30 Day Financial Transition Challenge Day 30: Transition GPS

Welcome to Day Thirty of the “30 Day Financial Transition Challenge.”  Today’s article focuses on Transition GPS (formerly known as TAP).

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Transition GPS is a mandatory part of military out-processing.  If properly utilized, Transition-GPS can be a powerful tool in helping to transition to civilian life.

Why?

Many servicemembers go through the motions while in Transition GPS and don’t fully take advantage of what it offers.  Some people already have their post-military career waiting for them, while others are so inundated with the ‘here & now’ to really focus.

However, Transition-GPS is a great opportunity to take advantage of the military’s resources.  Most importantly, it’s a week-long opportunity to get out of the day-to-day work environment and focus on you!  Today, we’re going to see how you can use Transition GPS to best use.

If you’ve played your cards right, you should have a to-do list from each day’s activities.  Today is the day to do one of two things:

  • If you’ve already gone to Transition GPS (formerly known as TAP), reconcile these with your Transition GPS takeaways
  • If you have not, develop this into a list of questions you can ask during your time in Transition GPS class.

Goal

Today’s goal is to reconcile your to-do list into your Transition GPS takeaways.

What you need:

Your to-do list from the first 29 days of the 30 Day Financial Transition Challenge.

How-to

This exercise consists of a simple checklist of questions to help frame your approach.

  1. Do you have a ‘to-do’ list or a list of questions already, based on the first 29 days?  If not, go back and make this list.
  2. Have you already signed up for Transition GPS?        
  • If no, then schedule your class. After that, break your ‘to-do’ list into categories of items that you can ask about during class
  • If yes, can you go back and see if you’ve already been directed to the resources to answer your question?
  1. Do you need to reschedule Transition GPS to cover items you might have missed?   
  2. Does your installation have other resources available?  Take advantage of them and schedule them as you can.
  • LinkedIn seminars
  • Public speaking or networking workshops
  • Entrepreneur-track programs (provided by SBA)
  • Education classes (provided by Department of Education)
  • USA Jobs class
  • Local networking, job search, or training opportunities
  • Career fairs

Conclusion

You’ve reached the end of the 30 Day Financial Transition Challenge.  Hopefully, you’ve had the opportunity to combine all of the ‘to-do’ items into one comprehensive checklist.  If you need help in anyway, you should go back through your list to identify the areas where you need professional assistance.  The most important thing to keep in mind is that you are in charge of achieving your goals.

If, for any reason, you feel like you need financial assistance, you should first contact your installation’s financial counselor.  However, if you have concerns that your counselor cannot address, please feel free to reach out to the Military In Transition Facebook Group, or check out the About Forrest page to learn more about my services.

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30 Day Financial Transition Challenge Day 29: Community Involvement

Welcome to Day Twenty-Nine of the “30 Day Financial Transition Challenge.”  The purpose of today’s article is to help you focus on your community relationships.

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Earlier in this series, we discussed the benefits of networking.  Establishing and fostering community relationships is a great way to strengthen your personal and professional networks. Continue reading

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30 Day Financial Transition Challenge Day 28: Cash Flow

Welcome to Day Twenty-Eight of the “30 Day Financial Transition Challenge.”  The purpose of today’s article is to help you focus on your budgeting and cash flow.

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Throughout the challenge, you’ve had the opportunity to identify opportunities to cut waste from your financial life, or concerns that need additional investment.  By now, you should have a good idea of where you’re feeling financial pressure, and you might have some ideas of how to redirect your cash flow to support your goals.  Today, you’re going to take some time to put it all together. Continue reading

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30 Day Financial Transition Challenge Day 27: Developing Networks

Welcome to Day Twenty-Seven of the “30 Day Financial Transition Challenge.”  Today’s article focuses on developing your personal and professional networks.

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Your transition can be a very stressful time, and it’s important to have a network of people who can support you.  Today, we’re going to focus on the network you’ve already established and find opportunities to strengthen that network.  Continue reading

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30 Day Financial Transition Challenge Day 26: Physical Wellness

Welcome to Day Twenty-Six of the “30 Day Financial Transition Challenge.”  Today’s article focuses on your physical well being.

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Your transition can be a very stressful time.  During times of high stress, it’s very easy to lose perspective regarding your physical fitness.  Today, we’re going to take a look at your physical wellness goals and incorporate them into your to-do list. Continue reading

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30 Day Financial Transition Challenge Day 25: Quality of Life

Welcome to Day Twenty-Five of the “30 Day Financial Transition Challenge.”  Today’s article focuses on your quality of life.

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While it’s important to focus on the financial impacts of your military transition, you need to balance that focus with some of the non-financial aspects of your life.  Setting expectations for your quality of life will help you establish that balance. Continue reading

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30 Day Financial Transition Challenge Day 24: Employment

Welcome to Day Twenty-Four of the “30 Day Financial Transition Challenge.”  Today’s article focuses on your post-military employment.

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In the first part of this series, we focused a lot on your personal finances.  Today, we’re going to look at your post-military employment prospects and make sure that your financial decisions are in alignment. Continue reading

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30 Day Financial Transition Challenge Day 23: PCS Move

Welcome to Day Twenty-Three of the “30 Day Financial Transition Challenge.”  Today’s article focuses on your post-military household goods move and relocation.

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As you exit the military, you’ll want to make sure you understand your entitlements for your final PCS move.   Even if you plan to stay in the local area after your transition, circumstances might change and require you to relocate.  If that happens, you’ll appreciate the time you took to learn more. Continue reading

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30 Day Financial Transition Challenge Day 22: Disability Insurance

Welcome to Day Twenty-Two of the “30 Day Financial Transition Challenge.”  Today’s article focuses on disability insurance.

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As you exit the military, it’s important to look at protecting your post-military income, especially from death and disability.  While we covered life insurance in Day 17, it’s just as important to look at your income risk from a disability perspective. Continue reading

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30 Day Financial Transition Challenge Day 21: Long Term Care

Welcome to Day Twenty-One of the “30 Day Financial Transition Challenge.”  Today’s article focuses on long term care.

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Most servicemembers probably do not need to worry about long term care when they exit the military.  However, long term care does have an impact on many families.  Today, we’re going to take a look at whether this applies to your family, and make sure you incorporate this into your plan, if necessary. Continue reading

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