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.
Ashley Kehr:
This is Real Estate Rookie Episode 179er.
Dan Sheeks:
Credit card debt, student loan debt, car loans, things like that, those types of consumer debt, they are completely out of control in our country. And I think that’s a direct result from the fact that we do not focus on financial literacy in our schools and in our households in our country. We are a financially illiterate country overall. And so those types of bad debt, the consumer debt, credit cards, student loans, car loans, they are just going to put you deeper and deeper into a hole that’s…