Show notes
From one educator to another, you’ll hear how the education system can maximize your compensation and make it work for you. Dr. Steve Frandsen, author of “The Millionaire & Me: A Teacher’s Guide to Becoming a Millionaire,” current educator and principal, discusses the secrets of wealth and the teaching profession. He’ll explore the positive aspects of this career path and how to take advantage of the unique possibilities that exist within it. This isn’t just another finance expert talking about money — it’s someone who truly understands the day-to-day realities of educators and has discovered practical ways to build real wealth while living that life.You work hard. Your money should be working hard for you. Dr. Frandsen discusses 5 levers:1. Maximizing Your Retirement Benefit2. Make the Profession Pay You3. Tell Your Money What to Do4. Put Your Money to Work5. Expanding Your OptionsTimestamps:00:00 – Intro02:57 – Dr. Steve Frandsen's Journey from Educator to Author04:07 – The Inspiration Behind “Millionaire & Me”05:03 – Challenging Systemic Messages: Teachers & Wealth08:16 – “Five Levers” for Teachers to Build Wealth14:46 – Uncovering “Hidden Financial Potential” in School Districts23:33 – Common Misconceptions: Pursuing Wealth While in Education 27:03 – Working After Retirement & How It Fits into Wealth Building29:27 – How Finances Affects Your Effectiveness as an Educator 31:40 – Common Financial Mistakes Teachers Make33:43 – Dr. Steve Frandsen's Financial Journey &Strategies37:36 – Last Words & Challenge to Educators39:15 – OutroIf you haven't had the chance to meet with us one-on-one in a virtual or in-person format, and are within 2 years of retirement eligibility, be sure to log in to your TRS account online and register for a session today! Are you new to TRS or in the middle of your career? Be sure to designate your beneficiaries as soon as possible in your TRS online account. We want to hear from our members! Please email the show for topic inquiries, questions, and comments! Contact us at [email protected]. Host: Everett Crockett Guest: Dr. Steve Frandsen, “The Millionaire & Me” AuthorFor more information visit: www.trsga.com Facebook: https://www.facebook.com/trsgeorgia YouTube: https://www.youtube.com/@trsgeorgia Instagram: www.instagram.com/trsgeorgia#YourRetirementInFocus #WealthPodcast #Retirement This podcast is for information purposes only and should not be considered legal, financial, or tax advice. The views and opinions expressed are those of the speakers and may not reflect the views of the Teachers Retirement System of Georgia.