Prime Foresight

Stack your money when you don’t “need” it. Because once you actually need extra money, you are often put in places you don’t have to be.

This goes for both your personal and your business finances. That’s right. If you don’t already have your own side hustle, LLC, or S-Corp, change that quickly. America is built on capitalism and commerce. There are so many benefits of being a business owner that you may have yet to tap into. Things like tax breaks, business expenses, and business credit to name a few.

You don’t have to tap into financing, but it helps. Think about the last time you only used 20% of your monthly pay because you chose to… Go ahead, I’ll wait. That may sound ridiculous, but it’s an example of living below your means. Being in the military, you are already on a fixed income whether you believe so or not. Or did you forget the part where you volunteered to deny overtime pay for the duration of your commitment to your country? If living off of 20% of your pay seems like too much, ease into it.

Establish a strict budget. Identify every dollar you’ve spent over your last full month’s pay period. Shave off 4-6 things you don’t need. Now take that $45.00 - $250.00 extra you have left over and put it on autopay into a high performing Index or ETF through a brokerage you are comfortable using. Depending on the contract you signed, you are already serving between 2-6 years anyway. Put that money to work for you, while you are working for your country! Congratulations, this may be one of the first intentional long-term plays you’ve made with your money.

You’re welcome.