December 1, 2020

Top Five Investment Ideas that Assure Financial Freedom for Military Families

It is better to invest your money than to have it as cash or stashed away in a savings account. However, investment decisions require careful thought to make the most of it. Make your considerations based on the fees you will incur, your input, potential benefits, and the risks involved. Here are five promising investments to check out.

1. Education

You can never go wrong with education, and the military knows it. This service provides various education benefits, whether on active duty or upon retirement. You can study through the Tuition Assistance program that offers up to $4,500 per year paid directly to your school of choice.

You may also take advantage of the GI Bill to advance your studies in any field and level. For instance, you can undergo vocational training, college studies, or distance learning. You can take your course during service, as there is ample time to do so considering the military routine's nature. For those who are married, your spouse can also receive education courtesy the military service.

2. Crowdfunding

It involves investing in a company's or person's venture like lending or real estate. Types of crowdfunding include investment-based, equity-based, loan-based, donation-based, or reward-based. You earn passive income at an agreed time or shares in a company. Other returns on your investment are rewards, set interest rates, or becoming part owners of firms.

Decide on the type of crowdfunding you are interested in, and then visit crowdfunding websites like SeedInvest, RealtyShares, WeFunder, Lending Club, Fundrise, and Kickfurther. Note that you cannot pull out your money whenever you want. Ensure you have all the details of when the company will start making payments to you.

3. US Savings bonds

This wise investment is relatively safe and low risk. When you buy the bonds, you earn a fixed interest rate each month, compounded semiannually. You may not access your money before a year elapses if you invest in the Series EE/E bonds. It works well for you as a military officer, as it requires minimal input, particularly if you go for long-term bonds.

4. Index fund market

This is a brilliant way of investing your hard-earned cash because of the low expense ratios of 0.2%-1.0%. Index funds mirror mutual funds except that they use algorithms and software instead of active people who must be paid. Determine the best index fund to invest in from these: I fund finances in international companies, F invests in bonds, S targets small-cap stocks, and C focuses on large-cap stocks. These funds try to match other open-market index funds.

5. Real estate

Apart from paper assets, explore real estate for the many advantages it offers. It is a continuous form of passive income, which guards against inflation and has essential tax benefits. Identify a real estate option that works best for you. Here are some options:

  • Direct investment in real estate: you can either buy a residence (and transform it into a rental asset) or purchase a rental property
  • Real Estate Investment Trusts (REITs): you either may go for publicly-traded REITs or privately-owned ones. These trusts invest in different types of real estate such as residential, commercial, industrial, or unused land
  • Indirect investments: they include private notes and private equity funds

Final thoughts

Making great investment choices will have the right impact on you and your family many years down the line. You will have a guarantee of a comfortable retirement life and a softer transition into civilian life. Start investing now using the above five ideas to start earning a regular passive income. For more information on how to do this, contact us.

You may also be interested in

Featured Articles

December 8, 2023

Mentobo Kills the Promise Trap and Opens a Door to Real Mentorship

Published by: Reggie Whitehead The journey towards success is filled with countless challenges and obstacles. However, imagine a platform streamlining your path and bringing you closer to your desired achievements. Mentobo serves as this bridge, providing robust and dynamic solutions to individuals seeking growth in their personal and professional lives. Mentobo is a unique SaaS framework that

Mentobo Kills the Promise Trap and Opens a Door to Real Mentorship

November 7, 2023

Navigating Business Structures: A Guide to Startup Models and Their Tax Advantages

IntroductionStarting a business involves myriad decisions, one of the most crucial being choosing the appropriate business structure. This decision can significantly impact your legal obligations, operating flexibility, and, importantly, tax liabilities. Let’s explore common business models for startups and understand the tax advantages each presents.1. Sole ProprietorshipOverview: A sole proprietorship is the simplest business form,

Navigating Business Structures: A Guide to Startup Models and Their Tax Advantages

October 31, 2023

The Limits of AI: Why Artificial Intelligence Can’t Predict Lottery Numbers

IntroductionIn an age where Artificial Intelligence (AI) is breaking barriers and driving innovation, there’s a pertinent question that surfaces amidst lottery enthusiasts and technocrats alike: “Can AI predict winning lottery numbers?” Despite the transformative impact of AI across industries, the straightforward answer is a resounding “no.” Here’s why.1. The Nature of RandomnessLotteries are quintessential games

The Limits of AI: Why Artificial Intelligence Can’t Predict Lottery Numbers