Financially Independent Teachers
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!
Financially Independent Teachers
EP 258-CA Math Teacher Transforms Approach on Saving and Investing for Retirement
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Louis 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!