Starting a non-profit after military service is an option some aren’t aware of. Creating your own non-profit to do the work you love and to help others is an opportunity you can take if you prepare.
My guest, Mike Steadman, the Founder & CEO of IRONBOUND Boxing & Education did just that. Mike, a three-time National Collegiate Boxing Champion from the United States Naval Academy and Marine Corps Infantry Officer, started a nonprofit organization based in Newark, NJ that provides free amateur boxing training, entrepreneur education, and employment opportunities for Newark youth & young adults.
Mike shares his story of getting started in boxing, the steps he took to start a non-profit, and tips to help you start a nonprofit and mistakes to avoid.
Support for the Military Money Show comes from Navy Federal Credit Union. Buying a car or a truck is a big purchase. Before you make the investment, there are lots of things to consider, like down payments, interest rates, and your payment schedule. Navy Federal makes it simple for members with their fast and easy auto loan process. You can also use their auto loan calculator to estimate your monthly payments and interest rates to help you make a decision. To learn more visit NavyFederal.org.
Related: The Best Way to Build Credit
Further reading: What is an ETF and Why They’re Important in Investing
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If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.