The Most Important Skills

You Must Learn

In Order to Succeed In the Civilian World

 

( Part 8 )

 

 

Learn how to develop financial wealth after you completed your time in the military

 

 

 

When it comes to the military financial worries is something that you can put on the back burner for a while.  When you have a career in the military, you can relax knowing that the military has your financial back.  The military will go the extra mile to make sure that their soldiers have a paycheck with the same amount each week whether you work or not, complete healthcare, and a place to live. 

 

There is no pressure or reason to learn how to handle your money. Budget what’s that?  Most soldiers go by the philosophy if you have it you can spend it.  If there is no money in the pot then those new sneakers are going to have to wait another week.

 

The military financial counselors tend to focus on creating a budget, encouraging soldiers to live within it their means and reduce any debt they may currently have.   While this is, advice is useful; it is not going to help when you make the transition into the civilian world. “Don’t spend it if you don’t have it” is not real money management.

 

“Hang on baby, Friday is almost here payday’s coming!”

 

The military is a great opportunity, especially if you are young and you are just starting out trying to establish a stable foundation, training, and experience so you can build a future for yourself.  However, what happens once you have finished your service in the military?  What type of future are you looking at in the civilian world?

 

As you know, life in the civilian world is a completely different ball game.   Even though the military goes the extra mile to make sure their soldiers are well taken care of at the same time the military is creating a false sense of security.

 

If you never worked for a long period of time in the civilian world, you may think that the civilian world has just as much security available to you.  Suddenly, when reality sets in you are going to realize that it is not the same and that your financial freedom lies in the palm of you hands.

 

One thing you can do is:

 

·       Seek advice from people who are experts in the field of money management.  Today there are a growing number of people teaching money management techniques.  These techniques work and get positive results. Seek their advice.  Let them help steer you onto the right road. Learn how to give out certain percentages of your income to necessities, savings, charities, entertainment and most importantly, investments. With balanced money management, you will be able to increase your assets. If you play your cards right maybe you will be the next trump!

 

 

What is financial security?

 

·       Financial security is having an income stream that can maintain your lifestyle. Financial freedom means never having to work for money again, while having enough money to maintain your lifestyle that suites your needs. This does not mean you have to be rich. Just comfortable enough so you are content with your life and not struggling week by week. You need to decide what your ideal lifestyle is and how much it costs to sustain it.

 

What is financial freedom?

 

·       Financial freedom is having a steady income that does not require your labor. You can obtain financial freedom by investing in rental property, passive income business (coin operated car wash, mini-storage units, websites), or intellectual property royalties require a minimum of your attention. It is no longer wise to depend on the Social Security System, mutual funds, or a possible inheritance.

 

Something to consider

 

Did you know…?

 

People whose only source of income is their job are typically are two to three paychecks away from bankruptcy. The reason you should have a job is to generate money for investing. All that stands between you and financial freedom is experience, plan, strategy, and the will to achieve a high means.  If there is a will, there is a way.

 

 

 

Programs and seminars to help you achieve financial freedom

 

There are many financial building training programs available in areas of real estate, network and internet marketing, business development, and website businesses.  I would mention the stock market, but with the ways the stock market is now, I think we can hold off on that one.

 

 

Final Thoughts

 

Choose an area that interests you and learn from those who have accomplished financial freedom.  Google their businesses, their personal websites, find out how the people who reached financial success got there.  Learn there secrets and use to help you build your first stepping stone to success. They have gotten wealthy because of their investments and ideas, not by working their tail off for someone else. You can too.  Do not under estimate yourself.  I just read an article the other day that a 36 year old became a billionaire by inventing this unique back scratcher!  Now come on!  If he could do it, so can you!