Building wealth from scratch can feel overwhelming, especially when starting with limited resources or knowledge. Magda and Jason Schappert, founders of the financial app Moola, have walked this journey themselves. From overcoming financial struggles and cultural barriers to achieving an eight-figure business exit, their story is a masterclass in resilience, innovation, and financial empowerment.
In their entrepreneurial journey, the Schapperts learned invaluable lessons about money, teamwork, and persistence. Through their latest venture, Moola, they aim to simplify financial management and help others achieve their financial goals faster using a mix of AI automation and timeless principles.
Humble Beginnings: Lessons from Life’s Challenges
Jason’s journey began in Florida, where he spent his teenage years helping his father in the pest control business. Despite living close to the poverty line and experiencing tough conditions, he found inspiration in the wealthy homes they worked in. "I built this early association that successful people read a lot—they're learners," Jason recalls, emphasizing the importance of curiosity and continuous learning.
Magda, on the other hand, grew up in Mallorca, Spain, in an entrepreneurial family. Her father always encouraged her to dream big, telling her, “This island is too small for you.” She pursued a tennis scholarship to the United States at age 20, navigating cultural and language barriers to build a new life. Reflecting on her journey, Magda shares, "It's in the moments of decision that your destiny is shaped."
Teamwork and the Power of Shared Goals
The Schapperts' partnership has been a cornerstone of their success. Their first business, focused on aviation test preparation, grew into the largest provider of FAA exam resources, helping thousands of pilots achieve their dreams. However, the journey wasn’t without challenges.
Working together as husband and wife brought unique pressures. “We struggled early on with separating work and personal life,” Jason admits. But their shared mission and mutual respect for each other’s strengths made their collaboration work. "When you have two very smart minds working together with the same mission, it goes a long way," he adds.
Financial Literacy: The Key to Freedom
One of the Schapperts’ most significant lessons came from their financial struggles. Initially unable to afford financial advisors, Jason took on the challenge of self-managing their finances, applying his analytical skills as a pilot to understand markets and investment strategies.
Magda’s realization of her limited involvement in their finances was a turning point.
"You either know how to play the game, or you will be played," she states, underscoring the importance of financial literacy.
This insight eventually inspired the creation of Moola, a tool designed to make financial management accessible and actionable for everyone.
What Makes Moola Different?
Moola combines education, automation, and simplicity to help users take control of their finances. The app offers features like digital pocket budgeting, investing advice tailored by AI, and savings automation. According to Jason, the goal is to “take the emotion out of investing decisions” and focus on long-term growth.
Magda highlights one of Moola’s unique features: the spare change savings system. “If we buy coffee for $6.95, Moola rounds up to $7 and puts the extra five cents into a savings pocket of our choice. Small seeds grow into big trees,” she explains, demonstrating how incremental efforts lead to significant results over time.
Moola also emphasizes education, providing users with practical tools to understand the financial landscape. Jason reflects, “Big banks make a ton of money off overdraft fees and ignorance. Knowledge isn’t power—it’s potential power.” By empowering users with the right tools and knowledge, Moola aims to shift the balance of financial control.
Key Takeaways for Building Wealth
Adopt a Growth Mindset: Success starts with curiosity and learning. As Jason says, “Successful people are learners.”
Teamwork Makes a Difference: Collaborating with aligned goals can accelerate success.
Prioritize Financial Literacy: Understanding money management is essential to breaking free from financial struggles.
Start Small, Think Long-Term: Incremental savings and investments compound over time.
Take Control of Your Financial Journey
The Schapperts’ story shows that wealth isn’t about where you start—it’s about the mindset, tools, and decisions you use along the way. Whether you're an aspiring entrepreneur, a seasoned business owner, or someone looking to improve your finances, the principles they’ve shared can help you take meaningful steps toward financial freedom.
Ready to start your journey? Download Moola today and explore how its smart tools and actionable insights can transform your financial future.
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