Monthly Archives: February 2010

How Many Young Military Millionaires Are There?

February 22, 2010
By

You can become a young military millionaire with simple steps. Many people find this hard to believe because they don’t know many military millionaires; however do not buy into that belief. With some simple steps you can put yourself on the road to enjoying the perks of young military millionaire status.

Attention young military personnel. You can turn that military paycheck into a million just by following a simple, consistent, investment plan. Just by automatically investing on a regular basis you could be on your way to an early military retirement. For example:

-A 4 invested monthly starting at 18 years old could make you a young military millionaire by age 53.

-A 1 invested monthly starting at 18 years old could make you a young military millionaire by age 40.

Knowing how to handle your military money gives you advantages that the most people miss out on. You can afford an early military retirement just by following a simple investment strategy. Starting an investment plan young may be enough to ensure you become a young military millionaire.

Because you have the power of compounding interest on your side it’s easy to become a young military millionaire when you start young. Compounding interest is defined as the interest earned from the initial money you personally invested from your military money plus the interest earned from the amount your investments have already returned. To clarify, the money that you already made from your investments starts to earn you money. That means that every year you are making money off money your investments have already paid you.

By investing your military paycheck at a young age you are able to fully harness the power of compounding interest. This is because you’re earning a return (making money) on what your investments have already paid you. The younger you start the faster and larger your investment account may grow. That’s why investing while you’re young and earning a steady military paycheck gives you a huge advantage.

1) Save Money. The first step on the road to becoming a young military millionaire is to set up a simple savings plan. Pay yourself first by setting money aside into an investment before you start spending your military money. The habit of paying yourself first will benefit you throughout your life and will help you retire young.

2) Invest Young. You may not of been taught how to invest in high school but don’t let that hold you back. There are basic military investment strategies that offer a great way for beginning investors to profit.

The stock market offers some investment vehicles that are perfect for the new military investor. There are lower-risk investments that offer the potential for long-term gains that may help you to put your military money to work.

One type of investment, known as broad based market index investments, may offer you a simple way to get your military money working for you. ‘Broad market index investments’ are simply investments in the overall market like the NASDQ 100 and S&P 500. To illustrate, one S&P 500 index traded fund will allow you to own a portion of all 500 stocks in that index. The S&P 500 index is one way for the new military investor to profit from the stock market without having to have a lot of experience.

3) Consistent Investments. There is a basic military investment technique called ‘dollar cost averaging’. A dollar cost averaging plan is simply buying a fixed dollar amount of your broad market index investment at the same time each month. Your bank and brokerage firm can be set-up so it automatically invests the amount you want at the same time each month. Once this structure is set up you can sit back and just review your monthly statements. With a consistent military investment plan you could reap huge profits over a long-term.

The basic investment method discussed will get your military money working for you. If you’re looking to become a military millionaire young there are other ways you can increase your returns. The investment vehicles discussed below take more effort however you will be able to reach your military millionaire status sooner.

5. Real estate. Real estate investing can be credited with making the majority of young millionaires. It gives you the power of leverage so you are making money of money the bank loaned you. When done right you could expect to double your investment each year! Just by purchasing real estate while you’re young could easily make you a young military millionaire.

The military offers many benefits that will allow you to become a homeowner. VA loans allow you to borrow 100% of the purchase price which means you won’t need money for a down payment in most cases. Combine that with BAH (Basic Allowance for Housing) for civilian housing and you can have your mortgage payments paid for.

This is a huge benefit because you purchase a 0,000 home your property could be valued at over 0,000 in 30 years. The best part is using BAH you could of not even made a payment with your own money.

6. Entrepreneurship. Being in the military you can start a part-time business that earns you an extra few hundred a month or one that surpasses your military paycheck. Either way it can help you to become a young military millionaire or just added another income so you can invest more. There are also tax benefits available to business owners that will keep more of your military paycheck money in your pocket.

Becoming an entrepreneur can help you become a young military millionaire and give you the luxury of being able to retire young.

The sooner you start investing the sooner you can become a young military millionaire. Start now and the take steps to become a young military millionaire today!

**WATCH IN HIGH QUALITY, IT IS EASIER TO READ** Thanks to the military
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Veterans Day Historical Military Photo Collection at VetFriends.com Honors U.S. Veterans & Military











Mount Pleasant, SC (PRWEB) October 14, 2010

This Veterans Day, Americans will come together to express their respect and gratitude towards U.S. veterans and military personnel. VetFriends.com – the largest Web site for reuniting U.S. veterans – encourages the community to enjoy and appreciate an authentic collection of military photos at http://www.vetfriends.com/militarypics, honoring the many brave men and women who have served or are serving in the U.S. Armed Forces. All photos were submitted by U.S. veterans, active military, family and friends — with photos spanning from World War I to the present.

The VetFriends.com military photo collection is made up of thousands of images in honor of U.S. military personnel. Visitors can search for images by specific military branch, year, war, state and country. Each picture contains background information along with a brief message or description stating the year, military unit and branch, war served and more. Pictures can be viewed at regular size or enhanced for a larger close up view.

After finding a photo in the VetFriends.com photo collection, visitor S. Malanga writes: “What a surprise for me! The man on the right is my father! Thank you for putting this picture online. I was just going from site to site trying to bring back memories and there he was on VetFriends.com!”

Honor a Loved One Who Served or is Serving: Post Their Photo in the VetFriends.com Collection —

All photos, both color and black and white can be uploaded free at http://www.vetfriends.com/MilitaryPics/image_upload.cfm, where they are then edited, resized, approved for content and posted live for the world to see. In addition, all photo submissions to VetFriends received in October through Veterans Day and the holiday season will have a chance to win a free U.S. Military cap of choice from the full VetFriends catalog. Once a photo is submitted it is automatically entered into the contest.

In addition to the photo section, a Veterans Day parade/events directory is available for people to find events in their area to show their support. The directory will highlight locations, dates and times of Veterans Day 2010 events at http://www.vetfriends.com/memorialparades/. Coordinators along with the community can submit and register their events at this site address as well.

Visitors to VetFriends.com can further submit personal reunion stories, military jokes, lingo and cadences. Other features include: search over 1,095,000 veterans, active military, family and friends; Veterans Day forums, information on how to receive your own or a family member’s military records and medals; reunion postings; message boards; military discounts and more.

Founded in 2000 by a U.S. veteran, thousands of people have been reconnected through VetFriends.com, spanning from World War II through to Operation Desert Storm and the present. VetFriends.com looks forward to a wonderful Veterans Day full of honor, pride and tradition. For more information and/or interview opportunities please contact Maynard Anderson at 843-352-4926 or visit http://www.vetfriends.com.

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How Can You Switch From Military Life Back To Civilian Life?

February 6, 2010
By
Military Life
by US Army Korea – IMCOM

After several years of serving your country you are now officially out of the Army, now what? First and foremost give yourself a huge pat on the back, as you should be commended for serving and protecting this great country. Next you need to decide what to do with the rest of your life.

When making such a big decision you first need to ask yourself what it is you enjoy? If you enjoy animals for example, then perhaps you should consider a veterinary carrier. But what if you don’t have the training?

If you want to do something after your Army life that requires schooling then waste no time and get going. Many who served in the Army qualified for the G.I. Bill, which gives you money for college. You should know if you have the G.I. Bill or not, but if you are unsure you can always go talk to a recruiter who can then put you in touch with the proper personnel. Also, because you served in the Army, there are many scholarships, grants, and loans that are specifically designed to aid you in your quest for greater knowledge. To find out what these are, seek the advice of the financial aid office in the college you are thinking of attending.

Perhaps though college isn’t right for you. In this case maybe you can take what you learned in the Army and apply it to civilian life. If you were in the Military Police for example, then perhaps a career in law enforcement would be rewarding for you. Maybe you worked in the motorcade. With the skills you learned there, you could easily translate that into a good paying auto technician job. The point is, whatever you did in the Army for Uncle Sam, there is almost always a counterpart in the private sector.

When you are seeking private employment be sure to mention that you served in the Army as many employers look for the discipline in an employee that the Army teaches. Being in the Army looks great on a resume and you never know which prospective employer may have served in the armed forces as well.
Before deciding what to do, ask yourself these questions first:

• What are your goals?
• What are your skills?
• What are your interests?
• Do you want to seek higher education?

Once you have secured your employment and are looking for housing, keep in mind that there are many loans that are tailored for those that served in the Army. If buying a house is your desire, then talk to your real estate agent about any special loans for former military.

Any move in life takes getting used to. A move out of Army life and into civilian life takes a lot of getting used to. Remember the decisions you make will affect the rest of your life so take your time and choose wisely. There are many advantages and special offers for those that did serve in the military, as there should be, and you should take full advantage of each and every one.

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Question by so_serious: Military life?
Does anyone have any details on the pay and life of a person who decides to join the military? I will be a junior in college this year and I’ve run out of resources to pay for tuition. Is joining the military a good idea?

Best answer:

Answer by Shibboleth
If you have 30 semester credits when you join, you get 1 automatic promotion. If you have 60 semester credits, you get two automatic promotions.

This is only good for promotion from E-1 to E-2 to E-3.

As such, your pay would change considerably just for what you’ve already done.

Know better? Leave your own answer in the comments!