12% TSP Returns? How Long to Become a TSP Millionaire #127

The Military Money Manual Podcast

For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call! 12% annualized return in my TSP?? Take an inside look at Spencer's actual TSP numbers to show exactly how quickly your account can grow once you start contributing to your TSP and then eventually maxing it out. Spencer and Jamie both got off to a slow start and didn't max out their TSP accounts right away. But now, compounding interest is taking off and the future is looking bright. It's ok to not max it out right away. You don't need to get it right every time, every year. Find a strategy that works, back-test your plan, and contribute automatically. Bottom line- investing in the TSP is a long-term win for you! PortfolioVisualizer.com https://www.portfoliovisualizer.com/ Compound Interest Calculator on Investor.gov https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator A Random Walk Down Wall Street book https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393330338 The Little Book of Common Sense Investing https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/0470102101 The Simple Path to Wealth by J.L. Collins https://jlcollinsnh.com/books/ Personal Finance Club's chart of average stock market returns https://www.personalfinanceclub.com/heres-why-the-sp-500-doesnt-return-10-per-year/

Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE! If you're an E-4 or below, e-mail us at [e-mail], and we'll send you a promo code to use for a FREE course.

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email [e-mail].

If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.