Posted on Nov 26, 2020
Do you have any stories you can share of soldiers saving/investing their paychecks while junior enlisted please share thanks.
Posted 2 mo ago
When I did it, I didn’t save hardly a dime...I have learned a lot since then and my son now is maxing his savings everyplace he can. In his initial enlistment he is going to have saved over $10k without sacrificing anything. Just focused and watched his budget. He has also been able to take advantage of the stock market adding to his overal net worth. At 22 y.o. He has developed the habit of saving and maxing his retirement investments...the discipline itself it worth way more than the actual dollars and cents currently saved because it will be a habit he retains for a lifetime. I hope you and others can make that happen for you and your families too!
Jordan Dang No one can tell you how much you will save because there are two many variables. I saved because I was disciplined and had always saved. It helped that I served in places where I could not spend money, drew combat pay, etc. Do your research about investing so you make the best choices possible. Be familiar with your savings plan/retirement plan choices. Studying personal finance is a lifelong task and the more that you study the better investor you will become. Save, invest wisely, spend wisely. Good luck.
Read This Next