"It's your money, why not make it work for you!" - Michael Allen Episode Summary:Returning guest Michael Allen shares the inside scoop on ways to leverage your BAH, if you're military, and how to plan ahead for saving and budgeting for a house! Don't wait until the last minute, start planning today and forming those relationships so when the time comes you can buy the house of your dreams. About Michael Allen:Michael has done a number of things in his life; went to military boarding school from junior high through senior year, enlisted in the US Coast Guard. Michael fixed avionics and flew as a Flight Mechanic/Crew Chief in the Sikorsky MH-60 helicopter, where he accrued more than one-thousand hours in the air and rescued numerous lives.Michael has had an entrepreneurial itch for as long as he can remember. He started selling various items from a spare trunk in his room at military school, going so far as needing to open a bank account in town to deposit the weekly profits and funding my own purposes while at school.Prior to and alongside his time in the military he has kept busy. Michael performed various service industry jobs: everything from salad bar and kitchen prep through being a server at his aunt and uncle’s Italian restaurant in Steamboat Springs Colorado, to serving and then managing a restaurant during daylight hours while he worked nights on the hangar deck in Clearwater Florida. Michael has owned various forms of real estate, managed properties, rentals, HOA’s, and been on various boards. In this episode:the military lifestylethe "home" mindset and how it differs for military families constantly on the moveleveraging IRA withdraws for no penaltiespaying rent vs. paying down a mortgageleveraging your BAH and a second incomewhy it's important to start planning early when you want to buy a houseways to save and budget for buying your first home Key Takeaways:Work with people and businesses that have already gone through what you are doing and know how to do it.Learn from those who go before you, don't be scared to ask for help  and advice.Don't go blind into a loan, build relationships and leverage those.Educate yourself on the market, and taxes, and finances, so you can be prepared for the home buying process. Connect with Michael Allen:https://seekerofcoin.com/https://twitter.com/SeekerOfCoinhttps://www.instagram.com/seekerofcoin/https://www.linkedin.com/in/mikea113n/   Connect with Joel Farrell:www.joelfarrellloans.com [email protected]://www.linkedin.com/in/joelfarrellvaloans/https://www.youtube.com/channel/UCISoNioAVR083iLErviv6pQ/featuredhttps://www.instagram.com/strivefor25_/https://www.instagram.com/jomifa8301/?hl=en   Audio and show notes by Premier Podcast Promotions
Skool Guide: https://www.skool.com/strive-for-25-1965/classroom Youtube Episode: https://youtu.be/AstrTNZMEec?si=payTCkaKFRv29Znv 

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