Military Money Show

When it comes to money, our emotions often drive the decisions we make and that's especially true in military life, where constant change, separation, and stress can shape how we spend, save, and communicate with those we love. But if we don't understand our financial behaviors, we can find ourselves repeating the same mistakes over and over, leading us to feel stuck. In this episode, I discuss the world of behavioral finance with Cherie Stueve and how it applies to military households. We talk about why comparison is a financial trap, how our upbringing influences our money habits, and the surprising role of intensity in financial arguments. Cherie offers practical advice and small steps you can take today to make smarter money moves. Cherie Stueve, PhD, CFP®, AFC®, FFC®, FBS®, CAP®, is a lifelong learner and financial educator, counselor, coach, planner, and researcher. During her spouse's 20-year Coast Guard career, Cherie navigated frequent relocations before portal, virtual career and education options. That experience drives her commitment to helping military spouses build flexible, resilient careers in personal finance. For the past three years, she and her spouse, Tim have supported scholarships for military spouses to attend conferences and pursue professional development, including MilMoneyCon. https://milmo.co/podcast/behavioral-finance-for-military-life For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Transitioning out of the military isn't just about finding a new job. It's about redefining who you are. For many service members, especially those in the Special Operations community, leaving the military can feel like losing a piece of your identity, your purpose, and sense of belonging. In this episode, Kelly McGraw shares how to navigate the emotional and mental side of transition with tools that go beyond resumes and LinkedIn profiles. She discusses how the Honor Foundation is assisting service members through both its elite program and the new Vector Accelerator, enabling veterans to reclaim their sense of identity, purpose, and community as they transition into civilian life.  Kelly is the Chief Impact Officer at The Honor Foundation (THF), where she joined in 2020 to build a diversified funding stream and sustain the organization's mission into the future.  Prior to THF, she directed the development efforts at other notable nonprofits, including The National Pediatric Cancer Foundation, Horizons Hampton Roads, and the Navy SEAL Foundation.  Kelly also has 9 years of corporate experience in sales, marketing, and consulting. https://milmo.co/podcast/missing-step-in-military-transition For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Planning for college is already overwhelming, but for military families, the maze of VA and DoD education benefits adds another layer of complexity. The good news? These resources can be a huge asset—if you know how to use them. In this episode, Kate Horrell shares smart, practical strategies from her new book College Finances for Military Families. You'll learn how to maximize the GI Bill, avoid common pitfalls, and create a college funding plan that actually works for your family. Whether you're a service member, spouse, or parent of future college students, this episode will help you turn confusion into confidence—and save real money in the process. Kate is an award-winning personal financial educator who helps the military community make the most of their pay and benefits.  With over 10 years working with thousands of clients and readers, she understands the concerns of currently serving, retired, and veteran families. She shares the most up-to-date information in understandable terms, and highlights how rules, programs, and laws will directly impact our personal finances. https://milmo.co/podcast/college-money-moves-for-military-families For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Many people say they want to start a business, build wealth, or make an impact, but the truth is, they often stop short when things get tough. Whether it's fear, self-doubt, or a lack of direction, those roadblocks can keep people stuck. In this episode, T. Shane Johnson shares how he pushed past rock bottom and used his military experience, mental toughness, and belief in sales to build a life on his own terms. You'll learn how he bounced back from homelessness, what it really takes to succeed in business, and why believing in yourself is the foundation of any good business. T.Shane is a veteran, and with his daughter, they're building America's first indoor hydroponic coffee farm. With a patent-pending system and nationwide retail traction, they're on a mission to grow sustainable, U.S.-made coffee—year-round, farm-to-cup, and family-owned. https://milmo.co/podcast/sales-and-self-belief-make-or-break-your-business For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Today is Memorial Day, a day of honor, reflection, and gratitude. Our community knows better than anyone that it's not just a long weekend or the unofficial start of summer. It's a time to remember the brave men and women who took an oath and gave everything in service to our country. Their sacrifice is the reason we have the freedom to chase our goals and live with purpose. In honor of those who took bold, selfless action for us, I wanted to release this episode. It's a reminder that the best way to honor their legacy is not just with words, but with our actions. We have the privilege to build, grow, and live freely. Let's not waste it. In this episode, I'm putting a spotlight on the gap between your intention and your action. If you've been all talk and little follow-through, this is your kick in the pants to step it up.  https://milmo.co/podcast/is-what-you-say-and-do-in-alignment For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Woodworking can be a deeply fulfilling hobby, a practical skill, or even a powerful form of therapy but turning it into a business? That's a whole different challenge. Many aspiring makers struggle to bridge the gap between creativity and profitability, especially when faced with the realities of tools, pricing, and risk. In this episode, Stoane Loudenslager shares how to turn woodworking into a profitable venture from pricing and risk to finding your niche and building a business that lasts. Whether you're just getting started or ready to take your skills to the next level, Stoane shares practical ways to make money from woodworking, even when you PCS. Stoane has been around construction all of his life. He has over 20 years of experience as a professional woodworker, mostly in multimillion-dollar shops. After taking those lessons from large shops to a couple of small shops where he was employed, they saw success. He then started his own successful company using the same ideas. Now he's sharing them in his book, online course and consulting. https://milmo.co/podcast/make-money-woodworking For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Life insurance might be uncomfortable to talk about, but avoiding the conversation could leave your loved ones without support when they need it most. Whether you're on active duty or transitioning to civilian life, it's essential to understand the protections you have and the ones you don't. In this episode, Heather Walrath covers everything from traumatic injury benefits and accelerated death payouts to how to avoid losing life insurance coverage after separation or retirement. You'll learn what makes SGLI and FSGLI unique, when and how to update your beneficiaries, and why planning ahead is one of the most powerful things you can do for your family. Heather is an accredited financial educator who has enjoyed working with military members and families for the last 14 years while empowering them with financial education. She is a 2009 FINRA Military Spouse Fellow and holds a BA in economics from the University of Georgia and a paralegal certificate from the Denver Paralegal Institute.  She is also an accredited Veterans' Service representative. Heather has worked as a Personal Financial Counselor (PFC) with all branches of the military, including the Guard and Reserve components, as part of both the non-profit education sector and the Department of Defense PFC network.  Her passion is providing members with correct, unbiased information about the DoD Survivor Benefit Program and other survivor entitlement programs. https://milmo.co/podcast/what-you-might-be-missing-with-sgli-and-fsgli For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Health Savings Accounts, better known as HSAs, can be a powerful tool for saving money and reducing your taxes, but they're often misunderstood, especially in the military community, where eligibility can get tricky. If you've ever been confused about how HSAs work, who qualifies, or how they compare to Flex Spending Accounts and TRICARE, you're not alone. In this episode, military spouse and financial expert, Desiree Kaul, breaks everything down. You'll learn what makes HSAs unique, how they can fit into your savings plan, and what military families should know when transitioning out of service or choosing civilian health plans.  Desiree is a CERTIFIED FINANCIAL PLANNER, Chartered Financial Consultant (ChFC®), Chartered Special Needs Consultant (ChSNC®), Military Qualified Financial Planner (MQFP®), and an Accredited Financial Counselor (AFC®). She has experience in financial counseling, planning, and education, including previous work as a Personal Financial Counselor, educating service members on various financial topics. In 2024, Desiree launched her own virtual practice, Kaul Financial Solutions, offering tax preparation, tax planning, and hourly financial advice. In addition, she assisted in the launch of a new mentorship program with The American College of Financial Services to help military, veterans and spouses successfully transition to a career in financial services. https://milmo.co/podcast/what-military-families-should-know-about-hsas For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook  

Saving for education can feel overwhelming, especially when you're juggling military life, moves, and everything in between. Whether it's understanding your military benefits, choosing the right savings plan, or figuring out how to afford college for multiple kids at once, it can get complicated quickly. In this episode, Joe Brown shares strategies to help you plan for education expenses while making the most of your military benefits. We talk about how to use the GI Bill smartly, what to know about Chapter 35, and why scholarships and merit money should be a big part of your family's game plan. Plus, Joe breaks down 529 plans, education savings accounts, and tips for blending everything together without the stress. Joe is a CFP® Professional, an MQFP®, and a visiting professor of personal finance at the U.S. Coast Guard Academy, where his work is supported by the USAA Educational Foundation. He's the founder and lead planner at Always Ready Financial Planning. https://milmo.co/podcast/smarter-college-and-life-planning-for-military-families For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Taxes can feel like a mystery, and for many, they're scary. Add in a military transition, accidental landlord, or a side hustle, and it's easy to feel overwhelmed. But understanding your taxes and planning ahead can make a huge difference, not just in your wallet, but in your peace of mind. In this episode, Forrest Baumhover shares his journey from Navy to financial planner to online educator, and how he's helping people confidently tackle their taxes. We dive into the most common tax mistakes, why planning matters year-round, and what service members should know about building their next chapter after military life. Forrest is a retired naval officer, Certified Financial Planner, and tax professional. He helps people navigate taxes and Social Security through his website and YouTube channel, both titled Teach Me! Personal Finance. https://milmo.co/podcast/people-get-wrong-about-taxes For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

When it comes to investing, everyone wants to know the secret—how do you make fast money in the stock market? It's a question that is as old as the market. The answer isn't as simple or as quick as most people would like it to be. In this episode, I'm talking about what it really takes to be a stock trader, how that's different from just wanting a hot tip, and why your financial plan should be tailored to you, not the latest headline. https://milmo.co/podcast/stock-tips-and-trading For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

We are all juggling two financial forces. The first is living our life today, and the second is securing our future. The hard part is finding balance. You can't take money with you to the grave, but you also must have a surplus ready for when you need it most. If we put too much focus on one, the other falls apart. That's where Yin and Yang can benefit our financial lives.  In this episode, I'm going over how to use the concept of Yin and Yang to find balance and harmony with money.  https://milmo.co/podcast/financial-yin-and-yang

Debt can feel like an overwhelming burden that creates growing anxiety for not only yourself but also your family. When you're in the thick of debt, it can be hard to know how to get started and the best path forward.  In this episode, I'm going over strategies to help you get control of your debt with action and help you on the path to financial success. https://milmo.co/podcast/breaking-free-from-debt For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

We talk a lot about the struggles of transitioning out of the military – losing that sense of purpose, the steady paycheck, and the tribe you trust. But what we don't highlight enough is the flip side: how that transition can be a launchpad to an incredible career or business and a life you design.   In this episode, I'm sitting down with Brendan Aronson, a Marine turned entrepreneur who's all about creating pathways for veterans into leadership roles. From his time in investment banking to building a company that connects vets with high-growth careers, he's got a front-row seat to what works and what doesn't after you hang up the uniform.   We're covering: Top challenges for transitioning service members Why venture capital isn't always the answer for startups Networking tips to kickstart your civilian career Balancing the veteran community with the wider world   Brendan is a former Marine Infantry Officer. He's a U.S. Naval Academy Graduate and a Wharton MBA Alumnus. He is a serial entrepreneur and built TheMilVet, which is the Nation's premier executive search firm focused on landing veterans jobs in high-growth companies. He's a co-founder and Managing Partner of The Valhalla Group, which invests in U.S. National Security. https://milmo.co/podcast/navigating-into-civilian-life For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Starting and running a business solo is difficult even for the most knowledgeable and disciplined. It's hard to find the time of day and mental fortitude to be a jack of all trades. Hiring help can seem scary when you aren't sure if you'll make enough to pay them.  In this episode, I'm sharing how I've been testing and using freelancer marketplaces to hire experts to help me get tasks and projects done in my business on a budget.  https://milmo.co/podcast/hiring-freelancers-for-your-business For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

We often hear about how debt or the lack of a financial cushion can trap us in a cycle of stress, forcing tough decisions that might dig us deeper into trouble. Often, it's not because we want to but because our finances leave us no choice. What we don't talk about enough is the flip side: how being debt-free and having savings can open doors to incredible opportunities in life.   In this special episode, I sit down with Steve Stewart, the talented editor behind this podcast, to dive into his inspiring journey of becoming debt-free and the amazing paths it's allowed him to pursue. From paying off his mortgage to building a thriving career in podcast editing, Steve shares his story and offers insights on how you can do the same. We also discuss: Sustaining a debt-free life Opportunities from financial freedom The podcast industry's playing field Audio vs. video podcasting My friend, Steve Stewart is the Podcast Editor for some of the biggest indie personal finance podcasts like the Stacking Benjamins Show and Afford Anything. I'm honored that the MILMO Show is included among his amazing list of clients. He also created the Podcast Editors Club, now with over 9,000 members, and co-founded the Podcast Editor Academy - which helps individuals build their own podcast services business. If you're looking for help with your podcast, Steve is there to support you! https://milmo.co/podcast/living-debt-free-and-seizing-opportunity For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Food spending is often where budgets go off the rails—eating out adds up fast and can leave you with more waste than you are even aware of. With warmer weather pulling us outdoors and tempting us to splurge, now's the perfect time to revisit a fan-favorite episode. Today's an encore airing of What's Your Trash Worth? https://milmo.co/podcast/whats-your-trash-worth For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

You don't need a big paycheck to build a big bright future. Even if you're starting as an E-1 with little left over after bills, you can set yourself up for financial freedom. It's not about where you start. It's about the consistent steps you take from there.  In this episode, I'm sharing a roadmap to go from E-1 to financial success. I'm talking about avoiding money traps, budgeting like it's your personal mission, and setting the foundation for wealth—all around military life.   https://milmo.co/podcast/building-wealth-on-an-E-1-budget For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Many service members, military spouses, and veterans have valuable knowledge, skills, and expertise to share with the world. But turning that expertise into a steady stream of income can feel like an overwhelming challenge. Where do you even start, and how can you create something that generates revenue, makes a meaningful impact or both?   In this episode, Stu McLaren, a membership expert, shares his insights on how to turn your expertise into predictable, recurring revenue through memberships. He shares the basics of memberships, how to avoid common pitfalls, and how to find the right audience. My conversation with Stud is packed with actionable advice to help you take the first step toward creating a thriving membership community. Stu McLaren is a membership expert and co-founder of Membership.io, a leading platform serving thousands of online membership sites. With over 16 years of experience in the subscription industry, Stu coaches and consults best-selling authors, top-rated speakers, experts, hobbyists, and entrepreneurs on turning their expertise into predictable, recurring revenue. Through his signature program, The Membership Experience™, Stu has helped over 19,000 entrepreneurs launch and grow successful membership sites, while Membership.io powers thousands more. https://milmo.co/podcast/profitable-memberships   For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook  

Leaving the military can mean your entire identity is changing. It can be overwhelming. What is next for you in your career and your mission?    In this episode, Olivia Nunn shares her journey from military service to becoming a leading advocate for mental health and an authority in the branding world. We'll dive into how she navigated the challenges of transitioning to entrepreneurship, her insights on destigmatizing mental health within the military and veteran communities, and why storytelling is key to building a strong personal or professional brand—even when selling products.   Olivia Nunn, a seasoned veteran with over 20 years of dedicated service in the U.S. Army, leads Olivia Nunn Communications with a commitment to making a difference. With a solid foundation of 13 years of experience in government relations, Olivia specializes in communications, branding, social media strategy, and event planning, bringing her expertise to the forefront to craft compelling narratives and strategies that elevate brands and amplify voices. https://milmo.co/podcast/success-after-military-service   For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook  

Building wealth is a financial buzz phrase we hear a lot. We all want a build-up of wealth, but how do we get there, and what does that path look like for service members and their families? In this episode, Jerry Quinn, shares actionable insights for military families looking to build wealth and achieve financial success, what wealth-building means, and practical strategies for saving, investing, and navigating tight budgets. Jerry is a Colonel in the Army Reserve who has spent more than 30 years working in banking and insurance, specifically on military and veteran financial, housing, and career matters in those industries over the last 15 years. He is the Chief Operating Officer of the American Armed Forces Mutual Aid Association (AAFMAA). Established in 1879, AAFMAA now has $23 billion of insurance in force. Since 9/11 AAFMAA has provided more than $1 billion to military and veteran families of the fallen. At AAFMAA, Jerry oversees all aspects of AAFMAA Life Operations, including financial education, member benefits, survivor services, and life insurance. https://milmo.co/podcast/building-wealth-for-military-families For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Getting out of the military can be an exciting and daunting time mixed into one. In addition to starting new careers, potentially moving to a new location, and shifting your identity away from service member, there are VA disability compensation, military retirement pay, and tax planning to conquer.  In this episode, Curt Sheldon a former fighter pilot and highly respected financial expert, dives into the essential financial and tax considerations for service members and veterans navigating VA disability compensation and military retirement. Curt explains the key differences between VA disability compensation and military retirement pay, breaking down how programs like Concurrent Retirement and Disability Pay (CRDP) and Combat-Related Special Compensation (CRSC) work together. Plus he sheds light on the little talked about Strickland Decision. https://milmo.co/podcast/va-disability-and-military-retirement For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

The unexpected is not limited to financial markets. Life is full of surprises, ranging from mildly annoying mistakes or mishaps to life-altering crises. While we can't predict all of our life's twists and turns, we can be proactive to shield ourselves from major fallout. This protective buffer is better known as a margin of safety. It's a concept often talked about as it relates to investing, but margin of safety can be applied throughout our lives as a cushion to protect our well-being and quality of life. In this episode, I'm sharing what a margin of safety is, why it's essential, how to create it across different areas, not just investing, and common mistakes to avoid. https://milmo.co/podcast/protect-your-family-with-a-margin-of-safety For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Building the infrastructure of a business from the ground up isn't for everyone, but starting a business doesn't always mean you have to start from scratch.  In this episode, Bryan Park shares how he transitioned from military life to building a nationwide flooring business. He talks about the importance of integrity in business, navigating challenges with resilience, and why the trades are a path worth considering for financial success.  Bryan Park is the Founder and CEO of Footprints Flooring, a flooring installation company with over 150 territories in the U.S. Bryan grew up in south Denver. He attended the Air Force Academy. Like most people who serve, Bryan's military experience strengthened his belief in and commitment to integrity, duty, and leadership. Bryan serves on the Board of Directors for the National Wood Flooring Association. Under his leadership, Footprints Floors has been recognized as one of the fastest-growing franchises in America by Entrepreneur magazine. https://milmo.co/podcast/trades-are-a-smart-career For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Compounding is hailed as the secret sauce to financial success, and it is, but its power goes far beyond money. Whether networking or nurturing relationships, achieving personal goals, or growing your career, the power of compounding in life and money works its magic over time—for better or worse. The choices we make daily, no matter how small, stack up like blocks to shape the trajectory of our lives—especially its quality.  In this episode, I'm talking about how compounding can be a force for positive change and how negative compounding can derail our progress. https://milmo.co/podcast/compounding-in-everyday-life For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

It's that time. The sun is setting on 2024. Did your year go as planned? Did you do all the things you wanted? Sometimes things don't go according to plan and sometimes we don't do what we said we would do. If we want a different result we have to take different action in 2025.  In this episode, I'm talking about having the guts to go after what you want in the new year. Letting go of fear, stopping worrying about what others think, and finally taking steps toward reaching your goals. https://milmo.co/podcast/guts-to-go-after-what-you-want-in-2025 For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Merry Christmas and Happy Holidays to you and your family. The holidays are here, and I hope your's are filled with peace and joy. Traditions are a big part of holidays and special events. They are things built over time, sometimes with great intention, and other times start with special moments that are continued each year.  In this episode, I'm sharing some of my holiday traditions and my gift for you. https://milmo.co/podcast/happy-holidays-2024 For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Starting a podcast can be exciting, but turning it into a business that actually makes money? That's where many podcasters hit a wall. It's tough to find your niche, attract sponsors, and figure out how to make your show financially sustainable—all while keeping your passion alive. In this episode, we dive into Joe Crane's journey—from discovering podcasts on motivational CDs to creating his own show that connects veterans with resources, inspiration, and community. He shares actionable advice on finding your niche, monetizing through sponsorships and services, and why hiring a mentor or coach can be a game-changer. You'll also hear about the lessons he's learned along the way, including the importance of focusing your time and resources on what really matters.  Joe Crane retired from the Marine Corps in 2013 after 24 years of service.  He was an AH-1W Super Cobra attack helicopter pilot and completed two combat flying tours in Iraq.  Joe is now an airline pilot and host of the Veteran On the Move podcast.  Veteran On the Move empowers veterans and their family's through entrepreneurship by introducing them to successful entrepreneurs from the military community through thoughtful and meaningful podcast interviews. https://milmo.co/podcast/creating-a-podcast-and-growing-into-a-thriving-business For more MILMO, follow at: MILMO.co ItsMILMO on YouTube @itsmilmo on X @itsmilmo Instagram @itsmilmo LinkedIn @itsmilmo Facebook

Tax season is coming—are you ready? Whether you're dreading it, putting it off, or just plain confused, you're not alone. But what if, this year, you could tackle your taxes with confidence and maybe even save some money along the way? In this episode, Paul Allen and I are diving into things you need to know to prepare for tax season 2024. We cover people's most common questions about taxes and tips for preparing for filing. Plus, I revisit my favorite tax question, which I would like to ask Paul. Can I deduct my hair and makeup expenses?  Paul retired from the US Navy in 2010. Is now a Founding Member of PIM Tax Services, APFORIA, the Military Financial Advisors Association, and the Military Qualified Financial Planner Certification Program. Paul holds an MA in Financial Planning and Law, is an enrolled agent of the IRS, and holds the CFP® and MQFP® certifications. https://milmo.co/podcast/prepare-for-tax-season-2024 01:06 Preparing for Tax Season 2024 03:59 Understanding Business Expenses 12:53 Tax Deductions and Record-Keeping 18:13 Handling Tax Mistakes and Changes 20:49 Maximizing the Clean Vehicle Credit 21:44 Understanding the 1099-K Form Changes 23:40 End-of-Year Tax Planning Tips 24:36 Military Spouse Taxation Issues 27:20 Preparing for Tax Season 28:01 Quickfire Questions and Recommendations 31:10 Fun Fact or Fiction Game 34:50 Conclusion and Resources  

The holiday season is a time for joy, connection, and celebration, but it's no secret that it can also be incredibly stressful—especially for military families. The stressors can pile up quickly between tight budgets, work responsibilities, and the added challenge of spending holidays apart from loved ones due to deployments or just being stationed far from family. All the stressors can lead to making financial decisions that will come back to haunt you in the new year or for years to come.  In this episode, I'm sharing the biggest holiday stressors and practical tips you can implement to save money, manage your time, and enjoy your holidays the way you want. https://milmo.co/podcast/tight-holiday-budget 00:47 Welcome to the Mill Mo Show 01:46 Personal Holiday Stressors 03:04 Biggest Holiday Stressors and Solutions 04:03 Financial Strain and Budgeting Tips 05:20 DIY and Second-Hand Gifts 08:14 Travel Strain and Tips for Military Families 11:41 Time Management During the Holidays 14:38 Family Dynamics and Setting Boundaries 17:12 Combating Loneliness and Grief 18:40 Conclusion and Final Thoughts

It's hard to believe we are winding down Veteran's Appreciation Month and rolling into the holidays. Before we know it, it will be the new year. A new year is a great time to set yourself up for success all year long. But, a new year also means the beginning of a new tax season.  Even though we know it's coming, it can be a dreadful time of the year for people. I'm bringing back a popular episode on a topic to help us all have a can-do attitude and get mentally prepared for tax season.  Here is the encore airing of The Tax Reality Every Veteran Needs to Know with Matt Stephens.  https://milmo.co/podcast/tax-reality-every-veteran-needs

Building a successful tech-driven business is no small feat, but Sam Ingrassia has made it his specialty. As the CEO of BudgetSimple, Sam helps financial professionals, advisors, and brands grow their impact while generating recurring income. With more than 15 years of experience in engineering, marketing, and finance, Sam has built and scaled multiple web-based businesses, blending innovation with practicality.  In this episode, Sam shares his journey into web-based entrepreneurship, offering a behind-the-scenes look at what it takes to succeed in today's competitive, tech-driven world. We talk about the qualities entrepreneurs need to thrive, whether coding skills are still essential, and how to stand out using smart digital marketing strategies. Sam also dives into the importance of a strong online presence, including websites and SEO, and provides advice for anyone looking to enter the fintech or SaaS industries.  Episode Time Stamps 00:55 Meet Sam Ingrassia: CEO of BudgetSimple 01:21 Sam's Journey into Web-Based Entrepreneurship 01:39 Qualities for Success in Tech-Driven World 03:10 Sam's Early Career and First Projects 05:09 Insights on Marketing and Data Utilization 07:06 SEO, Paid Search, and Email Marketing 11:30 Building a Tech Business: Challenges and Strategies 15:00 Importance of Websites and SEO for Businesses 17:18 Effective Content Strategies for Small Businesses 23:00 Advice for Aspiring Tech Entrepreneurs 27:45 Financial Professionals: Needs and Solutions 31:17 Random Quick Questions and Game Time 37:12 Wrapup https://milmo.co/podcast/fintech-and-saas-world

The day you join the countdown to separation or retirement begins. Your days of being labeled a “service member” are numbered. At some point, you'll become a “veteran” of military service. In a snap, your life and identity will change. Are you ready for veteranhood? How can you make the best life after the military for you and your family? In this episode, I'm sharing how veterans can embrace their identity and leverage their unique experiences to thrive beyond the uniform. https://milmo.co/podcast/veteranhood

Building a real estate investing empire while on active duty may seem like a monumental task, but it's entirely possible with the right strategies. Johnny Lynum, a Lieutenant Colonel in the U.S. Air Force, has done just that, growing his portfolio to over 115 properties worth $14 million. In this episode, Johnny shares his journey into real estate investing, the methods he used to build wealth while serving full-time, and the lessons he learned along the way. He discusses how he identifies promising markets, common pitfalls new investors should avoid, and offers practical advice for fellow service members who want to get started in real estate.  Johnny Lynum is a Lieutenant Colonel in the United States Air Force who has served for over 19 years as a developmental engineer and intelligence officer. He is also an author, philanthropist, seasoned real estate investor, and coach. He has actively invested in real estate since 2006 and has purchased and sold single and multifamily properties across the SouthEast. Johnny has over 115 doors in his real estate portfolio valued at over $14M, primarily located in Panama City, FL, and Montgomery, AL, real estate markets. Through his military service, Johnny has gained tremendous experience by leading diverse teams in deployed environments and managing a $1.3 billion dollar development contract. These skills have been instrumental in his ability to scale his real estate investing business while still actively serving our country full-time. https://milmo.co/podcast/real-estate-investing-empire

Serving in the military comes with some perks. The VA home loan guarantee is one of the more popular benefits. It helps service members and veterans with home ownership. While it's generally talked about, sometimes the exact details aren't and can lead to not getting the most out of your benefit. In this episode, Dr. Paul Lawrence discusses VA home loans in detail. He shares how the benefit works, who is eligible, how it can be used, and common misconceptions about it. He also talks about lesser-known VA loan benefits like Specially Adapted Housing grants. https://milmo.co/podcast/VA-home-loan-guarantee

Members of the military are involved in problem-solving. It's at the heart of a successful mission. Many don't realize that it is also at the heart of STEM, or science, technology, engineering, and mathematics. It's all about data and problem-solving. In this episode, Navy veteran Anne Gibbon discusses how she is building a business to help others use data to its fullest potential to make better decisions. We also talk about her experience as the first woman to box for the Naval Academy and building a think tank for Seal Team 6. https://milmo.co/podcast/data-to-drive-change  

It's no secret that I've had some trademark issues. When you build a business, you're bound to be touched by trademarks in some way. You could file for your own trademark, or someone could be infringing on yours or you could be trying to be preventative. There are a lot of areas.  One that is particularly unnerving is getting a notice from an attorney or, even worse, the United States Trademark and Patent Office that you're infringing on someone else's trademark or that your trademark is in jeopardy. Everyone can guess the reaction letters like that would cause. Pure panic to anyone who receives it. Do you know who knows that best? Scammers. I know this because I just almost got trademark scammed.  In this episode, I'm sharing what trademark scam I was targeted with, what I did, the most common types of trademark scams, and how to keep yourself protected. Show notes: https://milmo.co/podcast/trademark-scam

Transitioning from military service to civilian life can be challenging, especially when it comes to finding a new career path in entrepreneurship. Not only are you starting something new, you have to make your own paycheck. In episode 305, I'm joined by Justin Brock, a Marine veteran who went from aviation operations in the Marine Corps to building a successful career in financial services and running a thriving business. We dive into his journey, the lessons he learned about sales and marketing, and how he grew his insurance business by focusing on authentic relationships and quality service. Justin also shares valuable insights for veterans looking to start their own businesses. The show notes can be found here: https://milmo.co/podcast/authentic-marketing-and-sales

Service members and their families are a protected group when it comes to their finances. The Department of Defense intentionally protects the military community from predatory financial sales practices while they are serving. Those protections are no longer there when you separate or retire, making transitioning service members top targets of predatory sales practices.  In this episode, Drew Stamp discusses what service members and their families are up against when they're leaving the military and how to educate themselves and combat bad actors in the financial and veteran space. We also discuss whether all the benefits the community receives could negatively affect them. We talk about: Transitioning from Military Service Purpose, Identity, and Community Predatory Financial Practices Financial Literacy Gaps Misleading Sales Practices The Importance of Gratitude and Self-Sufficiency Positive Traits of Financial Professionals Financial Planning for Transition Show notes: https://milmo.co/podcast/predatory-financial-sales-practices

The relationship between money and marriage can be complex especially when you add military service to the mix. When you bring two different backgrounds to a relationship and if you've had marital problems, managing money together can be all the more challenging.  In this episode, veteran and military spouse Tyron White and I discuss the financial challenges military couples face, the importance of seeking help for both marital and financial issues, the power of financial therapy, and the misconceptions about getting help. Show notes: https://milmo.co/podcast/rebuilding-financial-health /

Separating or retiring comes with changes in many areas of your life and money. One of those often overlooked big changes is your taxes.  What you did or didn't pay in taxes looks a lot different after military service.  In this episode, Matt Stephens and I discuss what the tax differential wage equivalent is, why it matters, and how it can significantly impact your financial decisions as you move from military to civilian life. Show notes: https://milmo.co/podcast/tax-reality-every-veteran-needs/

It's my Birthday Week on the MILMO® Show. Every year for my birthday, I like to interview someone special in my life. In past years, I've interviewed my Mom, Dad, and my 97-year-old grandmother. This year is no different. I have a very special guest to help me celebrate my birthday on the show.  In this episode, my brother, Brian Flanigan is in the hot seat answering all of my questions. He shares the biggest challenges he has faced retiring from the Air Force, the best thing he got out of the military and advice for people getting ready to separate or retire. He even shares his experience of being diagnosed and fighting cancer on active duty.  Show notes: https://milmo.co/podcast/2024-birthday-week

It's my 300th episode. When I started, I never imagined being where I'm at now. Having a podcast is like being on a roller-coaster. There are ups and downs, twists and turns, but it's all exhilarating.  In this special episode, I'm sharing a look back on podcasting 300 episodes of the MILMO Show, a behind-the-scenes look at what I do, lessons learned, and the questions and answers I'm asked about podcasting. Show notes: https://milmo.co/podcast/podcasting-look-back-300-episodes

I love that I get to talk to you every week about money and entrepreneurship. I'm getting real close to my 300th episode, which means a lot to me. While I love that I have the privilege to be one of the podcasts you listen to, I want to do more. I want to go beyond devices and connect with members of the MILMO® community in a more meaningful and impactful way. I've been planning something for a while—something that will bring the MILMO® community together.  In this episode, I'm going to tell you what MILMO® Meet is, my vision for it and one teensy change I've made to the branding of MILMO®.  Show notes: https://milmo.co/podcast/announcing-milmo-meet

A PCS or Permanent Change of Station impacts every part of your life, including your finances and jobs. Understanding the basics of PCSing can help you avoid costly mistakes and maybe make some money on it.  In this episode, Kate Horrell breaks down the financial basics of a PCS, the allowances provided by the DoD for your move, and advice to make everything go smoother.  Kate is an Accredited Financial Counselor®, Chartered Financial Consultant®, Military Qualified Financial Professional, and founder of Kings High Media. She creates personal finance content that helps our military and veteran community make the most of their pay and benefits. In addition to being a financial expert, Kate knows a thing or two about being a military spouse and PCSing. She's been married to a now-retired sailor for 30 years, corralling four girls and two cats across four OCONUS tours and a handful of homes in the US. Show notes and resources: https://milmo.co/podcast/pcsing

Not everyone tracks the state of the economy, but when the news reports that it's taking a nosedive, that usually gets people's attention. There is one thing at the heart of our economy that can help you have a better understanding of how it all works, and that's the federal funds rate.   In this episode, I'm going to break down what the federal funds rate is. Who sets it? And most importantly, why should you, as someone managing your or your family's finances, care about it? The show notes can be found here: https://milmo.co/podcast/federal-funds-rate

Have you ever had an idea to make a product that other people might be willing to buy? Many of us have, but how do you take your idea and get it produced and packaged to sell? You also need to have the resilience, innovation, and entrepreneurial spirit to get it done.  In this episode, Air Force veteran, Haley McClain Hill shares her behind-the-scenes experience building TORCH Warriorwear, a company born from her military background and entrepreneurial spirit. We talk about how she turned an idea to be more comfortable in uniform into a global brand, secured partnerships with major organizations, and even landed a deal on ABC's Shark Tank. Show notes: https://milmo.co/podcast/creating-a-product-and-winning-pitch-competitions

You know that feeling when you bite off way more of a burrito than you can chew? It's overwhelming. Instead of enjoying the taste and appreciating the awesome sustenance, you're panicky and scared you'll choke to death. Well, that's exactly what many of us do with our finances. We set massive goals, take it too much information, and try to tackle everything at once. Then we end up feeling overwhelmed, paralyzed, and defeated. But great news, there's a better way. In this episode, I'm going to break down why taking small, consistent bites out of your financial goals is the secret to lasting success. I'll share practical strategies to make your money moves more manageable, celebrate small wins, and motivate you along the way. https://milmo.co/podcast/financial-bites

The world is packed full of information. With the Internet and a cell phone, we have all the knowledge in the world in the palm of our hand. No matter the situation, if you need information, it's there. But how do you distinguish between key information you need to make decisions and unnecessary noise?  In this episode, Bob Hayward, retired Vice Admiral and former Navy SEAL, discusses how you can enhance your decision-making process in any situation with ”good gouge,” especially financial and career decisions.  We cover: The concept of "the gouge" and its military origins and importance in decision-making Creating a culture of sharing knowledge and supporting others in organizations Advice for service members transitioning out of the military The importance of critical thinking and asking questions Encouraging open communication Show notes: How to Be Smarter in Any Situation

You've heard me and every other financial person say it before: Spend less than you make and save. It's a fundamental of personal finance, but then what? Once you've done the savings part, what are your next steps with the money? Today's the fifth and final episode of my "Back to Basics" series about being brilliant at finance's basics or core principles. So far, I've covered the Thrift Savings Plan, cash flow, saving smarter, and insurance. Today, I'm diving into a topic that can make or break your financial future: investing fundamentals. Investing wisely is a centerpiece for building wealth and reaching financial goals. In this episode, I'll cover: The basics of investing terminology Types of investments Understanding risk and return The power of diversification Compounding and its benefits Asset allocation strategies Key investment strategies Show notes: https://milmo.co/podcast/investing-fundamentals

Today's the fourth episode of my "Back to Basics" series about being brilliant at the basics or core principles of finance. So far, I've covered the Thrift Savings Plan, cash flow, and saving smarter, and today, I'm going over another important topic that is often misunderstood: insurance.  Understanding insurance is essential for managing risk and protecting your financial gains and well-being, but it can also help you recover if there's an unexpected life event like an accident or illness.  In this episode, I'm going over: Why insurance is important Types of insurance you need How to choose the right insurance Common mistakes to avoid Maximizing your insurance benefits https://milmo.co/podcast/insurance-basics