Originally Posted by C9785368
Hello due to undisclosed events I was retired from them military at a young age.
I am rated at 100% through the VA and receiving the income at thate rate indefinitely.
My wife currently works also making minimum wage as she will be attending college soon and wants part time to focus on schooling.
What are some things I can do to have a better future financially?
I am unable to work and I am under 25 years old.
I read about IRA's and such but don't understand them well enough.
There are many moving parts to "a better future", many of them having nothing to do with financial. There are members here who retired early with very little and are quite content.
The main question for anyone is what kind of life do you want for yourself, now and in the future. Your greatest asset at this point is your young age and time to work on what you want in your life. For someone unable to work with lifetime (I assume) disability benefits, I would start by asking myself quality of life questions, and only then begin to focus on learning more about investing, etc.
All organizations have, or should have, a mission, vision, goals, and plans. Without getting too esoteric, what is your mission at this point in life? Why are you here and what are your gifts as a result of the life you've led (and please don't say you don't have any gifts; everyone does, if only undiscovered ones). What is your vision for your future, and what goals and plans can you realistically create to realize that future? This concept should guide and direct your financial decisions/actions.
I have been studying success and achievement since I was a teenager, and have lost track of how many books I've read, how many audiotapes I've listened to, and how many workshops I've attended on the subject. Without question, the most impactful work I've come across is that of Brian Tracy. The man is brilliant, IMO. If you're so inclined, I recommend listening to this by him as a starting point for creating what's next for you (it was a game changer for me when I first came across it at 32 years old):
To learn about investing, an outstanding resource is the Bogleheads Forum. OTOH, you want to know what
is driving your financial decisions. As you're the only who can answer that, it's best to start with knowing yourself.
Good luck and good fortune.