Show 91 1.8 Million on a Single Teacher Income with Christina Varghese
In this episode, I discuss with Christina how she can best use a 1.8 million dollar portfolio to retire early and start making an impact on the world.
9/10/20251 min read
Some people might not believe it is possible, but at least one teacher has accumulated a portfolio of 1.8 million dollars over the course of her career on just a single teacher’s salary! In this episode Christina and I talk about how she did that, and then answer some questions about when to retire, how to reduce her tax burden, and how to best live her dream of opening orphanages and schools.
Show Notes
Options Trading Episode
Day Trading Professor (I don't endorse him, we just mentioned him)
The Trinity Study and the 4% Rule
Get a fee only financial planner with Nectarine
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Recommended Books (Amazon Affiliate Links)
The Simple Path to Wealth by JL Collins
Key Ideas
Teachers can maximize retirement accounts (403b, 457b, Roth IRA) by consistently putting more away each year
Strategies for minimizing taxes in retirement include Roth conversions, 0% capital gains tax bracket, donor-advised funds, but keep in mind a large pension makes avoiding taxes difficult.
Teachers should focus on their bigger “why”—their vision for impact—rather than obsessing about taxes/optimization in retirement, you’ll be happier.
Balancing financial freedom with purpose is key. You don’t want to just accumulate money for it’s own sake, but you also want to have enough money to make an impact.
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
Day trading and swing trading are forms of entertainment that can also make you money. Remember that you must be as interested in day trading as you are in your most fixating hobby if you want to be successful. If not you’ll lose money almost as effectively as you would in Vegas.