Aloha from Tristyn and Kamohai! We are so glad to have Doug “Nords” Nordman with us today, an avid blogger, author, The Military Financial Independence guy, and a great person to go to for financial advice.
We are talking about Doug’s journey to financial independence, the best ways to save and invest money, and the amazing content Doug shares through his blog and books.
Tune in to hear about mutual funds, a 4% safe withdrawal rate, compound interest, stock market, and so much more!
[01:05] Doug’s journey into real estate and financial independence
[07:43] How did Doug transition from military to real estate?
[11:07] Doug’s investment strategy
[13:16] What is a mutual fund?
[18:46] Learning how to invest in the 80s and 90s
[22:22] At what point are you financially independent?
[31:26] Is the stock market too volatile?
[34:58] Retirement and thinking about the next step
[39:48] Blogging and writing books
[42:35] How to raise kids for financial independence
[46:58] Publishing the first book and social media activity
[50:14] Military audience, FinCon and CampFI
[52:03] Doug’s biggest success
[53:13] What is a compound interest?
[57:16] Why are we uncomfortable talking about money?
[1:03:15] What was Doug’s biggest challenge?
[1:05:48] What would Doug do differently if starting all over again?
[1:06:59] What is a good amount of emergency saving?
[1:09:39] What is next?
Doug “Nords” Nordmann retired at the age of 41 after 20 years of service in the U.S. Navy’s submarine force. Today, Doug Nordmann is an enthusiastic surfer, an omnivorous reader, a martial arts student, and a veteran of many chaotic home-improvement projects. He finds joy in helping people learn how to save and invest, retire early, and enjoy financial independence, through his writings on his blog The Military Financial Independence, and in several of his books. All of Doug’s writing revenue is donated to military charities.
Guest Links:
https://MilitaryFinancialIndependence.com
https://www.linkedin.com/in/dougnordman/
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