Mike "Wuzzy121". Rest in peace, brother

Go Back   Tacoma World Forums > Off-Topic > Military

Notices

Looking for Financial Advice for Young Soldier

Reply
 
Thread Tools Search this Thread
Old 10-23-2012, 11:23 AM   #21
AYYYYYYYYYYYY
cgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shedcgs2k2 is one of the sharper tools in the shed
 
cgs2k2's Avatar
Joined: Apr 2010, #35923
Location: Cleveland, Ohio
Gender: Male
Posts: 1,924
cgs2k2's Tacoma Gallery
Quote:
Originally Posted by Delmarva View Post
Welcome to TW

Keep the Fronty until it dies... bills are no fun and having a vehicle that is paid off is well worth it...
this.

truck looks cool too man
  Reply With Quote
Old 10-23-2012, 11:33 AM   #23
Senior Member
belone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shedbelone12 is one of the sharper tools in the shed
 
belone12's Avatar
Name: Brian
Joined: Sep 2012, #86222
Location: Long Island, NY
Age: 34
Gender: Male
Posts: 316
belone12's Tacoma Gallery
Never spend more in a month on a credit card then you can absolutely pay off that month. That's the best way to keep from paying 16%+ APR and keep your credit. I had the luxury of the being the youngest of 6, and my brother is now 37 with horrific credit b/c of his actions when he went to college. Never recovered. It's one thing i take seriously (and is now my profession). Keep the Nissan, like you said, you won't be driving much for a while and it looks like a sweet truck (that is paid for). Bank as much money as you can, stay away from that house idea too. It may seem attractive now, but once the reality sets in and you need $10g's for a new roof, $5g's for a plumbing, etc. and you realize you bought a small house in an area that doesn't have a high appreciation value, it may not seem like such a good investment. I'm from the northeast so I don't know, just being conservative. You made a great choice by joining the army, don't want to see you make bad choices in getting in over your head financially.
Oh and what someone else said, don't dip your pen in company ink. Save yourself the headaches! That applies every where in life!
  Reply With Quote
Old 10-23-2012, 11:36 AM   #24
336 [OP] 336 is online now
Senior Member
336 is on a distinguished road
 
336's Avatar
Name: Kendrick
Joined: Sep 2012, #87296
Location: Ashe
Gender: Male
Posts: 126
336's Tacoma Gallery
Thanks for all the info! Keep it coming, I love it and am very open to new suggestions.

Good point at the house buying + repairs, made me look at the differently. I've also thought about stocks a little bit.

The only bill I will have will be my cell phone bill; as spoiled as it seems my parents insist on letting them finish paying off my truck.

Thanks for the compliments on the truck as well, it was built on a high schoolers budget.. exhaust, AFE CAI, rhino lined fenders/rockers, pro comp 7089s, TAG Rear bumper, sound system, and tint.. and more I'm sure. Lol.
  Reply With Quote
Old 10-23-2012, 11:42 AM   #25
Mid Traveling
12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed12TRDTacoma is one of the sharper tools in the shed
 
12TRDTacoma's Avatar
Army: MP
Name: Roberto
Joined: Aug 2012, #85133
Location: Concord, CA
Gender: Male
Posts: 2,436
12TRDTacoma's Tacoma Gallery
Quote:
Originally Posted by The109 View Post
Stay away from military females. Only date civillians. Don't get married just so you can move off base.

Keep your Nissan for now.

Keep a good attitude no matter how shitty things get in the military. I started off poor, joined the Navy, got my degree.... now I'm doing great.
THIS RIGHT HERE

DO NOT GET MARRIED, and seriously by all means only date civilian girls. Military females are just bad news. Don't be that guy and get married, you'll be in a world over your head. Save the most you possibly can and spend very little on what you absolutely need. Someone mentioned earlier of getting with USAA. This is a good move as well, they are pretty damn good and I have insurance with them speaking of which. Fantastic service, cheap rates, all that good stuff. Keep the Frontier, bills are no fun.

So you're going to relax in Jackson hmm? Lol I went to Benning as an 88M motor transport operator. I am now 31B military police. Much more prevalent training, much less BS. Basic and AIT was a whole lot of fun, TONS of laughs!
  Reply With Quote
Old 10-23-2012, 12:00 PM   #26
Senior Member
stewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shedstewartx is one of the sharper tools in the shed
 
stewartx's Avatar
Joined: Jan 2012, #70271
Location: Huntsville AL
Gender: Male
Posts: 1,830
stewartx's Tacoma Gallery
Quote:
Originally Posted by 336 View Post
(snip) I leave for Army Basic training next Sunday (Nov 4). I've been reading a lot about investing and being smart with money. If you could go back to my position, 18, single, no bills, no credit, just a clean slate what would you do? I really would like a Tacoma, but feel like I should hold off.

Basically I'm seeking advice in all areas of finance and how to benefit the most from military pay. (snip)
Of course, you're probably not going to be able to get any financing until you're out of training (both Basic & AIT) and at a permanent duty station. That means holding onto your Frontier until at least then.

Afterwards, a new vehicle might be a good way to spend your money if you can pay it off during your first tour - leaving your options open after that (you don't know now if you'll reenlist or whatever - with payments tough while looking for another job).

Education, which provides the most options, is another good way to spend your money, especially since you can often get student financial aid. Check with the education office at your new duty station to see what's available to active duty service members. I know sitting in a classroom doesn't sound so great right now, especially since you just left school, but it really pays off in the end.
  Reply With Quote
Old 10-23-2012, 12:23 PM   #27
336 [OP] 336 is online now
Senior Member
336 is on a distinguished road
 
336's Avatar
Name: Kendrick
Joined: Sep 2012, #87296
Location: Ashe
Gender: Male
Posts: 126
336's Tacoma Gallery
Definitely taking classes upon arriving to my first PDS.. Will try to get basics out of the way at least and then continue with something in the field of information technology or so.
  Reply With Quote
Old 10-23-2012, 08:44 PM   #28
Geezer
azreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shedazreb is one of the sharper tools in the shed
Navy: ET on minesweepers
Joined: Mar 2012, #74430
Location: AZ mountains
Gender: Male
Posts: 288
azreb's Tacoma Gallery
Lots of good advice here. I would suggest that you save what you can and invest in mutual funds in a Roth IRA. My personal financial philosophy is to pay no interest if I can avoid it. You have a good truck now. Why not save what you would make in payments and pay cash when it comes time for a new one? If you sit down and do some simple calculations you will see how much that interest costs in the long run. It takes some tough self-discipline, but if you can extend that idea to all your financial dealings, you will be far ahead in the long run.
  Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Advice to Young Men from an Old Man tcBob Off-Topic Discussion 34 10-28-2012 05:15 PM
Financial Software mws4ua Off-Topic Discussion 6 01-12-2011 11:55 AM
Financial advice needed... Keith120286 Off-Topic Discussion 12 11-25-2010 07:08 PM
What's with Toyota financial?? ColdZeroBSP Off-Topic Discussion 6 11-02-2009 03:19 PM


Copyright © 2014 Tacoma Forum. Tacoma World is not owned by, or affiliated with Toyota Motor Corporation.