Episodes

How to save your first $1,000 $10,000 or $100,000 in the US military. Learn how to get your annual fees waived on premium credit cards from American Express and Chase in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also wai...

Learn how to get your annual fees waived on premium credit cards from American Express and Chase in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops. In this episod...

Learn how to get your annual fees waived on premium credit cards from American Express and Chase in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops. In this episod...

Learn how to get your annual fees waived on premium credit cards from American Express and Chase in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops. In this episod...

Military academy cadets and midshipmen are eligible for MLA benefits thanks to a recent change to the MLA database. That means cadets from West Point, Naval Academy, Air Force Academy, Merchant Marine Academy, and Coast Guard Academy are eligible for American Express and Chase credit cards with no annual fees. Learn how to get your annual fees waived on premium credit cards from American Express and Chase in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinu...

American Express and Chase offers can be an easy way to get even more value out of your premium travel rewards credit cards. Spencer offers a 100% free course on military travel hacking and getting military annual fee waived credit cards for active duty, guard, reserve, and military spouses. The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card are all fee waived. Learn how to get yours in my Ultimate Military Credit Cards Course at mili...

Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops. In this episode, Jamie an...

Spencer Reese and Jamie explain how to get up to $1,000 reimbursed for military spouses expenses incurred by PCS through Military Spouse Licensure Reimbursement. Learn more on Military One Source If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com. If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Finan...

Ben Miller from ChroniFI joins Spencer Reese and Jamie to talk about Stoic philosophy, learning humility on Wall Street, imposter syndrome, and how everything is risk. Learn more about ChroniFI at chronifi.com/ and Ben Miller's writing at chronifi.com/blog If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com. If you want to maximize your military paycheck, check out Spencer's 5 star rat...

Spencer Reese and Jamie talk about their investment performance, budgets, changes in lifestyle, and what they're looking forward to in 2023. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com. If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon at or at shop.militarymoneymanua...

$22,500: The 2023 Thrift Savings Plan IRS Contribution limits for the Traditional TSP and Roth TSP $6,500: The 2023 IRS contribution limits for the Roth IRA and Traditional IRA Happy New Year! Look for more episodes of The Military Money Manual Podcast in 2023.

In this episode, Spencer Reese and Jamie answer 2 reader questions: Should you split your Thrift Savings Plan (TSP) contributions between the Roth TSP and Traditional TSP? Should I focus on contributing to my TSP or should I just rely on my military pension? While government TSP matching must deposit into your Traditional TSP, you can contribute all of your funds to the Roth TSP and you will still get the matching. If you have a question you would like us to answer on the podcast, please rea...

The Marriott Bonvoy Brilliant® American Express® Card and the Hilton Honors American Express Aspire Card annual fee is waived for military servicemembers and military spouses. In this episode Spencer Reese and Jamie break down the differences between two of the best Amex hotel credit cards available: The Amex Bonvoy Brilliant and the Amex HIlton Honors Aspire Card. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email ...

Jaspreet Chawla, Senior Vice President of Savings Products at Navy Federal Credit Union, joins Jamie and Spencer to talk about Certificate of Deposit or CD ladders, Money Market Savings Accounts (MMSA), and inflation fighting tips. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com. If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Mone...

Annie and Nicole from My First Nest Egg join Jamie and Spencer today to talk about how military families can use apps to help teach their kids the core financial concepts of spending less than you earn, compounding interest, and generously sharing your resources with those around you. Learn more at https://www.myfirstnestegg.com/ or in the Apple or Google store on your phone or tablet. Spencer offers a 100% free course on military travel hacking and getting military annual fee waived credit ca...

Jesse Mecham from the popular budgeting software You Need a Budget YNAB joins Spencer and Jamie today to talk about how pistol marksmanship is like personal finance, how many samauri swords Jesse would buy if he was stationed in Japan, and why you still need a spending plan if you make a $1,000,000 per year. You can sign up for a 34 day risk free trial at militarymoneymanual.com/ynab , no credit card required to sign up. Spencer offers a 100% free course on military travel hacking and getting ...

Jeremy Schneider from Personal Finance Club joins Spencer Reese and Jamie to talk how to money like a millionaire, how to invest in index funds in 2023, and the difference between cheap and frugal. Jeremy helps over 400,000 followers on his Instagram account @personalfinanceclub and his website PersonalFinanceClub.com. He sold his first company for $5 million dollars and retired at the age of 36. Now, he helps people become millionaires through 2 simple rules: spend less than you earn and inves...

Spencer Reese from Military Money Manual and his co-host Jamie chat with their friend Paul, an Air Force officer and real estate investor. Paul has built up a small real estate empire in his 12+ years in the Air Force. He focused on long term rentals when he PCSs and short term rentals near military training bases, also known as military crash pads. Paul shares some of his tactics, techniques, hacks, and tips for succesful real estate investing. If you have a question you would like us to ans...

Colleen Salchow of Salchow Coaching joins Spencer and Jamie to talk about how important it is to include military spouses in any family financial decisions. You can find Colleen on Instagram, email, and the web at: www.salchowcoaching.com colleen@salchowcoaching.com https://www.instagram.com/salchowcoaching/ Colleen works remotely over a year long program to help miltiary families maxizine their military paycheck and benefits. One of her clients was able to save $4700 in the first month of wor...

Listener Will writes "Will Amex and Chase stop waiving my annual fees on my credit cards when I get out of the militay?" Spencer has a great article on annual fees on credit cards after you leave the military. The short answer is no, you will not be immediately charged annual fees on your credit cards when you separate or retire from the military. The longer answer is American Express takes a while to start charging you annual fees again. Chase usually sends a letter to you 3 months after you...

Jamie and Spencer recap Jamie's personal finance discussion with a group of 14 Air Force officers and Government Service civilians. Everyone agreed personal finance needs to be more discussed. Some themes mentioned were budgeting, TSP vs IRA, and investing. Jamie and Spencer point listeners where to find good financial resources for military service members. They explore how financial readiness should be an additional pillar to consider for Comprehensive Airman Fitness, and how financial indepen...

In this Q&A episode, Jamie and Spencer answer listener Dustin's question from a Facebook message: "When you talk about savings rates, are you talking base pay only or do you include BAH and BAS in that percentage?" It's a nuanced question, but in general you should include all of your income when calculating your savings rate. But, the fact that you're even thinking about a complex topic like a savings rate means you are already way ahead in the financial game. If you have a question you would...

Justin, an Air Force captain, reached out to ask: "How do you organize your savings accounts?" Some ideas co-hosts Jamie and Spencer discuss are using separate accounts, bucket accounts, a spreadsheet, or an app like You Need a Budget (YNAB). Automate as much as you can and make your financial life as simple or complex as you need to. Simple is usually the best option. Q&A or "Question and Answer" episodes are shorter and designed to answer a single listener question. If you have a question ...

In this episode Jamie and Spencer discuss Military Lending Act (MLA) benefits for military spouses. Military spouses enjoy the exact same benefits active duty military servicemembers do on American Express, Chase, Citi, and US Bank credit cards: the annual fees are waived on all the premium cards. Spencer and Jamie break down the best credit cards for military spouses including: The Platinum Card from American Express Chase Sapphire Reserve Card American Express Gold Card Best Hotel credit ca...