Episode 144 - Shaping the Future of Finance with Rhett Roberts

In this episode, I chat with Rhett Roberts - CEO & Co-founder of LoanPro. Prepare to unravel the enigma of blockchain technology with Rhett as he demystifies its role in ownership custody and how this groundbreaking tech challenges traditional concepts like sales tax on luxury items. But that's not all—we'll also dive into his skepticism about government intervention in cryptocurrency despite its potential to revolutionize industries. Join us in a heartfelt discussion on nurturing curiosity and resilience in children through self-directed learning and the trials of unpredictability. Hear firsthand from Rhett about the intersection of experiential learning and formal education, and their combined effect on tomorrow's job market, affected by AI and technological advancements. Beyond these cerebral topics, Rhett gets personal as we touch on how he juggles his multifaceted roles as a business leader, family man, and philanthropist. We chat about swimming as Rhett’s reflective pastime, and close with his philosophical musings on approaching life's challenges with the ideal outcome in mind. Time Stamps: 00:00 Entrepreneurial kid recycles shells, builds successful business. 06:16 Scholarship criteria: curiosity key to changing world. 07:12 Curious upbringing, encouraged to pursue and discover. 13:41 Encourages education for fintech due to AI impact. 16:10 Early company start, education increases earning potential. 20:13 Software provides operating system to various lenders. 24:06 Stocks tax-free, shoes taxable; laws outdated. Luxury items tokenized for ownership transfer. 25:21 Avoid sales tax loophole through financial transactions. 31:28 Practical compliance involves various shapes, not just circles. 35:05 Personalization enables customized financial instrument for clients. 36:50 Straight line amortized loan for investor preference. 41:36 Reflect on problems, study, notepad, subconscious support. 43:41 Book by D. Hawk inspires design mindset change. About Rhett: Rhett Roberts is the CEO & co-founder of LoanPro, a modern credit platform. LoanPro manages more than $15B in loans, and processes over $500M per month. LoanPro has been the primary professional passion of his life. He enjoys product development, technology, and solving complex problems. As a serial entrepreneur with a Bachelor’s of Science in Investment Finance, he has a comprehensive understanding of both FinTech and lenders’ needs. Rhett serves as a board member of the FinTech Committee at the University of Utah, is an avid swimmer, 3-time participant in the "Escape from Alcatraz" race, Junior Olympian, and sprint-distance triathlete. Connect with Rhett on LinkedIn: https://www.linkedin.com/in/rhett-roberts-7b83b7150/ Company website: https://www.loanpro.io/ Follow Elena: LinkedIn: https://www.linkedin.com/in/elenaagaragimova/ Instagram: https://www.instagram.com/elenaagaragimova/ Listen on: Apple: https://podcasts.apple.com/us/podcast/shift-with-elena-agar/id1530850914 Spotify: https://open.spotify.com/show/5UKh6dWcuQwJlmAOqD8wij

--- Support this podcast: https://podcasters.spotify.com/pod/show/elenaagar/support