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On this episode, we welcomed Cody Berman, founder of Gold City Ventures, to share his journey to financial independence and the evolution of his business. Cody discovered the concept of financial independence at the age of 19 and was on a warpath to achieve it by the age of 24. A catalyst for his mindset shift was reading "The 4-Hour Work Week" by Tim Ferris, which taught him not to trade hours for dollars. Another key influence to guide his financial life was Mr. Money Mustache, who taught him the simple principles of financial independence–spend less than you make, and invest the difference!
Cody pursued various side hustles, including podcasting, blogging, freelance writing, and video editing to cover his expenses while in college. After graduation, he took a job in commercial real estate lending but eventually quit to go on a book tour and pursue his own digital products business. Cody now runs Gold City Ventures, where he teaches people how to make money on Etsy and has since expanded his business to have 13 workers.
In our conversation Cody admits he made some mistakes along the way, such as buying properties in not-so-great areas and becoming too trigger-happy with cash flow. He emphasizes the importance of grounding oneself in relationships and finding meaning beyond money. This was a down-to-earth episode that you won’t want to miss!
You can connect with our guest on Instagram @codydberman
Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine and use the code THEREALFI at signup. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to info@TheRealFI.com and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
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