Back to episode — Episode 3052 CWSA 12/24/25
Context —
ngevity? Well, maybe. I think that's entirely possible. But how do you rule out the more obvious possibility? Correct me if I'm wrong, but are not healthy people doing more of everything? So if you had great health and great vitality and great energy, wouldn't you do literally more of everything compared to people who are not healthy? So I can see why healthy people would volunteer more. They'd j…
← Previous segment →not millions.
Now I've been seeing a lot of that online. Adam Toussaint's been talking about it, for example. I talk about it a little bit. But the big benefit here is not just that it creates wealth for the children 18 years later, which would be enough. I mean, if that were the only benefit, it would be worth it. But it teaches the kids the importance of money. But it also gives them sort of a framework for how you manage it and would make them less, let's say, less intimidated by the financial world. Because it turns out that just having an account on Charles Schwab and buying and selling some stocks, you could pretty much teach them some someone they needed to know in one hour and then reinforce it by activity.
So I've heard Black Americans complain, rightfully so, that if they don't grow up in a family where somebody can teach them how to manage money, how are you goi
Context —
ng to work it out on your own? I mean, you're just going to work that out on your own is not really something anybody can do. But if your parents gave you just a little bit of exposure to managing money, such as having a custodial account, you would be less intimidated. And even those things you didn't know how to do, it wouldn't scare you to go figure out how to do them. Does that make sense? So…
Next segment → →