Podcast
Financially Independent Teachers
Hosted by Dave Fleischer · EN
Welcome to the Financially Independent Teachers Podcast- where educators come together to discuss their journey on the road to financial independence. Each week, Dave and Brandon interview teachers who are winning with money and welcome financial industry experts like JL Collins, Andy Hill, Andrew Hallam (Millionaire Teacher) and Rachel Cruze (daughter of Dave Ramsey). There are plenty of voices in the teachers' lounge telling you that you can't build wealth on an educator income, let FIT provide hope that you CAN!
42episodes
Episodes
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EP 259-Millionaire Math Teacher--- Net Worth Trap?
Mar 2200:45:51Tap to summarizeSend us Fan MailThere is a big difference between being high net worth and income producing assets. Sure, a paid for house is GREAT...BUT, it is not going to make you any money (unless you house hack). Good intentions can lead to a BAD retirement. The Millionaire Math Teacher is here to discuss all the things you might not think of when it comes to planning for the future...whether retirement is 20 years away or a few years away. Be a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4
Transcribe →EP 258-CA Math Teacher Transforms Approach on Saving and Investing for Retirement
Mar 1500:49:06Tap to summarizeSend us Fan MailLouis is a soon to be retired California middle school math teacher, and he is thankful to have started investing as a young teacher, however, he was setup by the classic "sharp dressed man" in the teachers lounge...high fees, subpar investment options. In addition, Louis didn't fully understand investing, so he went the ultra conservative route..2%-3% growth. Through trial and error, he went from conservative investor to single stocks...now, he has settled on target date funds and low cost index funds. How much does he make in CA? When did he hit millionaire status? How does he view cars? Will he be able to flip the switch from frugal saver to a more loose spending style in retirement? All of these questions and more are answered on this episode!
Transcribe →EP 257-KY Middle School Teacher Planning on Retiring at 47...How?
Mar 800:55:31Tap to summarizeSend us Fan MailBrandon is a 27-year old teacher from KY...although current pension rules are different, he falls under their old pension rule, which will enable Brandon will to able to retire with a full pension after 27 years of Kentucky service. Because he started teaching at the ripe age of 21, he will start collecting a $60,000 per year pension at 47...with non contributory healthcare until 65 In addition to his pension, he has rental property and anticipates 10k per month from his rental portfolio. He is projecting a retirement of 15k a month at 47.
Transcribe →EP 256-FL Social Studies Educator Learning Ins and Outs of Personal Finance Beyond 40
Mar 100:56:00Tap to summarizeSend us Fan MailJessica has been teaching in Florida since 2003, although she did some investing while in HS, the personal finance bug caught her in her 40's. We discuss the power of teachers understanding all of the investing buckets available to them, the messy middle of life, raising 3 kids, and how personal finance education can transform our students and our teachers. Like most people, she wishes she understood the power of the 457(b) as a young teacher, and she doesn't want any other teacher to feel the way she once did. Knowledge is power, and Jess is empowering her family, students, and colleagues! Be a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4
Transcribe →EP 255-Married (PA) Teacher Couple Hit the Road Each Summer---RV Life!
Feb 2200:55:31Tap to summarizeSend us Fan MailMarried (PA) teacher's Dale and Kendra love taking advantage of their summer time teacher schedule. Each year, they load up and hit the road with their twins and make memories together that wouldn't be possible without the schedule of a teacher. In PA, they have the option to take a lump sum instead of their pension. Instead of having "golden handcuffs", they will take the lump sum and both retire before 50. Be a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4
Transcribe →EP 254-Married Michigan Teacher Duo Pursuing Early Retirement
Feb 1500:53:44Tap to summarizeSend us Fan MailA married Michigan teacher couple uses each summer to scratch their travel itch. Last summer, they spent over 50 days in Europe. Before that, they spent much of summer in Indonesia. This summer, they are headed to Belgium! With a combined teacher income of around 135k, they own a home, have 500k invested in the stock market, and save for their summer vacations. Starting with Dave Ramsey and the Minimalists helped lead frugal lives with intense desire to be debt free, they are now working on accumulation. This teacher duo is FIT approved! Be a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4
Transcribe →EP 253-Credit Card Use DID NOT WORK---15 Years of the Envelope System Explained
Feb 800:29:01Tap to summarizeSend us Fan MailEarly in their marriage, Dave and Stephanie took part in a local Dave Ramsey FPU class. After "graduating", they started using the cash envelope budgeting system. Fifteen years later, and some financially milestones met, they decided to switch to strictly credit cards, as long as they didn't carry any monthly debt. After 6-8 months of this system, they realized they weren't maximizing their financial lives. Tomorrow, they are back on the envelopes and they share why. Be a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4
Transcribe →EP 252-Importance of Systems and Making it Automatic with Andrew Giancola
Feb 100:39:14Tap to summarizeSend us Fan MailOn this week's episode, I welcome national financial voice and host of the Personal Finance Podcast, Andrew Giancola back to the show. He shares the importance of automation and how to set up your accounts and make your personal finance life automatic! This is a must listen if you want to successfully set up your accounts and bills. Check out Andrew's Money Automation Checklist https://courses.mastermoney.co/automate-your-money-checklistBe a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4
Transcribe →EP 251-GA PE Teacher (42) crosses over $1,000,000 in Investments
Jan 2500:46:30Tap to summarizeSend us Fan MailNo lotto winnings, no inheritance, no real goal of becoming a millionaire. However, a 42-year old Cobb County GA PE teacher recently crossed over $1,000,000 in investments. Now in his 20th year teaching, he moved from NE Ohio to ATL as a 22-year old... with $1,000 to his name. 20 years later, he is in the double comma club. He has no children, has never been married, and is taking advantage of the aggressive GA salary schedule by maxing out his higher education to earn more, all while coaching, and side hustling. Be a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4
Transcribe →EP 250-Dave's Bigger Pockets Money Appearance
Jan 1800:57:46Tap to summarizeSend a textA little over five years ago, Dave started Financially Independent Teachers...a passion project to inspire other educators to get smart with their money and maximize their finances. Up until the birth of FIT, Dave and his wife Stephanie started getting very serious about finances (mid 30's), shocked at how much time they had wasted in the past. Some might call it extreme, but the couple wanted to get back on track and ahead of the curve, so they lived strictly off of Dave's teacher income and side hustle money, sold cars, downsized houses and started investing. Being in a family of 4 while living off of one spouses income for a handful of years meant lots of sacrifice, but the experience showed Dave it CAN BE DONE. Last summer, Dave (host) was approached by the Bigger Pockets Money Podcast to share his personal finance journey. Dave was featured on Episode #650. Check out Dave's story as he gets transparent with his journey. https://www.youtube.com/watch?v=kAgJgSFOkVE&list=PLZAaD29urNMNjO9TJq1LJulMZO9MPr6sw&index=60Be a guest on the show:https://www.financiallyindependentteachers.com/contact-8Check out our website:https://www.financiallyindependentteachers.com/Sign up for FIT coaching:https://www.financiallyindependentteachers.com/services-4
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