Teaching Millionaires is a podcast about personal finance, money management, saving and investing for retirement, and the journey to becoming financially independent.
Hosted by Rich Smith, the show serves a community of lifelong learners helping them to understand how to become successful with their money.
Why I Shut Down My Channel (The Story I’ve Never Told You)
👉 Join the waitlist for my book The Encouragement Economy: https://pages.teachingmillionaires.com/book
👉 Connect in our private Facebook group: https://teachingmillionaires.com/fbgroup
Why I Shut Down My Channel (The Story I’ve Never Told You) — After building a growing YouTube channel, a thriving business, and reaching net worth millionaire status, I shut it ALL down overnight. No more videos. No more income. No more teaching. This is the real story I’ve never fully shared — until now.
In this video, I open up about:
✅ Why I walked away from teaching, YouTube, and my business at the peak of success
✅ How burnout, trauma, and mental health struggles forced me to stop
✅ What I learned by hitting rock bottom — and how it changed my mission
✅ What’s next: The Encouragement Economy book, a stronger community, and Season 2 of Teaching Millionaires
If you’re searching for burnout recovery, mental health for entrepreneurs, or how to rebuild your life and business after a breaking point — this story is for you.
🔗 Join my book waitlist → https://pages.teachingmillionaires.com/book
🔗 Join our private Facebook group → https://teachingmillionaires.com/fbgroup
📌 Timestamps
0:00 Intro — Why I Shut Everything Down
0:40 The First YouTube Video & Early Wins
2:00 From Teacher to LLC & Millionaire
4:00 The Trauma That Broke Me
5:15 Shutting It All Down to Survive
6:20 How I Started Over
7:00 The Encouragement Economy (New Book)
7:57 Rebuilding Community & Season 2
8:55 A Message If You’re Waiting to Start
#TeachingMillionaires #RichSmith #BurnoutRecovery #MentalHealth #EncouragementEconomy #WhyIShutDownMyChannel
⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
📘 Facebook: https://teachingmillionaires.com/fbgroup
🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast
🎧 Spotify - https://teachingmillionaires.com/spotify-podcast
👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.
📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.
1 Jul 2025
I Made $6.77. It Changed Everything
I made $6.77 from YouTube. That tiny amount changed everything - my career, my family's future, my entire life trajectory. This is the real story of how a full-time teacher recording videos in his kitchen built something that transformed everything.
From staying up until midnight editing while teaching full-time to helping thousands of families build wealth - this journey taught me that showing up consistently beats being perfect. Sometimes you just need to start, even when you're not ready.
📚 The Encouragement Economy book waitlist: https://pages.teachingmillionaires.com/book
👉 Join our private Facebook community: https://teachingmillionaires.com/fbgroup
⏱️ CHAPTERS:
00:00 - From Comfortable Teacher to Restless Creator
01:28 - "Who's Going to Learn from a Teacher in His Kitchen?"
02:28 - The 52-Video Commitment & Friend Adam's Support
03:29 - My First $6.77 During COVID Chaos
04:32 - Real Viewer Success Stories Transform Lives
05:53 - What YouTube Taught Me That Teaching Didn't
07:26 - More Success Stories: Teachers & Ranchers
08:29 - The Encouragement Economy Book Announcement
#EncouragementEconomy #EntrepreneurStory #FinancialEducation
⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
📘 Facebook: https://teachingmillionaires.com/fbgroup
🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast
🎧 Spotify - https://teachingmillionaires.com/spotify-podcast
👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.
📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.
27 Jun 2025
How My Side Hustle Made Me $1,000,000 (Tax Strategy)
How my side hustle hit $1,000,000 with ONE tax strategy I almost missed. This isn't about get-rich-quick schemes – it's about the boring, profitable move that changes everything.
The moment I realized I was leaving $30,000+ on the table every year as a former teacher turned YouTuber. Here's the exact S-Corp election strategy that shifted my entire financial future.
👉 Join our private Facebook community: https://teachingmillionaires.com/fbgroup
💰 Free Tax Playbook: https://pages.teachingmillionaires.com/tax-guide
⏱️ CHAPTERS:
00:00 The Million Dollar Realization
01:11 Meeting with My Accountant
02:14 The Fear That Held Me Back
03:16 My Son's Disney World Question
04:13 The $30,000 Wake-Up Call
05:38 Making the S-Corp Election
06:35 Crossing the Million Dollar Mark
07:54 Your Sign to Get Serious
#SCorpElection #SideHustle #MillionaireStory
⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
📘 Facebook: https://teachingmillionaires.com/fbgroup
🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast
🎧 Spotify - https://teachingmillionaires.com/spotify-podcast
👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.
📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
YouTube views
2,140,136
Score snapshot 15 Sept 2025
Apple Podcasts (US)
5.0 / 5
4 ratings
Podcast Authority Score: 55 / 100
A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.
Quality
60
Social presence
0
YouTube
93
Engagement
32
Contact Teaching Millionaires
Guest appearances
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