After the TSP, I invest my money in Betterment and Vanguard. I track all of my investments with Personal Capital. I also wrote a short, 2 hour book summarizing this site. You can buy it here.
This morning my guest post about the benefits of joining the military versus going to college went live on Financial Samurai. If this is your first time to my site, welcome! You can learn more about me here.
The short version is I’m an active duty US Air Force officer who researches and write extensively on achieving financial independence using your military pay and benefits. I started this site in 2012 as a lieutenant and I’ve been in the military since 2010. I get to travel a lot for my job and like to share pictures I take around the world. Since 2012 I’ve been to
I’ve compiled a list of my best posts for both my military and civilian readers. If you would like to read more about achieving financial independence in the military, check out the posts below.
Best Financial Articles for Military
- American Express Waives All Fees for US Military Personnel
- The Average Net Worth of the Above Average Military Officer
- 8 Ways to Save Money on Deployment
- The TSP Thrift Savings Plan: Best Retirement Plan in the World
- Is the USAA Career Starter Loan a Good Deal for Cadets?
- Guaranteed 10% Return for Deployed Military: The Savings Deposit Program
Best Financial Articles for Civilians and Military
- The Free Site I Use to Grow My Net Worth
- How My Wife Paid Off $45,000 in Student Loans in 1 Year
- Releasing a Co-Signer From a Sallie Mae or Navient Student Loan
- How to Lower Your Time Warner Cable Bill
- Guess How Much Money I Made Writing 100 Blog Posts
- How I Messed Up my $1000 Bet on Oil
2 Websites I Use to Achieve Financial Independence
The best way I know to achieve financial independence is to keep your investments simple, diversified, automatic, and low-cost. Costs eat into your returns like you wouldn't believe! A 1% difference in expense ratios can mean $100,000s lost to fees over a lifetime of investing.
Even if you're a DIY (do-it-yourself) investor like I am, you need to check out Betterment. You can read my full review here, but the bottom line is for only $250 per $100,000 invested (0.25% expense ratio) you get simple, diversified, and automated investing. In addition every account now gets free Tax Loss Harvesting+ features, which should increase returns for the average investor more than the minuscule management fee.
If you're not a DIY investor or are just getting started with investing, then you definitely need to check out Betterment. It's what I recommend to my family and friends who aren't strong investors or don't care to learn about asset allocations, diversification, or rebalancing.
I have investment accounts all over the place. To keep track of all of them in one place I use Personal Capital. It combines all of my accounts, shows me where I may be overpaying in fees, and provides beautiful charts showing my overall asset allocation and performance.
I use Personal Capital to track my Roth and Traditional TSP, Vanguard IRAs, banking accounts, SDP, and my Betterment taxable account, all in one place. It's free, secure and presents me with a one-stop dashboard so I can see all my money on one site.
Read my full review of Personal Capital and see how easy it can be to manage your investments in one place. Trust me, once you try it, you'll love it.
P.S. - If you have over $100,000 of assets and a 401k, you really need to run the Personal Capital 401k Fee Analyzer.