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Podcast Appearances
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.
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.
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.
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.
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.
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.
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
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
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.
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. 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.
Maybe you'll learn about a new business opportunity or maybe you'll learn about something in your soul that is important. 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. In the future, if you want to start a business in your 20s, you can use this gold and silver to start a business.
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. In the future, if you want to start a business in your 20s, you can use this gold and silver to start a business.
If you need it at some point in your life to help with your family, these assets, these gold and silver, these coins, these small pieces of gold and silver will be worth thousands and thousands of dollars. I showed my son a kilo gold bar that I acquired many years ago, maybe five years ago. And when I bought it, it was worth $60,000. It was a kilo of gold. Today it's worth over $80,000.
If you need it at some point in your life to help with your family, these assets, these gold and silver, these coins, these small pieces of gold and silver will be worth thousands and thousands of dollars. I showed my son a kilo gold bar that I acquired many years ago, maybe five years ago. And when I bought it, it was worth $60,000. It was a kilo of gold. Today it's worth over $80,000.
and his mind seeing that the idea that it went up twenty thousand dollars over the last five years and i said with this eighty thousand dollars i could pay right now for two years of your college depending on where you go and he really was able to internalize that that this asset
and his mind seeing that the idea that it went up twenty thousand dollars over the last five years and i said with this eighty thousand dollars i could pay right now for two years of your college depending on where you go and he really was able to internalize that that this asset
Yellow metal could pay for him to go to college potentially for two years right now, or it could help him start a business or anything. This is the education that I am trying to impart on my children, our employees, and also to clients and people out there. And I can't even tell you how many times...
Yellow metal could pay for him to go to college potentially for two years right now, or it could help him start a business or anything. This is the education that I am trying to impart on my children, our employees, and also to clients and people out there. And I can't even tell you how many times...