Financially Independent Teachers

Send us a text Mary Ann Sullivan has done it all! Classroom teacher, instructional coach, admin, and work at the district office. She has recently moved out of education with an "early" retirement but is coming back to be a CFP and help teachers with their finances. On this episode, we discuss 403(b) and 401(k) rollovers, Roth conversions, roadblocks for teachers and their finances PLUS much more!

Send us a text

Send us a text Teachers have TWO days of New Years! 1. Back to school 2. January 1 Dave and Brandon discuss things to think about with your finances, life, and school year as the majority of NC teachers get students back this week!

Send us a text When is enough...enough? Being comfortable in your own skin and determining what makes you happy is a major theme of this episode as we discuss personal finance and education with a Wisconsin educator. Do you value what others want you to value or do you march to the beat of your own drum?

Send us a text Brandon and Dave discuss the American retirement crisis. On a recent CBS special, it was revealed that over 50% of Americans who "retire" don't actually have enough money to do so. In addition, 20% of Americans age 65+ have had to reenter the workforce. In this episode, we will highlight a Florida couple who has had to go back to work at ages 66 and 77 years old. What mistakes did they make to put themselves in this position? How do you know you are ready for retirement? Learn from their mistakes and cruise into a better situation that you had during your working years!

Send us a text John and his wife are both California educators, nearing the end of their teaching careers (2-7 years left). John is a middle school music teacher and his wife is a primary school educator. Even though John didn't read his first book on personal finance until the age of 40, he is on fire for everything related to personal finance and has been focused on catching up. From learning woodworking skills and carpentry to renovate their home, John and his wife are the epitome of those who continue to reinvent themselves.

Send us a text Miguel is an ESL teacher in the Chicago area who has an amazing story! He left his home country of Venezuela with little to nothing to his name before coming to America on a visa to learn English. Whil. e here, he met his now wife and ended up moving to the US permanently

Send us a text Do you have kids? Grandkids? Nieces or Nephews? Will you potentially have kiddos one day? In this episode, Dave and Brandon discuss some qualitative and quantitative tips and tricks to set kids up for success. 529's to Roth Authorized Credit Card Users Financial Modeling Brokerage Accounts Talking Money ...More! Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Jackie Cummings Koski, is a personal finance educator & consultant. After overcoming poverty, divorce & single motherhood, Jackie reached F.I.R.E. in her 40s, making less than six figures. Before retiring, she grew her wealth to over $1 million and her story and personal finance tips have been featured on CNBC, Forbes, and Market Watch. She holds the Certified Financial Planner and Accredited Financial Counselor credentials. Her commitment to educating and empowering Americans in the area of personal finance earned the policymakers and was officially recognized with a Congressional Commendation for her accomplishments in the field of financial literacy from the US House of Representatives. Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Guest favorite, Gerry Born (AKA Millionaire Educator) is back on FIT to take part in a special FIT Q&A episode. Gerry gives us a quick 5 minute life update and then dives into around 15-20 questions submitted by YOU, the FIT Family! Gerry covers a wide range of topics on this show and it is always a good time hearing his perspective. Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Barbara is a Chicago teacher who had to start at over at 45 years old. During the divorce, she took on $250,000 of the debt. Over the course of the next 4 years, she paid everything off and even has 25k invested! To say she went scorched earth is an understatement! A side hustle, two side jobs and many 80 hour weeks behind her, she's now in a position at 50 to build wealth and will likely have over 500k in investments when she retires. Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Gary and his wife Kim started their teaching careers in Vegas but quickly realized they could earn much more in their native home in Alaska. Because of their hire date, they were able to teach 20 years in AK and immediately draw on their pensions, netting them 6k per month. Retirees before the age of 50, they searched for the perfect retirement home and settled in northern AZ. In "retirement", Gary is an Alaskan trail guide for a portion of the year and Kim just accepted a job at the local college. The couple just became net worth millionaires (including home) but are working toward 1 million+ in liquid assets. Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Retired after 30 years of teaching in Texas, Chris has a net worth of almost 2 million. Chris was the breadwinner for the majority of his career as his wife dropped in and out of the workforce to stay at home and raise their kids. In this episode, Chris talks about how he got there and things to do as you prepare for retirement. You won't want to miss his journey, it wasn't always easy! Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Trevor is our first ever teacher guest from Idaho! He started in outdoor education as a trail guide and mountaineer but has switched to being an 8th grade science teacher across the border in Wyoming. Because of the flexibility and time off being a teacher, he is still able to side hustle in the outdoors as a mountain guide. Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Throughout our journey on the FIT podcast, we've discovered a theme...many teachers have multiple streams of income. This show highlights some of the side hustles we've heard our teacher guests utilize to get out of debt and supercharge their investments. Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Joel is a teacher and wrestling coach who makes it clear that his family isn't cheap, but they are frugal. At 36 years old, he negotiated with his school and recently took the year off. During this time, his wife is stepping away from education which was scary, but that’s about as fearless as it gets! Joel has started two businesses has learned a whole bunch along the way. In school, he switched from the classroom to physical education, which has reduced his grading etc. They are debt free, mortgage free and are living the dream of financial independence in their 30's! Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Brian Preston is the founder and host of The Money Guy Show and Managing Partner and co-founder of Abound Wealth Management (an RIA with around $1 billion in assets under management). With over 25 years of financial planning experience, he loves helping people implement simple financial strategies that go beyond common sense. He started podcasting as a passion project in 2006 out of pure enthusiasm for this new medium that allowed him to share the good news of financial strategy with the masses. Fast forward to today, and The Money Guy Show is its own enterprise, helping millions of individuals build wealth and own their time through podcasts, YouTube videos, courses, social media posts, and more. Be a guest on the show: https://www.financiallyindependentteachers.com/contact-8 Check out our website: https://www.financiallyindependentteachers.com/ Sign up for FIT coaching: https://www.financiallyindependentteachers.com/services-4

Send us a text Ray Tran is the son of immigrant parents and is a financial literacy teacher, wealth/real estate coach, and real estate investor residing in Brooklyn, NY. After graduating with a degree in Financial Economics, Ray began working at Ernst & Young. Despite his initial enthusiasm, he soon realized that the corporate world did not fulfill him so he quit his corporate job after realizing his true passion was to teach/educate others. Ray's life was thrown a major curveball when his father passed away shortly after he graduated from college. Ray saw his father dream of what retirement would be like when he'd get to his 60's but never had the change to enjoy it before passing. Ray is now the founder of RT Invests where he provides wealth coaching/mentoring to students and adults of all ages. His ultimate aim is to inspire others to break free from the rat race and generate income through asset ownership and passive income streams.

Send us a text After HS, Reese joined the military and learned about retirement planning on accident in Korea. He is now 34 with a net worth of roughly 950k and has taken zero loans to buy anything besides mortgages. Reese made all the silly mistakes as a new teacher such as opening a 403b with Equitable but learned from being burned. From then, he made finances his passion. Reese and his wife and alternated their educational pursuits leading to her just finishing her doctorate and Reese working to finish his masters. Reese sayings staying out of debt is a must for middle income earners. In his experiences working with nurses, teachers, military members and many more, the biggest issue being 2 things: Cars and eating out. Life is challenging and to short, but with the right plan and mindset, it can absolutely be rewarding and prosperous.

Send us a text Jason and his wife have two young children and are both teachers in Mississippi. Jason has become an expert in the area of benefits and the pension in his home state. He is now sharing his passion for understanding these benefits will all teachers in his state. Although he knows he could be making more money in the private sector, he says that all of the benefits of teaching, especially early retirement, are way too much to give up. Jason and his wife both plan on retiring before 50!