Podcasts about million a teenager's guide

If you could travel back in time and give your 18-year-old self one piece of money advice, what would it be? Would you tell yourself to save aggressively, avoid debt traps or utilize frugal living hacks or invest in assets destined to explode? In this episode, I am joined by Dan Sheeks, a high school teacher and Author whose mission is to educate young people to think like millionaires. Dan Sheeks is the author of "First to a Million: A Teenager's Guide to Achieving Early Financial Independence," He wrote this and the accompanying workbook specifically for Gen Zr's to introduce money management concepts for early financial independence. Dan shares his motivation for teaching and giving back, as well as his own personal financial journey. He discusses the advantages and challenges for Gen Z when it comes to finances and the impact of social media on their money mindset. Dan emphasizes the importance of finding balance and enjoying the journey to financial independence. He also highlights the value of community and support in pursuing non-traditional goals.    Resources Mentioned Dan's Website: https://www.sheeksfreaks.com/ Join the Sheeks Freaks Community: https://www.sheeksfreaks.com/sign-up/ Dan's book - First to a Million: A Teenager's Guide to Achieving Early Financial Independence: https://bookshop.org/a/59401/9781947200463 What is your money story costing you? https://go2.money/free-quiz More about this episode: https://go2.money/Gen-z    

In an ever-changing economic landscape, equipping young minds with the knowledge and skills to navigate personal finances is paramount.In the latest episode of the Quiet Wealth podcast, hosted by Camilla Jeffs, we delve into the fascinating world of early financial education and its far-reaching impact. We are privileged to have a renowned educator and expert in teaching financial literacy to middle and high school students.Colleen Salchow powerfully shares her experiences and insights, highlighting the benefits of instilling financial literacy habits early on. From understanding the power of budgeting to making informed financial decisions, our youth can gain confidence and independence through financial education, setting them up for a lifetime of financial success.Colleen guides us through effective strategies for teaching children about money. She emphasizes the importance of balancing essential concepts, such as budgeting, saving, and investing, with relatable real-world examples. By contextualizing financial concepts in a way that resonates with young minds, we can ignite their interest and curiosity.Additionally, Colleen explores the transformative role of mentors in this process. Mentors provide guidance and support, imparting valuable wisdom from their own financial journeys. These mentorship relationships can go a long way in nurturing a sense of responsibility and a proactive approach toward financial decision-making.Ready to empower the next generation with financial prowess? Join us on the Quiet Wealth podcast as Camilla Jeffs delves deep into the importance of early financial education with Colleen Salchow. Gain valuable insights, learn actionable strategies, and discover how mentors and modern platforms can revolutionize the way we teach financial literacy.Episode Timeline:[00:00] Introduction[03:23] Financial Discussions Start at Home[06:34] Financial Strategies for Middle Schoolers[14:15] Financial Strategies for High Schoolers[22:27] Social Media and Financial Education[26:03] Financial Education Books for TeenagersResources:Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life by Jordan Grumet and Vicki Robin - https://www.amazon.com/Taking-Stock-Financial-Independence-Regret-Free/dp/1646043545Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart by Bobby Rebell and David Bach - https://www.amazon.com/Launching-Financial-Grownups-Richest-Everyday/dp/1119850061First to a Million: A Teenager's Guide to Achieving Early Financial Independence by Dan Sheeks - https://www.amazon.com/First-Million-Teenagers-Achieving-Independence/dp/1947200461The Graduate Survival Guide: 5 Mistakes You Can't Afford To Make In College by Anthony O'Neal and Rachel Cruze - https://www.amazon.com/Graduate-Survival-Guide-Mi===Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! https://steadystreaminvestments.com/masterclass/ Follow us at https://www.facebook.com/steadystreaminvestments https://www.instagram.com/quietwealthcommunity/ https://www.tiktok.com/@quietwealth https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ https://www.linkedin.com/company/steady-stream-investments

Did you know that finding investment opportunities in opportunity zones is a game-changer for real estate investors? It's a bit of a challenge that requires creativity and strategic thinking, but the potential benefits for estate planning and property development are definitely worth the effort. So, if you're a real estate investor looking for a way to level up your game, this is something worth exploring! In this episode of the Entrepreneurs Circle podcast, real estate investor Nate Fisher shares his journey from growing up in a family that owned multifamily investment properties to figuring out how to do bigger deals and taking the business to the next level. Nate also discusses the benefits of identifying investment opportunities in opportunity zones and being creative to maximize the potential benefits while playing by the rules. Tune in to learn from Nate's expertise and insights. Here are some power takeaways from today's conversation: The collaboration and partnership you see in the community The mindset shift of going from being a general partner to a limited partner The power of the ask What it means to be an “air traffic controller” in real estate Identifying your opportunity zones  Episode Highlights: [10:07] Transitioning From General Partnership to Limited Partnership Transitioning from being a general partner to a limited partner in real estate investing? It might be a challenging process, particularly among family and friends who are used to owning 100% of the property. As a limited partner, you'll own only a portion of the investment, which can be as low as 17% or 20%. To make this shift, there needs to be a change in mindset, and sometimes, that takes a while. [22:12] Finding Opportunity Zones Finding opportunity zones in real estate investing can be an exciting process with numerous benefits, particularly for estate planning. It requires creativity and thinking outside of the box, but it can lead to a win-win situation for all parties involved. One approach is to identify fully-depreciated properties and sell them to invest in opportunity zones. This investment can fund the development of new buildings, and the younger generation can become partners in managing the property. However, it's crucial to play by the rules and be creative in finding financial solutions to maximize the potential benefits. Resources Mentioned: www.natefisher.net  GoBundance First to a Million: A Teenager's Guide to Achieving Early Financial Independence The Definitive Guide to Underwriting Multifamily Acquisitions: Develop the Skills to Confidently Analyze and Invest in Multifamily Real Estate Traction Entrepreneurs Circle podcast is an On Air Brands production. On Air Brands is one of the leaders for launch, production, and promotion of top-rated business and real estate investing podcasts. Reach out to On Air Brands here ---> info@onairbrands.com  Learn more at: www.onairbrands.com Find and follow find Erik at: www.erikcabral.co Download Erik's FREE GUIDE to podcasting at: www.erikcabral.co/guide Check out this show and previous inspiring guests at Entrepreneurs Circle in Apple Podcasts. --- Support this podcast: https://podcasters.spotify.com/pod/show/erikecabral/support

In this episode of the Personal Finance Podcast, we're gonna give you the ultimate guide to generational wealth. How Andrew Can Help You:  Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel!  Ask Andrew a question on Instagram or TikTok.  Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/ Thanks to Ka'Chava For Sponsoring the show! Go to kachava.com/pfp and get 10% off on your first order.  Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Policygenius: This is where I got my term life insurance. Policygenius is made so easy. To get your term policy go to policygenius.com and make sure your loved ones are safe. Hello Fresh: Check out Hello Fresh www.hellofresh.com/pfp50 and use promo code PFP50 for 50% off your first order and free shipping! Delete Me: Use Promo Code PFP20 for 20% off!  Links Mentioned in This Episode:  Relevant Episodes: The Stairway to Wealth (Where to Put Your Money In Order!) The Stairway to Wealth 2.0 (The Order You Should Put Your Money in!) How To Teach Your Teenager About Financial Independence With Dan Sheeks Buy VS. Rent: Is Buying a House a Good Investment? 21 Ways to Invest in Real Estate (8 Ways are Completely Passive!) How to Create a Bulletproof Wealth Protection Plan How to Protect Your Finances Online (And Prevent Getting Scammed!) The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!) Why Does the Stock Market Go Up?! With Brian Feroldi Book: First to a Million: A Teenager's Guide to Achieving Early Financial Independence Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game Other links mentioned: Green Light Visual Capitalist: What assets make up wealth Delete Me: Use Promo Code PFP20 for 20% off!  The Ultimate Guide to Building Generational Wealth PDF  Connect With Andrew on Social Media:  Instagram  TikTok Twitter  Master Money Website  Master Money Youtube Channel   Free Guides:   The Stairway to Wealth: The Order of Operations for your Money  How to Negotiate Your Salary  The 75 Day Money Challenge  Get out Of Debt Fast  Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Dan Sheeks, founder of SheeksFreaks and author of First to a Million: A Teenager's Guide to Achieving Early Financial Freedom shares strategies, concepts, and the mindset teenagers need to achieve early financial freedom. More about Dan: He is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, CO. His students have competed at the national level in entrepreneurship, personal finance, marketing, and hospitality services with much success over the years. The SheeksFreaks community aims to help teens use specific methods of saving, earning extra income, and investing to set them on a track to purchase real estate investment properties in their early 20s and achieve financial independence at a young age. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Other related blog posts/links mentioned in this episode: Check out Dan's book First to a Million. Journeytolaunch.com/mystage  Check out my new personal website here. Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here! Connect with Dan Sheeks: Website Instagram:@SheeksFreaks Instagram:@DSheeks Connect with me: Instagram: @Journeytolaunch Twitter: @JourneyToLaunch Facebook: @Journey To Launch Join the Private Facebook Group Join the Waitlist for My FI Course Get The Free Jumpstart Guide

In this episode of the personal finance podcast, we're gonna talk to Dan Sheeks about how you can teach your teenager about financial independence. Join Our Newsletter here! Connect. with Dan! Purchase First to a Million: A Teenager's Guide to Achieving Early Financial Independence: https://bit.ly/3Aageh5SheeksFreaks Community: https://bit.ly/sheeksfreaks140 SheeksFreaks Instagram: https://www.instagram.com/sheeksfreaks/ Dan's Instagram: https://www.instagram.com/dsheeks/ Dan's email: dan@sheeksfreaks.com (You can put this in your show notes.) Checklist of relevant episodes:  How to Get Your Financial Life TOGETHER with Haley Sacks A.K.A Mrs. Dow Jones Why Your First 100K is The Hardest (The Math That Explains Why) 14 Ways to Set Your Kids Up To WIN Financially How to Achieve Financial Independence! (The FIRE Movement) Should You Hire a Financial Advisor? (Plus The Major Impact of Fees!)   FREE GUIDES: ============== -Check out the free guide on where to put your money in what order!  https://www.mastermoney.co/stairway-to-wealth   -Here is the free How to Ask for A Raise ebook! https://www.mastermoney.co/get-a-raise-ebook   -Get Access to the 75-Day Challenge: https://www.mastermoney.co/75daychallenge    =============   We have a YOUTUBE channel! Check it out here!    Our Latest Videos:  How To Grow A Podcast Organically What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!) How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?) Pre-tax moves for high earners   Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get in touch with me.    ============ Sponsors:     Thanks to Policygenius For Sponsoring the show! Check them out a Policygenius.com Thanks to Mint Mobile for supporting the show! Cut your phone bill to $15 a month by going to https://mintmobile.com/pfp Thanks to Fundrise for Sponsoring the show! Invest in real estate for as little as $10 by going to fundrise.com/personalfinance Thank you to Chime for sponsoring the show! Check them out at chime.com/pfp Thank you to Betterhelp for sponsoring the show! Check them out at http://betterhelp.com/pfp Thank you to Apple Card for sponsoring the show! Check them out at https://www.apple.com/apple-card/   ============   Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts!   ============   Check out all the Stuff I Recommend!    USEFUL RESOURCES: Best Place to Open a Roth IRA: https://m1finance.8bxp97.net/5vzD1 My Favorite Free Net Worth and Budget Tool: https://fxo.co/905L Best High Yield Savings Account: https://bit.ly/3HpPjAr  Get a $10 Free Bonus with Acorns: https://bit.ly/3lV0LLE Best Bank and Debit Card for Kids: https://bit.ly/3pJeI09  Get $5 Free Bitcoin at Coinbase: https://bit.ly/3oIQOml Best Credit Building Tool: https://bit.ly/3rmBuwZ  Best Personal Finance Books: https://kit.co/MasterMoney/best-personal-finance-books    ============     DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion.    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.   ============     Check us out on social fam!    Twitter   Tiktok   www.thepersonalfinancepodcast.com   www.mastermoney.co Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Dan Sheeks is the Author of First to a Million: A Teenager's Guide to Achieving Early Financial Independence and the founder of SheeksFreaks: a community of young entrepreneurs and early FI seekers. Dan has also been teaching high school business classes for 19 years. Top 3 Value Bombs: 1. If you are a young person, or a parent of a young person. Flip the script on the status quo. If a person is going to go on college, community colleges are a great option. Do an internship or apprenticeship that won't put them in tens of thousands of dollars in debt. 2. The system is setup where if a high school student wants to pursue high level of education, they're going to be much more attractive to colleges and universities if they have a high level math and science classes. 3. It's difficult to know what you want to do for, potentially, 40 years of your life when you're 18 years old, and to pick a major that you're not going to be interested in for decades. Cheek out Dan's website and join a community of like-minded people - Sheeks Freaks Sponsors: HubSpot: Learn how to grow better by connecting your people, your customers, and your business at HubSpot.com! LinkedIn Advertising: Scale your marketing and grow your business with LinkedIn Advertising! And right, LinkedIn is offering a $100 credit on your next campaign. Visit LinkedIn.com/onfire to claim your credit! VistaCreate: A graphic design platform where anyone can easily craft professional and unique visual content for social media and digital marketing in minutes! Visit VistaCreate.com today to try it for free!

Dan Sheeks is the Author of First to a Million: A Teenager's Guide to Achieving Early Financial Independence and the founder of SheeksFreaks: a community of young entrepreneurs and early FI seekers. Dan has also been teaching high school business classes for 19 years. Top 3 Value Bombs: 1. If you are a young person, or a parent of a young person. Flip the script on the status quo. If a person is going to go on college, community colleges are a great option. Do an internship or apprenticeship that won't put them in tens of thousands of dollars in debt. 2. The system is setup where if a high school student wants to pursue high level of education, they're going to be much more attractive to colleges and universities if they have a high level math and science classes. 3. It's difficult to know what you want to do for, potentially, 40 years of your life when you're 18 years old, and to pick a major that you're not going to be interested in for decades. Cheek out Dan's website and join a community of like-minded people - Sheeks Freaks Sponsors: HubSpot: Learn how to grow better by connecting your people, your customers, and your business at HubSpot.com! LinkedIn Advertising: Scale your marketing and grow your business with LinkedIn Advertising! And right, LinkedIn is offering a $100 credit on your next campaign. Visit LinkedIn.com/onfire to claim your credit! VistaCreate: A graphic design platform where anyone can easily craft professional and unique visual content for social media and digital marketing in minutes! Visit VistaCreate.com today to try it for free!

A lack of financial literacy is one of the main things that prevents many people from escaping poverty and reaching their financial goals. It's important to understand how money works, and debunk some widely held misconceptions about investing in order to create new, improved financial habits and improve life overall. Financial literacy doesn't have to be extremely complicated either— Dan Sheeks teaches teenagers how to achieve financial freedom and invest to reach their life goals. Dan is a BiggerPockets Published author of First to a Million: A Teenager's Guide to Achieving Early Financial Freedom. In the book, he introduces teenagers to the strategies, concepts, and mindset needed to achieve early financial freedom. In his 15+ years of teaching high school, he has taught a variety of business subjects including financial literacy, entrepreneurship, and marketing. Dan aims to help teens use specific methods of saving, earning extra income, and frugality to set them on a track to purchase real estate investment properties in their early 20s and achieve financial independence at a young age. There are multiple reasons Dan believes teens are easier to teach financial independence to than adults. He's also identified some of the bad financial habits that kids inherit from previous generations. During the conversation, Dan dove into the 4 Mechanisms of Financial Independence that teens can employ on their journey to early financial independence. These financial literacy insights can save you time and help you reach your financial and life goals sooner than you might have thought possible. Connect with Dan: SheeksFreaks website SheeksFreaks Instagram @sheeksfreaks SheeksFreak Youtube Dan's LinkedIn Dan's Instagram @dsheeks If you want to download our FREE 5 Mistakes New Investors Make Playbook, click here. Follow Us: @donisbrothers on Instagram, Twitter, Facebook @Donis Investment Group on Linkedin Website -- www.donisinvestmentgroup.com

A lack of financial literacy is one of the main things that prevents many people from escaping poverty and reaching their financial goals. It's important to understand how money works, and debunk some widely held misconceptions about investing in order to create new, improved financial habits and improve life overall. Financial literacy doesn't have to be extremely complicated either— Dan Sheeks teaches teenagers how to achieve financial freedom and invest to reach their life goals. Dan is a BiggerPockets Published author of First to a Million: A Teenager's Guide to Achieving Early Financial Freedom. In the book, he introduces teenagers to the strategies, concepts, and mindset needed to achieve early financial freedom. In his 15+ years of teaching high school, he has taught a variety of business subjects including financial literacy, entrepreneurship, and marketing. Dan aims to help teens use specific methods of saving, earning extra income, and frugality to set them on a track to purchase real estate investment properties in their early 20s and achieve financial independence at a young age. There are multiple reasons Dan believes teens are easier to teach financial independence to than adults. He's also identified some of the bad financial habits that kids inherit from previous generations. During the conversation, Dan dove into the 4 Mechanisms of Financial Independence that teens can employ on their journey to early financial independence. These financial literacy insights can save you time and help you reach your financial and life goals sooner than you might have thought possible. Connect with Dan: SheeksFreaks website SheeksFreaks Instagram @sheeksfreaks SheeksFreak Youtube Dan's LinkedIn Dan's Instagram @dsheeks If you want to download our FREE 5 Mistakes New Investors Make Playbook, click here. Follow Us: @donisbrothers on Instagram, Twitter, Facebook @Donis Investment Group on Linkedin Website -- www.donisinvestmentgroup.com

If you're raising a teenager and looking at the cost of higher education, you may be asking yourself ... is college worth it? Dan Sheeks, Author of "First to a Million: A Teenager's Guide to Achieving Early Financial Independence", shares how parents and teens can make the decision to go to college or not. Also, on our Internet Money segment, we hear from Vee Weir who makes $10k per year dog sitting through Rover! SPONSORS M1 Finance: You've done your research. Let M1 investing automation do the heavy lifting. Tello:  Our family's mobile provider. Get 50% off of their best selling plans (limited time only) - Use code "MKM50"  RESOURCES Dan Sheeks (Website):  http://www.sheeksfreaks.com/  First to a Million (Book):  https://amzn.to/3EwAwDe  Vee Weir (Website):  https://www.weirdigitalmarketing.com/  Rover (Get paid to play with dogs):  http://marriagekidsandmoney.com/rover  OTHER EPISODES YOU MIGHT LIKE Family Wealth and Happiness:  10 Steps to a Better Tomorrow (Today) How We Paid Off Our 15 Year Mortgage in 5 Years 50% to 10%:  Why We're Happy Saving Less in FIRE Journey MKM RESOURCES MKM Coaching:  Request your free 15-minute consultation YouTube Instagram  Voicemail Merch Store DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Podcast Artwork:  Liz Theresa Editor:  Podcast Doctors  

Being young should not hold you back in gaining financial independence and real estate investing, and Dan Sheeks is here to shed light on learning about money management at an early age. We'll talk about how young people can learn more about personal finance, get into investing business, and things to do early in life to set themselves up for financial success. Key Takeaways To Listen ForReasons why personal finance should be taught to teenagersThings young adults should do to set themselves up for financial successHow young people can get involved in real estate investingIs it common for schools to have financial classes?Tips for young adults to be financially independent earlyResources Mentioned In This EpisodeFirst to a Million by Dan Sheeks | Paperback & Audiobook BiggerPocketschooseFIFree Apartment Syndication Due Diligence Checklist for Passive Investor About Dan SheeksDan Sheeks is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, CO. In his 18 years of teaching high school, he has taught a variety of business subjects including personal finance, entrepreneurship, and marketing. Dan's passions include working with teenagers, advocating for personal finance education, investing in real estate, and promoting the FIRE movement. Embedded in his classes is the co-curricular DECA club in which students travel, compete, acquire leadership skills, do community service, and have fun! His students have competed at the national level in entrepreneurship, personal finance, marketing, and hospitality services with much success over the years. Dan launched SheeksFreaks in late 2019, which is an online community dedicated to helping young people learn money management skills, start investing in real estate, and pursue early financial independence. The SheeksFreaks community aims to help teens use specific methods of saving, earning extra income, and investing to set them on a track to purchase real estate investment properties in their early 20s and achieve financial independence at a young age. He is also the author of the book “First to a Million: A Teenager's Guide to Achieving Early Financial Freedom.”Connect with DanWebsite: Sheeks FreaksFacebook: SheeksFreaksInstagram: @sheeksfreaksYouTube: Sheeks FreaksTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.Dream Chasers PodcastWant to listen to another Next Level Show?Subscribe to DREAM CHASERS | Interviews with the Future Podcast!

Join me for a conversation with Dan Sheeks! Dan is a high school marketing and entrepreneur teacher from Denver, CO. He's the founder of SheeksFreaks, an online community to help young people live their best lives by making smart money decisions. He's also the author of the new BiggerPockets published book First to a Million: A Teenager's Guide to Achieving Financial Independence. Dan is passionate about investing, real estate, and helping others find their own financial path to financial freedom. First to a Million Bookwww.SheekFreaks.com 

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! 

Dan Sheeks is one of the newest BiggerPockets Publishing authors, with his book, First to a Million: A Teenager's Guide to Achieving Early Financial Freedom. The book introduces teenagers to the strategies, concepts, and mindset needed to achieve early financial freedom. He is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, Colorado. He and his wife have a variety of real estate investments including multifamily, single-family, Airbnb, and out-of-state BRRRRs (buy, rehab, rent, refinance, repeat). Dan's passions include working with teenagers, advocating for personal finance education, investing in real estate, and promoting the FIRE movement. In his 19-plus years of teaching high school, he has taught various business subjects, including financial literacy, entrepreneurship, and marketing. In this episode, Dan will share with us his passionate work how he is helping teenagers in personal finance, passive income, real estate investing, and early financial freedom strategies so they can live their best lives. Episode Links: https://www.sheeksfreaks.com  https://www.instagram.com/dsheeks/?hl=en https://store.biggerpockets.com/products/first-to-a-million https://www.amazon.com/First-Million-Teenagers-Achieving-Independence/dp/1947200461 --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everyone? Welcome to another episode of the Real Estate Investor. My name is Michael Albaum. And if you're watching this on camera, I've clearly got a shiny head tonight. I think it's my lighting.   On this episode, I will interview Dan Sheeks, author, investor, teacher, and just someone who's full of wisdom and golden nuggets. So let's get right into it.   Dan Sheeks, what's going on, man? Thanks so much for coming on the show with me. I appreciate you.   Dan: You bet, Michael, great to be here. Thanks for having me.   Michael: Oh, my gosh, my pleasure. So we were chatting a little bit before we recorded, we you know, hit the record button. And so I know a little bit about your story. But I would love if you could share with all of our listeners, who you are, where you came from and what it is has to do now with real estate.   Dan: Sure. Um, it's not it's not a crazy exceptional story. It's… so I'll keep it short. It's… I've been in Colorado for a little over 20 years. My main gig currently is that I am a high school business teacher in a public high school, just south of Denver and a suburb. This is my 19th year doing that. And I teach classes like entrepreneurship, personal finance, marketing, stuff like that. I love my job. I absolutely love my job. I have great kids and great program. All my classes are electives. And so most of the kids that are in their want to be in there. And so it's it's fun to teach them.   I bought my first property…. say 10 years ago, but I really started investing I would say about six or seven years ago, when my wife and I, at the time we weren't married, we had just started dating actually. But we both were just kind of starting to scratch the surface around real estate investing. And when, when we met, we also both found the BiggerPockets community and the Choose FIRE community and really dove like full on into those communities and their blogs and their podcasts and all that good stuff. And so luckily for us, I guess that's probably why we're married. We were really in sync with our future financial goals. And the idea of real estate investing to build wealth. So we've been hammering it ever since. Today, we own 17 units, mostly in Colorado. We have three houses out in Detroit, Michigan, or suburb of Detroit. And a little bit of variety in there. We have single family, small multifamily, we've done some burrs, we have a couple of short term rentals. We house hack, so we rent out our basement as well.   Michael: Love it, love it…   Dan: Most… mostly long term buy and hold properties. So that's, that's it in a nutshell.   Michael: Okay, man, that's awesome. I mean, I think there's a ton there that I want to unpack. But you said at the beginning of that sentence, that's not a very exceptional story. And I'm going to push back a little bit on that, because you said that you're a high school business teacher in a public school. I mean, those words don't exist, didn't exist in a sentence when I was in school. So what is a high school business teacher? I mean, that's, that sounds incredible.   Dan: Yeah, there's a lot of people say that, like, Oh, I didn't know they had those classes in high school.   Michael: Yeah.   Dan: And when I was in school, too, we did… we did have one business teacher, he taught typing and accounting. And that might have been it. I took accounting from him, and I really liked it. But business classes have been around, but nowadays, they're really started. There's a lot of them, especially in the larger urban schools where there's enough, enough of a you know, class size and students to to fill those rooms with with kids. So we have all kinds of classes at our school, we have, I think, seven business teachers… 1, 2, 3, 4, 5, 6, sorry, six full time business teachers that teach a variety of classes. So most of your bigger urban schools are going to have business classes, and even some of your rural schools will have the things I mentioned, like, you know, accounting, and maybe an intro, intro to business class, computer application, stuff like that. So, yeah, they're out there, but they are usually always elective.   Michael: Okay. All right. Well, I know I would have for sure jumped on that when I was in school. So I'm so glad to hear now that it's being offered. But it's so cool to hear that. I mean, you're living, like you're living and breathing what it is that you're teaching these kids, right.   Dan: I teach personal finance and I teach marketing that's… Marketing is my main, the main thing I teach marketing classes, Social Media for Business and I guess entrepreneurship, too. And so in those classes, because it's a passion of mine, I will drop in, you know, a day here a day there. I call them FIRE-days, Financial Independence Days, and we'll just talk about some random strategy. Maybe it's house hacking, maybe it's frugality. Maybe it's side hustles, maybe it's passive income. And we'll just have some good conversations around it. In the personal finance class, of course, I can get more into that because it's more relevant to the actual curriculum. But even in that class, I still have to cover a lot of the basics. So there's that foundation, because when I get into things like, let's say, real estate investing, or these higher level FIRE-strategies, you know, they have to have that foundation first.   Michael: Okay. And when you say the basics, what is that? Because I think so many investors, or people that are just getting into investing in general, hear that real estate's a great investment and think, okay, I gotta go, you know, I gotta go get some real estate, but maybe don't have some of those basics and those fundamentals down. So when you say that, you know, what are you referring to?   Dan: Yeah, just the basic personal finance stuff would be things like checking accounts, savings accounts, brokerage accounts, the basic stock market investing, knowledge, credit cards, building a good credit score, using credit, having assets and not liabilities, things of that nature. Insurance…   Michael: Okay.   Dan: Pay stubs, good doing your taxes.   Michael: Love it. And you recently wrote a book, right?   Dan: Yeah, I wrote a book, came out about two months ago.   Michael: Awesome. And what is it called? And what can people expect to find in it?   Dan: Yes. So the book is called: “First to a Million” and the subtitle is “A Teenager's Guide to Achieving Early Financial Independence”. And so it covers, it covers a lot. It's actually pretty, it's kind of a longer book for a teenager, but it's a pretty easy read, I think. But it's not something that someone who read in it in an evening, it's, it's got, it's got some, some girth to it, I would say some a lot of good content. But when I wrote it, I wrote it for teenagers, obviously, that's in the subtitle, but really, it's a book, anybody who's just getting started in the early financial independence world, or, you know, that idea that, hey, I don't have to work till I am 65. The book has a lot of value for anybody. I don't care what, what age you are, it's really an introduction to that, that community, that strategy. And so you know, I wrote the book, assuming the reader knew nothing, right? They were, they're starting with a clean slate, they knew very little about personal finance. The good news is though, and I always laugh about this, because there's a lot of people out there who are very passionate about teaching adults, personal finance, and early financial independence strategies, and bless them for doing that. But I think it's actually easier what I'm doing because a teenager is a blank slate, right? They, they haven't really started bad habits, they haven't tanked their credit score, they haven't incurred a bunch of debt, they don't have any debt. And they haven't engaged in lifestyle inflation. So they're, you know, you can train them from the get go to make good decisions from, from a very early age. And so I think it's kind of easier to deal with teens and to teach them right out of the gate.   So that book is really just about introducing the young person to savvy personal finance, the foundation, some of that's covered in the book, and then going into those bigger topics. Like I mentioned before it, frugality, entrepreneurship, side hustles, passive income, real estate investing, index fund investing, and there's a couple chapters in there about should you go to college? Is that a good decision or not? Obviously, teenagers, that's a big decision they have to make.   Michael: That's a very big, I'm sure you've got some angry parents of folks reading that book? Because that's a question for so many people, right? It's like you have to go.   Dan: Yeah. I mean, I don't have any angry parents because I don't tell anybody what to do. I just lay out the pros and cons. Like if, if you, the reader are interested in early financial independence, then here's the pros and cons of college and I ultimately say it's your choice only, you know what you should do? But a college degree isn't necessary for financial independence. And that sometimes can actually be a hindrance, because, you know, especially if you incur debt, you know, in the book I talked about if you're going to go to college, great. More power to you, but you need to find a way to do it without incurring any student loan debt.   Michael: Yeah, yeah. I mean, you think about and just look at the math like an average college costs about 20 grand a year 25 grand a year. If you go put that on a down payment on a house, you could have four properties by the time you would have graduated college.   Dan: Yeah, especially if you how sacked one a year you will…You'd have four properties without a doubt. And I know guys who are financially independent with four properties and the house hack to meet, so you can parallel universe there, you have someone who's graduating at 22, let's say with 100,000 / 50,000 in credit card debt, just starting their career in parallel universe, there's their, their twin who's basically at financial independence are very close. Now. They're, they're living pretty meagerly and frugally, but they can, you know, slowly continue to buy more passive income assets and grow that over time. Yeah, so it's, there's a choice. And I don't tell anyone what choice to make. It's everyone's got their personal path to walk. But I do believe everyone should be educated on the options.   Michael: Totally, totally. And I mean, you're teaching this stuff day in and day out, Dan. So what inspired you to actually write a book about it?   Dan: Um, it was, it started six or seven years ago, when when my wife and I found bigger pockets and Choose FIRE. Because before that, I really, I knew about investing. And I knew about savvy personal finance, but I didn't know about early financial independence. And so as my wife and I learned more and more and more, and I was reading books, and blogs, and listen to podcasts, and all that stuff.   I was like, Wow, this, you know, these options that are included under the financial early financial independence umbrella, nobody knows about this stuff. It's just, it's a pretty new movement, at least the last 10 or 15 years. So I, you know, teenagers being my thing, I love working with young people. I just knew that I had to write a book, specifically for that young person, about these early five strategies, because there's nothing else out there. You know, there's nothing, there's no other book out there for young people to introduce them to these other options.   Michael: Yeah. And I mean, I love that, I love that. So many people, I think, especially if talking to a financial advisor, or financial planner, get overwhelmed with all of the different options, all the different choices, all the different possibilities out there. So how do you break it down for younger folks to really understand and digest? And, and do you think that they really do?   Dan: Um, I know they do. Because I've worked with so many young people who are, who are using these these strategies and these tools and these tactics to be well on their way to early financial independence at a young age. Does every kid soak it up? Don't know yet, right? Because a lot of the students in my class or in my classroom, or in my… sorry, my online community, they're probably listening to stuff and they may not, they may not employ it right away. But it's always going to be in the back of their head. So maybe 15 years down the road, they hate their job. And then that's the impetus that makes them say, you know what, I cannot do this for another 30 years. But I remember that one guy, or that one book, or that one guy…   Michael: The Dan guy…   Dan: Yeah. Yeah. And so let me Google that and see what that's about again, I want to look into that some more, because now they're more motivated, perhaps. Yeah…   Michael: I love that. I love that. So and let's talk about your online community. What's it called? And kind of who's it for? Dan: It's called SheeksFreaks, which is kind of a funny name…   Michael: I love the name.   Dan: Well, it's my last name plus the word freaks in the whole, you know, the first 2 million book, the whole kind of premise, or the theme of the book is around being freakish. And same with my community. And that that is, you know, it's it's the idea that very few young people are motivated enough to spend time learning and executing personal finance strategies. It's not the norm most young people don't want anything to do with that. That was me when I was younger. So the young person, like if someone reads my book, and they're a teenager, that's, that's exceptional, right? That's, that's a book about personal finance and money that a teenager just read through. Kudos to them, but that's not normal. It's freakish in a good way, right? It's exceptional. So the SheeksFreaks community is an online community been around for about two years, it's for young people, I like to say 15 to 25, who are either beginning or, you know, maybe intermediate level around early financial independence stuff, we have several different subgroups within the community, like different topics that they can join, that they're more specifically interested in. We have like 40 of those. And so that it's just a place for young people to come together to interact and connect with likeminded young people because again, these are their freaks, they are different. And so even in their home group, there's not a lot of people like them, their best friends probably aren't engaging in the conversations that they want to have around money, but in my community, that's all that we're doing.   Michael: I love it. I love it. And how do you find the conversation is best started. You know, for a lot of our listeners out there maybe their parents and have young, young kids or teenage age kids in their life, and this topic has never come up at the dinner table or never come up in life. So how do you start to facilitate? How do you start to have that conversation? You give them a book and say here, go, go get learned?   Dan: Yeah, well, I think you have the, you have the conversation at the dinner table, even you just do it, right. And I mean, it should go well, before that, I think money conversation should be held in the household from a pretty early age, you know, I mean, from the get go, and it just, it becomes part of your family culture that we are open with money, we talk about our, our incomes, and our expenses and our, our financial status in our house, and you can try to make it you know, don't tell them too much, until they're old enough to understand that some of that shouldn't be shared with everybody. But you have the conversations at dinner, you have the conversations in the car on the way the grocery store, you, you have your child teenager, tween whatever, you have them sit down with you while you pay the bills, click the mouse and pay, you know, pay the bill here pay the bill there you show them where your money's coming in, you show them where the money is going out for the house. So every household is like a small little business, show them the profit and loss, show them the balance sheet. So then the checking account, the savings account, the brokerage account, explain to them what's going on there. If they don't have any interest, um, you know, just keep at it every few months, sit them down again. But if you're having these conversations around the table, I think it's going to happen pretty organically. I don't have kids that age yet, so I can't speak to it. But I can say as a teacher, you know, and use terms like financial freedom, not retirement, retirement, it's kind of boring and like light years in their future, but financial freedom, financial independence, those are more catchy click beatty kind of terms that they, they might gravitate to. And, you know, just pose a question like, son or daughter, if you won $100,000 in a lottery, what would you do with that money? Here's what I would do. You know, let them explain and here's what I would do. And what do you think would be the best use of that money? Would you split it into different buckets? And why would you do that? There's a lot of things you can do to just facilitate money conversations. That's really what you got to do.   Michael: Yeah, that's a great question, that's a great question… So Dan, I would love to shift gears here and talk a little bit about your kind of personal portfolio and journey having done, you know, a handful of different things, what's been your favorite investment asset class today?   Dan: Short term rentals, we have ,too you know, we're not experts by any stretch, but they do crush it, man, the, the, the increased cash flow is significant. But they are a little more high maintenance, or sometimes a lot more high maintenance. My wife just… one of our short term rentals is about an hour drive south of here in Colorado Springs, and my wife just went down today for about an hour drive down, she spent about two hours down there, she came back for an hour, you know, she goes down there and checks up on the property every, every month or so. And just to make sure things are good touch base with our, with our cleaner, who's really kind of our property manager down there in a way.   Michael: Okay…   Dan: Umm, so I think those are my favorite, but you know, we're not, we're not real estate investors that want to own 100 properties, we will probably buy a few more, and then we'll be good. We'll probably start paying off some mortgages and, and increasing our cash flow. And we don't want to own multiple, multiple short term rentals. That's just not in our strategy for long term wealth and happiness. And that's what it's all about, right? It's about being happy. And we live pretty frugally. So we don't need a bunch. And we don't want to be having to think about a bunch of properties.   Michael: It makes total sense. And you mentioned that you and your wife are also house hacking, which I love because my wife and I are doing the same thing. And I think so many people hear what house hacking is and think oh, it's only for, you know, a single person fresh out of school, you know, can eat Top Ramen for dinner, but I mean, you're, you're a married couple doing it. So curious to know what that's been like for you both?   Dan: It's been awesome. It's like getting a $10,000 a year raise every year, or just a bonus, I guess. And by the way, my wife was a public school teacher elementary for 18 years before she retired a couple years ago, was able to retire because of our our real estate investments. Now she manages our portfolio, she grows our portfolio. She's a property manager. And she has a couple of side hustles so she's home pretty much all day except when she's doing you know, managing properties and whatnot. So we have, we have a three story house and it's a three bedroom house and there's a bedroom on each floor, each each level. So in our basement, there's one bedroom, one bathroom, a living area, plenty of storage fireplace and we've kind of made a makeshift kitchen down there with the a hot plate and a microwave and a toaster oven and a medium sized fridge. And so yeah, we ran out the basement to… well, we've we just our third tenants that we've had in like four or five years, just left. So it's right now actually listed and we'll have someone moving in soon.   And yeah, they just live downstairs, there's that we share the laundry with them, we share the main entrance. For the most part, they don't use our kitchen, but they can you know, if it's, if they need to use it, that's fine. But they pay us $950 a month to live in our basement. It's a nice house, right? The downstairs is a great living area.   Michael: Amazing.   Dan: So it's not for everyone, my wife and I are in our 40s we have a small child. I'm at work at school, you know, every day, so we only rent to females, my wife feels and I feel much more comfortable doing just females. And it's worked out great, you know, we've had three great tenants looking for a fourth, and who doesn't want an extra 10 grand a year?   Michael: Totally. And so it sounds like it's a long term rental than long term basis.   Dan: Yeah, we usually start out with three to six months and then month a month after that. I think all three of our tenants have stayed for at least one year, the longest, I think was two years.   Michael: Okay. Man, I love that, I love that. Any plans to stop that in the future at a certain… when your kids get to a certain age after you feel like, you know, just kind of over this? Do you see that in your horizon anytime?   Dan: We've talked about it, but we'll just play it by ear, honestly. I mean it. If at some point were like, you know, this isn't working anymore. We'll just say, all right, you got you got another month, here's your months' notice, and then we'll move on. Yeah…   Michael: Love it. And I think, I think house hacking is like one of the best way to turbocharge just like rocket fuel for real estate investing and wealth building. I mean, it's just unbelievable what you can do with it. So any tips, tricks, recommendations to folks listening out there that are considering purchasing a house hack for themselves?   Dan: Oh, I have tons and I agree with you.   Michael: Awesome. I thought you might…   Michael: Yeah. Yeah, Michael, I 100% agree with you that house hacking is I think by far the best real estate investing strategy for young people to get started. And I write about it quite a bit in my book. There's also a workbook that goes, there's the book First 2 Million, and there's a workbook that goes with it and in that workbook it takes, it takes a teenager over like a five year, five year period of time and gives them tasks to do every four months. And if they follow the workbook, they will own their first house sack within about four years, and when they start employing all of my strategies that I lay out. And so you know, some tips and tricks, one, if you're, if you're a teenager, you got to start saving some money. You can have a low down payment with the house set because it is a primary residence, but you got to have some cash and you want to have some emergency cash. And you want to have some initial maintenance and repairs cash, which I lay all this out in the workbook in detail, you got to have a good credit score.   I tell my, the young people I work with and this is counterintuitive to I think what a lot of people say but when you the day you turn 18 I say roll out of bed, go to your laptop and apply for your first credit card. And when you turn 19, get your second one, you turn 19 and a half, get your third one and use them all, use all three, at least a little bit every month and pay him off every month. If you do that you will have an amazing credit score in no time. And I know young people who have done exactly that caveat, right. That's only if you know how to use a credit card responsibly, if you haven't been educated on that, then stay the heck away. But the young people in my community they they're very responsible with money in there. And there they are educated on how to do that. So get the good credit score, save up some money, educate yourself. That's a huge piece, read the books. I'll throw a plug in for my friend Craig Curelop, he wrote a book called: “The House Hacking Strategy”, published by BiggerPockets.   Same publisher of my book, and it is a phenomenal book for someone who wants to start house hacking, and just wants that introductory book that takes them from step one to step 100. And now you're in your third house, that kind of thing. Yeah, so the, the piece of that puzzle for house hacking that will trip most young people up is the is the income history. Um, you know, a lender isn't going to want to lend a 20 year old or 21 year old or a 22 year old $100,000 for a property unless they know that they're going to be able to pay it back. And most young people don't have you know…   Michael: I can't, I can't show my lunch money that I got from my parents' income. When I was in high school, that allowance doesn't count…   Dan: The allowance doesn't count, you know, gifts from grandma don't count all that stuff. So…   Michael: Alright, yeah. So what do most folks do?   Dan: Well, young people in the workbook I kind of lay out a plan of how you can look for the young person that doesn't go to college it becomes much easier you work full time for a couple years, hopefully in a good job. And depending on the value of the property you're looking to buy, that could be all you need to do. For some people, it could be as easy as graduating from college, and just getting that first job that is aligned with your major and you don't even have to work for very long after obtaining that job. They just want to see that you have a pay stub from the job that you were in school for, and then you're good to go. But the best loophole, which doesn't work for every young person is to have a parent cosign on the mortgage. So the bank looks at their income history and credit score if needed and the young person can get in to their that first property.   Michael: I love it. So it's interesting you mentioned the getting a job associate with your major my younger brother, actually shout out to you, Jeff went and did this, he graduated got a good paying job at the company I used to work for and then they told him yeah, you qualify for a mortgage because we will constitute your four year degree as a as basically earned, earned time, time and you're earning income. Yep. So he's like, sweet, awesome. So it's it's a pretty good life hack.   Dan: It is, it is for sure.   Michael: No, I love it. I love it. Dan, this has been so much fun man, I want to very respectful of your time. Where can people get your book? Where can they subscribe to your online community? And if you have additional questions want to reach out to you what's the best way for them to do so?   Dan: Sure and thanks, thanks for having me, Michael, this has been a blast. I can talk about this stuff for hours. Yeah, if you're interested in the book: First to a Million you can get it at, at BiggerPockets.com, which is the publisher. And if, if your listeners are familiar with real estate, they've probably been to that website a few times already, if not every day. They can also find it, they can also find it on Amazon and other places. The workbook right now is exclusively at BiggerPockets.com however until I think spring of 2020. To the community for young people. There's a free version and a paid version, I'll just transparency there but the free version has a ton of value. Just go to https://www.sheeksfreaks.com/ and there's a button that says: Join the community and it'll tell you all about it. And if people want to reach out to me, I prefer email: Dan@sheeksfreaks.com but you can also reach out to me, DM me on Instagram, that works too.   Michael: Awesome, Dan, this was great. So much valuable in you know, what you've been talking about in the book and the online community. I can't wait to see where you go from here. We'll definitely be in touch soon, man. Thanks again.   Dan: Thanks for having me, Michael. Thanks again.   Michael: Hey, my pleasure. Take care.   Alright, well, that was our episode, a big thank you to Dan for coming on. And just a big shout out to Dan for educating our young people and teachers in general for all the work that you all have done. If you liked the episode, please feel free to leave us a rating or review wherever it is you listen to episodes. And as always, we look forward to seeing the next one. Happy investing…

We're giving away free copies of First to a Million: A Teenager's Guide to Achieving Early Financial Independence by Dan Sheeks! Leave a comment on the Mile High FI YouTube channel telling us about a teen you think deserves to get a copy of the book. We'll pick three comments and send you a copy along with the accompanying workbook for you to pass along! In this episode, Doug and Carl interview Dan Sheeks about teaching teen financial literacy and his new book First to a Million. Here are a few highlights of our discussion: Dan's Background traveling the world why traditional investment vehicles like 401(k)s are not for him his biggest money mistake Teens And Money how to teach teens about money are some humans natural-born savers? what about meme stocks, NFTs, and crypto? the Sheeks Freaks Join the Mile High FI Club – It's our email list! ____ **Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.** Links SheeksFreaks | Achieve Early Financial Freedom https://www.instagram.com/sheeksfreaks/ Sheeks Freaks on YouTube First to a Million: A Teenager's Guide to Achieving Early Financial Independence First to a Million Workbook: A Companion Guide for Teens to Achieve Early Financial Independence Note: Affiliate links above, so we get a commission if you buy something.

We’re giving away free copies of First to a Million: A Teenager’s Guide to Achieving Early Financial Independence by Dan Sheeks! Leave a comment on the Mile High FI YouTube channel telling us about a teen you think deserves to get a copy of the book. We’ll pick three comments and send you a copy along with the accompanying workbook for you to pass along! In this episode, Doug and Carl interview Dan Sheeks about teaching teen financial literacy and his new book First to a Million. Here are a few highlights of our discussion: Dan’s Background traveling the world why traditional investment vehicles like 401(k)s are not for him his biggest money mistake Teens And Money how to teach teens about money are some humans natural-born savers? what about meme stocks, NFTs, and crypto? the Sheeks Freaks ____ Links SheeksFreaks | Achieve Early Financial Freedom https://www.instagram.com/sheeksfreaks/ Sheeks Freaks on YouTube First to a Million: A Teenager's Guide to Achieving Early Financial Independence First to a Million Workbook: A Companion Guide for Teens to Achieve Early Financial Independence Note: Affiliate links above, so we get a commission if you buy something.

A high school teacher reveals the sad state of financial education today.  Most students still think the path is: go to school, get good grades, go to college, get a job, work until you're 65, and then start enjoying life.  Dan Sheeks is a Denver, Colorado-based high school teacher and real estate investor.  He enjoys working with teenagers. He also volunteers for the Colorado Attorney General to advance financial education.   Just last month, Dan released a book with Bigger Pockets: “First to a Million: A Teenager's Guide to Achieving Early Financial Independence”. See it here. He discusses solutions for teenage financial independence:  1) When you turn 18, get your first credit card  2) “House hack” real estate by age 21 3) Good debt vs. bad debt - do teens understand? 4) Mindset 5) Avoiding mistakes like “meme coins” 6) Saving Dan tells us the two main reasons why there's a pathetic lack of financial education in school today - funding and politics.   Resources mentioned: Show Notes: www.GetRichEducation.com/382 If you have a child, get Dan's book: First to a Million: A Teenager's Guide to Achieving Early Financial Independence Dan Sheeks' online community for young people: www.SheeksFreaks.com Dan Sheeks' e-mail (It's OK to message him): dan@sheeksfreaks.com To learn more about eQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. Get mortgage loans for investment property: RidgeLendingGroup.com JWB's available Florida income property: CashFlowAndGrowth.com New Const. Florida SFHs & multifamilies: www.B2Rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Today we've got Dan Sheeks on the show. Dan is a high school teacher, real estate investor, and author of a booked called “First To $1 million: A Teenager's Guide to Achieving Early Financial Independence” Dan is a leader with the FIRE community which stands for “Financial Independence Retire Early”.  We dive into the core principles of how to achieve financial independence. We cover a number of great topics at a high level such as generating passive income, good vs. bad debt, index investing and more. I read his book cover to cover and I truly believe his book can be life changing for anyone who is looking to get started in creating financial freedom. If you enjoyed  this episode please share it with your friends, rate & review with your favorite part to help us reach more people .To learn more about the concepts discussed podcast go to https://www.brianbeers.com and sign up for Brian's free weekly newsletter delivering content directly to your inbox Connect with Brian you can follow him on Instagram and facebook, connect on LinkedIn or email brian@beerspodcast.comLinks:SheeksFreaks Community: https://bit.ly/sheeksfreaks120www.sheeksfreaks.com/Biggerpockets.com Book Links :First to a Million: A Teenager's Guide to Achieving Early Financial IndependenceThe Richest Man in BabylonProfit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine - Mike Michalowicz Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence - by Vicki Robin, Joe Dominguez, Mr. Money MustacheSet for Life: Dominate Life, Money, and the American Dream - Scott Trench The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom - Craig CurelopVivid Vision: A Remarkable Tool for Aligning Your Business Around a Shared Vision of the Future -  Cameron HeroldThe ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results - Gary Keller, Jay Papasan 

What would happen if we were able to teach teenagers financial independence? High school teacher, real estate investor, and net worth millionaire, Dan Sheeks, joins me today as we discuss his newest book, First to a Million: A Teenager's Guide to Achieving Early Financial Independence. Although written for teenagers, Dan wrote the book for anyone who is getting into the idea of early financial independence and seeking to carve out their path to a good life. Not every young person is interested in learning and focusing on their financial future – and not every adult is either. But you also don't have to wait to achieve financial freedom till you're 65 because you can always start now. Options, options, options! Here are some power takeaways from today's conversation: What is financial freedom? Why many people don't reach financial independence The 4 mechanisms of early financial independence The premise behind First to a Million About BiggerPockets What Dan's investment portfolio looks like Episode Highlights: Achieving Early Financial Independence Financial freedom is the ability to pay your living expenses with passive income or sustainable asset withdrawal which is a concept where, for instance, if you have a million dollars in an index fund, you can take money out. In other words, financial freedom is the ability to live your life without having to work.  You don't have to do the "9-5 till you're 65" grind for the next three or four decades because there are other options of doing things differently with your money that allows you to reach early financial independence. If you don't like that option, then don't do it. You can work till you're 65 and there's nothing wrong with that. But there are other options that you should know about so you can at least decide what's best for you. You could be making a good income but it's about what you do with that money and what's your savings rate. Are you spending 100% of your salary or are you saving 50%? If you can get higher up on that savings rate, and you reinvest that money into index funds, real estate, or some other passive income stream then becoming a millionaire is not difficult. It's simple, but it's not easy because it takes sacrifice, some extra work, planning, and persistence.  The 4 Mechanisms of Early Financial Independence 1. Spend less. Don't spend as much money as everybody else. Have a nice savings rate. 2. Earn more. Create a side hustle. Get an extra job or start a small little business in your community. Find a way to earn more money.  3. Save the difference. 4. Invest your savings wisely. Know what you are investing in and understand it. Put your money to work for you as early as possible and let it do its compound effect where it grows over time.  Resources Mentioned: http://www.sheeksfreaks.com (www.sheeksfreaks.com)  https://www.biggerpockets.com/ (Bigger Pockets) https://www.amazon.com/First-Million-Teenagers-Achieving-Independence/dp/1947200461 (First to a Million: A Teenager's Guide to Achieving Early Financial Independence) https://www.amazon.com/Defining-Decade-Your-Twenties-Matter/dp/0446561754 (Defining Decade) by Meg Jay https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 (Rich Dad, Poor Dad) by Robert Kiyosaki

How young did you begin to learn money management skills? How early are you teaching your kids these skills? When did you buy your first home? Do you wish you did sooner? How do you teach your kids how to achieve financial independence at a young age? This week's guest on the Crushing Debt Podcast is Dan Sheeks, the newest Bigger Pockets published author, with his book First to a Million: A Teenager's Guide to Achieving Early Financial Freedom. Dan is a 19-year high school business and marketing teacher, real estate investor, and personal finance advocate in Denver, CO. In late 2019, Dan launched www.SheeksFreaks.com an online community dedicated to helping young people learn money management skills, start investing in real estate, and pursue early financial independence. You can buy his book for a teenager that you know at www.BiggerPockets.com: https://store.biggerpockets.com/products/first-to-a-million Sam Cohen of Attorneys First Insurance supports the show in multiple ways (including offsetting many of the costs of production). Introducing him to attorneys and title companies is a great way to show your support for the show. Sam@AttorneysFirst.com or www.attorneysfirst.com. Finally, get ahold of me and let me know what you think of this week's episode- Shawn@Yesnerlaw.com or www.YesnerLaw.com. 

My guest today is Dan Sheeks. Dan is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, CO. Dan's passions include working with teenagers, advocating for personal finance education, investing in real estate, and promoting the FIRE movement. In this episode, you will learn:- How does his new book A Teenager's Guide to Achieving Early Financial Independence help teenagers towards early financial independence and the strategies to get there.- How adults of 35-40 years old can still work for Financial Independence- What should you do with younger kids to help them start with a mindset of financial freedom or introduce them to general financial literacy- and so much more!How to connect with Dan Sheeks:Dan's Instagram: https://www.instagram.com/dsheeks/Dan's email: dan@sheeksfreaks.comSheeksFreaks Community: https://bit.ly/sheeksfreaks118SheeksFreaks Instagram: https://www.instagram.com/sheeksfreaks/Purchase First to a Million: A Teenager's Guide to Achieving Early Financial Independence: https://bit.ly/3H0x8R6GET IN TOUCH!Website: www.dadsbeforedoctors.comFacebook: www.facebook.com/dadsbeforedoctorsInstagram: www.instagram.com/dadsbeforedoctors

Dan is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, Colorado. Dan launched SheeksFreaks in late 2019, which is an online community dedicated to helping young people learn money management skills, start investing in real estate, and pursue early financial independence. Working with teenagers, personal finance advocacy, real estate investing, and the FIRE (Financial Independence, Retire Early) movement are Dan's four passions. Highlights of the Episode: 01:16 - Background about Dan Sheeks 03:19 - Start of Teaching Career 05:44 - Teaching Personal Finance in High School 07:57 - Why Personal Finance is not a requirement 09:52 - Importance of Personal Finance as a subject 13:09 - Tipping point in Personal Finance 15:47 - Mission of Dan Sheeks' book 17:22 - How Happiness related to Financial Independence 22.03 - Typical American Pathway 23:48 - Who needs to be educated on Financial Independence 25:48 - Making Teenagers want to learn about Financial future 27:03 - Dealing with pushbacks 29:18 - Getting in with Bigger Pockets 31:53 - Building the community of Sheeks Freaks 34:58 - Teenager's Success stories 37:03 - Classroom vs Online 37:23 - Vision of the future 34:54 - First to a Million Workbook of Dan Sheeks 42:13 - Dan being a Father 43:53 - Best lesson from Parent Notable quotes from the Episode: "If you retire at 30 or 65, there's a lot of time where you can choose your own pathway, but until they know that's an option, there is no other pathway." "Here's the information that people don't have, now that you have it, now that you understand that there are other options, only you can get to decide how you want to live your life, what do you want to do". "The early financial independence movement is about freeing up your time to spend it, on the things that make you happy" "Success happens when you surround yourself with like-minded people. That's the whole idea of Gobudance, you want to be with people that challenge us, that level us up". Connecting with the Guest Purchase First to a Million: A Teenager's Guide to Achieving Early Financial Independence: https://bit.ly/3DYDSxW SheeksFreaks Community: https://bit.ly/sheeksfreaks111 (discount code: gobundance) SheeksFreaks Instagram: https://www.instagram.com/sheeksfreaks/ Dan's Instagram: https://www.instagram.com/dsheeks/ Dan's email: dan@sheeksfreaks.com Connect with our growing community: Facebook: https://www.facebook.com/gobundance LinkedIn: https://www.linkedin.com/company/gobundancegbl/ YouTube: https://www.youtube.com/user/GoBundance Twitter: https://twitter.com/GoBundance Subscribe to our GoBundance Podcast: Soundcloud: https://soundcloud.com/gobundance-podcast Apple: https://podcasts.apple.com/.../gobundance.../id1110145229 Stitcher: https://www.stitcher.com/show/grab-life-big-podcast Not a millionaire yet but want to be a part of our ecosystem? Check out EMERGE by GoBundance. Enroll Today! https://www.gobundance.com/emerge

High school business teacher Dan Sheeks joins True Multifamily to talk about his latest book, First ot a Million: A Teenager's Guide to Achieving Early Financial Independence. The book is written for young people where he introduces the idea that you don't have to work till you're 65. Teaching the basics of investing such as passive income and real estate investing, Dan offers various options for building wealth and achieving early financial independence. Dan also shares the 4 mechanisms that lead to early financial independence, which has nothing to do with being rich. Here are some power takeaways from today's conversation: About the book and its target readers Why you should tell the American Dream to eff off Why financial independence has nothing to do with being rich How to achieve early financial independence Episode Highlights: Why You Should Tell The American Dream to Eff Off The book challenges the typical mindset of Americans and what society has told us that we have to do. The typical American Dream is to graduate college, get a good job, get married, have 2.3 kids, a dog, and a white picket fence. You work till you're 65 then you can retire and live a good life. There's nothing wrong with that path. It has worked for millions of people, and it's a very noble way to live. But there are also other options that don't require you to work until you're 65. Why Financial Independence Has Nothing to Do With Being Rich The overall happiness of someone starts declining after you get past that point "having enough plus a little extra" because there are a lot of responsibilities that go with it. Financial independence is not about owning private jets, five houses, going on the most expensive vacations at five-star resorts. Financial independence is having enough plus a little extra – so that you are doing and enjoying everything that makes you happy in life. And so, the main benefit is getting your time back or the option to spend your time as you would choose, versus having to go to work five days a week, 40 hours or 60 hours a week until you're 65. Then you could use that extra time to engage in the things that make you happy. How to Achieve Early Financial Independence Dan recommends doing the 4 mechanisms that lead to earn early financial independence: earn more, spend less, save the difference, and invest your savings wisely. Track your income and expenses. If you're saving 30% to 50% of your income automatically every month, you reach reach early financial independence. And the first step to be able to do that is to know what's coming in and what's coming out. Resources Mentioned: SheeksFreaks LLC Book: First to a Million Episode 54 with Dan Sheeks

In this podcast, I interview Dan Sheeks, teacher and author of his new book “First To A Million” which explores the pathway for early financial independence. Dan writes this book particularly for teens. Listen as Dan shares an overview of his book and his passion for personal finance, financial literacy and personal financial independence for teens. Be sure to check out Dan's book “First To A Million: A Teenager's Guide To Achieving Early Financial Independence” - https://bit.ly/3I1FsS7 (https://bit.ly/3I1FsS7 ) #BETTERWEALTH For more information on BetterWealth or the content you hear on the Podcast, visit us at http://www.betterwealth.com/podcast (www.betterwealth.com/podcast). Episode Links & Resources:  How To Develop Freakish Money Skills with Dan Sheeks - https://youtu.be/O_lheoqd1z8 Guest bio: an Sheeks is the newest BiggerPockets Publishing author, with his forthcoming book, First to a Million: A Teenager's Guide to Achieving Early Financial Freedom. The book introduces teenagers to the strategies, concepts, and the mindset needed to achieve early financial freedom. Dan is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, CO. In his 19 years of teaching high school, he has taught a variety of business subjects including personal finance, entrepreneurship, and marketing. Dan's passions include working with teenagers, advocating for personal finance education, investing in real estate, and promoting the FIRE movement. Embedded in his classes is the co-curricular DECA club in which students travel, compete, acquire leadership skills, do community service, and have fun! His students have competed at the national level in entrepreneurship, personal finance, marketing, and hospitality services with much success over the years. Dan launched SheeksFreaks in late 2019, which is an online community dedicated to helping young people learn money management skills, start investing in real estate, and pursue early financial independence. The SheeksFreaks community aims to help those between 15- and 25-years old use specific methods of saving, earning extra income, and investing to set them on a track to purchase real estate investment properties in their early 20s and achieve financial independence at a young age. Dan and his wife have a variety of real estate investments including multifamily, single family, Airbnb, and out-of-state BRRRRs. They currently have 15 units in Colorado and Michigan. Dan is also a contributing blog writer for Bigger Pockets, having written several articles regarding a variety of subjects for young investors. In his free time, Dan enjoys the Colorado outdoors with activities such as mountain biking, road biking, hiking, camping, and golfing. He lives just outside of Denver, Colorado, with his wife, Vanessa, and their son, Callum. Guest Links: First to a Million: A Teenager's Guide to Achieving Early Financial Independence: https://bit.ly/3I1FsS7 SheeksFreaks Community: https://bit.ly/sheeksfreaks106 (discount code: betterwealth ) SheeksFreaks Instagram: https://www.instagram.com/sheeksfreaks/ Dan's Instagram: https://www.instagram.com/dsheeks/ (https://www.instagram.com/dsheeks/) Dan's email: dan@sheeksfreaks.com

What are some of the things in your life that you absolutely FREAK OUT about? For me it is In-N-Out Burgers and my favorite sports team going all in. Financial Independence and retiring early is another for me and a lot of other people, including todays guest! Tune in as he shares his story of how he achieved financial freedom at a very young age. Purchase First to a Million: A Teenager's Guide to Achieving Early Financial Independence: https://bit.ly/30Zq5Jj SheeksFreaks Community: https://bit.ly/sheeksfreaks107 (discount code: rose ) SheeksFreaks Instagram: https://www.instagram.com/sheeksfreaks/ Dan's Instagram: https://www.instagram.com/dsheeks/ Dan's email: dan@sheeksfreaks.com   Check out my YouTube channel here. Follow me on Twitter and Instagram. 

Happy Friday! In this special expert episode of Future Rich, Certified Financial Planner Barbara Ginty had the pleasure of discussing Early Financial Independence with Dan Sheeks! Dan is an author, high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, Colorado. Dan launched SheeksFreaks in late 2019, an online community dedicated to helping young people learn money management skills, start investing in real estate, and pursue early financial independence. The SheeksFreaks community aims to help those between 15 and 25-years old use specific methods of saving, earning extra income, and investing to set them on a track to purchase real estate investment properties in their early 20s and achieve financial independence at a young age. Listen to this episode to learn all about Dan's journey, what inspired him to write his forthcoming book, First to a Million: A Teenager's Guide to Achieving Early Financial Freedom, along with advice for parents to educate their children on finances. If you prefer you can WATCH this episode here: https://youtu.be/rDaqYtaQtpc - Purchase First to a Million: A Teenager's Guide to Achieving Early Financial Independence: https://bit.ly/3rw0Bhb - SheeksFreaks Community: https://bit.ly/sheeksfreaks116 (discount code: futurerich ) - SheeksFreaks Instagram: https://www.instagram.com/sheeksfreaks/ - Dan's Instagram: https://www.instagram.com/dsheeks/ - Dan's email: dan@sheeksfreaks.com Follow Future Rich to stay up to date, and let us know what topics you'd like Barbara to cover more in-depth this season. https://www.futurerichpodcast.com/

Many of us are trying to figure out how to become financially free later in our lives.  Dan Sheeks has the goal to pass along these concepts of financial freedom to young people, especially in a day and age where not everyone's having the opportunity. Key Takeaways:The significance of Early Financial IndependenceEnsure you have family financial transparency, it is simple to do and has great importance to your family's financial knowledgeWe need to give young people an opportunity to learn and apply financial ideas before getting out into the world. This includes having a job in their teenage years. Let them fail while they're still in the safety of their parent/guardian's care. Let them learn the lessons now before they are too hard to recover from. About our Guest:Dan is a high school Business/Marketing teacher, real estate investor, and personal finance advocate. Author of BiggerPockets newest books - First to a Million: A Teenager's Guide to Achieving Early Financial Freedom. The book introduces teenagers to the strategies, concepts, and the mindset needed to achieve early financial freedom.

- The Grow Your Business and Grow Your Wealth podcast with Gary Heldt   - EP 072 Dan Sheeks, Financial Consultant – Personal Finance Advocate/Entrepreneur/Author   Dan is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, CO. In his 18 years of teaching high school, he has taught a variety of business subjects including personal finance, entrepreneurship, and marketing. Dan's passions include working with teenagers, advocating for personal finance education, investing in real estate, and promoting the FIRE movement. Embedded in his classes is the co-curricular DECA club in which students travel, compete, acquire leadership skills, do community service, and have fun! His students have competed at the national level in entrepreneurship, personal finance, marketing, and hospitality services with much success over the years. Dan launched SheeksFreaks in late 2019, which is an online community dedicated to helping young people learn money management skills, start investing in real estate, and pursue early financial independence. The SheeksFreaks community aims to help teens use specific methods of saving, earning extra income, and investing to set them on a track to purchase real estate investment properties in their early 20s and achieve financial independence at a young age. Dan and his wife have a variety of real estate investments including multifamily, single family, Airbnb, and out-of-state BRRRRs. They currently have 15 units in Colorado and Michigan. Dan is the Author of First to a Million: A Teenager's Guide to Achieving Early Financial Freedom - Being released by Bigger Pockets on November 23rd, 2021. Dan volunteers in the MoneyWi$er initiative out of the Colorado Attorney General's Office with a few other hand-picked experts from around the state. The program strives to advance financial literacy in Colorado secondary education   About BiggerPockets Publishing: BiggerPockets Publishing is a sister company to the BiggerPockets Podcast Network. BiggerPockets family of podcasts has generated more than 110 million collective downloads across multiple industries. The BiggerPockets Real Estate Podcast is the #1 Real Estate Investing Podcast and it offers a community of over 1.8 million members. Many of their books become Amazon Best Sellers.   Dan's insights include:    Dan's journey on deciding to become a high school business and marketing teacher  How SheeksFreaks started The importance of teaching the younger generation about finances How parents financial literacy can impact their children's relationship with money First to a Million: A Teenager's Guide to Achieving Early Financial Freedom book topics include personal finance, real estate investing, and early financial independence Why you should include your children in your money decisions   Enjoy the show!   Connect with Dan:   Websites: www.biggerpockets.com/teen www.sheeksfreaks.com YouTube: https://www.youtube.com/channel/UC-zSyE5oX0L_npo00xDCsYw LinkedIn: https://www.linkedin.com/in/dan-sheeks-0ab489106/ Book: https://www.amazon.com/First-Million-Teenagers-Achieving-Independence/dp/1947200461     Connect with Gary: Website: https://sbadvisors.cc/ Facebook: https://www.facebook.com/SmallBusinessAdvisors LinkedIn: https://www.linkedin.com/in/gary-d-heldt-jr-388a051/ Learn more about your ad choices. Visit megaphone.fm/adchoices