- Guest: Gerry Born, The Millionaire Educator
- Episode focus: Gerry Born's remarkable journey to becoming a millionaire using retirement accounts and intentional living strategies. And you can do it too!
**Show Notes and Resources:**
- For detailed show notes and additional resources, visit: https://www.teachermoneyshow.com/show17
**Free Financial Coaching:**
- Get free financial coaching by coming on the show at: https://www.teachermoneyshow.com/guest
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- Send a voicemail with your questions to the show: https://www.speakpipe.com/teachermoneyshow
**Episode Highlights:**
**1. Gerry Born's Inspirational Journey**
- Introduction to Gerry Born, a retired high school Spanish teacher and basketball coach, sharing his path to financial success and millionaire status, all while teaching at a public school.
**2. The Power of Strategic Retirement Planning**
- Gerry emphasizes the importance of strategic retirement planning, illustrating that even as a public school teacher, it's possible to achieve a comfortable and early retirement.
**3. The Role of Retirement Accounts**
- Learn about the significant role of retirement accounts designed for educators, such as 403(b), 457, and IRAs, in building wealth and expediting the path to retirement.
**4. The Impact of Fees on Investment Returns**
- Delve into the critical issue of fees and how they can diminish your investment returns. Discover the importance of staying informed and advocating for better investment options.
**5. The 457 Account Advantage**
- Gerry Born shares his personal experience using a 457 account to amplify his savings and retire on his terms, highlighting the potential of this account for educators to accelerate retirement.
**6. Understanding the 403(b) Retirement Vehicle**
- The 403(b) retirement account is often misunderstood. The episode discusses the importance of educating yourself about your investment choices and advocating for better options when necessary.
**7. Building Wealth Early and Fearlessly**
- Gerry challenges the notion that there's a limit to how much you can save for retirement. Don't be afraid to save substantial percentages of your income to set yourself up for financial success.
**8. The Positive Impact of Passion-Driven Choices**
- The episode highlights the significance of educators leaving the profession when their passion diminishes, underlining the positive effects this decision can have on both students and their financial futures.
**Conclusion:**
- An episode filled with valuable insights and advice on achieving financial success through retirement accounts and intentional living.
Your journey to financial security and millionaire status begins here!
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