294 episodes

The MILMO Show is all about military money and entrepreneurship. It's everything you need to know about making, saving, and investing money wisely. Lacey Langford, AFC, interviews inspiring guests about personal finance, entrepreneurship, investing, life in the military, and more.

MILMO Show Lacey Langford

    • Business
    • 4.8 • 58 Ratings

The MILMO Show is all about military money and entrepreneurship. It's everything you need to know about making, saving, and investing money wisely. Lacey Langford, AFC, interviews inspiring guests about personal finance, entrepreneurship, investing, life in the military, and more.

    Back to the Basics: Investing Fundamentals

    Back to the Basics: Investing Fundamentals

    You’ve heard me and every other financial person say it before: Spend less than you make and save. It’s a fundamental of personal finance, but then what? Once you've done the savings part, what are your next steps with the money?
    Today’s the fifth and final episode of my "Back to Basics" series about being brilliant at finance's basics or core principles. So far, I’ve covered the Thrift Savings Plan, cash flow, saving smarter, and insurance. Today, I’m diving into a topic that can make or break your financial future: investing fundamentals. Investing wisely is a centerpiece for building wealth and reaching financial goals.
    In this episode, I’ll cover:
    The basics of investing terminology Types of investments Understanding risk and return The power of diversification Compounding and its benefits Asset allocation strategies Key investment strategies Show notes: https://milmo.co/podcast/investing-fundamentals

    • 16 min
    Back to the Basics: Insurance Basics

    Back to the Basics: Insurance Basics

    Today’s the fourth episode of my "Back to Basics" series about being brilliant at the basics or core principles of finance. So far, I’ve covered the Thrift Savings Plan, cash flow, and saving smarter, and today, I’m going over another important topic that is often misunderstood: insurance. 
    Understanding insurance is essential for managing risk and protecting your financial gains and well-being, but it can also help you recover if there’s an unexpected life event like an accident or illness. 
    In this episode, I’m going over:
    Why insurance is important Types of insurance you need How to choose the right insurance Common mistakes to avoid Maximizing your insurance benefits https://milmo.co/podcast/insurance-basics

    • 21 min
    Back to the Basics: Save Money Smarter

    Back to the Basics: Save Money Smarter

    Today’s the third episode of my "Back to Basics" series that is about being brilliant at the basics or core principles of finance. Last time, I covered cash flow management. Before that the Thrift Savings Plan and today, I’m going over a critical topic: saving your money. People say, “Money can’t buy you happiness.” That one is crazy because renting a yacht for two weeks to eat, drink and be merry with the people I love would bring me absolute joy. There are a lot of sayings, but what they all come down to is that life is hard when you need money and don’t have it. It can be for simple things like needing a new suit for an interview, money to fly home to family for the holidays, a safe home, food, or medical treatments. Having money saved up gives you the freedom and peace to solve your needs, wants and problems quickly. 
    Saving money is also key to achieving financial stability, reaching your goals, and reducing stress.
    In this episode, I’m going over:
    Why it’s important to save money Compound interest Strategies to save money Getting the time and your savings aligned Best accounts to save money Savings mistakes to avoid Maximizing your savings
    https://milmo.co/podcasting/save-money-smarter

    • 24 min
    Back to the Basics: Managing Cash Flow

    Back to the Basics: Managing Cash Flow

    A firm grasp of your current money situation is foundational to your peace of mind and financial success. One of the best ways to take control of your finances is with a cash flow statement. 
    Today is the second episode of my "Back to the Basics" series, which is all about being brilliant at the basics or core principles of finance. Last time, I covered the basics of the Thrift Savings Plan, and today, I’m going to talk about something equally important: cash flow management. 
    Understanding and managing your cash flow is a fundamental skill that will help you avoid debt, plan for emergencies, achieve financial goals, and reduce stress. You may have heard the term "cash flow" thrown around before, but what does it really mean? And how is it different from budgeting? If you're confused or just want to strengthen your financial foundation, this one’s for you. 
    In this episode, I’m covering:
    What a cash flow statement is and how it works The differences between cash flow and budgeting, and why both are important Practical steps to create your own cash flow statement Tips for managing your cash flow effectively Common pitfalls to avoid and strategies to stay on track The show notes can be found here: https://milmo.co/podcast/managing-cash-flow

    • 19 min
    Thrift Savings Plan Basics for Service Members

    Thrift Savings Plan Basics for Service Members

    There will always be a new trend everyone is talking about. Money included. Go anywhere on social media, Instagram, or TikTok, and there is a money trend. All that noise can make it easy to get caught up in trying to keep up instead of being focused on what is core to your financial success. Instead of jumping on a bandwagon that can crash and burn, we should focus on the basics. Or, more importantly, getting brilliant at the basics so when a trend comes along, we’ll have a firm foundation and know if that trend is going to help us build wealth and reach our goals. 
    That’s why I’m doing a back-to-basics series on the MILMO Show. I’m going to do different shows on topics we should all have a basic understanding of, like budgeting, the SGLI, insurance, and more. I have no idea how many shows yet, but I’m going to kick it off with the Thrift Savings Plan and take it from there. 
    Right now, you’re saving money for two people: yourself and your 80-year-old self. That means your money needs to be working double duty. Lucky for service members, there’s a tool you can use to help your money work overtime. It’s called the Thrift Savings Plan, better known as the TSP.
    In this episode, I’m breaking down the basics you should know about the Thrift Savings Plan, like making smart investment choices, managing it while you’re in, and what to do with your TSP when you get out. Whether you're new to the military, just starting to give your TSP a little love, or just looking for a refresher, this episode’s for you. 
    The show notes can be found here: https://milmo.co/podcast/thrift-savings-plan-basics/

    • 22 min
    Earning a Living as a Writer

    Earning a Living as a Writer

    Many people dream of becoming writers one day. The possibility of making money selling books filled with their creative writing, stories, or solutions is exciting. However, many don’t know what it takes to get their books traditionally or self-published or how much money they can make as writers. 
    In this episode, long-time MILMO Show listener Randy Surles gives us a behind-the-scenes look at what it takes to write, edit, and publish a book that will have commercial success, whether traditionally or self-published.
    SGM Randall Surles (Ret.) served for nearly 32 years in the Army as an infantryman in the 75th Ranger Regiment, where he parachuted into Panama during Operation Just Cause. He then served over 20 years as a Green Beret in various positions, specializing in medicine, weapons, tactics, and intelligence. 
    While still serving on active duty, Randy completed his BA in U.S. History from Campbell University and his MFA in Creative Writing from The University of Texas at El Paso. After retiring, Randall Surles trained under editor Shawn Coyne to become one of a handful of Story Grid Certified Editors. He currently works as a Podcaster, Developmental Editor, Book Coach, Ghost Writer, and Author. He specializes in editing military fiction and non-fiction books, but also enjoys editing/ writing Fantasy, Science Fiction, and Thrillers.
    The show notes can be found here: https://milmo.co/podcast/earning-a-living-as-a-writer

    • 47 min

Customer Reviews

4.8 out of 5
58 Ratings

58 Ratings

purplechi21 ,

Fantastic information

If you are in the military and need to get better with your finances, this is the show for you. Lacey is an absolute expert in her field and this podcast is engaging and practical.

Greg - BluSky Equity ,

A must listen for military vets and their families!

This is a great podcast for all vets and their family members who are wanting in-depth, timely and educational information on how to financially better their lives after serving in the military. Awesome podcast!

LD the Infinite ,

Motivational and Inspiring!

Great insight on how to become financially independent. Really enjoyed learning from each of Lacey’s guests and hearing about their individual financial journeys as well, great podcast!

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