A Teacher's Guide to Becoming a Millionaire PAGE Talks

Did you know teachers are more likely to become millionaires than attorneys or doctors? In this episode, PAGE Talks host Craig Harper, PAGE executive director, presents a conversation with Dr. Steve Frandsen about his book “The Millionaire and Me: A Teacher’s Guide to Becoming a Millionaire.” Steve is a career educator and administrator in a metro Atlanta school district. He presents five levers that increase your chances of retiring as a millionaire.
Professional Biography
Dr. Steve Frandsen’s career in education has spanned three decades. Throughout his career, he has held many positions in a large urban school district in Atlanta. He has worked as a high school teacher for Spanish and English as a Second Language (ESOL), an assistant principal at the elementary and middle school levels, and a principal at the elementary and high school levels. He has also worked as an adjunct college professor teaching graduate courses in education for the past 15 years.
Dr. Frandsen holds degrees from Brigham Young University, Brigham Young University-Idaho, Piedmont University, and Nova Southeastern University. He also earned his Leadership Add-On Credentials from the University of Georgia. 
Apart from spending time teaching and learning, he loves spending time with his wife and his five children.
Contact Dr. Frandsen: millionaireandme@gmail.com
Resources
The Millionaire and Me – Buy the book from the website
The Millionaire and Me - Amazon
Are you interested in the millionaire research by Ramsey Solutions? National Study on Millionaires
Production Notes
Music for PAGE Talks is Inspirational Outlook by Scott Holmes
Podcast cover art by Dolly Purvis with PAGE Communications
Episode Notes
(Timestamped notes are summarized from comments and are not intended as a verbatim transcript)
02:10 - For the past 20 years, I've been in the hiring business trying to recruit and retain teachers which led to the book.
02:29 – Recruitment to the profession is an issue because of the belief that as a teacher you're going to be on the short end of the stick when it comes to financial stability and well-being.
02:55 - When considering to be a teacher my mother questioned whether it was a good idea.
03:09 – Received the messages that you're not going to become a millionaire. You're not going to be rich. You're going to teach. You're going to fulfill your passion. You're going to impact the community. You'll sacrifice wealth and riches for the altruistic, wonderful aspects that the profession provides.
03:47 – Noticed that department head and husband had a beautiful home and lifestyle as well as most of retirees recognized by the district at the end of the year.
04:21 - They were relatively young people retiring and going off to this next chapter and they were all doing very well. And I started to think, how is this possible? How are they figuring out how to make this profession pay?
04:42 - I wanted to pass this knowledge on to new hires. They would look at me like “Why are you talking to me about investing? I’m 22. I just started teaching.”
05:15 – Assignment to learn about saving, investing, and compound interest.
05:55 – Encourage teachers to stay in the profession because they are walking away from a lot...