Latest / The Iconic Midlife with Roxy Manning / Game Episode: Midlife Money Dilemmas: Worth It… or Not? with Financial Expert Hayley Dickson

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Game Episode: Midlife Money Dilemmas: Worth It… or Not? with Financial Expert Hayley Dickson · The Iconic Midlife with Roxy Manning

• 0:00
  As
• 0:00
  long
• 0:00
  as
• 0:00
  you
• 0:01
  have
• 0:01
  enough
• 0:01
  cash
• 0:02
  reserves
• 0:02
  for
• 0:02
  three,
• 0:03
  six
• 0:03
  or
• 0:03
  12
• 0:04
  months
• 0:04
  of
• 0:04
  living
• 0:05
  expenses,
• 0:06
  it
• 0:06
  is
• 0:06
  so
• 0:06
  not
• 0:06
  worth
• 0:07
  it
• 0:07
  to
• 0:07
  keep
• 0:07
  anything
• 0:08
  beyond
• 0:08
  that
• 0:09
  because
• 0:09
  you
• 0:09
  are
• 0:10
  losing
• 0:10
  purchasing
• 0:10
  power
• 0:11
  and
• 0:11
  not
• 0:11
  keeping
• 0:12
  up
• 0:12
  with
• 0:12
  inflation,
• 0:13
  then
• 0:13
  you're
• 0:13
  going
• 0:13
  to
• 0:13
  run
• 0:13
  out
• 0:13
  of
• 0:14
  money
• 0:14
  at
• 0:14
  77
• 0:15
  and
• 0:15
  that's
• 0:15
  going
• 0:15
  to
• 0:15
  really
• 0:16
  suck.
• 0:16
  That
• 0:16
  would
• 0:16
  not
• 0:17
  be
• 0:17
  fun.
• 0:17
  If
• 0:17
  you
• 0:18
  can
• 0:18
  put
• 0:18
  away
• 0:18
  20%
• 0:19
  of
• 0:19
  what
• 0:19
  you
• 0:19
  earn
• 0:19
  and
• 0:20
  you're
• 0:20
  in
• 0:20
  a
• 0:20
  place
• 0:20
  that
• 0:20
  you
• 0:21
  can
• 0:21
  earn
• 0:21
  more
• 0:21
  and
• 0:22
  save
• 0:22
  more
• 0:22
  and
• 0:22
  live
• 0:23
  more,
• 0:24
  that
• 0:24
  works.
• 0:24
  But
• 0:25
  if
• 0:25
  it
• 0:25
  puts
• 0:25
  you
• 0:25
  in
• 0:25
  a
• 0:25
  position
• 0:26
  where
• 0:26
  you
• 0:26
  have
• 0:26
  your
• 0:27
  paycheck
• 0:27
  to
• 0:27
  paycheck,
• 0:28
  that
• 0:28
  doesn't
• 0:28
  make
• 0:29
  any
• 0:29
  sense.
• 0:29
  Taking
• 0:30
  a
• 0:30
  major
• 0:30
  financial
• 0:31
  risk
• 0:31
  risk
• 0:32
  in
• 0:32
  midlife.
• 0:33
  As
• 0:33
  long
• 0:33
  as
• 0:33
  you
• 0:34
  have
• 0:34
  a
• 0:34
  phased
• 0:34
  out
• 0:35
  plan,
• 0:35
  prioritizing
• 0:36
  travel
• 0:37
  and
• 0:37
  experiences
• 0:38
  in
• 0:38
  your
• 0:38
  40s
• 0:38
  and
• 0:38
  50s
• 0:39
  instead
• 0:39
  of
• 0:39
  maximizing
• 0:41
  long
• 0:41
  term
• 0:41
  net
• 0:42
  worth.
• 0:42
  That's
• 0:43
  the
• 0:43
  myth.
• 0:43
  You
• 0:43
  do
• 0:44
  both
• 0:44
  and
• 0:44
  you
• 0:45
  can
• 0:45
  do
• 0:45
  it
• 0:45
  beautifully.
• 0:46
  This
• 0:46
  is
• 0:46
  the
• 0:46
  secret
• 0:47
  that
• 0:47
  nobody
• 0:48
  believes.
• 0:52
  All
• 0:53
  right,
• 0:53
  Haley,
• 0:53
  welcome
• 0:54
  back
• 0:54
  to
• 0:54
  the
• 0:54
  iconic
• 0:55
  midlife.
• 0:56
  Are
• 0:56
  you
• 0:56
  ready
• 0:56
  for
• 0:57
  a
• 0:57
  game?
• 0:58
  Yes.
• 1:00
  We're
• 1:00
  gonna
• 1:00
  have
• 1:01
  so
• 1:01
  much
• 1:01
  fun.
• 1:02
  We
• 1:02
  are
• 1:02
  gonna
• 1:02
  be
• 1:02
  playing
• 1:03
  a
• 1:03
  quick
• 1:04
  rapid
• 1:05
  fire
• 1:05
  game
• 1:06
  and
• 1:06
  this
• 1:07
  game
• 1:07
  is
• 1:07
  called
• 1:08
  Worth
• 1:08
  it
• 1:08
  or
• 1:09
  not
• 1:09
  Worth
• 1:09
  it.
• 1:10
  Okay,
• 1:11
  so
• 1:11
  basically
• 1:12
  these
• 1:12
  are
• 1:13
  real
• 1:13
  life
• 1:14
  financial
• 1:14
  decisions
• 1:15
  midlife
• 1:16
  women
• 1:16
  have
• 1:17
  to
• 1:17
  make
• 1:17
  sometimes.
• 1:18
  So
• 1:18
  you
• 1:19
  just
• 1:19
  let
• 1:19
  me
• 1:19
  know
• 1:20
  what
• 1:20
  you
• 1:20
  think.
• 1:21
  The
• 1:21
  first
• 1:21
  thing
• 1:21
  that
• 1:21
  comes
• 1:22
  to
• 1:22
  mind
• 1:22
  when
• 1:22
  I
• 1:23
  read
• 1:23
  these
• 1:23
  scenarios.
• 1:25
  Okay.
• 1:25
  Worth
• 1:25
  it
• 1:26
  or
• 1:26
  not
• 1:26
  worth
• 1:26
  it?
• 1:26
  Yes.
• 1:27
  Perfect.
• 1:27
  All
• 1:28
  right,
• 1:28
  number
• 1:28
  one,
• 1:29
  keeping
• 1:29
  a
• 1:29
  second
• 1:30
  home,
• 1:30
  that
• 1:31
  isn't
• 1:31
  a
• 1:31
  great
• 1:32
  investment
• 1:33
  but
• 1:33
  deeply
• 1:33
  improves
• 1:34
  your
• 1:34
  quality
• 1:35
  of
• 1:35
  life.
• 1:36
  Worth
• 1:36
  it
• 1:37
  or
• 1:37
  not
• 1:37
  worth
• 1:37
  it?
• 1:40
  Depends.
• 1:40
  But
• 1:41
  worth
• 1:41
  it.
• 1:43
  Like
• 1:44
  if
• 1:44
  it's
• 1:44
  joyful,
• 1:45
  it's
• 1:45
  not
• 1:45
  like
• 1:46
  an
• 1:46
  insane
• 1:46
  burden
• 1:47
  and
• 1:47
  just
• 1:47
  a
• 1:47
  really,
• 1:48
  really
• 1:48
  drain.
• 1:49
  And
• 1:49
  those
• 1:50
  dollars
• 1:50
  go
• 1:50
  towards
• 1:51
  like
• 1:51
  what
• 1:52
  you
• 1:52
  would
• 1:52
  spend
• 1:52
  at
• 1:52
  a
• 1:52
  hotel
• 1:53
  or
• 1:53
  what
• 1:53
  you
• 1:53
  would
• 1:53
  spend,
• 1:54
  you
• 1:54
  know,
• 1:55
  the
• 1:55
  opportunity
• 1:55
  cost,
• 1:56
  like,
• 1:56
  then
• 1:56
  yes,
• 1:57
  it's
• 1:58
  worth
• 1:58
  it.
• 1:58
  It's
• 1:58
  worth
• 1:59
  it.
• 1:59
  Staying
• 2:00
  in
• 2:00
  a
• 2:00
  high
• 2:00
  paying
• 2:01
  job
• 2:01
  you've
• 2:01
  outgrown
• 2:02
  for
• 2:02
  five
• 2:03
  more
• 2:03
  years
• 2:04
  to
• 2:04
  dramatically
• 2:05
  increase
• 2:06
  long
• 2:06
  term
• 2:06
  wealth,
• 2:07
  not
• 2:08
  worth
• 2:08
  it.
• 2:09
  Ah,
• 2:10
  okay.
• 2:11
  So
• 2:11
  joy
• 2:11
  overrides
• 2:12
  like
• 2:13
  the
• 2:13
  financial
• 2:14
  benefit
• 2:14
  in
• 2:14
  that
• 2:15
  case,
• 2:15
  like
• 2:16
  your
• 2:16
  peace
• 2:16
  of
• 2:16
  mind
• 2:16
  and
• 2:17
  your
• 2:17
  happiness.
• 2:18
  These
• 2:19
  are
• 2:19
  so
• 2:19
  hard
• 2:19
  for
• 2:20
  me
• 2:20
  because
• 2:20
  I
• 2:20
  typically
• 2:21
  do
• 2:21
  so
• 2:21
  much
• 2:22
  design
• 2:22
  and
• 2:23
  iteration
• 2:23
  and
• 2:23
  forecasting.
• 2:24
  But
• 2:24
  my,
• 2:25
  my
• 2:26
  thoughts
• 2:26
  is
• 2:27
  that
• 2:27
  this
• 2:27
  person
• 2:28
  has
• 2:29
  probably
• 2:29
  already
• 2:29
  amassed
• 2:30
  quite
• 2:30
  a
• 2:31
  bit
• 2:31
  of
• 2:31
  wealth
• 2:32
  and
• 2:32
  therefore
• 2:33
  does
• 2:34
  the
• 2:34
  additional
• 2:35
  five
• 2:35
  years
• 2:36
  in
• 2:36
  expanding
• 2:37
  that
• 2:37
  net
• 2:37
  worth.
• 2:37
  Is
• 2:38
  that
• 2:38
  suffering
• 2:38
  or
• 2:38
  everyone
• 2:39
  to
• 2:39
  call
• 2:39
  it
• 2:39
  like
• 2:40
  worth
• 2:40
  the,
• 2:40
  like
• 2:41
  the,
• 2:41
  the
• 2:42
  marginal
• 2:42
  increase
• 2:42
  in
• 2:43
  joy
• 2:43
  that
• 2:43
  person
• 2:43
  would
• 2:44
  get
• 2:45
  afterwards?
• 2:46
  Probably
• 2:46
  not.
• 2:46
  And
• 2:47
  they
• 2:47
  just
• 2:47
  don't
• 2:47
  know
• 2:47
  that.
• 2:48
  And
• 2:48
  so
• 2:48
  putting
• 2:48
  that
• 2:48
  on
• 2:48
  paper
• 2:49
  and
• 2:49
  like
• 2:49
  helping
• 2:49
  to,
• 2:50
  you
• 2:50
  know,
• 2:50
  I
• 2:51
  love
• 2:51
  to
• 2:51
  model
• 2:51
  things
• 2:51
  to
• 2:52
  like
• 2:52
  to
• 2:52
  to,
• 2:52
  to,
• 2:53
  to
• 2:53
  assist
• 2:54
  in
• 2:54
  decision
• 2:54
  making.
• 2:57
  But
• 2:57
  if
• 2:57
  this
• 2:57
  person
• 2:58
  is,
• 2:58
  you
• 2:58
  know,
• 3:00
  just
• 3:00
  gotten
• 3:00
  this
• 3:01
  job
• 3:01
  and
• 3:01
  it's
• 3:01
  three
• 3:02
  times
• 3:02
  their
• 3:02
  pay
• 3:02
  and
• 3:02
  they're
• 3:03
  kind
• 3:03
  of
• 3:03
  behind,
• 3:04
  you
• 3:04
  know,
• 3:04
  then
• 3:05
  yes,
• 3:06
  for
• 3:06
  sure.
• 3:07
  Helping
• 3:08
  launch
• 3:08
  your
• 3:09
  adult
• 3:09
  child
• 3:09
  financially
• 3:10
  if
• 3:10
  you
• 3:10
  can
• 3:10
  afford
• 3:11
  it,
• 3:11
  even
• 3:12
  if
• 3:12
  it
• 3:12
  slightly
• 3:12
  delays
• 3:13
  your
• 3:13
  own
• 3:13
  wealth
• 3:14
  acceleration.
• 3:16
  Worth
• 3:16
  it
• 3:16
  or
• 3:16
  not
• 3:17
  worth
• 3:17
  it?
• 3:18
  Worth
• 3:19
  it.
• 3:19
  If
• 3:19
  the
• 3:19
  child
• 3:19
  presents
• 3:20
  a
• 3:20
  business
• 3:20
  plan
• 3:21
  to
• 3:21
  you
• 3:21
  about
• 3:21
  what
• 3:22
  they
• 3:22
  plan
• 3:22
  to
• 3:23
  do
• 3:23
  with
• 3:23
  the
• 3:23
  money,
• 3:24
  the
• 3:24
  timeline,
• 3:25
  all
• 3:26
  of
• 3:26
  that.
• 3:27
  Not
• 3:27
  worth
• 3:27
  it
• 3:28
  if
• 3:28
  you
• 3:28
  just
• 3:29
  want
• 3:29
  to
• 3:29
  help
• 3:30
  your
• 3:30
  child
• 3:31
  because
• 3:31
  that's
• 3:32
  turns
• 3:32
  into
• 3:32
  enable,
• 3:33
  like
• 3:33
  enabling
• 3:34
  them.
• 3:34
  Right.
• 3:34
  And
• 3:35
  probably
• 3:35
  a
• 3:35
  never
• 3:36
  ending
• 3:36
  ask
• 3:37
  on
• 3:37
  their.
• 3:38
  Right.
• 3:38
  Yeah,
• 3:38
  yeah.
• 3:39
  This
• 3:39
  is
• 3:39
  the
• 3:39
  agreement.
• 3:40
  Here's
• 3:40
  the
• 3:40
  business
• 3:41
  plan.
• 3:41
  This
• 3:41
  is
• 3:41
  the
• 3:41
  agreement.
• 3:42
  And
• 3:42
  then,
• 3:43
  you
• 3:43
  know,
• 3:44
  there
• 3:44
  we
• 3:44
  go.
• 3:44
  I
• 3:45
  remember
• 3:45
  I
• 3:45
  had
• 3:45
  a
• 3:45
  friend
• 3:46
  in
• 3:46
  high
• 3:46
  school
• 3:46
  whose
• 3:47
  dad
• 3:47
  was
• 3:47
  an
• 3:47
  attorney
• 3:48
  and
• 3:48
  anytime
• 3:48
  she
• 3:49
  brought
• 3:49
  something
• 3:49
  to
• 3:49
  the
• 3:50
  table
• 3:50
  that
• 3:50
  she
• 3:50
  wanted,
• 3:51
  he
• 3:51
  literally
• 3:52
  made
• 3:52
  her
• 3:52
  sign
• 3:52
  a
• 3:52
  contract
• 3:53
  and
• 3:54
  was
• 3:54
  like.
• 3:54
  And
• 3:55
  it
• 3:55
  was
• 3:55
  like.
• 3:55
  But
• 3:55
  she
• 3:56
  learned,
• 3:56
  you
• 3:56
  know,
• 3:57
  like,
• 3:57
  okay,
• 3:57
  like
• 3:58
  I
• 3:58
  need
• 3:58
  to
• 3:58
  prioritize
• 3:59
  first
• 4:00
  of
• 4:00
  all
• 4:00
  and
• 4:00
  things
• 4:00
  are
• 4:00
  serious,
• 4:01
  you
• 4:01
  know,
• 4:02
  and
• 4:02
  she
• 4:02
  had
• 4:02
  to
• 4:02
  follow
• 4:02
  through,
• 4:03
  which
• 4:03
  I
• 4:04
  thought
• 4:04
  was
• 4:04
  really
• 4:05
  interesting.
• 4:05
  Pitch
• 4:06
  me
• 4:06
  like,
• 4:06
  I'm
• 4:06
  an
• 4:06
  investor,
• 4:07
  you
• 4:07
  know,
• 4:08
  it
• 4:08
  doesn't,
• 4:08
  you
• 4:08
  know,
• 4:08
  an
• 4:09
  investor
• 4:09
  in
• 4:09
  what
• 4:09
  this
• 4:10
  money's
• 4:10
  going
• 4:10
  to
• 4:10
  go
• 4:10
  towards
• 4:11
  both
• 4:11
  in
• 4:11
  terms
• 4:11
  of,
• 4:12
  you
• 4:12
  know,
• 4:12
  you
• 4:12
  know,
• 4:12
  just
• 4:12
  supporting
• 4:13
  you
• 4:13
  in.
• 4:14
  And
• 4:14
  with
• 4:15
  rent
• 4:15
  in
• 4:15
  a
• 4:15
  place
• 4:15
  you
• 4:16
  can't
• 4:16
  afford
• 4:16
  because
• 4:16
  you
• 4:17
  have
• 4:17
  access
• 4:17
  to,
• 4:18
  you
• 4:18
  know,
• 4:18
  internships
• 4:19
  or,
• 4:19
  or
• 4:20
  you
• 4:20
  know,
• 4:21
  positions
• 4:21
  at
• 4:21
  a
• 4:21
  certain
• 4:22
  job,
• 4:22
  it's
• 4:22
  going
• 4:22
  to
• 4:22
  turn
• 4:23
  into
• 4:23
  something
• 4:23
  else.
• 4:23
  Or
• 4:24
  even
• 4:24
  if
• 4:24
  it's
• 4:24
  just,
• 4:25
  you
• 4:25
  know,
• 4:25
  like,
• 4:26
  hey,
• 4:26
  I
• 4:26
  need
• 4:26
  a
• 4:26
  gap
• 4:26
  year
• 4:27
  and
• 4:27
  here's
• 4:27
  my
• 4:27
  business
• 4:27
  plan
• 4:28
  as
• 4:28
  to
• 4:28
  how
• 4:28
  this
• 4:28
  is
• 4:28
  going
• 4:29
  to,
• 4:29
  you
• 4:29
  know,
• 4:30
  support
• 4:30
  me
• 4:30
  emotionally
• 4:31
  and
• 4:31
  then
• 4:32
  on
• 4:32
  this
• 4:32
  date
• 4:33
  I'm
• 4:33
  going
• 4:33
  to
• 4:33
  do
• 4:33
  this,
• 4:33
  this
• 4:33
  and
• 4:34
  this.
• 4:34
  Like,
• 4:34
  you
• 4:35
  know,
• 4:35
  it's
• 4:35
  like,
• 4:36
  I
• 4:36
  just
• 4:36
  think
• 4:36
  there
• 4:37
  has
• 4:37
  to
• 4:37
  be
• 4:37
  a
• 4:37
  plan
• 4:37
  with
• 4:38
  exactly,
• 4:38
  like
• 4:38
  you
• 4:38
  said,
• 4:39
  like
• 4:39
  a
• 4:39
  contract
• 4:40
  and
• 4:40
  an
• 4:40
  end
• 4:40
  date.
• 4:41
  Choosing
• 4:41
  a
• 4:42
  more
• 4:42
  expensive
• 4:43
  city
• 4:43
  or
• 4:43
  lifestyle
• 4:44
  because
• 4:44
  it
• 4:45
  excites
• 4:45
  and
• 4:45
  energizes
• 4:46
  you.
• 4:47
  Even
• 4:47
  if
• 4:47
  you'd
• 4:48
  save
• 4:48
  far
• 4:48
  more
• 4:49
  living
• 4:49
  somewhere
• 4:50
  else
• 4:51
  worth
• 4:51
  it.
• 4:53
  Who
• 4:53
  stayed
• 4:54
  in
• 4:54
  LA
• 4:54
  after
• 4:55
  like
• 4:55
  the
• 4:55
  pandemic.
• 4:56
  Right?
• 4:56
  But
• 4:56
  as
• 4:57
  long
• 4:57
  as
• 4:57
  you.
• 4:57
  I
• 4:57
  talk
• 4:58
  about
• 4:58
  that
• 4:58
  20%
• 4:58
  planning
• 4:59
  budget.
• 4:59
  If
• 4:59
  you
• 4:59
  can
• 5:00
  put
• 5:00
  away
• 5:00
  20%
• 5:01
  of
• 5:01
  what
• 5:01
  you
• 5:01
  earn
• 5:01
  and
• 5:01
  you're
• 5:02
  in
• 5:02
  a
• 5:02
  place
• 5:02
  that
• 5:02
  you
• 5:02
  can
• 5:03
  earn
• 5:03
  more
• 5:03
  and
• 5:03
  save
• 5:04
  more
• 5:04
  and
• 5:04
  live
• 5:05
  more,
• 5:05
  then
• 5:06
  that
• 5:07
  works,
• 5:08
  you
• 5:08
  know,
• 5:09
  but
• 5:09
  if
• 5:10
  it
• 5:10
  puts
• 5:10
  you
• 5:10
  in
• 5:10
  a
• 5:10
  position
• 5:11
  where
• 5:11
  you
• 5:11
  have
• 5:11
  your
• 5:12
  paycheck
• 5:12
  to
• 5:12
  paycheck,
• 5:13
  I
• 5:14
  mean,
• 5:15
  you
• 5:15
  know,
• 5:15
  that
• 5:15
  doesn't
• 5:16
  make
• 5:16
  any
• 5:16
  sense.
• 5:16
  Especially
• 5:17
  in
• 5:17
  your
• 5:17
  mid.
• 5:18
  Yeah,
• 5:18
  exactly.
• 5:18
  When
• 5:19
  you
• 5:19
  don't
• 5:19
  want
• 5:19
  to
• 5:19
  be
• 5:20
  struggling
• 5:20
  necessarily,
• 5:21
  you
• 5:21
  Know
• 5:22
  keeping
• 5:23
  money
• 5:23
  in
• 5:23
  lower
• 5:24
  risk,
• 5:24
  lower
• 5:25
  growth
• 5:25
  places
• 5:26
  because
• 5:26
  peace
• 5:26
  of
• 5:27
  mind
• 5:27
  helps
• 5:27
  you
• 5:27
  sleep
• 5:28
  at
• 5:28
  night.
• 5:29
  Not
• 5:29
  worth
• 5:29
  it.
• 5:30
  As
• 5:30
  long
• 5:30
  as
• 5:30
  you
• 5:31
  have
• 5:31
  enough
• 5:31
  cash
• 5:32
  reserves
• 5:32
  for
• 5:33
  three,
• 5:33
  six
• 5:33
  or
• 5:33
  12
• 5:34
  months
• 5:34
  of
• 5:34
  living
• 5:35
  expenses.
• 5:37
  It
• 5:37
  is
• 5:37
  so
• 5:37
  not
• 5:38
  worth
• 5:38
  it
• 5:38
  to
• 5:38
  keep
• 5:38
  anything
• 5:39
  beyond
• 5:39
  that
• 5:40
  because
• 5:40
  you
• 5:41
  are
• 5:41
  losing
• 5:41
  purchasing
• 5:42
  power
• 5:42
  and
• 5:42
  not
• 5:43
  keeping
• 5:43
  up
• 5:43
  with
• 5:43
  inflation.
• 5:44
  And
• 5:44
  you
• 5:44
  feel
• 5:44
  so
• 5:45
  safe
• 5:45
  and
• 5:45
  you
• 5:45
  have
• 5:45
  the
• 5:45
  best
• 5:46
  sleep.
• 5:46
  But
• 5:47
  then
• 5:47
  you're
• 5:47
  going
• 5:47
  to
• 5:47
  run
• 5:47
  out
• 5:47
  of
• 5:48
  money
• 5:48
  at
• 5:48
  77
• 5:49
  and
• 5:49
  that's
• 5:49
  going
• 5:49
  to
• 5:50
  really
• 5:50
  suck.
• 5:50
  That
• 5:51
  would
• 5:51
  not
• 5:51
  be
• 5:51
  fun.
• 5:51
  No,
• 5:52
  no.
• 5:52
  It's
• 5:52
  just
• 5:53
  so
• 5:53
  real.
• 5:54
  What
• 5:54
  do
• 5:54
  you
• 5:54
  do
• 5:54
  in
• 5:55
  a
• 5:55
  case
• 5:55
  like
• 5:55
  that?
• 5:55
  Like
• 5:56
  if
• 5:56
  you
• 5:56
  get
• 5:56
  no
• 5:56
  in
• 5:57
  a
• 5:57
  case
• 5:57
  like
• 5:57
  that?
• 5:57
  I'm
• 5:58
  very
• 5:58
  kind
• 5:58
  and
• 5:58
  gentle
• 6:00
  because
• 6:01
  there's
• 6:01
  real
• 6:02
  legitimate
• 6:03
  fear
• 6:03
  there
• 6:03
  and
• 6:03
  just
• 6:04
  because
• 6:04
  it
• 6:04
  doesn't
• 6:05
  logical
• 6:05
  sense,
• 6:06
  it's
• 6:06
  real
• 6:07
  and
• 6:07
  it's
• 6:07
  been,
• 6:07
  they've
• 6:08
  been
• 6:08
  holding
• 6:08
  onto
• 6:08
  this
• 6:08
  for
• 6:08
  a
• 6:09
  long
• 6:09
  time.
• 6:09
  And
• 6:09
  so
• 6:10
  if
• 6:10
  somebody
• 6:10
  has,
• 6:11
  like
• 6:11
  I
• 6:11
  said,
• 6:12
  let's
• 6:12
  say
• 6:12
  if
• 6:12
  someone
• 6:12
  has,
• 6:13
  you
• 6:13
  know,
• 6:14
  they
• 6:14
  spend
• 6:14
  10,000amonth
• 6:15
  and
• 6:15
  they
• 6:15
  have
• 6:16
  36
• 6:16
  months
• 6:16
  of
• 6:17
  expenses
• 6:17
  in
• 6:17
  cash,
• 6:18
  360,000.
• 6:19
  I'm
• 6:20
  not
• 6:20
  going
• 6:20
  to
• 6:20
  say,
• 6:21
  hey,
• 6:21
  hey,
• 6:22
  Roxy,
• 6:22
  like
• 6:23
  you,
• 6:23
  we're
• 6:23
  just
• 6:23
  going
• 6:24
  to
• 6:24
  take,
• 6:24
  you
• 6:24
  know,
• 6:25
  330,000
• 6:26
  and
• 6:26
  throw
• 6:26
  it
• 6:26
  into
• 6:27
  the
• 6:27
  stock
• 6:27
  market.
• 6:27
  And
• 6:27
  now
• 6:27
  you
• 6:28
  have
• 6:28
  30.
• 6:29
  Good
• 6:29
  luck.
• 6:30
  That's
• 6:30
  going
• 6:30
  to
• 6:30
  be
• 6:30
  a
• 6:31
  psychologically
• 6:31
  damaging
• 6:32
  and
• 6:32
  absolutely
• 6:32
  traumatic
• 6:33
  for
• 6:33
  that
• 6:33
  person.
• 6:33
  So
• 6:34
  we,
• 6:34
  we
• 6:34
  drip
• 6:34
  it,
• 6:34
  we
• 6:35
  say,
• 6:35
  okay,
• 6:35
  let's
• 6:36
  get
• 6:36
  you
• 6:36
  from
• 6:36
  360
• 6:37
  to
• 6:37
  180,
• 6:38
  okay.
• 6:39
  And
• 6:39
  we
• 6:39
  really
• 6:39
  talk
• 6:40
  about
• 6:40
  why
• 6:40
  that's
• 6:41
  safe.
• 6:41
  And
• 6:41
  then
• 6:41
  they
• 6:41
  see
• 6:42
  it
• 6:42
  and
• 6:42
  they
• 6:42
  see
• 6:42
  what
• 6:42
  happens.
• 6:43
  And
• 6:43
  then
• 6:43
  the
• 6:43
  next
• 6:43
  meeting
• 6:44
  in
• 6:44
  three
• 6:44
  or
• 6:44
  six
• 6:44
  months,
• 6:45
  we
• 6:45
  reduce
• 6:45
  it
• 6:45
  a
• 6:45
  little
• 6:46
  bit
• 6:46
  more.
• 6:46
  And
• 6:46
  so
• 6:46
  we
• 6:46
  drip
• 6:47
  it
• 6:47
  in
• 6:48
  so
• 6:48
  that
• 6:48
  they
• 6:49
  experience
• 6:49
  it
• 6:49
  and
• 6:50
  feel
• 6:50
  it
• 6:50
  and
• 6:50
  believe
• 6:50
  it
• 6:50
  themselves.
• 6:51
  It's
• 6:51
  not
• 6:51
  just
• 6:51
  words
• 6:52
  coming
• 6:52
  out
• 6:52
  of
• 6:52
  my
• 6:53
  mouth.
• 6:53
  Yeah,
• 6:53
  that's
• 6:53
  a
• 6:54
  good
• 6:54
  point.
• 6:54
  You
• 6:54
  kind
• 6:54
  of
• 6:54
  like
• 6:55
  drip
• 6:55
  it
• 6:55
  in,
• 6:55
  do
• 6:55
  it
• 6:56
  slower,
• 6:56
  kind
• 6:56
  of
• 6:56
  get
• 6:56
  them
• 6:57
  used
• 6:57
  to
• 6:57
  it.
• 6:58
  Okay.
• 6:58
  Such
• 6:59
  a
• 6:59
  destructor
• 6:59
  of
• 7:00
  wealth
• 7:00
  that
• 7:00
  makes
• 7:00
  people
• 7:01
  sleep
• 7:01
  better
• 7:02
  at
• 7:02
  night.
• 7:03
  It's.
• 7:04
  Don't
• 7:04
  do
• 7:04
  it.
• 7:05
  Prioritizing
• 7:06
  travel
• 7:06
  and
• 7:07
  experiences
• 7:07
  in
• 7:07
  your
• 7:08
  40s
• 7:08
  and
• 7:08
  50s,
• 7:09
  instead
• 7:09
  of
• 7:09
  maximizing
• 7:10
  long
• 7:11
  term
• 7:11
  net
• 7:11
  worth,
• 7:12
  we
• 7:13
  do
• 7:13
  both.
• 7:13
  That's
• 7:13
  the
• 7:14
  myth.
• 7:14
  People
• 7:14
  think
• 7:15
  that
• 7:15
  they
• 7:15
  live
• 7:15
  in
• 7:15
  the
• 7:16
  or
• 7:16
  world.
• 7:17
  I'm
• 7:17
  either
• 7:17
  going
• 7:17
  to
• 7:18
  travel
• 7:18
  and
• 7:18
  do
• 7:18
  everything
• 7:18
  I
• 7:19
  want
• 7:19
  and
• 7:19
  because
• 7:20
  I'm
• 7:20
  not
• 7:20
  going
• 7:20
  to
• 7:20
  wait
• 7:20
  to
• 7:20
  do
• 7:21
  all
• 7:21
  this
• 7:21
  stuff
• 7:21
  and
• 7:21
  experience
• 7:21
  the
• 7:22
  world,
• 7:22
  you
• 7:22
  know,
• 7:22
  in
• 7:22
  time
• 7:23
  old,
• 7:24
  you
• 7:24
  do
• 7:24
  both
• 7:25
  and
• 7:25
  you
• 7:25
  can
• 7:25
  do
• 7:25
  it
• 7:26
  beautifully.
• 7:27
  This
• 7:27
  is
• 7:27
  the
• 7:28
  secret
• 7:28
  that
• 7:28
  nobody
• 7:29
  believes
• 7:30
  until
• 7:30
  I
• 7:30
  show
• 7:30
  it
• 7:30
  to
• 7:31
  them.
• 7:32
  You
• 7:32
  can
• 7:32
  be
• 7:33
  so
• 7:33
  savvy
• 7:34
  and
• 7:34
  building
• 7:34
  your
• 7:34
  net
• 7:35
  worth
• 7:35
  and
• 7:35
  saving
• 7:36
  and
• 7:36
  making
• 7:36
  smart
• 7:37
  choices.
• 7:37
  And
• 7:37
  paying
• 7:38
  less
• 7:38
  in
• 7:38
  taxes
• 7:39
  and
• 7:40
  spend
• 7:41
  way
• 7:41
  more
• 7:41
  than
• 7:41
  you
• 7:41
  could
• 7:41
  ever
• 7:42
  imagine
• 7:42
  on
• 7:42
  travel.
• 7:43
  At
• 7:43
  the
• 7:43
  same
• 7:43
  time,
• 7:43
  I'm
• 7:43
  telling
• 7:44
  you,
• 7:44
  people
• 7:45
  think
• 7:45
  it's
• 7:45
  either
• 7:46
  or.
• 7:46
  It
• 7:46
  is
• 7:46
  not
• 7:47
  taking
• 7:47
  a
• 7:47
  major
• 7:48
  financial
• 7:48
  risk
• 7:49
  in
• 7:50
  midlife,
• 7:50
  starting
• 7:51
  over
• 7:51
  professionally
• 7:52
  or
• 7:52
  investing
• 7:52
  heavily
• 7:53
  because
• 7:54
  the
• 7:54
  upside
• 7:54
  could
• 7:55
  change
• 7:56
  everything.
• 7:56
  Worth
• 7:57
  it
• 7:57
  all
• 7:57
  the
• 7:57
  way,
• 7:58
  as
• 7:58
  long
• 7:58
  as
• 7:59
  you
• 7:59
  have
• 7:59
  a
• 7:59
  phased
• 7:59
  out
• 8:00
  plan.
• 8:01
  So
• 8:01
  when
• 8:01
  my
• 8:02
  clients
• 8:02
  are
• 8:02
  looking,
• 8:03
  let's
• 8:03
  say
• 8:03
  they
• 8:03
  want
• 8:03
  to
• 8:04
  start
• 8:04
  their
• 8:04
  own
• 8:04
  business
• 8:04
  or
• 8:05
  they
• 8:05
  want
• 8:05
  to,
• 8:05
  you
• 8:05
  know,
• 8:06
  let's
• 8:06
  use
• 8:06
  that.
• 8:06
  They've
• 8:07
  been
• 8:07
  in
• 8:07
  the
• 8:07
  corporate
• 8:08
  world
• 8:08
  for
• 8:08
  25
• 8:09
  years
• 8:09
  or,
• 8:10
  you
• 8:10
  know,
• 8:10
  whatever,
• 8:10
  and
• 8:10
  they
• 8:10
  want
• 8:11
  to
• 8:11
  start
• 8:11
  a
• 8:11
  consulting
• 8:12
  business.
• 8:13
  We
• 8:13
  set
• 8:13
  out
• 8:14
  phases,
• 8:14
  say,
• 8:14
  okay,
• 8:16
  the
• 8:16
  worst
• 8:16
  thing
• 8:16
  you
• 8:17
  can
• 8:17
  ever
• 8:17
  do
• 8:18
  is
• 8:18
  immediately
• 8:19
  start
• 8:19
  to
• 8:19
  freak
• 8:19
  out
• 8:20
  about
• 8:20
  where
• 8:20
  am
• 8:20
  I
• 8:20
  going
• 8:20
  to
• 8:20
  earn
• 8:21
  money?
• 8:21
  You
• 8:21
  might
• 8:22
  need
• 8:23
  six
• 8:23
  to
• 8:23
  12
• 8:23
  months
• 8:23
  of
• 8:24
  just
• 8:24
  thinking
• 8:24
  time
• 8:25
  right
• 8:26
  after
• 8:26
  you
• 8:26
  leave
• 8:27
  that
• 8:27
  job,
• 8:27
  just
• 8:27
  planning,
• 8:28
  building
• 8:28
  the
• 8:28
  business,
• 8:29
  strategic
• 8:29
  materials,
• 8:30
  client
• 8:30
  base,
• 8:31
  whatever.
• 8:32
  And
• 8:32
  so
• 8:32
  we
• 8:32
  want
• 8:32
  to
• 8:32
  say,
• 8:33
  all
• 8:33
  right,
• 8:35
  we're
• 8:35
  going
• 8:35
  to,
• 8:36
  we
• 8:36
  have
• 8:36
  a
• 8:36
  bucket
• 8:36
  of
• 8:37
  capital
• 8:37
  that
• 8:37
  is
• 8:37
  going
• 8:38
  to
• 8:38
  be
• 8:38
  used
• 8:38
  for
• 8:39
  the
• 8:39
  transition
• 8:40
  and
• 8:40
  we
• 8:40
  do
• 8:41
  not
• 8:41
  need
• 8:41
  to
• 8:41
  earn
• 8:41
  any
• 8:42
  money
• 8:42
  for
• 8:43
  an
• 8:43
  entire
• 8:43
  year.
• 8:45
  That
• 8:45
  piece
• 8:46
  allows
• 8:46
  them
• 8:46
  to
• 8:47
  actually
• 8:47
  succeed
• 8:48
  in
• 8:48
  this
• 8:48
  transition.
• 8:49
  You're
• 8:49
  safe,
• 8:50
  you're
• 8:50
  good.
• 8:50
  Now
• 8:52
  month
• 8:52
  13,
• 8:53
  I'm
• 8:53
  just
• 8:53
  making
• 8:53
  this
• 8:54
  up.
• 8:54
  I
• 8:54
  need
• 8:54
  you
• 8:54
  to
• 8:55
  earn,
• 8:55
  you
• 8:56
  know,
• 8:56
  start.
• 8:56
  Think
• 8:57
  about
• 8:57
  earning
• 8:57
  at
• 8:57
  least
• 8:58
  60,
• 8:58
  whatever
• 8:59
  it
• 8:59
  is
• 8:59
  in
• 8:59
  the
• 8:59
  next
• 8:59
  three
• 9:00
  months
• 9:00
  and
• 9:00
  then
• 9:00
  this
• 9:01
  and
• 9:01
  then
• 9:01
  this
• 9:01
  and
• 9:01
  then,
• 9:02
  and
• 9:02
  then
• 9:02
  we
• 9:02
  kind
• 9:03
  of
• 9:03
  benchmark
• 9:03
  it.
• 9:04
  And
• 9:04
  if
• 9:04
  within
• 9:04
  two
• 9:04
  years
• 9:05
  you're
• 9:05
  still,
• 9:05
  you
• 9:05
  haven't
• 9:06
  earned
• 9:06
  anything,
• 9:06
  well,
• 9:06
  then
• 9:07
  that's
• 9:07
  the
• 9:07
  red
• 9:07
  flag.
• 9:08
  So
• 9:08
  I'll
• 9:09
  have
• 9:09
  conversations
• 9:09
  the
• 9:10
  other
• 9:10
  day,
• 9:10
  I
• 9:10
  did.
• 9:10
  They're
• 9:11
  like,
• 9:11
  am
• 9:11
  I
• 9:11
  at
• 9:11
  red
• 9:11
  flag
• 9:11
  yet?
• 9:12
  I'm
• 9:12
  like,
• 9:12
  no,
• 9:12
  you're
• 9:12
  a
• 9:12
  yellow
• 9:12
  flag.
• 9:13
  You
• 9:13
  got
• 9:13
  about
• 9:13
  four
• 9:14
  months
• 9:14
  left.
• 9:14
  So
• 9:14
  get
• 9:15
  going.
• 9:16
  Your
• 9:16
  yellow
• 9:16
  flag,
• 9:17
  you
• 9:17
  know,
• 9:17
  and
• 9:17
  I
• 9:18
  tell
• 9:18
  people,
• 9:18
  like,
• 9:18
  they
• 9:19
  know
• 9:19
  when
• 9:19
  they're
• 9:19
  red
• 9:19
  flag
• 9:20
  and
• 9:20
  it's
• 9:20
  time
• 9:20
  and.
• 9:21
  But
• 9:21
  I
• 9:22
  mean,
• 9:22
  I
• 9:22
  very
• 9:22
  rarely,
• 9:22
  honestly,
• 9:23
  like,
• 9:23
  I
• 9:24
  don't
• 9:24
  know
• 9:24
  if
• 9:24
  I've
• 9:24
  had
• 9:24
  a
• 9:24
  red
• 9:24
  flag,
• 9:25
  to
• 9:25
  be
• 9:25
  honest.
• 9:25
  It's
• 9:25
  typically
• 9:26
  yellow
• 9:27
  flag.
• 9:27
  Yellow
• 9:27
  flag,
• 9:28
  yellow
• 9:29
  flag.
• 9:29
  Yeah.
• 9:30
  And
• 9:30
  then,
• 9:30
  and
• 9:31
  then,
• 9:31
  you
• 9:32
  know,
• 9:32
  people
• 9:32
  typically
• 9:33
  don't
• 9:33
  go
• 9:33
  back.
• 9:33
  Yeah,
• 9:34
  it's
• 9:34
  like
• 9:34
  the,
• 9:34
  the
• 9:34
  warning
• 9:35
  is
• 9:35
  enough
• 9:35
  for
• 9:36
  them
• 9:36
  at
• 9:36
  that
• 9:36
  point.
• 9:37
  Yeah.
• 9:37
  The
• 9:37
  last
• 9:38
  one.
• 9:38
  Intentionally
• 9:39
  planning
• 9:40
  to
• 9:40
  spend
• 9:40
  most
• 9:41
  of
• 9:41
  your
• 9:41
  money
• 9:41
  in
• 9:42
  your
• 9:42
  lifetime
• 9:43
  rather
• 9:43
  than
• 9:44
  preserving
• 9:44
  a
• 9:44
  large
• 9:45
  inheritance.
• 9:47
  Worth
• 9:47
  it
• 9:47
  or
• 9:48
  not
• 9:48
  worth
• 9:48
  it?
• 9:49
  That
• 9:49
  is
• 9:49
  so
• 9:49
  individual,
• 9:51
  you
• 9:51
  know,
• 9:51
  like
• 9:52
  what
• 9:52
  matters
• 9:52
  to
• 9:52
  you?
• 9:53
  Again,
• 9:54
  you
• 9:54
  can
• 9:54
  do
• 9:54
  both.
• 9:55
  Especially
• 9:55
  if
• 9:56
  you
• 9:56
  get
• 9:56
  life
• 9:56
  insurance
• 9:57
  early
• 9:57
  on,
• 9:57
  that's
• 9:58
  structured
• 9:58
  to
• 9:58
  never
• 9:58
  expire.
• 10:00
  That's
• 10:00
  like
• 10:01
  the
• 10:01
  best
• 10:02
  because
• 10:02
  it
• 10:02
  pays
• 10:02
  out
• 10:03
  whenever
• 10:04
  you
• 10:04
  pass
• 10:04
  away
• 10:05
  and
• 10:05
  it
• 10:05
  pays
• 10:05
  out
• 10:05
  Tax
• 10:06
  free,
• 10:06
  and
• 10:06
  it's
• 10:06
  quite
• 10:07
  a
• 10:07
  large
• 10:07
  chunk,
• 10:08
  so
• 10:08
  if
• 10:09
  you
• 10:09
  start
• 10:09
  planning,
• 10:09
  you
• 10:09
  know,
• 10:11
  through
• 10:11
  that
• 10:11
  lens.
• 10:12
  But,
• 10:13
  you
• 10:13
  know,
• 10:14
  I
• 10:15
  really
• 10:15
  think
• 10:15
  that
• 10:16
  if
• 10:16
  you
• 10:16
  do,
• 10:17
  like,
• 10:17
  my.
• 10:17
  My
• 10:17
  belief
• 10:18
  on
• 10:18
  estate
• 10:18
  planning,
• 10:18
  I
• 10:19
  think
• 10:19
  a
• 10:19
  lot
• 10:19
  of
• 10:19
  people
• 10:19
  don't
• 10:19
  think
• 10:19
  they
• 10:19
  need
• 10:20
  to
• 10:20
  do
• 10:20
  estate
• 10:20
  planning
• 10:20
  until
• 10:21
  they're,
• 10:21
  you
• 10:21
  know,
• 10:22
  in
• 10:22
  their
• 10:22
  60s
• 10:22
  or
• 10:23
  they
• 10:23
  have
• 10:23
  enough
• 10:23
  to
• 10:24
  plan
• 10:24
  with.
• 10:24
  But
• 10:24
  my
• 10:24
  philosophy
• 10:25
  is,
• 10:25
  if
• 10:26
  you
• 10:26
  have
• 10:26
  stuff
• 10:26
  and
• 10:26
  you
• 10:26
  love
• 10:27
  people,
• 10:27
  you
• 10:27
  need
• 10:27
  an
• 10:27
  estate
• 10:28
  plan.
• 10:28
  Like,
• 10:28
  what
• 10:28
  happens
• 10:29
  to
• 10:29
  your
• 10:29
  stuff,
• 10:29
  like,
• 10:30
  when
• 10:30
  you're
• 10:30
  no
• 10:30
  longer
• 10:31
  here
• 10:32
  and
• 10:32
  just
• 10:32
  talking
• 10:32
  about
• 10:32
  kind
• 10:33
  of
• 10:33
  basic
• 10:33
  trusts
• 10:34
  and
• 10:34
  stuff
• 10:34
  like
• 10:34
  that.
• 10:34
  But
• 10:38
  I
• 10:38
  think
• 10:39
  that,
• 10:40
  you
• 10:41
  know,
• 10:41
  you
• 10:41
  can
• 10:41
  live
• 10:41
  such.
• 10:42
  You
• 10:42
  should
• 10:43
  live
• 10:43
  your
• 10:43
  best
• 10:43
  life,
• 10:43
  like,
• 10:44
  while
• 10:44
  you're
• 10:44
  alive.
• 10:45
  Yeah,
• 10:45
  right.
• 10:46
  Enjoy
• 10:46
  what
• 10:46
  you
• 10:47
  have.
• 10:47
  Right?
• 10:47
  Enjoy.
• 10:49
  And
• 10:49
  I
• 10:49
  think
• 10:50
  this
• 10:51
  is
• 10:51
  a
• 10:51
  whole
• 10:51
  nother
• 10:51
  topic,
• 10:51
  but
• 10:52
  inheritance
• 10:52
  and
• 10:53
  gifting,
• 10:53
  you
• 10:54
  know,
• 10:55
  our
• 10:55
  gender,
• 10:56
  our
• 10:56
  parents,
• 10:56
  the
• 10:56
  boomers.
• 10:58
  Right?
• 10:58
  No
• 10:58
  one
• 10:58
  talks
• 10:59
  about.
• 11:00
  No
• 11:00
  one
• 11:00
  talks
• 11:00
  about
• 11:00
  anything.
• 11:01
  What's
• 11:01
  love?
• 11:01
  What
• 11:01
  am
• 11:01
  I
• 11:02
  gonna.
• 11:02
  Like,
• 11:02
  you
• 11:02
  know,
• 11:03
  I
• 11:03
  really
• 11:03
  coach
• 11:03
  my
• 11:03
  clients
• 11:03
  on
• 11:04
  having
• 11:04
  conversations
• 11:04
  with
• 11:05
  boomers
• 11:05
  about
• 11:06
  inheritance
• 11:07
  because
• 11:07
  it's
• 11:08
  so
• 11:08
  taboo.
• 11:08
  And
• 11:09
  so,
• 11:09
  you
• 11:09
  know,
• 11:10
  I
• 11:10
  think
• 11:10
  our
• 11:10
  generation,
• 11:11
  we
• 11:11
  need
• 11:11
  to
• 11:11
  be
• 11:12
  like,
• 11:12
  for
• 11:12
  me,
• 11:13
  like,
• 11:13
  I
• 11:14
  want
• 11:14
  to
• 11:14
  spend
• 11:14
  my
• 11:15
  money
• 11:15
  on
• 11:15
  my
• 11:15
  kids,
• 11:16
  like,
• 11:16
  while
• 11:16
  I
• 11:16
  can
• 11:16
  see
• 11:17
  it
• 11:17
  while
• 11:17
  I'm
• 11:17
  alive
• 11:19
  and
• 11:19
  experience
• 11:19
  it
• 11:20
  with
• 11:20
  them.
• 11:20
  I'm
• 11:21
  not
• 11:21
  saying
• 11:21
  I
• 11:21
  just
• 11:21
  want
• 11:21
  to
• 11:21
  give
• 11:22
  them
• 11:22
  a
• 11:22
  bunch
• 11:22
  of
• 11:22
  money,
• 11:22
  but
• 11:23
  help
• 11:23
  with
• 11:23
  a
• 11:23
  down
• 11:23
  payment
• 11:24
  or
• 11:24
  let's
• 11:24
  do
• 11:24
  a
• 11:25
  safari
• 11:25
  together.
• 11:26
  Like,
• 11:27
  you
• 11:27
  know,
• 11:27
  like,
• 11:27
  that
• 11:28
  kind
• 11:28
  of
• 11:28
  stuff
• 11:29
  I
• 11:29
  think
• 11:29
  is
• 11:29
  going
• 11:29
  to
• 11:29
  be
• 11:29
  a
• 11:30
  lot
• 11:30
  versus,
• 11:30
  like,
• 11:31
  I'm
• 11:31
  just
• 11:31
  going
• 11:31
  to
• 11:31
  die,
• 11:32
  and
• 11:32
  then
• 11:32
  you're
• 11:32
  going
• 11:32
  to
• 11:32
  get
• 11:32
  all
• 11:32
  this
• 11:33
  money,
• 11:33
  you
• 11:33
  know,
• 11:34
  or
• 11:34
  whatever
• 11:34
  it
• 11:34
  is.
• 11:34
  So,
• 11:36
  yeah,
• 11:36
  I
• 11:36
  would
• 11:36
  say
• 11:37
  a
• 11:37
  combination.
• 11:37
  First,
• 11:38
  I
• 11:38
  think
• 11:38
  it's
• 11:38
  most
• 11:38
  important
• 11:38
  to
• 11:39
  live
• 11:39
  life
• 11:39
  in
• 11:39
  the
• 11:39
  way
• 11:39
  you
• 11:39
  want
• 11:39
  to
• 11:40
  live
• 11:40
  it,
• 11:40
  you
• 11:41
  know,
• 11:41
  while
• 11:41
  you're
• 11:41
  on
• 11:41
  this
• 11:42
  planet.
• 11:42
  And
• 11:43
  secondly,
• 11:43
  I
• 11:43
  think
• 11:44
  children,
• 11:44
  you
• 11:45
  know,
• 11:45
  I
• 11:45
  mean,
• 11:47
  will
• 11:48
  benefit
• 11:48
  from
• 11:48
  accelerated
• 11:49
  gifting
• 11:50
  and
• 11:50
  accelerated
• 11:51
  life
• 11:51
  experience
• 11:51
  because
• 11:51
  they
• 11:52
  want
• 11:52
  to
• 11:52
  spend
• 11:52
  time
• 11:52
  with
• 11:53
  you
• 11:53
  and
• 11:53
  do
• 11:53
  awesome
• 11:53
  things
• 11:54
  with
• 11:54
  you
• 11:54
  while
• 11:54
  you're
• 11:54
  alive.
• 11:55
  And
• 11:56
  thirdly,
• 11:56
  you
• 11:56
  know,
• 11:56
  if
• 11:56
  you
• 11:57
  have
• 11:57
  the
• 11:57
  ability
• 11:57
  to
• 11:58
  get,
• 11:58
  you
• 11:58
  know,
• 11:58
  permanent
• 11:59
  insurance,
• 11:59
  that's
• 11:59
  a
• 11:59
  great
• 12:00
  way
• 12:00
  to
• 12:00
  inject
• 12:00
  capital
• 12:00
  to
• 12:01
  the
• 12:01
  estate.
• 12:02
  That's
• 12:03
  great
• 12:03
  grandbaby
• 12:03
  money,
• 12:04
  too,
• 12:04
  you
• 12:04
  know,
• 12:04
  versus
• 12:05
  saving
• 12:05
  money
• 12:06
  to
• 12:07
  gift.
• 12:07
  Good
• 12:08
  point.
• 12:08
  Oh,
• 12:08
  my
• 12:08
  God.
• 12:09
  So
• 12:09
  much
• 12:09
  amazing
• 12:09
  information.
• 12:10
  I
• 12:10
  feel
• 12:10
  like
• 12:11
  I
• 12:11
  have
• 12:11
  to
• 12:12
  go
• 12:12
  back
• 12:12
  now
• 12:12
  and
• 12:13
  look
• 12:13
  at
• 12:13
  my
• 12:13
  financial
• 12:14
  plans
• 12:14
  and
• 12:15
  kind
• 12:15
  of
• 12:15
  get.
• 12:16
  Make
• 12:16
  sure
• 12:16
  everything
• 12:16
  is
• 12:17
  correctly
• 12:17
  in
• 12:17
  order,
• 12:17
  because
• 12:18
  that
• 12:18
  does.
• 12:18
  I
• 12:19
  mean,
• 12:19
  you've
• 12:19
  given
• 12:19
  so
• 12:19
  much
• 12:20
  amazing
• 12:20
  knowledge
• 12:21
  and
• 12:22
  information.
• 12:23
  So
• 12:24
  for
• 12:24
  those
• 12:24
  of
• 12:25
  you
• 12:25
  guys
• 12:25
  who
• 12:25
  have
• 12:26
  not
• 12:26
  listened
• 12:26
  to
• 12:26
  Haley's
• 12:27
  full
• 12:27
  episode,
• 12:28
  go
• 12:28
  back
• 12:28
  to
• 12:28
  Tuesday's
• 12:29
  episode,
• 12:29
  because
• 12:30
  she's
• 12:31
  amazing.
• 12:31
  I
• 12:31
  mean,
• 12:32
  you
• 12:32
  could,
• 12:32
  you
• 12:32
  know
• 12:33
  so
• 12:33
  much
• 12:33
  about
• 12:33
  this,
• 12:34
  about
• 12:34
  this
• 12:34
  whole
• 12:35
  topic
• 12:35
  and,
• 12:36
  you
• 12:36
  know,
• 12:37
  for
• 12:37
  those
• 12:37
  who
• 12:37
  want
• 12:37
  to
• 12:38
  come
• 12:38
  find
• 12:38
  you,
• 12:38
  where
• 12:39
  can
• 12:39
  they
• 12:39
  find
• 12:39
  you?
• 12:40
  You
• 12:40
  know,
• 12:40
  we
• 12:40
  can,
• 12:40
  you
• 12:40
  can
• 12:40
  fill
• 12:41
  out
• 12:41
  a
• 12:41
  form
• 12:41
  on,
• 12:41
  on
• 12:42
  the
• 12:42
  website.
• 12:42
  We're
• 12:42
  at
• 12:43
  ripple
• 12:43
  R,
• 12:43
  I
• 12:43
  P
• 12:44
  P
• 12:44
  L
• 12:44
  dot
• 12:44
  NM
• 12:45
  like
• 12:45
  New
• 12:45
  Mexico
• 12:46
  dot
• 12:46
  com.
• 12:47
  I'll
• 12:47
  also
• 12:47
  put
• 12:47
  my,
• 12:48
  you
• 12:48
  know,
• 12:48
  email
• 12:48
  that
• 12:49
  goes
• 12:49
  to
• 12:49
  the
• 12:49
  general
• 12:50
  inbox.
• 12:51
  And
• 12:51
  I
• 12:51
  had
• 12:52
  had
• 12:52
  shared
• 12:52
  with
• 12:53
  Roxy
• 12:53
  that
• 12:54
  the
• 12:54
  first
• 12:55
  30
• 12:55
  listeners
• 12:56
  like
• 12:56
  mention
• 12:56
  the
• 12:56
  podcast
• 12:57
  and
• 12:57
  the
• 12:57
  subject.
• 12:57
  We
• 12:58
  will
• 12:58
  do
• 12:58
  a
• 12:58
  complimentary,
• 12:59
  like
• 12:59
  30
• 12:59
  minute,
• 13:00
  one
• 13:00
  on
• 13:00
  one
• 13:00
  consult
• 13:01
  with
• 13:02
  which
• 13:02
  we
• 13:02
  typically
• 13:02
  charge
• 13:03
  thousands
• 13:03
  of
• 13:03
  dollars
• 13:04
  for.
• 13:04
  So
• 13:04
  excited
• 13:05
  to
• 13:05
  just
• 13:06
  lift
• 13:06
  up
• 13:06
  your
• 13:06
  listeners
• 13:07
  and
• 13:07
  see
• 13:07
  how
• 13:07
  we
• 13:08
  can
• 13:08
  give
• 13:08
  them
• 13:09
  some
• 13:09
  clarity
• 13:10
  and
• 13:10
  confidence
• 13:10
  if
• 13:10
  they
• 13:11
  already
• 13:11
  have
• 13:11
  a
• 13:11
  plan.
• 13:11
  If
• 13:12
  they
• 13:12
  don't
• 13:12
  have
• 13:12
  a
• 13:12
  plan
• 13:12
  or
• 13:12
  if
• 13:13
  it
• 13:13
  makes
• 13:13
  sense
• 13:13
  for
• 13:13
  us
• 13:13
  to
• 13:13
  work
• 13:14
  together,
• 13:14
  we
• 13:14
  can
• 13:14
  explore
• 13:14
  that
• 13:15
  as
• 13:15
  well.
• 13:15
  So
• 13:16
  that
• 13:16
  is
• 13:16
  exciting.
• 13:17
  Everybody
• 13:17
  should
• 13:17
  check
• 13:18
  her
• 13:18
  out
• 13:18
  for
• 13:18
  sure
• 13:18
  because
• 13:19
  like
• 13:20
  I
• 13:20
  said,
• 13:20
  even
• 13:20
  taking
• 13:21
  that
• 13:21
  call
• 13:21
  with
• 13:21
  you,
• 13:22
  I
• 13:22
  mean,
• 13:22
  they
• 13:22
  probably
• 13:23
  will
• 13:23
  glean
• 13:23
  so
• 13:23
  much
• 13:24
  information.
• 13:24
  So
• 13:25
  it's
• 13:25
  really
• 13:25
  valuable,
• 13:26
  right?
• 13:26
  It's
• 13:27
  really
• 13:27
  valuable.
• 13:28
  Fun
• 13:28
  and
• 13:28
  sexy.
• 13:29
  Doesn't
• 13:29
  have
• 13:29
  to
• 13:29
  be
• 13:29
  heavy.
• 13:30
  Yes.
• 13:30
  Yeah.
• 13:32
  I'm
• 13:32
  not
• 13:33
  a
• 13:33
  numbers
• 13:33
  person
• 13:33
  and
• 13:34
  I
• 13:34
  should
• 13:34
  have,
• 13:34
  could
• 13:34
  have,
• 13:35
  would.
• 13:35
  No,
• 13:35
  no,
• 13:35
  no.
• 13:36
  Yeah,
• 13:36
  let's
• 13:36
  go.
• 13:37
  I
• 13:37
  mean,
• 13:37
  come
• 13:38
  on.
• 13:38
  It's
• 13:38
  never
• 13:38
  too
• 13:39
  late,
• 13:39
  right?
• 13:39
  It's
• 13:40
  never
• 13:40
  too
• 13:40
  late.
• 13:41
  Never.
• 13:41
  Never.
• 13:42
  Amazing.
• 13:43
  Well,
• 13:44
  thank
• 13:44
  you
• 13:44
  so
• 13:45
  much,
• 13:45
  Haley.
• 13:45
  It's
• 13:46
  been
• 13:46
  such
• 13:46
  a
• 13:46
  pleasure
• 13:47
  to
• 13:47
  talk
• 13:47
  to
• 13:47
  you.
• 13:47
  Thank
• 13:48
  you
• 13:48
  for
• 13:48
  everything.
• 13:48
  I
• 13:48
  really
• 13:49
  appreciate
• 13:49
  it.