MILMO Show

What are you planning on passing down to the next generation? People often focus on things like money, furniture, or jewelry, but what about financial knowledge? Teaching your kids financial literacy now can help them have financial success long after you're gone.

In this episode, Jasmine Paul shares why it's important to teach your children financial literacy early, how to do it, plus how you can improve your own financial literacy along the way.

Jasmine is an award-winning children's book author and the founder of a company focused on making wealth fun! Jasmine served in the United States Air Force for ten years as a nuclear missile officer and finance officer across the US, South Korea, and Afghanistan. She is also the founder of The Wealth Playground, a financial education startup teaching kids ages 5-18 about money.

The show notes can be found here: https://milmo.co/podcast/teaching-financial-literacy-to-your-kids

There are many resources to help active-duty service members and their families with money, but in the past, veterans haven't had the same resources to help them with personal finance. But great news, that is changing.

In this episode, Accredited Financial Counselor Heath Carelock shares the financial resources available to veterans through a newly launched VetCents. This private and public partnership stood up to help veterans get the education and personalized financial help they need.

The show notes can be found here: https://milmo.co/podcast/financial-support-and-resources-for-veterans

Happy Veteran's Appreciation Month! It's that time of year to celebrate our veteran community. It's also the tail end of Veteran Small Business Week, which, as a veteran small business owner, I'm a fan of. In honor of both, today's guest is a fellow Air Force veteran and small business owner, as she's here to help all of us break into the world of government contracts.

In this episode, Kirstie Fleur shares how to land government contracts for your business and ways to get non-traditional funding to start and run a business.

Kirstie, Founder and CEO of Freedom Fleur, a luxury sustainable clothing brand, has harnessed her identity as a woman, Air Force veteran, and survivor of abuse to create a unique journey of empowerment. She developed The Soul Health Approach™, guiding women toward clarity, purpose, and economic freedom. Freedom Fleur has grown significantly, using non-traditional funding by securing federal contracts and expanding its team. Notably, the Vibrant Pink Eloise blazer received recognition from Fashionista.com and Yahoo Life. The company introduced the emerging FF Social Club community, offering workshops, in-person Freedom Session events, wellness activations, and business training to empower female founders.

The show notes can be found here: https://laceylangford.com/podcast/Landing-Government-Contracts-for-Your-Business

It's the season of tax talk. You're starting to see more and more news and social media posts to begin preparing for tax season. Me included. I recently saw a post on tax gain harvesting and wanted to learn more about what that is and who should be harvesting.

In this episode, Sean Mullaney breaks down tax gain harvesting and how people can use it in their tax planning. We also discuss the importance of going beyond the mentality of tax filing and into tax planning.

Sean is an advice-only financial planner and the President of Mullaney Financial & Tax, Inc. He is the author of the Plutus Award-winning blog FITaxGuy.com on tax and financial independence. He also has a personal finance YouTube channel and published Solo 401(k): The Solopreneur's Retirement Account, a book about his favorite retirement account.

The show notes can be found here: https://milmo.co/podcast/tax-gain-harvesting

Many of us want to make the holidays special but worry about the financial strain that often comes with it. That's because the holiday season sees a big increase in spending on gifts, travel, decorations, and entertainment. There's pressure to buy gifts and make memories for family and friends, which leads to overspending. To make all that happen, it's common for people to rely on credit cards to cover their Christmas and holiday expenses, but after the holidays, many people find themselves with debt.

In an ideal world, you've been saving all year for the holidays, but if not, in this episode, I'm going to break down ways you can prepare in October to have a debt-free Christmas.

If you're thinking about buying a home in 2024, there might be rough water. Whether you're a first-time homebuyer or an experienced homeowner, there are a lot of things to consider before making this important decision and the conditions you make them in.

In this episode, David Ball discusses what you need to know to get ready for home buying in 2024. From the current state of real estate and what it will look like next year to preparing your credit and the mistakes to avoid, David shares things you need to know to make the home-buying process and the biggest investment of your life as smooth as possible next year. The show notes can be found here: https://milmo.co/podcast/home-buying-process-in-2024

Finding financial success on active duty can be difficult. There are a lot of challenges like high cost of living, spouse un and underemployment, and deployments and mobilizations. The good news is there are people and organizations helping, like the Air Force Aid Society.

In this episode, I talk to the former CEO of the Air Force Aid Society, Kaleth Wright, about the financial pain points service members and their families are dealing with and the resources to help.

The show notes can be found here: https://laceylangford.com/podcast/finding-financial-success-on-and-off-duty

We see money messages everywhere we go. There are advertisements on streaming services, billboards, in social media, and even podcasts that encourage us to consume and buy more. Buying more increases our lifestyle, not our wealth. How can we see past all of that each day to find our own financial clarity?

Army Veteran and Certified Financial Planner, Christopher Manske shares the common money illusions were are taught that limit our ability to build wealth and encourage lifestyle creep and how to change our mindset and actions to maximize our wealth instead.

In this episode:

• The common "money illusions" that limit our ability to build wealth
• What lifestyle inflation is and how it impacts wealth
• Systemic issues of advisor quotas and their ramifications
• How the Consumer Price Index (CPI) manipulation leads to underestimated inflation
• Why "pay yourself first" is a trick that enables lifestyle creep
• Why a growth mentality is difficult long-term
• How putting money into savings first can pay off

The show notes can be found here: https://milmo.co/podcast/avoid-lifestyle-creep

Trusts can play a crucial role in helping plan your financial future by providing benefits like avoiding probate or tax efficiency and financial planning strategies like providing for special needs children. But they cost money and can be complicated.

In this episode, Certified Financial Planner Isidore Ogoussan shares what trusts are, how they work, the expense, and who they are for.

The show notes can be found here: https://milmo.co/podcast/trusts-and-your-financial-planning

Saving money on your childcare expenses is getting ready to get easier for service members and their spouses. The new Dependent Care Flex Spending Account is starting soon and can help you save pre-tax dollars to pay for your childcare expenses each year, but how does it all work, and when does it start?

In this episode, Jennifer Walker, a Navy veteran and the Executive Director for Dependent Care Flexible Spending Accounts for the Office of the Under Secretary of Defense (Personal & Readiness), gives us a rundown on everything we need to know about how the program works, who it's for, how much you can save, and a whole lot more.

The show notes can be found here: https://milmo.co/podcast/should-know-about-the-dependent-care-flex-spending-account