Military Pay & Benefits 2021 | Is it Worth It?

Military Pay & Benefits 2021 - Is it worth joining the military?

How much money do people make in the military? In this video, we're going over different types of military pay, and how military pay is determined, and tell you how much money you get paid while serving in the military.

0:26 - Alex & Phillip's military careers so far...
0:35 - Joining the military to get rich
0:46 - Every branch of the military has a different rank system
0:54 - Every brand of the military has the same grading system
1:04 - Alex & Phillip's ranks
1:13 - What is enlisted Base Pay?
1:23 - Entry level military pay as an E-1
1:28 - Ways to immediately get promoted when you join
1:43 - E-1 Base Pay
2:04 - How to easily get promoted
2:30 - Stay fit so you can pass your fitness tests
2:50 - Every 2 years you get a pay increase based on time in service
3:03 - E-5 Base Pay
3:15 - E-7 Base Pay
3:31 - Military Pay Chart
3:43 - Basic Allowance Housing BAH
3:49 - Getting paid to live off base
3:51 - How BAH is calculated
4:00 - What NOT to do to get BAH
4:47 - Watch out for Dependas
4:54 - What is a Dependa?
5:38 - Examples of BAH in Portland, Oregon
5:52 - BAH for E-1 with dependents
5:57 - BAH for E-5 with dependents
6:02 - BAH for E-7 with dependents
6:07 - BAH plus Base Pay each month
6:15 - BAH is NOT TAXABLE!
6:22 - Base Pay is what is reported for taxes
6:34 - Basic Allowance for Subsistence
6:53 - BAS is money to buy food
7:15 - How BAS is calculated
7:27 - BAS is also tax free
7:30 - There are other ways to make additional money
7:38 - Calculators for figuring out your pay
7:56 - Adding up the 3 pay types
7:59 - E-1 pay calculations
8:19 - E-1 total pay with dependents in Portland
8:29 - E-5 pay calculations
8:39 - E-5 total pay with dependents in Portland
8:45 - Making a career in the military
8:50 - How much money Phillip & Alex make?
9:05 - Military pay is public knowledge
9:14 - How military pay fluctuates by your location

MILITARY PAY CHART
https://www.militaryfactory.com/military_pay_scale.asp

BAH CALCULATOR
https://www.defensetravel.dod.mil/site/bahCalc.cfm

BAS LINK
https://www.military.com/benefits/military-pay/allowances/basic-allowance-for-subsistence.html

ALLOWANCES
https://www.military.com/benefits/military-pay/allowances

SPECIAL DUTY ASSIGNMENT PAY
https://www.military.com/benefits/military-pay/special-pay/special-duty-assignment-pay.html

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Видео Military Pay & Benefits 2021 | Is it Worth It? канала Adult Financial Skills