Combat Finance: How Military Values and Discipline Will Help You Achieve Financial Freedom

190 Pages·2014·3.16 MB·English

by  Neddenriep

Contents
Preface
Acknowledgments
Introduction
Chapter 1: Basic Training
The Fundamentals of Basic Training
Three Phases of Basic Training
Basic Training Is Not for Quitters
After Action Review
Chapter 2: The Purpose and Importance of Reserves
Military and Financial Reserves
Operational Reserve
Strategic Reserve
Managing Your Reserves
Simultaneous Operations
Tactical Reserves
A Final Note about Reserves
After Action Review
Chapter 3: Choose Your FOB Wisely
FOBs, COPs, and Airfields
The Benefits of Home Ownership
Defending the FOB
“A” Way
Some Lessons from COP Keating
Captain Soapes: FOB Mayor
Have a Battle Plan
After Action Review
Chapter 4: Me and the Sergeant Major, We Love
Training
The Power of Compound Returns
The Blackhorse Regiment Knows Training
Make Investment Automatic
ROTH IRAs
Never Go to Battle without a Plan
Compound Returns, Part Deux
After Action Review
Chapter 5: Protect the Home Front
Insurance
Insurance—What Is It?
Buying Life Insurance: Know Your Mission
“A” Way
CPT Adair: The Fighting Adjutant
Do Your Heirs Know Your Last Wishes?
After Action Review
Chapter 6: The Value of Advice
Seek Wisdom, Avoid Overconfidence
Selecting Your Cabinet
Great Leaders Delegate
After Action Review
Chapter 7: Turning Your Strategic Objectives into
Mission Statements
The Fundamentals of Planning
“A” Way
After Action Review
Chapter 8: Build Your Armed Forces, Not a Gun
Collection
Asset Allocation Fundamentals
Army
Navy
Air Force
Marines
Build Your Armed Forces with a Mission in Mind
No Two Armed Forces Are Alike
After Action Review
Chapter 9: Why We Fight
Make a Difference
Nothing Worth Doing Is Easy
Afterword
Glossary
About the Author
Index

Cover image: iStockphoto.com (Background: Andrey Kuzmin / Emblem:
Grynold) Cover design: Wiley Copyright © 2014 by Combat Finance, LLC. All
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Library of Congress Cataloging-in-Publication Data: Neddenriep, Kurt.
Combat finance : how military values and discipline will help you achieve
financial freedom / Kurt Neddenriep.
pages cm
Includes index.
ISBN 978-1-118-81750-6 (cloth); ISBN 978-1-118-81753-7 (ebk); ISBN 978-1-
118-81752-0 (ebk) 1. Finance, Personal. 2. Military discipline. I. Title.
HG179.N4136 2014
332.024–dc23
2013038601
To my beautiful wife, Katie, who has walked beside me through two commands,
a deployment, and Combat Finance—I love you, sweet girl.
To the men and women of 1st squadron, 221st cavalry, both past and present.
Thank you for your dedication, service, professionalism, and support. It has
truly been my honor to serve with you.
To SPC Brandon K. Steffey and his military working dog Maci, both KIA
October 25, 2009, Laghman province, Afghanistan, and to all of our fallen
servicemen and -women. May we live lives that are worthy of your sacrifice.
Preface
Combat Finance is a financial self-help book that takes the fog of the everyday
financial battle and breaks it down into an easily understandable process that you
can use to reach personal financial freedom. I think you’ll find it to be an
uplifting read that uses basic military analogies to help explain financial
concepts in a way that you can immediately apply to your personal situation,
regardless of whether you are 18 or 81. The purpose of this book is to both
educate and entertain and, therefore, it is not a financial dissertation, nor is it a
white paper on military doctrine and tactics. It is not a book of war stories about
staring down the enemy and it’s not just for those with military service. It is a
book that will make sense even if the closest you have ever come to the military
is making cookies with a Cub Scout den mother.
I wrote Combat Finance to help instill the values, principles, and discipline
that it takes to succeed financially, so don’t expect any gimmicks or get rich
quick schemes. But don’t get me wrong—getting your finances under control
doesn’t have to be like getting a root canal, either. You’ll see that following the
fundamentals and maintaining self-discipline is easy when you have a plan and a
process. That is what I’m going to teach you in Combat Finance, and I think
you’re even going to have some fun along the way. Who knows, you might even
learn to appreciate what you have more and worry about what you don’t have
less, all the while knowing that you have a plan in place to become wildly
successful over time. After all, who wants to just get by? As a Combat Finance
reader I want you to set high expectations for you and your family and then
surpass those expectations. But to get there you need a plan, a process, and the
discipline to see it through, so let’s get going.
Acknowledgments
I am deeply grateful for the support, advice, and love of my family and friends,
especially my wife Katie, who supports me in all my endeavors, both brilliant
and not so. To my father, Doug, who taught me to never quit and my mother,
Jean, who loved me no matter what. To Lizanne and Kristie for being the best
big sisters a guy could ask for. Thanks to you two, I never had to face anything
by myself growing up unless I chose to go it alone.
I would also like to add my sincere gratitude to the following:
John Mack, without whom this book would not have been published. Thank
you for your years of support for our firm’s military reservists. The men and
women of the Wildhorse Squadron will never forget that you, and James
Gorman flew all the way to Indianapolis to see us off on our deployment and
never sought a word of recognition. Thank you both for making our firm a great
place to work.
Eric Lupfer of William Morris Endeavor, I knew that the son of a retired armor
officer would get results, and you did. Your advice and counsel have been a
tremendous resource, and I cannot thank you enough.
My wealth advisory team, José Negrete, Deborah Marcom, Joel McConnell,
and Ryan Gilbrech, as well as David Lawrence, David Fritz, Curt Petersen, Nick
Gormley, and Melissa Gutknecht. Thank you all for your support. I could not
have done this without your efforts.
David Darst and Congressman Mark Amodei for your advanced praise for
Combat Finance. Thank you for your trust and confidence.
Dr. Ty Cobb and Ted Stoever for your advice and unwavering friendship.
The men and women of the Wildhorse, 1-221 Armored Reconnaissance
Squadron, both past and present. Your dedication, discipline, and
professionalism will live with me for the rest of my life. It was an honor to serve
with you and to command such a fine group of men and women.
Major General Frank Gonzales, Major General Giles Vanderhoof, Brigadier
General Bob Fitch, Brigadier General William Burks, Colonel Jerry Bussel,
Colonel Dennis George, Colonel John Morrow, Colonel Steve Spitze, Colonel
Lou Cabrera, LTC Scott Cunningham, and all of the past commanders of the
Nevada National Guard and the 1-221 ARS, thank you for your leadership and