Today’s guest is Dan Sheeks. We chat about why financial literacy and personal finance is not a focus in the public school system. We talk about what financial independence looks like and how your teenager can achieve early financial independence as a viable option to the typical working 9-5, until 65 grind. We learn about the strategies that Dan uses as a teacher to help teens learn about personal finance and the benefits of parents working through these concepts alongside their teenager. We get into the 4 main mechanisms to achieve early FI and specific strategies and tactics teens can employ under each of those mechanisms. Dan is also a seasoned real estate investor, and we talk into real estate, and how kids as young as 19 years old can get into real estate and use this to their advantage to achieving early financial independence.
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Today’s Guest
Dan Sheeks
Dan Sheeks is a high school Business/Marketing teacher 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. His passions include working with teenagers, advocating for personal finance education, investing in real estate, and promoting the FIRE movement.
Dan launched SheeksFreaks in 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.
He is also the author of the recently published book “A teenager’s guide to achieving early financial independence: First to a Million”. Dan is also a real estate investor. Along with his wife, they 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.
- Follow @dsheeks on Instagram, Bigger Pockets and LinkedIn
- Follow @SheeksFreaks on Instagram
- Purchase the book “First to a Million: A Teenager’s Guide to Achieving Early Financial Independence” in US/International or Canada [Amazon Affiliate Link]
- Join the SheeksFreaks Community
- Email Dan | dan@sheeksfreaks.com
You’ll Learn:
- How Dan got started in teaching and why he remains passionate
- The two reasons why financial literacy/personal finance education is not emphasized or a focus in the public school system
- What parents can do to help effect change
- What is financial independence or financial freedom
- What was the inspiration behind Dan’s book and how he was able to combine his passions
- How Dan succeeded in his journey to early financial independence
- Why Dan is passionate about showing teens how to achieve early financial independence as an option to the 9-5, working until 65 grind
- What are the main messages that teenagers and parents should take away
- How teenagers with an interest in early financial independence have access to an abundance of information to digest and consume
- The strategies Dan has used to help teens learn about personal finance
- The benefits of parents learning about early independence concepts alongside their teenager
- What is the early financial independence equation and what that really means for us
- What are the 4 mechanisms of early financial independence
- Specific strategies that teenagers can use to earn more income and how to foster that entrepreneurship mindset
- Specific strategies and habits that teenagers can use to spend less and why it is so important to track your income and expenses
- Two tried and tested investment strategies to help anyone achieve early independence
- The specific steps young people can take to get started in real estate investing as young as 19 years old, and the four things that young people need to do so
- The main roadblock for young people in investing in real estate and how parents can help them get past the roadblock
Resources
- ChooseFI community
- BiggerPockets community
- Set for Life by Scott Trench [Amazon Affiliate link]
- Follow and tag moneydadpodcast on Instagram to comment on topics and ideas discussed during the episode that resonated with you or share with a friend
Thanks for listening!
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Thanks to Dan for joining me this week!
In case you missed it, make sure to catch up on last week’s episode “Episode 010: Creating and Passing On Generational Wealth with Anne-Lyse Wealth”!
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