CNLP 478: Bob Lotich on Creating a Profitable Online Platform on a Crowded Internet, Finding Financial Freedom and Some Fresh Metrics for Finance

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SeedTime founder, Bob Lotich, had a life-changing moment at age 20 where he found himself completely out of money with a broken down vehicle in the middle of the road. Out of that, he created a profitable online business on how to handle money as he learned a new approach to money himself.

He talks about how he built his company, finding an audience in the already-crowded personal finance space on the internet, and why John Wesley’s mantra to, “Earn all you can, save all you can and give all you can,” is still a solid one today.

Welcome to Episode 478 of the podcast. Listen and access the show notes below or search for the Carey Nieuwhof Leadership Podcast on Apple Podcasts or wherever you get your podcasts and listen for free.

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Conversation Links

Bob’s ‘Net Given’ Spreadsheet and Template

Bob’s Favorite Credit Card Recommendations

Simple Money, Rich Life by Bob Lotich

SeedTime Money Podcast

Ramit Sethi

Personal Capital


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Insights From Bob

1. We need to become more comfortable talking about money

Bob Lotich is the author of Simple Money, Rich Life and founder of SeedTime, an online community dedicated to wise money practices. According to Bob, one of our biggest issues with money comes down to the fact that we’re not educated about money or encouraged to talk about money. Money management is not a curriculum focus in any public schools, and we still carry a cultural stigma around openly discussing finances.

2. A person’s wealth is more than their net worth

When we think about wealth, we tend to think of net worth, or how much money or liquid assets you have at your disposal. But based on the “modern English” translation of a famous Welsey quote – “Make More, Save More, Give More” – there are different ways of calculating your “worth” that go beyond how much money you have in the bank.

For example, Bob recommends tracking your “net given,” or the amount of money you tip, donate and tithe and encourages people to celebrate “giving” milestones as much as they would celebrate saving milestones.

3. Understand that money is a tool, not the end goal

At the end of the podcast, Bob shares his final piece of financial advice: Never view making more money as the end goal. Money is a tool, not a goal. If you view money as the purpose of the pursuit, you’ll end with a warped view of yourself and your finances. The secret to wise money management is viewing money as a resource to help you accomplish your mission on Earth.

Quotes from Episode 478

Make all you can, save all you can, give all you can, and enjoy it all. @seedtime Click To Tweet Everything I have, everything I've been entrusted with, is for me to manage for Him. @seedtime Click To Tweet I am a steward of what God has put in my hand to manage. @seedtime Click To Tweet As a believer, I should be measuring the financial success not by what I accumulate, but by what I give. @seedtime Click To Tweet

Read or Download the Transcript for Episode 478

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Read or download a free PDF transcript of this episode here.

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Next Episode: Philip Yancey

Philip Yancey grew up in a church culture he describes as white, racist, paranoid fundamentalism. After deconstructing his faith in his late teens, Philip describes how he came back to faith, or found authentic Christianity, and why he loves talking to exvangelicalism. He also talks about how writing has changed, and how to write about your family pain while your family is still living. Philip describes how he came back to faith, or found authentic Christianity, and why he loves talking to exvangelicalism. He also talks about how writing has changed, and how to write about your family pain while your family is still living.

Subscribe for free now so you won’t miss Episode 479.

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Carey Nieuwhof
Carey Nieuwhof

Carey Nieuwhof is a best-selling leadership author, speaker, podcaster, former attorney, and church planter. He hosts one of today’s most influential leadership podcasts, and his online content is accessed by leaders over 1.5 million times a month. He speaks to leaders around the world about leadership, change, and personal growth.