#022: Preparing Female Military Service Members for Life Outside the Military
Life is Life!
English - October 11, 2019 13:00 - 1 hour - 47.2 MB - ★★★★★ - 6 ratingsEducation Business personal finance financial literacy financial education credit cards debt student loans Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Financial issues rank among the most stressful concerns for active-duty service members, vets, and their families, according to a survey by Blue Star Families, a nonprofit out of Syracuse University. In fact, financial concerns rank as the second-highest overall concern, second to relocation anxiety.
While the military does offer service members access to supplemental courses that teach personal finance, the fact is most military members don't know how to manage their finances while in the military. And even more service members struggle to manage their finances when they inevitably leave the military - especially females, who oftentimes are tasked with managing the household finances.
The financial issues are sometimes even more exaggerated for female service members, who are more likely to be single parents than their male counterparts. And given that there are currently 2 million female military veterans in the U.S. and Puerto Rico, female service members struggle with money is becoming an increasingly important issue - especially since the U.S. Department of Veterans Affairs expects 18 percent of the military vet population will be female by 2040.
Joining us on the show to discuss this very important topic is Dr. Ann James, founder of Financial Freedom Battle Buddies. Dr. Ann shares how service members become accustomed to getting allowances for housing, food, medical, and clothing, that they oftentimes don't plan for life outside the military, and shares how she's working to change that financial dependence to allow more and more female service members and vets to experience financial freedom.
As Dr. Ann says, it doesn't matter if you're an E-1, O-6 or civilian, financial freedom can be yours.
About Dr. Ann
Dr. Antoinette (Ann) James founded Financial Freedom Battle Buddies to help her fellow female veterans take back control and win the fight over their money. Early in her military career, Dr. Ann was exposed to valuable personal finance lessons which allowed her to overcome numerous money pitfalls after becoming a single mother.
An Iraq War Veteran, Dr. Ann managed multi-million dollar operating budgets while serving as a Financial Officer. In 2011, after serving 21 years, Dr. Ann retired from the Air Force and successfully transitioned to civilian life. As a proclaimed life learner, she returned to school and earned her Doctorate of Education from Grand Canyon University in 2017. In order to further expand her ability to provide sound financial guidance and education, in 2019 she earned the distinguished gold standard of becoming an Accredited Financial Counselor.
About the Show
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