Taking small steps to financial independence can have a big impact on your retirement. Many people talk about F.I.R.E or financial independence, retire early. But what are the steps you should take to get there? And does F.I.R.E look the same for everyone?
In this episode, my guest, Doug Nordman shares the steps you can take to F.I.R.E., how to handle debt in the process, and how to leverage your military benefits to achieve financial independence faster.
Doug served for 20 years of active duty in the U.S. Navy’s submarine force and retired in 2002 at the age of 41. He and his spouse, a retired Navy Reservist, reached financial independence in 1999 on a high savings rate.
He’s the author of “The Military Guide To Financial Independence And Retirement” and founder of The-Military-Guide.com. With his daughter Carol Pittner, he’s the co-author of “Raising Your Money-Savvy Family For Next Generation Financial Independence” through ChooseFI Media.
The Military Money Show is supported by Navy Federal Credit Union. Veterans Day is this week. It’s an important day to celebrate those who took the oath to support and defend. Support for the veteran community is every day at Navy Fed. They offer veteran employment assistance partnerships with nonproﬁts like U.S. VETS and personal ﬁnance counseling. To learn more about the resources and support they provided to veterans, visit navyfederal.org/veterans.
More Podcast: How to Raise Your Family Money Savvy
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