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Books in the Chicken Soup for the Soul series
Dusty Compton—Tuscaloosa News via AP

Jack Canfield is best known for his inspirational work as the author of multiple New York Times best-selling books, including the Chicken Soup for the Soul series and The Success Principles, now celebrating its 10th anniversary.

I recently interviewed Canfield on my daily podcast, So Money, about his biggest financial mistake, the principles that helped him bounce back, and how he ultimately went on to build a multimillion-dollar empire. Here’s what he had to say.

His Biggest Financial Failures

What He Did Wrong

What's Different Now

What He's Learned

Every day, Money contributing editor Farnoosh Torabi interviews entrepreneurs, authors, and financial luminaries about their money philosophies, successes, failures, and habits for her podcast, So Money, which is a “New and Noteworthy” podcast on iTunes.