Emergency funds are important!

Did you have one pre-covid? Do you have one now? Why or why not?!

In this podcast I cover MMO #2 which is your Helmet (starter)Emergency Fund

-Need for emergency savings
-Savings behavior
-$1,000-$2,000 for initial emergency fund

If you are just joining me this episode, please go back and listen as these episodes are foundational and cumulative!

Connect with me:
www.instagram.com/timmemak
www.instagram.com/leadingwithcents
www.facebook.com/timmemak

"I want my financial goals to outlive me in the circumstances in which I am no longer around to fulfill them."

Brian is a former licensed financial planner, now an active duty Army Officer and is experienced in the different financial products on the market today. 

In this episode we cover some good, bad, and ugly of the life insurance area.

Connect with me:
www.instagram.com/leadingwithcents
www.instagram.com/timmemak

Watch the Podcast @ https://studio.youtube.com/video/LHVMN2_7KIs/analytics/tab-overview/period-default 

2020 was definitely a hard year for everyone. You may have issues that started before 2020, that were simply exposed by the hardships of 2020.

You need to identify your struggles and show up everyday to overcome these struggles. Everyone has them, but not everyone shows up to work on them.

Financial wellness and mental health go hand in hand. We need to show up for our soldiers, our leaders, and our people. 

In this episode we cover Money Marching Order (MMO) #1
STOP MOVEMENT AND GET YOUR HEADCOUNT

1. Cancel Subscriptions
2. Credit Card Shred/Freeze
3. Service Member Civil Relief Act Application
4. Life Insurance Assessment
5. Will/Estate Plan
6. Budget

Links for this episode
SCRA https://scra.dmdc.osd.mil/scra/#/home 

In this episode, I go over my structure and steps for the military financial plan, Money Marching Order.

The Money Marching Order is:
1. Stop Movement
2. Helmet Emergency Fund
3. Pay off Debt AND BRS Match (sorry Dave)
4. Body Armor Emergency Fund
5. Pension Plus
6. Save + Invest
7. College Planning (GI Bill, 529, etc)
8. Buying a Home

Each step has their own sub steps! Very important to listen. We will cover each step in detail later on!

Connect with me:
[email protected]
www.facebook.com/newaveragejoe
www.instagram.com/timmemak
www.linkedin.com/in/timmemak

I dive into my "WHY" and point out the flaws in the military personal finance arena.

Mainstream financial gurus and shows fall short in regards to military members and military personnel. They fall short because they've never walked a day in your shoes.

Connect with me:
[email protected]
www.facebook.com/newaveragejoe
www.instagram.com/timmemak
www.linkedin.com/in/timmemak