Upcoming Event!How Can Mindfulness Help You Reach Financial Independence?Do you want to reduce money anxiety, but don’t know who to trust?Would you like to learn how to set up and manage your own retirement plan?Do you want to know how we create a passive income stream you can’t outlive?If yes, join us and learn how to answer the 4 critical financial independence questions:Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcampTyler Nicholls is an entrepreneur who is passionate about helping others at scale. He taught seventh grade Math with Teach for America before getting his Masters from Boston University. Tyler is the creator of Kudosy, a digital rewards system that helps solve the problem of financial literacy in the U.S. while strengthening families. Today, Tyler joins the show to share his thoughts on having an abundance mindset, why it’s critical to develop sound financial habits early, and his passion for giving back to others.? Watch on YouTubehttps://youtu.be/1_2prh3gCy4Key Takeaways00:57 – Jonathan introduces today’s guest, Tyler Nicholls, who joins the show to talk about financial lessons he learned during his upbringing, including spending on what you value, and being intentional with money 08:29 – Having an abundance mindset 10:38 – From software products to financial literacy 11:59 – Jarring statistics on financial literacy and the vision for Kudosy 16:00 – The importance of building great financial habits early 24:15 – How the Kudosy app works 27:25 – The Lemonade Stand 31:13 – One thing that we can do to lead to greater personal and financial success and one thing to avoid doing 38:38 – The last thing Tyler changed his mind about and one place Tyler has visited that had a profound impact on him 42:16 – Jonathan thanks Tyler for joining the show and lets listeners know where to connect with himTweetable Quotes“[My mother] taught me to really respect money. Money is not necessarily hard to come by, but when you have it, you want to make sure you spend it wisely. You want to be intentional with it.” (05:24) (Tyler) “When I bought my home, I realized I liked owning real estate and I wanted to own a rental property. My head was turning like, ‘Is there something that I have that I can leverage here?’ And l realized, ‘Oh, my house has a whole bunch of equity in it and I can leverage a HELOC (Home Equity Line of Credit). And then I used that money to buy a second property so that I can rent out and have two homes that are appreciating.” (09:27) (Tyler) “I started realizing, especially with my young family, that I wanted to help kids learn how to manage money.” (10:55) (Tyler) “In the game of money, there’s not necessarily one way to win. There’s lots of different ways to play it and there’s lots of different levels of understanding. The diversity of thought in finance is actually really good and there’s lots of different strategies to win in this game.” (15:27) (Tyler) “The way that it works is Kudosy helps kids behave really well. So, as a parent, when your kids are doing things that you like that they are doing, you can give them ‘Kudos.’ Then, the kid starts accruing these ‘Kudos’ and they can decide what to do with them.” (24:45) (Tyler) “You should be investing,...