7 Levels of Wealth for Military Families | Everyone Starts Somewhere #176

Are you just trying to survive financially? Or are you on your way to building a lasting legacy?

Discover the 7 levels of wealth adapted for military life and learn how to move from paycheck-to-paycheck living to financial freedom and abundance! This isn't about rank or time in service – it's about intention and systems.

This episode is inspired by Ramit Sethi's video on the seven levels of wealth, viewed through a unique military money lens.

The levels aren't tied to rank or experience; a junior service member could be ahead of a senior one. Everyone starts somewhere, and there's no shame if you're not at the final step yet.

The Seven Levels of Wealth (with a military twist):

• Levels 1-2: Beginner's Mindset

  • Level 1: Survival
  • Level 2: Stability

• Levels 3-4: The Boring Middle

  • Level 3: Security
  • Level 4: Growth

• Levels 5-7: The Advanced Phase / Financial Freedom

  • Level 5: Freedom
  • Level 6: Abundance
  • Level 7: Legacy

Links mentioned today:

• Dave Ramsey's The Total Money Makeover
• YNAB app (military discount)

For a limited time, Spencer is offering one-on-one Military Money Mentor sessions! Get your personal military money and investing questions answered in a confidential coaching call.

Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email [e-mail].

If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

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Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.