The host of FTZ Andrew Cormier sits down with the host of the BLUF Finance podcast Erik Baskin CFP to continue the conversation around how to be financially responsible as a cadet and young LT.

Time Stamps

(00:00) Introduction

(05:15) Common cadet financial pitfalls

(09:06) Why is whole life insurance bad?

(12:22) Why are payday loans bad?

(17:20) How to notice pyramid schemes

(20:22) Should you sports bet?

(21:36) 4% Rule of thumb

(27:55) S&P 500 vs. S&Me 500

(32:34) Smart uses of the cadet loan

(40:18) Thoughts on entrepreneurship

(49:44) Advice for cadets

The views expressed are those of the speakers and do not necessarily represent the views of the DoD or its components.

Andrew Cormier

Linkedin: ⁠https://www.linkedin.com/in/andrew-cormier-21841020b⁠

Instagram: @for.the.zoomies / @cormier.2

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Erik Baskin

Linkedin: https://www.linkedin.com/in/erikbaskin

Website: https://www.baskinfp.com

BLUF Podcast: https://www.baskinfp.com/podcast

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Jake Thibeault 

Donations: https://www.tbo14tough.com

Instagram: jake.thibeault

GoFundme: https://www.gofundme.com/f/jake-thibeault-needs-our-support