| Being young and in the military has its advantages. | | | | way to get your military money working for you. |
| One of the biggest rewards is a powerful force that | | | | 'Broad market index investments' are simply |
| will almost ensure that you can become a young | | | | investments in the overall market like the NASDQ |
| military millionaire. There are simple steps you can | | | | 100 and S&P 500. To illustrate, one S&P |
| take when you're young that will help you harness | | | | 500 index traded fund will allow you to own a portion |
| the power of this force; making becoming a military | | | | of all 500 stocks in that index. The S&P 500 |
| millionaire a breeze. | | | | index is one way for the new military investor to |
| Attention young military personnel. You can turn that | | | | profit from the stock market without having to have |
| military paycheck into a million just by following a | | | | a lot of experience. |
| simple, consistent, investment plan. Just by | | | | 3) Consistent Investments. There is a basic military |
| automatically investing on a regular basis you could be | | | | investment technique called 'dollar cost averaging'. A |
| on your way to an early military retirement. For | | | | dollar cost averaging plan is simply buying a fixed |
| example: | | | | dollar amount of your broad market index investment |
| -A $174 invested monthly starting at 18 years old | | | | at the same time each month. Your bank and |
| could make you a young military millionaire by age 53. | | | | brokerage firm can be set-up so it automatically |
| -A $701 invested monthly starting at 18 years old | | | | invests the amount you want at the same time each |
| could make you a young military millionaire by age 40. | | | | month. Once this structure is set up you can sit back |
| Knowing how to handle your military money gives | | | | and just review your monthly statements. With a |
| you advantages that the most people miss out on. | | | | consistent military investment plan you could reap |
| You can afford an early military retirement just by | | | | huge profits over a long-term. |
| following a simple investment strategy. Starting an | | | | The basic investment method discussed will get your |
| investment plan young may be enough to ensure you | | | | military money working for you. If you're looking to |
| become a young military millionaire. | | | | become a military millionaire young there are other |
| Because you have the power of compounding | | | | ways you can increase your returns. The investment |
| interest on your side it's easy to become a young | | | | vehicles discussed below take more effort however |
| military millionaire when you start young. | | | | you will be able to reach your military millionaire status |
| Compounding interest is defined as the interest | | | | sooner. |
| earned from the initial money you personally invested | | | | 5. Real estate. Real estate investing can be credited |
| from your military money plus the interest earned | | | | with making the majority of young millionaires. It |
| from the amount your investments have already | | | | gives you the power of leverage so you are making |
| returned. To clarify, the money that you already | | | | money of money the bank loaned you. When done |
| made from your investments starts to earn you | | | | right you could expect to double your investment |
| money. That means that every year you are making | | | | each year! Just by purchasing real estate while you're |
| money off money your investments have already | | | | young could easily make you a young military |
| paid you. | | | | millionaire. |
| By investing your military paycheck at a young age | | | | The military offers many benefits that will allow you |
| you are able to fully harness the power of | | | | to become a homeowner. VA loans allow you to |
| compounding interest. This is due to the fact that | | | | borrow 100% of the purchase price which means |
| your investments are earning you a return on the | | | | you won't need money for a down payment in most |
| money already paid to you from the investment. The | | | | cases. Combine that with BAH (Basic Allowance for |
| younger you start the faster and larger your | | | | Housing) for civilian housing and you can have your |
| investment account may grow. That's why investing | | | | mortgage payments paid for. |
| while you're young and earning a steady military | | | | This is a huge benefit because you purchase a |
| paycheck gives you a huge advantage. | | | | $100,000 home your property could be valued at |
| 1) Save Money. The first step on the road to | | | | over $570,000 in 30 years. The best part is using |
| becoming a young military millionaire is to set up a | | | | BAH you could of not even made a payment with |
| simple savings plan. Pay yourself first by setting | | | | your own money. |
| money aside into an investment before you start | | | | 6. Entrepreneurship. Being in the military you can start |
| spending your military money. The habit of paying | | | | a part-time business that earns you an extra few |
| yourself first will benefit you throughout your life and | | | | hundred a month or one that surpasses your military |
| will help you retire young. | | | | paycheck. Either way it can help you to become a |
| 2) Invest Young. You may not of been taught how | | | | young military millionaire or just added another income |
| to invest in high school but don't let that hold you | | | | so you can invest more. There are also tax benefits |
| back. There are simple investments available to the | | | | available to business owners that will keep more of |
| beginner investors that will get allow you to invest | | | | your military paycheck money in your pocket. |
| your military money young. | | | | Becoming an entrepreneur can help you become a |
| The stock market offers some investment vehicles | | | | young military millionaire and give you the luxury of |
| that are perfect for the new military investor. There | | | | being able to retire young. |
| are lower-risk investments that offer the potential | | | | The sooner you start investing the sooner you can |
| for long-term gains that may help you to put your | | | | become a young military millionaire. Start now and the |
| military money to work. | | | | take steps to become a young military millionaire |
| One type of investment, known as broad based | | | | today! |
| market index investments, may offer you a simple | | | | |