Radical Personal Finance 1061-My Favorite Personal Finance School Curriculum Author: Stanley Schmidt, Life of Fred
Oct 15, 2024
Stanley Schmidt, author of the Life of Fred series, discusses his innovative approach to teaching personal finance through mathematics and storytelling. He shares his unconventional path to early retirement, emphasizing the importance of frugality and real estate. The conversation highlights alternative education methods, exploring the successes of homeschooling and self-directed learning. Schmidt critiques traditional education's costs and values integrating diverse subjects to foster deeper understanding, all while making math engaging and relevant to real-life scenarios.
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Path to Authorship
- Stanley Schmidt's writing journey began unexpectedly while teaching high school.
- A student's enthusiasm for his blackboard drawings of "Fred" inspired him to create the "Life of Fred" series.
Early Retirement
- Stanley Schmidt retired at 36 by selling real estate.
- He never had a savings account or budget, practicing frugality and investing in real estate.
Homeschooling Advice
- Homeschooling offers flexibility and personalized learning.
- Motivate children by having them pay for courses upfront and reimbursing them upon completion.