Military Money Manual has partnered with CardRatings for our coverage of credit card products. Military Money Manual and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Thank you for supporting my independent, veteran owned site.
Hey, I'm Spencer. I am an active duty major (O-4) in the US Air Force.
When I joined the Air Force in 2010, there were no guides or books on how to achieve financial independence in the military. I conducted thousands of hours of research and wrote the book I wish someone had handed to me on my first day in the military.
That book became The Military Money Manual
I travel often internationally and stateside (OCONUS and CONUS) for my work and fun.
My wife and I enjoy travelling, trying new restaurants, hiking, winter sports, and gelato. We would ideally like jobs that would allow us to travel and have a good amount of down time.
In 2011 I graduated a long training course for my primary duty. I became somewhat obsessed with personal finance, investing, and optimizing my life and money. I read every book the small base library had on these subjects. I read as many personal finance and financial independence blogs as I could.
I decided to make early financial independence my main financial goal. I set my goal of investing for financial independence by age 40. It was easy convincing my wife of this goal since she has always been a saver.
I began tracking my net worth every month starting in April 2012, when my wife and I were worth -$3714. Now, we're investing to be financially independent by age 40. I invest about 40% of my after tax military pay. You can see my current asset allocation and personal investing principles.
I wrote a book about my journey to financial independence. It's a letter to my younger self explaining everything 20 year old me would need to know to become financial independent in the next 15 years. The book will be published in 2021.
Military Money Manual in the Media
Military Money Manual has been featured on a number of outstanding financial websites. I am frequently quoted as an expert on military financial issues, investing, personal finance, credit cards, travel hacking, and military credit cards benefits, especially the SCRA and MLA laws.
Yahoo! Finance | ABC News | The Military Guide | Dough Roller | Credit.com | Military Saves | Mint.com | Zillow Blog | Military.com Paycheck Chronicles | Financial Samurai | Get Rich Slowly | Million Mile Secrets | Lifehacker | Madfientist
- 130,000 veterans about about to get a hefty tax refund…
- I'm a 40, single, military dad of 2; I have rental income, $100k in retirement savings and expect at least $3k a month in retirement – what am I missing?
- Why US soldiers may want to start brushing up on investing
If you'd like an article from me, a quote, to inquiry about advertising on my site, or to contact me, visit the contact page.
The Military Money Manual Value Proposition
- An author with 10+ years military experience. I deployed 4 times, PCS’d 5 times, spent 600+ days TDY, and receive the same paycheck as you on the 1st and 15th.
- First hand experience – I increased my net worth by multiple six figures from 2010. There are no shortcuts to financial independence, just time, savings rate, and investment returns. I paid off $120,000 in USAA cadet, student, and auto loans. I max out my TSP and Vanguard IRAs every year.
- I spend 5+ hours researching and writing each article I post. Everything is original and written by me, no ghost writers. If I have a guest post, I clearly label it as such.
- Trustworthy: I only recommend products I use myself. I clearly outline my affiliate linking and advertising policy. This is unlike many sites on the web that include affiliate links without informing you of the potential conflict of interest.
About My Site – Military Money Manual
I primarily started this site for three reasons:
- Earn additional income online (see my advertising disclosure)
- Share what I learn about personal finance for military servicemembers
- Help fellow military personnel grow wealthier
For a profit motivated worker, working for government can be difficult as there are no bonuses, no salary negotiations, and promotions are based mostly on seniority. In 2012 I was in a long unaccompanied training course. Living in the dorms on base, there wasn't much I could do to boost my income.
I started this blog in April 2012 to pass the time, write about what I was doing with my money, and to make some extra income. From April 2012 – April 2021, over 1.4 million visitors have visited my site.
Before I discovered the idea of financial independence, I had no definitive goal with my money. I knew that my investments could eventually support my lifestyle, but I didn't know my number. $1 million? $2 million? It seemed so arbitrary.
Now that I know what my goal is, I want to share it with as many members of the military community that I can.
The only real reason to save and invest is to achieve financial independence, so that you can live life as you choose.
Military personal finance can be quite different from civilians. There's the constant moving across the country or the world (PCS). There's deployments and temporary assignments (TDYs). There are entitlements, basic pay, incentive pay, tax benefits, BAH, and everything else that makes the military financial community different from the civilian sector.
That's why a site specific to military personal finance issues is needed.
Thanks for reading,