The Power of Financial Literacy: What Every Family Needs to Hear w/ Troy Millings π EP153
Episode
33 min
Read time
2 min
Topics
Productivity, Relationships, Investing
AI-Generated Summary
Key Takeaways
- βTeaching kids about money: Introduce children to investing through their interests like Roblox and Disney stock, have them physically count cash for charity envelopes, and show them mortgage payments being written to normalize large numbers early.
- βBreaking income ceilings: A teaching salary of $115,000 annually created comfort that limited growth potential. Shifting mindset from earning $100,000 per year to $100,000 per month requires recognizing entrepreneurship has no ceiling unlike traditional employment.
- βPartnership deal structure: Before any handshake agreement or partnership, seek legal counsel and experienced mentors in that specific field. Evaluate partner energy, confidence, and integrity before paperwork. Written agreements prevent years of legal battles over ownership disputes.
- βInvestment evaluation criteria: Focus on three factors when reviewing opportunities: strong tech component for scalability, future-facing industry positioning, and proven leadership with track record of previous ventures or failures that demonstrate experience and resilience in the space.
What It Covers
Troy Millings explains how Earn Your Leisure grew from teaching financial literacy in Bronx classrooms to creating InvestFest, a 25,000-person festival combining education with entertainment for underserved communities.
Key Questions Answered
- β’Teaching kids about money: Introduce children to investing through their interests like Roblox and Disney stock, have them physically count cash for charity envelopes, and show them mortgage payments being written to normalize large numbers early.
- β’Breaking income ceilings: A teaching salary of $115,000 annually created comfort that limited growth potential. Shifting mindset from earning $100,000 per year to $100,000 per month requires recognizing entrepreneurship has no ceiling unlike traditional employment.
- β’Partnership deal structure: Before any handshake agreement or partnership, seek legal counsel and experienced mentors in that specific field. Evaluate partner energy, confidence, and integrity before paperwork. Written agreements prevent years of legal battles over ownership disputes.
- β’Investment evaluation criteria: Focus on three factors when reviewing opportunities: strong tech component for scalability, future-facing industry positioning, and proven leadership with track record of previous ventures or failures that demonstrate experience and resilience in the space.
Notable Moment
An 11-year-old child received 1,000 shares of Nvidia worth over $180,000 and showed minimal excitement because regular exposure to money discussions and investment concepts made the six-figure sum feel normal rather than overwhelming or foreign.
Episode Transcript
Ladies and gentlemen, welcome to a special edition of the Money Mondays podcast where we cover three core topics. How to make money, how to invest money, how to give it away to charity. Normally, I do these podcasts inside of an RV motor home traveling around the country. But I'm in New York City. So did that. We have to toy we should still do it. So did that. We can do a second episode. We got the toy drives coming up at the American Dream Mall, Miami Heat Arena. We're doing one in Virginia with Allen Iverson. There's so much going on. So I decided, why don't I stop by where the guys from Earn Your Leisure, EYL University, InvestFest, gonna go by and visit them and knock out back to back podcast with some of the cofounders. So as you guys know, when we do these podcasts, they're under forty minutes because the average workout is forty five minutes. The average commute to work is forty five minutes. This episode will be between thirty five and thirty eight minutes for your listening pleasure. We have a 93% listen through rate, which helps us with the podcast chart rankings, and you guys help us with the podcast chart rankings by liking, commenting, subscribing, etcetera. When you listen to this episode, it's not just for you. It could be someone in your friends, family, and followers, or it could be for someone from your past, present, or future. When you hear these things, don't just learn for yourself. There might be other people that are useful to forward this podcast episode too, especially this one. This gentleman that we have today has been deeply immersed into the space of teaching, finance, stock market, live events, and all those things that are important to me. And he's done it at a grand scale. So Troy Milling, if you can, give us the quick two minute bio so we can get straight to the money. I am Troy Milling, cofounder of Earn Your Leisure, cofounder of Invest Fest, University. Anything that encompasses the world of Earn Your Leisure, I've had my fingerprint on it. Started my my career in education, was a teacher in The Bronx. And I tell you, if if you ever been a teacher in an inner city, you learn a lot of things about yourself, but you learn a lot of things about the world too. And so one of those things I learned was what wasn't being taught to our youth. And at the top of that was financial education. I had the opportunity to teach kids throughout the summer, what it meant to have money. Gave them a core principles of, sharing, saving, spending, and investing. And, kids loved it so much. You know, it was like one of these things. I taught for ten months in a school district, and then the six weeks that I had kids, it felt so much more fulfilling. β¦
Get the full transcript (7,069 words) + summary by email β free
One-time email with the complete transcript and AI summary of this episode. No account needed.
One email, no spam. Weβll also show you what SignalCast does.
You just read a 3-minute summary of a 30-minute episode.
Get The Money Mondays summarized like this every Monday β plus up to 2 more podcasts, free.
Pick Your Podcasts β FreeKeep Reading
More from The Money Mondays
Jim Kwikβs Limitless Daily to Train Your Brain & Master Your Mind π§ E172
Aug 21 Β· 43 min
The School of Greatness
Why You're Still Broke (And It Has Nothing to Do With Money) | Myron Golden
Apr 6
More from The Money Mondays
The Business of Scarcity: Nightclubs, Trading Cards and Collectible Drops π E171
Jul 22 Β· 76 min
The Mel Robbins Podcast
Your Guide to Better Sex, Romance, & Love From the #1 Sex Professor
Feb 12
Books, tools, and gear mentioned in this episode
SignalCast may earn commission on purchases via these links. As an Amazon Associate, SignalCast earns from qualifying purchases.
Products
by Earn Your Leisure
βTroy Millings explains how Earn Your Leisure grew from teaching financial literacy in Bronx classrooms to creating InvestFest, a 25,000-person festival combining education with entertainment for underserved communities.β
company
βTroy Millings explains how Earn Your Leisure grew from teaching financial literacy in Bronx classrooms to creating InvestFest, a 25,000-person festival combining education with entertainment for underserved communities.β
More from The Money Mondays
We summarize every new episode. Want them in your inbox?
Jim Kwikβs Limitless Daily to Train Your Brain & Master Your Mind π§ E172
The Business of Scarcity: Nightclubs, Trading Cards and Collectible Drops π E171
From Rocket Racing to Venture Capital: Granger Whitelaw on Building Wealth and Changing the World π¦ E170
Dave Royce on Pest Control, Private Equity, and Purpose
How Rance 1500 Turned Music, Culture & Relationships Into Wealth π€ E168
Similar Episodes
Related episodes from other podcasts
The School of Greatness
Apr 6
Why You're Still Broke (And It Has Nothing to Do With Money) | Myron Golden
The Mel Robbins Podcast
Feb 12
Your Guide to Better Sex, Romance, & Love From the #1 Sex Professor
Design Matters
Feb 9
Chris Duffy
What Bitcoin Did
Jan 30
#143 β Emmanuel Maggiori β The Economics of State Failure
Manager Tools
Oct 6
What To Do When You Get Promoted - Part 2
Explore Related Topics
This podcast is featured in Best Finance Podcasts (2026) β ranked and reviewed with AI summaries.
Read this week's Investing & Markets Podcast Insights β cross-podcast analysis updated weekly.
You're clearly into The Money Mondays.
Every Monday, we deliver AI summaries of the latest episodes from The Money Mondays and 192+ other podcasts. Free for one show.
Start My Monday DigestNo credit card Β· Unsubscribe anytime