Can teachers really become millionaires? Gerry Born — also known as The Millionaire Educator — says absolutely. In this episode of The Teacher Money Show, I sit down with Gerry to explore how living frugally (not cheaply!) helped him and his wife build multi-million-dollar wealth on teacher salaries.

Get my short ebook: How to Save Money on a Teacher's Salary https://teachermoneyshow.com/save

Gerry shares his journey from frugal habits to full financial freedom, including how he’s now completing a $4,000 doctorate in Mexico while living comfortably on just $2,000 a month. He explains why frugality isn’t about deprivation — it’s about value, freedom, and control over your financial life.

Here are some highlights:

-The difference between cheap and frugal — and why it matters.

-How to master the “Big Three” teacher expenses: housing, transportation, and food.

-Gerry’s Seven Pillars of Wealth that any teacher can follow.

-How to use frugality to increase flexibility and peace of mind.

-Why financial independence starts with a plan — not a high income.

If you’re a teacher who wants to live better, save more, and stop feeling broke, this conversation will show you how frugal living can be your greatest wealth-building superpower.

👉 Subscribe for more personal finance tips for teachers!

Explore the show notes at:

https://www.teachermoneyshow.com/show99

Become a guest on the show:

https://www.teachermoneyshow.com/guest

Leave a voicemail question:

https://www.speakpipe.com/teachermoneyshow

Bring me to your school to talk teacher finance:

https://www.shaunkmorgan.com

#TeacherMoneyShow #Frugality #MillionaireEducator #TeacherFinance #FinancialFreedom #PersonalFinanceForTeachers #WealthBuilding #FrugalLiving

Open enrollment season is here — but do you really know what you’re signing up for? In this episode of The Teacher Money Show, Shaun Morgan sits down with Jeff Venables to help teachers make smarter, more confident decisions during open enrollment.

They break down how to choose the right health insurance plan, when dental and vision insurance actually make sense, and how to think strategically about life insurance, disability coverage, and retirement contributions. This episode gives teachers a step-by-step guide to make the most of this important annual financial checkup.

Here are some highlights:

-How to choose between HMO, PPO, and high-deductible health plans (HDHPs)

-The difference between FSAs and HSAs — and which one saves teachers more money

-Why long-term disability insurance may be more valuable than short-term

-When to buy extra term life insurance (and skip whole life)

-How to use open enrollment to review your retirement contributions and investments

If you’ve ever felt overwhelmed by open enrollment forms or unsure about your benefit options, this episode will help you take control and make confident, informed decisions for the year ahead.

👉 Subscribe for more teacher-focused personal finance tips!

Explore the show notes at:

https://www.teachermoneyshow.com/show98

Become a guest on the show:

https://www.teachermoneyshow.com/guest

Leave a voicemail question:

https://www.speakpipe.com/teachermoneyshow

Bring me to your school to talk personal finance for teachers!

https://www.shaunkmorgan.com

#TeacherMoneyShow #OpenEnrollment #TeacherBenefits #FinancialWellness #TeacherFinance #PersonalFinanceForTeachers #JeffVenables

Get my free Money Tracker: https://www.teachermoneyshow.com/tracker

Transportation is one of the biggest expenses for teachers (especially if you don't live in the district you teach in)— but it doesn’t have to drain your paycheck. In this episode of The Teacher Money Show, I break down practical ways to save money on your car, gas, insurance, and commute — without sacrificing reliability or convenience.

Cutting your transportation costs is pretty simple, but that doesn't make it easy! But if you're ready to give it a try, let's dive in!

Here’s what you’ll learn:

-How to buy a car wisely — avoid high-interest auto loans and overpriced upgrades.

-Simple maintenance tips to lower vehicle ownership costs and prevent costly repairs.

-Smart ways to save on gas, including carpooling, loyalty apps, and route planning.

-The best strategies to shop around for cheaper auto insurance and maximize educator discounts.

-How to rethink car ownership with biking, walking, or public transit — and why less driving can mean more wealth.

Remember to choose one strategy and just go with it, then move on to the next. Incremental wins are the most permanent.

👉 Subscribe for more teacher-focused financial tips every week!

Explore the show notes:

https://www.teachermoneyshow.com/show97

Become a guest on the show:

https://www.teachermoneyshow.com/guest

Leave a voicemail question:

https://www.speakpipe.com/teachermoneyshow

Book Shaun to speak at your school:

https://www.shaunkmorgan.com

#TeacherMoneyShow #TeacherFinance #TransportationSavings #FrugalLiving #TeacherBudget #PersonalFinanceForTeachers #SaveMoney #CarBudget