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