022 - The Time Value of Money (Military Finance 2.0)
As part of our series on personal finance basics for active duty military!
Have you ever struggled with the decision of whether or not to pay your car or house off early?
On the surface, it seems like the right thing to do. You absolutely hate having those monthly payments, and it sure would be nice to get rid of them once and for all, but have you considered the opportunity cost of your decision?
In this session of US VetWealth live, Scott and Trevor discuss the importance of using your greatest resource, time, to your advantage and start creating or building wealth today, instead of putting it off until tomorrow, or next week, or next month, or....get the point?
Today we're going to cover:
-The efficiency of using your $$$ to pay off assets that won't allow you to realize a ROI without leveraging or selling them.
-The opportunity costs of your decision to pay off big-ticket items instead of putting your money to work for you.
-Examples of how powerful of a resource time can be when it comes to creating and building wealth.
Are you ready to break the mold of "the way it's always been done" and realize that the conventional wisdom that's been passed down to you from The Great Depression era isn't so wise anymore?
Come join us every Monday, Wednesday, and Friday at 12PM EST and learn how to start building true autonomy by taking control of your money and your life.