S3E8 - Rob Cook - 7 myths of the financial industry

Passive income, life insurance, and diversification. We cover all these topics and more as we discuss 7 myths of finance and investing. My next guest is a certified financial planner who left his job as an advisor to start a tech company that serves the financial industry. This episode flips some of our thoughts on finance, on its head. Please welcome Rob Cook. Key Timecodes (00:41) - Show intro and background history (02:23) - Deeper into his background history and fintech business model (04:22) - Understanding his SaaS model (05:7) - How much did he charge in this SaaS business (06:51) - Understanding the features and benefits of that model (09:25) - How about the scalability of that business? (11:09) - Does the platform have a trial period? (12:07) - What are the money myths within that industry? (23:01) - Why life insurance isn't investing (29:47) - Why it's hard to find those who have achieved financial independence (31:35) - A message from the guest (42:20) - The worst advice he ever received (44:40) - The best advice he ever received (49:30) - Guest contacts Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.