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Collin Plume

๐Ÿ‘ค Speaker
756 total appearances

Appearances Over Time

Podcast Appearances

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

He had some very interesting questions about... how it works and why. And I didn't get into the specifics of what the dollar amount is because it's not important. I want him to understand at an early age, he's eight years old, the twins are going to be six. I want them to understand the cost of things. And we talk to them every day about it.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

He had some very interesting questions about... how it works and why. And I didn't get into the specifics of what the dollar amount is because it's not important. I want him to understand at an early age, he's eight years old, the twins are going to be six. I want them to understand the cost of things. And we talk to them every day about it.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

Whether we give them a toy and when the toy breaks, we've had some very... serious conversations about them being reckless with money and i think that the mistake people make is they think that kids today don't know or they don't understand and they do know and they do see the way that you're treating money and if you go to disneyland

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

Whether we give them a toy and when the toy breaks, we've had some very... serious conversations about them being reckless with money and i think that the mistake people make is they think that kids today don't know or they don't understand and they do know and they do see the way that you're treating money and if you go to disneyland

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

and you are buying them everything at disneyland and you're being frivolous and i'm just using disneyland as an example because it's such an overpriced place and it's such a capitalistic suck the average two or three days at disneyland you can spend two three thousand dollars in a second and i want them to understand that these things come from

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

and you are buying them everything at disneyland and you're being frivolous and i'm just using disneyland as an example because it's such an overpriced place and it's such a capitalistic suck the average two or three days at disneyland you can spend two three thousand dollars in a second and i want them to understand that these things come from

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

the idea that you have to understand what things cost and you have to be careful and it's important for me to do that and i do it with my employees to a certain extent too We have a Slack channel and I put ideas in there for them of ways that they can cut costs or save money.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

the idea that you have to understand what things cost and you have to be careful and it's important for me to do that and i do it with my employees to a certain extent too We have a Slack channel and I put ideas in there for them of ways that they can cut costs or save money.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And I understand that they need help also understanding these things because the system that we've created in the US, this capitalistic system is great and it has created this incredible economy. But in my opinion, in a lot of ways, we've gone too far. People that make $30,000 a year are buying a $1,000 phone. It doesn't make any sense. And a lot of times they're borrowing the money to get it.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And I understand that they need help also understanding these things because the system that we've created in the US, this capitalistic system is great and it has created this incredible economy. But in my opinion, in a lot of ways, we've gone too far. People that make $30,000 a year are buying a $1,000 phone. It doesn't make any sense. And a lot of times they're borrowing the money to get it.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And that's because they feel like they have to. In today's world, they have to have it. If you go back 30, 40 years ago, if someone was making $8,000 a year, they wouldn't buy a $400 phone or a $300 phone. The math doesn't make sense, but in today's world, We've become accustomed to buying these things that we feel we have to have.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And that's because they feel like they have to. In today's world, they have to have it. If you go back 30, 40 years ago, if someone was making $8,000 a year, they wouldn't buy a $400 phone or a $300 phone. The math doesn't make sense, but in today's world, We've become accustomed to buying these things that we feel we have to have.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And so my training for my children is that not everything is necessary, that you don't need these things. And the things that we value, the things that we do spend money on is travel and experience. I think the number one thing I can give to them is seeing how different parts of the world live and how different people live. And so that's the one thing that we're willing to spend money on.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And so my training for my children is that not everything is necessary, that you don't need these things. And the things that we value, the things that we do spend money on is travel and experience. I think the number one thing I can give to them is seeing how different parts of the world live and how different people live. And so that's the one thing that we're willing to spend money on.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

But everything else is... not necessary. And so my financial hopefully gift to them is that learning from other people in the world, focusing on education, we obviously spend a lot of money on their education and giving them all the tutoring and all the things that they need to learn. But everything else, all the other stuff is irrelevant.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

But everything else is... not necessary. And so my financial hopefully gift to them is that learning from other people in the world, focusing on education, we obviously spend a lot of money on their education and giving them all the tutoring and all the things that they need to learn. But everything else, all the other stuff is irrelevant.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And that's really, as a father, that Sharon and I, as a family, as a unit, that we really focus on is that learning and educating, these are the things that you're willing to spend money on because they will help you shape you as a person, make you a better person, educate you. Maybe you'll learn about a new business opportunity or maybe you'll learn about something in your soul that is important.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

And that's really, as a father, that Sharon and I, as a family, as a unit, that we really focus on is that learning and educating, these are the things that you're willing to spend money on because they will help you shape you as a person, make you a better person, educate you. Maybe you'll learn about a new business opportunity or maybe you'll learn about something in your soul that is important.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

But everything else, all the other stuff, is just, it's just eventually just becomes junk. And I think that as a father and as an educator of people in finance, focusing on what's important is the thing that leads to a happy life. And I think that's why I've shown them their gold and silver. And I said, these things are worth value. They're gonna be worth value. These are items, these are assets.

Chief Change Officer
#111 Collin Plume: Navigating Life Transitions with People-First Financial Planning โ€“ Part Two

But everything else, all the other stuff, is just, it's just eventually just becomes junk. And I think that as a father and as an educator of people in finance, focusing on what's important is the thing that leads to a happy life. And I think that's why I've shown them their gold and silver. And I said, these things are worth value. They're gonna be worth value. These are items, these are assets.