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E65 - How To Manage Your Money While Active Duty
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Military to civilian transition is a challenge in itself. Finding a career and managing finances further complicate the process. Financial literacy is critical for anyone, but it is especially important for veterans who may be used to a certain lifestyle and need to adjust to civilian salaries. In what ways can veterans overcome these challenges and successfully transition into a new chapter of their lives?
In today’s episode of the Expert(ish) Podcast, our guest, Lacey Langford talks about what motivates her to help veterans and active-duty military service members with their finances, why financial education is important when transitioning out of the military, and why MilMoneyCon is a conference not to be missed.
Lacey Langford is a U.S. Air Force veteran, military spouse, speaker, and a financial coach who changes people’s lives from being fearful of money to having control and confidence with it. She is the Founder of The Military Money Expert, which specializes in financial coaching for the U.S. service members and their families. Lacey is also the creator and host of The Military Money Show, the podcast that helps U.S. Service Members, Veterans, and their spouses make, save, invest and spend money wisely.
Also, if you are interested in the financial careers or if you have a service that could be helpful to financial professionals from the military community, don’t forget to sign up to the MilMoneyCon, a national conference focused on bringing together military and financial professionals.
Enjoy!
If you are looking for an inexpensive and super convenient healthcare option, check out SkillMil Telehealth Services. It's a program that works well as a supplement to VA health care.
Simply click on telehealth services on their website, fill out the basic info, and use the referral code Expert(ish) Podcast in the dropdown menu to get started.
In This Episode
02:48 - The impact of transitioning from military to civilian life on personal identity
08:22 - What drives Lacey to help and educate veterans and active-duty personnel in the financial area
15:41 - What Lacey wished she had done in her younger years regarding investing
17:19 - Why finding the right people for a job is important for any business
19:34 - MilMoneyCon: Why it's a conference to be looked forward to
31:04 - The shocking truth about how taxes work outside of the military
37:31 - How Lacey put things together to run a conference
Favorite Quotes
10:40 - "So thinking about having a financial cushion a little bit more so as a military family or a service member I think is really important so that you can not only be prepared for obstacles or challenges that come but also opportunity." - Lacey Langford
03:02 - "I don't think a lot of people realize getting out of the military that some you might struggle with. Not only for the service member but even as a military spouse that becomes part of your identity, that you are a military spouse. So, it's an adjustment." - Lacey Langford
16:32 - "I completely agree with you (Jay) about education because if you don't know it (investing), you're scared of it, the fear of the unknown. But once you get a little bit of knowledge, it's the power to take action and to get more comfortable with it." - Lacey Langford
21:05 - "MilMoneyCon is an opportunity for everybody to come together, to connect into a network, to help with, and build careers which I feel very passionate about. If you are a service member, getting out and wanting to join that profession, this will be a community where people can lift you up and get you where you need to be a lot quicker." - Lacey Langford
Engage with Lacey Langford
The Military Money Expert Website
Connect with Expert(ish) Podcast Host JAY JOHNSON
Call (858) 925- 4536
Listen to more episodes of the Expert(ish) Podcast
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