Tips, advice, and the latest news from the savings world.
By FINRA Investor Education Foundation Staff
Sometimes military families unintentionally invest in real estate. You purchase a home at one duty station, and then receive unexpected PCS orders to another duty station beyond commuting distance of their current home. You may not have time to sell your property, or may determine that the housing market has declined, and it’s not the right time to sell. Congratulations, you are now an “inadvertent landlord!"
Alecia D. Blair, Military Saves Communications Project Manager, AFC® Candidate, FINRA Foundation Fellow
If service life, with frequent PCS moves, has you steering clear of the longer-term commitments and costs of purchasing a home, doing so doesn’t mean you have to be sidelined from building wealth. You can build wealth in other ways that give you the financial flexibility to go where the military moves you. Here are some wealth-building tips for your rucksack.