Financial Literacy with Lacey Langford, Founder of The Military Money Expert®

In this episode of Airmen Helping Airmen Podcast by Kaleth Wright, Lacey Langford, Founder of The Military Money Expert®, joins the Airmen Helping Airmen Podcast with Kaleth Wright to talk about financial planning and freedom through entrepreneurship and following passions. She shares tips on how military families can get rid of debts, invest wisely, and achieve financial stability.

Lacey Langford, Founder of The Military Money Expert®, joins the Airmen Helping Airmen Podcast with Kaleth Wright to talk about financial planning and freedom. She shares tips on how military families can get rid of debts, invest wisely, and achieve financial stability.

Key facts

Lacey’s Instagram
Lacey’s Twitter
Lacey’s Facebook
Lacey’s LinkedIn
Lacey’s Military Money Show Podcast
Lacey Langford, The Military Money Expert Website
MilMoneyCon Website
Lacey Langford, Founder of The Military Money Expert®, a personal finance blog specializing in the U.S. military world. She is an army brat, veteran, military spouse, financial expert, and the Creator & Host of The Military Money Show. She is also the organizer of The MilMoneyCon, an annual conference for financial professionals in military service. The conference will be coming up this month, April 21st to 23rd, with Alex Hopkin as the opening keynote speaker. Apart from being an accredited Financial Counselor® with over 15 years of experience in financial planning, counseling, and coaching, she’s also a speaker herself.

Key takeaways

“There will never be a perfect time for anything…So you just gotta do it and make it work. You can make it perfect later.”
Don’t spend too much time thinking and planning. Just do it.
Before you venture into a business or career, think about your no-gos, consider what’s most important to you, and in everything, be realistic.
“Everybody makes mistakes. Not everybody knows every single fund in the world.”
“You've got to make some money. You got to save some money, and you've got to invest it for your future because right now in your earnings, You're earning income for two people; for yourself and your 84-year-old self.”
“Exhaust every free resource before you pay for it.”
“For the families that are struggling is to know that is just right now. It's not forever…It will get better.”
To begin with, don't spend more than you make this month so you successfully avoid going into debt.
“For the families that are doing really well, you're ahead of the game. You have to make sure you stay ahead of it.”
If you get ahead of the game, stay ahead of it and just keep going. Then you will have financial freedom and won't be beholden to anybody, especially while you're on active duty; you have a lot more choices.
“It's smart to think about things, but take action, start saving money, start investing, start your business, go join a group to get help.”
“Start doing something different. If you want something different, you gotta change.”

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Quotes

“There will never be a perfect time for anything…So you just gotta do it and make it work. You can make it perfect later.”

“Start doing something different. If you want something different, you gotta change.”

“Exhaust every free resource before you pay for it.”

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Previous guests include:Errol Doebler, John Osarczuk of FirstCommand , Jared Metcalfe, Rich Diviney, Ginger Miller, Thomas Connally, Kara Taylor, Kathleen McMahon, Jennifer Pasquale Dr. Geri Lynn Maples, Haley McClain Hill, Amanda Huffman, Lizann Lightfoot, Tom Landwermeyer, Diane Rauch, Kim Nahom, Kristen Christy, Jai Salters, The AFAF Campaign, Shermaine Perry-Knights and Lacey Langford.

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