How to Become a Millionaire on a Teacher’s Salary In 20 Years – Interview with the Millionaire Educator RPF0080

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 13 October 2014

⏱️ 130 minutes

🔗️ Recording | iTunes | RSS

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Summary

I have a special spot in my heart for teachers. In many ways, the teaching career is an ideal career for building financial independence. But, it comes with its own unique set of challenges. Many people automatically assume that because of the “low salaries” that teachers earn, they can’t easily build wealth. But, our guest […]

Transcript

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0:00.0	Have you ever heard that teachers never make any money?
0:04.2	Teachers can never get rich.
0:06.4	Teachers can never get ahead.
0:09.3	Well, my guest today will destroy that argument. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets.
0:34.2	Thank you for being here.
0:35.6	Today is Monday, October 13, 2014.
0:40.0	And today I have an interview show for you with The Millionaire Educator.
0:46.4	Broke at 35, or at least a net worth of 0 at 35.
0:50.6	And then almost a millionaire, about two decades later, all on a teacher's salary.
0:57.0	I don't know about you, but I have a special place in my heart for teachers
1:05.3	considering a teachers have poured so many things into my life over the years there are a
1:12.1	few people in our lives I mean if you put the people that
1:15.4	have the biggest impact in our life maybe it's our parents first for most people
1:19.2	if you had excellent parents maybe and then probably a teacher for many other people came along
1:25.0	and mentored you and really built into your life and I come from a family of
1:29.6	teachers and and I consider myself a teacher and I love I love I like teachers.
1:35.0	The challenge is when it comes to financial planning for teachers
1:40.0	many people feel that all the rules just don't work. And my guess today is
1:45.6	going to, A, destroy that myth because he and his wife are teachers and they
1:52.0	figured out a way to get rich all on teacher salaries doing
1:55.7	nothing extraordinarily special or at least nothing that is not possible to
2:01.3	every other teacher. And number two he's able to teach his way
	...

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