Do THIS to Save Your First $10,000 In The Military
If you’re here, you’re trying to save your first $10,000 in the military. In this video, I’ll walk you through 4 easy steps that you can take to reach that goal as fast as possible, so make sure to watch the entire video to get the bonus tip at the end! Links Mentioned: Open up a SoFi high-yield savings account and get up to $325 when you set up direct deposit: https://www.sofi.com/invite/money?gcp... 💰 Get $20 to start saving or investing with Acorns: https://www.acorns.com/joey/ Sign up for Robinhood with my link and get up to $200 of free stocks 🎁: https://join.robinhood.com/josephn3472 🏘️ FREE webinar training on how to use the VA loan to build wealth in real estate! https://www.simplewealthrealestate.co... Saving money in the military can be tough for a lot of reasons, one being that it's never really talked about among military members. Whatever the reason, the best way to get to your first $10,000 saved is to break down the goal into smaller achievable bits. Step 1: Open up a high-yield savings account I recommend opening up a SoFi account with my link above to get free money when you set up direct deposit. You'll get a lot more savings interest for your money compared to traditional banking platforms like Navy Federal and Frontwave. Step 2: Pay yourself first Every time you get paid, you should automatically “pay yourself” whatever cushion you have after necessary expenses. Then, you can spend whatever is left. This is so you always have money left over each month for your savings goals. Step 3: Calculate how much you need to save every month to get $10,000 in 1 year To save $10,000 in 1 year, all you have to do is save $833 per month, or $417 each paycheck if you get paid every 1st and 15th. Step 4: Track your money Nowadays, it's super easy to create a free account with an online money platform that combines all of your accounts and credit cards into one account. From there, you can see exactly how much money is going in and out every day and make better decisions on what you can cut out to save more. Steps 5 & 6 are optional for all the motivated military members and veterans who want to make even more money once they have saved $10,000. If you enjoyed this video, then make sure to like, and subscribe for more videos like this in the future! If you want to see more videos like this, check out my other videos on the channel: How Much I Make In The Marine Corps Reserve (As a Sgt): • How Much I Make In The Marine Corps R... How To Start a Business In The Military 2024 (No BS Guide): • How To Start a Business In The Milita... My goal with this channel is to help inform, entertain, and educate military members and people looking to join the military on all things finance, business, and mindset because these are things I wish someone had taught me earlier on in life. If there's anything you want me to make a video about, comment below on what you'd like to see next! Thanks for watching, and I hope you have a great rest of your day! :) #military #money #veteran 💻 MY OTHER SOCIALS: 📩 Business Email → [email protected] 🖥️ My website / newsletter → https://joeynguyen.co/ 📸 Instagram → / joey__nguyen 📱 TikTok → / joeyngooyen Timeline: 0:00 - Intro 0:57 - Step 1 2:05 - Step 2 2:54 - Step 3 4:09 - Step 4 4:52 - Step 5 (Optional) 7:06 - Bonus Tip 7:22 - Conclusion Disclaimer: Some of the links above may be affiliate links, which means that if you click on them, I may receive a small commission. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewership! In addition, I am not a financial advisor. I don't provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.
