In this episode of *The Teacher Money Show*, Shaun Morgan sits down with Joel Allen to explore his inspiring journey to financial independence as a teacher. From $150,000 in debt to financial freedom in less than 10 years with kids as a teacher! This story will blow your mind. Explore the show notes at: https://www.teachermoneyshow.com/show67 Become a guest on the show: https://www.teachermoneyshow.com/guest Leave a voicemail question: https://www.speakpipe.com/teachermoneyshow Starting Place for Getting Out of Debt https://www.teachermoneyshow.com/debtinventory Discover how Joel and his wife tackled $150,000 in student loans and mortgage debt within just a few years using Dave Ramsey's debt snowball method. Joel explains how they lived on one income, focused on intentional financial planning, and ultimately became debt-free. Learn how Joel's entrepreneurial ventures, including a thriving wrestling camp and apparel business, provide additional income streams and the flexibility to homeschool their five children. He shares the importance of designing a life aligned with your values and taking calculated risks to achieve both personal and professional fulfillment. Whether you're looking for practical financial advice or inspiration to pursue financial independence, this episode is packed with inspiring insights and encouragement. 👉 **Subscribe for more tips on teacher finances and financial freedom!** 🎧 **Listen now to transform your mindset and your future.** #TeacherMoneyShow #FinancialIndependence #DebtFreeJourney #TeacherFinance #EntrepreneurialTeacher #LifestyleDesign #PersonalFinanceTips

In this episode of *The Teacher Money Show*, Shaun Morgan breaks down the essential investment vehicles every teacher should consider to grow their wealth and achieve financial independence. From Roth IRAs to 457Bs and Health Savings Accounts (HSAs), Shaun provides a comprehensive guide to selecting the best options tailored to your financial goals.

Explore the show notes at:

https://www.teachermoneyshow.com/show66

Become a guest on the show:

https://www.teachermoneyshow.com/guest

Leave a voicemail question:

https://www.speakpipe.com/teachermoneyshow

Recommend using Fidelity (affiliate link):

https://fidelity.app.link/e/oCNKRWIuoNb

Learn why Roth IRAs are ideal for flexibility and low fees, and discover the unique benefits of 457B plans, especially for teachers planning early retirement. Shaun also highlights the tax advantages of HSAs for those with high-deductible health plans and shares tips for navigating 403b plans effectively using trusted resources like 403Bwise.

If you're curious about taxable brokerage accounts or wondering why 529 plans aren't ideal for retirement savings, this episode is packed with insights to help you make informed decisions. Whether you’re just starting your financial journey or looking to optimize your retirement strategy, this discussion will give you the tools to build a secure future.

👉 **Subscribe for more tips on teacher finances and retirement planning.**

🎧 **Listen now and take control of your financial future!**

#TeacherMoneyShow #InvestingForTeachers #RothIRA #457B #RetirementPlanning #FinancialFreedom #HSABenefits

In this episode of the Teacher Money Show, Shaun Morgan sits down with Kanwal Sarai, founder of Simply Investing, to explore the power of dividend investing. Kanwal shares his insights on how to create a consistent income stream through dividends, making it possible to build financial independence and stability.

Explore the show notes at:

https://www.teachermoneyshow.com/show65

Become a guest on the show:

https://www.teachermoneyshow.com/guest

Leave a voicemail question:

https://www.speakpipe.com/teachermoneyshow

How to Save Money on a Teacher's Salary

https://www.teachermoneyshow.com/save

**What You’ll Learn:**

- **Dividend Investing Basics**: We talk about the basic vocabulary you need to understand what dividends are. We also talked about why dividends are better for reliable income for investors that regular stock investing.

- **Kanwal’s 12 Rules of Dividend Investing**: This is where the magic happens. Learn the step-by-step process to select high-quality dividend stocks, from understanding the business to analyzing debt levels and profitability. These 12 steps, if followed, will guarantee long term wealth generation!

- **Stock Picking vs Index Funds**: It might surprise some listeners that I'm okay with Kanwal's method for picking individual dividend stocks. His explanation for why he does that instead of dividend-focused ETFs or mutual funds works, so be sure to listen to that!

- **Key Takeaways**: Gain actionable advice on prioritizing education, maintaining discipline, and leveraging Kanwal’s strategies for long-term financial success.

Whether you’re new to investing or looking to refine your strategy, this episode provides the tools and knowledge you need to make informed decisions.

🔔 **Subscribe to the Teacher Money Show** for more insights on how educators can build wealth, reduce financial stress, and achieve their goals. Don’t forget to like, comment, and share!