060- How 22-Year-Old Cody Berman is Making His Way Towards Financial Independence

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 29 August 2018

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

As parents, the financial example that we set for our children can have a profound impact on their financial future into adulthood. Cody is the personal finance blogger behind Fly to FI and he is going against the grain and making his way towards Financial Independence as a young adult. Growing up, Cody’s parents taught him to live a lifestyle of frugality and to value saving which gave him a great head start for the future.

As a high school student, Cody quickly grew to understand the value of education. He became one of the top students in his High School graduating class and he even earned college credits. He then went on to college and he pursued a degree in finance. Upon discovering The 4-Hour Workweek by Tim Ferris, Cody’s dreams to spend his life working a fast-paced finance career that would require working long hours began to change. Today, Cody is the proud owner of a disc golf company and he shares all of his financial beliefs and ideas on his blog, Fly to FI. As a young entrepreneur and blogger, Cody has made it his mission is to improve financial literacy and change the world for the better.

In this episode we discuss:

The things that Cody’s parents did to give him a head start
What Cody did in high school to put himself ahead in your college classes and not needing college loans.
Cody’s full-time work and current side hustles
His current saving/investing strategy
Using side hustles and real estate as a means to fund your lifestyle and work your way to your FI goal.
Why Cody made that decision to forgo working vs leaving early and hustling in the near term
What gave him this confidence and know how to even attempt achieving FI
Cody’s advice for parents who want to instill these lessons for their kids

At the end of the podcast, I also talk about the waitlist to the soft launch of my monthly membership program. Get monthly tips, tools, and classes to help you launch to Financial Freedom. Click here to sign up and be the first to be notified when the doors open in Summer/Fall 2018.

Other related blog posts/links mentioned in this episode:

Scholarships-Scholly.com
Scholarships-Scholarships.com
Cody's golf company
Check out Cody's podcast Fire Below Zero
Join The Weekly Newsletter List
Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
Watch me on News12 Watch my latest segments on News12
My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals
YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link.

Connect with Cody:

Connect with me:

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to episode 60 of the Journey to Launch Podcast,
0:05.0	how 22-year-old Cody Berman is making his way to financial independence.
0:11.0	T-min minus 10 seconds. International Independence. walks her talk. She helps brave journeyers like you, get out of debt, save, invest, and build real well.
0:28.0	Join her on the journey to launch to financial freedom in...
0:31.0	Five, four, three, three, two... to financial freedom in five four three two one
0:37.0	Hey hey hey journeys welcome back to another episode of the Journey to Launch
0:45.6	Podcast. I'm talking to Cody Berman today from Fly to FI.com. It's a blog and Cody reached out to me.
0:55.9	He had a really nice little pitch and email.
0:59.4	I didn't know of him before,
1:01.1	but I apparently had made an impact on him because he said he listened to the show,
1:08.5	he's heard my interviews on other shows, and he's a part of the FI movement, a part of the community.
1:15.9	And I was impressed by Cody because he's only 22 years old.
1:20.3	Yes, you heard that right.
1:21.5	Cody is 22 years old and is on the path to financial independence already.
1:28.0	So I was really intrigued. I looked up his stuff. I was like, you know what, I have to have him on because I want him to share with us his journey while for
1:37.3	the spectrum of the journey and his life in terms of how old he is, he's young, right?
1:43.3	He's younger than I was, I didn't even know about financial independence at 22.
1:48.6	I had no clue.
1:49.8	So I wanted to know just how he came upon this movement, what he's learned so far on the way.
1:58.2	What can he teach us at his age from his fresh perspective? and as a mom myself with kids I'm always just impressed and
2:09.1	intrigued by young people who I feel like are being smart and successful in their lives and with their finances
2:17.2	because I'd love for my children to be able to carry the torch, do better than I've done, start earlier with their journey to financial freedom.
	...

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