In this episode of *The Teacher Money Show*, Shaun Morgan sits down with Rashad Muhammad to discuss setting realistic retirement goals, building wealth, and maintaining financial discipline as an educator. Rashad shares his inspiring journey from financial struggles, including bankruptcy, to achieving financial independence and planning for early retirement.

Explore the show notes at:

https://www.teachermoneyshow.com/show69

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Key topics covered include:

- **Rashad's Personal Finance Journey**:

Rashad turned his finances around after taking a Financial Peace University course and set a goal to retire at 52 with $1-2 million in investments. He talks about how it isn't easy, but it is doable!

- **Retirement Planning**:

We discuss using the 4% rule for sustainable withdrawals and leveraging pensions as part of a retirement strategy.

- **Avoiding Lifestyle Creep**:

Rashad emphasizes directing raises and bonuses into savings and retirement accounts to stay focused on long-term goals. Lifestyle creep inevitably means you need more to retire.

- **Budgeting & Living Below Your Means**:

Retirement goal setting and planning won't matter if you can't live below your means. We discuss how to approach that.

This episode is packed with actionable advice to help teachers design a financially secure and fulfilling retirement.

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🎧 **Listen now to start planning your retirement goals!**

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