The Better Than Rich Show

How a 16-Year-Old is Changing the Way We Learn About Money with Deven Wohlwend | The Better Than Rich Show Ep. 78

May 1, 2023

42:57

On this episode of The Better Than Rich Show, Deven Wohlwend shares his insights on personal success and financial literacy. He stresses the importance of taking action, being creative, and learning about money and investing from a young age. Deven offers resources such as his books, YouTube channel, and investing group for kids, and highlights the impact of personal success on others. He encourages listeners to support the podcast and a young people's group, and to strive to make every day better than the last.

Topics Covered:

00:01:27 An interview with an accomplished 16-year-old investor, author, and content creator
00:04:03 Childhood interest in real estate leads to unique investing opportunity with Legos
00:06:23 Investing in Lego sets with a hand-holding partner can be challenging: a personal experience
00:09:56 Childhood real estate investing with an LLC
00:11:30 Small hedge fund formed through loan investment on property purchase
00:13:33 Mindset for overcoming failure: learning from personal experience
00:18:26 Parents' influence on success and avoiding bad choices
00:21:12 Take action and be creative in real estate investing
00:23:52 The importance of being in the right place at the right time
00:27:06 Integrating life and goals: a free online networking group for youth to learn about business and investing
00:30:35 The importance of long-term goals and priorities over immediate gratification
00:31:15 The desire for personal success and impact on others
00:34:07 Book recommendations: "Atlas Shrugged," "The Third Book for Growth," and "The 10x Rule."
00:36:24 Author Devin Thorpe shares best practices for real estate success and discusses his family books on the topic