Real Estate Rookie 179: From Freak to Financially Independent & Beating the Average Joe to $1M
Financial literacy is the first step to becoming a millionaire. Unfortunately, the US is a (relatively) financially illiterate country, so to become financially independent and add more zeros to your net worth, you have to self-educate. Fortunately, today’s guest has published a book and workbook that lays out exactly how to become a millionaire, even at a young age.
Dan Sheeks lives and breathes all things personal finance. He has been a high school teacher for twenty years and teaches young people everything he wishes he would have known about financial literacy. He teaches a variety of different business classes, ranging from entrepreneurship to personal finance to marketing. His passion for working with young people is what inspired him to write his book, First to a Million. In this book, Dan details nineteen “freakish” phrases to get you to your first million. Throughout the book, Dan emphasizes the need to be “freakish” and be willing to do the work everyone else won’t.
Besides his role as a teacher and an author, Dan is also an investor. He house hacked his first property in 2004 but he didn’t truly get into investing until he met his wife seven years ago. Together they have expanded their real estate operation and have closed on seventeen units. Dan has dedicated his life to personal finance and financial literacy so if there’s a man to learn from— it’s him.
In This Episode We Cover
Achieving early financial independence and the steps you need to take to get there
Good debt vs bad debt and how to use good debt to reach financial freedom
How to use First to a Million and the First to a Million Workbook to reach your financial goals
The four mechanisms of financial independence and how to implement them in your life
Navigating all nineteen phases of First to a Million and their timelines (it’s easier than you think!)
How to introduce and entice your child about the world of personal finance & financial independence
And So Much More!
Links from the Show
Real Estate Rookie Youtube Channel
Real Estate Rookie Facebook Group
The Real Estate Robinsons Youtube Channel
Connect with Dan:
Check out the full show notes here: https://biggerpockets.com/blog/rookie-179
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