Investing in Our Future
Investing in Our Future
Invest, invest, invest! Even if it’s only a few dollars, invest and leave the money; do not touch it. My husband and I have , and while we know the risks of investing, we believe the reward is greater, just like getting to the top of the mountain! The apps out there today also make it fun, as you can easily watch your money and have greater interaction with what you’ve invested!
MilSpouse Money
Mission Response:
One of the best things you can do is pay yourself first! It’s wise to consider building your emergency fund with three to six months of living expenses, and consider investing as a way to help build wealth. If your Service member is part of the Blended Retirement System (BRS), we recommend you save at least 5% into the Thrift Savings Plan (TSP) to take full advantage of the matching contribution. That’s FREE money to help you build wealth! For more on that, watch this short video. As Katie mentions, even if you have to start small, it really does add up over time. Everyone has a unique risk tolerance when it comes to investing, so it is important to learn more and communicate with your spouse about your goals and objectives. A great place to start for all things saving and investing is our Money Ready 201 section. Here you will find easy-to-understand resources to break down these sometimes-complicated topics. You can even take a quiz to learn about your money personality to help you get started.
Whether you want to build an emergency fund, increase your TSP savings, or invest in stocks and mutual funds like Katie, we’re here to help. We suggest watching one of our most popular videos on how time builds wealth.
