Episode 293- How To Be a Future Millionaire: Teaching Gen Z About Financial Freedom, & Letting Go Of The American Dream With Dan Sheeks
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 26 October 2022
⏱️ 48 minutes
🧾️ Download transcript
Summary
Dan Sheeks, owner and founder of Sheeks Freaks, an online community helping young people live their best lives by making smart money decisions, joins the Journey To Launch podcast to talk about his passion for helping teenagers get on the path to become millionaires.
Achieving early financial independence is an option most people don't know even exist, which is why Dan spends his career making financial freedom education available to Gen Z and High Schoolers.
We chat about his new book, "First to a Million: A Teenager's Guide to Achieving Early Financial Independence", how to convince teens to care about money (hint: you can't), and why the American Dream needs a perspective shift.
In this episode, we discuss:
- Dan's definition of financial independence and financial freedom
- The power of learning about financial independence early and showing the next generation that it's possible
- Roth IRAs, 401ks, taxable investments, and the best option for just getting started in the world of investing
- Convincing Gen Z to care about their financial future, a case study in early financial independence, + "planting the seed"
- The four mechanisms of early financial independence + more
Transcript
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| 0:00.0 | You don't have to have everything figured out from the start and when you are starting |
| 0:05.8 | it is so intimidating and there's so much information that it just is overwhelming |
| 0:10.6 | and that's why most people never take action. |
| 0:13.0 | So I tell my young people all the time, you just have to know enough to get started. |
| 0:16.6 | It's like you're driving a car on a foggy night. |
| 0:19.2 | You only need to see far enough ahead of you so that you can drive 25 miles an hour safely |
| 0:24.4 | and as you get two or three blocks down the road you can see even further. |
| 0:28.6 | The car is revealed when it needs to be. |
| 0:30.2 | You will continue to learn and network and grow as you go down that path, but you have |
| 0:35.0 | to start now or you'll never get anywhere. |
| 0:37.8 | Welcome to the Journey to Launch Podcast with your host, Jamila Sufrat, as a money expert |
| 0:46.3 | who walks her top. |
| 0:47.9 | She helps braid juniors like you, get out of debt, save, invest and build real well. |
| 0:55.0 | Join her on the Journey to Launch to Financial Freedom in 5-4-3-2-1. |
| 1:07.1 | Journey to Launch is supported by First Republic Bank. |
| 1:10.6 | Have you ever experienced a relationship with a banker who was available to answer all |
| 1:15.0 | your questions even by phone or email? |
| 1:18.0 | Doesn't exist, you say? |
| 1:19.6 | It does at First Republic. |
| 1:21.6 | At First Republic, everyone gets a personal banker who's ready to sit down and answer |
| 1:26.0 | your questions no matter how complex. |
| 1:28.9 | As someone who talks about money for a living, even I still get confused or have questions |
... |
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