How to become a Military Millionaire!

Military Millionaire Strategies – First Term Wealth!

I wrote an E-book recently, detailing all of the financial decisions I SHOULD have made in my first enlistment. These strategies could make you a military millionaire.

I want to give you some brief snippets, but you can download the whole E-book for FREE here

What qualifies me to write this book

Military Millionaire Strategies - First Term Wealth!

I have served in the United States Marine Corps for over ten years, and throughout that time I have learned a lot about personal finance and investing. I have earned my certificate as a Command Financial Specialist and at the time of writing, I own over 50 rental units with a combined value of over $3,000,000!

That being said I made the same terrible financial decisions in my first four years of service that a lot of my peers did!


In my first enlistment, I bought three tattoos, a 20-year-old truck, two 20-year-old (beater) cars, a rifle, shotgun, pistol, and a new Harley-Davidson motorcycle. Of these items, I totaled the Harley, and one car sold the other car (at a loss) and haven’t been able to take my rifle or pistol to 2 of my last 3 duty stations (clearly not a wise investment).

I spent over $26,000 on items that I didn’t need. This does not include the amount of alcohol I purchased being stationed in Okinawa, Japan…or the number of supplements I bought…or the amount of times I ate at the food court instead of the chow-hall.

The point is, I had no money saved at the end of my first four-year term in the Marine Corps.

Download First Term Wealth, in order to start your journey to become a military millionaire!

This book is intended as a guide

As my financial IQ has grown, I can’t help but look back and think of how much wealthier I would be if I had played my cards right in that first enlistment. Obviously, I can’t go back and change the past, but I can give you a short step-by-step guide that explains “if you follow plan A you could have X amount saved at the end of your first term.”

These are simple, life-changing steps you can take to shape your financial future, and the best part is that you can automate all of them! This means you can “set it, and forget it (Popeil)!”

Survey Results

In the planning stages of this book, I did a short survey with some veterans that made very smart decisions in the early stages of their career, and some of their results are staggering. The general consensus is that you should be able to save around $50,000 in your first term (not including your TSP), and still be able to have a few drinks with the guys every week!

I placed the rest of these results on the first page of the E-book!

Savings Gap

The savings gap is a simple concept that will change your life!

Increasing your savings gap is the easiest way to dramatically improve your financial situation. Too often people get wrapped around their minimal income but fail to realize that the real problem is their mismanaged expenses. Focus on minimizing your expenses first, and then improve your income (without increasing expenses).

Check out this awesome website for tracking your net worth and assets/liabilities!

Debt Snowball

The fastest way to pay off any debt you may have accumulated is to pay only the minimum payment on all of your debts, except for one. Now, put every available penny into paying off this one debt. Roll the payment you were making into the next debt, as soon as you pay off the first! With each successive debt paid off you will be able to make a larger payment on the next debt (this is the snowball effect)!

Blended Retirement System, TSP fund-allocations, and allotments…

I can't give away the whole book! Download it to hear about how I use these specific benefits!

Here is an article I wrote on the Blended Retirement System as well.

Three Military Millionaire Strategies

These are the three strategies for TSP/Savings allocations that you need to know about! Please note that all of these numbers are based on the paycheck of an E-1 with less than two years of time in service to date. As you get promoted and receive the 2-year, 3-year, and 4-year pay-raises I hope that you will increase the amount you’re saving, as discussed above.

Mild Strategy

This strategy is easy to stick to because it will leave you roughly $862.05 in monthly spending cash. I would personally recommend only starting with this strategy if you have large debts to pay off. In that case, I would use as much of your “spending cash” as possible to pay that debt off quickly. Then upgrade to one of the more powerful strategies as soon as your debt is gone!

Percentage Allotted to TSP: 10% (plus 5% matching contribution)

Dollar amount allotted: $342.02 monthly, $4,104.24 annually (not including interest)

Savings Allotment amount: 10% of base pay

Dollar amount allotted: $163.83 monthly, $1,965.96 annually (not including interest)

Total put away monthly: $505.85

Total put away annually: $6,070.20

Without including promotions, pay-raises, or interest this is what you will have saved after your first 4-year enlistment with this strategy!

Total value of TSP: $16,416.96

Total value of savings: $7,863.84

4-year total combined amount: $24,280.80

More Powerful Military Millionaire Strategies

The Intermediate and Extreme strategies are even more powerful! Increasing your savings rate in order to save over $60,000 dollars, even if you never get promoted! $60,000 of investment capital can go a long way in helping you become a military millionaire!

To see these strategies, along with my strategy for bonuses, and side-hustles to increase your wealth…you know what to do!

Military Millionaire Strategies | TL;DR

You can save a ton of money in your first enlistment in the military! In order to do this you have to be intentional with your savings and investment strategies.

If I had done this I could already be a military millionaire!

Last chance to get your FREE E-book don't miss out!

Check out this article about Military real estate investing

Become a Military Millionaire

TSP investing strategies

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