Soldier of Finance

Take Charge of Your Money and Invest in Your Future

 Soldier of Finance

Author: Jeff Rose
Pub Date: September 2013
Print Edition: $16.00
Print ISBN: 9780814433287
Page Count: 224
Format: Paper or Softback
e-Book ISBN: 9780814433294

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Table of Contents

CONTENTS

ACKNOWLEDGMENTS xiii

INTRODUCTION 1

The Soldier's Handbook 2

The Purpose of Soldier of Finance 4

PA R T O N E

DISCOVERY PHASE: WHAT IS YOUR WHY? 7

1 WHY ARE YOU HERE? 8

Shaky Beginnings 10

What's Your Story? 14

What Is a Soldier of Finance? 15

Debriefing: A Soldier of Finance Success Story 15

Go/No Go 17

Summary 19

2 TIME TO ENLIST AND TAKE AN OATH 20

Soldier of Finance Creed 22

Finding a Battle Buddy 23

Identifying Blue Falcons 26

Down to Basics 29

Summary 31

PA R T T W O

INITIAL TRAINING PHASE (WEEKS 1--5) 33

3 WEEK 1: THE ARMY PHYSICAL--MEASURE YOUR DEBT 34

Your Financial Status: Stop Being in Denial 36

Debriefing: The Meaning of "Not Much Debt" 36

The Situation Report 38

P/X Rangers (or Living Beyond Your Means) 41

Summary 44

4 WEEK 2: ROSTER NUMBER--

YOUR CREDIT SCORE FOR LIFE 45

740 Is the New 720 47

Credit Scores and Your Mortgage 48

Finding Your Credit Score 49

Summary 50

5 WEEK 3: LAND MINES--YOUR CREDIT REPORT 51

My First Credit Report 53

Where to Get Your Free Credit Report 54

Carefully Verify the Information 56

Set Up Your Recon 58

Summary 61

6 WEEK 4: THE LOW CRAWL--CREDIT REPAIR 62

Stop the Bleeding 64

My Unnecessary Debt 65

Pay Down Your Debt 66

Debriefing: No Credit to Good Credit 67

Get the Most Out of Your Credit Cards 68

Watch Out for Credit Card Company Dirty Tricks 71

Summary 74

7 WEEK 5: LAND NAVIGATION CERTIFICATION--

IDENTIFY YOUR GOALS 75

Define Your Mission Objectives 77

Op Orders: How to Achieve Your Mission 79

Summary 85

PA R T T H R E E

CAMPAIGN PHASE (WEEKS 6--12) 87

8 WEEK 6: ACCOMPLISHING GOALS--

FROM CHAOS TO PRECISION 88

Into Action 89

Execute the Mission 91

Twenty-One Days to Change 93

Dealing with Setbacks 95

Review the Mission 96

Summary 98

9 WEEK 7: DESTROYING THE ENEMY--

PAYING OFF DEBT 100

Field Artillery: Matching the Cannon to the Objective 103

Ammunition for Targeting Debt 104

Debriefing: Operation Motherhood 108

Don't Be Content with Debt 110

Getting Cash Flow Positive 113

Summary 115

10 WEEK 8: SENSITIVE ITEMS REPORT--

TACTICAL BUDGETING 116

Tie Budgeting to Your Goals 117

The Sensitive Items Report 118

The Basic Training Budget: Identify Your Unnecessary Spending 120

Online Resources 122

Debriefing: Operation Budget 123

Practice Makes Perfect: Why Soldiers Drill 125

Family Battle Drills 126

Summary 129

11 WEEK 9: FRAGO--

THE SAVINGS ACCOUNTS SURVIVAL GUIDE 130

The FRAGO Fund 132

Watch Out for Imposters 134

Making the Most of Your Savings Account 135

You Are Now Ready for Anything 138

Summary 139

12 WEEK 10: MANUALS AND ORDERS--

GETTING STARTED IN INVESTING 141

Why Haven't You Started? 142

Are You Ready? 144

The Magic 10 Percent: A Guideline for Investing 145

Get the Right Advice 147

Secure Your Base of Operations 148

Summary 150

13 WEEK 11: FROM BOOTS TO HUMVEES--

BEGINNING INVESTMENT VEHICLES 152

Remember the Mission 155

Use Boots, Not Buses, for Short Distances 155

Middle-Distance Humvees: Investment Accounts

(Individual or Joint) 158

Peer-to-Peer Lending 160

Summary 162

14 WEEK 12: FIVE-TON TRUCKS AND MRAPS--

LONG-DISTANCE INVESTMENT VEHICLES 163

Take an Active Role with a Roth IRA 164

Follow the Roth IRA with a 401(k) 167

The 401(k) for Military Personnel 169

The Stock Market: Be Careful of the Risks 169

Diversify Based on the Size of Your Portfolio 171

Investing for Your Future 171

Summary 173

PA R T F O U R

CONSOLIDATION PHASE (WEEKS 13--14) 175

15 WEEK 13: BASIC HOUSING ALLOWANCE--

MORTGAGE BASICS 176

Debriefing: J. Money's House 178

How Much House Can You Really Afford? 180

What Types of Loans Are Best for You? 182

Housing Traps to Avoid 183

Summary 186

16 WEEK 14: YOUR BODY ARMOR--

YOU NEED INSURANCE 187

Auto Insurance 189

Homeowners/Renters Insurance 190

Medical Insurance 191

Life Insurance 192

Umbrella Liability: Covering the Gaps 196

Summary 198

CONCLUSION 199

RESOURCES 201

INDEX 203

ABOUT THE AUTHOR 209

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