Getting out of the military can be an exciting and daunting time mixed into one. In addition to starting new careers, potentially moving to a new location, and shifting your identity away from service member, there are VA disability compensation, military retirement pay, and tax planning to conquer.

In this episode, Curt Sheldon a former fighter pilot and highly respected financial expert, dives into the essential financial and tax considerations for service members and veterans navigating VA disability compensation and military retirement. Curt explains the key differences between VA disability compensation and military retirement pay, breaking down how programs like Concurrent Retirement and Disability Pay (CRDP) and Combat-Related Special Compensation (CRSC) work together. Plus he sheds light on the little talked about Strickland Decision. https://milmo.co/podcast/va-disability-and-military-retirement

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The unexpected is not limited to financial markets. Life is full of surprises, ranging from mildly annoying mistakes or mishaps to life-altering crises. While we can't predict all of our life's twists and turns, we can be proactive to shield ourselves from major fallout. This protective buffer is better known as a margin of safety. It's a concept often talked about as it relates to investing, but margin of safety can be applied throughout our lives as a cushion to protect our well-being and quality of life.

In this episode, I'm sharing what a margin of safety is, why it's essential, how to create it across different areas, not just investing, and common mistakes to avoid.

https://milmo.co/podcast/protect-your-family-with-a-margin-of-safety

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Building the infrastructure of a business from the ground up isn't for everyone, but starting a business doesn't always mean you have to start from scratch.

In this episode, Bryan Park shares how he transitioned from military life to building a nationwide flooring business. He talks about the importance of integrity in business, navigating challenges with resilience, and why the trades are a path worth considering for financial success.

Bryan Park is the Founder and CEO of Footprints Flooring, a flooring installation company with over 150 territories in the U.S. Bryan grew up in south Denver. He attended the Air Force Academy. Like most people who serve, Bryan's military experience strengthened his belief in and commitment to integrity, duty, and leadership.

Bryan serves on the Board of Directors for the National Wood Flooring Association. Under his leadership, Footprints Floors has been recognized as one of the fastest-growing franchises in America by Entrepreneur magazine. https://milmo.co/podcast/trades-are-a-smart-career

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Compounding is hailed as the secret sauce to financial success, and it is, but its power goes far beyond money. Whether networking or nurturing relationships, achieving personal goals, or growing your career, the power of compounding in life and money works its magic over time—for better or worse. The choices we make daily, no matter how small, stack up like blocks to shape the trajectory of our lives—especially its quality.

In this episode, I'm talking about how compounding can be a force for positive change and how negative compounding can derail our progress.

https://milmo.co/podcast/compounding-in-everyday-life

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It's that time. The sun is setting on 2024. Did your year go as planned? Did you do all the things you wanted? Sometimes things don't go according to plan and sometimes we don't do what we said we would do. If we want a different result we have to take different action in 2025.

In this episode, I'm talking about having the guts to go after what you want in the new year. Letting go of fear, stopping worrying about what others think, and finally taking steps toward reaching your goals.

https://milmo.co/podcast/guts-to-go-after-what-you-want-in-2025

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Merry Christmas and Happy Holidays to you and your family. The holidays are here, and I hope your's are filled with peace and joy. Traditions are a big part of holidays and special events. They are things built over time, sometimes with great intention, and other times start with special moments that are continued each year.

In this episode, I'm sharing some of my holiday traditions and my gift for you.

https://milmo.co/podcast/happy-holidays-2024

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Starting a podcast can be exciting, but turning it into a business that actually makes money? That's where many podcasters hit a wall. It's tough to find your niche, attract sponsors, and figure out how to make your show financially sustainable—all while keeping your passion alive.

In this episode, we dive into Joe Crane's journey—from discovering podcasts on motivational CDs to creating his own show that connects veterans with resources, inspiration, and community. He shares actionable advice on finding your niche, monetizing through sponsorships and services, and why hiring a mentor or coach can be a game-changer. You'll also hear about the lessons he's learned along the way, including the importance of focusing your time and resources on what really matters.

Joe Crane retired from the Marine Corps in 2013 after 24 years of service. He was an AH-1W Super Cobra attack helicopter pilot and completed two combat flying tours in Iraq. Joe is now an airline pilot and host of the Veteran On the Move podcast. Veteran On the Move empowers veterans and their family's through entrepreneurship by introducing them to successful entrepreneurs from the military community through thoughtful and meaningful podcast interviews.

https://milmo.co/podcast/creating-a-podcast-and-growing-into-a-thriving-business

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Tax season is coming—are you ready? Whether you're dreading it, putting it off, or just plain confused, you're not alone. But what if, this year, you could tackle your taxes with confidence and maybe even save some money along the way?

In this episode, Paul Allen and I are diving into things you need to know to prepare for tax season 2024. We cover people's most common questions about taxes and tips for preparing for filing. Plus, I revisit my favorite tax question, which I would like to ask Paul. Can I deduct my hair and makeup expenses?

Paul retired from the US Navy in 2010. Is now a Founding Member of PIM Tax Services, APFORIA, the Military Financial Advisors Association, and the Military Qualified Financial Planner Certification Program. Paul holds an MA in Financial Planning and Law, is an enrolled agent of the IRS, and holds the CFP® and MQFP® certifications.

https://milmo.co/podcast/prepare-for-tax-season-2024

01:06 Preparing for Tax Season 2024 03:59 Understanding Business Expenses 12:53 Tax Deductions and Record-Keeping 18:13 Handling Tax Mistakes and Changes 20:49 Maximizing the Clean Vehicle Credit 21:44 Understanding the 1099-K Form Changes 23:40 End-of-Year Tax Planning Tips 24:36 Military Spouse Taxation Issues 27:20 Preparing for Tax Season 28:01 Quickfire Questions and Recommendations 31:10 Fun Fact or Fiction Game 34:50 Conclusion and Resources

The holiday season is a time for joy, connection, and celebration, but it's no secret that it can also be incredibly stressful—especially for military families. The stressors can pile up quickly between tight budgets, work responsibilities, and the added challenge of spending holidays apart from loved ones due to deployments or just being stationed far from family. All the stressors can lead to making financial decisions that will come back to haunt you in the new year or for years to come.

In this episode, I'm sharing the biggest holiday stressors and practical tips you can implement to save money, manage your time, and enjoy your holidays the way you want.

https://milmo.co/podcast/tight-holiday-budget 00:47 Welcome to the Mill Mo Show 01:46 Personal Holiday Stressors 03:04 Biggest Holiday Stressors and Solutions 04:03 Financial Strain and Budgeting Tips 05:20 DIY and Second-Hand Gifts 08:14 Travel Strain and Tips for Military Families 11:41 Time Management During the Holidays 14:38 Family Dynamics and Setting Boundaries 17:12 Combating Loneliness and Grief 18:40 Conclusion and Final Thoughts

It's hard to believe we are winding down Veteran's Appreciation Month and rolling into the holidays. Before we know it, it will be the new year. A new year is a great time to set yourself up for success all year long. But, a new year also means the beginning of a new tax season.

Even though we know it's coming, it can be a dreadful time of the year for people. I'm bringing back a popular episode on a topic to help us all have a can-do attitude and get mentally prepared for tax season.

Here is the encore airing of The Tax Reality Every Veteran Needs to Know with Matt Stephens.

https://milmo.co/podcast/tax-reality-every-veteran-needs