NGPF Podcast: Educator Dan Sheeks uses the the concept of financial independence to hook his high school students
Dan is a high school teacher in Colorado, a real estate investor, an author of First to a Million: A Teenager's Guide to Achieving Early Financial Independence and a staunch advocate for financial education (and I'm probably leaving something out). Today on the podcast, Dan will discuss the key concepts from his book, highlight what resonates most with his students, delve into real estate investing (e.g., house hacking) and answer several teacher questions. Enjoy!
- 0:00~1:06 Introduction
- 1:06~2:14 Dan’s background
- 2:14~5:01 What is the FIRE movement and who are the FI freaks?
- 5:01~6:04 Motivation to write the book
- 6:04~7:12 Student knowledge on retirement
- 7:12~9:55 Hooking student interest in the book
- 9:55~12:52 FI freaks that appear in the book
- 12:52~17:26 Concept of having “enough”
- 17:26~19:09 Creating passive income
- 19:09~21:29 Investing in Cryptocurrency and NFTs
- 21:29~26:35 What is house hacking?
- 26:35~27:22 A word from NGPF
- 27:22~30:08 Buying houses to rent out
- 30:08~36:13 Who the book is meant for
- 36:13~40:31 Saving and the 4% rule
- 40:31~42:31 Health insurance and retiring early
- 42:31~43:17 Favorite personal finance activities
- 43:17~44:19 Conclusion
- First to a Million: A Teenager's Guide to Achieving Early Financial Independence
- First to a Million Workbook
- Your Money or Your Life
"If you pay yourself first [and save] 20, 30, 40% of your income, and you make that a habit now: you cannot not reach early financial independence, it is a mathematical certainty."
Want to bring podcasts to your students? Check out Podcasts in the Classroom which curates a series of short podcast excerpts on a given topic.