Starting Them Young: Inspiring and Educating the Youth to Build Wealth Pt. 2

Jan 19, 2022

This is part 2 of my conversation with Dan Sheeks. Dan is a high school business/marketing teacher, real estate investor, author, and personal finance advocate in Denver, Colorado. He founded the online community, SheeksFreaks which is a community that is specifically for young people (ages 15-25) who are highly motivated in the areas of building wealth, entrepreneurship, real estate investing, mindset, early financial independence, and networking. He and his wife have a variety of real estate investments including multifamily, single-family, Airbnb, and out-of-state BRRRR, and he aims to help teens use specific methods of saving, earning extra income, and investing to set them on a track to purchase real estate investment properties in their early 20s and achieve financial independence at a young age.

 

In this episode, Dan and I continue the conversation on the importance of teaching kids to be financially literate at a young age. We also talked about how motivation may vary between kids who come from well off families vs. those who are not so well off, how we should be giving kids options instead of telling them what to do, and allowing kids to explore different paths instead of forcing them to go to college. All this and more in this episode, so make sure to listen in until the end! 

 

Continuing the Conversation with Dan 

• Sometimes kids who are not so well off are more interested on how money can work for them as opposed to wealthy families 
• Well off families usually don’t have the same money motivation

 

Financial Independence as an Option 

• Giving the kids options instead of telling them what to do 
• Consequences of getting into student loans 
• Having student loans are financially crippling 
• Corporations acknowledging that college degrees are not necessarily worth the investment 
• No degree is needed for real estate investing 

 

Teaching Financial Literacy to Kids 

• Learning through connecting with people their age 
• Teaching kids to be okay to be different 

Tweetable Quotes:

 

“There are major corporations now Google, IBM, Apple, to name a few who recognize that a college degree isn't necessarily worth the investment. So they're hiring high school graduates who meet certain criteria without a degree.” - Dan Sheeks 

 

 

 

Connect with Dan on LinkedIn or check out the SheeksFreaks website! 

 

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