Podcast appearances and mentions of doug nordman

In this episode, we're taking it to the streets of Atlanta, GA where the 2024 FinCon took place. FinCon is the largest (and funnest) conference for independent content creators in the personal finance space. We wish you could have been there but since we couldn't bring our audience to FinCon, we're bringing a little FinCon to you. We chatted with some of them and asked the big question:  "What is your best tip for late starters?"

In this episode of the Financial Freedom Podcast, we welcome Doug Nordman, a retired U.S. Navy submariner, author, and financial independence advocate. Doug shares his inspiring journey to early retirement, practical tips for frugal living, and strategies for raising financially literate kids to prepare them for a life of financial stability.   This episode is perfect for anyone looking to achieve financial independence, learn how to live a debt-free lifestyle, break free from overconsumption, and build generational wealth while adopting habits for long-term financial success.  If you're starting your journey toward retirement planning this episode is a must listen. Key Topics Covered: 1. Doug Nordman's Journey to Financial Independence   Discover how Doug retired early through strategic financial planning and disciplined living.   2. Frugal Living Without Feeling Deprived   Understand how intentional spending can lead to a fulfilling life without financial stress.   3. Striking the Balance Between Saving and Living   Doug explains how to enjoy life while staying committed to your financial goals.   4. Teaching Kids Financial Literacy Early   Learn how to introduce money concepts, allowances, and chores to teach your kids the value of frugality and smart money habits.   5. Doug's Approach to Giving Back   Explore Doug's thoughtful donation strategies and how generosity can enrich your financial journey.   6. Tackling Overconsumption and Hyper Consumerism   Get tips on resisting societal pressures to overspend and focusing on value-driven living.   7. Achieving Fulfillment Through Retirement Doug's journey to achieving fulfillment through his retirement.   Resources Mentioned: The Military Guide to Financial Independence and Retirement (Doug's book) Raising Your Money-Savvy Family for Next Generation Financial Independence Listener Takeaways: Achieve financial independence with practical, actionable strategies.   Balance frugal living with enjoying life's pleasures.   Equip your children with lifelong money skills.   Avoid overconsumption and focus on intentional spending.  Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Doug Nordman:  Author, speaker, and advocate for financial independence Email him at: nords@gmail.com  Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. This episode is also sponsored by Corporate Direct - Helping entrepreneurs and investors protect their assets and build real wealth. Corporate Direct also assists clients in meeting compliance requirements under the Corporate Transparency Act, ensuring federal reporting is handled with ease and accuracy.

Ready to Dive into Financial Independence? A Hang 10 with Doug Nordman!This episode of The NoteClosure Show is totally rad, dudes and dudettes! We're hanging ten with Doug Nordman, a retired Navy submariner who's not only achieved financial independence but also manages to squeeze in daily surf sessions. Seriously, this guy's life is the ultimate blend of discipline, smart investing, and catching some serious waves. Forget the boring old retirement – Doug's showing us how to live the dream!This isn't your grandpappy's finance podcast. We're deep-diving into practical strategies, sharing actionable tips, and even dropping some military slang (because, why not?). Get ready to become a financial SEAL team and master the art of wealth building!Here's the lowdown on what we covered:From Submarines to Surfing (and Financial Freedom): Doug shares his incredible journey from active duty in the U.S. Navy Submarine Force to achieving financial independence at age 41. He's proof that even with the often-chaotic life of a military member, financial freedom is totally attainable! (Hint: High savings rate and not spending a lot of money at sea was key!)The Power of Planning (and a Healthy Transition Fund): Doug stresses the importance of a strategic exit plan from active duty, similar to a well-executed military operation, including a hefty transition fund. This isn't about waiting until retirement to start thinking about it; it's about having a solid plan from day one! This will keep your finances from ending up sleeping under a highway overpass! Sweat Equity and Smart Investing: Doug and his wife built wealth not just through high savings but also through smart home improvements and investing during periods of market downturn. They utilized the strategy of finding a property in need of some TLC, putting in sweat equity, and patiently waiting for the market to appreciate their value. Think of it as a home improvement project and a long-term investment, all rolled into one!The "Millionaire Next Door" Approach: Doug discusses the importance of mindful spending and living a life aligned with your values. He emphasizes building wealth without following the Joneses, a concept explored in the book, Millionaire Next Door, which he highly recommends. (Forget the shiny new pickup truck; consider a slightly used, reliable one to save your cash for surfing!)Legacy Planning and Family: Doug's discussion about his legacy planning shows how important it is to consider how your wealth will support family and friends. He shares practical guidance on sharing the wealth with loved ones and building a solid foundation for the next generation!Bonus points: We'll be mentioning some awesome books and resources that Doug has mentioned in the episode. So if you're looking to boost your financial knowledge and live the dream, stay tuned to the end! Plus, we'll drop some links to Doug's website and social media. This way, you can connect with him directly and ask your burning financial questions!Don't miss out on this action-packed episode. Hit that subscribe button and let's ride the wave to financial freedom!CONNECT WITH DOUG HERE!Watch the original VIDEO HERE!Book a call with Scott HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Gwen Merz Joiner, who runs the Fiery Millennials blog, says that living a radical financial life trying to amass a nestegg to quit working left her exhausted and unfulfilled, but as she loosens the purse strings today, she notes that she is in her 30s and has amassed a nest egg sufficient to get her through retirement without ever setting another dollar into her 401(k). She describes the ups and downs of FI/RE -- financial independence, retire early -- in an interview from FinCon 2024. In other interviews from the conference being held this week in Atlanta, Chuck chats with Doug Nordman of Military Financial Independence, Charly Stoever of the Unicorn Millionaire podcast, and Zach Whelchel of My Budget Coach. plus, making his regular Thursday appearance on the show, Todd Rosenbluth, the head of research at VettFi, makes Fidelity Corporate Bond fund his ETF of the Week.

Rob Phelan, a high school financial educator, is on a mission to change how kids, specifically teenagers, learn about money. In this episode you'll learn:How to have conversations about money with teenagersHow to create opportunities for teens to practice managing moneyFinancial challenges faced by young adults - and how to prepare teens to face these challengesPractical strategies you can do at home to teach your kids/teens about moneyCheck out Doug Nordman and Carol Pittner's Book Raising Your Money Savvy FamilyCheck out Dan Sheek's Book First to a MillionCheck out Clifton Corbin's Book Your Kids Their MoneyCheck out Rob Phelan's Children's Book M is for MoneyCheck out Rob Phelan's Workbook The Simple StartupConnect with Rob on Instagram @fieducatorYou Might Like: Get the BRAND NEW FREE Goodbye Debt Tracker! Grab my FREE Budgeting Cheat Sheet. Follow Allison on Instagram! @inspiredbudget Check out Inspired Budget's blog. Take my FREE class on How to Budget to Build Wealth!

Meet Doug Nordman and Carol Pittner, a financially-savvy father-daughter duo who take us on their money journey as a family. From learning about money management through unique family practices like the “Bank of Carol,” to achieving financial independence, Doug and Carol share the milestones, strategies, and setbacks of their financial journeys. They discuss the importance of saving, investing, and making prudent life choices, all set against the backdrop of their unique military lifestyle. Moreover, they discuss the profound impact of teaching financial literacy from a young age. Whether you're a late starter to financial independence or seeking to pave a smoother path for the next generation, this episode is packed with wisdom, humor, and inspiring stories to guide you on your journey to FI.

#041.  Today's guests are Doug Nordman and Carol Pittner, a father/daughter duo who provide interesting and contrasting perspectives on raising money savvy families.  Doug and his daughter Carol talk the importance of teaching delayed gratification skills to kids.  They discuss the concepts and ideas around '20 minutes per day' ‘The one special thing', the ‘Bank of Carol Certificate Deposit System', and the Kid 401(k), all ideas used while Carol was growing up. Doug and Carol talk about how kids best learn about spending decisions through making bad choices and allowing kids to make mistakes early to prevent larger ones later one.  We discuss the progression of allowing Carol to order food from a young age to teach her critical money handling skills and responsibility.  We review the importance of paying a regular allowance as a money management tool, without making it contingent on good behaviour. We discuss how introducing financial incentives and profit sharing for kids can provide kids with ways to earn money, while providing increased amounts of responsibility and freedom.  And lastly, the importance of thinking about the entire lifecycle of an item, when making purchase and spending decisions.  Show notes and more at:https://moneydadpodcast.com/session041

Doug Nordman isn't your typical dad. While other fathers were out working, Doug was busy surfing, because he'd focused on financial independence from an early age. Today, he and his adult daughter Carol Pittner join us to discuss how Doug and his wife created a financial modeling system for their daughter and how that daughter (Carol) is now creating her own system at home. We talk about the value of making mistakes, the similarities between good parenting and poker, strategies for creating teachable moments, and more. In our headline segment, social security is in the news. The US government just released the cost-of-living adjustment number for 2022, so we take this opportunity to discuss many ways to maximize your social security payout amount. Plus, in our TikTok minute we feature a song about a hot topic for travelers AND midway through the show, Doug shares his amazing trivia question. You'll find show notes for this episode at www.stackingbenjamins.com/doug-nordman-and-carol-pittner-1267. Deeper dives with curated links, topics, and discussions are on our newsletter, The 201, available at StackingBenjamins.com/201. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Doug Nordman has been a really positive influence and great mentor for me. He was gracious enough to share some of his thoughts about how junior leaders in the military can take care of those they lead financially. For more from Doug, please visit his website, find him on Facebook, or send him an email at nordsnords@gmail.com. https://militaryfinancialindependence.com/ Be sure to pick up a copy of his books too! https://militaryfinancialindependence.com/about/books/ https://militaryfinancialindependence.com/about/book-money-savvy-family/ Please share this show with someone you know.  You can also pick your favorite episode and share it on social media.  I'd love to hear from you, shoot me a note at podcast@start100k.com.  I read every email you send. Thanks for all your support!   Now go get started!

Chuck heads to Orlando for FinCon '22, the annual conference of content creators, financial coaches, educators and more, and he samples some of the expertise speaking with Doug Nordman of MilitaryFinancialIntelligence.com about whether veterans have been treated any differently by the market in this downturn, Monica Scudieri of GrabYourSlice.com, Jason Parker of RetirementBudgetCalculator.com, and Emily Guy Birken, who recently started YourOneGoodThing.com. Plus, Tom Lydon goes nuclear with his "ETF of the Week."

Recorded August 6th, 2022. Doug Nordman and I discuss retirement planning and building financial confidence within a family. Social Media: https://linktr.ee/Spare_Change_Podcast https://www.instagram.com/themilitaryguid/ https://twitter.com/TheMilitaryGuid Links: https://militaryfinancialindependence.com/ https://finconexpo.com/ #financialindependence #estateplanning #hawaiilife #behavioraleconomics #militarytransition --- Support this podcast: https://anchor.fm/spare-change-podcast/support

Today we talk military life, finances and Autism with Rich Davis. Rich retired after a 28-year career in the US Navy as a helicopter pilot. He and his family reside in Roanoke, Virginia where he volunteers with his church, as the education coordinator for a local museum, and where he is involved with the local art scene as a photographer. He has an adult son with autism who lives with he and his wife and works in the community. We'll discuss a whole range of topics, including:  The Exceptional Family Member Program (EFMP). Tricare access at all stages of life. Why the Incapacitated Designation could leave you interacting with Medicaid instead. How constant moves and waiver waitlists can sometimes keep military families perpetually paying for services out-of-pocket. How Rich's son and his family use his ABLE account. How they're using supplemental needs trusts. A life lesson in why it is so important to educate your extended family members on asset tests and best asset sheltering practices. 2015 changes to Survivor Benefit Plans (SBPs) that allow you to pass on the benefit without impacting SSI. How you might end up knowing more about disability in the military than the military ‘experts you end up interfacing with.   Arianne's friend's GoFundMe: https://www.gofundme.com/f/eliahna-Torres   Check out Rich's photography: https://www.photographybyrichdavis.com/   Doug Nordman's books: https://amzn.to/3NSIzhc *   Kate Horrell, the Military Finance Coach: https://www.katehorrell.com/   Supplemental Needs Trust Episode:  https://momautismmoney.com/special-needs-trusts/   ABLE Account Episode: https://momautismmoney.com/able-accounts/   Episode with Medicaid Researchers: https://momautismmoney.com/autism-medicaid/   How to Apply for SSI Episode: https://momautismmoney.com/successfully-apply-ssi-ssdi/   Like Mom Autism Money on Facebook: https://www.facebook.com/MomAutismMoney   Full Episode Transcript: https://momautismmoney.com/military-autistic-child   *Affiliate link. Thank you for supporting the podcast!

Can you truly teach financial wellness? Even if someone is not ready to hear? We discuss with father and daughter duos JL and Jessica Collins, and Doug Nordman and Carol Pittner. Hear the trials and tribulations of well intentioned dads and their much smarter daughters.

Doug Nordman from The Military Guide joins us today on the Military Money Manual Podcast. While he would never say it, Doug is a bit of a legend in the personal finance, FIRE, and military finance community. He retired 20 years ago in 2002 after a 20 year career in the Navy. I stoppd by Doug's house in Hawaii to have a conversation with him about all kinds of great military FI topics. Doug was an early beta-reader of The Military Money Manual: A Practical Guide to Financial Freedom available at shop.militarymoneymanual.com. This is the perfect book to get you started on your journey to financial independence.

Today on Dough Roller, we are talking with Doug Nordman. Doug is a best-selling author of two books, The Military Guide to Financial Independence and Raising Your Money-Savvy Family For Next Generation Financial Independence. He retired from the military at age 41, and spends his time now helping other military families and veterans become financially independent.  In this episode, we talk about how Doug was able to retire at age 41 and how he earns his passive income now. We'll also hear Doug's advice on asset allocation and how to deal with the behavioral side of finance. If you want to hear some great advice for retirement planning, keep listening!   Calls to Action:   Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/ Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/ Follow Dough Roller on Twitter: https://twitter.com/doughroller Check out the Dough Roller website and blog: https://www.doughroller.net/   Timestamps:    00:20- Doug's History as a Navy Nuclear Engineer  02:29- How Doug Earned Money After Retiring from the Navy  10:17- How Doug Uses the 4% Rule  12:57- Doug's Advice on Asset Allocation  17:09- Doug's Plan of Retiring at 41  27:13- About Doug's Book The Military Guide to Financial Independence   32:14- How Doug Started Surfing  34:59- The Importance of Behavioral Finance   42:08- The Tools Doug Uses to Maintain his Budget  46:01- How to Keep Up with Doug   Mentioned in the Episode:   Doug's First Book: The Military Guide to Financial Independence and Retirement Doug's Most Recent Book: Raising Your Money-Savvy Family For Next Generation Financial Independence  Doug's Facebook: https://www.facebook.com/doug.nordman.5 Doug's Website: https://the-military-guide.com/ Doug's Twitter: https://twitter.com/themilitaryguid

Today on Dough Roller, we are talking with Doug Nordman. Doug is a best-selling author of two books, The Military Guide to Financial Independence and Raising Your Money-Savvy Family For Next Generation Financial Independence. He retired from the military at age 41, and spends his time now helping other military families and veterans become financially independent.  In this episode, we talk about how Doug was able to retire at age 41 and how he earns his passive income now. We'll also hear Doug's advice on asset allocation and how to deal with the behavioral side of finance. If you want to hear some great advice for retirement planning, keep listening!   Calls to Action:    Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/ Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/ Follow Dough Roller on Twitter: https://twitter.com/doughroller Check out the Dough Roller website and blog: https://www.doughroller.net/   Timestamps:    00:20- Doug's History as a Navy Nuclear Engineer  02:29- How Doug Earned Money After Retiring from the Navy  10:17- How Doug Uses the 4% Rule  12:57- Doug's Advice on Asset Allocation  17:09- Doug's Plan of Retiring at 41  27:13- About Doug's Book The Military Guide to Financial Independence   32:14- How Doug Started Surfing  34:59- The Importance of Behavioral Finance   42:08- The Tools Doug Uses to Maintain his Budget  46:01- How to Keep Up with Doug   Mentioned in the Episode:   Doug's First Book: The Military Guide to Financial Independence and Retirement Doug's Most Recent Book: Raising Your Money-Savvy Family For Next Generation Financial Independence  Doug's Facebook: https://www.facebook.com/doug.nordman.5 Doug's Website: https://the-military-guide.com/ Doug's Twitter: https://twitter.com/themilitaryguid

I'm Chatting with my good friend David about the importance of building up FU money quickly and how this can help members of the military make the best decision for them based on just on money, but what will make them happy.   I step-sold myself into staying longer and longer in the military and if I had the finances built up in my first enlistments, I might have taken a different path.  Take it from me, if you're not enjoying it, it's time to look for an exit.  I hope this discussion will be helpful to you! Action Items: Decide what FU money means to you. Build an emergency fund. If you're military, visit Doug Nordman's website at https://the-military-guide.com   Check out our Facebook group and connect with others on their journey to financial security and independence! To contact me, please email podcast@start100k.com. Now go get started! Before you go, please remember this information is for educational and informational purposes only.  Please seek tax, legal, or investment advice before making any decisions.

Taking small steps to financial independence can have a big impact on your retirement. Many people talk about F.I.R.E or financial independence, retire early. But what are the steps you should take to get there? And does F.I.R.E look the same for everyone? In this episode, my guest, Doug Nordman shares the steps you can take to F.I.R.E., how to handle debt in the process, and how to leverage your military benefits to achieve financial independence faster. Doug served for 20 years of active duty in the U.S. Navy's submarine force and retired in 2002 at the age of 41. He and his spouse, a retired Navy Reservist, reached financial independence in 1999 on a high savings rate. He's the author of “The Military Guide To Financial Independence And Retirement” and founder of The-Military-Guide.com. With his daughter Carol Pittner, he's the co-author of "Raising Your Money-Savvy Family For Next Generation Financial Independence" through ChooseFI Media. The show notes and resources can be found here: https://laceylangford.com/podcast/steps-to-financial-independence-retire-early

#80: Teaching kids about money isn't easy, but it's crucial if you want to boot them off your payroll after they graduate from school.But while financial literacy is good, helping your kids build the mindset and momentum to achieve financial independence is even better.It requires that they internalize (and value) aggressive saving, investing, and compounding…not just living within their means.That's why I was so excited to chat this week with Doug Nordman and Carol Pittner, father and daughter co-authors of a new book on how to teach next-generation financial independence.We discuss:Why it's important to let kids make their own financial choices (and mistakes) when the stakes are lowWhy letting your kids buy “One Special Thing” per shopping trip is an effective teaching strategyWhy you might want to pay your kids for jobs, but not chores…and the difference between the twoWhy it might not be a good idea to pay your kids for getting good grades, and what you can do insteadWhy “profit sharing” is an especially powerful strategy to teach kids about savings and frugalityHow to create a “kid 401k” to teach your kid lasting lessons about compounding and long-term investingHow to incentivize your kid to contribute to a Roth IRA early onHow to handle the question of “how rich are we?”Check it out here:https://hackyourwealth.com/teaching-kids-about-money-financial-independenceWhat strategies do you use to teach your kids about saving, investing, and compounding? How are you helping them learn about financial independence, if at all? Let me know by leaving a comment.Don't miss an episode, hit that subscribe button...If you liked this episode, be sure to subscribe so you don't miss any upcoming episodes!Apple PodcastsOvercastSpotifyStitcherI need your help, please leave a listener review :)If you liked this episode, would you please leave a quick review on Apple Podcasts? It'd mean the world to me and your review also helps others find my podcast, too!Links mentioned in this episode:Raising Your Money-Savvy Family For Next Generation Financial IndependenceThe Military GuidechildFIREFinancial literacy for kids: how to teach your kids about money (HYW077)9 Crucial Money Lessons Your Kids Must Learn to Succeed as Adults (HYW027)How to financially prepare for starting a family with Kevin Mahoney (HYW038)The best parenting guidance I've learned for raising successful childrenSchedule a private 1:1 consultation with meHYW private Facebook community Intro/Outro: Old Bossa by Twin Musicom.

Today were celebrating episode 60 by talking about Guard and Reserve retirement. If you find trying to figure out what your retirement pay will be and how to qualify, you are not alone. Here's a link to the online DoD retirement calculator https://militarypay.defense.gov/Calculators.aspx and Doug Nordman's blog post in The Military Guide at https://the-military-guide.com/reserve-retirement-calculator/ Doug gives you the numbers and formulas written out more background. First, to determine if you will be eligible for retirement you need to look at the number of points you build up and the number of “good years” you completed. When you've cleared these two hurdles, you'll translate your points earned into years of service for the purpose of calculating your retirement pay. Once you're eligible for retirement you can continue to serve or retire. But a key difference between a reserve retirement and an active duty retirement is that with few exceptions, you won't actually start receiving your retirement pension until you reach age 60.  You earn 15points for each year of service. Drilling reservists and Inactive Ready Reserve (IRR) get these 15 points a year. You accumulate more points for drill weekends, active duty periods, and things like serving on funeral honors detail. Every active duty day count is one point. Each drill counts one point, usually 4 a  weekend. For example, a drilling reservist could earn 77 points one year: 15 points for annual participation, 48 points for four drills a month for 12 months, and 14 points for 14 days of annual training.A good year is when you earn a minimum of 50 points within a 12 month period and maintain your mobilization readiness. Your considered eligible for retirement when you've completed 20 good years of service.  Continue serving and earning more points will increase your retirement pension. When you retire you have a very important decision to make. You either Retire Awaiting Pay or Resign. The key benefits of Retire Awaiting Pay are your seniority continues to accumulate as if you were still serving, called longevity. And when you reach 60 your retirement pay will be based on active duty pay table in effect that year. However, you could still be recalled to duty for full mobilization.  Almost every Guard and Reserve retiree chooses to Retire Awaiting Pay and take the risk.  If you resign your pension will be frozen at your resignation date. You should receive a Notification of Eligibility once you had 20 good years. Keep this and a record of your points earned a safe place. Your retirement pay won't start automatically at age 60. You will need to file and don't delay. If you wait more than six years you will lose one day of pay for any day more than that you waited. How much will you  get paid? First, divide your total earned points by 360 to translate points into years. Then if you're a Final Pay or High Three retiree multiply those “years” times 2.5% times your pay on the pay scale for the year you turn 60. Again, those years in rank, or longevity, continued to tick up while you were retired awaiting pay so look for that column on the pay chart. If you're in the Blended Retirement System or BRS, it's 2.0% times your years times your pay. And remember, you can only use the pay chart for the year you turn 60 if you chose to retire awaiting pay. If you chose to resign, use the pay chart and years of service for the year you resigned.You may be eligible to begin retirement pay three months early for every 90 consecutive days of mobilization for war or national emergency.Have more questions about your Guard Reserve retirement, reach out to katie@moneypilotadvior.com

In this week's episode, we are joined by the author and founder of The Military Guide, Doug Nordman. Doug served 20 years in the U.S. Navy and retired at age 41. In 1999, he and his spouse Carol reached financial independence and has bought and sold homes over the last 37 years. They have also published several books providing a roadmap for service members, veterans, and their families on how they can become financially independent. Tune in and don't miss this episode with Doug as he shares with us how you can reap financial rewards and how to avoid the risks of real estate investing while on active duty. In this episode, we explore: Guest Military Background Home Improvement and Real Estate Paths you can use when buying a home Evaluating a property's operating expenses The 1% thumb rule What it means to become financially free About Doug: Doug Nordman served for 20 years of active duty in the U.S. Navy's submarine force and retired in 2002 at the age of 41. He and his spouse, a retired Navy Reservist, reached financial independence in 1999 on a high savings rate. They've lived in Hawaii for over 30 years, and their daughter Carol was born & raised on Oahu. These days Doug enjoys surfing, slow travel, writing, public speaking, reading, home improvement, personal-finance conferences, and more surfing. He's the author of “The Military Guide To Financial Independence And Retirement” and founder of The-Military-Guide.com. He donates all of his writing and speaking revenue to military-friendly charities, and he can be reached at NordsNords@Gmail.com and @TheMilitaryGuide. Carol and Doug are the authors of “Raising Your Money-Savvy Family For Next Generation Financial Independence”, published with ChooseFI Media. Doug and his spouse have bought & sold several homes over the last 37 years, and they're currently managing a single-family rental. They're keenly aware of the financial rewards and risks of real-estate investing while on active duty. Snapshot: 1. What is your number one failure in real estate? Bought home in every duty station and rented out. 2. What advice do you have for other military investors to be successful? Follow your interest. 3. What inspired you to marry a military and serve your country? My friend's older brother. 4. What is your dream? Keep living the life that I'm living right now Quotes: “If you want to invest in real estate then invest in real estate. Don't become an accidental landlord.” “If you've reached financial independence on your own, maybe you don't need that pension anymore or maybe you can buy healthcare.” Connecting with the Guest: Twitter: https://twitter.com/themilitaryguid?lang=en LinkedIn: https://www.linkedin.com/in/dougnordman/ Facebook: https://www.facebook.com/doug.nordman.5 Instagram: https://www.instagram.com/themilitaryguid/ Military Guide Book

In this session of the Everyday Bucket List Podcast, I chat with Doug Nordman again of TheMilitaryGuide.com. We have a conversation that covers what slow travel is, what are good slow travel destinations and how to choose where to go. Whether you're hoping to spend two weeks, a month or live abroad for awhile like Stanley Tucci from Searching for Italy, get ideas for what this entails and if it's something you can pull off soon, while on your journey to financial independence, etc.

Episode: 131 Rich Carey and Doug Nordman Join your hosts, David Pere and Alex Felice, with guests Doug Nordman and Rich Cary as they talk about investing and asset allocations during the pandemic. While in the military, Rich paid off $230k for a mortgage. Now, he's acquired a fourplex and six-plex during the pandemic as an addition to his properties. Later, Doug shares a story on getting a 529 account for a granddaughter and explains what it teaches about picking an asset allocation that one can live with personally. For Doug, everything flows, first and foremost, out of figuring out what one can tolerate in an asset allocation. In this episode, listen as they also throw in their two cents on scaling and managing properties and what they hold as personal opinions on what 'sure money' truly is, especially for service members. About Doug Nordman and Rich Cary: Retired at age 41 after 20 years with the U.S. Navy's submarine force, today Doug Nordman is an enthusiastic surfer, an omnivorous reader, a martial arts student, and a veteran of many chaotic home-improvement projects. With his retired Navy Reserve spouse, they raised their daughter in Hawaii. Rich believes that conservative investing is superior to aggressive tactics. He's been successful with conservative index fund real estate investing. Rich currently owns 30 units, with 20 single-family homes paid off. He has served 20 years as a Special Agent in the Air Force (similar to NCIS). After retiring from the United States Air Force, he is now living in Montgomery, Alabama, where all of his properties are located. - Sponsor: The War Room Real Estate Mastermind Group: Email wrmastermind@gmail.com to apply! Outline of the episode:   [02:49] Acquiring a fourplex and a six-plex during the pandemic. [03:43] Cutting expenses by self-managing properties. [04:55] The experience of having problematic tenants during a pandemic. [06:41] On scaling with debts and self-managing your properties. [12:03] What do multifamily gurus warn about that needs to be noted? [20:12] "Pick an asset allocation that makes sense for you." [25:25] The thing with GameStop and the Casino Conundrum. [29:14] A personal opinion regarding index, TSPs, and IRAs. [31:56] Counting TSPs as reserves. [41:53] A financial advice to every service member.   Website:              https://the-military-guide.com/ https://richonmoney.com/ Linkedin:              https://www.linkedin.com/in/dougnordman/ Facebook:           https://www.facebook.com/doug.nordman.5                                 https://www.facebook.com/imrichonmoney/ Twitter: https://twitter.com/TheMilitaryGuid?                                 https://twitter.com/richonmoney?lang=en                                 White Coat Investor - 150 Portfolios Better than Yours: https://www.whitecoatinvestor.com/150-portfolios-better-than-yours/   Follow From Military to Millionaire's journey on: Website:              https://www.frommilitarytomillionaire.com/ Facebook:           https://www.facebook.com/groups/1735593999901619/ Instagram:          https://www.instagram.com/frommilitarytomillionaire/ YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/ - Sponsor: The War Room Real Estate Mastermind Group: Email wrmastermind@gmail.com to apply! - Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ Become an investor: https://www.frommilitarytomillionaire.com/investor/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos! THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

"Train up a child in the way he should go; even when he is old he will not depart from it." - Proverbs 22:6 "How will your kids reach financial independence?" Doug Nordman and Carol Pittner answer this burning question in their new book, Raising Your Money-Savvy Family for Next Generation Financial Independence and we are blessed to have them both on our show to give a little background behind the book and some fun stories and teachings to go alongside. If you have children, this is a must read! Raising Your Money-Savvy Family for Next Generation Financial Independence ​Other books mentioned: Your Money or Your Life First National Bank of Dad ​This podcast is sponsored by DoDReads.com which promotes lifelong learning, personal development and leadership that comes from the books you read. If you are interested in updating your military reading list, go email: storehouse@dodreads.com. Make planning a priority this year! Go to https://boldlyandco.com/. ​** Use the Code: STOREHOUSE at checkout for a 20% discount on ALL products. ** Use the Code: STOREHOUSE495 gives a $200 off discount on the next workshop. If you are interested in joining the War Room Mastermind Group, email: wrmastermind@gmail.com. If you are interested in learning more about real estate investing and the Storehouse 3:10​ Ventures team, contact us here: https://storehouse310turnkey.com/.

We are circling back to check in with our Households of FI families. First up are Matt and Megan, our international, dual military couple. Having a military pension is like having multiple lottery tickets. You have both healthcare and an inflation-fighting pension, but how many of these lottery tickets do you need to really crush this game? Naval service is Doug Nordman's family business. In addition to his own 20 years of service in the Navy, his wife almost had 20 years of active duty service in the Navy before finishing her career in the Reserves. And then their daughter joined the Navy on an ROTC scholarship and married a Naval Officer. While dual-military couples are a small demographic that hasn't been extensively studied, Doug says even if they earn just one pension, they will likely have more money than they need for the rest of their lives just because of the pension and healthcare. Matt says the US military pension system is much more simple than for the UK's Royal Navy. He and Megan are working toward FI with their investments alone and consider the pensions to be an additional comfort. Matt has served for 11 years so far and the Royal Navy's systems provide a pension based on each year of service. Megan has been in the US Navy for 15 years after doing her first 10 years enlisted. She needs to fulfill 22 years before being eligible for retirement as a Naval Officer. Doug says when you're in the military with the opportunity to earn an active duty or Reserve pension, you have four lottery tickets and you only need to have one of them to pay off because you solve the healthcare problem and have an inflation-fighting life annuity with just one. If serving in the military is still challenging and fulfilling, stay in as long as you want, but when the fun stops, don't be afraid to leave. Don't fall for the military inferiority complex. Coming from the military you already have human capital. Employers can train you on the basic skills for a job, but they can't train a new employee on those soft skills earned in a military career. Co-locating as an international dual military couple has its challenges. Matt may soon be getting a medical discharge from the Royal Navy which will help solve that issue for him and Megan. Matt notes the US military provides spouses with opportunities for increasing human capital, like free courses or paying for college. Doug thinks obtaining certifications and licenses is going the help Matt find a job in the US more than an advanced degree because he's already proven that he can do things. Networking will be key. After having conversations with others about how he can fit in, what he can help them with, and what he knows how to do, he will make a shift to an abundance mindset. Megan notes that Doug lives in a high cost of living area. He says having a high savings rate on the path to FI, as well as frugality are what enables it. In most high cost of living cities, it's housing that is the biggest expense. After you figure that out, everything else falls into place. Doug and his wife bought crappy houses and put sweat equity into them before renting them out. They also eat local, optimize spending, and slow travel. Spending in the areas that provide the most value gives you margin. People who have been in the military have an appreciation for the line between frugality and deprivation. Frugality is optimizing your spending. The transition is scary and stressful, but statistics show that within two years of getting out and starting a civilian career, half of all veterans change jobs. It's not because they can't hack it, it's because they have figured out how to get more money, get a better job, or move to a better location. They've cracked the code in a corporate environment. Megan is torn with her TSP. She doesn't know if she should go traditional or Roth. Doug says that, anecdotally, in the military where a third of your compensation is not taxed, you are probably in the lowest tax bracket of your life so all investments now should probably be Roth TSP or Roth IRA. If doing all Roth contributions doesn't sit well with you, split the difference and do half and half. Roth's weren't available when Doug was active duty and he spent time doing Roth conversions for his and his wife's accounts. In the first full year after retirement, your income probably goes down a little bit and would be a good time to look at converting a little bit and then chipping away at each year. Doug believes the job offers will come following military retirement. He had offers but for him, it was always about the drawbacks to the offer than the good things they offered. If he were looking today, he would look for remote work where he could dictate his schedule to remove all the drawbacks. He advises Matt and Megan to go build their own career, to their own quality of life, and not to feel constrained to themselves into anyone else's idea of how their working years should be. While Doug gutted out his 20 years of service, his wife gave up 20 years' worth of pension for quality of life. Even so, he says he overshot the finish line by about $1 million. If he could buy back eight years of active duty with that extra money, he would. Megan wondered if Tricare covers military retirees who live abroad. Doug confirms that it does, noting that it's called Tricare Overseas on the Tricare website. He and his wife get all of their dental care done when they travel overseas and in Bangkok, they get their routine physicals. He thinks the healthcare advantages are much more valuable than the pension boost from an additional year or two of working. In addition to questions about how to teach kids about financial independence, Doug is often asked about the sustainability of financial independence. After living it for 18 years, he can confirm assure people that the money will last. It's a good idea to stay flexible. Chances are after retirement you won't be doing one thing for the next four or five decades. Instead consider it a series of five to ten, or even three to five-year increments. Having the security of an inflation-adjusted life annuity takes the stress out of economic downturns. Doug and his wife went through the internet recession in 2002, the great recession of 2008, and watched their wealth compound over the last 18 years. During the coronavirus downturn, they made a large donation to the Hawaii foodbank and put money into their granddaughter's 529 account. Megan has heard that a high VA Disability rating can negatively impact the military pension. Doug says to make sure every medical problem is documented in your medical record. Once you leave active duty or reserves, the VA is going to do an assessment of your disability and award compensation. However, the law states that you can't have dual compensation. With a VA rating less than 50%, you give up some pension in exchange for VA disability compensation but the VA compensation is free from income tax. With a VA disability rating of 50% or higher, you are under a system of Concurrent Retirement and Disability Pay (CRDP). With it, you get both the pension and VA disability compensation. With respect to the inflation-adjusted pension, Doug says that in 18 years, and with three years where the inflation rate was 0%, his pension has risen just over 40% while his spending has not gone up 40%. The certificates and licenses Doug talked about being more valuable than a degree are right in line with the Salesforce challenge discussed on Talent Stacker and ChoodeFI. Resources Mentioned In Today's Conversation Meal Planning Made Easy ChooseFI Episode 221 Introducing our Households of FI! Part 1 ChooseFI Episode 245 Household of FI Matt and Megan Get International Tax Tips from Dave McKeegan The Military Guide Raising Your Money-Savvy Family for Next Generation Financial Independenceby Carol Pittner and Doug Nordman Hire great people faster with Indeed. Ship like a pro with Pitney Bowes SendPro Online. ChooseFI.com/salesforce If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy.  Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence.  

In this session of the Everyday Bucket List Podcast, I chat with Doug Nordman of The Military Guide. If you've ever Googled "Hawaii Vacation" & always had your heart set on visiting, we chat about fun things to do in Oahu, including Honolulu & Waikiki. We also discuss his journey to becoming financially independent & the many places he was able to visit such as Spain, Italy, Japan, Guam & more. We even get the scoop on non touristy areas, surfing & traffic patterns in town, whether you're the driver or not. Show Notes: Click the link below or you can copy and paste it into the browser. https://karencordaway.com/fun-things-to-do-in-oahu/

Every parent wants the best for their children, which is why we teach them how to manage money properly. And while we sometimes get mixed results, the truth is that it's a lot cheaper to make mistakes with money when you're 12-years old. My guest this week had an excellent example to follow as she was growing up. That's because Carol Pittner's parents became financially independent before she turned 10. And when her dad retired early at age 41, Carol witnessed firsthand the benefits of saving money early and often, and she's followed in his footsteps ever since. Carol and her father Doug Nordman join me on the show this week to discuss what it's like to grow up financially independent. You can find the show notes for this episode at https://maplemoney.com/133 Do you prefer to invest in socially responsible companies? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, cleantech, human rights, and the environment. To get started with Socially Responsible Investing, head over to https://maplemoney.com/wealthsimple today!

On this edition of the Book Club, Doug Nordman and his daughter, Carol Pittner, talk about their book “Raising Your Money-Savvy Family for Next Generation Financial Independence.” You can learn more about Doug and Carol at childFIRE.com, Facebook and LinkedIn. Get your copy HERE If you’d like to take part in our discussion group, you can learn about it here as well as MoneyAlignmentAcademy.com. We’re on YouTube, check us out! We’re honored to have been named one of the top podcasts from investing! George is honored to be included on Investopedia's list of the Top 100 Financial Advisors for 2019! Have George speak to your organization. Interested in starting your own podcast, click HERE You can learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.  Check out Money Alignment Academy as well!

Have you ever wondered how some people can walk away from their careers years, even decades, before the traditional retirement age? My guest this week did just that, almost twenty years ago. Today, he and his wife remain financially independent, having survived three separate recessions. Doug Nordman is the author of the book, “The Military Guide to Financial Independence and Retirement” and founder of TheMilitaryGuide.com. He joins me on the show to share his financial independence story You can find the show notes for this episode at https://maplemoney.com/125 Do you prefer to invest in socially responsible companies? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, cleantech, human rights, and the environment. To get started with Socially Responsible Investing, head over to https://maplemoney.com/wealthsimple today!

Whether you’re struggling for the words (and patience) to discuss topics like allowances and college costs with your teenager or want to encourage your 4th grader to save at a young age, my guests have advice on how to teach financial principles to your kids throughout the years. Doug Nordman and Carol Pittner are the father-daughter authors of the book Raising Your Money-Savvy Family for Next Generation Financial Independence. The book is part personal stories, part practical advice, guiding readers on how to instill financial values in their kids starting as early as Kindergarten, or as the authors say, “after they stop eating money.” We discuss their own personal memories of discussing money when Carol was growing up, as well as how families that may be struggling with money can open up to their kids about it in a meaningful (and not scary) way.

A new survey of 401(k) participants done by Charles Schwab and Co. shows that baby boomers now believe they need a $1.6 million nestegg to retire comfortably, with millennials saying they must amass $2 million. Catherine Golladay of Schwab joins Chuck to discuss how and why retirement savers think reaching their goals is harder and requires more money. Also on the show, Doug Nordman discusses his new book, 'Raising Your Money-Savvy Family for Next Generation Financial Independence,' David Tainer of New Constructs warns of the dangers of ignoring footnotes in corporate filings, and we rebroadcast a recent Market Call interview with Eric Heyman of Olstein Strategic Opportunities.

#38: How do you raise kids to be good with money? Teaching kids about money at a young age is so important. Carol Pittner co-authored the new book “Raising Your Money-Savvy Family For Next Generation Financial Independence” with her father Doug Nordman. In the book, they share how to educate your child about money from both the parent and the child’s perspective. In this interview, Carol shares what her early-retiree parents taught her to put her on the path to reaching LeanFIRE at the age of 27. We discuss how old she was when her parents taught different financial concepts, the money mistakes she made as a kid (instead of as an adult), and how her parents created different opportunities for her to gain the money confidence that she brought into adulthood. In this episode, we discuss:  The #1 thing parents can do to teach their kids about money How to leverage allowances as learning tools What age to start teaching your kids about money Allowing kids to learn from their money mistakes How to teach about compound interest If you want to learn more about teaching kids about money, take a listen to this episode. If you enjoy it, please subscribe and share with a friend. Also, leave us a rating and review on Apple Podcasts, I’d really appreciate it. Sponsor - Money Coaching with Becky It’s time for you to reach your biggest money goals, like paying off debt, starting to invest, and using your money to create your ideal life! With one-one-one money coaching, Becky will help you gain clarity about what freedom looks like for you, develop a strategy to get there, and overcome your money roadblocks on the path to financial and lifestyle freedom. Start with a free 15-minute clarity call, where she’ll help you develop a vision for your ideal life, and how your finances fit in. Not only are you going to get MASSIVE CLARITY, you’re also going to get a FREE budgeting spreadsheet, just for booking a call.   For more information, visit the show notes at https://www.twentyfree.co/episode38/

It's difficult while you're on active duty and you're busy with family. It's tremendously hard to take a step back and think about what your next five years are going to be like. Especially if you're coming up on that transition point, pulling your head out of the fog of work and being able to make a plan is more difficult. Today’s guest of the Expert(ish) Podcast, Doug Nordman, will share his expertise in achieving financial independence. He will also talk about the evolution of authoring financial books for the military, his motivations in writing, and a whole lot more great advice in transition and investing. Doug Nordman is a Retired U.S. Navy’s Submarine Force. He’s an enthusiastic surfer, a blogger, and a veteran of many chaotic home-improvement projects. Most of all, he is the author of the book The Military Guide to Financial Independence and Retirement and co-authored Raising Your Money-Savvy Family For Next Generation Financial Independence. Enjoy! Favorite Quote “The whole purpose of financial independence is not to live a life of deprivation for 20 years to have another lifetime of financial luxury. The whole purpose is to have a good quality of life. YOU HAVE CHOICES.”                                                                                                     - Doug Nordman In This Episode 1:27 - How Doug started his writing career   6:44 - What motivates him to write   13:51 - His insight about investing mistakes   20:00 - Doug's advice to the people in the military who are using the TSP and also want to invest in real estate   25:37 - Exit strategies most landlords consider   33:46 - His thought process on the diversification of asset allocation   35:12 - What's next for Doug Nordman beyond sharing his expertise and writing books   38:52 - His golden nuggets to anyone in the military who's coming up in the transition point     Engage with Doug Nordman Facebook Twitter Website: The Military Guide Website: childFIRE- Raising Kids to be Financially Independent/Retire Early (FIRE) Book: The Military Guide to Financial Independence and Retirement Book: Raising Your Money-Savvy Family For Next Generation Financial Independence   Connect with Expert(ish) Podcast Host JAY JOHNSON   Call (858) 925- 4536   Website LinkedIn Facebook Instagram  

Today we are talking about teaching your children financial independence, teaching them how to manage their money, and teaching them about what money means. Our guests today are Doug Nordman and Carol Pittner. A father-daughter team who wrote a book on this topic. Doug Nordman served for 20 years of active duty in the U.S. Navy's submarine force and retired in 2002 at the age of 41. He and his spouse, a retired Navy Reservist, reached financial independence in 1999 on a high savings rate. Carol Pittner joined the Navy on an ROTC scholarship. She and her active-duty spouse are rapidly approaching financial independence on a high savings rate, and they've just started their own family![00:01 – 04:52] Opening SegmentI talk briefly about great values that await you in this episodeLet's welcome our guests, Doug Nordman and Carol PittnerDoug and Carol talk about their background[04:53 – 16:22] Raising a Financially-Savvy FamilyWe talk about their book, Raising Your Money-Savvy Family For Next Generation Financial IndependenceThey discussed their inspiration for the book.Start teaching your kids how to manage money. The earlier you introduce the concept, the better the results.Teach them about taxes when the moment that they need to know about it emerges.[16:23 – 28:53] Raising the Younger GenerationCarol talks about the things she would do differently in raising a child compared to her generationThe younger generation is getting better at writing books about moneyGiving your kids the responsibility of being grown-ups is one way to motivate them to learn about moneyCarol reflects on all the lessons she picked up since she was younger[28:54 – 37:26] Educational SystemSet expectations to your kids that they will be paying for their college (if not all, some of it) to raise awareness and learn how they will manage that.Doug and Carol share some tips and strategies to teach your children[37:27 – 52:52] Closing SegmentQuick word from our sponsorsWhat is the best investment you've ever made other than in your education?Doug: "Marrying my spouse."Carol: "Having that good investment in my spouse and having that good investment in our marriage."What is the worst investment you ever made?Carol: "Trying to figure out what kind of insurance I need."Doug: "My worst investment is that I'm an angel investor."What is the most important lesson that you've learned in business and investing?Doug: "Business is all about cash flow." The most important lesson to financial independence is a high savings rateCarol: "Just get started." Stop sitting there and thinking about the what-ifs and to actually go and make the what-ifs.Connect with Doug and Carol. See the links below. Tweetable Quotes:"The earlier you start talking about this [managing money]. The more prime do they are to catch on and start doing something with it." – Doug Nordman"The best way to make money is to have a long-time horizon." – Carol Pittner"It's a two-way street when you're talking about money with your kids. It's not only what the parents want to teach the kids, but it's also about the reception of the kids themselves." – Carol Pittner Resources Mentioned:The First National Bank of Dad by David OwenThe Simple Path to Wealth by J.L. CollinsThe Millionaire Next Door by Thomas J. StanleyThe Motley Fool Guide to Investing for Beginners by The Motley FoolYour Money or Your Life by Vicki Robin You can connect with Doug on his website https://the-military-guide.com/. Grab a copy of their book on Amazon.You can connect with Carol on Facebook. Visit her website https://childfire.com/ LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.

Raising money-smart kids gives them a better shot at financial independence. Co-Authors of the new book, "Raising Your Money-Savvy Family for Next Generation Financial Independence", Doug Nordman and Carol Pittner explain how this type of planning helped their family achieve financial independence. Also, BusyKid's Gregg Mursett shares how their chore and reward app helps the financial literacy process and gets your kids working and earning fast. 

Doug Nordman wanted to teach his daughter about money. But he knew that to get it right, he’d have to start when she was very very small. So he did. First, he taught her how to count, then he taught her how to add, then he showed her what she could do with money by using cash in transactions.As Carol got older, she was able to handle the cash herself, learning how to make change, count change, etc. Carol started “earning” her own money, through allowance and jobs - which could only be done after her (non-paid) chores were complete.Doug’s common-sense approach to teaching his daughter about money is actually quite brilliant. She starts learning about money - and making money mistakes - when the stakes are low. Your 8-year-old making a $20 mistake is far better than your 20 year old making a $10,000 mistake because he or she never learned how to manage money.Carol joins her dad to talk about how these teachings affected her life - and how she is planning on teaching her own daughter about money and finances. Carol and Doug have combined their recollections of this time together and written a book called Raising Your Money-Savvy Family For Next Generation Financial Independence, and it is the blueprint for exactly how to raise children who are ‘good with money’ and how to prepare them to be adults who are great with money.If you’re struggling with how to teach your children about money, this is a must-listen episode.In This Episode We Cover:Doug's journey with moneyHow he learned to be smart about moneyHow he budgeted money on raising a childWhat does high savings rate means to himCarol's outlook about financeCarol's financial storyOverview of Carol's financial positionLean FITalking about Carol's husband and his view about moneyDoug's advice on how to approach your kids when you are just starting out on this journeyWhere they planted their moneyAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupCNBCChooseFI

We teach our children their ABCs, arithmetic, and basics of life as they grow to become members of our society but who’s teaching them to be money-savvy? Doug and Carol are joining me to discuss how parents can set their children up for financial success and independence. As Father and Daughter, they bring a unique perspective, providing an inside look on both sides of Carol’s financial education.  The show notes can be found here: https://laceylangford.com/podcast/how-to-raise-your-family-money-savvy/   Doug Nordman served for 20 years on active duty in the U.S. Navy and retired at the age of 41.  He and his spouse, a retired Navy Reservist, reached financial independence in the late 1990s on a high savings rate. He’s the author of “The Military Guide To Financial Independence And Retirement” and founder of The-Military-Guide.com.     Doug’s daughter, Carol Pittner, joined the Navy on a ROTC scholarship and has served around the world on a destroyer and an aircraft carrier before transiting into the Reserves.  She and her active-duty spouse are rapidly approaching financial independence on a high savings rate. Military personal finance is an important family topic to both Carol and Doug who are the authors of “Raising Your Money-Savvy Family For Next Generation Financial Independence”, coming on 8 September from ChooseFI Media.

Some people say more money gives you more problems. But more than that, wealth gives you the simple ability to make choices. These decisions can help you get to where you want to be in life and do what you love. Doug Nordman, the author of the book The Military Guide to Financial Independence and Retirement and the Founder of The Military Guide, and his daughter, Carol Pittner, a retired Navy Reservist, join Lee Hughes and Kat Hughes to talk about financial independence, high savings rates, and more in today's episode. Don't miss this episode to discover how you, too, can create wealth, gain financial freedom, and enjoy the ability to make choices.

Episode: 100 David Pere and Alexander Felice  Join David Pere and Alexander Felice for Military Millionaire's 100th episode! We get into the stories of how the amazing duo ended up where they are now. They also share real estate stories and give a peek on their other projects. Also, Alex plugs his entire existence. Stay tuned, and enjoy the podcast!  In this episode, expect to hear: When Alex realized that real estate was it! Alex throws a strong curveball. How Dave got into podcasting. Alex starting on YouTube and blogging. Being a little more extra and annoying introverts. The value of personality tests. Having too much free time. “I'm here with Doug Nordman.” Burning bridges with people that don't care. Life's going to kick your ass! The value of surrounding yourself with successful people. The biggest list of resource recommendations on a podcast.  --  Connect with David and Alex! David's LinkedIn: https://www.linkedin.com/in/david-pere/ Alex's LinkedIn: https://www.linkedin.com/in/alexanderfelice/  David's Website: https://www.frommilitarytomillionaire.com/ Alex's Website: https://www.brokeisachoice.com/ - Real Estate Investing Course: https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101 Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

Eric is joined by retired Navy veteran Doug Nordman to discuss how military families can take advantage of the financial resources provided for them and how you can raise a money-savvy family. Show notes & more:  https://brotmanmedia.com/season-2-episode-14-military-money-how-military-families-can-become-financially-savvy

In the next-to-last episode of the season, Doug Nordman returns to The Money Millhouse, but this time he is accompanied by his daughter Carol Pittner. Bethany and Ellie love having another multi-generational financial family in the Millhouse as they discuss the different approaches each family took. Doug explains how he was able to teach Carol about money through the "Bank of Carol" and the concept of a Kid 401k. Carol also explains the main takeaways from her childhood money education and what she plans to pass down to her child. Bethany and Ellie also discuss some of the money-teaching tools Ellie used to raise Bethany, as well as what Bethany plans to continue with the next generation. Doug and Carol share the concept behind their new book they wrote together called Raising Your Money-Savvy Family For Next Generation Financial Independence, coming in spring 2020 from ChooseFI Media. For more information, visit the show notes at http://themoneymillhouse.com/raising-money-savvy-kids-doug-nordman-carol-pittner

Join JD, Annabel, and Melissa (The Real Estate Jam) with Doug Nordman as he talks about his experience with military families and financial independence. He details his story about how he got into financial independence through buying houses in Hawaii during the real estate recession in 2000. Doug shares how he has been helping military families understand financial freedom and how he has been able to instill the same mindset into this own family.   By the end of this episode, you will learn to track your spending, figure out where you waste money, and make a plan for the future. Stay tuned, and enjoy the podcast!   ~   About Doug Nordman:   WHAT I DO: I help you reach financial independence. For free.   I retired in 2002 after 20 years in the Navy's submarine force. I wrote "The Military Guide to Financial Independence and Retirement" to share the stories of over 50 other financially independent service members, veterans, and families. All of my writing revenue is donated to military-friendly charities.   ~   You can find Doug Nordman on… Website: https://the-military-guide.com/ Twitter: https://twitter.com/themilitaryguid Instagram: https://www.instagram.com/themilitaryguid/   ---   Connect with The Real Estate Jam! Website: https://www.shorefrontrestorations.com Facebook Page: https://www.facebook.com/ShorefrontRestorations Instagram: https://www.instagram.com/shorefrontrestorations/ YouTube: https://www.youtube.com/channel/UCa_CWAV1OvH81yp6fITB4lg

Learn some great savings tips from Doug Nordman. Doug served for 20 years of active duty in the U.S. Navy's submarine force and retired in 2002 at the age of 41.  He and his spouse, a retired Navy Reservist, reached financial independence in the late 1990s on a high savings rate.  They've lived in Hawaii for over 30 years, and their daughter was born & raised on Oahu.  These days Doug enjoys surfing, slow travel, writing, reading, home improvement, and more surfing.  Doug is the author of “The Military Guide To Financial Independence And Retirement” and founder of The-Military-Guide.com.  (He donates all of his writing revenues to military-friendly charities.)  Their daughter and her spouse are both in the Navy, so military personal finance is an important family topic... almost as important as surfing."  You can find Doug: http://The-Military-Guide.com @TheMilitaryGuid (no “e” in “Guid”) https://www.facebook.com/TheMilitaryGuide/ https://www.linkedin.com/in/dougnordman/ ... If you have questions for Doug send e-mail NordsNords@gmail.com You can follow me at: IG and Twitter: itsmymoney_ FB: @itsmymoneyjournal www,itsmymoneyjournal.info

Financial independence, what does it really mean and what does it take to achieve it? Doug Norman joins us on the podcast to share what it means to him, his story on how he reached financial independence and so much more! What you'll learn about in today's episode:  The definition of financial independence and some misconceptions behind it How he reached financial independence in less than 20 years His recommendations to achieve financial independence Why it is important to know the difference between frugality and deprivation A behind the scenes look at what his typical day looks like being financially independent  For the complete set of show notes for this episode go to http://www.jenhemphill.com/143 Be sure to continue to join us in more money conversations in our FREE community over here: http://www.jenhemphill.com/community Enjoy this episode and want more? Be sure to subscribe and leave us a review on iTunes: https://itunes.apple.com/us/podcast/her-money-matters-money-talk/id1006403754  By you doing that will help us reach more women like you. It's easy, here is how: http://jenhemphill.com/how-to-subscribe-and-leave-a-review-on-itunes/  The post HMM 143: Financial Independence and How To Reach It With Doug Nordman appeared first on the Her Money Matters Podcast. Have you not grabbed my book? You can do so by searching Her Money Matters on Amazon OR using this link: https://www.jenhemphill.com/book

Bethany and Ellie reminisce about their time learning to surf in Hawaii and their surfing instructor and Money Millhouse guest, Doug Nordman. They also talk about their side hustles, what a side hustle is, and their goals and objectives when it comes to what their side hustles yield. They discuss financial independence and being able to retire early (also known as the FIRE movement).  Doug joins Ellie's kitchen table discussing the Blended Retirement System, the new Military Retirement System, as well as how he and his wife were able to retire early. They touch on asset allocation, high savings rate, how to save as a civilian, what to do as a retired couple, as well as travel hacking as a vet.  

Guest author Doug Nordman with Money Boss shares how he was able to achieve financial independence in the U.S. Navy. Episode 367: I Achieved Financial Independence in the U.S. Navy by Doug Nordman with Money Boss (Personal Finance Habits). J.D. Roth has been reading and writing about personal finance for a decade. Today he's financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: http://moneyboss.com/financial-independence-in-the-u-s-navy Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts This episode has been brought to you by SendPro. SendPro has three times the features of Stamps.com at one-third the price! Visit pb.com/finance to learn more and try it FREE for 90 days. Learn more about your ad choices. Visit megaphone.fm/adchoices

Guest author Doug Nordman with Money Boss shares how he was able to achieve financial independence in the U.S. Navy. Episode 367: I Achieved Financial Independence in the U.S. Navy by Doug Nordman with Money Boss (Personal Finance Habits). J.D. Roth has been reading and writing about personal finance for a decade. Today he's financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: http://moneyboss.com/financial-independence-in-the-u-s-navy Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts This episode has been brought to you by SendPro. SendPro has three times the features of Stamps.com at one-third the price! Visit pb.com/finance to learn more and try it FREE for 90 days. Learn more about your ad choices. Visit megaphone.fm/adchoices

Money, money, money. Finances, and more money. It seems so complicated, but is it?  When Susan was in college, she got into serious credit card debt. Susan also learned some tough lessons. But there's more that Susan wished she would have known when she was younger. With this being a new year, Susan and Dave thought it would be helpful to bring Doug Nordman on Spouse Spouts to talk about finances and the military. There's a lot going on with upcoming tax season, and changes to retirement.  You can read about Doug here: http://the-military-guide.com/about/about-doug-nordman/

Is early retirement your goal? This podcast shows how military members can become financially independent and retire early on a military salary. Join us as we interview Doug Nordman, author of The Military Guide to Financial Independence & Retirement, as we discuss how you can retire for good, whether or not you stay on active duty for 20 years and to earn a military pension.    

Early retirement is simple. Discover how to do it with confidence and security in this interview with Doug Nordman illustrating the essential principles nearly everyone must follow. Doug's story is a great example because his path was unusual, but the principles he followed are not. They are timeless and essential to achieving the goal. Discover how...