015 CSM Maurice Chaplin - Investing in the Military

Today we will gain wisdom from CSM Maurice Chaplin of the 8th Theatre Sustainment Command on Fort Shafter Hawaii.

How to overcome the fear of investing … This will be great insight!

Episode Highlights:

2:35 Maurice Chaplin as the senior military leader amidst the pandemic.
3:27 The virtual environment in the army.
4:11 The impact of Covid-19 cases in the military upon the shutdown of Hawaii.
6:18 The psychological impact of the pandemic to military.
8:19 The secret on Chaplin’s career.
8:43 Overcome the fear of investing for financial freedom.
8:41 The blended retirement plan.
10:10 Chaplin’s wish as a private soldier.
11:21 Giving sense of security to soldiers by educating them about investment.
13:18 The shiny object syndrome in the military.
13:55 The 2 turning points of Maurice Chaplin to say yes to investing.
16:21 Chaplin’s creative approach to soldiers in educating them about investment.
18:30 The modern economy and the importance of saving money in the military.
19:38 The financial freedom after retirement.
20:00 Establishing budget.
20:33 The temptation of online shopping and discounts.
20:39 Coming out in the military with financial freedom.
23:00 The biggest financial take away from Chaplin.
23:30 What’s next for Sergeant Major Maurice Chaplin?
24:00 Chaplin as an army is a blessing and privilege to serve.
24:15 Three years from now, Chaplin might be seating on the boat fishing or volunteering.
25:00 Prepare for your future, take the opportunity and take risk.

3 Key Points:

Tweetable Quotes:

“To get to that financial freedom, you just have to find what works for you, or even listen, or take some advice from others”- Maurice Chaplin
“You don’t just wake up, and say, hey! I am the army’s major the next day, or I am the general the next day. It comes with time, it comes with investment, it comes with education.”- Maurice Chaplin
“It comes the day you leave the military, if you save enough, you might not have to get another job.”- Scott Tucker
“What’s the point of the (military) discount if you didn’t need the thing. And then, you still spending more money?”- Scott Tucker