337: College is NOT for EVERYONE: Joining the Military & Become Financially Free
BiggerPockets Money Podcast
BiggerPockets
4.6 • 2.9K Ratings
🗓️ 19 September 2022
⏱️ 57 minutes
🧾️ Download transcript
Summary
College isn’t the only option after high school. In fact, it’s not even the best option. Typically, twenty-two-year-olds fresh out of college are launched into the workforce with a lot of debt and little life experience. So how do you enter the workforce debt-free with life experience? Join the military.
Today’s guest, David Pere, is a financially free veteran with 100 rental units, all thanks to his time in the military. He enlisted fresh out of high school in 2008. While he did the usual “stupid young guy stuff” for a few years, once he read Rich Dad Poor Dad in 2015, he decided to get serious about financial freedom. After thirteen years of active duty, in 2021 he was honorably discharged with a net worth of a million dollars.
The military offers various benefits, from the ability to learn trades to getting life experience to its financial advantages. As a service member, you are in an ideal position to become financially free. Your housing and food get paid for, and you have access to government-backed savings plans and loans. You also get tuition assistance for yourself and your family. With all the support and benefits the military provides, you can start building the life you always dreamed of straight out of high school.
In This Episode We Cover
Why the military may be the best option straight out of high school
The various opportunities to start a career through the military
The GI Bill vs. tuition assistance and how to make sure you qualify
The tangible and intangible skills you learn in the military and how they translate into the workforce
The VA Loan, qualifications, and how to get rich with it via house hacks
The TSP and the SDP and how to use them to grow your wealth faster
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Finance Review Guest Onboarding
David’s Site From Military to Millionaire
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Subscribe to The “On The Market” YouTube Channel
Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets
Check Out Mindy’s 2022 Live Spending Tracker and Budget
The (Almost) Guaranteed Way to 31x Your Investments
DIY Your Way to FI with Tinian Crawford
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-337
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Bigger Pockets Money Podcast Show number 337, where we talk about why the |
| 0:07.1 | military is the best job straight out of high school. |
| 0:11.0 | You're not to talk smack about the college world, right? |
| 0:14.2 | But like you take a kid fresh out of college. |
| 0:16.2 | Let's put him in the Harvard MBA program, right? |
| 0:19.0 | Like top tier fresh out of college never had a job before, but this kid is brilliant. |
| 0:24.0 | And you throw him against an infantry guy who's never done a thing in business. |
| 0:29.1 | And I'm not going to say that the Harvard guy won't win, but I will just say that the decision-making |
| 0:33.3 | power and the ability to make those decisions under pressure, you know, you don't know how |
| 0:39.0 | you're going to do until you get into some of those situations. |
| 0:41.3 | And so there's something to be said for being in those kinds of situations that transfers |
| 0:44.8 | into life, right? |
| 0:45.8 | So people crack under pressure. |
| 0:47.4 | It's nice to have an opportunity to learn that before you're playing CEO. |
| 0:51.9 | Hello, hello, hello. |
| 0:52.9 | My name is Cindy Jensit and joining me today is my military expert, co-host David Paray. |
| 0:59.4 | What's up, Mandy? |
| 1:00.4 | How you doing today? |
| 1:01.4 | I, David, I'm doing really good. |
| 1:02.4 | I am so excited to talk to you about all the things. |
| 1:06.7 | But before we do, David and I are here to make financial independence less scary, less |
| 1:11.7 | just for somebody else to introduce you to every money story because we truly believe |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.