Brody Lockwood - Like a typical fledgling, I started down the track of financial indebtedness. Nineteen years old and nothing to lose. Credit - who need it? Savings - that was for older people with responsibility. Debt - my parents were in debt ergo it must be OK. When I was eligible for reenlistment, I reenlisted for a multiple of 3 worth $15K. I was happy to pay off my debt, but would I be able to stay out of debt?

Finally, a Senior NCO sat me down and taught me about mutual funds, debt reduction, and how to be financially responsible, He taught me how to live within my means and still have fun as a young "responsible" adult. I am now that Senior NCO, reteaching the same financial ethics that my teacher taught me. I am a Command Financial Specialist for my battalion. I praise the Savings Deposit Program and the Thrift Savings Plan. 

Financially, I am sound. I have no worries in the world. I got started young and invested early. Now I am able to save for my daughter's education in 529 plans all while saving form my own retirement. I wish that others, especially younger service members, could see through my eyes. Learn what I have learned. I thought about where I wanted to be in retirement and I worked my way backwards developing a financial plan. I opened my first mutual fund at age 21 and slowly acquired one after another.

I have suffered through two economic down-turns but I remain resilient and stay invested weathering out the storm. By not allowing myself to time the market and implementing dollar-cost-averaging, my portfolio has responded nicely over time. A day in the market measures your fortitude; a lifetime of investing measures your willingness to be great.

Gunnery Sergeant Robert E. Lockwood II


We want to brag about you! If you have a story to tell about your organization's Military Saves activities, please contact us.

Tell us about:

  • How you got the campaign going in your unit or other organization
  • What you've done to involve children and other family members
  • How much money your members have saved since getting involved in Military Saves
  • Particular individuals and families whose lives have improved because of saving money, or
  • Whatever you're especially proud of and want the rest of the military community to know about!

Tip of the Day

  •  Don't be fooled by online #shopping scams this #holiday season. Here are some tips to avoid falling victim to scams: http://ow.ly/qYuHf 

Pledge to Save

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Pledge to Save

Saver Stories View all »

Building Wealth by Setting Goals

My name is Allison Mecadon and I’m a Youth Coordinator with the Virginia National Guard Youth Program.  My husband, Tom, is an M-Day Army National Guard Member (an M-Day member is one who performs weekend drill, but is not on full-time duty). Tom just got back from a 1-year deployment to Afghanistan and before that served a one year ADOS tour (Active Duty Operational Support) at Ft Belvoir.

Read more...

A Disciplined Approach to Saving

I just recently retired after 30 years of service with the Marine Corps. I truly enjoyed my time serving the Corps and I flourished in the disciplined environment. I also took a disciplined approach to saving. Here are some of the tactics I used-they are very low to moderate risk.

Read more...

Money on the Side

Camp Arifjan, Kuwait -- A colonel in the 1st Theater Sustainment Command has money on his mind.

Army Col. George Fields, the Chief of Intelligence, or G2, has been teaching a free "Managing Your Money" class here in his spare time. More than 400 students have attended his six week-long class to learn more about increasing their own finances.

Read more...