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October 7, 2020

Learning to Talk About Money, with Cody Loughlin

Episode 207:

Cody Loughlin is the ultimate serial entrepreneur. He began learning finance at age 18, was a millionaire by age 27, but then went bankrupt and had to rebuild at age 28. Cody retired at 39 to pursue his passion for teaching financial literacy, successful mindset and entrepreneurship that schools refuse to teach.

Cody’s companies have reached over $200 million in sales, and Cody has landed on the INC 5000 list of fastest growing companies in America twice. Between opening 13 different companies and counting, Cody serves as the Vice President of a commercial bank and has financed over $100 million in loans during that time.

Realizing the lack of financial education in our school systems, Cody has set out to change the financial trajectory of today’s youth, by giving tools to parents to help them deepen their relationships with their children while equipping them with the information they need to be financially free.

What you’ll learn about in this episode:

  • How Cody had planned on being a marine biologist until a lesson in compound interest sparked Cody’s passion for financial education
  • How Cody started his first company and began growing his empire, and how he achieved his goal of becoming a millionaire by the time he was 30… until he lost everything
  • How Cody reinvented himself through going into personal finance and banking, and what critical lessons Cody learned during his journey
  • Why everyone wants success and financial independence in life but too few people are willing to take action to achieve it, and why making no decision is worse than a bad one
  • Why the speed of your success comes from whose advice you choose to accept, and why the wisdom of people who have experienced and recovered from failure is invaluable
  • Why Cody chose to begin sharing his story in an effort to help others, and how telling the story of his struggles had a therapeutic effect for Cody
  • Why there is an extraordinary lack of financial and entrepreneurial education for kids, and how Cody is working to change that through his work with The Money Talkers
  • Why it is important for parents to teach their kids about finances to prepare them for adulthood, and how Cody’s podcast can help start the conversation
  • How Robert T. Kiyosaki’s book “Rich Dad Poor Dad” has made a repeated impact on Cody and his views on money, throughout his life

Resources:

Resources:

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