Ep15 - Building an Exit Strategy with Doug Nordman - (Expert(ish) Podcast) Podcast Details

Description

It's difficult while you're on active duty and you're busy with family. It's tremendously hard to take a step back and think about what your next five years are going to be like. Especially if you're coming up on that transition point, pulling your head out of the fog of work and being able to make a plan is more difficult.

Today’s guest of the Expert(ish) Podcast, Doug Nordman, will share his expertise in achieving financial independence. He will also talk about the evolution of authoring financial books for the military, his motivations in writing, and a whole lot more great advice in transition and investing.

Doug Nordman is a Retired U.S. Navy’s Submarine Force. He’s an enthusiastic surfer, a blogger, and a veteran of many chaotic home-improvement projects. Most of all, he is the author of the book The Military Guide to Financial Independence and Retirement and co-authored Raising Your Money-Savvy Family For Next Generation Financial Independence.

Enjoy!

Favorite Quote

“The whole purpose of financial independence is not to live a life of deprivation for 20 years to have another lifetime of financial luxury. The whole purpose is to have a good quality of life. YOU HAVE CHOICES.”

- Doug Nordman

In This Episode

1:27 - How Doug started his writing career

6:44 - What motivates him to write

13:51 - His insight about investing mistakes

20:00 - Doug's advice to the people in the military who are using the TSP and also want to invest in real estate

25:37 - Exit strategies most landlords consider

33:46 - His thought process on the diversification of asset allocation

35:12 - What's next for Doug Nordman beyond sharing his expertise and writing books

38:52 - His golden nuggets to anyone in the military who's coming up in the transition point

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