Teach Your Kids to Be Future Millionaires - Episode 124
In today's episode, I talk with Rachel Rodgers, one of my favorite money experts and the author of We Should All Be Millionaires. She just wrote a new book called Future Millionaire, and we dive into why it’s perfect for young people—and honestly, for anyone starting over. We talk about how to earn more money, why building wealth matters, and how parents can teach their kids about money even if they’re still figuring it out themselves. Rachel keeps it real and gives advice that’s easy to follow and full of hope.
About our guest
Rachel Rodgers is the founder of Hello Seven, a multi-million dollar company that helps diverse entrepreneurs earn more and build lasting wealth. A former attorney and self-made millionaire, Rachel’s mission is to end the cycle of overworking and under-earning for historically excluded communities. Through her podcast, blog, and online network We Should All Be Millionaires: The Club, she’s empowered thousands to take control of their financial futures. Her work has been featured on Good Morning America, Forbes, CNBC, The Drew Barrymore Show, and more.
Rachel is the bestselling author of We Should All Be Millionaires and Million Dollar Action, along with several popular Audible originals. Her newest release, Future Millionaire, offers teens and young adults a step-by-step guide to building wealth early in life. She also hosts ROI: The Millionaire Summit and reaches over 400,000 people weekly with practical, relatable money advice. Rachel lives with her husband and four children, creating a life that surpasses even her ancestors' boldest dreams.
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TRANSCRIPT:
Naseema: [00:00:00] Rachel Rogers is the founder of Hello seven, a multimillion dollar company that teaches diverse entrepreneurs how to earn more money and build wealth. Hello seven has been recognized as an E 5,000 company for the past three years. Rogers has been featured in Good Morning America, the Drew Barrymore Show, Forbes Entrepreneur, Inc.
Cheddar, CNBC, pop, sugar and Women's Health. Roger's mission is to teach historically excluded groups how to end the cycle of overworking, underearning, and financial stress. Once and for all and to build generational wealth. Through her podcast and blog, Rogers reaches over 400,000 people every week sharing guidance on how to take charge of your financial situation, increase your income, work smarter, and make decisions like a millionaire.
Even if you aren't one yet, as a business coach, attorney, CEO, black woman, [00:01:00] working mother, and self-made Millionaire Rogers brings a powerful combination of professional and personal insight. She's known for her blunt, sensible advice and for calling out the elephant in the room,
whether it is racism, misogyny, or centuries of unfair legal practices that have stripped financial power away from women. Rogers teaches her clients how to succeed financially in spite of the very real obstacles along the path. Rachel started her career working on the Hill with nonprofits, federal judges, and iconic leaders, including Hillary Clinton.
When she realized that changing the world is a lot easier and when you have some cash in your bank account, she decided to become wealthy and to teach other women how to do the same. Rachel is the host of the Hello seven podcast and founder of We Should All Be Millionaires, the Club and Online Network for professionals which has helped hundreds of millionaires and thousands become financially [00:02:00] free. her debut book, we Should All Be Millionaires. A Woman's Guide to Earning More Building Wealth and Gaining Power is a Wall Street Journal, USA Today and Amazon bestseller. She is also the author of Million Dollar Action. Your Step-by-Step Guide to Making Wealth Happen and the Audio Originals.
Million dollar Habits, six figure side hustles and plan your life of a millionaire.
Rachel's latest book, future Millionaire. A Young Person's step-by-step guide to making wealth inevitable offers teens and young adults the roadmap they desperately need to become optimistic and financially independent adults. Rachel's Premier Conferences, ROI, the Millionaire Summit, has reached thousands of entrepreneurs.
She's currently leading a life beyond her and her ancestors'. Wildest dreams with her husband and four children.
What's up my [00:03:00] financially intentional people. So if you don't know, I am one of the biggest fans of Rachel Rogers. I really love her book. We Should All Be Millionaires like that's one of my most recommended books, and she wrote a new book, so I'm super honored to have you here, Rachel. Woo
Rachel Rodgers: Thank you for having me. I'm so delighted to be here. And look, I just got the physical copy, so now
Naseema: woo. I love it.
Rachel Rodgers: it got the gold foil like the last one.
I'm like, because it needs to feel fancy,
Naseema: the gold foil is everything. I'm a gold foil girl myself, so I'm here for it. I love it, and it is a full circle moment because I remember seeing that book in a bookstore, like before I heard anything about it, and I was like. How come? I don't know, Rachel. I feel like I should know her, like she's not my homie.
What is this? And yes. I'm honored that I get to talk to you now. Yeah, let's just dive into it. Let's talk about this new book [00:04:00] that you're writing about future millionaires. 'cause that's what I'm raising.
Rachel Rodgers: Yes, exactly. So you understand,
Naseema: Yay.
Rachel Rodgers: we're, we're trying to, raise children that do not have the struggles that we experience, right? And that have. head start and not starting from behind. You know what I mean? And but the reason why, you know, and that alone is a reason to write this book.
But then if you look at our economic times, it is more needed than ever because young people today are struggling, like just Gen Z as a generation, they are not doing as well as their parents. So that means that they've inherited an economy with. They, the housing costs are very high, right?
Inflation, and so they don't, and student loans. So with all of that, they don't have the buying power. Even though wages look like they are making more than their parents, they don't have the buying power that their parents had, right? Which means they never leaving your house. don't have a new financial plan for them, like you're never getting that dedicated podcast studio that, that crafting [00:05:00] room, you got plans for their room.
But those plans are never happening, okay? Because they're gonna live with you forever. So they need, this generation needs a new financial plan that is going to work. That is more than just. Go to college, get a good job, buy a house, right? That is not the pathway anymore. That pathway is not working for the majority of young people today.
So I wanted to write a book that's gonna give them a realistic plan. 'cause you know I'm all about realistic and I assume that you're starting from zero with nothing. No
Naseema: Yeah.
Rachel Rodgers: right? No network, just the talent that you have. How can you monetize that as a young person today? So that is the goal of this book.
Naseema: So at what age idealistically would that person be picking up this book?
Rachel Rodgers: Literally, it's a big range. It's anywhere from teenagers all the way, I would say, up until like late twenties.
Naseema: Mm-hmm.
Rachel Rodgers: Gen Z right now is anywhere from 13 years old, which is the age of my daughter, all the way to 27.
Naseema: Mm-hmm.
Rachel Rodgers: is Gen Z, and that's the target audience. But as I've been doing podcasts and just doing the press tour for this, I've [00:06:00] been talking to people who are like, I'm 38 and. I got a lot of this book.
Naseema: I.
Rachel Rodgers: like, book was hidden for me, so I dunno what you're talking about.
Naseema: Yeah, that's the whole thing I was gonna say, so like at what point do you recommend, they just read, we Should All Be Millionaires, which I feel like encompasses that portion of those 30 something year olds versus like, when should they pick up this book? How do you differentiate?
Yeah.
Rachel Rodgers: That is such a great question. So I really think that we should be millionaires is all about it was a great call to action
Naseema: Mm-hmm.
Rachel Rodgers: y'all, we have more power than we realize and we need to look at our money. We need to pay attention to our money, we need to be earning more, right?
And these are all the things that are getting in the way of us earning more, right? So it's really a call to action to women. Many men have read this book and people who don't identify as women, they love it, right? This book, I would say it's more along personal finance. There's more, I don't, I never talk about investing in we shall all be Millionaires, right?
Where I talk, I have a whole chapter about investing in this [00:07:00] book. So this book has a lot of also career advice that we shall all be millionaires does not include. So how do you approach your career? What does that pathway? And then also details like how to build a side hustle, which that how to isn't really, and we should all be millionaires.
It's introducing this topic. But it's not really going into the how, so
Naseema: Hmm.
Rachel Rodgers: book is more I think it's really great for anyone who's a young person who's starting out, or if you're starting over as an older person and you're like, where, where do I even begin? What is my pathway today? I think it would be a great book for that person as well.
Naseema: Yeah, I like in having read both books, I feel like it's okay, we should all be millionaires. If I had no knowledge, like we should all be millionaires. Just gimme me crunk I'm ready to do this. Yes, this is what's up. Yes, we should, this is why. And then the other book future Millionaires is the how and those practical things.
But I understand like excuses to people who are just starting, but I. [00:08:00] I feel like my target audience is in the 30, 40 range, but everybody feels like they're just starting because they haven't had these lessons ever. Their parents haven't had these lessons. And so when I look at these books, WR written towards like this younger audience, so I'm just like what are these parents of these people like learning, like we still got a lot of work to do. Like any advice for the parents in the book Because the parents are still out of place. I don't know. This stuff more is caught than taught. I don't feel comfortable in my finances. How you think I'm supposed to teach you about it, and then it's just so I feel like it caused, there's like friction there. 'cause you want better for your kids. But you don't necessarily know the tools to give them
Rachel Rodgers: Yes,
Naseema: No.
Rachel Rodgers: And I, I honestly, my ideal scenario would be that parents and young people would read this together. So if you have kids who are teenagers, even, my, my son is 11, he's reading [00:09:00] this book as well. My daughter's 13. She's like really into it
Naseema: Mm-hmm. Mm-hmm.
Rachel Rodgers: So they're reading it.
But also my niece who is 27. Read and was like, oh my God, that investing chapter got me all the way together. She's
Naseema: Yes,
Rachel Rodgers: so hype,
Naseema: yes, yes,
Rachel Rodgers: a little
Naseema: yes.
Rachel Rodgers: to invest and so she was like, okay, I get it now.
Naseema: Mm-hmm.
Rachel Rodgers: understand. And I'm like, how amazing for her to get that lesson.
So I love for young people to be reading this, but I would love for them to read it with their parents. And in fact we've incentivized it, like we, we have a pre-order bonus that if you buy two physical copies. You get two entries into Money Camp, which is a live course that I'm teaching for completely, for free, for everybody who buys the book. If you buy two copies. The reason I did that is so that parents can attend with their, the young people in their life. Whether it's, it could be your kids or it could be like a niece, nephew. 'cause you know what, the other thing too, is aunties and uncles, y'all are not safe. They will come sleep on your couch.
They will take over your office. Okay? I've
Naseema: Yes.
Rachel Rodgers: few friends of mine who are like, I got one. I got my niece. [00:10:00] In my basement right now, and I'm like, yo, the aunties ain't sick. 'cause when you exhaust your parents, you're gonna be right at your auntie's house. Be like, let me go over here to live for free for a little while.
Yeah, so adults and the young people in their lives, I think reading it together would be amazing, right? And there's gonna be things in here that adults have maybe already experienced, but now they have a new perspective on how to do it differently. And they also then can, have some compassion and some empathy for where their kids are at.
And the world that the kids are entering into when they're starting their careers versus, the world that we entered into, which, not saying it was a picnic 'cause I graduated during the 2008 recession. So it was, I was like, glad I spent all this money on loads to have very little jobs available.
Awesome. That's actually what led me to entrepreneurship. I think we can then be having these conversations and that is so critical, right?
Naseema: Yes.
Rachel Rodgers: the language to have the conversations. Like to me, this could be a family book study,
Naseema: Mm-hmm.
Rachel Rodgers: that y'all do together.
And then say, [00:11:00] what did you think of this? Or What are your thoughts on that? What's your perspective on this? So that there's conversations and there's meetings up with the mind instead of just go get a job or whatever advice that we normally, our parents gave us that felt out of touch. Now we can. Have conversations and get aligned.
Naseema: Yeah, but finance, personal finance books can be a little bit heavy. What makes this book like more digestible for your younger audience?
Rachel Rodgers: Yes. I love this question. First of all, I talk how I talk, so how you hear me talking? That's how I write. Okay?
Naseema: Yes, yes.
Rachel Rodgers: use slang and I'm cracking jokes, and I'm also telling stories. There are stories in this book from my own youth that I was like, should I write this? Because. I don't know that everyone should know that I was a criminal when I was young, you know what I'm saying?
did what was available to me. You gonna have to read the book to get the story. Okay. You know what I'm saying? So should I be putting that in this book? But that's what some young people are dealing with. And I was like, I want them to know. Where I [00:12:00] came from, right? I still am the product, right?
Naseema: Yes,
Rachel Rodgers: if they have the same background as me, or the same experience, or if they're like my experience is not great, but at least it was not as bad as hers was. You know what I mean? Like that will make them feel like, yes, I can do it.
Naseema: Yes.
Rachel Rodgers: telling a lot of stories from my own youth, some of them embarrassing and hilarious.
Others, we'll see what you think when you read it. But there's also a ton of great stories from young people of all different backgrounds who also became entrepreneurs successfully. built businesses. I tell the story of a young person that I know personally that I, she used to be my photographer.
She took all the pictures of my kids when they were born and and all of our family photos. And she, became a homeowner at 19 years
Naseema: Wow.
Rachel Rodgers: she just had a plan and she had a strategy, and she worked that plan. She got a skill. She followed the advice that I give in the book about how you approach your career.
Naseema: Mm-hmm.
Rachel Rodgers: came into a career that allowed her to, she wasn't rich by any means, but she certainly was capable of buying a home. And she did. [00:13:00] And now that's an asset that she now rents out while she travels, and she still has that same successful business many years later. So lots of different stories about different young people and what their approach was to getting financially free and using entrepreneurship and their career path as a way to make it happen.
Naseema: I love that for us because you know, the finance space traditionally has been very like male and still, as Verna was say, and Verna would say, and I just feel.
Rachel Rodgers: stale. I love it. Male, stale and pale. Yes.
Naseema: And that's why I have my platform because I feel like people need voices that they can relate to. And we're, they're not speaking to the people. And I feel like there's this pushback now from, finance professionals oh, this person is sharing all this advice and they're not even certified financial professionals, and they're not doing all this, and they're not licensed in this area.
And I'm just [00:14:00] like, Hey, guess what? If you were actually serving these audiences, then there wouldn't be a demand for this.
Rachel Rodgers: Correct. Lemme tell you what my, my investing strategy has outpaced my certified financial planner that I used to work with. Year after year, after year. And I was very scared to do it and go out on my own and stop working with them. And it was one of the best decisions I ever made. I've gotten nothing but better returns, managing it myself, learning about it, and then learning how to manage it myself.
So I think those days are over of this title is enough. It's not a title anymore. Now you gotta come with something and you have to actually connect with people, and that's critical. So I don't think people want their money advice from. who are doing it some old school way or they have some particular license or title, but they're not relatable.
Naseema: Yes.
Rachel Rodgers: also, therefore there's a lack of trust.
Naseema: Mm-hmm.
Rachel Rodgers: especially young people today, they're like, do we share the same values? If we don't, I'm not spending my money with you. You
Naseema: Right,
Rachel Rodgers: let's look at Target, right? [00:15:00] Need we say more. Okay. If it's not aligned, people ain't messing with it.
And so I think that's, people missed out on this opportunity to reach a whole group of people who we are making money. Let's be clear, black people are making money, women of color are making money. We're making more money than a lot of other segments of the population, we're deciding what to do with that money, how to invest that money. If people aren't speaking to us in a way that works for us, then we gonna go elsewhere. Okay?
Naseema: And the whole thing is, is that what people don't understand is there's a lot of people that have a vested interest in making sure that you're financially ignorant and,
Rachel Rodgers: Yes,
Naseema: and we're out here trying to tell you like, listen, no. No, like that. Get it out the mud. Oh, you don't have to leave nothing for your kids.
Let them figure it out. All of that is a vested interest in seeing, making sure that you and future generations struggle. No, that is not how it has to be. And so there was a huge opportunity for education. There's a huge opportunity to make [00:16:00] sure that values are aligned in the financial decisions that you make, that people just aren't even talking about.
And it's just like people just have a vested interest, like I said, and making sure that either you're beholden to them for that financial information or that you're just ignorant and don't have any kind of wealth at all.
Rachel Rodgers: And also think it's not available to you. And
Naseema: Yes,
Rachel Rodgers: that's why
Naseema: yes,
Rachel Rodgers: wrote both of these books,
Naseema: yes,
Rachel Rodgers: more, I have more books coming and they're all about making sure that we understand our power, right? We have.
Naseema: yes.
Rachel Rodgers: The ability to turn our skillset, our talent. Our ideas, our creativity into cash,
Naseema: Yes.
Rachel Rodgers: is the pathway that I'm trying to show people is a whole chapter about how to do that in this book as well, because I want us to see that like the talents that you are born with, the natural skills that you have, the creativity that you have, you can turn that into finances, right?
You can
Naseema: Mm-hmm.
Rachel Rodgers: into more money. And earn a lot more money. And us walking [00:17:00] around thinking that making money is hard and making money is inaccessible to us and we have to have this, this, and that before we can make money lies.
Naseema: Right,
Rachel Rodgers: true. And so this is a practical pathway to get there so that they can earn more, they can invest and separate their earnings from their labor, which we all know is the key to wealth.
Naseema: exactly. And I like to frame it like. Building wealth is about the ability to opt out of the bullshit that you don't want to do. and that's the things that I set up for my kids. My kids are going to have the ability to opt out of the things that I couldn't opt out of when I was their age when I was.
Going through college and all these kind of things, it gives you your time back. Wealth equals time equals freedom, equals true freedom. And I don't think enough people understand that. They think oh, you talk about money all the time, and that's about greed and all of that kind of stuff. No, it's not.
It's not about greed. It's about these basic [00:18:00] rights that for so long we're deprived for people that look like me, and this education and these resources are out there and readily available, but if we don't talk about them, we don't know that we can access them.
Rachel Rodgers: Yes,
Naseema: Yeah.
Rachel Rodgers: We don't know that this pathway is available to us,
Naseema: Mm-hmm.
Rachel Rodgers: is how we wind up with certain politicians in office, right? 'cause we don't have the money to write checks. To the progressive candidates that we wanna see who
Naseema: Mm-hmm.
Rachel Rodgers: our interests.
Naseema: Yep.
Rachel Rodgers: economic power is directly tied to political
Naseema: Yep.
Rachel Rodgers: which impacts every aspect of our lives as we are experiencing right now.
So us getting money is not optional, right? It is not a greedy thing. Who taught you it was greedy? The greedy men who want you to work for them for the rest of your life and give you their labor for cheap. You know what I'm saying? Know what I'm saying?
Naseema: That part.
Rachel Rodgers: Ged. I, I'll be greedy. All call me greedy all day long.
Okay. 'cause I'm gonna keep getting this money. 'cause I understand that like it's important for myself and my family, but it's also important for my people, right? As a society, as [00:19:00] a culture, as a community, right? We need resources so that we can put money behind what's important to us. So I want young people to have to know what to do from day one. Like I just think about what I've accomplished. For myself. And I started what, in my late twenties, figuring this stuff out. I
Naseema: Yeah.
Rachel Rodgers: investing till mid thirties, when I learned about this. And now young people are gonna learn about it a lot sooner Now, what is, imagine what's gonna be possible for them when they're starting so much earlier.
And so we just have to think about I, this is a generational play, right? This is for the next generation, so that they're taking these tools and then using them for years to come. As a result, we could look back and say, these are all the people that were able to build wealth, build great companies for great, for people to work at, to be paid well.
There's so much that's possible. That is huge. It goes beyond just, being able to pay your bills. Like I need us to dream bigger. Okay. Like my dream is not cover my bills. Okay. And I need it to not be y'all's neither. Can we dream a little bigger than that? Like for ourselves, for our [00:20:00] families? For our communities, right? Let us dream bigger, and then let's fight for those dreams and make them happen.
Naseema: Yeah. And we are taught to dream so small, like our parents' goals for us was to go to college for our generation. I know go to college, get a good job, stay at that good job with a good pension and all that stuff and retire. And I didn't know that there was a world outside of this.
Like I get approached by people in, FinTech spaces that are start, that are like. Having startups and like they're building these companies from scratch in their twenties and their realm of possibility is so much bigger. And I wonder like, how come we are not taught like that? Like I'm like, how can they think it's okay to just do this thing?
And I'm still like thinking small. I'm still thinking oh, maybe I'll be a CEO of the ho, A CNO of a hospital. Like that's like big. No, that's not and I just, wanna emphasize the importance of. Changing your circle of influence and how much that really opens up your world.
And [00:21:00] I feel like when people read books like that it makes you question who are you surrounding yourself with? What kind of conversations are you having? And I think that's a valuable lesson to learn as a child. Like you may not have grown up with this ideal of like how to really dream big, but somebody else was taught that.
Rachel Rodgers: Yes.
Naseema: and, what can you learn from that? Yeah.
Rachel Rodgers: why I think book books are so critical.
Naseema: Mm-hmm.
Rachel Rodgers: all of our short form content that we put out into the
Naseema: Yes.
Rachel Rodgers: and I think it's valuable. I love YouTube videos, even podcast episodes, right? But there's nothing like a well-researched book, a
Naseema: Yes.
Rachel Rodgers: form piece of content that took someone a year to put together.
Because it's really just thoughtfully created and all of the stories and all of the examples, like you get to go deep
Naseema: Mm-hmm.
Rachel Rodgers: rather than hitting the surface. And also you get to go deep on a topic and learn from people who are outside of your community or who are outside of your network or reach, right?
So if you can't sit down and have a conversation with someone as a potential mentor, but they wrote a book, guess what? [00:22:00] Now they're your mentor. 'cause you get to read their thoughts,
Naseema: Yes, yes.
Rachel Rodgers: Their advice. And so I think books are really a powerful way to accelerate. And I, for sure, for me, I was not surrounded by wealth.
I grew up in struggle, right? Like my family was on food stamps and struggled to keep the rent on and keep the light, keep the rent paid and keep the lights on. So that's why money was so important to me as a young person. And I was like, oh, I see that. If you don't have money, you gonna be struggling
Naseema: Yeah.
Rachel Rodgers: be a lot of stress in your household.
Stress that caused health issues and all kinds of things. So it, you know what people say money's not that important to me. I'm just like, you are lying. Okay? You are either lying or you ain't never been broke,
Naseema: You ain't me Somebody.
Rachel Rodgers: right. Because you must not have ever experienced financial struggle. If you
Naseema: Yeah.
Rachel Rodgers: If you're saying that and you believe what you're saying. You must never have been broke because if you're ever been broke, you understand exactly how important money is just to your overall wellbeing. and also about your point about community. It's so true. I have a whole chapter in here [00:23:00] about your squad and who
Naseema: Mm-hmm.
Rachel Rodgers: time
Naseema: Mm-hmm.
Rachel Rodgers: is critical.
And I can look back and say on my entrepreneurial journey, the people that I was in community with, they became my clients. They referred me onto stages. There was so much opportunity, they were critical to my journey. Those
Naseema: Yep.
Rachel Rodgers: Also, they were just a positive. Like when something bad happened, they gave me advice they were a shoulder to cry on, and they were also the people that kept me going and prevented me from quitting.
Naseema: Mm-hmm.
Rachel Rodgers: like that, your squad is everything. Get you some new friends. Y'all upgrade your community, okay? If you don't already have a great community.
Naseema: Yeah, your squad also extends outside. Like it's not just the people that you hang out with, it's the, in the messages that you take in. I always tell people to read, to curate your social media, to only to include people that you aspire to be like and not on some trying to be like Instagram wealthy, but just like people that you can actually learn something from, and.
Shape your reality around, [00:24:00] because then that's gonna change your perception of what's possible for you. So I love that. But for you, like within all that you know and all that you've experienced, and you've been doing this entrepreneurial thing for a long time, like what messages would you have for your 16-year-old self?
Rachel Rodgers: Yes my message would be trust your ideas. They are valuable, they are worth millions.
Naseema: Mm-hmm.
Rachel Rodgers: first thing that I would want my younger self to know because I think we don't trust ourselves. We want to get everybody else's advice. And when you are creating something new and you see a door, you see a pathway, you see an opportunity that others don't see, and then they're like, Hmm, I don't know if you should do that. Of course they don't see it, right? Like they, they, you're,
Naseema: I have no idea.
Rachel Rodgers: right?
Naseema: Yeah.
Rachel Rodgers: something new and they don't get it. That's fine. Let them not get it. You have to trust your own ideas and your own pathway and not expect everybody else to get it. So I think that's number one.
Trust your own decision making too. 'cause when I look back, when I've [00:25:00] hired expensive consultants to come into my business and give me advice at different stages as I've scaled. I've just been like, every time I'm like I didn't need to spend that money.
Naseema: Yeah, you already knew that.
Rachel Rodgers: You know what I'm saying?
Exactly. I already knew that. Or they did it poorly, and it's
Naseema: Yeah.
Rachel Rodgers: I've learned to trust my own voice
Naseema: Yeah. Mm-hmm.
Rachel Rodgers: also I know my audience. I am my audience. And I've studied my audience. I have all the empathy in the world for my audience and what they're dealing with because I've been there.
And so no one is better situated for, to make decisions about how we're gonna grow this company than me. And I'm fully aware of that. I'm fully confident in that. But there was a time where I wasn't, I. So I think I had to learn that over time by just trying to listen to other people and realizing they didn't know nothing. You know what I'm saying?
I won't say that, like I definitely have super valuable, amazing business coaches along the way, but at the end of the day, this is your business. You gotta make the decisions for yourself, or it's your
Naseema: Yeah.
Rachel Rodgers: career, whatever it is. So trust your gut and trust your own instincts. that's [00:26:00] one thing for sure. And then the other thing that I would want my 16-year-old self to know, and I feel like people sometimes get mad at me when I say this, but making money is easy. There is a plethora of money.
Naseema: Yes. Yes,
Rachel Rodgers: I. There are people selling all kinds of nonsense all over the internet and making tens of millions of dollars selling
Naseema: exactly.
Rachel Rodgers: things.
Naseema: Mm-hmm.
Rachel Rodgers: Making money is actually not hard. It is very accessible. You are very capable of it. Money is readily available to you, and it's just about, okay, what do I need to do to go get it? Exactly, exactly. I think a lot of people that get mad at you just have a lot of resistance against that and they can't see that for themselves. And so Yeah, I understand that. But there there is.
But we are trained
Naseema: Yes. Yes,
Rachel Rodgers: money is hard
because then we're gonna keep our jobs and we're gonna say, no, we need to have stability and security, and, you know what I mean? We're gonna continue to play small and not opportunity, not not take advantage of opportunities that are available to us. Not capitalize on our [00:27:00] ideas. And that it plays into what society wants was just for us to work at these stupid corporate jobs that are not getting us where we want to be and we know it, right? Yeah. So making money is actually very easy and I would challenge people if that triggers you. that bothers you, then you have to ask yourself, why is that? Why does this bother me?
And write
Naseema: Mm-hmm.
Rachel Rodgers: those reasons, like really explore that within yourself so you can find where that scarcity lives in you
Naseema: Mm-hmm.
Rachel Rodgers: can start shifting those thoughts,
Naseema: Mm-hmm.
Rachel Rodgers: yourself to believe and know that making money is easy.
'cause when you believe that, you're like, okay, whatever problem, I can solve it. If it's a financial problem, I can solve it.
Naseema: Yep.
Rachel Rodgers: we need? Okay, let me come up with a new idea
Naseema: Mm-hmm.
Rachel Rodgers: put that out there and let me go get this money and
Naseema: Yep. Yep. Yep.
Rachel Rodgers: all problems can be solved with money, but ones that can, you can make the money to solve it, period.
And I, that's why too, a lot of this book is focused on earning more because I want to have that conversation because, a lot of times people are like, okay, here's what to do with your 401k. Here's how to put your money in the ira, right? Like, all of these details, [00:28:00] it's okay. I have a question. What if you have no money? know, like what do you do then? What do you do if you have just enough to pay rent
Naseema: Mm-hmm.
Rachel Rodgers: I remember, being in my early twenties, I was probably like 22 living on my own for the first time. And one month I would be paying my ConEd bill. call the cable bill and be like, Hey, can I get 30 days right? And then the next month I'd pay the cable bill, then I'd call Continental and be like, Hey, can I get 30 days? And I was constantly hustling Robert Peter to pay Paul because I did not earn enough in my job
Naseema: Yeah.
Rachel Rodgers: pay for my life.
Basic life, I did not have enough money to pay for it. And so learning how to earn more, you absolutely, if you're listening to this, you have earning potential. You have
Naseema: Mm-hmm.
Rachel Rodgers: that you can use. You have experiences you can use. You have talent, you have creativity you can use to make more money right now as you are today, right?
Naseema: Mm-hmm.
Rachel Rodgers: 16 years old. So you have the ability to earn more. And so I wanna teach people how they can use those skills to create offers to earn more, start a side hustle. [00:29:00] I literally have a hundred ways for young adults to make money in the back of the book. Like just to get the wheels turning and see there's so many options that are available to you.
I was actually just talking to a couple of young people in my family this weekend about this new website that is all about you could play video games and get paid to play video games. And
Naseema: Yeah.
Rachel Rodgers: oh, we're all over it. So they all signed up and it's like you literally make $36 an hour.
Naseema: Wow.
Rachel Rodgers: playing new video games and finding the glitches and stuff like that. And it's
Naseema: Wow.
Rachel Rodgers: video games, so there is no reason there are so many hustles available today. Like there is
Naseema: Mm-hmm.
Rachel Rodgers: why you shouldn't earn more money if you want to.
Naseema: Yes, a hundred percent. And I love that. And I love that you have those resources in the back of the book. And so I know you mentioned earlier that you have some bonuses, if you buy two books, but how do we get the book? How do we get these bonuses? How do we get these incentives that you're offering?
Rachel Rodgers: yes. So it's all@futuremillionairebook.com. So if you go [00:30:00] to future millionaire book.com. Y'all get all the details. So if you buy two physical hard copies of the book, so I know y'all love the audio book. I know y'all love the Kindle, but I need y'all to buy the physical copy, okay? And you're gonna wanna, 'cause there's
Naseema: Yes.
Rachel Rodgers: charts and checklists and stuff in there that you're gonna want. So if you buy two physical copies of the book, all you gotta do is go to future millionaire book.com, upload the receipt, and then you get two tickets to Money Camp, which is a five day course that I'm teaching May 12th through the 16th. So that is our pre-order bonus, and if you choose to do a bulk order of a hundred copies, so we have a lot of people who are buying a hundred copies of the book for young people.
So we've partnered with different high schools and different colleges, and so some of my entrepreneur friends that, maybe have a little extra cash, they're using that to buy a hundred copies of the book. And donating those books to high schools in need because a lot of these schools have had their budget slash and there's no place that we need personal finance taught more than in, colleges and high
schools.
Um, so you have that option as well. You could buy a hundred books and if you do [00:31:00] that, you get invited to a networking dinner with me in New York City on May 24th. So it'll be
Naseema: nice.
Rachel Rodgers: for business.
Naseema: I love that. And I also love like pushing for people to advocate for it to be in the public libraries too. Yeah. So there's a way on most library sites to go in and put in the, I'm gonna say the number wrong, IBS in number whatever it is,
Rachel Rodgers: Yes.
Naseema: then request for it. Yeah. See.
Rachel Rodgers: ISBN. Yes. Listen, I just looked at the back of the book. That's the only reason I know. I just went and looked. It's not like I remember.
Naseema: Okay. But I love that. So everybody go to future millionaires.com, get a copy of the book, get two copies of the book at least, or a hundred
Rachel Rodgers: Yes. And get a copy for you and a young person in your life. And then both of y'all come to Money Camp,
Naseema: yes.
Rachel Rodgers: So we can have these conversations and I'll answer questions. I'm gonna be teaching [00:32:00] lessons from the book live and then doing Q and a with everybody. So this should be fun. I'm looking forward to it.
Naseema: Yes. So in conclusion, if there's one thing that you want people to walk away learning from and reading the book, what would it be?
Rachel Rodgers: I want them to know the get money formula. So the get
Naseema: Hmm.
Rachel Rodgers: formula that I lay out in the book is teaching people a new way, like how to go from having a job to having a side hustle to becoming an investor and building real wealth so that pathway. Is the new pathway that is replacing the go to college, get a job, buy a house.
I want them to see this other pathway that is 100% available to them. It doesn't require going to get a college degree. Of course you can if you want to, but you don't have to. And and it's available to everybody, whether you're, 80 or 18. You can do this. So that's what I want people to know and to know that building wealth requires risk.
Naseema: Yeah.
Rachel Rodgers: risking your $20 that you're gonna spend on this book, right? That could be the first risk that you take, or even the 30 [00:33:00] minutes that you might've spent listening to this podcast. That's okay, I could spend 30 minutes listening to anything. I'm gonna listen to this.
Naseema: Yep.
Rachel Rodgers: risk, right?
Learn how to take risks because wealth is built based on risk. There's gonna be a certain amount of risk required in order to become wealthy, always. Of course, you wanna be strategic about it. You wanna be smart about it. Taking risks is part of it. It's not just hard work. We know hardworking people everywhere, all over the world are not wealthy, so it ain't that.
It's some hard work is good, but you gotta add some risk to that and that's what's gonna help you to build wealth.
Naseema: I love that. I love that. Thank you so much, Rachel. This has been incredible. I really appreciate your time. I'm gonna get a couple of copies or more of this book. Definitely something I wanna share with my community. I appreciate you writing it. We need this, especially right now. So this is a must read again on my list.
Yes
Rachel Rodgers: thank you so much for having me. I appreciate you.
Naseema: of course.
Hey there I’m Naseema
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