailed do youwant it?
Whoa, we'll keep it PG.
Okay, maybe PG, pg 13.
I don't know, we'll see, we'llsee how the day goes, um, but
(37:33):
yeah, um, we'll look forward tothat, tony, we'll uh, we'll jump
on.
Actually, I don't think we'veeven had a chance to uh to jump
on each other's uh broadcast atthis point.
So it'd be cool to uh to dothat.
Um, I just realized I I've lostcount of how many episodes I
had done, so I had to go backand do the math.
So, yeah, apparently this isepisode 18.
So that's uh, that's prettycool.
(37:54):
I didn't realize it had beenthat many um, time flies when
you're having fun, but uh, yeah,it's, it's been a, it's been a
wild ride.
But yeah, I'm just excited tobe here and share knowledge,
whatever knowledge I have, butthen also share from my guests,
because part of what I'm tryingto do here is encourage people
(38:17):
that want to share their storiesof success on the air, on the
air.
So if you have a, you know, ifyou have an inspiring story and
you've you've basically overcomeall odds with your finances in
the military, then, yeah, comeon the show, hit me up.
You can email me, directmessage me, make a comment on
(38:39):
this video.
Just yeah, just jump.
Let me know if you want to jumpon the stream.
Uh, so, um.
So tony said it's all pg, Ipromise no rated r much, all
right, so we'll have to.
I'll have to have the bleepbutton ready, just in case.
Um, I don't even know if I havea bleep button, but yeah, well,
(39:04):
and then we also have a commentfrom C Beyond Infinity, another
NBR host.
Is it unfortunate?
It is unfortunate.
Need more budgeting andfinancial training earlier on,
yeah, absolutely.
So, dod, I mean, I hope.
Actually I kind of want to do alittle bit of a deep dive and
see what is the DOD actuallydoing for financial readiness.
(39:24):
Want to do a little bit of adeep dive and see what, what is
the duty actually doing forfinancial readiness?
You know, I may be talking outof my butt right now and and
then turns out that the you know, military in general is doing
something.
But uh, just from my, myexperience and hearing it from
other people, is that it'seither non-existent or it's all
like, like, like with tony, likefriends, co-workers and then
maybe some direct supervisors.
(39:45):
So there's not really a DOD ora military or any branch
specific crush as far as I knowspecifically.
For you know, financialliteracy in the military so I
guess that'll be part of mymission is to you know like
they're actually passing it intolaw for schools across the
(40:08):
country to have financialliteracy.
So I do know that part is inprocess and they should have
been doing that years ago.
Yeah, yeah, because I mean thathonestly would learn some of
these you know foundationalthings while in active duty,
then then they could, you know,they don't even have to worry
(40:29):
about financial literacy whenthey get to the military.
They'll already, be, like,ready to go for the most part.
But yeah, that's a long processand I'm sure maybe some smart
minds I hope are working on that, because, yeah, I mean, even
the the the reason why I Istarted my financial journey was
just I didn't know anythingabout money and and I just had
(40:51):
to learn on my own and and readbooks and look at the internet
and and now you have all thesedifferent resources that can
make it even more accessible andeven with ai, like there it's
it's able to condense all theselarge, large bodies of work into
a more digestible format so youcan actually learn it more,
(41:11):
like, faster, more efficientlythan I did and people before me.
So I don't know, I think Ithink we're on on the, on the
edge of some cool things, and Ihope, um, I hope that it
continues.
But yeah, I just gotta keep uh,push, fighting the good fight
and, you know, poking the bearmaybe, and talking to somebody
within the dod and and being anadvocate for that.
(41:34):
Um, yeah, yeah, um.
So we got a comment uh from cbon infinity.
Yes, it is time to startteaching more than trading time
for money and paying bills.
Yeah, yeah, I think that's.
That's another thing a littlebit almost philosophical to
(41:54):
about.
You know what is money and whatare we, what are we doing with
our time?
And you know we're trading.
We're trading our time formoney, we're trading our time
for money, and then we'retrading that money for, uh, you
know, certain objects orwhatever.
So you know, it's, it kind ofgets into the.
You know, um and this issomething that has come up in
the in the fire community, thefire movement is, um, you know
(42:17):
people will go and they'll earlyretire.
You know, like, the whole goalof this is to retire early, but
they don't actually have a planfor when they actually retire.
So you hear about these storiesof like, oh, I'm 40 years old
and I'm retired, Financially,basically independent, and then
(42:38):
you're like, what are you doingwith your time?
And they're just like I'm bored.
And and they're just like I'mbored, like you know it's it's,
it's crazy that you know youhave people that are basically
financially independent and theydon't even know what to do with
themselves.
Speaker 5 (43:00):
I mean they need to find a hobby.
In my opinion they need to finda hobby.
They need to find.
I'm pretty sure if you'reretired by 40, don't be wrong
it's.
It's a little early for me inmy opinion, because you know you
got all those stipulations of59 and a half.
And you know you pull up beforethis, whatever.
But you know if you're boredwhen you retire, maybe and I say
this as a cautionary tale ifyou retire and you're bored, go
(43:20):
find a part-time job.
Or maybe you shouldn't haveretired at all.
Don't get me wrong.
It's tough.
I've seen people retire andthey lose their absolute because
they don't know what to do.
They don't know how not to workand unfortunately, that's where
the economy and where thepolitics have led us to believe
(43:44):
or to see it.
I mean, it's wishing one handand you, you know the other part
of the statement is the otherone, so how did?
tony say it poop in one hand.
There you go tony, yeah, thereyou go tony, yeah, but it's so
crazy because here's, here's abig and, joey, I want your
(44:05):
opinion on this one when did youlearn about anything about
saving money?
When did you learn about evenretirement?
Or hey, I got a 401k, I want toinvest, or when was that ever
brought up?
Speaker 4 (44:22):
Brought up.
I mean, if I'm being honest, mydad tried when I was a teenager
and like, set me up for, say,like we went to the bank and set
up a savings account, I put mypennies and my quarters and
everything in there, and so Itechnically started at a young
age, but really, like we saidbefore and I think in previous
episode, like, um, I still wentout and made a lot of poor
(44:42):
decisions and then I had to, youknow, even with my dad trying
to be like, okay, you need to dothis, you need, like he was
trying, he was really trying, so, but it was like, you know,
that teenager, early twenties,in one year out the other where
I'm like, okay, well, yeah,thank you for that, dad, but I'm
going to do the exact oppositeinstead.
And then, lo and behold, itblows up in my face and then I'm
(45:04):
sitting there holding the bag.
But I think it's just one ofthose things that, yeah, some
people can learn.
You just tell them the formulaand they just go ahead and do it
.
They just was like okay, and Ihad that happen a couple of my
subordinates.
I was like, all right, you needto set up a retirement account,
I would do that, and he's like19, 20 years old and he was like
(45:24):
, okay, all right, we'll do.
And he literally did it like in, in, like the same day and, um,
you know, he just he didn'teven push back at all, whereas
other people, you know, it'slike, it's like herding cats,
you know it's it's tough, but uh, yeah.
So uh, look at another compriftsavings plan was my first time
(45:45):
hearing that I could do it.
So she was talking about whenwas the first time you really
learned about Savings and stuff.
Otherwise, that stuff was forrich people, Okay, yeah.
Speaker 5 (45:58):
I mean, she's not lying when you hear about thrift
savings plan.
Again, in my opinion, it's Idon't know, know it's worded
wrong, I guess you want to saybecause it gives off the wrong
vibe.
In my opinion, I I heard aboutit.
Did I save anything?
No, and then this was in themilitary.
This I tried in the military umcoming out.
(46:19):
You know, now I've got somemoney saved up, but again it's
not where I want it.
Um, you know, as she said thatthat was, that was stuff for
rich people, she's not lying, Imean, it's hard to deny what
she's saying.
Speaker 4 (46:36):
So right, right, yeah , and part of that is, um is a
lot of socialization, honestly,um, you know, we, we, the way we
, um, we learn our money habitsusually by the time we're, you
know, six years old, as early asyou know like you learn from
your parents at such a young age, and then some of your actual
(46:56):
financial beliefs are usuallyfirmed up by the time you're
going into, like, adolescence.
So we learned that stuff earlyon and a lot of times you don't
have any control over you know,okay, my parents were really
stingy and you know I learnedthat.
You know you had to value moneyand we didn't have enough money
, but turns out they were supersavers, you know, and they saved
(47:17):
a bunch of money and that's whythey were able to be, you know,
successful.
But, but, yeah, you know, likejust just having these
conversations talking about it,I think that's helpful and I
appreciate, appreciate infinity,or say beyond infinity, to, to,
to bring all these things up,cause these are really great
(47:38):
insights and the great, greatobservations and stuff.
So I appreciate, appreciate youadding to the conversation, uh,
but, with that being said, uh,we are going to have to take
another station break and we'regoing to play um.
I guess this time I will playAndrew Roboro.
He's the other person that I'mreally interested in lately, so
(48:00):
we're going to play red, whiteand blue, um, or bleed red,
white and blue by Andrew Roboro.
So we'll be back.
Speaker 8 (48:21):
It's been ten years since I'd seen his face.
Not much had changed, just adifferent time, different place.
When I shook his hand, I knewsomething had changed.
(48:46):
This was a different man fromthe one I knew back then.
Speaker 9 (48:58):
That's when it's said we do the goals.
Yes, I stand in line.
Speaker 8 (49:06):
And watch the flag wave and drag.
Speaker 9 (49:11):
You see, this is what I do.
Yes, I bleed Red, white andblue.
Speaker 8 (49:25):
He told me the tales Of his journeys far away, three
times gone, and the land mostonly seen On the front page.
We'll be right back and foughtfor you and I, so we could be
free From it all.
Speaker 9 (50:01):
That's when it's said we do the goals.
Yes, I stand in line and watchthe flag wheel fly.
You see, this is what I do.
Yes, I bleed.
Red, white and blue when dutycalls.
(50:30):
Yes, I stand in line and oncethe flag, we'll be praying.
Yes, I stand in line and watchthem weep and pray.
You see, this is what I do.
Yes, I bleed.
This is what I do.
Yes, I bleed.
Oh, this is what I do.
Speaker 3 (50:56):
Yes, I believe Little I know military broadcast radio
(51:19):
, the station that's givingveterans a voice find us on the
web at mv radio opinionsexpressed in this program are
those of the speakers and do notnecessarily reflect the views
or positions of any entitiesthey represent.
Speaker 2 (51:37):
Find us on the web at mbradious.
Speaker 4 (51:43):
All right, we are back live.
This is Money in the Militarywith Military Broadcast Radio
and we've just been talkinghaving a little money financial
Q&A.
I had some good comments andlet's see we got okay.
(52:05):
So CB on Infinity got to headout.
Joey, I appreciate the insightand awareness you're bringing to
financial security andeducation.
Best wishes for launching yourvoice to the community education
.
Best wishes For launching yourvoice to the community, cameron.
Oh well, thank you for that.
I really appreciate that.
That's awesome.
(52:25):
So, yeah, like we're, you knowwe're just talking about
different kind of financialthings that are coming up, or
military specific especially,we've had some, you know, some
good, some questions, some, um,some jokes thrown in there, got
some, uh, got a couple of jokes,we got some jokes.
(52:45):
But yeah, no, we got some good,good, um, good conversation and
um, you know like, um, we'rejust, uh, we're here, we're just
two veterans everyday averagejoe types, um and you know, um,
just trying to help people withtheir finances.
Um, I'm I'm really more or lesstrying to help more people than
(53:09):
I could, you know like, becauseI mean, I have, technically, I
have a private practice, I havefinancial coaching clients that
I do on the side.
But that's helping one person,which is good.
I'm glad I feel good about that.
I really do enjoy that.
But part of me is like I wish Icould do more.
(53:30):
I wish I could spread some ofthat knowledge out.
So, yeah, I wish I could domore.
I wish I could, you know,spread some of that knowledge
out.
So, yeah, and for people totake it.
Speaker 5 (53:40):
That's not the biggest problem or the biggest
question.
It's are they going to listento it?
Are they going to apply it?
Are they going to come back andsay hey, I, you know, I've done
what you've asked, but I'mstill missing something.
Let's fill the gaps in.
Let's make sure I'm on page.
If I need to adjust it, let'sadjust it.
Speaker 4 (53:59):
Right, yeah, it's just, you know we're just trying
to do our best.
You know, like we've talkedabout before, personal finances
is usually the last thing thatpeople want to talk about
generally.
You know they'll talk aboutpolitics before they'll talk
about, uh, personal finances isusually the the last thing that
people want to talk aboutgenerally.
You know they'll talk aboutpolitics before they'll talk
about, you know, uh, debt, um,but it used to be.
(54:22):
You know, it's always been kindof a taboo subject, but, um,
you know, I'm really getting alot of good feedback that people
really do feel like, you know,they don't feel so so bad about
you know, their finances and, um, you know, because everyone's
going through the same, the samethings, you know, and they're,
you know they're they'restruggling in their own way.
(54:43):
You know, even, even,millionaires are having
financial problems.
It's just it's at a differentlevel than than we're we're
looking at down here, but, um,uh, yeah, money is a natural
stressor, no matter how muchmoney you have.
We just have to try to bemindful of that and do our best
to have a laugh, do somethingfun with your money, but just
(55:08):
don't be irresponsible.
I think that's the biggestthing.
Speaker 5 (55:12):
Again, this is coming from a single man that has
struggled with finances Pay whatyou can Communicate, get it in
writing and work on your bills,one bill at a time.
Again, I said it in a coupleepisodes ago don't stress
yourself out.
Have fun a couple episodes ago.
(55:37):
Don't stress yourself out.
Have fun that one time a month,or it's kind of like as bad as
an example.
It's going to be sound.
It's like a diet, right, yousit there and you strictly diet.
You gotta have that one cheatday.
Well, when it comes to finances, you pay your bill that one
month.
That one time a month we go outand go do something, go to the
movies, go putt-putt golf, gogo-karting, go bowling, go
whatever and say, all right, Ican do that and still be able to
(56:01):
live your life and justcommunicate.
This is my opinion.
My opinion only, if you've gota partner a husband, a wife,
boyfriend, girlfriend, whatevercommunicate on what you're
bringing into the relationshipand say, lay it out on the table
, lay it out and say, look, I'mnot going to hide anything, I'm
going to be open and if I needhelp I'm not gonna be afraid to
(56:23):
ask for help, because you knowthere's that one person that's
going, that's going to hidesomething and it's going to get.
There's going to be thatfriction just be open and honest
.
That's all.
That's all anybody would everask.
Speaker 4 (56:35):
Just be honest and work on it together it became
yeah, yeah, yeah, and then like,if you, if you're, you don't
have a significant other, youknow, you need to be honest with
yourself as well.
You know, um, be honest withyour partner for sure, but then
you also need to be honest withyourself sometimes and and that
(56:55):
can be the tough part of lookingin the mirror and be like, oh,
I spent that much money on xyzlast month and you're just like
kind of cringing at yourself.
But but you know, you like, likewe've been saying, you know,
give yourself grace, understandthat we're human and we're going
to make mistakes, um, butreally I think we just need to
have better, more, healthierboundaries when it comes to
(57:19):
money and healthier habits.
And you know, like I said, justde-stigmatizing it, talking
about it, putting our, you know,even if it's roasting yourself
in front of your friends like,oh man, I made this really
boneheaded financial decision,and then start talking about
finances and even with yourfriends, like you don't know how
much your friend's worth, youknow which is.
You know his net worth might besomething that you're curious
(57:42):
about, but you don't necessarilywant to ask that and that's.
But you know, I just think thatwe should be able to be more
open and honest and frank witheach other about our finances,
even if it's uncomfortable.
So that's my challenge toeverybody is to go out and if
you have a significant other,you know, have that tough talk
(58:06):
you've been putting off aboutfinances, or, you know, the end
of the year is a great time forkind of like you know, shoring
up your finances, getting readyfor the new year and starting
off with a clean, fresh slate.
Speaker 5 (58:16):
Don't be afraid to ask for help.
I'm not saying like financialhelp or asking people for money.
I'm not saying do that.
I'm saying go ask somebody thatsays, point me in the right
direction.
Have that wake up moment orwake up call, because if you
think you can't do it byyourself, mr Laswell can help
(58:37):
out.
Know there's other people outthere tax people, or yeah
there's a program learn it stepby baby, step it and and all
right, I actually got to cut youoff a little bit.
Speaker 4 (58:49):
we're we're running low on time, um, so I just be
mindful of the clock, so yeah.
So I appreciate Cameron, Iappreciate you guys, all the
people that jumped in the chatto ask me questions.
I appreciate it.
Thanks for the love and thesupport.
We'll catch you guys on thenext stream.
Have a great day.
Speaker 3 (59:08):
Ladies and gentlemen, thank you for tuning in to
Military Broadcast Radio.
Gentlemen, thank you for tuningin to Military Broadcast Radio.
As we wrap up today's show, wewant to remind you that the
podcast of today's episode willbe available right after we go
off the air.
So if you missed any part ofthe show or want to listen again
(59:33):
, be sure to check it out.
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(59:55):
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