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@cheky1818 If you haven't seen it already, there's tons of investing, budgeting, saving, etc, tips over on /r/personalfinance - make sure you give the wiki a look and once you get a handle on some basics there's tons of people there that can help you with general money management. It'll be less...

@l86 Agreed. The problem with dividends is a majority of people recommending them don't understand them. Dividends themselves don't increase your net wealth, because the stock price goes down equal to the dividend payouts. All they generate is passive income...which you can essentially duplicate...

@cheky1818 It's a great time to pay attention to it...so many people go through their first enlistment (sometimes even more) without really working out a budget or understanding retirement savings and such. I will say I've seen people max out their Roth as an E-1 in training though - 60% (the...

@homeschool1 (to expand upon a bit) A lot of people say "you lose money" because they don't factor in the extra pay for selling leave. They look at "base pay only" and think that means less when in reality (as you explain in your other points) selling leave means you get base pay + BAH + BAS...

@cheky1818 Yes...I knew what you meant...but you being new and all I wasn't sure that you knew that so I wanted to make sure you were aware and weren't incorrectly calculating things. For example, with the max annual contribution being $20500 (I know you don't even earn enough yet to reach it...

@cheky1818 Slightly less than every 2 weeks. Military pay is 2 times per month, not every two weeks. The difference is 2 paychecks per year - your pay = 24 paychecks per year whereas every two weeks = 26 paychecks per year. While a seemingly minor distinction, it's an important one...

@makubexx Gotcha, yeah the way it sounded to me is you were saying them using 15% was essentially equal to someone else using 25% which sounded way wrong. Sounds like we do agree, may have been more clear to more plainly say something like "general advice is 15% but due to how military pay...

@makubexx Are you sure that's not backwards? If you're putting 15% of your base pay in and you count the BAH/BAS they aren't getting due to living in the dorms, it's still just 15% of their base pay going in. And if you included the pay they aren't getting the percentage would be lower. For...

@marc422 Pension to pension military probably is highly favorable because they can draw it at a much younger age. However, a federal employee probably has a higher salary during their working years too, which allows them to invest much more heavily if they live the same quality of life as the...

@freeyourmindfromthelies Drop your CC and truck payments down to the minimum, increase the other car payment as much as you can. It has the highest interest, and a relatively low balance remaining...getting it paid off first will be the best from a financial perspective. Once that car is...

@matfletch Being able to afford it isn't the risk necessarily....lost opportunity would be the risk (as in without owning a tenant-less property you could invest more in the market and get a higher average return).

@siesaw23 I'm 80/20 right now, I'll probably stay that way for a solid 10-20 years before switching to something a little safer. You'll generally find recommendations anywhere from 100% C to 60/40 C/S on this and/or the /r/ThriftSavingsPlan sub. Depends heavily on your appetite for risk. The...

@matfletch Knowing that, this sounds like a bit of a risk for you...if you lose the current tenant (which is always a possibility), you may have to drop the rent significantly to find another. Which could mean months of no tenants at all, or a negative cash flow even after you find one (if you...

@matfletch Don't forget to add 1-4% of the cost for maintenance per year (I didn't see it in your expenses). And as others have said that's a crazy rent vs the cost of the house...in my local area I can get a $250k or more home (without a down payment) for a lower payment than you're asking...

@jayron IRR counts towards your DIEMS date, I don't think it counts towards your initial pay date (as it's a non-payment status). That said, there's probably a lot of intricacies when you add in guard, ROTC, etc...so I may be wrong for your specific situation.

@bigbossjock Did you read the above? Additionally, if you read on: So you can only do a direct Roth rollover into TSP, unless it's from an IRA. FYA, TSP are not the ones disallowing this, the IRS themselves don't allow rollovers to Roth 401k plans from a Roth IRA. Here's a chart....if...

@jonathanbewell The most efficient way in terms of pure dollar efficiency is to pay it off with minimum payments until September 2024, then pay off any remaining balance in October (before interest begins to accrue). During this time, take the money that would go towards paying it off today and...

@karinw E-4 w/ 3.5yrs base pay = $2918.40 / 30 = $97.28 per day * 18 (10 days of Jan + 8 days sold) = $1751.04 before tax So take out tax, then add (BAH + BAS) / 30 * 10 = ?, and that's probably around the $1800 figure you got (depends a lot on what your BAH is).

@jon200689 Is what myPay says...so give it another week or so.

@williamfrawley1887 Credit card payments themself do not positively affect your credit history. Late payments, however, negatively affect your credit score. In essence, you build credit history by keeping a card open, and build credit score by not paying anything late. If you never use the...