Jae Byun discusses his personal definition of wealth and the reasons for choosing a career in teaching and coaching.

• Jae defines wealth as having the time and freedom to do what he loves rather than accumulating money.
• His passion for teaching made him feel he could do it without concern for compensation.

Jae shares his upbringing, the influence of his parents on his financial values, and his initial career intentions.

• Jae was born in South Korea and moved to the U.S. at the age of four, growing up in Fullerton with supportive parents.
• His parents instilled the value of money in him, emphasizing its scarcity and the need to manage it wisely.
• Despite considering a finance career, internships led him to seek a different path.

Jae reflects on his experiences with sports, his motivation to become a teacher, and the process of obtaining his credential.

• Sports and impactful coaches during his youth motivated Jae to become an influential figure for others through teaching and coaching.
• To become a teacher in California, Jae underwent a teacher credential program costing $15,000 to $20,000, which his parents supported financially.

Jae discusses his income from teaching and coaching, including his base salary and coaching stipend.

• Jae earns $115,000 annually from teaching and coaching, with coaching providing an additional $4,500 stipend.
• He notes the high cost of living in Orange County as a reason for the seemingly high salary compared to other states.

Jae shares his aggressive savings strategy, living expenses, and some unexpected costs he encountered.

• Jae aims to save half of his take-home salary each month while living at home.
• His spending includes living expenses, utilities, food, entertainment, an emergency root canal, and a couch purchase for his parents.

Jae outlines his approach to debt management and his investment strategies.

• He uses a credit card for most expenses to earn rewards and has a debt for solar panels, which cost $44,000.
• Jae has aggressive investment accounts in stocks and a ROTH individual retirement account.

Jae expresses his desire to give back to his parents and how he approached contributing to their well-being.

• Despite initial resistance, Jae provided solar panels for his parents' house to reciprocate their support and love.

Jae details how he ended up teaching math and coaching basketball, roles that complement each other.

• Although he initially wanted to teach English, he accepted a position teaching math and took over the girls' basketball program at his school.

Jae explains the demands of coaching and how he balances work with personal growth and social activities.

• Coaching requires Jae to be highly committed, with practices and game preparations taking up much of his time.
• Outside of work, he recharges by reconnecting with friends and engaging in activities like golf.

Jae talks about living with his parents, future living arrangements, and his outlook on finances and resource management.

• Jae plans to move out within the next 6 to 12 months and is currently maximizing his time with his parents.
• He reflects on societal perceptions and emphasizes his focus on providing for his parents and maintaining financial freedom.

Jae describes the emotional rewards of teaching and coaching and his thoughts on his career's future.

• The end of the sports season brings emotions and memories that reaffirm Jae's choice to go into teaching and coaching.
• Looking ahead, he considers a potential future in education administration or other coaching opportunities.