005 What Accounts Do I Need? The Four Accounts to Open Today

Finally saving money, but it's all just sitting there in a USAA Checking Account? Can't tell which dollar is for bills and which is for savings? Unsure with what steps to take next to start investing?

Now that you're armed with the knowledge of what your target savings rate should be, how you can achieve that target (40%!) with budgeting, and how you can fit your lifestyle into that budget by smashing major expenses (housing, cars) instead of worrying about the fun stuff, you need to start organizing your funds and putting your money to work.

This week you'll learn about the Core 4 accounts everyone in the military needs to take control of their money and start investing. In today's episode, you'll learn:

• Why you need a brokerage account to invest and can't just get by with your TSP
• How to select the right account for your Emergency Savings Fund
• What to do with old or redundant accounts: close them or keep them?

You'll also learn a few tricks to managing your money that can help you achieve all your financial goals, and avoid saving too much in the wrong place. You'll also learn what to do if you really can't trust yourself to save and not spend, and how having more than one checking account can allow you to pay yourself an allowance for enjoying life today without putting a dent in your financial future.

For a limited time, the first 100 subscribers to pre-order our mini-course, "Financial Freedom in the Military" will get FREE access to the course when it launches (coming in JULY)!!! Sign up here: https://www.militarywealthcoach.com/joinus

For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.