How would a six-figure side hustle change your financial picture? Think of the possibilities-being able to travel, becoming debt-free, or even buying your dream home. For most Americans, income is capped at what you make through a salary. There isn’t enough time, creativity, or energy left at the end of the day to make more. But, one specific subset of employees does have an upper hand that most people overlook-teachers. With a sizable summer break, teachers can make more than many others, even with their median incomes.
Someone who took full advantage of this lucrative scheduling was Skyler. Skyler was raised in a very frugal household, resorting to food stamps and government subsidies at times. But Skyler was poised to turn a hard past into hard assets and later, financial freedom. He used financial aid to heavily discount his college tuition, rent-hacked (sometimes for free) into his mid-twenties and thought of every decision as a return on investment.
As he slowly whittled down the debt he had accumulated through school, real estate caught his eye. Skyler not only began selling homes on the side as an agent but performing live-in flips during the off-season of his teaching career. This skyrocketed his net worth, debt payoff schedule, and timeline to financial freedom. He’s made so many wise moves that Skyler will soon be saving eighty percent of his income all while living for free abroad!
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Becoming a Real Estate Millionaire on a Teacher’s Salary:
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Starting From $0 at Age 35 as a Teacher and Becoming ‘The Millionaire Educator’:
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Is a Live In Flip Right for You? Here’s How to Tell:
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How to Find Free Money to Finance Your Education:
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Episode 331
00:00 Intro
2:26 Frugality, Food Stamps, and Free College
09:51 Aggressively Paying Off Student Loans
18:56 Making More and Buying Their Primary
25:25 Live in Flipping and Becoming Debt-Free
38:18 Adopting and Saving 80% of Their Income
48:51 A Teacher's Tips For Financial Freedom
53:58 Skyler's Current Portfolio
56:47 Recapping Skyler's FI-First Story
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