STEP BEYOND A THANK YOU FOR YOUR SERVICE
Next Command is a nonprofit organization that provides veterans with the opportunity to learn about and invest in real estate.
Empowering Veterans Through Real Estate Investments
The key challenges that veterans face when transitioning to civilian life include finding a job, finding safe and profitable investments, and managing their finances for generational wealth.
We believe that real estate investing can help veterans overcome these challenges by providing them with a source of passive income and a sense of purpose.
Fulfilling Dreams: Supporting Veterans in Real Estate
Our work with active-duty veterans and retired veterans. We believe that veterans are uniquely qualified to succeed in real estate investing, as they have the discipline, teamwork, and leadership skills that are essential for success in this field.
Veterans who are not financially savvy can face a range of challenges that may impact their financial well-being and overall quality of life. Some of these issues include:
High Levels of Debt
Lack of financial knowledge can lead to poor decision-making, such as taking on excessive debt through high-interest loans or credit cards. This can lead to a cycle of debt and financial stress.
Insufficient Retirement Planning
Veterans may not adequately plan for their retirement, leading to difficulties in maintaining their standard of living once they stop working. Without proper retirement savings and investment strategies, they may struggle to cover their expenses during their retirement years.
Missed Opportunities for Benefits
Veterans may not be aware of the various benefits and resources available to them, such as VA (Department of Veterans Affairs) benefits, education assistance, healthcare options, and housing programs. This lack of awareness could result in missed opportunities to access crucial support.
Limited Emergency Fund
Without financial knowledge, veterans may not prioritize building an emergency fund. This lack of savings can make them vulnerable to unexpected expenses, such as medical emergencies or car repairs, potentially forcing them to rely on high-cost borrowing options.
Inadequate Insurance Coverage
Veterans might not fully understand the importance of insurance coverage, including health insurance, life insurance, and disability insurance. Insufficient coverage could lead to financial strain in case of unexpected events.
Poor Investment Decisions
Lack of financial literacy can lead to poor investment choices or falling victim to scams. Veterans may not understand the risks and potential returns of different investment options, which could impact their long-term financial growth.
Limited Understanding of Taxes
Veterans who are not financially savvy might not take advantage of tax credits and deductions that could lower their tax liability. Additionally, they may not understand their tax obligations, leading to potential issues with the IRS.
Difficulty in Budgeting
Without proper budgeting skills, veterans may struggle to manage their expenses effectively. This can lead to overspending, inadequate savings, and difficulty covering essential needs.
Housing Challenges
Veterans might not be knowledgeable about the various housing assistance programs available to them, which could lead to difficulties in finding affordable and suitable housing.
Retraining and Career Transition
Veterans transitioning from military to civilian careers might not understand how to effectively translate their skills and experience into the civilian job market. This could result in difficulties finding suitable employment or navigating the complexities of career transitions.
To address these challenges, Next Command's mission is to educate veterans to provide valuable resources to help improve their financial literacy, make informed decisions, and secure their financial future.
Investing involves inherent risks, including the potential loss of your invested capital. Past performance should not be taken as a guarantee or indication of future results. Any historical returns, expected returns, or probability projections should not be relied upon as a guarantee of actual future performance. While we strive to utilize reliable data from third parties, we cannot guarantee the accuracy or completeness of data provided by investors or other third parties. Freedom Fund Capital and its affiliates do not provide tax advice, and we do not assert that the outcomes described here will have specific tax consequences. Any offer to sell or solicitation to buy securities can only be made through official offering documents that contain important information about investment objectives, risks, fees, and expenses. Before making any investment decision, prospective investors should consult with a tax or legal adviser.