Before We Invest

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Before We Invest

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vid_beforeinvest.jpgMacho Money Investing 101 is a video series based on the fundamentals of investing. These videos will discuss many different types of investment accounts, some basic investment philosophies, and offer advice on how to find the right financial planner to fit your needs. Investing is a risk we take to build financial wealth, and even though the level of risk varies from one military family and investment to another, there will always be an opportunity to lose money. Anyone remember 2008? So before we begin investing our hard-earned cash, we really should have our basic life needs covered just in case something goes wrong. In this video, Certified Financial Planners, Scott Halliwell and JJ Montanaro, discuss what anyone's first steps to investing should look like.  Wrestling with the idea of cutting money from your budget to build a savings account?  Below is some great advice from both JJ and Scott on why it's important to have some cash readily available in a savings account.


"Bad things don't just happen to bad people, they happen to all people. And when those things involve money, one of the best ways keep them from burying you in debt is to have money in the bank. Granted, you won't earn much on your savings in this interest rate environment but that doesn't matter. These aren't your 'get rich' dollars, they're your 'don't get poor' dollars." - Scott Halliwell, USAA Certifified Financial Planner.

“Occasionally, there are times when we all need a little breathing room. Whether it's some time away from work, a weekend away with our spouse, or from a financial perspective a cash cushion to insulate us from the unexpected. By saving on a consistent basis, you can create that cash cushion.” - JJ Montanaro, USAA Certified Financial Planner.

See also...

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Air Force Male Military Spouse - What Do You Guys Do For Fun?

Taurus James Fishing Male Military SpouseUS Air ForceMy name is Taurus James and I've been a male military spouse (Air Force) for 15 years. I'm well aware of the many challenges in this way of life. Many of the challenges are serious in nature and I'm glad to connect with others and help tackle the issues.

However, you gotta have something you do that you really enjoy. That's what I'm trying to find out. As a male military spouse, what do you do for fun?

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New Army Study - Seeking Male Military Spouses

ArmySpouseLogo.jpgI have focused the last 10 years of my career as a research psychologist on trying to better understand the needs, struggles, and success of military couples and families. I've worked with hundreds of couples, given numerous presentations, published several articles, received multiple research grants … yet it is quite clear to me that in some ways, I have failed in my efforts.

To give some background, I began my first academic position in 2005. Given all that was happening at that time, I wanted to give back in some way to service members and families who give so much of themselves in service of our country. As a civilian, I saw two main ways of being able to actively engage in this. One was to volunteer when I was able. The second way was to find a way to build this commitment to military families into my everyday life.
For me, the second approach – folding my efforts into the very fabric of my life – was the way to make a sustained commitment over time. That is when I set about trying to connect my everyday work as a clinical psychologist and researcher to helping this unbelievably deserving group of people. I took my expertise in research on couples and anxiety, and applied it to researching the experiences of military couples, with the goal of learning how best to help those couples when they struggle.



 

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