Collin Plume
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Podcast Appearances
These are all things that you need to do before you make a financial decision and not just take that influencer's sort of word for it because they could just be paid for an ad. And I've talked to influencers about promoting us, and I've asked them if they're interested in precious metals, and they've said no. And I've said, I don't want to do business with them.
These are all things that you need to do before you make a financial decision and not just take that influencer's sort of word for it because they could just be paid for an ad. And I've talked to influencers about promoting us, and I've asked them if they're interested in precious metals, and they've said no. And I've said, I don't want to do business with them.
I only want to work with influencers that are interested in what we do, because otherwise it's just... They're just getting paid to say it and it doesn't make sense and it doesn't ring true. So it's important even for us to work with influencers that really believe and have done their research so that if they do an ad for us, that it's credible, that it's actually something that they believe in.
I only want to work with influencers that are interested in what we do, because otherwise it's just... They're just getting paid to say it and it doesn't make sense and it doesn't ring true. So it's important even for us to work with influencers that really believe and have done their research so that if they do an ad for us, that it's credible, that it's actually something that they believe in.
And I think that's the big disconnect with influencers is sometimes they will just promote a product for money and not necessarily that they believe in it.
And I think that's the big disconnect with influencers is sometimes they will just promote a product for money and not necessarily that they believe in it.
I think the most important thing, Vince, is when you're raising children is having a what my wife and I call is a united front in that we have the same. I think the most important thing as a person today, when you pick a partner, is you have to align on financial values and goals. So much of what happens to relationships is because people are not aligned on those things.
I think the most important thing, Vince, is when you're raising children is having a what my wife and I call is a united front in that we have the same. I think the most important thing as a person today, when you pick a partner, is you have to align on financial values and goals. So much of what happens to relationships is because people are not aligned on those things.
My wife and I had, and I think our values are so similar, even when we first met, is because both of our families lost the majority of our wealth and had to start over. So we both have this fear that, in us of what can happen when you're not diversified. Both of our families were not diversified. That has led us to where we are and what we have built and what we teach our children.
My wife and I had, and I think our values are so similar, even when we first met, is because both of our families lost the majority of our wealth and had to start over. So we both have this fear that, in us of what can happen when you're not diversified. Both of our families were not diversified. That has led us to where we are and what we have built and what we teach our children.
And correct, I have gold and silver set aside for each of my children Obviously the same amount because everything has to be equal. For anyone that has children, they know that this is the most important thing. I talk to them all the time about money and what things cost. And I talked to my oldest son recently about the mortgage. I explained to him what a mortgage is.
And correct, I have gold and silver set aside for each of my children Obviously the same amount because everything has to be equal. For anyone that has children, they know that this is the most important thing. I talk to them all the time about money and what things cost. And I talked to my oldest son recently about the mortgage. I explained to him what a mortgage is.
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.
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.
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.
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 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, $3,000 in a second.
And if you go to Disneyland 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, $3,000 in a second.
And I want them to understand that these things come from 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.
And I want them to understand that these things come from 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.