Veteran Wealth Secrets

Life insurance innovation is just like innovation in every other aspect of our lives. It’s a new technology, a new financial weapon system, that’s been developed in recent decades. People haven’t been able to figure out how to employ it, especially the financial professionals, because it’s a “bringing your new toys to an old fight” type of approach. But I believe that in the coming decades this new approach is going to become more and more common because of the way the financial system is going to play out and the amount of true risk involved with people’s money―whether it’s the risk of a stock market crash, the risk of taxes going up, the risk of getting sued, the risk of losing jobs, or the risk of just plain not having liquid assets in the right places. 

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As part of our series on personal finance basics for active duty military!

Have you ever struggled with the decision of whether or not to pay your car or house off early?

On the surface, it seems like the right thing to do. You absolutely hate having those monthly payments, and it sure would be nice to get rid of them once and for all, but have you considered the opportunity cost of your decision?

In this session of US VetWealth live, Scott and Trevor discuss the importance of using your greatest resource, time, to your advantage and start creating or building wealth today, instead of putting it off until tomorrow, or next week, or next month, or....get the point?

Today we're going to cover:

-The efficiency of using your $$$ to pay off assets that won't allow you to realize a ROI without leveraging or selling them.

-The opportunity costs of your decision to pay off big-ticket items instead of putting your money to work for you.

-Examples of how powerful of a resource time can be when it comes to creating and building wealth.

Are you ready to break the mold of "the way it's always been done" and realize that the conventional wisdom that's been passed down to you from The Great Depression era isn't so wise anymore?

Come join us every Monday, Wednesday, and Friday at 12PM EST and learn how to start building true autonomy by taking control of your money and your life.

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"Use a deliberate, organized method to gather info from all sources"-Grant Demaree, co-founder, and CEO of Onebrief, an AI-enabled operational, presentation-ready tool for joint rapid military planning. 

Episode Highlights:

• 02:36- Grant went outside of the box in transition 
• 05:13- Knowledge management is mainly a soapbox issue
• 08:51- Auto-create and auto-update outputs that a planning team needs, are the central thing that we do
• 09:37- How does Onebrief’s solution make customers' lives easier?
• 13:07- People's skepticism in software 
• 15:39- Grant's recommendation for transitioning 
• 21:00- Grant’s transition planning 
• 23:15- How to connect with Grant 

3 Key Points:

1. Onebrief offers auto-create and auto-update of outputs, a presentation-ready tool for joint rapid military planning. 
2. In Onebrief , even the largest plans are agile. 
3. Even with skepticism with software, most people are willing to take a demo and give it a shot. 

Quotes:

• “I've seen that people care a little bit about knowledge management, but care a lot about the quality of briefing because they don't rank it as a high priority.I think, no priority is higher than knowledge management.”-Grant Demaree
• “People have the right to be skeptical about software, given that we had 57 years of accumulated failures to solve this problem, but what I found is, most people are willing to take a demo and give you a shot.“-Grant Demaree
• “What makes you operational, whether seeing your forces and the enemy’s forces as a system, is the dominant mode of thinking. “-Grant Demaree

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Get your copy of the Modern Guide to Military & Veterans Life Insurance

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Today we will have a meaningful conversation with Elis Salamone, an entrepreneur, a board-certified Women’s Health Nurse Practitioner, and an Army/Air Force Combat Veteran. She will delve into a deeper meaning of failure and success, the importance of planning, looking at the pros and cons when transitioning, and much more. 

Episode Highlights:

• 04:05- Looking at pros and cons in transitioning  
• 04:35- Don't move for a job, but to a place with a support system
• 12:39- The meaning of failure and its relevance to success
• 13:36- Combating the unconscious biases of being a military woman of color in the civilian world 
• 19:33- Elis is helping people through coaching methodology figure out if entrepreneurship through franchising is the right pivot for them. 
• 22:29- The beauty of franchising 
• 22:44- Veterans are the most successful franchise owners because they know how to follow a system

3 Key Points:

1. When you get out of the military, be careful where you move to, don't move for a job, but move to a place where you have a support system. 
2. Failure is not the end, but it's just another stepping stone to success. Re-engage, pivot, and go in a different direction as you learn from it. 
3. Franchising is a very successful business model where most veterans became successful owners because they know how to follow a system. 

Quotes:

• “When you're transitioning or decide to get out of the military, make sure to look at all the pros and cons and have some sort of plan.”- Elis Salamone 
• “You can't keep on doing the same thing and expect a different result.”- Elis Salamone
• “Failure is a failure if you don't learn from it. It's just another stepping stone to success.”-Elis Salamone 

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Military service members face a unique problem when transitioning from the military that is seriously underrated and under acknowledged by the systems that are set up to help us transition. For many of us during our time and service our rank, our small unit. And probably our command becomes our whole identity as a veteran. 

And you can get. Lost very easily as you take on your military roles and responsibility. It takes a mental effort to hold on to you. So the transitioning out processes. Stress panic and sometimes desperation that a lot of us experience. And that makes a lot of sense to me because it's an identity crisis. 

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In today's episode, we will have Wes Schaeffer, The Sales Whisperer®, a pigheaded entrepreneur who rehabilitates salespeople and trains their managers. He's a reassuringly-expensive copywriter, sought-after speaker, and marketing automation expert. He is the author of 2.5 books on sales, marketing, and CRMs, host of The Sales Podcast, host of The CRM Sushi Podcast, and he will help you grow by mastering the overlooked truth in life that to make any sale, you must make every sale. 

Episode Highlights:

• 02:17- What's life like for Wes these days?
• 03:49 - “To make any sale, you must make every sale” mindset 
• 06:20-  Every little thing in preparation matters in the ultimate sale. 
• 10:39- You don't need a degree, but real-world experiences and dependability 
• 14:55- Invest in additional training through a support group  
• 18:21- The implementors.com weekly group training is the best. 
• 20:26- Invest in yourself as a wealth management strategy. 

3 Key Points:

1. In business, all little steps matter, so to make that ultimate sale, include every detail (e.g. logo, email, social media page, etc.).
2. Real-world experience and dependability are what companies' are buying, not the degree.
3. There are different tactics in every sales environment, so invest in additional training through a support group or someone that's already been there, done that.

Quotes:

• “If I can succeed in that environment, why not just go on my own? “- Wes Schaeffer
• “As a veteran, you already know how to work harder and get the job done, regardless of what obstacles you encounter, and that is what companies will pay for.”- Wes Schaeffer
• “You don't need a degree. Get practical experience, take the online classes at night, then grow.
• “Your real-world experience and your dependability are what they're buying.”- Wes Schaeffer
• “You better invest in additional training, some type of support group to ask questions because as you learn, there are different scenarios. “-Wes Schaeffer
• “Dive in, give until it hurts, and as long as you invest in yourself, it'll always pay dividends.”-Wes

FREE! - Get the First 3 Chapters of Veteran Wealth Secrets

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Rich is a former Army Black Hawk pilot and a West Point graduate turned tech CEO. He is fortunate to lead the team at BlueRecruit, a software platform that connects America's blue-collar skilled workers with the companies desperate for their talent. Let us listen as Rich explains the amazing opportunities in the blue-collar direction. 

Episode Highlights:

• 02:38- BlueRecruit has started as Rich realized that nobody's targeting blue-collar labor. 
• 05:08- 10% of Rich company's job seekers are veterans
• 05:39- Rich in partnerships with community colleges to provide certifications and be more attractive to employers
• 09:42- The concept of implied task
• 13:00- The proper mindset as a veterans go into the new world
• 14:57- The opportunities to steer more in the blue- collar job direction
• 14:57- The opportunities to steer more in the blue-collar job direction
• 18:21- Rich plans to do career counseling in helping blue-collar workers to get through their ranks

3 Key Points:

1. Get rid of the negative connotation about a blue-collar job because there's plenty of opportunities in this direction. 
2. You don't  necessarily need a degree to get a decent job.
3. Blue- collar jobs have many skills that are interchangeable amongst industries. 

Quotes:

• “When you transition from the military to the civilian world, it is not lateral, you're usually taking a step back, but you're going to rely on that experience and then move faster through the ranks.”- Rich Camacho
• “Veterans are the new minority we have to adjust and mold to the civilian culture because no one is doing you a favor in getting a new job.”- Rich Camacho
• “We must stop teaching kids about the negative connotation of a blue-collar job like you're going to be dirty and greasy, and you never make more than $22 an hour. There are plenty of opportunities in this direction to make more. “- Rich Camacho
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How do you feel about your retirement accounts right now, in 2021? Many Veterans are asking us; can you live off military retirement given the current economic circumstances? We believe that now is the ideal time to regain control of your retirement savings, protect them from future market crashes, and position those accounts to avoid ALL future taxes. 

If you are like most veterans, for the past ten years or so you have probably been under the impression that your retirement account was doing great. The economy has been great, your balance has been growing... and then, suddenly, it tanked. People are starting to realize that the economy was not all it was cracked up to be. You may be wondering how bad it’s going to get. 

FREE eBook Veteran Retirement Rescue - Avoid the Coming Retirement Crisis!

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Today we will gain wisdom from CSM Maurice Chaplin of the 8th Theatre Sustainment Command on Fort Shafter Hawaii.

How to overcome the fear of investing … This will be great insight!

Episode Highlights:

• 2:35 Maurice Chaplin as the senior military leader amidst the pandemic. 
• 3:27 The virtual environment in the army. 
• 4:11 The impact of Covid-19 cases in the military upon the shutdown of Hawaii. 
• 6:18 The psychological impact of the pandemic to military. 
• 8:19 The secret on Chaplin’s career. 
• 8:43 Overcome the fear of investing for financial freedom.
• 8:41 The blended retirement plan. 
• 10:10 Chaplin’s wish as a private soldier. 
• 11:21 Giving sense of security to soldiers by educating them about investment. 
• 13:18 The shiny object syndrome in the military. 
• 13:55 The 2 turning points of Maurice Chaplin to say yes to investing.
• 16:21 Chaplin’s creative approach to soldiers in educating them about investment. 
• 18:30 The modern economy and the importance of saving money in the military.  
• 19:38 The financial freedom after retirement. 
• 20:00 Establishing budget. 
• 20:33 The temptation of online shopping and discounts.
• 20:39 Coming out in the military with financial freedom. 
• 23:00 The biggest financial take away from Chaplin.
• 23:30 What’s next for Sergeant Major Maurice Chaplin?
• 24:00 Chaplin as an army is a blessing and privilege to serve.
• 24:15 Three years from now, Chaplin might be seating on the boat fishing or volunteering.
• 25:00 Prepare for your future, take the opportunity and take risk. 

3 Key Points:

• Overcome the fear of investing in financial freedom.
• Learn the difference between wants and needs. 
• Manage possibilities internally and find what fits your family. 

Tweetable Quotes: 

• “To get to that financial freedom, you just have to find what works for you, or even listen, or take some advice from others”- Maurice Chaplin
• “You don’t just wake up, and say, hey! I am the army’s major the next day, or I am the general the next day. It comes with time, it comes with investment, it comes with education.”- Maurice Chaplin
• “It comes the day you leave the military, if you save enough, you might not have to get another job.”- Scott Tucker
• “What’s the point of the (military) discount if you didn’t need the thing. And then, you still spending more money?”- Scott Tucker

FREE! - Get the First 3 Chapters of Veteran Wealth Secrets

Get your copy of the Modern Guide to Military & Veterans Life Insurance

Connect with Scott R. Tucker on LinkedIn!

Today we will gain wisdom from CDR Jarrod H. Smith who’s creating the modern approach to military transition assistance through his amazing program in sending active-duty members back to society as healthy contributing members.

Episode Highlights:

• 5:41- Veteran Wealth Secret definition of wealth.
• 6:42- Service member's mission to transition out of uniform
• 9:44- The three pillars of military life (health, status, and wealth)
• 14:44- The major psychological change in military training
• 15:32- The missing piece in military transition
• 18:39 Issues in starting a business after retirement
• 19:35- The Commissioned Officer's Guide program of Jarrod H. Smith
• 20:11- The reality of veteran suicide crisis
• 22:19- The commissioned officer's god turbo transition tool 

3 Key Points:

1.  Focus on the big M-Mission, have structure and specific tasks that you should do to have slack and flexibility at the transition date.
2. Setting up a business after retirement doesn't happen overnight. It takes time.
3.  Be aware of civilian life to better relate to the community after retirement.

Quotes:

•  “We all need to be ready to return to society to do great things and not get out there and ask for handouts.” -Jarrod H.Smith
•  “No matter how much money, resources, time, and effort I put into this, if I can save one veteran's life, then it's a success.”- Jarrod H.Smith
•  “I believe that it takes 5 years to set yourself up to get this right. If we have a structure, direction, and coach/god holding you to take care of your business throughout the military service then, we can send every active service duty member back to society to be a healthy contributing member.” - Jarrod H.Smith
•   “Until we can get ourselves right and get right with our identities and who it is that we are as core beings without our rank and uniforms is going to be really, really hard.”- Jarrod H.Smith
•   “We need to be real about the veteran suicide crisis, and I believe to the very depths of my being that it is a mixture of poor medical use during service that leads to poor health when we leave, and it's a part of not being financially prepared.”- Jarrod H.Smith
•   “The most important thing a service member can do from a U.S. vet wealth perspective is recognizing today, right now, that they are in a mission to transition out of uniform.”- Jarrod H.Smith

FREE! - Get the First 3 Chapters of Veteran Wealth Secrets

Free eBook & Webinar - The BETTER Survivor Benefit Plan Alternative

Connect with Scott R. Tucker on LinkedIn!