MILMO Show
307 episodes - English - Latest episode: 5 days ago - ★★★★★ - 58 ratingsThe MILMO Show is all about military money and entrepreneurship. It's everything you need to know about making, saving, and investing money wisely. Lacey Langford, AFC, interviews inspiring guests about personal finance, entrepreneurship, investing, life in the military, and more.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
Investing in Your Body's Wealth
April 15, 2024 05:00 - 42 minutes - 29.3 MBSpending less than you make and saving money is part of building wealth. It’s wealth for your future self. Building wealth takes commitment and sacrifice to have a good quality of life in the future. But will you be around to see it or have the physical capability to enjoy it? In this episode, David Frost will discuss the importance of maintaining muscular strength as we age, explaining why he considers it the "cornerstone of a healthy physical bank account." He'll share practical tips for...
Bookkeeping for Small Business Owners
April 08, 2024 05:00 - 42 minutes - 29.7 MBBeing a small business often means you wear many different hats, including bookkeeper. Whether you're a numbers person or not, proper bookkeeping is crucial for making informed business decisions, filing taxes accurately, and, if you need it, securing financing down the road. In this episode, Alise Jackson breaks down the importance of good bookkeeping, best practices, and common mistakes to avoid. From organizing your receipts to choosing the right bookkeeper, we discuss everything you ne...
An Early Harvest for Money
April 01, 2024 05:00 - 7 minutes - 5.27 MBWe've had a record-warm winter this year, and now that it's spring, things are really starting to bloom—including our beloved money trees. But while the lack of frigid temperatures has been nice, these dryer conditions may come at a price—an early harvest. In this episode, I’ll discuss how a warmer winter could impact money tree yields and the ramifications for the economy and our budgets, as well as what we can all do to help the situation. The show notes can be found here: https://milm...
Military Financial Perks and Travel Benefits
March 25, 2024 05:00 - 24 minutes - 16.9 MBOne of the major perks of serving in the military is the opportunity to travel and experience different parts of the world. However, deployments and assignments often determine the destinations rather than personal travel bucket lists. But that doesn't mean you can't explore the places you've always dreamed of visiting, and even better, you can do so while saving money thanks to the many financial and travel benefits that come with military service. In this episode, Chelsey Thomas, a milit...
The Skinny on MilMoneyCon24
March 18, 2024 05:00 - 36 minutes - 25.7 MBMilMoneyCon is my true passion project - a calling to bring financial professionals together to solve problems, support each other, and uplift our community. I feel that when we unite, we create a stronger financial force, leading to a more resilient military and veteran force. In this episode, I'm excited to give you a sneak peek into MilMoneyCon this year. I'll cover Denver, our host city, the hotel, special events, and what you can expect to get out of the conference. The show notes...
Networking: Why You Need It and How to Do It
March 11, 2024 05:00 - 29 minutes - 20.5 MBNetworking can feel like finding a needle in a haystack. Whether it's finding a trusted babysitter or landing your dream job, connecting with the right people can be a game-changer. As I gear up for MilMoneyCon, I've been reflecting on the power of networking and what it means to different folks. At its core, networking is about making connections that help fulfill needs and goals. It's a crucial part of careers, businesses, and life in general. In this episode, I'm pulling back the curtai...
What’s Your Money Mood?
March 04, 2024 06:00 - 12 minutes - 8.78 MBLet's talk about financial moods, figuring out where you’re at, what you’re looking for, and aligning your mood with what you’re seeking. The show notes can be found here: https://milmo.co/podcast/your-money-mood
Are You Controlling What You Can With Money
February 26, 2024 06:00 - 13 minutes - 9.42 MBIn this episode, I’m going to go about how taking control of your situation is often the key to finding peace and can lead to success or at least feel like you’re in control and captaining the ship that is your life. I’m also going to go over how to focus on controlling what is controllable in your finances. The show notes can be found here: https://milmo.co/podcast/Controlling-What-You-Can-With-Money/
What’s Your Trash Worth
February 19, 2024 06:00 - 18 minutes - 13 MBIn this episode, I’m going to go over getting control of wastefulness in your household and simple steps you can take to reduce the amount of money you spend on groceries to keep your food spending from climbing more than it already has. We’re also going to have a heart-to-heart about leftovers. The show notes can be found here: https://milmo.co/podcast/whats-your-trash-worth
Improving the Quality of Life for Service Members
February 12, 2024 06:00 - 35 minutes - 25 MBMore than ever before, quality of life for service members, veterans, and their families is a priority for military leaders. One of the top factors that can make or break the quality of life for members of our community is their financial situation. In this episode, the former Sergeant Major of the Army, Tony Grinston, is here to talk about the latest resources available through Army Emergency Relief to help improve service members' and their families' quality of life. The show notes c...
The Business of Ghostwriting
February 05, 2024 06:00 - 30 minutes - 21.3 MBEarning money as a writer is something many aspire to. When people think of becoming a writer, they often think about Steven King or J.K. Rowling, but there’s another type of writing that can be a business for you and make you money. It’s the business of ghostwriting. In this episode, Navy veteran and professional ghostwriter Steven Leapley shares how he broke into ghostwriting, how he gets clients, and how you can get started in the business. The show notes can be found here: https://...
{Encore} How To Create Work You Love
January 29, 2024 06:00 - 52 minutes - 36.3 MBIn honor of Dan Miller, I’m bringing back an episode on a topic I think is even more powerful at this moment: creating work you love. Here is the encore airing of How to Create Work You Love with the amazing Dan Miller I hope it inspires you to get after creating a work and a life you love. Show notes can be found here: https://milmo.co/podcast/how-to-create-work-you-love
Military Retirement Calculators, Services, and Resources
January 22, 2024 06:00 - 45 minutes - 31.9 MBGetting ready for a military retirement can feel like a part-time job. There’s a lot to learn and get done years in advance of your final out. Waiting until the last minute to prepare can lead to mistakes, stress, and potentially getting less money than you’re owed in disability. In this episode, Mark Overberg shares news on the new military medical retirement calculator and resources to help prepare you for retirement. He also busts some divorce and retirement pay myths and breaks down t...
The Impact Our Money Thoughts and Feelings Can Have
January 15, 2024 06:00 - 49 minutes - 34.3 MBLike it or not, money makes you feel a certain way. Do you know what your thoughts and feelings about money are and how they weave into the areas of your life, like relationships and work? In this episode, Dr. Meghaan Lurtz shares how we can bring awareness to our thoughts and feelings about money to reach our financial goals. Dr. Lurtz, is a writer and Senior Research Associate with Kitces.com, a financial planning blog. She’s a Professor of Practice at Kansas State University, where ...
My New Name and More
January 08, 2024 06:00 - 19 minutes - 13.8 MBI’m breaking down what I envisioned for my new brand name and what’s coming. Plus, I’m sharing some of my insights and observations about entrepreneurship. The show notes can be found here: https://milmo.co/podcast/my-new-name-and-more/
{Encore} The Habits to Practice to be a Happy Retiree
January 01, 2024 06:00 - 41 minutes - 28.7 MBWhat you do right now can have a positive impact for your future self. The planning and actions you take now can mean a better retirement for you and your family. But what should you be doing and when? In this episode, I talk with my friend and fellow podcaster, Wes Moss, about habits you can practice right now to become a happy retiree.
A Reminder of What’s to Come
December 25, 2023 06:00 - 8 minutes - 6 MBIn this episode, I'm going to talk about who creates a lasting impact on your kids and the future. Show notes can be found here: https://laceylangford.com/podcast/whats-to-come
What Happened and How It’s Changing My Business
December 18, 2023 06:00 - 11 minutes - 8.38 MBIn this episode, I’m going to tell you what happened to me, the lessons I learned from my experience, and how it’s changing my business. The show notes can be found here: https://laceylangford.com/podcast/changing-my-business
Why You Must Appoint an Executor to Your Estate
December 11, 2023 06:00 - 26 minutes - 18.9 MBGetting a will is something talked about quite frequently in the military. They won’t let you deploy without one. But have you given thought and consideration to who you select as your executor and the dynamics of your family members after your death? In this episode, Certified Executor Advisor (CEA) David E. Edey makes the case for why everyone needs to appoint an executor and what it can cost if you don’t. Show notes can be found here: https://laceylangford.com/podcast/appoint-an-exe...
No Cost Financial Planning for Active, Guard, Reserve and Veterans
December 04, 2023 06:00 - 30 minutes - 21.2 MBFree financial counseling is offered to the military community but no-cost financial planning is new, thanks to a program called Advisors Give Back. In this episode, financial adviser and veteran, Garrett Dearden shares a free new resource that can help you with your finances. We talk about: What Advisors Give Back is and how it works How it’s different from financial counseling Who can use it The top financial struggles advisors see in the military community Garrett volunteers...
Deciding to Use the DCFSA, Dependent Care Credit, and Divorced Parents
November 27, 2023 06:00 - 40 minutes - 28.3 MBEnrollment for the new Dependent Care Flex Spending Account is now open until December 11th, 2023. According to the Office of Financial Readiness, the DCFSA is a pre-tax account used to pay for eligible dependent care services such as child or adult day care. If you have kids, you know childcare costs can break a family’s budget and determine a military spouse's ability to work or go to school. Using the DCFSA to save for your childcare expenses can help, but how do you know it’s right for y...
Teaching Financial Literacy to Your Kids Without Your Baggage
November 20, 2023 06:00 - 42 minutes - 29.6 MBWhat are you planning on passing down to the next generation? People often focus on things like money, furniture, or jewelry, but what about financial knowledge? Teaching your kids financial literacy now can help them have financial success long after you’re gone. In this episode, Jasmine Paul shares why it’s important to teach your children financial literacy early, how to do it, plus how you can improve your own financial literacy along the way. Jasmine is an award-winning children's...
Financial Support and Resources for Veterans
November 13, 2023 06:00 - 31 minutes - 28.4 MBThere are many resources to help active-duty service members and their families with money, but in the past, veterans haven’t had the same resources to help them with personal finance. But great news, that is changing. In this episode, Accredited Financial Counselor Heath Carelock shares the financial resources available to veterans through a newly launched VetCents. This private and public partnership stood up to help veterans get the education and personalized financial help they need. ...
Landing Government Contracts for Your Business
November 06, 2023 06:00 - 40 minutes - 28.5 MBHappy Veteran’s Appreciation Month! It’s that time of year to celebrate our veteran community. It’s also the tail end of Veteran Small Business Week, which, as a veteran small business owner, I’m a fan of. In honor of both, today’s guest is a fellow Air Force veteran and small business owner, as she’s here to help all of us break into the world of government contracts. In this episode, Kirstie Fleur shares how to land government contracts for your business and ways to get non-traditional ...
What and How to Use Tax Gain Harvesting
October 30, 2023 05:00 - 32 minutes - 22.6 MBIt's the season of tax talk. You’re starting to see more and more news and social media posts to begin preparing for tax season. Me included. I recently saw a post on tax gain harvesting and wanted to learn more about what that is and who should be harvesting. In this episode, Sean Mullaney breaks down tax gain harvesting and how people can use it in their tax planning. We also discuss the importance of going beyond the mentality of tax filing and into tax planning. Sean is an advice-onl...
Funding a Debt-Free Christmas and Holidays
October 23, 2023 05:00 - 11 minutes - 8 MBMany of us want to make the holidays special but worry about the financial strain that often comes with it. That’s because the holiday season sees a big increase in spending on gifts, travel, decorations, and entertainment. There’s pressure to buy gifts and make memories for family and friends, which leads to overspending. To make all that happen, it's common for people to rely on credit cards to cover their Christmas and holiday expenses, but after the holidays, many people find themselves ...
Preparing for the Home Buying Process in 2024
October 16, 2023 05:00 - 41 minutes - 28.6 MBIf you’re thinking about buying a home in 2024, there might be rough water. Whether you're a first-time homebuyer or an experienced homeowner, there are a lot of things to consider before making this important decision and the conditions you make them in. In this episode, David Ball discusses what you need to know to get ready for home buying in 2024. From the current state of real estate and what it will look like next year to preparing your credit and the mistakes to avoid, David shares...
Finding Financial Success On and Off-Duty
October 09, 2023 05:00 - 38 minutes - 27 MBFinding financial success on active duty can be difficult. There are a lot of challenges like high cost of living, spouse un and underemployment, and deployments and mobilizations. The good news is there are people and organizations helping, like the Air Force Aid Society. In this episode, I talk to the former CEO of the Air Force Aid Society, Kaleth Wright, about the financial pain points service members and their families are dealing with and the resources to help. The show notes can...
How to Maximize Wealth and Avoid Lifestyle Creep
October 02, 2023 05:00 - 38 minutes - 26.8 MBWe see money messages everywhere we go. There are advertisements on streaming services, billboards, in social media, and even podcasts that encourage us to consume and buy more. Buying more increases our lifestyle, not our wealth. How can we see past all of that each day to find our own financial clarity? Army Veteran and Certified Financial Planner, Christopher Manske shares the common money illusions were are taught that limit our ability to build wealth and encourage lifestyle creep an...
Trusts and Your Financial Planning
September 25, 2023 05:00 - 35 minutes - 32.7 MBTrusts can play a crucial role in helping plan your financial future by providing benefits like avoiding probate or tax efficiency and financial planning strategies like providing for special needs children. But they cost money and can be complicated. In this episode, Certified Financial Planner Isidore Ogoussan shares what trusts are, how they work, the expense, and who they are for. The show notes can be found here: https://laceylangford.com/podcast/Trusts-and-Your-Financial-Planning
Everything You Should Know About the Dependent Care Flex Spending Account
September 18, 2023 05:00 - 28 minutes - 20.1 MBSaving money on your childcare expenses is getting ready to get easier for service members and their spouses. The new Dependent Care Flex Spending Account is starting soon and can help you save pre-tax dollars to pay for your childcare expenses each year, but how does it all work, and when does it start? In this episode, Jennifer Walker, a Navy veteran and the Executive Director for Dependent Care Flexible Spending Accounts for the Office of the Under Secretary of Defense (Personal & Readi...
How to Manage Multiple Businesses Effectively
September 11, 2023 05:00 - 43 minutes - 30.5 MBArmy veteran and serial entrepreneur Adam Bird shares strategies for effectively managing and growing multiple businesses. Adam discusses his journey from the military to becoming the founder of three successful companies in three different industries. Adam's memory of where he was on 9/11 and the immediate effects His motivation for becoming an entrepreneur after leaving the military Tips for having effective business partnerships and dealing with conflict The importance of having a ...
{Encore} The Steps to Financial Independence Retire Early (FIRE)
September 04, 2023 05:00 - 47 minutes - 32.8 MBThe state of the economy has everyone feeling the squeeze. It’s not a great feeling and may have you thinking of ways to work your finances. One of those ways could be becoming part of the FIRE movement or Financial Independence Retire Early. Or just part of the Financial Independence movement. I thought now might be a good time to bring back a special episode I did with Doug “Nords” Nordman on F.I.R.E to get you inspired. In this episode, we cover: History and evolution of the F.I.R....
Preparing Your Finances for the Student Loan Repayment Restart
August 28, 2023 05:00 - 14 minutes - 10 MBThe sun is setting on the student loan payment pause. On September 1, 2023, interest will once again start accruing on your student loans. Payments will restart sometime in October. It’s been a hot minute since many people’s budgets have included student loan payments. For many, preparations need to be made to make sure you can make payments without a negative impact on your finances and quality of life. In this episode, I’m going to go over the steps you should take to prepare. You can...
Financial Readiness for Service Members and Families
August 21, 2023 05:00 - 44 minutes - 35.2 MBFinancial readiness is a critical part of force readiness but also to the quality of life of service members and their families. When it comes to taking advantage of the resources provided by the Office of Financial Readiness, there are often some misconceptions. In this episode, Andrew Cohen gives us an inside look at what FINRED is, how it helps, and how you can use it to set your finances on the right track. We cover the Blended Retirement System, the new Dependent Care FSA, and more. ...
Super Sleuth Tips for Catching and Dealing with Financial Infidelity
August 14, 2023 05:00 - 41 minutes - 33.6 MBAre you a money cheater? Or has someone you know and love ever cheated on your financially? Financial infidelity can absolutely ruin a marriage or relationship and your finances, but what do you do if you suspect it’s happening to you? In this episode, I talk with forensic accountant Tracy Coenan on the red flags of financial infidelity you should watch for and how to handle them if you find them in a way that protects yourself and your finances. Key topics in the interview: What fin...
Leveraging Compounding to Profit from Stocks, Dividends, and Options
August 07, 2023 05:00 - 41 minutes - 29.1 MBYou’ve probably heard of the power of compounding before, but do you know its true power and use that power to amplify your wealth? In this episode, financial advisors Scott Kyle and Patrick Fischer break down compound interest and how to use it to grow your wealth with stocks, dividends, and options. Scott is the CEO and Chief Investment Officer of Coastwise Capital Group, LLC, a boutique money management firm headquartered in La Jolla, CA. He is a co-founder of The Active Network, In...
How to Use Consistency to Achieve Your Financial Goals
July 31, 2023 05:00 - 35 minutes - 24.6 MBConsistency in managing personal finances is challenging because it requires discipline, self-control, and long-term planning, which often clashes with impulsive spending habits, but without consistency, avoiding debt and building wealth is a struggle. Consistency in managing personal finance empowers you to take control of your financial future. In this episode, Emily Guy Birken breaks down the common obstacles that hinder people from maintaining consistency and shares practical strategie...
The Crucial Role Self-Awareness Plays in Your Financial Success
July 24, 2023 05:00 - 37 minutes - 26.2 MBDo you know what is driving or holding your finances back? Lack of self can have a negative impact on your money if you let it. But most of us don’t realize the crucial role self-awareness plays in financial success. In this episode, I talk with Mick Heyman, a Chartered Financial Analyst, about how self-awareness can improve your finances, the impacts of human nature on finances, and how to build your self-awareness. Mick is the author of Mellow Your Money and the founder of Heyman Inve...
{Encore} The Ins and Outs of Your Post 9/11 GI Bill Benefits
July 17, 2023 05:00 - 46 minutes - 32.3 MBThe benefits you receive from your military service can have an impact on your finances. Last week, I had Dr. Paul Lawrence back on the show to talk about VA disability and all of the other benefits you receive as a perk for serving. One of those benefits is the Post 9/11 GI Bill which can be instrumental in enhancing your financial stability and earning potential after service. I thought this would be a great time to bring back an episode on the subject. Here is the encore airing of "T...
Gaining Actionable Intelligence on Veteran Disability and Other Benefits
July 10, 2023 05:00 - 38 minutes - 27 MBFor most veterans, starting a VA Disability claim or finding out the benefits you’re eligible for is daunting. There are a lot of moving parts, information, and nuances in almost every aspect of the process. It’s hard to know where to put your first step. In this episode, Dr. Paul Lawrence is back to break down what you need to know about filing or refiling for disability benefits, how the VA and VSOs help in the process and the other benefits you should take advantage of. Paul is a bu...
How to Keep a Military Marriage Strong and Vibrant
July 03, 2023 05:00 - 41 minutes - 29.2 MBMilitary marriages face many challenges that can negatively impact your relationship. Unfortunately, the divorce rate among military couples is higher than in the civilian population. The good news is, a study published in 2017 in the Journal of Family Issues found that the divorce rate among military couples declined between 2005 and 2011. So how can we keep up with that popular trend? In this episode, Vicki Cody, an expert military spouse and author, breaks down how to keep your marriage...
Investing in Land vs. Real Estate
June 26, 2023 05:00 - 38 minutes - 35.9 MBReal estate investing is all the rage, but is it for you? There are risks and expenses when it comes to making improvements, repairs, and maintaining renters. Investing in land is another option instead of real estate. In this episode, I talk to Brent Bowers, a vacant land investor, about what investing in land looks like, where to start, costs, and mistakes to avoid. Brent is an Army veteran and founder of The Land Sharks and focuses on buying and selling vacant land. His time in the ...
How to Compare Mortgage Costs and Make a Decision [Encore]
June 19, 2023 05:00 - 30 minutes - 21.5 MBMortgage rates continue to be a hot topic that impacts our ability to purchase or sell a home. A while back, I had Kevin Parker on the show to talk about what we should know about the true cost of a mortgage and how to take that information and make a decision that’s best for you. As we're moving into homebuying season for the military, I thought it would be great to bring this episode back. Here is the encore airing of How to Compare Mortgage Costs and Make a Decision with Kevin Parker ...
Employment vs. Entrepreneurship: Going From Employee to Owner
June 12, 2023 05:00 - 45 minutes - 31.9 MBEarning income is a critical part of building your wealth. For most of us, that is either having a job or starting a business, but what if there is a hybrid way? In this episode, I talk to Kirby Williams about her journey of going from an employee to buying and running the business she worked at. Kirby is the owner of Advantage Publications, an educational publishing company where she was formerly a marketing associate. She has designed and developed custom financial education slide ca...
Life Insurance for Infants: Do You Need it?
June 05, 2023 05:00 - 4 minutes - 3.6 MBI was recently asked the question of what are the life insurance options for infants. I think my answer was not what was expected, which made me think, this might be something that should be discussed more. In this episode, I’m going to go over life insurance for infants, the life insurance coverage available on active duty, and what and who it can cover. The show notes can be found here: https://laceylangford.com/podcast/Life-Insurance-for-Infants/
How Military Families Can Prepare for Elder Care Costs
May 29, 2023 05:00 - 21 minutes - 15.4 MBCaring for elderly parents is an often overlooked budget item but one that can come with high expenses in the future. If caring for your older parents, grandparents, or loved one is important to you, make it a priority in your finances now. In this episode, John Osarczuk shares tips for financially preparing to pay for elder care costs, what that looks like each month, and mistakes to avoid that can cost your money and quality of life for your loved ones. The show notes can be found he...
Using Short-Term Rentals to Make Money
May 22, 2023 05:00 - 27 minutes - 19.2 MBHome buying and renting homes come with the territory in the military. Frequent moves lead many of us to buy or rent out of necessity, not because it’s our first choice. But how can you turn that lack of control into a way to make money? In this episode, Army veteran Joe Riley shares how you can use short-term house rentals to make money during and after your military career. Joe and his wife are the founders of Patriot Family Homes. They started short-term rentals in 2017 when they li...
Making Informed Car Buying Decisions
May 15, 2023 05:00 - 22 minutes - 16.2 MBBuying a car can be a big undertaking and feel overwhelming because it greatly impacts your finances. If you’re not careful, you can make mistakes or miss opportunities that can cost you. In this episode, Brendan Duebner shares tips and advice to avoid costly car-buying mistakes, the resources you can use, and the best time to buy. Brendan is a graduate of the Wharton School of Business, a Captain in the Army's 75th Innovation Command, and a serial founder. He founded Life Skills for So...
Military Spouse Skills You Can Use to Get Paid
May 08, 2023 05:00 - 30 minutes - 21.4 MBMilitary spouses face career challenges at every turn impacting their ability to make money and build their earning power. There’s a lot of career pivoting involved for milspouses but what if you already have a skillset that can help you make money no matter where the military sends you. In this episode, military spouse Molly Rose Speed shares skills military spouses can leverage to make money, how to translate them into getting paid, and how to know your worth and set prices. Molly Ros...