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Nurturing Financially Aware Children: Strategies and Challenges · Mrs. PIE

• 0:01
  Speaker 1: Riff Morca.
• 0:38
  Speaker 2: I can't hear you, you're going to be muted.
• 1:02
  Speaker 4: Wait a go, Shelley.
• 1:07
  Speaker 2: You said it.
• 1:07
  Speaker 2: You said something might happen.
• 1:10
  Speaker 3: You called me ready for anything.
• 1:12
  Speaker 5: You hear me now.
• 1:16
  Speaker 2: Perfect, greatest intro ever.
• 1:27
  Speaker 5: There was a tiny glitch happening on my side.
• 1:29
  Speaker 5: I can see myself on Paradec Live TV.
• 1:36
  Speaker 5: I can see myself on Paradec Live.
• 1:49
  Speaker 5: I can't hear you.
• 2:13
  Speaker 2: We're going to roam around the room.
• 2:18
  Speaker 1: Hi everyone.
• 2:19
  Speaker 1: Hi everyone, reduce if I so.
• 2:55
  Speaker 1: I'm excited to be here with you today and I look forward to sharing these financial gems for students, teachers and parents today.
• 3:07
  Speaker 5: Awesome.
• 3:07
  Speaker 5: Thank you for doing that, y'all, and I'm apologizing for the glitch.
• 3:10
  Speaker 5: So, before we go further, for the folks who are on Facebook, linkedin, youtube, twitter and Paradec live, please make sure you love and like the video and support.
• 3:20
  Speaker 5: All my friends were here tonight, so why don't we go to Hassan next?
• 3:24
  Speaker 3: All right, well, hello, hello.
• 3:26
  Speaker 3: My name is Hassan Thomas.
• 3:27
  Speaker 3: I'm the CEO and founder of FYI.
• 3:30
  Speaker 3: Fly with.
• 3:31
  Speaker 3: That stands for is for your information, financial literacy and investing.
• 3:35
  Speaker 3: So a little word play on that word fly for that younger audience.
• 3:38
  Speaker 3: I'm a award-winning podcaster, author, speaker, so I go to high schools and colleges and speak with recent grad students on how to make, manage and grow their finances and I'm super happy to be here.
• 3:52
  Speaker 5: Awesome.
• 3:52
  Speaker 5: Thank you for that.
• 3:53
  Speaker 5: And then Sam.
• 3:55
  Speaker 4: Well, thank you, Mrs Pie, feeling very proud, inspired and empowered.
• 4:00
  Speaker 5: You're at home, okay.
• 4:01
  Speaker 4: You're at home.
• 4:02
  Speaker 4: Please on that next rank, AKA Sammy Rabbit.
• 4:06
  Speaker 4: We like to help teach kids and teach parents and teach everyone interested in teaching young kids especially great money habits.
• 4:16
  Speaker 4: We do it at samyrabbitcom.
• 4:18
  Speaker 4: We welcome everybody to Sammy Land.
• 4:20
  Speaker 4: Come join us, Give us your feedback, let's learn together.
• 4:24
  Speaker 4: Let's make sure all of us, including the next generation, has a great, great president in the future.
• 4:31
  Speaker 5: I love that.
• 4:32
  Speaker 5: And then, definitely last but not least, I think Derek is otherwise known as the great connector.
• 4:38
  Speaker 5: Derek knows everybody and he doesn't know him you know, somebody who knows him, and so I definitely want to pause right here because I'm also just, you know, just to be, just to be on.
• 4:48
  Speaker 5: Thank you, tracy, our kids need this badly.
• 4:51
  Speaker 5: Yes, that's why we're here for real.
• 4:52
  Speaker 5: So just to pause and give a shout out to the seedling app and I just just a transparency that our company, mrs Pie, my daughter, everybody who's attached to me, supports this app.
• 5:04
  Speaker 5: It is amazing.
• 5:06
  Speaker 5: So tell us you know who you are, sir.
• 5:10
  Speaker 2: So, derek Wesley, thank you for that introduction and thank you for having me on Shelly with this amazing group on the panel this evening.
• 5:18
  Speaker 2: So I'm the owner and founder of seedling financial education.
• 5:21
  Speaker 2: We work mainly with schools and nonprofits to provide our innovative financial literacy tools.
• 5:27
  Speaker 2: We have the mobile app, like you mentioned, which builds a personalized curriculum for each user, so you can be as young as five all the way up to retirement age and you get content based on your assessment score and what you're interested in.
• 5:41
  Speaker 2: And we also work with teachers in the classroom and we provide our full turnkey solution to schools to make sure that the teachers have everything they need so that they can help the students learn those important financial lessons that they need once they graduate, because a lot of schools aren't offering it.
• 5:58
  Speaker 2: So we're happy to come in and fill that gap so that the students can get everything so that they're ready to be successful when it comes to their finances.
• 6:06
  Speaker 5: I love that.
• 6:07
  Speaker 5: Something that we talked about, both Derek and myself and Sam we talked about before, was this gap in financial literacy, education, education when it came from parents to our kids.
• 6:17
  Speaker 5: So a lot of us, a lot of us parents, you know we don't do a great job of telling kids, you know how to say or explaining that money doesn't actually grow on trees.
• 6:27
  Speaker 5: We just answer the request of you know I need this, I need that, and the money magically shows up, and so you know something that, as a mom, that a challenge that I have, is really explaining even the basics because, to your point, Derek, it is not widely taught in school.
• 6:45
  Speaker 5: So I wanted to actually go to Hassan real quick to get your your take on kind of the state of you know the way things are right now and what are some of the obstacles that parents have in just having some of those basic, basic conversations about financial literacy.
• 7:04
  Speaker 3: Yeah, for sure.
• 7:04
  Speaker 3: So I'm definitely glad you started with me, because I was going to jump up.
• 7:08
  Speaker 3: I was going to jump up because I think I may be the, I may I don't know, I may be the closest one that was that was previously a kid.
• 7:16
  Speaker 3: So when I was a kid, you know what.
• 7:19
  Speaker 3: I was a kid.
• 7:20
  Speaker 3: I will tell you this.
• 7:22
  Speaker 3: You know, my mom and my parents told me things, but they didn't tell me why.
• 7:28
  Speaker 3: They didn't show me and tell me Okay, boom, you need to be saving.
• 7:34
  Speaker 3: But let me tell you why.
• 7:35
  Speaker 3: And also, they didn't tell me you know what happens if you do, but also what happens if you don't.
• 7:41
  Speaker 3: So I don't want to say we want to scare our kids or scare the younger generation, but we got to be real with them.
• 7:48
  Speaker 3: We got to be real and let them know what happens if they make that smart financial decision or, on the opposite end, if they make that, you know, not so smart financial decision.
• 7:59
  Speaker 3: So I think that's where you know parents can, you know, take a take.
• 8:05
  Speaker 3: That is the way that we will be able to learn is to know why and what.
• 8:18
  Speaker 3: If we know what happens if we do and what happens if we don't, kind of explain the pros and the cons.
• 8:25
  Speaker 5: I love that.
• 8:26
  Speaker 5: So can we just pulling on that thread a little bit.
• 8:29
  Speaker 5: What are your, what are your thoughts around that?
• 8:33
  Speaker 1: I think that that's a great way to address it.
• 8:37
  Speaker 1: Hasan, and going back to something you said, shelley, I am currently not a parent, but what I have heard from parents is that they do not have a good understanding of finances themselves, and so how do they share information that they don't even have with their children?
• 8:54
  Speaker 1: And my advice is to start with the component that we can all begin with, and that's with engagement.
• 9:01
  Speaker 1: Even if you don't have a good understanding of finances, we all still work with finances, so we're all still paying bills, we're all still budgeting to some degree, and so my mother did an excellent job of getting me engaged, and I believe that that is a strong component to allowing your children to have an introduction to finance, and so, whether that's going to the grocery store and taking down the prices of the items and then calculating, those items are starting with an allowance, and so that way, your children will understand the power of the dollar.
• 9:39
  Speaker 1: So I believe in getting them engaged in any way that you possibly can, and that'll set a good, strong foundation for them.
• 9:50
  Speaker 5: So I love it.
• 9:51
  Speaker 5: So, Romy, there's a.
• 9:52
  Speaker 5: There's a comment in the room.
• 9:53
  Speaker 5: If I can, I'm going to try to show it.
• 9:55
  Speaker 5: It's from Tracy and she's talking about we have to do more than just paying, basically, our kids and this is, you know, I'm going to read it out for those of y'all who listen to our podcast lately this week we have to do more than just paying our kids for chores.
• 10:10
  Speaker 5: That is the great lesson, and how do we teach them how to get well?
• 10:14
  Speaker 5: And so now, here's that conversation the difference between I'm looking at Sam, I'm like we talked about this the difference between earning well, investing, saving, and chores right, paying my kid.
• 10:30
  Speaker 5: So what do you?
• 10:34
  Speaker 5: What are your thoughts, Sam?
• 10:37
  Speaker 4: Well, I can see right off the bat there is going to be another gap.
• 10:39
  Speaker 4: That's a generational gap.
• 10:41
  Speaker 4: My parents, you know it was funny when Romy said about the power power I was thinking I grew up in the power of the paddle and things like why.
• 10:53
  Speaker 4: Those were questions you didn't ask, you just kind of follow directions.
• 10:57
  Speaker 4: But I think, you know you've hit on a lot of important topics, at least from my perspective.
• 11:03
  Speaker 4: I think kids learn best by doing so.
• 11:05
  Speaker 4: Engagement is a great strategy, particularly if you're good at it and can get them going.
• 11:12
  Speaker 4: You know, education is a process, so I think we need to be realistic.
• 11:16
  Speaker 4: There aren't any silver bullets.
• 11:18
  Speaker 4: If there are, please, you know, let me know.
• 11:20
  Speaker 4: I haven't found any.
• 11:22
  Speaker 4: So I think you want to get the the the topic going.
• 11:27
  Speaker 4: You know, however, that might be, and it can just be as simple as, maybe, making a deposit into a savings jar or a piggy bank at SammyRabbitcom.
• 11:37
  Speaker 4: You know we try and break things down into simple steps and so for us, the most important thing any parent can teach a child to do is to save money.
• 11:48
  Speaker 4: All right, I like the idea.
• 11:50
  Speaker 4: You know I'm seeing Romy's an asset achiever.
• 11:53
  Speaker 4: All right, I love the idea of, like, asset building.
• 11:56
  Speaker 4: All right, all of these things are in the way I view it are mindsets, and that's that's where we begin, and so that happens often in language.
• 12:06
  Speaker 4: So parents might, you know, have these family meetings, for example, you know, start establishing a culture of wealth building, and so that there's a lot of ways to do it, but start, you know, doing it.
• 12:23
  Speaker 4: And as a part of the doing, I think, you know, as a parent, as a teacher, and I, I think that's where it starts is with parents, as opposed to, say, schools, and in my view of it, schools can add on.
• 12:35
  Speaker 4: Certainly, they can be a first point for some people, but it's a huge advantage if your parents get these comfort stations going.
• 12:43
  Speaker 4: And then, I think the second thing you want to communicate is this idea you just hit on Mrs Byte you want to be earners.
• 12:50
  Speaker 4: You know the Jeff Coates.
• 12:53
  Speaker 4: We're earners.
• 12:53
  Speaker 4: That means we work for money and that means also, we have our money work for us.
• 12:59
  Speaker 4: We want our money working as hard as we work.
• 13:02
  Speaker 4: That's how it grows, that's right.
• 13:05
  Speaker 4: Builds wealth and puts you on the road to riches and things of that nature.
• 13:09
  Speaker 4: I think once you get involved then you start building on your skills or your knowledge about money and also your teaching, engagement skills and all of these type of things.
• 13:21
  Speaker 4: But start early.
• 13:24
  Speaker 4: A lot of the studies and research indicate kids begin learning about everything but that includes money from birth, maybe even earlier, through sound, through sight, so they're constantly hearing things, watching us and whatnot.
• 13:41
  Speaker 3: And one thing I just want to add really, really quickly to Sam's point, one thing that I told my little brother and little sister, who is eight and 10, I told them let's save money off the top and then spend whatever is left over, Because they don't have bills, they don't have anything that they really need to pay for.
• 14:00
  Speaker 3: So let's save a little money off top and I think that's a much easier concept.
• 14:05
  Speaker 3: Of course I learned that from Rich's man of Babylon, but just explaining to him like that, hey, save a little off top and then whatever is left over go ahead and spend.
• 14:15
  Speaker 3: That's kind of makes them feel good to know that they have money to spend, but it makes us feel good to know that they got money to save as well.
• 14:22
  Speaker 4: Yeah, you hit on a key point there, hasan.
• 14:24
  Speaker 4: Look, kids, they're a window of opportunity.
• 14:28
  Speaker 4: They don't have expenses, they don't have bills, and when you think just about saving, for example, kids probably all languages is like this, but words have multiple meanings, so probably young kids will be introduced to the idea of, let's say, saving meaning like rescue and rescue the princess, the prince, whatever it is.
• 14:50
  Speaker 4: Now, when it comes to money, it gets even trickier, because there's often two types of saving, like what I call save, spend, save while you're spending money, and save, accumulate, start, keep, put away.
• 15:05
  Speaker 4: And so that is just a gold carrot principle Prioritize saving, save first, pay yourself first, save first, then spend.
• 15:16
  Speaker 4: So, man, I love that, thank you.
• 15:19
  Speaker 2: And just listen to you guys.
• 15:20
  Speaker 2: Hey, I'm fine man.
• 15:23
  Speaker 2: FYI, listen to you guys.
• 15:25
  Speaker 2: One of the main things that I'm picking up on is just mindset.
• 15:28
  Speaker 2: That's what I'm hearing, just training the kids to have the right mindset about money.
• 15:32
  Speaker 2: Sammy, I believe you have the song where you constantly preach about saving as a habit.
• 15:37
  Speaker 2: Creating those habits in our kids are super important.
• 15:40
  Speaker 2: And something else that I think about with my own kids is framing the conversation.
• 15:45
  Speaker 2: Growing up in my household, when I was younger, my parents they were more so.
• 15:49
  Speaker 2: Children staying at a child's place don't ask us about our money and what we're doing with our funds.
• 15:53
  Speaker 2: You stay in your place.
• 15:55
  Speaker 2: But I think if we are proactive as parents these days, then we get the opportunity to introduce money to our kids and then that way we can frame those conversations.
• 16:05
  Speaker 2: We can read books together and start building, laying that foundation, and as we continue to go grocery shopping or even making a big purchase, then I can talk to them about those things where now it's not as taboo as before.
• 16:20
  Speaker 2: Now it's open and they're starting to think about their future financial decisions and how to manage money.
• 16:25
  Speaker 2: So us as parents today we can't be afraid to have those conversations and if we're proactive then we can ensure that we're guiding the conversation in the correct way and we can answer those questions as they come.
• 16:35
  Speaker 2: And if we don't know, then that's a challenge to them.
• 16:37
  Speaker 2: Hey, how about you go research it and then come back and teach me something about it?
• 16:41
  Speaker 5: Are fun.
• 16:42
  Speaker 5: There's a lot of information on the YouTube streets.
• 16:46
  Speaker 5: There's a question, but I wanna get because, you know, tracy, while we have the experts here, because if you asked me this question I would be going back to these four people.
• 16:55
  Speaker 5: Okay, so the question is to saying that my grandson loves YouTube.
• 17:01
  Speaker 5: Are there financial education videos on YouTube?
• 17:04
  Speaker 5: And this one I'm kind of this one, you know I'm again.
• 17:07
  Speaker 5: I love YouTube.
• 17:09
  Speaker 5: I'm on the YouTube streets as well, but can't get the information just from anywhere.
• 17:13
  Speaker 5: Sammyrabbitcom is a great website for kids.
• 17:16
  Speaker 5: There are books that help your grandson learn at his level not sure how old he is, but let me just throw that to you guys.
• 17:25
  Speaker 5: What are your recommendations for grandparents who are looking for tools or short videos or things like that for financial literacy for kids?
• 17:34
  Speaker 2: And anybody can see it that fly, fly, that fly fly.
• 17:38
  Speaker 3: I would definitely say, like what Dary said threw me the alley hoop.
• 17:42
  Speaker 3: I beg you, fy fly would be a great place to start for that younger generation, for sure, anybody who wants to learn more financial knowledge.
• 17:53
  Speaker 3: But honestly, y'all may not like this of some people listening, but you're gonna have to vet every single video.
• 18:00
  Speaker 3: You can't just allow because there is too many or too much content out there.
• 18:05
  Speaker 3: Nowadays, whether it be TikTok or YouTube, that's the main social media platforms or platforms that my little brother and sister use.
• 18:13
  Speaker 3: They're eight and ten, so you know kind of you know, take that into reference, but you're gonna have to vet these videos and then send them.
• 18:21
  Speaker 3: You know a couple people or you know a couple videos that you like that are appropriate.
• 18:26
  Speaker 3: Send them, let them study that and then follow that person, um, whoever that you like, or those videos.
• 18:31
  Speaker 3: Follow those type videos because, I'm sorry, it is a lot of crazy information out there, a lot of false information out there, and if you just leave it up to a eight or 10 year old or 12 year old, they could go down the wrong rabbit hole.
• 18:46
  Speaker 2: No pun intended and I'll um put in a shameless plug here and um our financial literacy app.
• 18:55
  Speaker 2: You'll find FYI's live you'll find sammy rabbit for the younger kids, those videos that have been vetted by my team to make sure that it's appropriate for students.
• 19:05
  Speaker 2: Even in the classroom.
• 19:06
  Speaker 2: We have content from Sensei education, the Sensei bulls um, easy peasy finance, just fun engaging things, and we'll be a kugo.
• 19:14
  Speaker 2: He's a former professional soccer player, the founder of a frugal athlete.
• 19:18
  Speaker 2: He's giving financial literacy advice.
• 19:20
  Speaker 2: So these are vetted people that we work with that we provide to our students to make sure that students are getting the best content that's out there.
• 19:31
  Speaker 5: I love that.
• 19:32
  Speaker 5: And then another um, not shameless plug, but if you go to our youtube channel, we actually did a product review.
• 19:39
  Speaker 5: My teen daughter did a product review of the seedling app, and so you know.
• 19:44
  Speaker 5: So when I say what I'm recommending, it is because we actually have insight in it.
• 19:48
  Speaker 5: We weren't, you know, paid off to do it y'all it wasn't affiliate marketing was on it.
• 19:52
  Speaker 5: So so when we're standing behind that product because we know that it works, and then I definitely want to make sure I do a shout out for, for those of you, one of the most incredible stories I heard came from rome about how, um, she went to becoming debt-free and living my life in the island.
• 20:11
  Speaker 5: So you know, rome is another um.
• 20:14
  Speaker 5: You know, asset achievers is another really good source for those who are trying to climb out of debt and and kind of simplify their lifestyles.
• 20:22
  Speaker 5: But again, any, literally anybody on this, this panel here is kind of where you want to go for information.
• 20:28
  Speaker 5: If you can't find them, you can find me and I will get you to them, no problem at all.
• 20:33
  Speaker 5: So um, so let me shift and you know, for, for the folks that are on parade deck, that community is, the majority of probably 99 of those community members are veterans.
• 20:46
  Speaker 5: So obviously we have a mix of veterans who are, you know, different ages, different age kids, you know global right and, as I mentioned before, there are 6.6 or so million I can't tell the number because I can't see very well community members on that site and so I want to speak to them a little bit because, as I was thinking about all of the tools and resources that all of you have to offer, I was also thinking about veterans who are transitioning out of, out of that space, um, you know, kind of leaving that environment, and now you're coming into this side of the world.
• 21:20
  Speaker 5: Money's different, you know, pays different, you know everything is a little bit different, and so I wonder if there was out, you know, go go around the room, start with Sam, go to Derek, go to Hasan and then Romi you can close this out if there's advice that you could share for veterans who are transitioning and they're looking for some assistance or any encouragement that you can give them in terms of financial literacy, transitioning from veteran status into non-veteran status.
• 21:47
  Speaker 4: So we'll hit Sam, then Derek, then Hasan, then Romi well, first I'd like to thank all the military families out there for their service.
• 21:56
  Speaker 4: You know, one of the great honors uh, we had when we first, you know, near when we first started, maybe back in 2003 is we got to tour, uh, just, you know, over a hundred military bases, you know, around the world working for the Air Force, aids of Society and Department of Defense, bringing our live programs to military bases, and it was just an incredible experience.
• 22:20
  Speaker 4: The military community is, you know, they're inspiring oh yeah, and empowered.
• 22:27
  Speaker 4: Uh.
• 22:27
  Speaker 4: You know, hasan hit on something.
• 22:29
  Speaker 4: I mean you have to do your homework, that's.
• 22:31
  Speaker 4: You know you're gonna get out of things what you put into them.
• 22:36
  Speaker 4: I definitely would take advantage of uh resources that are on the base.
• 22:42
  Speaker 4: Every base I've been to has these family readiness centers.
• 22:45
  Speaker 4: They do a tremendous job of helping people make their transitions into civilian life.
• 22:53
  Speaker 4: I would definitely, if you're networking and and you should be and making connections, you know, take advantage of those, try and figure out what it is that you really love to do and see if you can make that pay or if it does pay.
• 23:10
  Speaker 4: If it doesn't pay, then maybe you shouldn't do it, but if it does, you're going to probably excel at things that you really love and enjoy uh doing, because obviously it doesn't seem like work when you're doing it.
• 23:25
  Speaker 4: And then you know the too big uh for me, uh commandments of money are if you earn here, spend here, earn here here, spend the air, automate all of your finances, but especially automate your saving and investing.
• 23:44
  Speaker 4: And you know, once you, once you do that, you're on the, you're on the road to riches, meaning greater financial security, stability, freedom and independence awesome um.
• 23:58
  Speaker 2: So for me, um like Sam said, thank you for your service.
• 24:01
  Speaker 2: Um my dad was in the navy and I love hearing his stories about the different places that he's traveled to in his lifetime.
• 24:08
  Speaker 2: Um unfortunately for us, we haven't had the opportunity to work with very many military families or any programs or um organizations that help them, so that's definitely something that ceiling um is looking forward to being able to do in the future.
• 24:21
  Speaker 2: Um we work with a company called Sensei CENT SAI education, and just go to their website and they have a tremendous amount of articles and quizzes and lessons um specifically for military individuals to be able to learn, and so it's targeted and catered specifically to life in the military.
• 24:44
  Speaker 2: Once you come out and now you're here um living with us normal civilians um being able to help support you on your journey.
• 24:51
  Speaker 2: So definitely check out Senseicom and just type in military in the search and you'll get tons of information to help you on this journey.
• 25:02
  Speaker 5: That's awesome.
• 25:02
  Speaker 5: How about you, hassan?
• 25:04
  Speaker 3: Yes, for sure.
• 25:05
  Speaker 3: So, of course, thank you all for your service.
• 25:07
  Speaker 3: And I was really excited when Sammy said automate.
• 25:12
  Speaker 3: Automation has been a true game changer for my life.
• 25:17
  Speaker 3: I automate everything.
• 25:19
  Speaker 3: I literally went to Charles Schwab which is called Schwab now it's a brokerage and I upped my because I got a new job and I upped my Roth IRA contribution from $50 to $200 a month and that's and I'm and I told the.
• 25:35
  Speaker 3: Now you don't tell numbers, but I told the numbers because I want people to see that you can start with investing a little amount and then increase as you start increasing.
• 25:46
  Speaker 3: So a lot of people talk about lifestyle creep and whenever you make more money, you then begin to spend more money.
• 25:52
  Speaker 3: Well, let's do.
• 25:53
  Speaker 3: Well, let's, let's kind of switch a little bit, let's make more money and then invest more money, save more money.
• 25:59
  Speaker 3: We can raise our spending budget a little bit.
• 26:02
  Speaker 3: You know that's what.
• 26:02
  Speaker 3: That's what it's there for.
• 26:03
  Speaker 3: You know, still, have fun.
• 26:05
  Speaker 3: It's the tool, of course, to take care of us, to take care of our family, live, have fun.
• 26:10
  Speaker 3: But I think automation is is really huge and has really changed my life.
• 26:15
  Speaker 3: And then it'll start back.
• 26:17
  Speaker 3: Also what Sam said as as knowing.
• 26:19
  Speaker 3: You know, being in the know, getting to know your financial education, becoming educated, because I feel like when you don't understand something, you tend to fear it yeah so if you can become educated on it, then you're more confident to make that positive action and I think that's where things will really start to change for everyone listening here.
• 26:40
  Speaker 3: So books, podcast, however you can learn and kind of you know, infuse it with your day-to-day life.
• 26:48
  Speaker 3: I think that's the best thing possible to get started.
• 26:53
  Speaker 5: Awesome.
• 26:53
  Speaker 5: How about you, Romy?
• 26:55
  Speaker 1: Yes.
• 26:55
  Speaker 1: So one of the best places that I believe our veterans can start with is going to the foundation for financial planning and where you will find professionals like myself who are certified financial planners.
• 27:10
  Speaker 1: So we are considered the gold standard within the financial Planning industry and we also have a fiduciary Responsibility to you, and what that means is that we have to put your best interests and make that as a priority, and so, with the foundation for financial planning, they offer pro bono services to disable veterans, and also the veteran affairs dot gov.
• 27:37
  Speaker 1: They also offer financial counseling on a free basis to qualify veterans.
• 27:43
  Speaker 1: So thank you all for your service and if I could be of assistance to you, please reach out to me and I would be happy to assist.
• 27:53
  Speaker 5: That's awesome.
• 27:54
  Speaker 5: Thank you so much y'all, so I was thinking about a couple more questions before I let folks have dinner.
• 27:59
  Speaker 5: And, by the way, just another reminder y'all please like the video so they don't kick us off YouTube.
• 28:04
  Speaker 5: But you know we'll have.
• 28:08
  Speaker 5: We'll have.
• 28:09
  Speaker 5: This episode will be live on On all, wherever you get your podcast in a couple of days.
• 28:14
  Speaker 5: So that'll be good.
• 28:15
  Speaker 5: So you won't you won't get any of the visual interruptions that we had and apologize for the technology glitches.
• 28:21
  Speaker 5: But I wanted to find out from each of you kind of how you want to leave your mark.
• 28:25
  Speaker 5: You're, you're doing, you're doing such incredible work and usually when I start my my episodes, I always start with just honoring my guests from from a real perspective.
• 28:37
  Speaker 5: I think people know that you're here because I genuinely respect what you do and also they know that I stalk and follow you and use your tips wherever I can as well.
• 28:47
  Speaker 5: But I want to find out, you know from you, like what's the mark that you want to leave and how can we as a community help you to Get there?
• 28:55
  Speaker 5: I think we're all gonna get there together.
• 28:57
  Speaker 5: So you know what's the mark you want to leave and how can we, how can we help?
• 29:01
  Speaker 5: So I'll throw it to Sam first, and maybe the same order.
• 29:05
  Speaker 5: With Sam, there was Derek, and then we do Hassan and then we'll do Romy.
• 29:10
  Speaker 4: Well, thank you for that question, shelly.
• 29:13
  Speaker 4: You know, I guess it's been about 25 years ago.
• 29:17
  Speaker 4: I was at a transition point in life and I was asking myself what am I going to do going forward and how can I make a contribution?
• 29:26
  Speaker 4: And for me that was mainly what it was about Not necessarily making a mark, but you know, as you grow older, you do think about.
• 29:34
  Speaker 4: You know what are you gonna leave behind this, that and the other other Thing.
• 29:39
  Speaker 4: And so I thought the one area I might be able to make a Contribution was in this area of Financial, what people call financial literacy or education, and basically taking on the challenge of trying to make it easier for Parents in particular, but teachers, trainers, community leaders To talk to and engage kids about money very early In their life.
• 30:09
  Speaker 4: Let me just say, if I was going back, I'm not sure I would do that again, but at the time I was feeling very inspired and, I think, even empowered, and I thought you know what I Grew up.
• 30:23
  Speaker 4: I think I shared this with you, shelly, and what I like to describe is upper poverty.
• 30:27
  Speaker 4: I mean, maybe we had food to eat, a place to sleep and and let me just say, basic clothing Branding was.
• 30:37
  Speaker 4: You know, was out there, but not like it is today.
• 30:40
  Speaker 4: We might be in the glory, glory time of branding, but I just felt so as an adult, looking back and reflecting on this experience where we didn't have, you know, what people now called discretionary Income.
• 30:54
  Speaker 4: I think that's even a questionable idea, particularly when I see all these young kids eating a flaming hot Cheetos and and what but and so but.
• 31:05
  Speaker 4: One of the things my father did Primarily was talk to us about some of the things everybody's pointed out here.
• 31:13
  Speaker 4: Son just said something about the power of education, and so he started talking to us.
• 31:18
  Speaker 4: Sharing with the idea is that you know what, if, if you work hard and you learn, become a lifelong learner, you can get whatever you want.
• 31:28
  Speaker 4: And for some reason that was a bit.
• 31:30
  Speaker 4: You can't get it now because we're not gonna give it to you.
• 31:32
  Speaker 4: But if you work for it and earn it, there aren't any really limits to what you can do.
• 31:41
  Speaker 4: And he might follow it up with a question like are you willing to work for what you want?
• 31:46
  Speaker 4: And you know, for some reason that really resonated with me and what I'm really happy to say is one of the pieces of Advice a son also gave.
• 31:56
  Speaker 4: That, I think, was another gold-carat gem.
• 31:59
  Speaker 4: Something I did in my first professional job at 21 is what?
• 32:03
  Speaker 4: It's?
• 32:03
  Speaker 4: Two things one, as I started paying myself first and we had a little bit of automated Savings and investing there, where they would take money out of your Paycheck so it wouldn't be in your hands, which is it was a good thing for me, I think, probably good thing for most people and so it started accumulating and then I did exactly what a son Said is is, when I got a raise, the first thing I did was I took a portion of that raise and bumped up, built up my saving and investment program, and I did allocate a little bit more for increasing my living and spending that type of a thing, but I prioritized the saving, investment, wealth building what I thought of as freedom accounts.
• 32:55
  Speaker 4: That works okay, it takes time, it builds up, that's solid.
• 33:00
  Speaker 4: I just want to go back and say one final thing, and this is regarding the military community.
• 33:04
  Speaker 4: The military community, obviously, we're very big on planning and strategizing, and so if you're changing careers, you want to make sure you have a plan and a strategy that's going to serve you well in every area of life, including managing your money.
• 33:21
  Speaker 4: So, samyrabbitcom, the work we're doing in financial literacy education, that's the mark I want to leave.
• 33:29
  Speaker 5: Wow, that is so powerful.
• 33:30
  Speaker 5: There's so many nuggets there.
• 33:31
  Speaker 5: I feel like I'm going to have to go back and just pull them apart.
• 33:36
  Speaker 5: And you're right, there was a lot of things that Hassan shared that are just gold mine.
• 33:40
  Speaker 5: So I appreciate you sharing that Over you.
• 33:43
  Speaker 5: Derek, what do you got to say?
• 33:45
  Speaker 2: So for me, as far as leaving my mark, I was inspired to create seedling during my time in the classroom with my students.
• 33:54
  Speaker 2: Unfortunately, a lot of them were homeless.
• 33:57
  Speaker 2: Some of them, the only meal they were going to receive was the meal from school.
• 34:00
  Speaker 2: But I really felt like their parents needed financial education so they can make better decisions, so that they can provide a better life for their students.
• 34:09
  Speaker 2: But the parents weren't getting it, the students weren't getting it at school, and I could.
• 34:15
  Speaker 2: I felt like I should do something about this instead of just waiting on the sidelines for someone else to fix this problem.
• 34:20
  Speaker 2: I started introducing financial literacy in my classroom to my students, and so that's how I was inspired to come up with my idea of to create my app and then putting together the lessons for the students, the teachers in the classroom, and being able to leave my mark there and hopefully, as more and more states are making a mandatory for financial literacy to be required for students to graduate and seeing that grow.
• 34:44
  Speaker 2: I believe we're at 22 states right now and hopefully all the states are going to have it within the next few years so that we can, at least for the students that aren't going to get it from their parents that we have that backup plan in school, whether they're at least exposed to us that we can start to change their mindset about money.
• 35:02
  Speaker 2: I like to say, with our program we aren't going to make you a millionaire overnight, but we will change your mindset.
• 35:07
  Speaker 2: We are going to make sure that you start to think about the way you spend, the way you save, the way you invest and for a lot of the students that I work with, they are scared to even think about investing or anything like that, because they thought that's something that only rich people do.
• 35:22
  Speaker 2: No, you can start with a little bit and continue to grow from there.
• 35:26
  Speaker 2: Like Cassane said, start with your 50 and then your 200 when you get that raise or that perfect job that you've been looking for.
• 35:33
  Speaker 2: So that's where I want to leave my mark, with educators in the classroom and making sure that the students have what they need if they're not going to be able to get it from anywhere else.
• 35:43
  Speaker 5: Wow, thank you for that.
• 35:44
  Speaker 5: All right, how about you?
• 35:45
  Speaker 5: Hassan?
• 35:46
  Speaker 3: Yes, yes.
• 35:47
  Speaker 3: So I actually started FYI Fly in college three years ago, went from college to COVID that's a little plug for my book.
• 35:56
  Speaker 3: Yes, yes, from college to COVID.
• 35:59
  Speaker 3: But, like I said, when I was in college, I really it was actually two reasons.
• 36:04
  Speaker 3: One I looked around.
• 36:06
  Speaker 3: You know, I was a business management major with a minor in accounting and marketing, so I felt that I had above average financial intelligence.
• 36:14
  Speaker 3: But I thought about I'm like, what about the chemistry major?
• 36:17
  Speaker 3: What about the art major?
• 36:18
  Speaker 3: What about the communication major?
• 36:20
  Speaker 3: They're not having to take any of the you know financial, you know business, math classes that I had to take.
• 36:26
  Speaker 3: So if they're graduating, you know college, they're graduating not understanding how to be a successful adult, because everything that we do revolves around what's behind me and if you're on this audio podcast, I have a money background.
• 36:42
  Speaker 1: So everything that we do is revolving around finances.
• 36:45
  Speaker 3: So those college students, if my peers are graduating without that information, they're lacking.
• 36:51
  Speaker 3: And then also in the minority communities.
• 36:54
  Speaker 3: You know we're natural born hustlers, we're going to get this, you won't get this money.
• 36:58
  Speaker 3: But the I found the problem was is that we didn't have the education on how to manage that money, on how to grow that money.
• 37:07
  Speaker 3: So I recognized those two, those two problems, and that's why I started my company, fyi Fly.
• 37:14
  Speaker 3: So my biggest goal with my company is to make impact, make income and have fun while doing it.
• 37:21
  Speaker 3: That's that's what I want to do.
• 37:23
  Speaker 3: I want to do that through my books, through speaking.
• 37:27
  Speaker 3: I want to be the black Tony Robbins.
• 37:29
  Speaker 3: That's who I would, that's who my Bob calls me, but that's that's what I want to do.
• 37:35
  Speaker 3: I want to make you know international impact.
• 37:39
  Speaker 3: I want to engage with people.
• 37:40
  Speaker 3: I love talking.
• 37:41
  Speaker 3: I love seeing the progression of you know, from the first class or from the beginning of the class to the end of the class that I'm teaching.
• 37:48
  Speaker 3: I love seeing progression.
• 37:50
  Speaker 3: So that's where I want to leave.
• 37:52
  Speaker 3: I want to make impact, I want to make income and I want to have fun.
• 37:59
  Speaker 5: You do, you make it, you make it, you make it easy to learn, which is why you know again, for those of y'all, all of my guests are on social media and if you can't find them, like I said, you can find me and I'll find them for you.
• 38:09
  Speaker 5: And the information, the tips, the guidance, the free information that they share, y'all need to.
• 38:15
  Speaker 5: Y'all need to go ahead and get that, but pay for their services.
• 38:19
  Speaker 5: Okay, so what about you?
• 38:22
  Speaker 5: Rumi?
• 38:22
  Speaker 1: Yes, so the legacy that I am leaving is empowerment for financial freedom.
• 38:30
  Speaker 1: The gentleman on today's panel mentioned one key word that I believe so many of us have so much work to do, and that's with our mental capacity.
• 38:43
  Speaker 1: A lot of times, if you didn't come from wealth, like Sam mentioned, or like Derek mentioned, if you are someone who's seen poverty or experienced poverty, you believe that financial freedom is off limits to you.
• 38:57
  Speaker 1: And it's not, like Sam mentioned, if you work for it, you can attain anything that you want in this lifetime.
• 39:05
  Speaker 1: And so my legacy is empowerment for financial freedom, and that's through saving, that's through investing and also addressing debt, because a lot of times in our community we are racking up so much debt whether it's student loan debt, personal debt and we have a solution for it.
• 39:27
  Speaker 1: So my goal is our community address all of those items to achieve financial freedom, because it's accessible to each and every one of us.
• 39:41
  Speaker 5: You know, there's another point to be made.
• 39:43
  Speaker 5: Even for those who come from money and that out that's me, y'all Okay you still have to learn how to manage it because you will lose it.
• 39:51
  Speaker 5: That's also me, just to be honest.
• 39:53
  Speaker 5: So it's not just for the folks who have come from a poverty background or near poverty or close to poverty nothing you can have that money and you can lose it very, very quickly, very, very quickly if you don't understand how to actually manage and budget and kind of stay beneath your actual means.
• 40:16
  Speaker 5: So I just want that out there, because I know there's family members of mine that I need y'all to see what's happening for real.
• 40:22
  Speaker 5: I need y'all to read the tea leaves and hear what she's saying and what I'm saying.
• 40:28
  Speaker 4: Well, sheldia, the reality is, there are challenges at every level and that's often something.
• 40:35
  Speaker 4: I'm happy to hear you share this, because that's something that often is overlooked.
• 40:42
  Speaker 4: But I will say you know, when you, I guess we're all to some extent trying to move up.
• 40:47
  Speaker 4: I mean, even Jeff Bezos and Elon Musk are trying to move up, but this, I'll call it a seed.
• 40:59
  Speaker 4: I've lost count of how many schools I've been in, and most of them have been in low income areas.
• 41:06
  Speaker 4: But just planting this idea that you can save or you can be wealthy, and we would tell kids all the time look, I don't know what's in your head and heart, so I don't know what's possible for you.
• 41:18
  Speaker 4: I think anything is, but many times they're either not getting that message, not only at home, as Derek said, but even not in the school.
• 41:29
  Speaker 4: So I think you know.
• 41:32
  Speaker 4: To start with, it's like a recipe If you're going to cook chicken soup, you have to have chicken, and so you need to at least understand what the rules you know I'm calling them rules are like saving, asset building.
• 41:51
  Speaker 4: You do everything you can, it isn't easy, but to spend less than you earn.
• 41:56
  Speaker 4: So if you start off with that idea and you're working for something that is important to you, then you may be more likely to make the choices, sacrifices, however you want to put it, to reach whatever you're aspiring towards.
• 42:15
  Speaker 3: And please, just to double down on that please don't wait until you hit rock bottom to make a change.
• 42:23
  Speaker 3: Yes, please, please, please don't wait.
• 42:26
  Speaker 3: You know a lot of us and I was interviewing this guy he was like finances is the same thing as weight loss.
• 42:31
  Speaker 3: You know, let's not wait into a serious heart attack or something you know of that nature to start losing weight and make better choices.
• 42:39
  Speaker 3: Let's kind of be preventative, take those small steps, because it is hard.
• 42:44
  Speaker 3: You know we're not going to start from spending $400 eating out to zero.
• 42:49
  Speaker 3: Let's not try to do that.
• 42:51
  Speaker 3: Let's not act like we're all, because I know I wouldn't.
• 42:53
  Speaker 3: You're right.
• 42:54
  Speaker 3: Let's start, you know, small incremental habits.
• 42:58
  Speaker 3: Add those into your daily life and then watch those habits grow over time.
• 43:03
  Speaker 3: So that's what I want to leave people with is like let's not wait until rock bottom, let's not wait until the worst thing that happens for us to start making some of these, you know, smart changes that can really benefit our lives.
• 43:17
  Speaker 5: Wow, that is.
• 43:18
  Speaker 5: You know, that is so amazing and right on point and I am so grateful for y'all.
• 43:23
  Speaker 5: We're going to hang out in the back for a few minutes before we tell these folks have a good night and all that, but I just, again, I just wanted to say thank you so much for doing this.
• 43:32
  Speaker 5: I realize that you are, you know, sharing your time and your talent and your expertise and your guidance, and I am grateful because I do think that there's a lot of us that really need this information.
• 43:44
  Speaker 5: It's hard to understand it and so just knowing that there are businesses and companies and leaders and experts like yourself that we can, you know, we can work with this is just going to help a lot of people.
• 43:56
  Speaker 5: So, for everybody who's watching, again, if you're watching the video, the video is flawless.
• 44:02
  Speaker 5: I'm for a deck to beat by way, so they have seen no glitch.
• 44:06
  Speaker 5: So hello y'all and thank you.
• 44:08
  Speaker 5: But for everybody else that's watching, the audio version will be live later this week so you'll be able to go back.
• 44:14
  Speaker 5: I really recommend that, you know.
• 44:16
  Speaker 5: Even if you watch this, you know, and share it with your family members, you know, listen to the podcast because there's a lot of really good tips that you know will help you, especially if you're a teacher, your administrators or your parents.
• 44:28
  Speaker 5: If you're a parent and you know teachers who are looking for another curriculum to share with your kids, especially teen parents, and you know we're broke because we're paying for a lot of stuff, these are the experts that you need to, you know, connect with and work with and, again, huge supporter of the Seeding app.
• 44:47
  Speaker 5: So I'm going to try to see if this outro works.
• 44:50
  Speaker 5: If it don't, y'all just hang out with me.
• 44:52
  Speaker 5: But I just want to say a huge shout out Thank you.
• 44:54
  Speaker 5: And also thank you to the Dumping Ground podcast.
• 44:57
  Speaker 5: I didn't catch all the comments.
• 44:59
  Speaker 5: That's another podcast that they're national and they kind of pick up our show as well.
• 45:04
  Speaker 5: So thank you to the Dumping Ground podcast for showing up and, you know, supporting all of our guests.
• 45:11
  Speaker 5: We appreciate all the help y'all.
• 45:13
  Speaker 5: Y'all were amazing and just bear with me while we tell these people deuces.
• 45:16
  Speaker 5: Thank you for watching.