“I really thought that a cornerstone of my business development plan was to take advantage of my ability to retire from my final duty station – to look around my community – and find ways to build relationships over time that I could then build upon when I started [my business].”
– Forrest Baumhover
Forrest Baumhover recently retired from 24 years in the Navy, first as a hospital corpsman, then as a Supply Corps Officer. While on Active Duty he became a certified Financial Planner and started a fee-only financial planning practice, Westchase Financial Planning. He also runs the site, Military in Transition.
Why to Listen:
Forrest anticipated his transition very early on and prepared for starting his own company in a very proactive way. This is also my first interview with a financial planner, and may be an interesting career path for other veterans.
- StoryBox – People trust each other more than advertising. StoryBox provides the tools and supports businesses need to take the best things customers say about them, and use them to drive more sales and referrals. StoryBox offers a 10% discount to companies employing veterans of the US Armed Forces.
- Audible is offering one FREE audio book to Beyond the Uniform listeners. You can claim this offer here, and see a list of books recommended by my guests at BeyondTheUniform.io/books
- Doug Nordman’s interview about financial planning & independence
- Kate Horell’s The Paycheck Chronicles
- Ryan Guina at Cash Money Life and The Military Wallet
- You have taken a very proactive approach to planning for your transition – can you tell us more about when that started and how you’ve gone about it?
- What drew you to financial planning?
- Could you share more about what you do at Westchase Financial Planning?
- What was your experience like at the College for Financial Planning?
- How do you balance Active Duty with preparing to transition?
- What advice do you have for listeners about their personal finances and preparing for the transition?
- Good resources for finances