Fee-Only Financial Advisor Sean Gillespie talks about making wise investments! Redeployment Wealth

Episode: 91

Sean Gillespie

Join David Pere (The Military Millionaire Podcast) with Sean Gillespie (Redeployment Wealth) as they talk about his experience of being a fee-only financial planner. Sean explains the differences between fee-only and commission-based financial planning and how fees have overtaken commissions in generating revenue in the financial industry. Among many topics, they touch on insurance, infinite banking, cash reserves, and diversifying your portfolio. He also goes deep into the volatility of the stock market versus real estate and the importance of considering things that insurance policies don’t cover.

By the end of the episode, you will get your spending under control, prepare for the future, and take some time to enjoy the things you’ve worked hard for. Enjoy the podcast!

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About Redeployment Wealth:

Each of us served a career in uniform before moving on to become financial planners. And we each sat in the mandatory transition course wondering how we'd trained for our entire careers to perform dangerous tasks and missions with skill and confidence, only to arrive at the end of our careers and be told we should be afraid of everything coming next. The financial aspects of military retirement, in particular, were delivered through a fire hose in a few hours...except for the parts that weren't covered at all. At that point, we each knew what our next mission was, and we each spent the next several years pursuing it separately until meeting in 2017. Not too long after that, we determined we'd be better at it--and our clients would be better served--if we worked together. So now we do.

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Advice to an 18-20-year old: 1. Get your spending under control, 2. Contribute to your TSP (at least 5% match), 3. Don’t work at a discount!

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Recommended resource(s):

Millionaire Next Door: https://amzn.to/3aksOeC

Simple Wealth, Inevitable wealth:  https://amzn.to/2XWomAz

FI101 by Steven Heptic: https://academy.choosefifoundation.org/

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You can find Sean Gillespie on…

Website: https://www.redeploymentwealth.com

Facebook: https://www.facebook.com/Redeployment-Wealth-Strategies-208595006502320/

LinkedIn: https://www.linkedin.com/company/redeployment-wealth-strategies/about/

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Veterans REI Live: https://veteransrei.com/home

Real Estate Investing Course: https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

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SUBSCRIBE: https://bit.ly/2Q3EvfE

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Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.