What You Need to Become a Military Millionaire Next Door
Do you know a millionaire? If you said no, you’re probably wrong. According to a 2021 report by Credit Suisse, there are almost 22 million millionaires in the U.S. That means you probably know a millionaire or two and they may even be in your neighborhood.
In this episode, I’m talking with Brian O’Neill, CFP and Air Force veteran about the actions you can take to start working towards millionaire and financial independence status.
Brian retired in 2020 after 23 years of flying the F-16, F-35, and commanding up to the Group level.
Brian began the path to become a CFP mid-career and started his firm in January 2021. As a fee-only fiduciary, Brian’s focus is on military pilots but helps families across the military and veteran community.
He is part of the VA’s Beneficiary Financial Counseling Services program and works with survivor families as well. Separate from his firm, Brian moderates a private Facebook group called “Fighter Pilot Finance” with over 1,000 members.
Brian will also be speaking at #MilMoneyCon22 in April.
Thank you!
Support for the Military Money Show is provided by Navy Federal Credit Union. Navy Fed has multiple savings and investing options to help you get closer to your financial goals. With them, you can automate your savings and investings to put your money to work for you. Learn more at navyfederal.org.
Military Millionaire Next Door Episode Details
- Who is the millionaire next door
- Common financial struggles of military families
- Habits of successful families
- Get started early in your career
- Advantage of BRS and tax efficient investing
- Considerations for single income families
- Brian’s thoughts on real estate investments
- Investing for military spouses
- Focus on your why
- Have money conversations
Related: How to Make the Traditional vs. Roth TSP Decision
Military Millionaire Next Door Resources
More Podcast: Tips to Start Preparing for Retirement
MilMoneyCon
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Disclosure
These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion.
If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.
