Ryan Lochte went from earning millions to living paycheck-to-paycheck—here's what he learned

Ryan Lochte knows what it feels like to be data-test="Pullquote">All this money was flowing through, I didn't have a family at the time and I was living carefree and buying all this random stuff. And it caught up to me.Ryan LochteAmerican swimmer

Today, thanks to help from Rodriguez, Lochte has increased his income by doing speaking engagements and teaching swim clinics, and makes sure to set aside a portion of his earnings for the future. He's also eliminated expenses he doesn't necessarily need, like his Porsche, which was costing him $835 a month.

If the 35-year-old father of two could give his younger self an earful of money advice, he'd start with: "You're not going to be alone your whole life. You're going to have a family and that costs money. Having kids costs money.

"You want to put your kids into a great school, you want to have a great house for them growing up — and all of that is going to add up, so you need to start saving your money now."