Do you feel out of control when it comes to your finances? Then maybe what you need is a financial drill sergeant by your side. Certified Financial Planner Jeff Rose offers a “soldier’s handbook” to help you take charge of your money and invest in your future–the military way.
In his new book Soldier of Finance, Rose uses his military experience during basic training and combat missions in the U.S. Army to form financial drills to help readers attack their debt, start an emergency fund, and invest in their future. If you’re thinking this is a run-of-the-mill budgeting handbook, it’s not. Rose is sure to keep you intrigued as he shares his personal money stories and the stories of people he has counseled.
Key takeaways from the book:
Don’t dwell on financial missteps. Rose says the biggest point he wants readers to get from this book is to not dwell on bad money decisions they’ve made in the past. You can’t change what has already been done, but you can make wiser decisions going forward.
“We’ve all made bad financial choices in our lives, whether it was paying for stuff we shouldn’t have bought with a credit card, or taking out loans when we really couldn’t afford to,” Rose says. “While we still might be suffering from the consequences of having to make payments, it doesn’t mean you can’t choose a better life and strive to achieve it,” Rose continues.
Find a financial “battle buddy.” During basic training in the army, Rose says soldiers are required to have what’s called a “battle buddy” to confide in if needed, and keep them on track. Encouragement from a supportive friend will help you stay focused on your goals and move toward financial success.
Let close friends and family know about your mission to improve your finances. Sometimes, friends and family unintentionally discourage you from reaching your financial goals. Rose encourages readers to make those close to you aware of what you are trying to accomplish.
“If you’re trying to get out of debt and [your friends and family] have no clue you have mounds of debt but now you’re committed to paying it off, it’s going to be hard for them to understand when you tell them you can’t do some of the things you used to do,” Rose says.