Posted on Aug 11, 2016
Do you have an emergency financial fund?
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http://taskandpurpose.com/5-reasons-emergency-fund-will-save-life/?utm_source=newsletter&utm_medium=email&utm_campaign=tp-today
Doesn't matter if it's Dave Ramsey's advice or another financial guy, teaching finances to your family and Soldiers can save a marriage or more. To me, it's leadership 201 because it does involve a level of trust and respect. Do you have a plan? What is it?
Doesn't matter if it's Dave Ramsey's advice or another financial guy, teaching finances to your family and Soldiers can save a marriage or more. To me, it's leadership 201 because it does involve a level of trust and respect. Do you have a plan? What is it?
Finance
Money
Leadership
LES
Posted >1 y ago
Responses: 17
My wife and I are completely debt free and have 6 months worth of expenses saved up at all times...plus an additional savings account that I continue to grow each month. The amount of financial peace and peace of MIND that a person can experience is unbelievable when you are debt-free with a strong emergency savings. The sacrifices we made early on by living well beneath our means has paid dividends, I highly recommend it. It's worth the effort!
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SGT Jerrold Pesz
I started listening to Dave Ramsey long ago.
1LT (Join to see)
I am a huge advocate of Dave Ramsey! His "baby steps" really do work.
1LT (Join to see)
MAJ Charles Blake - You know it, Sir!
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1LT (Join to see) - you are ahead of your peers. I hope you have the opportunity to share your success with others and I hope you find people willing to listen! "Everybody wants to be smart; nobody wants to be taught"...
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As a young enlisted guy I received some advice from our HMC, but it was spotty. An emergency fund is critical and participating in your retirement as a young person should not be an option. Social Security will probably not be available for the young crowd.
SrA Edward Vong
MAJ Charles Blake
Social Security was a great program when first implemented, but soon will run out. Reason I'm glad I started saving up early.
Social Security was a great program when first implemented, but soon will run out. Reason I'm glad I started saving up early.
I keep enough money put away to be able to pay all my monthly bills for 3 months. Even though there is a high demand in the field I work in, that would give me 90 days to find another job and still be picky where I wanted to work.
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