Navigating Financial Independence as Active Military with Coach Ty | Ep. 320 | Money Talk With Tiff podcast

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Episode description

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Episode description

In this enlightening episode of Money Talk with Tiff, Tiffany Grant welcomes Coach Ty, host of the Little Steps Big Moves podcast. The two dive deep into Coach Ty’s unique journey towards financial independence while actively serving in the military.

They discuss various strategies and philosophies around financial independence, including concepts like CoastFI and LeanFI, and the impact of real estate investment.

An educator by a purpose-filled calling, she taught and coached in the public education system until called to Active Duty in 2003.

She continues to educate and coach today but in an evolved way.

Ty mentors women and speaks about real estate, leadership, and entrepreneurship. In 2022, she launched a podcast, Tiny Steps, Big Moves, highlighting the inspirational stories of women who have career-pivoted in life. In late 2023, she launched her website coachtyinspires.com, centered around the theme Live your Best Life 2.0, encouraging women to set goals and outcomes, remove the limits, and unleash their greatness. Additionally, she is the founder of Renaissance Properties of the Carolinas, a licensed realtor in NC, and a real estate investor in the southeast.

[00:00] Transitioning to coastal financial independence from military.

[06:01] New military member finds financial independence path.

[09:54] Budgeting, tracking, and understanding spending habits.

[12:42] Plan expenses, increase savings, supplement income sources.

[14:09] Real estate as primary investment for retirement.

[19:02] Embracing community and personal growth while advancing.

[21:14] Podcast features women sharing career pivot stories.

Introduction to Financial Independence (FI) in the Military Context: Coach Ty shares her approach to achieving financial independence through her military career, emphasizing the similarities and unique aspects of FI in active duty compared to civilian FI strategies.

Understanding FI Terminology:

CoastFI: Described by Coach Ty as a more relaxed approach where one still maintains financial independence but continues to work, allowing for a gradual progression towards full FI.

LeanFI (Real LeanFI): Coach Ty’s strategy focusing on covering basic living expenses through investments, setting a foundation before progressing towards more comprehensive financial goals.

Personal Journey and Motivation: Coach Ty elaborates on her background and the personal motivations driving her pursuit of