NGPF Podcast: Dan Sheeks on using Financial Independence (FI) as hook to engage students
Dan Sheeks is a busy guy. As if being a high school personal teacher isn't all consuming enough, he is both a real estate investor and a founder of an online community. That community, SheeksFreaks, is made up of young people interested in strategies to gain financial independence. Dan is also an author of a new book, First to a Million. Listen to the podcast and complete this form and could be one of the first 100 educators to receive a FREE copy of his book. Enjoy!
Details:
- 0:00~1:14 Introduction
- 1:14~1:50 Life as a teacher
- 1:50~3:36 Early money lessons
- 3:36~5:03 Offering a class on entrepreneurship
- 5:03~8:01 Favorite personal finance activities
- 8:01~12:35 Making index fund interesting
- 12:35~15:23 Desire to write a book
- 15:23~18:06 The concept of “enough”
- 18:06~18:33 A word from NGPF
- 18:33~21:43 Financial independence as a hook to getting students engaged
- 21:43~23:19 Real assets versus false assets
- 23:19~26:36 On how much to save
- 26:36~32:40 What to think about when deciding to go to college
- 32:40~33:39 Message for young people
- 33:39~36:50 Conclusion
Resources:
- First to a Million: A Teenager’s Guide to Achieving Early Financial Independence
- SheeksFreaks Community
- SheeksFreaks Instagram
- Dan’s Instagram
- Dan’s Email: dan@sheeksfreaks.com
Quotes:
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“The tough part is that teenagers, they don’t know anything but a raging bull market... You have to kind of show them the history and say that it doesn’t always work that way. There will be downturns, there will be tough times, and that’s when index funds are going to be your best friend.”
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Use the Uber Game as a jumping off point for your entrepreneurship lessons. Look for it and other games in the NGPF Arcade.
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JL Collins is another author popular among the FIRE (Financial Independence Retire Early) movement. Listen to his podcast here.
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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