In this episode, we revisit a guest appearance I had on Andrew Cormier's Podcast called For the Zoomies. Andrew and I talk about finance, business, entrepreneurship and how these areas relate to cadets military members, and veterans.
Time Stamps:
- 00:00-06:05: Introduction
- 06:05-09:56 Common cadet financial pitfalls
- 09:56-13:12 Why is whole life insurance bad?
- 13:12-18:10 Why are payday loans bad?
- 18:10-21:12 How to notice pyramid schemes
- 21:12-22:26 Should you sports bet?
- 22:26-28:45 4% Rule of thumb
- 28:45-33:24 S&P 500 vs. S&Me 500
- 33:24-41:08 Smart uses of the cadet loan
- 41:08-50:34 Thoughts on entrepreneurship
- 50:34-53:36 Advice for cadets and Conclusion
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
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Questions or comments, drop me a note at: erik@baskinfp.com