4.8 • 872 Ratings
🗓️ 2 December 2019
⏱️ 41 minutes
🧾️ Download transcript
Our guest today is Ed from https://educatorfi.com/. He has a current net worth of 1.25M. He has about 300K in real estate, including a vacation home, 200K in cash, and 700K in the market. We discuss his career in public education including his journey from teacher to principal to district administrator. Furthermore we discuss how he paid off over 125K in debt. Ed also shares terrific advice on 403(b) and 457 retirement account planning and pensions.
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0:00.0 | The other big mistake of course is lifestyle inflation. It's a really common thing. |
0:05.0 | We made more money every year for years and we were saving almost nothing. |
0:10.0 | We were spending all of it. |
0:12.0 | And so at each turn we just spent what we earned |
0:15.9 | rather than having that financial plan and making choices. |
0:19.2 | You're listening to the Millionaires Unvealed Podcast, where you'll hear the stories and interviews of everyday millionaires. |
0:28.0 | We'll unveil their decisions, their strategies, and their current portfolio allocation. |
0:35.0 | Now to your hosts, Clark Sheffield and Jace Matinson. |
0:40.0 | Alrighty, hello and welcome back to another episode of the Millionaires Unveiled |
0:43.8 | podcast this is episode 110 Clark how's it going today good how are you doing |
0:49.3 | great man the weather is super warm here we actually had a 87 degree day if you can believe it down here in Texas. It was a record. |
0:57.0 | Wow, that's crazy because we're still in the think, well we're just in the 50 today, but it's been in the 40s. It's been pretty cold here in New York. |
1:03.1 | So that sounds that that sounds a little nicer right now. |
1:05.4 | Yeah, you know, I got an email this morning too that the the Schwab TD Ameritrade |
1:09.8 | deal that we talked about last week is now official. |
1:13.0 | Yeah, who do you use? |
1:15.0 | You have TD or Schwab? |
1:16.0 | So I actually have a little bit with TD. |
1:18.0 | It's mainly just through self-directed, |
1:21.0 | some self-directed investments with my 401k and then I also have some |
1:24.5 | HSA investments that flow through there and then also an old ESA account so |
1:30.9 | who knows what it'll look like when it's all sudden down. They show they're going to keep the swab name. But I think the, you know, the platforms and everything will kind of be user-friendly like they are now. |
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