Episodios
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Building a real estate investing empire while on active duty may seem like a monumental task, but it’s entirely possible with the right strategies. Johnny Lynum, a Lieutenant Colonel in the U.S. Air Force, has done just that, growing his portfolio to over 115 properties worth $14 million.
In this episode, Johnny shares his journey into real estate investing, the methods he used to build wealth while serving full-time, and the lessons he learned along the way. He discusses how he identifies promising markets, common pitfalls new investors should avoid, and offers practical advice for fellow service members who want to get started in real estate.
Johnny Lynum is a Lieutenant Colonel in the United States Air Force who has served for over 19 years as a developmental engineer and intelligence officer. He is also an author, philanthropist, seasoned real estate investor, and coach. He has actively invested in real estate since 2006 and has purchased and sold single and multifamily properties across the SouthEast.
Johnny has over 115 doors in his real estate portfolio valued at over $14M, primarily located in Panama City, FL, and Montgomery, AL, real estate markets. Through his military service, Johnny has gained tremendous experience by leading diverse teams in deployed environments and managing a $1.3 billion dollar development contract. These skills have been instrumental in his ability to scale his real estate investing business while still actively serving our country full-time.
https://milmo.co/podcast/real-estate-investing-empire
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Serving in the military comes with some perks. The VA home loan guarantee is one of the more popular benefits. It helps service members and veterans with home ownership. While it’s generally talked about, sometimes the exact details aren’t and can lead to not getting the most out of your benefit.
In this episode, Dr. Paul Lawrence discusses VA home loans in detail. He shares how the benefit works, who is eligible, how it can be used, and common misconceptions about it. He also talks about lesser-known VA loan benefits like Specially Adapted Housing grants.
https://milmo.co/podcast/VA-home-loan-guarantee
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Members of the military are involved in problem-solving. It’s at the heart of a successful mission. Many don’t realize that it is also at the heart of STEM, or science, technology, engineering, and mathematics. It’s all about data and problem-solving.
In this episode, Navy veteran Anne Gibbon discusses how she is building a business to help others use data to its fullest potential to make better decisions. We also talk about her experience as the first woman to box for the Naval Academy and building a think tank for Seal Team 6.
https://milmo.co/podcast/data-to-drive-change
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It’s no secret that I’ve had some trademark issues. When you build a business, you’re bound to be touched by trademarks in some way. You could file for your own trademark, or someone could be infringing on yours or you could be trying to be preventative. There are a lot of areas.
One that is particularly unnerving is getting a notice from an attorney or, even worse, the United States Trademark and Patent Office that you’re infringing on someone else’s trademark or that your trademark is in jeopardy. Everyone can guess the reaction letters like that would cause. Pure panic to anyone who receives it. Do you know who knows that best? Scammers. I know this because I just almost got trademark scammed.
In this episode, I’m sharing what trademark scam I was targeted with, what I did, the most common types of trademark scams, and how to keep yourself protected.
Show notes: https://milmo.co/podcast/trademark-scam
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Transitioning from military service to civilian life can be challenging, especially when it comes to finding a new career path in entrepreneurship. Not only are you starting something new, you have to make your own paycheck.
In episode 305, I’m joined by Justin Brock, a Marine veteran who went from aviation operations in the Marine Corps to building a successful career in financial services and running a thriving business. We dive into his journey, the lessons he learned about sales and marketing, and how he grew his insurance business by focusing on authentic relationships and quality service. Justin also shares valuable insights for veterans looking to start their own businesses.
The show notes can be found here: https://milmo.co/podcast/authentic-marketing-and-sales
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Service members and their families are a protected group when it comes to their finances. The Department of Defense intentionally protects the military community from predatory financial sales practices while they are serving. Those protections are no longer there when you separate or retire, making transitioning service members top targets of predatory sales practices.
In this episode, Drew Stamp discusses what service members and their families are up against when they’re leaving the military and how to educate themselves and combat bad actors in the financial and veteran space. We also discuss whether all the benefits the community receives could negatively affect them.
We talk about:
Transitioning from Military Service Purpose, Identity, and Community Predatory Financial Practices Financial Literacy Gaps Misleading Sales Practices The Importance of Gratitude and Self-Sufficiency Positive Traits of Financial Professionals Financial Planning for TransitionShow notes: https://milmo.co/podcast/predatory-financial-sales-practices
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The relationship between money and marriage can be complex especially when you add military service to the mix. When you bring two different backgrounds to a relationship and if you’ve had marital problems, managing money together can be all the more challenging.
In this episode, veteran and military spouse Tyron White and I discuss the financial challenges military couples face, the importance of seeking help for both marital and financial issues, the power of financial therapy, and the misconceptions about getting help.
Show notes: https://milmo.co/podcast/rebuilding-financial-health /
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Separating or retiring comes with changes in many areas of your life and money. One of those often overlooked big changes is your taxes.
What you did or didn’t pay in taxes looks a lot different after military service.
In this episode, Matt Stephens and I discuss what the tax differential wage equivalent is, why it matters, and how it can significantly impact your financial decisions as you move from military to civilian life.
Show notes: https://milmo.co/podcast/tax-reality-every-veteran-needs/ -
It’s my Birthday Week on the MILMO® Show. Every year for my birthday, I like to interview someone special in my life. In past years, I’ve interviewed my Mom, Dad, and my 97-year-old grandmother. This year is no different. I have a very special guest to help me celebrate my birthday on the show.
In this episode, my brother, Brian Flanigan is in the hot seat answering all of my questions. He shares the biggest challenges he has faced retiring from the Air Force, the best thing he got out of the military and advice for people getting ready to separate or retire. He even shares his experience of being diagnosed and fighting cancer on active duty.
Show notes: https://milmo.co/podcast/2024-birthday-week
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It’s my 300th episode. When I started, I never imagined being where I’m at now. Having a podcast is like being on a roller-coaster. There are ups and downs, twists and turns, but it’s all exhilarating.
In this special episode, I’m sharing a look back on podcasting 300 episodes of the MILMO Show, a behind-the-scenes look at what I do, lessons learned, and the questions and answers I’m asked about podcasting.
Show notes: https://milmo.co/podcast/podcasting-look-back-300-episodes
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I love that I get to talk to you every week about money and entrepreneurship. I’m getting real close to my 300th episode, which means a lot to me. While I love that I have the privilege to be one of the podcasts you listen to, I want to do more. I want to go beyond devices and connect with members of the MILMO® community in a more meaningful and impactful way. I’ve been planning something for a while—something that will bring the MILMO® community together.
In this episode, I’m going to tell you what MILMO® Meet is, my vision for it and one teensy change I’ve made to the branding of MILMO®.
Show notes: https://milmo.co/podcast/announcing-milmo-meet
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A PCS or Permanent Change of Station impacts every part of your life, including your finances and jobs. Understanding the basics of PCSing can help you avoid costly mistakes and maybe make some money on it.
In this episode, Kate Horrell breaks down the financial basics of a PCS, the allowances provided by the DoD for your move, and advice to make everything go smoother.
Kate is an Accredited Financial Counselor®, Chartered Financial Consultant®, Military Qualified Financial Professional, and founder of Kings High Media. She creates personal finance content that helps our military and veteran community make the most of their pay and benefits. In addition to being a financial expert, Kate knows a thing or two about being a military spouse and PCSing. She’s been married to a now-retired sailor for 30 years, corralling four girls and two cats across four OCONUS tours and a handful of homes in the US.
Show notes and resources: https://milmo.co/podcast/pcsing -
Not everyone tracks the state of the economy, but when the news reports that it’s taking a nosedive, that usually gets people's attention. There is one thing at the heart of our economy that can help you have a better understanding of how it all works, and that’s the federal funds rate.
In this episode, I’m going to break down what the federal funds rate is. Who sets it? And most importantly, why should you, as someone managing your or your family’s finances, care about it?
The show notes can be found here:
https://milmo.co/podcast/federal-funds-rate
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Have you ever had an idea to make a product that other people might be willing to buy? Many of us have, but how do you take your idea and get it produced and packaged to sell? You also need to have the resilience, innovation, and entrepreneurial spirit to get it done.
In this episode, Air Force veteran, Haley McClain Hill shares her behind-the-scenes experience building TORCH Warriorwear, a company born from her military background and entrepreneurial spirit. We talk about how she turned an idea to be more comfortable in uniform into a global brand, secured partnerships with major organizations, and even landed a deal on ABC's Shark Tank.
Show notes: https://milmo.co/podcast/creating-a-product-and-winning-pitch-competitions
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You know that feeling when you bite off way more of a burrito than you can chew? It's overwhelming. Instead of enjoying the taste and appreciating the awesome sustenance, you’re panicky and scared you’ll choke to death. Well, that’s exactly what many of us do with our finances. We set massive goals, take it too much information, and try to tackle everything at once. Then we end up feeling overwhelmed, paralyzed, and defeated. But great news, there's a better way.
In this episode, I’m going to break down why taking small, consistent bites out of your financial goals is the secret to lasting success. I’ll share practical strategies to make your money moves more manageable, celebrate small wins, and motivate you along the way.
https://milmo.co/podcast/financial-bites
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The world is packed full of information. With the Internet and a cell phone, we have all the knowledge in the world in the palm of our hand. No matter the situation, if you need information, it’s there. But how do you distinguish between key information you need to make decisions and unnecessary noise?
In this episode, Bob Hayward, retired Vice Admiral and former Navy SEAL, discusses how you can enhance your decision-making process in any situation with ”good gouge,” especially financial and career decisions.
We cover:
The concept of "the gouge" and its military origins and importance in decision-making Creating a culture of sharing knowledge and supporting others in organizations Advice for service members transitioning out of the military The importance of critical thinking and asking questions
Encouraging open communicationShow notes: How to Be Smarter in Any Situation
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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 strategiesShow notes: https://milmo.co/podcast/investing-fundamentals
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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 benefitshttps://milmo.co/podcast/insurance-basics
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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 -
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 trackThe show notes can be found here: https://milmo.co/podcast/managing-cash-flow
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