Escaping The Rat Race Earlier than Your First Job w/ Dan Sheeks

Mindy:
Welcome to the BiggerPockets Cash Podcast Present quantity 255, the place we interview Dan Sheeks, creator of First to a Million: A Teenager’s Information to Reaching Early Monetary Independence and discuss serving to your children find out about finance to provide them probably the most alternative for achievement.

Dan:
If you’re younger and you’re extraordinarily motivated and all in favour of your monetary future, you’re completely different. That’s distinctive. It’s not the norm. So, you’re distinctive and also you’re freakish in a great way. That’s the theme of the ebook is to change into a FI freak through the use of the completely different methods and instruments that we cowl.

Mindy:
Hey, hiya, hiya. My identify is Mindy Jensen, and with me as all the time is my sunshine in his pocket co-host, Scott Trench.

Scott:
Oh, effectively, with me as all the time is my beaming co-host, Mindy Jensen. Thanks, Mindy.

Mindy:
Scott and I are right here to make monetary independence much less scary, much less only for someone else, to introduce you to each cash story, as a result of we really imagine monetary freedom is attainable for everybody, irrespective of when or the place or how younger you’re beginning.

Scott:
That’s proper. Whether or not you wish to retire early and journey the world, go on to make huge time investments in property like actual property, begin your personal enterprise, or simply get going proper in highschool, we’ll enable you to attain your monetary objectives and get cash out of the way in which. So, you’ll be able to launch your self in direction of these goals.

Mindy:
Scott, I’m so excited to speak to Dan Sheeks at the moment. He has written a model new ebook known as First to a Million, which is sort of a prequel to your ebook, Set For Life. It’s geared toward teenagers and talks to them in a language that they’ll perceive. It doesn’t usher in all of that monetary mumbo jumbo that they won’t actually perceive fairly but as a result of they haven’t realized it but. That is beginning at floor zero, introduction to funds and monetary independence.

Scott:
Yeah, I imply, Dan, a highschool instructor of 19, 20 years, has put collectively two basically books. One is known as First to a Million and it’s 30 chapters of detailed instruction. It’s like an honors or AP degree private finance curriculum or overview with all these things, the textbook, if you’ll. He’s additionally constructed a companion workbook that’s 250 pages and particulars step-by-step checklists that college students can carry out beginning junior yr in highschool to set themselves up, to study the entire ins and outs of non-public finance, the entire ins and outs of economic independence and that as an choice out there to them of their lives and start taking steps in direction of constructing wealth in school, in highschool, or instantly out of highschool if college students decide to decide to not go to varsity.
I don’t understand how you could possibly get requested for a extra complete, detailed, and step-by-step method for these things. It’s superior. That’s why Dan calls this a ebook for freaks in a great way. That small share of excessive schoolers who wish to seize their monetary place by the horns and drive it ahead with that. So, actually, actually unbelievable stuff. [inaudible 00:03:22] eloquent for only one extra second right here on this, I get excited concerning the work we do at BiggerPockets, as a result of we’re serving to, I imagine, people obtain monetary freedom early in life. That unlocks human potential with that.
So, so many individuals I feel are on the market who’ve both sufficient wealth to retire or at the very least to convey a wealth of alternative, quite a lot of choices into their lives due to the strides they’ve made of their private monetary positions. Properly, think about how that compounds should you might assist younger individuals start attacking their monetary positions in highschool, in school, and graduate with a number of hundred thousand {dollars} in web value or a yr or two of economic runway and possibly a number of money flowing property. What an enormous increase on their journey and multiplication of their life choices.
So, I feel it’s unbelievable work and couldn’t be extra proud that BiggerPockets is ready to publish this ebook for Dan right here. The ebook is known as First to a Million, and you’ll find it at biggerpockets.com/teen. Yow will discover each the ebook and the workbook at biggerpockets.com/teenpack. All these hyperlinks, in fact, can be within the present notes on biggerpockets.com/moneyshow255.

Mindy:
Scott, we hear from so many individuals that we talked to on this present, “I want they’d’ve taught this in highschool.” That is the textbook/workbook that that you must educate your teen all of the stuff that they’re not going to study in highschool in the event that they aren’t being taught this in highschool.
My daughter is a freshman in highschool. Beginning this yr, all teenagers in Colorado are required to take a private finance course. It’s a half a credit score, and I’m excited that she’s going to get a private finance course. But when your child doesn’t go to highschool in Colorado, they won’t get this. That is the course that they’d be taking. Truly, I shouldn’t say that. I shouldn’t say that is the course they’d be taking. That is the course they need to be taking. When individuals discuss, “Oh, I want they’d educate this in highschool,” that is the knowledge they need to be getting.
Dan Sheeks, welcome to the BiggerPockets Cash Podcast. I’m so excited to speak to you at the moment. I really like your new ebook, First to a Million, and I can’t wait to listen to all about all the things. Let’s leap proper in. Inform me your complete life story. Okay, I don’t need your complete life story. Let’s begin off along with your background. You’re a highschool instructor. You’ve been a highschool instructor for 20 years. God beloved you, as a result of I couldn’t be a highschool instructor for 20 minutes and I’ve a child in highschool. So, I’m tremendous, tremendous grateful for you. What topics do you educate?

Dan:
Properly, first, thanks, Scott and Mindy, for having me on the present. Very, very completely happy to be right here. Excited to speak concerning the ebook and all the opposite stuff. Sure, I’m a highschool instructor. I’ve been doing it for 19 years, not 20, Mindy.

Mindy:
I’m sorry.

Dan:
So, don’t make me older than I’m. Nineteen years and I do educate enterprise lessons. I do know that your kiddo goes to be taking private finance, I feel subsequent yr, proper? Which is superior.

Scott:
I’m unsure when that occurs. I’m tremendous excited for her to take private finance. I wish to educate it, however they haven’t responded but.

Dan:
Yeah. So, I educate at a public highschool, simply South of Denver, Colorado. I’ve been doing it for 19 years. I’ve taught largely advertising lessons, but in addition, entrepreneurship, private finance, monetary literacy stuff. I really like my job. I educate elective lessons, so none of them are required, however it’s an superior job. I really like what I do. That’s for positive.

Scott:
Are you able to give us somewhat little bit of background in your private finance journey as effectively?

Dan:
Yeah, I imply, like most individuals in my technology and possibly youthful, I’ve made my share of errors, huge errors. I did the standard American dream pathway, which I discuss within the ebook. I went to highschool. I obtained excellent grades. I went to a great school and used pupil loans to pay for nearly all of it, together with some scholarships and grants. I constructed up plenty of pupil mortgage debt to get that four-year diploma. I talked about this within the ebook. I imply, if a youngster’s studying my ebook, hopefully, they get some classes from this, however after I graduated highschool, I actually had no thought what I wished to do. I feel most youngsters are that manner. I say that with plenty of confidence, as a result of I work with lots of of youngsters yearly.
After they go off to varsity, most of them don’t actually know what they wish to do for a profession. I solely educate juniors and seniors, I ought to say that. So, I’m coping with these younger people who find themselves making that leap from highschool to the subsequent stage of their life. It’s so laborious to know what you wish to do once you’re 18, what you wish to do for the subsequent 20, 30, 40 years, possibly greater than that. I didn’t. Some do and that’s superior. Some individuals know from the get-go, “I wish to be a nurse. I’ve all the time wished to be a nurse. That’s what I’m going to do.” My spouse knew she wished to be a instructor at a really early age. So, nice for them, however most younger individuals don’t.
So, I simply determined to be a enterprise main in school, as a result of at that time, I simply knew I wished to make some huge cash. I wished to be wealthy. Enterprise appeared like a great way to do this. I ended up liking advertising. So, I’m glad I obtained that diploma, however I feel I obtained fortunate. I didn’t change my main two, three, 4 instances, however lots of people do. However then after I did graduate from school, I additionally knew that I didn’t wish to work a company job for the subsequent even 5, 10 years. So, what do I do now? I had that diploma in my again pocket and I simply ended up touring actually, which was a tremendous expertise for about 5 or 6 years.
I simply seasonally went right here or there working jobs for 5 or 6 months and realized quite a bit and grew up quite a bit after which in that course of determined that I wished to be a instructor, which was not going to make me wealthy. That job has not constructed my web value actually. I imply, it’s helped me do different issues like put money into actual property that has constructed up my web value. Yeah, so I went again to high school in my late twenties to get my instructing license. Within the course of, incurred extra pupil mortgage debt.
As soon as I began instructing, went again to get my grasp’s diploma, which is an effective resolution as a result of it will increase your pay, however incurred much more pupil mortgage debt. I had three rounds of pupil mortgage debt. As soon as it’s all mentioned and carried out, I had a large pupil mortgage invoice to the federal government. I used to be shopping for new vehicles each three or 4 years. I made my share of errors, however then 5 or 6 years in the past, my spouse and I discovered BiggerPockets and ChooseFI and the FIRE actions and all the things modified.

Mindy:
So, I discover your early experiences actually, actually fascinating, as a result of they’re not that distinctive. The go to varsity proper after you graduate highschool is the mantra. I feel you and I are about the identical age. That’s what you probably did. You graduated from highschool, you went to varsity, then you definitely obtained a job. You labored till you had been 65 after which you could possibly retire. That was what was preached to us. That was pushed down our throats. You didn’t go to commerce college. You didn’t take a yr off, as a result of should you took a yr off, you’d by no means return and also you didn’t take a yr off after school to go end up. Should you did, you had been a hippie freak and also you pushed by means of.
After which a number of years in the past, we found Mr. Cash Mustache. You’re like, “Wait, grass is inexperienced. This man is blue. You’re employed till you’re 65. That’s the way you do it.” He’s like, “Nope, you’ll be able to retire early. I retired after I was…” What was he, 20 or 32 or one thing ridiculous? You’re like, “You’re promoting one thing.” And then you definitely learn extra and also you’re like, “It actually isn’t a lie. You’re not promoting one thing. You may really do that.” I like what you mentioned within the ebook, particularly on web page 218, and I’m going to learn this verbatim. “I didn’t know what I wished to do with my life after I graduated from highschool and it’s okay should you don’t both.”
I feel that is actually vital to listen to from a instructor, as a result of usually, academics are like, “Oh, it’s best to go to varsity.” I imply, all of the academics that I went to highschool for taught me. I suppose that’s the way you say that. There wasn’t an choice to not go to varsity. You went to varsity. That was the top of that dialogue. So, I really like listening to that it’s okay should you don’t know what you wish to do. It’s actually unfair to make children determine after they’re 17, 18 years outdated what they wish to do for the remainder of their lives. It’s variety this all or nothing factor. It’s a must to determine what you wish to do for the remainder of your life. You don’t. I’ve had three careers. I’ve had three separate careers in my life.
Right here’s somewhat trace. I didn’t examine any of this in school. You don’t examine podcasting in school. I suppose now you can. However after I was in school, they didn’t even have podcasts and that’s my job now. I didn’t examine graphic design in school. I didn’t examine shopping for in school. Truly, I’ve had 4 careers. Wow. Yeah, and I didn’t examine any of it in school. It’s okay to vary your thoughts. You mentioned, “Committing to 4 years of college and tens of 1000’s of {dollars} of debt after I had no thought what I wished to do was a mistake. Pupil loans handicapped my monetary life for many years.” That’s actually highly effective to listen to, as a result of like I mentioned, you’re informed that you simply go to varsity and also you get a job and you’re employed till you’re 65. So, what’s the choice, Dan?

Dan:
The choice is simply to encourage younger individuals and assist them be extra intentional and to discover the choices, proper? So, initially, I’m not anti-college. I’m a public highschool instructor. I feel school is a superb choice for most individuals, however not all.

Mindy:
I ought to say that. Sure, you’re not anti-college. You’re anti all people has to go to varsity and that’s the top.

Dan:
Yeah. You talked about that, it’s not truthful to anticipate a teen to know what they wish to do, which is true, however I feel what’s much more unfair or actually what’s extra of a disservice is once we pressure them school after which they find yourself with pupil mortgage debt they usually didn’t actually perceive what meaning and the implications of getting that debt, for me, for many years and for most individuals as effectively.

Mindy:
I used to be going to say, not simply you. It’s not simply you that has a long time of pupil loans. I imply, who doesn’t have a long time of pupil loans? Anyone who consciously works and tries to repay their pupil loans.

Dan:
Yeah. So, the choice, I feel, is to learn First to a Million as a youngster, learn the ebook, as a result of I stroll them by means of all the professionals and cons of school. No less than, if that younger particular person has determined that they wish to aspire to achieve early monetary independence, then the ebook walks them by means of the professionals and cons of school. There’s a pair chapters which can be precisely about these subjects, which had been very troublesome to write down by the way in which, as a result of I wished to make it possible for I used to be truthful for everybody. I can’t inform and I gained’t inform anybody what to do, however I feel these chapters actually lay out all the benefits and downsides of school. After which should you do determine to go, the best way to do school with the thought or with the objective of early monetary independence.

Scott:
Are you able to inform us somewhat bit about that subsequent piece of your monetary journey after you’ve collected all of this debt? You’re a instructor. You mentioned within the final 5 to 6 years, issues modified. What’s occurred along with your private monetary place?

Dan:
Yeah. So, going again once more, like I discussed, my spouse and I… On the time, wasn’t my spouse, girlfriend/fiancée. We discovered BiggerPockets. We discovered the ChooseFI group as effectively. We began studying books and actually exploring the FIRE motion, studying blogs and listening to all types of podcasts. I feel one of many issues that introduced us to collectively is we had very comparable views on finance and cash. So, we simply joined forces and went all in on the FIRE motion. We had began investing in actual property at that time. I’ll give credit score to my spouse. She deserves extra credit score than I do. She had a pair properties that she had owned in California, after which when she moved to Colorado, had 1031 these into some properties right here. I had one property once we met.
So, then we simply determined, “All proper, actual property is what we’re going to do.” So, during the last 5 or 6 years, we’ve been investing in actual property deliberately to realize early monetary independence. Additionally, began doing another issues which can or might not be for everyone, however we stopped contributing to 401ks and Roth IRAs, and as a substitute funneled that cash into extra actual property investing and simply index funds typically and switched the cash that we had in our retirement accounts into index funds versus the place we had that cash invested earlier than. So, during the last 5 years or so, have watched our web value simply climb and climb and climb to the purpose, the place stage one was my spouse who taught additionally for 19 years didn’t wish to proceed instructing.
She had lived that profession and was prepared for a change. So, stage one, she went part-time instructing, halftime, which we had been in a position to do with our passive earnings from actual property. After which stage two, about two years in the past, she retired from instructing altogether and now as a substitute is at residence managing our actual property properties, rising our portfolio. She has a pair facet hustles that she engages with too. After which about six months in the past, we had our first youngster, a son, Callum. So, now, we’re very grateful. She’s at residence with him all day each day, whereas I’m at college instructing. So, yeah, we love the FIRE group and we’re all in. It’s modified our lives.

Scott:
So what number of properties have you ever guys been in a position to purchase over this time?

Dan:
In the present day, we personal 15 items. Most of them are in Colorado. Three are in Michigan. These three we did in Michigan, we chicken all of them. Yeah, they’re all single household properties on the market. In Colorado, now we have one brief time period rental, some small multifamily after which a pair single households.

Scott:
Superior. So, 19 years’ expertise as a instructor, previous the way in which, very stable portfolio and pursuit of early monetary independence personally with that, and a ardour for instructing younger people this seems like some good {qualifications} to write down a ebook for prime schoolers who’re aspiring to early monetary freedom. So, let’s stroll by means of what number of college students are there that is likely to be on this. How would you describe these children that is likely to be the correct people to learn your ebook?

Dan:
Yeah, there’s extra on the market than you suppose, proper? I feel most younger individuals… I don’t suppose, I do know most younger individuals aren’t sufficient of their monetary future to actually take motion. That’s primarily based on the youngsters I’ve had in lessons, particularly in private finance lessons, and the scholars I speak to on a day-to-day foundation. They’re simply not there and that’s okay. Particularly with know-how now and podcasts and social media and YouTube channels, there are sufficient younger individuals… Once I say younger, my area of interest, I wish to say, is 15 to 25 years outdated. There’s sufficient on the market which can be tremendous all in favour of their monetary future and actual property investing and early monetary independence and different varieties of investing that I feel this ebook can be well-received.
It’s for any teenager, even one who’s not presently pursuing this data. As a present, it will be one thing nice to provide to a youngster, however it’s additionally for these younger people who find themselves already exploring the completely different choices. So, since they’re completely different, I wish to name them freaks. I’ve a group on-line known as Sheeks Freaks that follows that. The ebook, First to a Million, positively defines the reader as a FI freak or a monetary independence freak. As a result of if you’re younger and you’re extraordinarily motivated and all in favour of your monetary future, you’re completely different. That’s distinctive. It’s not the norm. So, you’re distinctive and also you’re freakish in a great way. That’s the theme of the ebook is to change into a FI freak through the use of the completely different methods and instruments that we cowl.

Scott:
To begin with, once we say ebook, what we’re actually speaking about right here is 2 books, proper? We’ve obtained the First to a Million ebook, after which we’ve obtained the intensive workbook with play-by-play, step-by-step directions on the best way to amass a robust monetary place from highschool by means of school and set your self up for youth. I walked away having, learn it, seemed by means of the workbook, feeling like this can be a complete set of economic recommendation and directions on how college students can actually put themselves ready to hit the bottom working after they enter the full-time workforce. Or if that’s proper after highschool, there’s choices for that as effectively in there.
I feel the phrase freak is an effective one for that, as a result of should you comply with these directions, I can’t assist however think about you’re going to be lots of of that. You’ve got an excellent shot at being lots of of 1000’s of {dollars} into the black, in a great way, black being rich by the point you enter full-time work for many school sure college students or at the very least have a great shot at that with this. Why did you method it that manner and with that specific bent? Let me know if I’m going too far or too excessive with how I considered the ebook.

Dan:
Yeah, so there are two books. I’m glad you introduced that up, as a result of for my part, actually, I wrote the workbook. I feel the workbook is a way more significant and useful gizmo for the younger particular person to realize early monetary independence, as a result of the workbook, which is the unique thought was to write down the workbook or an motion plan. So, the workbook tells the younger particular person what to do, when to do it, the best way to do it. The ebook, First to a Million, which I feel lays the muse, can also be essential. I’d say, learn the ebook first after which go to the workbook.
A bit little bit of historical past right here and I wish to give a shout out to Scott and Craig Curelop about how the ebook and workbook got here to fruition. The unique seed was planted as a result of Scott and Craig have been coming into my lecture rooms for the final three or 4 years, minus a yr for COVID when no one might go, even a number of the college students and academics couldn’t go to high school for some time, however after they come into my lessons and speak to my college students about what they’re doing and their methods and the way they’re constructing their wealth, which by the way in which, my college students love. Thanks, Scott, once more for taking time to speak to my college students.

Scott:
I’ll touch upon that for a second, as a result of after I first went into a few these lessons, it was crickets as a result of I didn’t know the best way to current the fabric. That’s the factor I wished to ask you. There’s nothing like a highschool viewers to humble you should you’re making an attempt to convey an issue, however in any case. That may be a query I had is, I really feel like one, I’ve been in a position to get somewhat bit extra interactive and ask much more questions or pressure them to reply, which retains the room engaged somewhat bit with that. However two, I ponder additionally if there’s only a rising curiosity on this topic typically, since you’re seeing a pair extra faces who appear actually engaged and enthusiastic with every passing yr in every class with that. There’s most likely 4 or 5 this yr. Are you noticing that development?

Dan:
Yeah, I feel that’s the results of a number of issues. One, extra younger persons are paying consideration in their very own investigation of all these subjects. However two, I feel, Scott, you and I each had a studying curve. I had by no means had a recurring visitor speaker. So, for me to set the stage with my college students in my classroom was a studying curve for me. And then you definitely nailed it. If anyone desires to be humble, go converse to a bunch of excessive schoolers or youngsters. You might suppose and chances are you’ll be an amazing visitor speaker.

Scott:
Very first thing within the morning.

Dan:
Yeah. After they’re nonetheless half the sleep, however youngsters will let you recognize actually rapidly if you’re partaking primarily based simply on their bodily, non-verbal suggestions. Yeah, so all of us have realized, together with Craig, about the best way to maximize the potential of these company once you guys are available in. Scott, chances are you’ll not even keep in mind this, however one time you had been within the classroom, I feel, with Craig. As you had been ending up, you requested a query and I discuss this within the ebook. I feel you requested one thing like, “Once we come again, what would you want us to speak about to the category?” One of many college students mentioned, “I get this. I really like what you guys are speaking about. I’m onboard. I simply need somebody to inform me the best way to do it, what to do, and when to do it.”
As a instructor, I used to be like, “After all, they wish to know that.” So, that’s after I had the thought of making a guidelines, which then grew right into a workbook, which then turned so huge, it needed to change into two completely different animals, the ebook to put the muse, which is First to a Million, after which the workbook to comply with that. So, it turned extra of, “I don’t wish to simply do that for the scholars in my classroom. I wish to do that for younger individuals wherever and all over the place which can be all in favour of early monetary independence.”

Mindy:
I used to be going to say, I like having one thing bodily to write down in, to test off, to mark down.

Dan:
So, do I.

Mindy:
Yeah. Properly, we’re outdated, however I like this for teenagers too, to have that there, to undergo, “Oh, right here’s the issues that I must be reminded of. Right here’s me writing down notes on issues that I have to do. Right here’s me crossing one thing off a listing that I’ve achieved. Right here’s me checking off a field.” That’s actually satisfying to have the ability to mark issues off on a listing that you’ve got offered them. Ask your mother and father if they may can help you change into a certified consumer on their bank card. Oh, what’s that?
Properly, proper subsequent to it’s a word that claims what this implies and right here’s how this may be such a strong software for you. Right here’s all these various things. It simply builds and builds and builds. All of those random issues collected in a single spot, they really aren’t random. They’re so useful. So, I don’t know the best way to say this with out sounding impolite, however this is really easy to digest, all of this data. It’s virtually such as you’re a instructor and you’ll convey ideas which can be complicated in simple to know methods, Dan, so good.

Scott:
Let me drone for 90 seconds right here. Right here’s what Dan calls freak part one, Might by means of August, the summer season earlier than junior yr of highschool, learn First to a Million, which is the ebook we’re speaking about at the moment. Learn Private Finance for Teenagers by Carol H. Cox. Set three monetary objectives. Implement a brand new freak tweak. Promote a private merchandise you not want or need. Discover and do a brand new enjoyable, free exercise. Go over the family payments with a mum or dad each month. Register for helpful lessons throughout your junior yr. Have a mum or dad add you as a certified consumer on their bank card. Have a mum or dad enable you to open a checking account. Begin monitoring your earnings and bills. Get a job. Create a goal-oriented social media accounts. That’s simply part one.
You repeat this basically for each part that continues by means of school with this. They get increasingly superior. I’m looking for one other one right here with this. So, right here’s freak part three, January by means of April, 2nd semester of junior yr. Learn The Richest Man in Babylon, proceed networking, consider your earnings streams, consider your transportation prices. Communicate to a college counselor about subsequent yr’s lessons. Evaluate your happiness record. Be taught extra about actual property investing. Set three monetary objectives. Implement a brand new freak tweak. Promote a private merchandise. Discover and do a brand new enjoyable free exercise. Interview somebody who’s the place you wish to be. Calculate and observe your web value.
I imply, should you’re doing these items in junior yr of highschool, getting into school, I imply, you’ll be able to think about what the remainder of the record is like. I imply, you will have them investing in actual property by the point they graduate school, I imagine, in these checklists with that or at the very least being proper on the border of that. I feel that that is so complete, so detailed, and so early that I can’t see how, should you’re in highschool and doing this, you’re not going to be once more, tens or lots of of 1000’s of {dollars} forward by the point you graduate school.

Mindy:
I’m going so as to add to your record, it’s really easy. These are small issues.

Scott:
Get a job is an enormous one or a much bigger one, however the remainder of them will not be very giant ones like that. Yeah.

Mindy:
I hold considering of those like, “These are child steps.” I can’t say that, as a result of that’s Dave Ramsey. You begin this and you may be set for all times. I can’t say that, as a result of that’s Scott’s ebook. These are the steps that you may take to start out creating habits that may change into so second nature to you, it gained’t be this burdensome factor that it’s important to do along with your life each day. Take into consideration cash. Take into consideration funds. Oh, I’ve to pay my payments. Oh, I’ve to be this accountable grownup. You’ll simply be good with cash.
You gained’t should get good with cash as a result of you’ll all the time be good with cash should you begin out good with cash. Your main viewers, Dan, is individuals who presently don’t have any cash, as a result of they don’t have a job or they’re simply beginning out. They haven’t made all of those large monetary errors that they now should dig themselves out from beneath, proper?

Dan:
Yeah. I’m glad we’re speaking concerning the workbook by the way in which, as a result of to me, like I mentioned, that’s my favourite of the 2 books. Scott, yeah. So, to get a job factor, simply to make clear, that was going into the summer season. So, I wanted them to get a job. I need them to get a job through the summer season to make some more money. Yeah, the freak phases, I feel there’s about 20 within the workbook over a few five-year interval. They’re 4 month increments of time. So, three freak phases yearly. Mainly, it’s semester one, semester two, and summer season. It’s how that breaks out. There’s a listing of duties, and also you learn a pair lists, Scott.
So, 10 to fifteen various things to do in that four-month interval, however then the workbook doesn’t simply cease there. It goes into, “Okay, right here’s the primary activity. You’ll want to get a job this summer season.” That may be a extremely a good suggestion. Then I’ve a web page or two about further data, how to do this, some methods, and issues to search for. So, it’s the playbook for early monetary independence for younger individuals. They don’t should be precisely a junior in highschool to start out the workbook. It’s very versatile. They are often youthful or older and begin the workbook in that freak part one and modify as wanted.
The workbook walks them by means of the best way to modify if they should. So, I’m extra happy with the workbook actually than the ebook, as a result of the workbook is what’s… As college students and even adults, we want motion steps and that’s what the aim of the workbook is. Inform them what to do, the best way to do it, when to do it, make it as simple as I can for them to seek out success on their journey to early monetary independence.

Scott:
Yeah. Once I was speaking earlier, I used to be saying, “That is a type of issues that’s…” You used the phrase freak. “… solely a small share of scholars would possibly willingly embrace or no matter,” however anybody can do what’s on this ebook. Why do now we have children going by means of and studying superior calculus or these different varieties of issues? That is a complicated course, a complicated 10-semester course that may get you right into a place the place you know the way to put money into actual property, the best way to put money into shares, the best way to observe your bills and finances, the best way to community, the best way to make a rational resolution a few key life resolution like school with at the very least ROI as a think about that call. It doesn’t should be the figuring out issue.
I feel you do an amazing job caveating main life selections like that, the place not all the things on the earth is about monetary independence, however this can be a large a part of the life resolution toolkit that I feel you get a extremely good overview of with all of these items. So, once more, now we have two books that we’re speaking about right here. We now have the First to a Million ebook, which might be discovered at biggerpocket.com/teen. We now have the First to a Million Workbook ebook, which might be discovered at biggerpodcast.com/teenworkbook.
I’m glad we simply spent a while speaking concerning the workbook, as a result of I feel it’s really, maybe for me, much more precious than the ebook, though I really like the ebook as a result of it has that step-by-step guidelines that the scholars can comply with over a a number of yr interval with that. However let’s convey our consideration again to the ebook itself. I’d like to get a excessive degree overview of what you suppose a number of the key factors that you simply’d need readers to stroll away with and why you constructed the ebook the way in which you probably did.

Dan:
Yeah. Nice. So, it was a chore, proper? There’s some good issues and unhealthy issues about writing for younger individuals who wish to possibly pursue monetary independence. The great factor is that they haven’t made any errors. They haven’t constructed up unhealthy habits. The robust half when writing the ebook was I needed to assume that they’re beginning at level zero. They don’t have any background information about cash or funds. So, a number of the ebook is unquestionably devoted to only primary private finance training, issues like actual property versus false property, bank card, constructing a great credit score rating, and earnings versus wealth.
So, simply educating the younger particular person on a few of these extra primary ideas after which additionally introducing them to the early monetary independence actions, what most individuals name the FIRE actions. What are the professionals and con of that? Why would they even wish to pursue monetary independence? What are the advantages of that? What does it take to get there? I discuss an entrepreneurial mindset and what’s concerned with that. I speak concerning the happiness record as I name it and the YFI. I speak concerning the idea of sufficient plus somewhat bit, which I stole from Your Cash or Your Life by Vicki Robin and Joe Dominguez. So, we cowl the entire intro stuff to early monetary independence in that pathway. After which we get into what I name the 4 mechanisms of early monetary independence.

Scott:
Properly, you’ll be able to’t depart us hanging in there. It’s a must to inform us what the 4 mechanisms are.

Dan:
Completely, yeah. So, the vast majority of the ebook, particularly in direction of the top, are devoted to these. So, mechanism primary can be to earn extra. So, I am going into completely different ways in which younger individuals can do this, whether or not it’s a facet hustle, beginning somewhat enterprise, part-time job, full-time in the summertime maybe. Mechanism quantity two is spend much less. So, I introduce the thought of frugality, monitoring earnings and bills, so you’ll be able to monitor your spending. I additionally discuss what I feel is a very powerful subject within the ebook. In there, I speak concerning the thought of paying your self first, which I stole from The Richest Man in Babylon.
By the way in which, academics are actually good at stealing. We shouldn’t say stealing, borrowing data from different individuals to make our lives simpler. That’s how we survive, actually, as a instructor. So, mechanism quantity three is to avoid wasting the distinction. So, should you’re incomes extra and spending much less, hopefully, it can save you the distinction. Most individuals suppose financial savings, “Oh, you simply don’t spend cash.” Properly, there’s technique round, “The place ought to that cash go? How do you tag that cash or earmark that cash that you’re saving? The place’s the perfect place to place it?”
Earlier than you go into mechanism quantity 4, which is make investments your financial savings properly, the place is the perfect place to place the cash I’ve saved for long run investments to construct my web value to achieve monetary independence? Within the ebook, I occur to concentrate on actual property investing and index funds, however I additionally go into another choices as effectively.

Scott:
I’m a mum or dad. I’m listening to this. I wish to get my child on this. The place’s the place to begin to pique the curiosity of the scholar?

Dan:
So, within the ebook, there’s additionally what I name featured freaks. There are case research on a number of completely different younger people who find themselves both already financially impartial at a really early age or are on their manner to do this. So, I feel should you’re a mum or dad and you purchase First to a Million… By the way in which, timing is ideal. This can be a nice vacation reward/stocking stuffer factor. Dad and mom, get this to your child for the vacations and alter their life. However should you give them the ebook, have them begin by studying these featured freak case research. I feel that’s actually one of the best ways, as a result of they’ve been informed, as all of us have, that the one option to go is that typical American dream pathway of 9:00 to five:00 till you’re 65, that grind. So, studying these featured free case research will open their eyes to, “Oh, there are different choices.”
The entire purpose I wished to write down the ebook and the workbook was to not inform younger those who they need to pursue monetary independence, early monetary independence, however to say, “Hey, there are different choices,” after which laying out the choices that the majority of us by no means discover out or find out about, the early monetary independence methods.
After which as soon as the ebook is completed, I say, “Now, the ball’s in your court docket, you get to determine what’s finest to your future goals, aspirations, and intentions. What do you wish to do along with your life?” You may positively go that typical pathway. There’s nothing improper with it. It’s confirmed to work and many individuals have carried out it and have lived very completely happy lives. However now there’s an alternative choice you recognize about. So, now you can also make an knowledgeable resolution about the way you wish to reside your life.

Mindy:
Subsequent week, now we have a type of featured freaks on our present. Jabbar Adesada is approaching and you’ll’t hold this child down. You may’t include his pleasure and his enthusiasm. He’s the strolling, speaking success story to your patented methodology for early monetary independence. Is he 19 or 20? He’s 20 now.

Dan:
He simply turned 20 a month in the past, I feel.

Mindy:
He simply turned 20, spoiler alert. He simply turned 20. He owns $850,000 value of actual property. He simply began investing in actual property by means of partnerships and thru a few of his personal investing. He’s home hacking. He explains all of those phrases in his episode and it’s a unbelievable actual life true story description of the entire issues that you simply inform in your ebook. He’s an embodiment of all the things that you simply share in your ebook. I earn extra. I spend much less. I pay myself first. I save the distinction. I’m investing properly in actual property and I’m doing it. I’ve these huge aspirations. Bankers informed him, “No, we will’t lend you cash since you’re too younger.” He’s like, “That’s okay. I’ll discover someone else.” He did. How many individuals did he speak to, 19 lenders or 14 lenders or one thing?

Dan:
Yeah, I feel 16 lenders.

Mindy:
Sixteen. I imply, it wasn’t simply someone informed him no after which he went to the subsequent man they usually informed him sure. He stored going and going and going and it’s not all the time this piece of cake. Oh, I wish to purchase a home. Properly, right here you go. Right here’s a mortgage. There’s some work concerned in it, however once you put your thoughts to one thing, you’ll be able to accomplish absolutely anything. Right here’s a 20-year-old child. I say child, as a result of I’m not 20. Right here’s a 20-year-old child who owns $850,000 in actual property. That’s not small potatoes and he’s 20 years outdated. You may’t begin shopping for actual property till you’re 18. It’s some authorized factor the place you’ll be able to’t signal authorized contracts till you flip 18, until you accomplice. That’s an extended story. So, in two years, $850,000 in actual property.

Scott:
So, I like it. Jabbar is clearly an extremely motivated particular person and Dan really co-hosted that episode with Mindy. So, I sit up for listening to that episode when it comes out. I really haven’t heard it fairly but, however I’ve heard by means of you guys simply how unimaginable this particular person is and sit up for it. I feel that’s an amazing reply. My query was, “How do you start peaking the curiosity of a excessive schooler on this?”
A hit story is a a lot better place to start out than with a type of 4 levers, it seems like, however then how do you translate that to… Your ebook does this with the checklists and the objects within the workbook. However what are a number of the issues that college students possibly really feel is most related or most fun about getting began with as they’re starting to take the primary steps and taking motion and making use of what they’ve realized from a private finance perspective?

Dan:
Yeah, popping out of the field, I feel what younger individuals wish to know is that… Properly, younger individuals don’t wish to be pressured to do something and oldsters on the market know that that may be very true. Should you’re telling your child, “Clear your room, clear your room, clear your room,” that’s most likely the very last thing they’re going to do. So, at the moment’s teenagers aren’t any completely different. I feel one of the best ways to get them or concerned is to say, “Hey, there are different choices. Possibly you don’t wish to work till you’re 65. Possibly you do, however listed below are another choices. This ebook and the FIRE group and everybody concerned will clarify to you that there are different choices.”
However in the identical breath, acknowledging that the pathway to early monetary independence is just not for everyone. Actual property investing is just not for everyone. Entrepreneurship isn’t for everyone. It takes the correct mindset, which I feel is considerably realized, but in addition considerably you simply have a number of the items of that mindset, however there aren’t any improper selections right here. By the way in which, mother and father, please enable your younger individuals to make errors of their journey, as a result of that’s how all of us study finest.
By that, I imply, possibly they do overdraft their checking account. Possibly they do overspend on their bank card. Possibly they make another errors, however I feel we have to enable them to do this after they’re younger, particularly after they’re residing at residence, as a result of they’re in a a lot safer surroundings than after they’re off on their very own after highschool, maybe in school, or past. So, simply letting them know there are alternatives after which additionally letting them know, that is your alternative, as a result of it’s your life.
There is no such thing as a proper or improper manner or solutions to those questions, however now that you’ve got a great understanding in the event that they’ve learn the ebook, a great understanding of the early monetary independence pathway, you determine, “Do you wish to hammer it?” There are some younger individuals who have reached early monetary independence of their mid-20s. Their passive earnings is paying for all their residing bills. There are different individuals who attain that objective possibly of their 40s or 50s and there are some individuals who nonetheless work till they’re 65. So, you’ll be able to go wherever in between there. Once I say you, I imply the reader, the younger particular person, {the teenager}. You may go wherever in between 25 and 65. The selection is yours, however now, you will have the knowledge to make the correct alternative for you.

Mindy:
As a mum or dad, it’s so laborious to let my children make a mistake, as a result of you’ll be able to see the error coming a mile away and also you’re like, “No, don’t do this.” Permitting them to overdraw their checking account, that’s an costly mistake. I imply they solely had 20 bucks in there within the first place. They wrote the test for $25. That bounced and now they owe one other $20 or $25 or no matter. Day by day that they don’t put cash in is extra money that… You’re like, “Oh, I don’t need you to do this.” However once you study that lesson firsthand, you actually study to not make that once more. It’s so laborious to sit down there and allow them to make that. That’s a extremely good recommendation. Dad and mom, should you’re listening, let your children make these errors. That’s actually laborious although. I actually wish to simply leap in and it’s that management freak factor.

Dan:
One other piece of recommendation I’ll give mother and father on the market or possibly two is we touched on this earlier, I feel. The concept of taking a yr off after highschool, what’s known as a spot yr, I feel, is a tremendous thought for many younger individuals to have interaction, taking that yr off to both journey, do service work, work a job, discover a profession, possibly an apprenticeship or an internship. There’s so many issues you could possibly do in that yr. They’re probably not shedding a lot, as a result of in the event that they determine to go to varsity or possibly group school or technical college, they’ll nonetheless begin {that a} yr after graduating from highschool.
The opposite factor I’d say to oldsters listening is please don’t get caught up. I see this on a regular basis at my college. Please don’t get caught up in your identification is someway tied up or your value as a mum or dad is someway tied into what your pupil does after highschool or what kind of school they get into. It’s not all the time the perfect resolution to your child to go to the costliest prestigious school that they get accepted into. Do them a favor.
Although it might not be what’s finest to your picture, do them a favor and sit down and take a look at the price of the completely different colleges that they’re accepted into or that they might apply to and do what’s really finest for them and their future and never what’s going to sound finest once you’re speaking to your mates about what little Jimmy or Sally’s doing after highschool. I’ll refer readers again. Mindy, you’re so nice at realizing completely different episode numbers, however the current podcast you guys had with the gentleman who did the ROI examine on faculties and majors. Dad and mom, should you haven’t listened to that, you bought to take heed to that as effectively.

Mindy:
That’s episode 251 with Preston Cooper. It’s titled, “Is school value it?” He did an exhaustive examine on the ROI of school levels, completely different levels at completely different faculties. In some circumstances like engineering, the school you attend actually doesn’t make a distinction. Different levels, the school you attend does make a distinction within the return on funding in your lifelong incomes potential. Some levels, which I discovered very shocking, he mentioned, it’s really detrimental to your potential lifelong earnings to even attend and get the diploma psychology was on that record, which I discovered fairly shocking, as a result of it’s a default diploma.
A lot of individuals go, “Properly, I’m probably not positive what I wished to check. I’ll examine psychology.” After which it seems that not going to varsity is best than going to varsity and learning psychology, which isn’t what we had been informed once we had been in highschool. Oh, go to varsity and examine one thing. That was a extremely highly effective episode. Not solely was he very fascinating, however he had knowledge level after knowledge level after knowledge level to again up his data. Oh, effectively, we checked out this and we checked out this too. He’s so good. He’s so sensible. Scott, what was one of many issues that he shared? They began your earnings potential once you begin incomes proper out of highschool versus ready for 4 years after which begin incomes.

Scott:
Yeah. Look, I feel that it was an exhaustive examine with this. Preston talked about how they’d accounted for alternative value for the time worth of cash at a 5% low cost fee adjusted for lifetime earnings. They analyzed it, not simply with children who go to varsity after which go on to get jobs, however with children who’re in the identical socioeconomic standing with comparable grades and varieties of backgrounds, how they fared versus going to varsity versus not going to varsity. So, it’s been one thing that has impacted, that skewed the incomes of school graduates in comparison with possibly a greater management group with that.
So, I feel it was a rather well carried out examine with that. I feel the place that ties again in with what Dan’s carried out right here is Dan, I feel, has carried out a extremely good job in First to a Million speaking about how the school resolution is a choice. It’s not a, “Give me, I’m going to go to varsity. We’re going to go to the perfect college and assume all of this debt.” It’s a choice with actual world repercussions and that should all be factored into this resolution with this. I feel that that’s a wholesome option to view it. On the finish of the day, this doesn’t change the truth that for many majors and for maybe many, if not most highschool grads, school continues to be going to be a great resolution on the finish of the day with that, proper?
The ROI was optimistic in that examine for many majors, however it’s additionally scary to notice that as a lot as 40%, relying on which variation of the tweaks you wish to go together with in his mannequin examine, however round 39, 40% of these majors are ROI detrimental. You’ll want to perceive that should you’re going to go and get a detrimental ROI in your school diploma, you higher actually love what you’re doing. That higher be an intentional alternative since you’re destroying the financial worth by attending that faculty.

Dan:
Yeah. I’ve one query about that episode that I used to be considering after I listened to it. By the way in which, we will all the time edit this out if we don’t wish to go down this highway an excessive amount of. However the ROI that Preston calculated, was it primarily based on what number of years working in that trade? Was it a piece till you’re 65 years outdated profession and that was the ROI return? As a result of for many listening to this podcast, that’s most likely not the lifelong ambition. Are you aware what number of years he was factoring in?

Scott:
I feel it was to conventional retirement age, however then we will actually start nerding out right here and say that when you get previous 20 years in a reduced cashflow mannequin, it doesn’t actually matter. The final 10, 15 years actually matter a complete lot much less, as a result of sure, they nonetheless stack up worth, however the low cost fee begins to actually wean off at that time. So, yeah, I’d be right down to go forward and discover the mannequin, however I feel that most likely over the course of a 10-, 15-, 20-year profession, something that has a significant ROI, possibly a pair 100K might be going to repay from a school perspective. However I feel you’re proper. It might skew it just some extra foundation factors. Possibly 45, 50% of levels would possibly then be impartial or detrimental ROI. Who is aware of?

Mindy:
Dan, we’ve talked about Jabbar and he was such a delight to speak to. How did you meet Jabbar?

Dan:
Yeah, I’ve had the pleasure of realizing him for a yr and a half, possibly two years now. I met him within the Sheeks Freaks group, which is a web-based group that I’ve created for younger people who find themselves freakish, who’re FI freaks or Sheeks Freaks. They’re all in favour of issues like early monetary independence, entrepreneurship, actual property investing, frugality mindset, facet hustles, and all these completely different subjects that fall beneath that umbrella of early monetary independence. So, I met him in there fairly some time in the past. He’s positively one of many stars in our Sheeks Freaks group, however there are a lot of, many different like him. After which there are others who’re simply becoming a member of each day who’re on the very starting of their journey.
Jabbar has invested in actual property, however after I first met him, he had not. He was only a newbie and stuff, studying about all this. So, yeah, the Sheeks Freaks group, I get pleasure from clearly working with college students in my classroom. Having individuals like Scott and Craig are available in and me telling them about early monetary independence, I feel, is what’s finest for them, however it dawned on me fairly early that I’ve a restricted capability or restricted attain in my classroom.
So, a constructing a web-based group the place I might attain theoretically 1000’s of younger individuals with the identical data and the message and these concepts was one thing I wished to do. So, I constructed a web site, some social media, a weblog, and a group, a membership group the place younger individuals can be a part of and meet others identical to them who’re freakish, who’re pursuing all these objectives.

Mindy:
Yeah. Having a group of like-minded individuals the place you’ll be able to discuss issues that you’re experiencing is so useful, as a result of it’s very easy to seek out someone who’s not in your group to naysay or speak you out of no matter it’s you’re fascinated with, however having someone who’s going by means of the identical factor, particularly with actual property investing, it’s really easy to bounce concepts off and get someone who’s been there that can assist you in your journey too. That’s actually useful.

Scott:
So, Dan, the place are all of the locations that folk can discover your ebook, this group, you? The place are these areas?

Dan:
Yeah, thanks for asking. So, the ebook, First to a Million, is out there proper now at biggerpockets.com/teen. The workbook is biggerpockets.com/teenworkbook. I imagine there’s a hyperlink the place you’ll be able to go to purchase them collectively and get somewhat low cost. Mindy, wasn’t that true?

Scott:
It’s at biggerpockets.com/teenpack.

Dan:
There you go. If people wish to get ahold of me, they’ll merely discover me on BiggerPockets. I’m on there each day, Instagram, LinkedIn. They’ll additionally ship me an electronic mail, [email protected] I ought to make clear, Sheeks Freaks is S-H-E-E-Ok-S, that’s my final identify, after which F-R-E-A-Ok-S. Yeah.

Scott:
Superior. Should you can’t keep in mind all of these hyperlinks, you’ll be able to simply keep in mind one, which is biggerpockets.com/moneyshow255. We are going to hyperlink to all the things we simply described there within the present notes so that you can go and discover there.

Dan:
I’ll additionally provide you with guys a hyperlink for the present notes. If a listener on the market or if there’s a younger particular person listening or someone is aware of a teen who is likely to be all in favour of becoming a member of that Sheeks Freaks group, there’s a free membership degree, which actually has a ton of worth and also you’re surrounded by like-minded individuals.
There’s additionally a paid membership degree in that group. The paid membership degree has a seven-day free trial. I’m not making an attempt to make tons of cash off younger individuals. I’m simply making an attempt to pay for the bills of getting the group. But when they wished a reduction on the paid membership, they’ll use the low cost code, cash, as in BiggerPockets Cash Podcast at checkout. They’ll avoid wasting cash on that premium membership into the Sheeks Freaks group. So, I’ll ship you guys a hyperlink to place within the present notes for that as effectively.

Scott:
Sounds nice. Thanks a lot.

Mindy:
Yeah. Superior. Dan, thanks.

Scott:
Earlier than we get out of right here, Dan, do you will have any jokes for us at the moment?

Dan:
I’ve 19 years’ value of instructor jokes. We might do a complete hour phase on that.

Mindy:
No.

Dan:
I do dream of the day when Scott and I can simply do a podcast the place now we have a joke off or a joke-athon.

Scott:
Episode 255 and a half.

Dan:
Trip. So, let’s see. Do you all know why the mathematics ebook was so unhappy? As a result of it had so many issues. Are you aware why the bicycle fell over? It was too drained.

Scott:
I’ve a T-shirt with that one.

Dan:
After which my favorite-

Scott:
You bought that shirt for me.

Mindy:
I can nonetheless groan.

Scott:
Okay.

Dan:
Mindy is contributing to the issue right here by shopping for Scott’s shirts. Yeah.

Mindy:
Contributing to the delinquency of a minor.

Dan:
My favourite is although that you simply heard the information that the Energizer Bunny was arrested in Downtown New York. He was inflicting bother final night time. He was arrested by the cops. I’m not precisely positive what he did. I do know he was charged with batteries, so it’s fairly severe, no matter it’s.

Scott:
Oh, that one. That’s an amazing one.

Mindy:
No, it wasn’t.

Dan:
You guys are identical to my college students. They take a look at me after which they snigger at me that I feel my jokes are humorous.

Mindy:
I can electronic mail Dan and Scott-

Scott:
I’m laughing with you.

Mindy:
… with all your unhealthy jokes. Don’t electronic mail them to me. I don’t need them.

Scott:
Superior. Properly, Dan, thanks a lot to your phenomenal jokes, this unimaginable contribution to, I feel, the world of creating private finance accessible to younger individuals. I imply, it’s only a complete ebook from begin to finish and extra companion workbook. There’s 300, 400, possibly 500, 600 complete pages of content material right here that may assist individuals construct a monetary place from junior yr of highschool all through school. I feel it’s going to make an amazing distinction for quite a lot of younger individuals on the market and set them for a lifetime of abundance and never having to fret about whether or not they’re going to succeed financially. So, thanks for all you’ve carried out right here. I hope lots of people are in a position to get that profit from these books.

Dan:
Yeah. Thanks a lot for having me guys and I do wish to give a shout to only BiggerPockets typically for taking a danger with this ebook. I imply, I feel we’re going to finish up altering plenty of lives, however it’s not the standard ebook for BiggerPockets to place out, however I’m glad that they obtained on board and are serving to me assist different younger individuals reside their finest lives. So, thanks to BiggerPockets and all people concerned.

Scott:
I don’t suppose we might be extra delighted to publish this ebook. I feel it’s going to make a huge impact on lots of people. So, thanks, Dan.

Mindy:
Thanks, Dan. We’ll speak to you quickly. All proper. That was Dan Sheeks. Scott, I don’t even should ask you what you considered the present, as a result of I do know what you considered the present. You thought it was unbelievable as a result of it’s a unbelievable ebook. Dan is a unbelievable function and I’m so excited for this ebook and this workbook, particularly the workbook.
We talked concerning the workbook. I’m so excited for the workbook as a result of it’s a step-by-step. Do that, do that, do that. Right here’s a plan that can assist you change into actually superb with cash in very simple, actionable ways in which aren’t going to only eat your life. It doesn’t should be this daunting activity. It’s really very, very simple. Dan has taken these steps and damaged them out into simple to do, even once you’re 15, very actionable steps to take, to make your self the primary to one million, the primary of your mates to one million {dollars}.

Scott:
Yeah. I don’t understand how you could possibly have requested for a greater work that may help teenagers with this sort of stuff. I imply, he’s obtained, once more, 19 years of expertise instructing college students with this. He has given these step-by-step directions. I and Craig Curelop have been in his classroom, watching him study during the last 4 or 5 years what works, what doesn’t in relation to instructing seniors in highschool, largely seniors, some juniors in private finance and the ideas of economic independence.
I feel there’s no yet another certified or nobody higher located to write down this ebook and to, I feel, make this accessible to, once more, that share, that choose few share of highschool college students that want to really jumpstart their monetary positions in highschool and in school. So, they’ll hit the bottom working after they graduate.

Mindy:
I couldn’t agree extra, Scott. I’m so excited for this ebook. I’m so excited for all the youngsters who’re 15, 16, 17 years outdated, who’re going to get this ebook. Take motion, as a result of simply having the ebook in your palms isn’t going to do something. Taking the motion after which in 10 years, being so good with cash that their future, not their monetary future, their complete future is broad open to look actually something they wish to do.

Scott:
100%.

Mindy:
Okay. You probably have a teen in your life, your niece or nephew, your youngster, sit down with them, take heed to this episode, hand them the ebook, hand them the workbook, ask them to do you a favor and skim by means of the ebook, ask them to undergo the workbook and begin taking motion. They may thanks for it in 5 years.

Scott:
Completely.

Mindy:
Okay. Scott, ought to we get out of right here?

Scott:
Earlier than we get out of right here, I wish to handle one thing actual fast right here. I do know a lot of you will have heard the information should you take heed to the BiggerPockets Actual Property Podcast, that Brandon goes to step down at the very least for a number of months because the full-time host of that podcast. You’ve most likely been seeing that there have been different podcasts on the BiggerPockets Cash Podcast. I wish to guarantee you that I’m not stepping down from the BiggerPockets Cash Podcast. I really like doing this. It’s an enormous a part of my week and one in every of my favourite issues.
I’m most likely over the subsequent yr going to maneuver to as soon as every week or one and a half instances per week on common with that as we convey on some new faces with that. I plan to be part of this present and a daily host for a few years to come back so long as nothing adjustments and there’s no surprises across the nook with that stuff. However I really like this. That is one in every of my favourite issues to do right here at BiggerPockets. I’d not give it up for the world. So, once more, I’m simply shifting most likely right into a as soon as every week function in 2022 and going ahead with that, however I can be right here for a really very long time and love doing this present with Mindy and all of you. So, thanks a lot.

Mindy:
Properly, thanks for adjusting that, Scott. I, in fact, am going nowhere ever. I can be persevering with to come back to you at the very least twice every week and typically thrice every week if I simply can’t, if I discover one thing that I simply can’t maintain off on. Additionally, we’re beginning to make movies on our YouTube channel on a really extra common foundation. So, please test that out as effectively. Okay. Now, ought to we get out of right here, Scott?

Scott:
Let’s do it.

Mindy:
From episode 255 of the BiggerPockets Cash Podcast, he’s Scott Trench and I’m Mindy Jensen saying bye-bye, butterfly.