MILMO Show

I love that I get to talk to you every week about money and entrepreneurship. I'm getting real close to my 300th episode, which means a lot to me. While I love that I have the privilege to be one of the podcasts you listen to, I want to do more. I want to go beyond devices and connect with members of the MILMO® community in a more meaningful and impactful way. I've been planning something for a while—something that will bring the MILMO® community together.

In this episode, I'm going to tell you what MILMO® Meet is, my vision for it and one teensy change I've made to the branding of MILMO®.

Show notes: https://milmo.co/podcast/announcing-milmo-meet

A PCS or Permanent Change of Station impacts every part of your life, including your finances and jobs. Understanding the basics of PCSing can help you avoid costly mistakes and maybe make some money on it.

In this episode, Kate Horrell breaks down the financial basics of a PCS, the allowances provided by the DoD for your move, and advice to make everything go smoother.

Kate is an Accredited Financial Counselor®, Chartered Financial Consultant®, Military Qualified Financial Professional, and founder of Kings High Media. She creates personal finance content that helps our military and veteran community make the most of their pay and benefits. In addition to being a financial expert, Kate knows a thing or two about being a military spouse and PCSing. She's been married to a now-retired sailor for 30 years, corralling four girls and two cats across four OCONUS tours and a handful of homes in the US. Show notes and resources: https://milmo.co/podcast/pcsing

Not everyone tracks the state of the economy, but when the news reports that it's taking a nosedive, that usually gets people's attention. There is one thing at the heart of our economy that can help you have a better understanding of how it all works, and that's the federal funds rate.

In this episode, I'm going to break down what the federal funds rate is. Who sets it? And most importantly, why should you, as someone managing your or your family's finances, care about it?

The show notes can be found here:

https://milmo.co/podcast/federal-funds-rate

Have you ever had an idea to make a product that other people might be willing to buy? Many of us have, but how do you take your idea and get it produced and packaged to sell? You also need to have the resilience, innovation, and entrepreneurial spirit to get it done.

In this episode, Air Force veteran, Haley McClain Hill shares her behind-the-scenes experience building TORCH Warriorwear, a company born from her military background and entrepreneurial spirit. We talk about how she turned an idea to be more comfortable in uniform into a global brand, secured partnerships with major organizations, and even landed a deal on ABC's Shark Tank.

Show notes: https://milmo.co/podcast/creating-a-product-and-winning-pitch-competitions

You know that feeling when you bite off way more of a burrito than you can chew? It's overwhelming. Instead of enjoying the taste and appreciating the awesome sustenance, you're panicky and scared you'll choke to death. Well, that's exactly what many of us do with our finances. We set massive goals, take it too much information, and try to tackle everything at once. Then we end up feeling overwhelmed, paralyzed, and defeated. But great news, there's a better way.

In this episode, I'm going to break down why taking small, consistent bites out of your financial goals is the secret to lasting success. I'll share practical strategies to make your money moves more manageable, celebrate small wins, and motivate you along the way.

https://milmo.co/podcast/financial-bites

The world is packed full of information. With the Internet and a cell phone, we have all the knowledge in the world in the palm of our hand. No matter the situation, if you need information, it's there. But how do you distinguish between key information you need to make decisions and unnecessary noise?

In this episode, Bob Hayward, retired Vice Admiral and former Navy SEAL, discusses how you can enhance your decision-making process in any situation with "good gouge," especially financial and career decisions.

We cover:

• The concept of "the gouge" and its military origins and importance in decision-making
• Creating a culture of sharing knowledge and supporting others in organizations
• Advice for service members transitioning out of the military
• The importance of critical thinking and asking questions Encouraging open communication

Show notes: How to Be Smarter in Any Situation

You've heard me and every other financial person say it before: Spend less than you make and save. It's a fundamental of personal finance, but then what? Once you've done the savings part, what are your next steps with the money?

Today's the fifth and final episode of my "Back to Basics" series about being brilliant at finance's basics or core principles. So far, I've covered the Thrift Savings Plan, cash flow, saving smarter, and insurance. Today, I'm diving into a topic that can make or break your financial future: investing fundamentals. Investing wisely is a centerpiece for building wealth and reaching financial goals.

In this episode, I'll cover:

• The basics of investing terminology
• Types of investments
• Understanding risk and return
• The power of diversification
• Compounding and its benefits
• Asset allocation strategies
• Key investment strategies

Show notes: https://milmo.co/podcast/investing-fundamentals

Today's the fourth episode of my "Back to Basics" series about being brilliant at the basics or core principles of finance. So far, I've covered the Thrift Savings Plan, cash flow, and saving smarter, and today, I'm going over another important topic that is often misunderstood: insurance.

Understanding insurance is essential for managing risk and protecting your financial gains and well-being, but it can also help you recover if there's an unexpected life event like an accident or illness.

In this episode, I'm going over:

• Why insurance is important
• Types of insurance you need
• How to choose the right insurance
• Common mistakes to avoid
• Maximizing your insurance benefits

https://milmo.co/podcast/insurance-basics

Today's the third episode of my "Back to Basics" series that is about being brilliant at the basics or core principles of finance. Last time, I covered cash flow management. Before that the Thrift Savings Plan and today, I'm going over a critical topic: saving your money. People say, "Money can't buy you happiness." That one is crazy because renting a yacht for two weeks to eat, drink and be merry with the people I love would bring me absolute joy. There are a lot of sayings, but what they all come down to is that life is hard when you need money and don't have it. It can be for simple things like needing a new suit for an interview, money to fly home to family for the holidays, a safe home, food, or medical treatments. Having money saved up gives you the freedom and peace to solve your needs, wants and problems quickly.

Saving money is also key to achieving financial stability, reaching your goals, and reducing stress.

In this episode, I'm going over:

• Why it's important to save money
• Compound interest
• Strategies to save money
• Getting the time and your savings aligned
• Best accounts to save money
• Savings mistakes to avoid
• Maximizing your savings

https://milmo.co/podcasting/save-money-smarter

A firm grasp of your current money situation is foundational to your peace of mind and financial success. One of the best ways to take control of your finances is with a cash flow statement.

Today is the second episode of my "Back to the Basics" series, which is all about being brilliant at the basics or core principles of finance. Last time, I covered the basics of the Thrift Savings Plan, and today, I'm going to talk about something equally important: cash flow management.

Understanding and managing your cash flow is a fundamental skill that will help you avoid debt, plan for emergencies, achieve financial goals, and reduce stress. You may have heard the term "cash flow" thrown around before, but what does it really mean? And how is it different from budgeting? If you're confused or just want to strengthen your financial foundation, this one's for you.

In this episode, I'm covering:

• What a cash flow statement is and how it works
• The differences between cash flow and budgeting, and why both are important
• Practical steps to create your own cash flow statement
• Tips for managing your cash flow effectively
• Common pitfalls to avoid and strategies to stay on track

The show notes can be found here: https://milmo.co/podcast/managing-cash-flow