Host: Conrad Weaver
Guest: Nick Daugherty
Today's Episode: “So you want to be a millionaire”.
Nick Daugherty began his career with the Grand Prairie Police Department (GPPD) in 2003 serving as a patrol officer, school resource officer, and underage alcohol and drug task force officer. In 2012 he was promoted to the rank of Sergeant where he served as a patrol sergeant, field training supervisor, fleet coordinator, and criminal intelligence unit sergeant. Additionally, Nick holds a Master Peace Officer certification and a TCOLE instructor’s certificate. He semi-retired in August of 2017 and continues to serve as a reserve officer for GPPD. During his career he was awarded numerous honors and commendations, including a lifesaving award, as well as being named officer of the month 4 times, Jim Thorne Officer of the year 2 times, and the Sergeant Gregory Hunter supervisor of the year award.
At a young age Nick did a lot of irresponsible things with money partaking in “stupid tax” purchases (the art of buying toys that you can’t afford using plastic). Before he knew it, he had accumulated over $80,000 in consumer debt, most of which was wrapped up in car stereo equipment, cars, and just plain ole stuff. He was tired! Tired of being in debt, and tired from being stuck in the overtime cycle just to keep afloat!
He quickly realized that he needed to educate himself on personal finances and work to get out of the hole he dug himself into. He was introduced to the Dave Ramsey show and became an avid listener, supporter, and believer of the Total Money Makeover Program’s 7 Baby Steps to financial freedom.
He worked over a thousand hours of overtime, and sold a bunch of stuff, to be able to scream out to the world “I’m debt free” on March 7th , 2007! A graduate, and coordinator, of Dave Ramsey’s Financial Peace University, he is also a certified Ramsey Solutions master trained financial coach* and has coached hundreds of first responders through financial crisis.
In 2012 he created a revolutionary financial wellness class for GPPD, “Building Financial Strength in First Responder Families” that has been taught to over 10,000 first responders nationally.
Nick is also the president, and owner of FinancialCop LLC, a full-service financial firm for first responders, run by first responders as well as being a licensed life insurance agent. Additionally, he has completed classes through Ken Zahn’s Certified Financial Planning professional education program.
Nick also serves in various volunteer capacities nationally including the nonprofit www.serveprotect.org as an “A-Team” member as a financial wellness coordinator and crisis coach along with serving on the Texas Police Chief Association Officer Suicide Committee, focusing on the financial wellness impact in regards to officer suicide / PTSD.
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