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BiggerPockets Money Podcast

How to Achieve Financial Independence in the Military

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.62.9K Ratings

🗓️ 22 July 2025

⏱️ 68 minutes

🧾️ Download transcript

Summary

In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench, along with guest David Pere, delve deep into achieving financial independence while serving in the military. They discuss the unique advantages of military benefits, such as zero-cost healthcare and housing allowances, and how these can be leveraged to fast-track financial independence. The episode is packed with actionable advice and real-life examples to inspire military personnel to build wealth and achieve financial freedom. This Episode Covers:  Budgeting effectively while enlisted Understanding military pay structures The power of house hacking and live-in flips, and investment strategies tailored specifically for service members. They explore the potential of achieving substantial net worth through disciplined savings and smart investing, even within an eight-year service commitment. And SO much more! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's episode is about options you have to fast track fire while you're in the military.

0:06.5

If you're not in the military, this episode might not be for you.

0:10.2

However, if you know somebody who is active in the military or thinking about enlisting,

0:15.7

please send this episode to them.

0:17.4

We'll be breaking down how unique military advantages from zero-cost health care

0:22.2

to housing allowances can actually get you to financial independence.

0:31.4

Hello, hello, hello, and welcome to the Bigger Pockets Money podcast. My name is Mindy Jensen,

0:35.7

and with me as always is my in-line co-host, Scott

0:39.2

Trench. Thanks, Mindy. There's lean fire, there's barista fai, there's chubby fi, there's fat

0:46.0

but today we're going to be talking about Semperfi. How's that? We're so excited to have David

0:52.9

Paray on today.

0:54.3

Once again, David is a retired Marine Corps soldier turned real estate investor and is the founder of from military to millionaire.

1:00.8

Go check that out if you are interested in finances in the military.

1:05.1

David built a multimillion dollar portfolio while serving full time and now teaches other service members how to achieve financial independence through real estate. David, thank you so much for coming on the Bigger Pockets Money

1:14.1

podcast today and assisting me. I am no expert on the intricacies and the details and the realities

1:19.2

and the challenges that are specific to soldiers' life. This is a hypothesis, a potential plan

1:24.0

for consideration for enlisted soldiers, and we are so delighted to have you helping poke holes in it corroborate or agree with me whenever I happen to accidentally be right in my approach here. David, welcome to Bigger Pockets Money. Thank you, Scott, for having me. I should probably clarify, for whoever wrote your notes, I was enlisted, and I didn't technically get to retirement. I got to a financial point where I was able to just walk at 13 years. But that being said, I did 15 years if you count the reserves and I know a thing or two about the military.

1:50.8

Thank you for coming on today. And just to preface this, this is a presentation I've prepared. I am very passionate about the armed services and trying to help the soldiers and the fire community move toward

2:02.1

financial independence. I have given some talks at military academies, actually twice at the U.S.

2:07.4

Naval Academy, talking about how the students there, the midshipmen, can go on during their

2:14.0

careers and emerge from their five-year post-graduation service commitment with as much

2:18.7

wealth and optimality as possible. And so today, I've taken that presentation and I have repurposed

...

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