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Speaker 1: And we're back with another episode of Cutting the Distance podcast.

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Speaker 1: I'm Dirk Durham and this week's guest is somebody I've

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Speaker 1: got to know over the last few years and really

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Speaker 1: enjoy his company. The first time I met this guy,

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Speaker 1: he kept tagging me on Instagram with these ridiculous videos.

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Speaker 1: There's these freaking weird redneck videos. He'd kept on tagging

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Speaker 1: me and sending me in my dms. He was sliding

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Speaker 1: into my DMS with these ridiculous damn redneck videos. I'm like,

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Speaker 1: who the hell is this crazy bastard. He's like weird

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Speaker 1: as can be. Like I thought, Man, this guy is

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Speaker 1: redneck as they come. And then fast forward quite a

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Speaker 1: while before I actually got to meet you and get

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Speaker 1: to know you, and he's not quite as redneck as

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Speaker 1: he seemed in his posts and his things he sent me. So,

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Speaker 1: uh my good buddy, Jeff bid him, welcome to the show.

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Speaker 2: Thank you. It's good. Good to see you, Derek. I

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Speaker 2: miss you, man. It's you know, it's been a minute

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Speaker 2: since we've gotten some FaceTime in together. And you know,

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Speaker 2: we we've traveled all across the country together. We've definitely

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Speaker 2: had a few moments, if you will and so I

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Speaker 2: missed some of those days, but it's good to see you.

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Speaker 1: Yeah, I mean we we spent like, I don't know,

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Speaker 1: six or seven weekends in a row for like four

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Speaker 1: years together. We went to these elkshamp elk shaped camps,

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Speaker 1: and I got to teach folks how to call elk

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Speaker 1: and and how to hunt elk and and Jeff he

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Speaker 1: put in his two cents there too, But he also

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Speaker 1: tried to tell people how to be a better with

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Speaker 1: their money. I guess you could say kind of life

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Speaker 1: kind of a life coach if you will.

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Speaker 2: Yeah, it's it's funny how much money impacts your life.

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Speaker 2: And uh and and so it's you know, the Olk

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Speaker 2: shape camps. Uh I still happening, kind of a new

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Speaker 2: version of them, and and uh excited for that. But

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Speaker 2: you know, that was a lot of trial and error

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Speaker 2: on how those went. And we had some amazing experiences,

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Speaker 2: got to meet tons of great people. Uh. Some of

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Speaker 2: my fondest memories. I don't miss some of those early

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Speaker 2: morning Texas drives. You know where We're running across the

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Speaker 2: state of Texas at three am, and I think all

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Speaker 2: of us have had too much dairy. Uh. You know

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Speaker 2: that cramped in a small car. It wasn't good, but

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Speaker 2: it's a lot of fun memories.

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Speaker 1: Yeah, those we had some good times. Good times you

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Speaker 1: weren't kind of you know, I will say, you're such

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Speaker 1: a good sport. You're always kind of the butt of

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Speaker 1: the butt of a joke of some kind. Full disclosure,

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Speaker 1: Jeff is a ginger. He is a redheaded fella, and

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Speaker 1: we take full advantage of that. You know, his own

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Speaker 1: his own humility, he will he will jump right on

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Speaker 1: that bandwagon too and just take the shots and kind

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Speaker 1: of add a little bit to it for us.

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Speaker 2: So, yeah, you know, I believe I'm gonna go to heaven,

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Speaker 2: but I'm not sure how that's gonna work as a

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Speaker 2: solace ginger. So we'll figure it out when we get there.

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Speaker 1: So, yeah, you have to work really hard and find

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Speaker 1: a soul before it's before your time comes for Saint

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Speaker 1: calls your name. Well, hey, Matt, we haven't got to

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Speaker 1: talk much about ELK season twenty twenty four. How'd you do?

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Speaker 1: Did you do? Did you slay the beast or did

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Speaker 1: the beast lay you?

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Speaker 2: Boy? It's a twenty twenty four felt like a failure

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Speaker 2: to me until I got beyond it and looked back

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Speaker 2: and I did not kill an elk in twenty twenty four.

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Speaker 2: And I am I am not near as good of

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Speaker 2: el kunture as the people that I often get to

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Speaker 2: hang out with, yourself included, but I can get I

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Speaker 2: get the job done most years, and I got my

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Speaker 2: buckcacked this year. But it was I think my season.

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Speaker 2: The highlight of my season actually has nothing to do

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Speaker 2: with elk hunting, you know. I I for those of

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Speaker 2: you that are parents, have two kids and daughters, want

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Speaker 2: to get done with this podcast. She's in driver's ed

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Speaker 2: fourteen years old and I gotta go take her driving

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Speaker 2: after this. Yeah, I know it's scary. My son is eleven,

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Speaker 2: gonna be twelve here soon. And I've always tried to

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Speaker 2: be involved in as much as possible in their worlds.

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Speaker 2: And I'd coached their spring baseball season and it was amazing, phenomenal,

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Speaker 2: awesome experience. You know, it was really good for me

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Speaker 2: and my son. There were some challenging moments. I think

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Speaker 2: we both cried probably at several points throughout the season,

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Speaker 2: and you know, I like there were several times where

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Speaker 2: I had to come to him and apologize because I'm like,

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Speaker 2: oh my coaching sucked there, especially as a father. And

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Speaker 2: and so when it got to the fall, we signed

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Speaker 2: up for football and I show up to football practice

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Speaker 2: the first day to drop him off, and it's all

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Speaker 2: the coaches from baseball and they're they're looking at me

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Speaker 2: and they're like, dude, what are you doing. I'm like,

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Speaker 2: what do you mean? You're good with these boys? Why

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Speaker 2: are you not out here? And they they pressured me

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Speaker 2: into signing up to be an assistant coach on his

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Speaker 2: sixth grade football team. And I played football in high school,

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Speaker 2: but not a lot of experience since then other than

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Speaker 2: being a football fan. And it you know, there was

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Speaker 2: thirty two boys on that team, and we went this

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Speaker 2: is our third season, so last two seasons. They went

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Speaker 2: undefeated season before that, and so they've lost one game

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Speaker 2: in three seasons. And so it was, uh, it was

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Speaker 2: five days a week, games on Saturday, and all the

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Speaker 2: way through September and most of October. And so I

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Speaker 2: committed to that, and it was a massive sacrifice for

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Speaker 2: my ELK season. I had Idaho tags, I had Montana tags.

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Speaker 2: I had all this ambition on what I was going

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Speaker 2: to do, and the truth is I probably spent less

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Speaker 2: time elk hunting in twenty twenty four than I have

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Speaker 2: any year in the last probably ten. And if I

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Speaker 2: get the opportunity to coach his football again that time

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Speaker 2: with my son being able to build that depth of

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Speaker 2: relationship with him and work with him in that way,

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Speaker 2: I will trade that for an elk every single year.

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Speaker 1: Yeah, well, congrats, good job, dad, because that's you can't

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Speaker 1: get those years back, right, you know you've got way

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Speaker 1: more elk hunting years in front of you than you

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Speaker 1: got time with your kids at home. So good job,

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Speaker 1: good job.

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Speaker 2: I will say that that's the frustration of the season.

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Speaker 2: BJ my right hand, BJ Cable amazing dude. Loved the

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Speaker 2: guy killed his first bowl this year, his first elk

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Speaker 2: went out there, did it solo, did it the right

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Speaker 2: way North Idaho. I mean, you know what this area

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Speaker 2: is like, Dirk. You know how hard it is to

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Speaker 2: get into elkap here, especially after they're decimated by wolves.

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Speaker 2: But M and I were out a couple of times

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Speaker 2: and the one day, I think it was the nineteenth

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Speaker 2: September nineteenth, we get into a drainage and there were

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Speaker 2: six bowls bugling, and I mean it was it was

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Speaker 2: awesome and worked one bowl, got busted, headed for the

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Speaker 2: next bowl. He was he was kind of headed to

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Speaker 2: the bedroom, probably in his bedroom, and we kept him talking,

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Speaker 2: kept him talking. We're working through and brush. We're about

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Speaker 2: two hundred yards out and I'm just these tag alders

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Speaker 2: and spruce trees everywhere. You're just climbing through this North

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Speaker 2: Idaho br USh, trying to get within, get close, and

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Speaker 2: a blue spruce branch came and swung and whacked me

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Speaker 2: straight across my eyeballs and it ended up like I

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Speaker 2: couldn't open my eyes for probably a solid hour. Finally

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Speaker 2: we were able to pry my eyes open. We looked

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Speaker 2: in my one hole eye was solid a shot and

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Speaker 2: go to the trauma center. You know. BJ had to

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Speaker 2: hold my hand out of the woods. Yeah, it was.

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Speaker 2: If you would have stumbled on us in that moment,

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Speaker 2: you would have had some questions on what was going

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Speaker 2: on in the North Idaho woods. Crying with tears in

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Speaker 2: my eyes and BJ's holding my hand.

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Speaker 1: Oh is this a proposal?

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Speaker 2: Yeah, but dang it, no it was. It was a

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Speaker 2: good season and my freezers, I'm down to sixty pounds

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Speaker 2: of elk meat, so I'm taking elk donations. If anybody's

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Speaker 2: needs some freezer space. Uh, no at all. Honestly, I

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Speaker 2: think I'm going to go try to kill a buffalo

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Speaker 2: here pretty soon stock up the freezer.

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Speaker 1: So nice. Nice, So, Jeff, I kind of touched on

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Speaker 1: it lightly that you kind of talked a little bit

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Speaker 1: about people's financial decisions and whatnot. The elk shaped camps. Uh,

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Speaker 1: tell the tell the listeners what you do for a

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Speaker 1: living well.

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Speaker 2: I am a financial advisor of financial planning. I'm the

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Speaker 2: founder of a kind of a boutique firm, Financial Fitters Group,

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Speaker 2: that I started in twenty fifteen. And so I am.

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Speaker 2: You know, I started this practice, this firm with the

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Speaker 2: intention of changing the hunting industry. And you know, I

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Speaker 2: fast forward to today. I had no idea how this

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Speaker 2: was going to go. As a matter of fact, most

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Speaker 2: people told me it would not. Most people said that

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Speaker 2: demographics of hunters does not make sense to work and

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Speaker 2: as a financial advisor, and I says, well, I'm either

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Speaker 2: going to do this or I'll get out of the

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Speaker 2: industry and go do something honest, like build houses or whatever.

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Speaker 2: I don't know, but so I started Financial Offerers Group

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Speaker 2: beginn at twenty fifteen, and you know, you fast forward

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Speaker 2: to today. I get to help all kinds of amazing

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Speaker 2: people across the country thinks through everyday life decisions, how

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Speaker 2: to buy cars, retirement insurances, send kids to college, start businesses,

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Speaker 2: invest in real estate. You know, I just I get

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Speaker 2: you know you kind of said life coach. The reality

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Speaker 2: is a lot of what I do is life coaching

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Speaker 2: and helping people navigate the financial side of decision making

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Speaker 2: is just the reward of that is something I never

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Speaker 2: imagined I'd be able to be in a position to receive.

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Speaker 2: It's been phenomenal watching people create businesses and do all

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Speaker 2: kinds of amazing things in their life.

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Speaker 1: Yeah. Yeah, I kind of like I kind of compare

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Speaker 1: you this for say, you're kind of like a doctor, right,

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Speaker 1: Doctors kind of give you advice you never want to hear. Hey,

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Speaker 1: don't don't eat those donuts, don't drink those beers, don't

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Speaker 1: don't don't do eat celery, do do more setups. And

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Speaker 1: I feel like you kind of have that kind of

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Speaker 1: advice too. It's like, hey, don't can Hey Jeff, what

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Speaker 1: do you think I'm gonna go buy a twenty twenty

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Speaker 1: four Duramax And you're like, no, you can do whatever

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Speaker 1: you want, but no, don't do that. I feel like

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Speaker 1: you have you're kind of that same kind of person,

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Speaker 1: you know, you're trying to keep people's finances healthy.

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Speaker 2: Yeah, well, I think you know. The way society has

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Speaker 2: taught people to make financial decisions is often backwards, you know.

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Speaker 2: It's it's kind of the shoe first, aim later approach

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Speaker 2: to financial decision making, and a lot of what we

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Speaker 2: hear often told always do this, you know, And there's

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Speaker 2: all these financial I'm gonna air quote financial entertainers, and

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Speaker 2: they give out this blanket advice that people accept wholesale,

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Speaker 2: and they buy into these myths, these financial myths, and

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Speaker 2: they don't find out that they're on a path that

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Speaker 2: they don't want to be in until five, ten, twenty

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Speaker 2: years down the raided twenty years later, when they've created

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Speaker 2: some sort of unintended consequence in their life. So a

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Speaker 2: lot of my role, in my relationship, in my client's

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Speaker 2: lives is helping them look at these different paths they

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Speaker 2: could take so they can make whatever decision is right

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Speaker 2: for their family and they don't wake up somewhere they

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Speaker 2: don't want to be.

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Speaker 1: Right now, you talked about what we're kind of taught

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Speaker 1: from a long time ago, like you know, do this

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Speaker 1: with your money, don't do that with your money, and

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Speaker 1: and over the time and listen to you you speak

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Speaker 1: at these different venues. It's really made me think, like, wow,

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Speaker 1: I've got to rethink things a little bit from what

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Speaker 1: I was taught and it really kind of makes sense.

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Speaker 1: But let's rewind a little bit, do you You you

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Speaker 1: always give an impactful speech at ELK shape camps and

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Speaker 1: kind of told about where you came from and how

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Speaker 1: you got to where you are today, and it always

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Speaker 1: like really sunk into me. Is like it was kind

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Speaker 1: of a vulnerable speech too, so I always really enjoyed it.

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Speaker 1: Can you can you give that?

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Speaker 2: Yeah? Yeah? Let me How I even ended up in

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Speaker 2: this role? It's, uh, you know, it's a story that

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Speaker 2: on paper looks like a lot of failure, but in

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Speaker 2: reality it's you know, you could have given me a

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Speaker 2: blank sheet of paper and I never could have drawn

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Speaker 2: out this this life that I get to live now.

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Speaker 2: And so I mean, I I grew up in a

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Speaker 2: poda little farmtown with more dairy cows than people, grew

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Speaker 2: up in a very poor household, broken household. You know,

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Speaker 2: I went my mom went through several step dads that

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Speaker 2: you know, I was the classic Ginger if you will,

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Speaker 2: you know, a redheaded step child. And you know, by

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Speaker 2: the time I got to high school, I was not

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Speaker 2: on a very good path in life. And you know,

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Speaker 2: this was early nineties, and I sat down with my

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Speaker 2: high school counselor and they told me I didn't need

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Speaker 2: to worry about taking a second language because I'd never

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Speaker 2: go to college. And so I kind of just wrote

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Speaker 2: off the traditional approach that we were all told to

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Speaker 2: take at that time in life and got out of school.

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Speaker 2: The good news of growing up so poor as I

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Speaker 2: learned how to work really hard if I wanted something.

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Speaker 2: So I got into the construction industry, started working my

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Speaker 2: way up through the construction trades, and I ended up

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Speaker 2: going on a vacation in Seattle, met my wife, and

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Speaker 2: then I never came home. I said, Hey, I'm staying here,

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Speaker 2: like in work construction here and yeah, and I started

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Speaker 2: my own construction company. At twenty five. My wife graduated

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Speaker 2: from SPU the degree in interior design. She started her

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Speaker 2: own here, her own interior design practice, and we were

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Speaker 2: making a lot of money, more money than our families

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Speaker 2: had ever made. This was kind of the heyday of

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Speaker 2: the real estate market pre two thousand and eight, and

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Speaker 2: we got we decided that we wanted to be smart

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Speaker 2: with money, so we went out and got a couple

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Speaker 2: of financial advisors, and most of their advice revolved around

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Speaker 2: real estate, which makes sense because it was an insurance

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Speaker 2: salesman and a mortgage broker that we're our financial advisors,

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Speaker 2: and so they had us take out a million dollars

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Speaker 2: in debt in two thousand and seven, and they told

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Speaker 2: us that we'll never lose if we do this, And

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Speaker 2: we bought investment properties in Seattle in two thousand and

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Speaker 2: seven and woke up about a year later in the

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Speaker 2: middle of two thousand and eight where all of our income, assets,

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Speaker 2: my abilities, cash flow, like everything in our life was

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Speaker 2: tied to the real estate market, and we lost everything

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Speaker 2: we owned, had to go through bankruptcy, ended up moving

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Speaker 2: into my in law's basement with my nine month old

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Speaker 2: baby girl, my daughter, and that sucked. That that was

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Speaker 2: not fun. Don't don't move into your in law's basement,

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Speaker 2: that's all. That's not a place you want to find

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Speaker 2: yourself in life. And so you know, at twenty eight,

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Speaker 2: that's what I was when that while that happened, I

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Speaker 2: made it my mission to make sure that this was

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Speaker 2: never going to happen again to me in my life.

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Speaker 2: And so I started going to the different financial institutions

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Speaker 2: out there, all of the ones that people see on

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Speaker 2: every street corner, you know, and all over the place,

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Speaker 2: and I heard a lot of the same thing. It

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Speaker 2: give us this much money, we'll get you this much

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Speaker 2: rate of return, and here's where you're going to be

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Speaker 2: in thirty years. And and to me, I knew I'd

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Speaker 2: already heard this. This is that it was not financial planning.

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Speaker 2: That was just a sales pitch. And through that process,

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Speaker 2: I realized that the financial services industry, and this is

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Speaker 2: whether we were talking about investment advice or insurance planning,

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Speaker 2: or benefits from an employer, or taxes or mortgage real estate,

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Speaker 2: like all of these different products or services that we

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Speaker 2: need in our lives are all being provided to us

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Speaker 2: through a sales process, and no one has taken the

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Speaker 2: time to say, let's make sure that all of this

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Speaker 2: fits together so that you don't wake up somewhere like

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Speaker 2: how I woke up in two thousand and eight and

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Speaker 2: I realized had someone helped me make decisions different than

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Speaker 2: I did it. Had someone looked out for my best interest,

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Speaker 2: I would have never made the decisions I had. I

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Speaker 2: would have never taken out a million dollars. I had

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Speaker 2: no business whatsoever taken out that type of debt in

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Speaker 2: two thousand and seven. I didn't have the right liquidity,

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Speaker 2: I didn't have good protection, Like I was essentially kind

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Speaker 2: of a wreck, just making a ton of money, and

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Speaker 2: so I saw an opportunity to go help people avoid

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Speaker 2: making the mistakes I made. So I took off the

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Speaker 2: car hearts and put on a suit and tie, which

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Speaker 2: you know, fast forward to twenty fifteen, I ended up

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Speaker 2: moving my family to Texas. God bless Texas. I love Texas.

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Speaker 2: They just don't have much public lands or all hunting there, unfortunately.

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Speaker 2: But it was down in Texas, and it was still

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Speaker 2: it was still suit and tie sales goals, and you know,

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Speaker 2: I just and I just I was fed up with it.

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Speaker 2: I was fed up with this world and the pressure

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Speaker 2: that this industry puts on most advisors to perform. And

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Speaker 2: I was going to leave the industry. And that's when

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Speaker 2: I I can't remember what book I was reading, but

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Speaker 2: you know, one of these inspirational books to pursue your

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Speaker 2: dreams and all that stuff. And I was like, I'm

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Speaker 2: gonna go work in the hunting industry. And that's why

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Speaker 2: I quickly realized I wouldn't be able to provide for

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Speaker 2: my family if I did. It's you don't get into

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Speaker 2: the hunting industry to to to make a ton of money.

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Speaker 2: Like that's that's the reality. It is a modest life.

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Speaker 2: But for me, what I saw there was people. I

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Speaker 2: saw people that were similar to me. I saw people

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Speaker 2: that were salt of the earth, that were blue collar,

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Speaker 2: that had a what I would say is a natural

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Speaker 2: distrust for the financial services world. And I thought, you know,

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Speaker 2: if if there was one group of people that I

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Speaker 2: could go out and help succeed in life, these were

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Speaker 2: my people. And so I sat down with my firm

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Speaker 2: that I was with then and I told them that.

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Speaker 2: And that's when they're like, yeah, you're gonna fail, You'll

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Speaker 2: be out of the industry. There's not enough money in it,

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Speaker 2: blah blah blah. It's as well, I'm gonna do this

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Speaker 2: my way or not. And uh, you know here we

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Speaker 2: are today.

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Speaker 1: Yeah, well, I think you've been doing a good job.

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Speaker 1: And I think You've helped a lot of people, including me,

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Speaker 1: and uh, you know, I think you're living the dream.

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Speaker 2: Well, uh what you what's publicly you see there there.

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Speaker 2: I still have challenges myself, you know, we all do.

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Speaker 2: I got a I got a gut kick last week.

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Speaker 2: It was, you know, being business for yourself, especially as

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Speaker 2: a financial advisor's hard. And you know I'm an all transparency.

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Speaker 2: I had a I had some message me that they

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Speaker 2: didn't have a good experience in planning, and for me,

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Speaker 2: it crushed me. It still hurts, like I you know,

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Speaker 2: I almost postponed this podcast because it's torn me up

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Speaker 2: so bad. And it wasn't that they didn't like my advice.

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Speaker 2: It was that their experience was bad. And so and

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Speaker 2: I'm analyzing that, I'm looking at that. I'm always trying

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Speaker 2: to grow and figure out, Okay, how do I have

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Speaker 2: the most impact inside of people's lives. And you know,

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Speaker 2: thankfullest person as a friend and you know help helping me.

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Speaker 2: See so, I'm still growing and evolving. Our firm is

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Speaker 2: still growing and evolving. We've got some exciting things happening

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Speaker 2: that that we're gonna be able to support clients. But yeah,

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Speaker 2: it's been it's been a constant uh climb, uphill, steep

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Speaker 2: grade and a yah, NonStop. Lakes are burning.

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Speaker 1: So yeah, I think that's a common thing with entrepreneurs, right,

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Speaker 1: It's you just about the time you think I can

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Speaker 1: take a deep breath and it's like, oh what about this,

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Speaker 1: and it's like it's a grind. I haven't. I know

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Speaker 1: a lot of entrepreneurs and I just don't know any

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Speaker 1: of them that have you know, every days of ten,

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Speaker 1: right you know. Yeah, it's it's a lot of hard

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Speaker 1: work and dedication and late nights and grind. So yeah,

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Speaker 1: now you well, I'm a circle back here. You mentioned real.

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Speaker 1: I mean you just dropped the subtle hint early in

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Speaker 1: the conversation. You said, Montana ELK tag. Yeah, must be nice. Yeah, yeah,

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Speaker 1: it must be nice to get one of those tags.

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Speaker 1: I mean you know that. I'm just gonna say it, Jeff,

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Speaker 1: I didn't get a Montana tag last year, and I

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Speaker 1: you got mine, and you didn't probably even hunt on

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Speaker 1: it that much. So I will have a little animassie

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Speaker 1: towards you. Yeah, we got it, Like you've had a

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Speaker 1: I think you've had more ELK tags in Montana in

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Speaker 1: the last three years than I have. So yeah, we

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Speaker 1: really need to talk about how you're getting tags.

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Speaker 3: I mean, you know, somebody, do you know I wish

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Speaker 3: it worked that way, Man, I would be kissing, but no,

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Speaker 3: I've you know, I've gotten I've gotten lucky, and you

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Speaker 3: know I've it.

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Speaker 2: It didn't start this way, that's for sure. You know.

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Speaker 2: My first out of state hunt that I went on

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Speaker 2: was in twenty fourteen to Wyoming. That's that bowl there.

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Speaker 2: That bowl's also Wyoming, But you know it, it is

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Speaker 2: something that I looked at and said, you know, I

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Speaker 2: would like this to be a normal part of my life.

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Speaker 2: And it took a lot of a lot of years

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Speaker 2: and adjustments and shifts and how I manage my finances

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Speaker 2: and to be able to afford to be able to

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Speaker 2: hunt several states a year or at least another state

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Speaker 2: a year. So in drawing tags is a big part

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Speaker 2: of that as well.

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Speaker 1: Yeah, Yeah, it's tougher every year. Yeah. The first time

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Speaker 1: I ever got it out of state, it was it

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Speaker 1: was Wyoming and after and I shot a nice six point.

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Speaker 1: When I get back to work, one of the guys

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Speaker 1: there that always had had something to say, He's like,

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Speaker 1: it must be nice until he's getting getting paid too

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Speaker 1: much money around here. It's like, all right, well, first off,

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Speaker 1: I know that guy made a lot more money than

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Speaker 1: me because he'd worked there a lot longer he was.

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Speaker 1: And also it's sometimes you know, what what are you affording?

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Speaker 1: What other luxuries are you affording through the year? What

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Speaker 1: are you wasting your money on versus putting that money

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Speaker 1: towards going hunting out of state?

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Speaker 2: Right?

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Speaker 1: I can think of it a lot of things, but

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Speaker 1: you know, he just kind of adds up, right.

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Speaker 2: Yeah, it's you know, and this is a big part

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Speaker 2: of what I hope people take away from this message

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Speaker 2: is that we need to think about our decision making different.

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Speaker 2: And I'm going to tie this into wealth And this

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Speaker 2: wasn't actually this was an elk shaped camp that I

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Speaker 2: that I figured out how to pointingly say how I

422
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Speaker 2: felt about wealth creation. Derek, you came to some of

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Speaker 2: the Texas camps with us, right the at the Iron

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Speaker 2: Game Ranch. Amazing amazing ranch, beautiful high fence. Uh, every

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Speaker 2: exotic animal that was there, you know, every bass in

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Speaker 2: the pond was five plus plant pounds. You know, it

427
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Speaker 2: was there. Their cabins we were staying at or nicer

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Speaker 2: than most people's homes, and so it was one of

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Speaker 2: these mornings that that before camp started, and oftentimes I'd

430
00:23:38,359 --> 00:23:39,879
Speaker 2: done this where I'll get up in the morning and

431
00:23:39,960 --> 00:23:42,439
Speaker 2: have coffee, let's go walk around doing a little bit

432
00:23:42,480 --> 00:23:44,880
Speaker 2: of preying before camp and you know, for everything that's

433
00:23:44,920 --> 00:23:47,560
Speaker 2: going to be happening and everybody's message and all that stuff.

434
00:23:47,600 --> 00:23:51,960
Speaker 2: And this ranch was owned by one of the founders

435
00:23:52,000 --> 00:23:54,240
Speaker 2: of PayPal, and I never actually met him. I think

436
00:23:54,320 --> 00:23:56,280
Speaker 2: Dan had met him a few times. I don't know

437
00:23:56,320 --> 00:23:59,040
Speaker 2: the guy's name. But that morning, it was a little

438
00:23:59,040 --> 00:24:00,720
Speaker 2: bit dark, and I could as I was walking, I

439
00:24:00,760 --> 00:24:04,280
Speaker 2: could see into their house and his private chef was

440
00:24:04,320 --> 00:24:08,359
Speaker 2: cooking and breakfast. And I remember thinking to myself, you know,

441
00:24:08,520 --> 00:24:11,040
Speaker 2: this guy, when he wakes up in the morning, there's

442
00:24:11,080 --> 00:24:14,399
Speaker 2: not anybody that tells him how he has to spend

443
00:24:14,400 --> 00:24:17,520
Speaker 2: his time that day. He is in complete control of

444
00:24:17,560 --> 00:24:21,480
Speaker 2: his time, right And as I thought about that, meditated

445
00:24:21,520 --> 00:24:24,280
Speaker 2: on it, and I realized that that is that is

446
00:24:24,359 --> 00:24:28,359
Speaker 2: what we are all actually seeking in life. Is that

447
00:24:28,440 --> 00:24:31,879
Speaker 2: is the greatest measurement of wealth. You know, I've had money,

448
00:24:31,920 --> 00:24:35,840
Speaker 2: I've lost money, I've made money. Money is replaceable, but

449
00:24:35,920 --> 00:24:38,680
Speaker 2: the time that we have in this life, our time

450
00:24:38,720 --> 00:24:42,680
Speaker 2: here on earth is irreplaceable. It is our most precious resource.

451
00:24:43,000 --> 00:24:48,119
Speaker 2: And for me it clicked with my messaging to my

452
00:24:48,280 --> 00:24:51,560
Speaker 2: client tele the people that I work with, is that

453
00:24:52,160 --> 00:24:55,920
Speaker 2: we've been taught that how much money we have, how

454
00:24:55,920 --> 00:24:58,680
Speaker 2: big our retirement account is, how big our bank account,

455
00:24:58,920 --> 00:25:03,520
Speaker 2: our boat, our twenty four duromats, whatever it maybe represents

456
00:25:03,520 --> 00:25:08,120
Speaker 2: our wealth, when the reality is our ability to control

457
00:25:08,160 --> 00:25:11,280
Speaker 2: our time should be how we measure our wealth, which

458
00:25:11,680 --> 00:25:15,159
Speaker 2: which trickles into how we are making financial decisions. And

459
00:25:15,200 --> 00:25:19,399
Speaker 2: if controlling our time is the most precious resource that

460
00:25:19,440 --> 00:25:21,480
Speaker 2: we have, it means that we need to be making

461
00:25:21,520 --> 00:25:26,280
Speaker 2: decisions different than what society, what generations before us, have done.

462
00:25:26,720 --> 00:25:31,840
Speaker 2: What is often said from financial advisors, I oftentimes talk

463
00:25:31,960 --> 00:25:35,280
Speaker 2: people out of putting money into vehicles or products or

464
00:25:35,400 --> 00:25:38,000
Speaker 2: environments where I get paid to do. I talk myself

465
00:25:38,000 --> 00:25:39,920
Speaker 2: out of paychecks because I want them to be in

466
00:25:40,000 --> 00:25:47,000
Speaker 2: a position to control how control their time. And so

467
00:25:47,960 --> 00:25:51,200
Speaker 2: you know, the must be nice. You know, yeah, it

468
00:25:51,800 --> 00:25:53,159
Speaker 2: is nice. It is nice to be able to go

469
00:25:53,240 --> 00:25:56,440
Speaker 2: hunt other states. But it's not accidental. It's not because

470
00:25:56,480 --> 00:25:59,120
Speaker 2: I got lucky, it's not it's none of that. It's

471
00:25:59,119 --> 00:26:03,560
Speaker 2: because I've made decison is intentionally different than what I

472
00:26:03,640 --> 00:26:06,639
Speaker 2: think most people have to create this level of capacity

473
00:26:06,680 --> 00:26:07,920
Speaker 2: to control my time in my life.

474
00:26:09,200 --> 00:26:14,280
Speaker 1: Yeah, yeah, absolutely. Uh, if you could say, if you

475
00:26:14,280 --> 00:26:17,840
Speaker 1: could give us five things, it sounds like.

476
00:26:18,160 --> 00:26:24,960
Speaker 4: The cover of Cosmo magazine five best practices to make

477
00:26:25,040 --> 00:26:28,200
Speaker 4: your Man Happy.

478
00:26:28,480 --> 00:26:34,359
Speaker 1: I mean, so give me five if you want. Okay,

479
00:26:34,520 --> 00:26:37,560
Speaker 1: let's give me five things that our listeners can do

480
00:26:38,200 --> 00:26:40,399
Speaker 1: to if they have a goal of wanting to go

481
00:26:40,520 --> 00:26:43,560
Speaker 1: hunt out of state or have or maybe just hunting

482
00:26:43,560 --> 00:26:45,199
Speaker 1: in state. Maybe it's just a struggle even to be

483
00:26:45,200 --> 00:26:47,600
Speaker 1: able to get to go hunting you're in your home state.

484
00:26:48,560 --> 00:26:51,359
Speaker 1: What are five things they can do? Maybe that's too many,

485
00:26:51,600 --> 00:26:54,680
Speaker 1: but what are some things folks can do to set

486
00:26:54,720 --> 00:26:58,360
Speaker 1: themselves up good to like not take away from their

487
00:26:58,440 --> 00:27:02,359
Speaker 1: every day either living and their family and you know

488
00:27:02,480 --> 00:27:05,160
Speaker 1: all those things are important retirement stuff. How can they

489
00:27:05,320 --> 00:27:10,000
Speaker 1: still participate in those things yet put some money away

490
00:27:10,119 --> 00:27:13,960
Speaker 1: for for sure hunting for a fun, fun time.

491
00:27:14,960 --> 00:27:18,639
Speaker 2: Well, let me let me start with addressing something that

492
00:27:18,680 --> 00:27:22,120
Speaker 2: you mentioned there, and that is hunting taking away from

493
00:27:22,160 --> 00:27:25,400
Speaker 2: your family. If hunting is taking away from your family,

494
00:27:25,720 --> 00:27:29,240
Speaker 2: if hunting is building resentment between you and your spouse,

495
00:27:29,800 --> 00:27:33,680
Speaker 2: You're doing it wrong. Like, that's just straight up. Hunting

496
00:27:33,800 --> 00:27:36,000
Speaker 2: is if you're a hunter, it is core to your

497
00:27:36,080 --> 00:27:37,760
Speaker 2: DNA and like and I and that's that's how I

498
00:27:37,800 --> 00:27:39,359
Speaker 2: look at hunting in my life, Like there are a

499
00:27:39,359 --> 00:27:41,960
Speaker 2: few human activities that are core to who I am

500
00:27:42,160 --> 00:27:46,000
Speaker 2: as hunting, Uh, hunting is I love gardening and one

501
00:27:46,000 --> 00:27:48,240
Speaker 2: of them is between me and my wife. And that's

502
00:27:48,280 --> 00:27:50,840
Speaker 2: about it. And those are those are the core human

503
00:27:50,880 --> 00:27:53,119
Speaker 2: activities that are part of that are gettingrained in us

504
00:27:53,160 --> 00:27:57,360
Speaker 2: in our DNA. And so hunting should not be something

505
00:27:57,359 --> 00:28:00,159
Speaker 2: that is a liability in your relationship. You know, you

506
00:28:00,200 --> 00:28:03,000
Speaker 2: go back throughout time and you look at the hieroglyphs

507
00:28:03,040 --> 00:28:06,199
Speaker 2: on walls and like those are celebrations of hunting stories,

508
00:28:06,240 --> 00:28:08,280
Speaker 2: and that's how that should be in our in our life.

509
00:28:08,640 --> 00:28:11,440
Speaker 2: But the problem is we're self as human beings oftentimes

510
00:28:11,800 --> 00:28:16,919
Speaker 2: and oftentimes we are poor managing our finances and we

511
00:28:17,000 --> 00:28:20,440
Speaker 2: don't financially prepare. It's hey, we're going hunting, which means

512
00:28:20,480 --> 00:28:22,879
Speaker 2: something else is not happening in our life that should

513
00:28:22,920 --> 00:28:26,080
Speaker 2: be happening. And so first, if if that is you,

514
00:28:26,160 --> 00:28:28,040
Speaker 2: if you felt that, and I've felt this, I've seen

515
00:28:28,040 --> 00:28:29,960
Speaker 2: this in my own life. Like, everything I'm talking about

516
00:28:29,960 --> 00:28:31,440
Speaker 2: are things that I have made, these.

517
00:28:31,280 --> 00:28:34,560
Speaker 1: Mistakes, right, we've all been there.

518
00:28:35,000 --> 00:28:39,479
Speaker 2: Yeah. Yeah. So on the practical side of things, if

519
00:28:39,520 --> 00:28:42,400
Speaker 2: there is something that is that important to you, you

520
00:28:42,440 --> 00:28:46,719
Speaker 2: should have a hunt budget. Like it's not it's not complicated. Uh,

521
00:28:46,880 --> 00:28:49,640
Speaker 2: you know, there's there's a lot of different budgeting techniques

522
00:28:49,680 --> 00:28:54,800
Speaker 2: out there, but the practically there should be a bank

523
00:28:54,880 --> 00:28:57,960
Speaker 2: account at your bank. At least create a structure a

524
00:28:58,560 --> 00:29:03,280
Speaker 2: location that you and your wife can see together that

525
00:29:03,440 --> 00:29:06,960
Speaker 2: you know that money that's in this environment is earmarked

526
00:29:07,000 --> 00:29:10,680
Speaker 2: and its sole purpose is to produce this experience activity

527
00:29:10,720 --> 00:29:14,960
Speaker 2: in your life. And so for you know, at the

528
00:29:15,160 --> 00:29:18,840
Speaker 2: very minimum, set up a bank account at your bank,

529
00:29:20,000 --> 00:29:23,640
Speaker 2: have it labeled your Hunt budget, and have a conversation

530
00:29:23,760 --> 00:29:26,640
Speaker 2: with your spouse about what type of money you would

531
00:29:26,680 --> 00:29:29,240
Speaker 2: like to spend, where those dollars are coming from in

532
00:29:29,280 --> 00:29:33,880
Speaker 2: your life, and is it appropriate to spend as much

533
00:29:33,880 --> 00:29:34,680
Speaker 2: as you're hoping to.

534
00:29:35,880 --> 00:29:41,880
Speaker 1: Now, we can't let her see that money, like, okay,

535
00:29:42,680 --> 00:29:48,120
Speaker 1: I think they call I believe they call that mad money. Well,

536
00:29:48,240 --> 00:29:50,160
Speaker 1: because when she finds it, she canna be mad.

537
00:29:51,760 --> 00:29:54,160
Speaker 2: And this is where if if, that is where the

538
00:29:54,200 --> 00:29:59,440
Speaker 2: conversation stopped. You've you've failed, misery because at the end

539
00:29:59,440 --> 00:30:03,560
Speaker 2: of the day, you know, stereotypical, like most of us men,

540
00:30:03,680 --> 00:30:06,400
Speaker 2: this is our thing. There are a lot of amazing,

541
00:30:06,720 --> 00:30:10,000
Speaker 2: badass women hunters out there, mad respect for you, most

542
00:30:10,040 --> 00:30:12,720
Speaker 2: of them out hunt me. But for the most part,

543
00:30:12,800 --> 00:30:15,120
Speaker 2: this is us. And maybe we take our kids every

544
00:30:15,160 --> 00:30:18,880
Speaker 2: now and then, but we have to recognize how important

545
00:30:18,960 --> 00:30:21,800
Speaker 2: hunting is to us as well as recognize that there's

546
00:30:21,840 --> 00:30:25,160
Speaker 2: something in our wife's lives that is just as important.

547
00:30:25,800 --> 00:30:28,320
Speaker 2: And so if you're setting up your hunt budget and

548
00:30:28,440 --> 00:30:32,400
Speaker 2: not your wife's whatever version of hunting is for her budget,

549
00:30:33,080 --> 00:30:37,200
Speaker 2: you've failed. Like I tell everybody, you will go on

550
00:30:37,280 --> 00:30:39,560
Speaker 2: more hunts if you set up your wife's hunt budget

551
00:30:39,680 --> 00:30:44,000
Speaker 2: first rather than yours. That will pay dividends in a

552
00:30:44,000 --> 00:30:48,440
Speaker 2: lot of ways. And so it's not just it's not

553
00:30:48,560 --> 00:30:50,960
Speaker 2: just hey, here's what I'm gonna spend. Take it or

554
00:30:51,000 --> 00:30:53,680
Speaker 2: leave it, babe. This is let's talk about our lives.

555
00:30:53,760 --> 00:30:56,480
Speaker 2: Let's talk about what's important to us. Let's talk about

556
00:30:56,520 --> 00:30:58,880
Speaker 2: things that are not really creating value. And this was

557
00:30:58,880 --> 00:31:02,160
Speaker 2: a big one that I had to kind of go

558
00:31:02,200 --> 00:31:04,520
Speaker 2: through this exact same process when my children were young.

559
00:31:05,160 --> 00:31:07,800
Speaker 2: Once I moved out of my in laws basement and

560
00:31:07,960 --> 00:31:10,920
Speaker 2: uh back, you know, back in normal life and living

561
00:31:11,000 --> 00:31:13,960
Speaker 2: under one roof. I snowboarded all the time, I mountain biked,

562
00:31:14,000 --> 00:31:17,640
Speaker 2: I salmon fished. I did all of these things that

563
00:31:17,720 --> 00:31:20,840
Speaker 2: required money and time for me, and I couldn't afford

564
00:31:20,880 --> 00:31:22,720
Speaker 2: all of those things. And so I looked at my

565
00:31:22,800 --> 00:31:27,400
Speaker 2: life and I recognized the most important activity that that

566
00:31:27,520 --> 00:31:30,080
Speaker 2: I can do that I want my children to experience

567
00:31:30,160 --> 00:31:32,600
Speaker 2: is hunting. It had the most impact in my life.

568
00:31:32,600 --> 00:31:37,280
Speaker 2: It's what I and And so I carved almost all

569
00:31:37,280 --> 00:31:40,080
Speaker 2: of that other stuff out of my life and focused

570
00:31:40,240 --> 00:31:44,320
Speaker 2: my time and energy into one space. And ironically, I

571
00:31:44,320 --> 00:31:46,200
Speaker 2: started killing more ouk when I did that too. So

572
00:31:47,520 --> 00:31:51,479
Speaker 2: it's surprising what happens when you get intentional and focus

573
00:31:51,520 --> 00:31:55,160
Speaker 2: your time, energy and money. And so that that's that

574
00:31:55,240 --> 00:31:58,920
Speaker 2: will be the like foundationally, everybody should have a hunt budget,

575
00:32:00,040 --> 00:32:02,080
Speaker 2: unless you're one of those people that make so much

576
00:32:02,120 --> 00:32:04,800
Speaker 2: money that if you spend twenty thirty forty thousand dollars

577
00:32:04,800 --> 00:32:06,960
Speaker 2: a year and your family doesn't even notice, it doesn't

578
00:32:06,960 --> 00:32:10,880
Speaker 2: even hurt you at all, Like, good for you. That

579
00:32:11,000 --> 00:32:14,000
Speaker 2: is nice. That be really nice.

580
00:32:14,680 --> 00:32:16,200
Speaker 1: That must be nice.

581
00:32:16,280 --> 00:32:17,480
Speaker 2: It must be nice.

582
00:32:17,520 --> 00:32:19,440
Speaker 1: How come you looked at me like that, Yeah, I

583
00:32:19,440 --> 00:32:24,400
Speaker 1: don't have that kind of money. And I think, you know,

584
00:32:24,600 --> 00:32:26,520
Speaker 1: like I think a lot of like a lot of

585
00:32:26,560 --> 00:32:29,880
Speaker 1: wives too. You know, maybe maybe they haven't found their

586
00:32:30,600 --> 00:32:33,120
Speaker 1: version of hunting. You know, maybe they haven't found an

587
00:32:33,160 --> 00:32:36,280
Speaker 1: act life activity that they enjoy or passionate about because

588
00:32:36,360 --> 00:32:41,080
Speaker 1: a lot of them they're so you know, busy and

589
00:32:41,840 --> 00:32:45,840
Speaker 1: invested into raising children, right. You know a lot of

590
00:32:45,880 --> 00:32:49,360
Speaker 1: these moms are just they don't allow themselves or don't

591
00:32:49,360 --> 00:32:52,280
Speaker 1: have a fun out, you know, something they can go

592
00:32:52,360 --> 00:32:55,000
Speaker 1: do that's that's really fun. And maybe we just have

593
00:32:55,120 --> 00:32:57,240
Speaker 1: to get you know, we have to kind of advocate

594
00:32:57,280 --> 00:33:00,920
Speaker 1: for them to find something and help them find it

595
00:33:00,960 --> 00:33:06,080
Speaker 1: and nurture that that thing. You know, maybe maybe you

596
00:33:06,960 --> 00:33:08,520
Speaker 1: if they're a little bit on the fence on this

597
00:33:08,600 --> 00:33:11,440
Speaker 1: thing because of you know, maybe they don't get to

598
00:33:11,480 --> 00:33:13,239
Speaker 1: go have any fun, be like, Okay, here's what we're

599
00:33:13,240 --> 00:33:16,160
Speaker 1: gonna do. We're gonna split this this mad money right

600
00:33:16,160 --> 00:33:18,280
Speaker 1: down the middle, and half will go into my hunting

601
00:33:18,280 --> 00:33:20,760
Speaker 1: fund and half's gonna go into your fund to do

602
00:33:21,400 --> 00:33:26,120
Speaker 1: X y Z. Maybe that's a weekend away with their girlfriends.

603
00:33:26,160 --> 00:33:28,719
Speaker 1: Maybe it's a day at the spa or it's some

604
00:33:28,920 --> 00:33:32,000
Speaker 1: little spoiled thing whatever they're into. Maybe it's a piece

605
00:33:32,040 --> 00:33:34,360
Speaker 1: of jewelry, whatever, they're really into it. So it's like,

606
00:33:34,480 --> 00:33:37,080
Speaker 1: all right, we're gonna do this together. And and as

607
00:33:37,240 --> 00:33:39,200
Speaker 1: as I build mine, you're gonna build yours. And we're

608
00:33:39,240 --> 00:33:41,240
Speaker 1: gonna you know, we wanted this to be fair. I

609
00:33:41,600 --> 00:33:44,520
Speaker 1: feel like that it would be a huge and then

610
00:33:44,560 --> 00:33:49,040
Speaker 1: also uh full transparency. Uh man. A lot of a

611
00:33:49,120 --> 00:33:52,120
Speaker 1: lot of guys get slack a lot of flak when

612
00:33:52,280 --> 00:33:54,400
Speaker 1: they want to go hunt and they're like, oh, yeah,

613
00:33:54,400 --> 00:33:56,800
Speaker 1: I told my wife last week I'm going hunting next week,

614
00:33:56,880 --> 00:33:59,320
Speaker 1: and she was mad. She didn't want me to go,

615
00:33:59,400 --> 00:34:02,280
Speaker 1: and she's about ready to burn the house down and

616
00:34:02,360 --> 00:34:05,760
Speaker 1: mad about it. And we've talked about this before in

617
00:34:05,800 --> 00:34:09,600
Speaker 1: our camps that you know, back to that being intentional,

618
00:34:09,719 --> 00:34:13,400
Speaker 1: planning ahead, being full fully transparent with your wife or

619
00:34:13,400 --> 00:34:17,879
Speaker 1: significant other, that you know, this is my intentions for fall,

620
00:34:18,200 --> 00:34:20,080
Speaker 1: this is the time I want to do it, this

621
00:34:20,160 --> 00:34:22,120
Speaker 1: is how much it's gonna cost, and this is what

622
00:34:22,160 --> 00:34:27,080
Speaker 1: I'm doing to make that all happen. So yes, now

623
00:34:27,120 --> 00:34:31,160
Speaker 1: I'm going to you know, opera shows on Saturday night

624
00:34:31,280 --> 00:34:33,480
Speaker 1: in the middle of summer that I never really would

625
00:34:33,520 --> 00:34:35,960
Speaker 1: have ever done. Or I'm taking a trip to Mexico

626
00:34:36,080 --> 00:34:39,960
Speaker 1: or whatever whatever she's into. Like, you're building those hall

627
00:34:40,040 --> 00:34:43,520
Speaker 1: pass points. You know, absolutely hate a lot of the

628
00:34:43,560 --> 00:34:45,480
Speaker 1: things they love, but you used to have to grin

629
00:34:45,520 --> 00:34:47,160
Speaker 1: and bear it and shut your fat mouth and go

630
00:34:47,320 --> 00:34:50,000
Speaker 1: enjoy it and try to make it enjoyable for them.

631
00:34:50,160 --> 00:34:53,239
Speaker 1: That way, you can be like, yeah, I'll do all

632
00:34:53,239 --> 00:34:55,360
Speaker 1: this stuff and then you know, and I'm gonna I

633
00:34:55,360 --> 00:34:57,120
Speaker 1: want to do this hunt in season. If you can

634
00:34:57,320 --> 00:35:00,239
Speaker 1: kind of tee all that up ahead of time, it

635
00:35:00,320 --> 00:35:01,960
Speaker 1: kind of softens it a little bit. You know, they

636
00:35:02,000 --> 00:35:03,800
Speaker 1: still may not like it that much when you're gone,

637
00:35:03,800 --> 00:35:06,719
Speaker 1: but it'll it'll still be like, Okay, well yeah he

638
00:35:06,760 --> 00:35:08,319
Speaker 1: did do all those things. I mean, you don't want

639
00:35:08,320 --> 00:35:10,480
Speaker 1: to rub it in their face, but they know that

640
00:35:10,520 --> 00:35:13,000
Speaker 1: you've been intentional to get to the point where you

641
00:35:13,040 --> 00:35:14,200
Speaker 1: could have little leeway too.

642
00:35:14,719 --> 00:35:19,319
Speaker 2: Yeah. And it's I think a lot of this, you know,

643
00:35:19,480 --> 00:35:22,720
Speaker 2: is what Elk Shape camps have turned into. It's it's

644
00:35:23,040 --> 00:35:29,000
Speaker 2: how to develop a level of self discipline, you know,

645
00:35:29,640 --> 00:35:34,960
Speaker 2: fueled by your passion for hunting. And you know, tremendous

646
00:35:35,000 --> 00:35:37,600
Speaker 2: respect for Dan, He's he's a wild man, I've never

647
00:35:37,760 --> 00:35:39,480
Speaker 2: I don't know anybody who works as hard as he does.

648
00:35:39,520 --> 00:35:39,839
Speaker 1: He is.

649
00:35:40,120 --> 00:35:42,279
Speaker 2: I mean, there's been multiple nights in Dirk. You and

650
00:35:42,360 --> 00:35:45,120
Speaker 2: I both know where camp gets done. We may be,

651
00:35:45,520 --> 00:35:48,200
Speaker 2: you know, sitting down talking about the day and enjoying

652
00:35:48,200 --> 00:35:51,319
Speaker 2: a barley pop, if you will. And Dan is still

653
00:35:51,360 --> 00:35:57,360
Speaker 2: working away and you know his his passion for elk hunting.

654
00:35:57,920 --> 00:36:02,040
Speaker 2: He kind of figured out how and it makes total

655
00:36:02,040 --> 00:36:04,440
Speaker 2: sense how to take that passion and use that to

656
00:36:04,480 --> 00:36:07,239
Speaker 2: stay focused every area in our life. And I would

657
00:36:07,280 --> 00:36:09,400
Speaker 2: say the first area you need to focus is your spouse.

658
00:36:10,000 --> 00:36:12,680
Speaker 2: If your priorities are out of line, if they feel

659
00:36:13,080 --> 00:36:16,080
Speaker 2: whether it's turkey hunting or whitetail hunting or meal ear, elk,

660
00:36:16,200 --> 00:36:21,000
Speaker 2: whatever it is, but if they're not your priority, they're

661
00:36:21,040 --> 00:36:23,279
Speaker 2: gonna look at what your priority is and they're gonna

662
00:36:23,280 --> 00:36:26,239
Speaker 2: be resentful towards it. And so you know, just the

663
00:36:26,440 --> 00:36:33,160
Speaker 2: basic bank account with her name on it labeled whatever

664
00:36:33,200 --> 00:36:37,200
Speaker 2: her activity is, family vacation. That's ninety percent of really

665
00:36:37,239 --> 00:36:40,239
Speaker 2: what women are looking for is just to go spend

666
00:36:40,320 --> 00:36:44,440
Speaker 2: time as a family, whatever it may be. That communicates

667
00:36:44,440 --> 00:36:48,279
Speaker 2: to them that they are the priority. And pretty soon

668
00:36:48,360 --> 00:36:51,680
Speaker 2: what happens over time is you know, similar to what

669
00:36:51,719 --> 00:36:53,959
Speaker 2: I know Jessica does for you, Derek, and my wife

670
00:36:54,040 --> 00:36:56,239
Speaker 2: does for me, is when it's elk season, Like my

671
00:36:56,280 --> 00:36:59,640
Speaker 2: wife tells me, don't come home without killing something, you know,

672
00:36:59,680 --> 00:37:02,959
Speaker 2: and they are excited for us. They're thrilled they see

673
00:37:03,040 --> 00:37:05,880
Speaker 2: us going out and you know, killing ourselves on this

674
00:37:06,000 --> 00:37:09,120
Speaker 2: mountain and accomplishing goals in our lives. And there there

675
00:37:09,160 --> 00:37:13,239
Speaker 2: are biggest fans, and it hasn't always been that way.

676
00:37:13,440 --> 00:37:16,960
Speaker 2: And so you know, if if you can look in

677
00:37:16,960 --> 00:37:18,920
Speaker 2: the mirror and you know, like, hey, this is a

678
00:37:18,920 --> 00:37:21,400
Speaker 2: liability in my life, it may be time to start

679
00:37:21,719 --> 00:37:24,719
Speaker 2: looking at how to reposition that in your world so

680
00:37:24,760 --> 00:37:27,920
Speaker 2: that hunting can be an asset rather than a liability

681
00:37:27,920 --> 00:37:29,480
Speaker 2: in your relationship in your life.

682
00:37:29,520 --> 00:37:37,279
Speaker 1: Absolutely. Absolutely, something I always talk about is when you're

683
00:37:37,320 --> 00:37:39,680
Speaker 1: trying to figure out how you're gonna afford hunting and stuff.

684
00:37:41,719 --> 00:37:44,040
Speaker 1: We go through our day to day life and sometimes

685
00:37:44,080 --> 00:37:46,080
Speaker 1: we just kind of get on autopilot and we just

686
00:37:46,120 --> 00:37:48,839
Speaker 1: do our thing, like, Okay, on the way to work today,

687
00:37:48,840 --> 00:37:50,959
Speaker 1: I'm gonna stop by the gas station. I'm gonna get

688
00:37:51,360 --> 00:37:53,719
Speaker 1: you know, a breakfast sandwich and some coffee, and I'm

689
00:37:53,719 --> 00:37:56,840
Speaker 1: gonna spend twelve to fifteen bucks on that, right. So

690
00:37:58,239 --> 00:38:01,360
Speaker 1: there there's a simple thing, one simple thing a person

691
00:38:01,400 --> 00:38:03,680
Speaker 1: can cut to out of their day to day life.

692
00:38:04,600 --> 00:38:09,600
Speaker 1: And let's just talk about that or vices, cutting vices

693
00:38:09,640 --> 00:38:14,759
Speaker 1: from your life. Typically, a vice is an unhealthy practice,

694
00:38:14,800 --> 00:38:18,080
Speaker 1: you know, whether you're using tobacco or maybe it's alcohol,

695
00:38:18,080 --> 00:38:21,080
Speaker 1: whatever your vice or your jam or wherever it is,

696
00:38:22,280 --> 00:38:24,399
Speaker 1: if you could cut that out, if you just start

697
00:38:24,400 --> 00:38:26,279
Speaker 1: looking at dollar insents, it's like, okay, i'd buy a

698
00:38:26,280 --> 00:38:28,800
Speaker 1: thirty pack of beer every week. How much is a

699
00:38:28,840 --> 00:38:31,120
Speaker 1: thirty pack of beer? That's twenty bucks. Let's say I

700
00:38:31,160 --> 00:38:33,359
Speaker 1: depend on what kind you drink. Let's just say it's

701
00:38:33,360 --> 00:38:37,480
Speaker 1: about twenty bucks. Fifty two weeks in a year times

702
00:38:37,480 --> 00:38:42,000
Speaker 1: twenty bucks, that adds up a lot. Yeah, and that's

703
00:38:42,120 --> 00:38:44,719
Speaker 1: just that's just beer. Well, guess what beer? What else

704
00:38:45,200 --> 00:38:48,080
Speaker 1: is bad? Beer's bad for the budget, Well, beller's bad

705
00:38:48,120 --> 00:38:50,040
Speaker 1: for the belly.

706
00:38:50,000 --> 00:38:55,239
Speaker 2: Yeah, you know my vice is thankfully you know, I

707
00:38:55,239 --> 00:38:56,839
Speaker 2: don't mind a beer every now and then, but it

708
00:38:56,880 --> 00:38:59,600
Speaker 2: is it's not alcohol. It's good food. I mean, my

709
00:38:59,680 --> 00:39:03,279
Speaker 2: office since the above a brewery with great food. So

710
00:39:03,360 --> 00:39:06,279
Speaker 2: I walked out my office down the stairs and it's

711
00:39:06,320 --> 00:39:08,640
Speaker 2: not the beerer that tempts me. It's you know, it's

712
00:39:08,719 --> 00:39:11,279
Speaker 2: it's the buffalo sandwich that they've got down there and

713
00:39:12,080 --> 00:39:14,440
Speaker 2: so and you're exactly right, like these are things that

714
00:39:15,120 --> 00:39:19,719
Speaker 2: even I have to practice and intentionally tell myself no

715
00:39:20,000 --> 00:39:22,320
Speaker 2: in this space because it is not supporting my ambition.

716
00:39:22,960 --> 00:39:25,359
Speaker 2: I can I can drop twenty five bucks a day

717
00:39:25,400 --> 00:39:29,080
Speaker 2: on lunch and and it. I mean, I've gone through

718
00:39:29,120 --> 00:39:31,240
Speaker 2: seasons of life and I and I get through that season,

719
00:39:31,280 --> 00:39:34,080
Speaker 2: I'm like, man, I'm ten pounds everything I want to

720
00:39:34,120 --> 00:39:36,759
Speaker 2: be and I hate this. I yo, Yo, every year

721
00:39:37,760 --> 00:39:41,080
Speaker 2: I've spent you know a lot of money that you know,

722
00:39:41,080 --> 00:39:44,200
Speaker 2: I realistically is not hurting my family today, but it's

723
00:39:44,239 --> 00:39:46,359
Speaker 2: just not in alignment with my ambition on who I'm

724
00:39:46,480 --> 00:39:47,000
Speaker 2: called to be.

725
00:39:47,640 --> 00:39:52,360
Speaker 1: And and so forgetting that's gone, it's yea god, yeah,

726
00:39:52,480 --> 00:39:53,080
Speaker 1: And I'll tell.

727
00:39:52,960 --> 00:39:55,560
Speaker 2: You it's not easier to drop ten pounds the older

728
00:39:55,600 --> 00:39:55,919
Speaker 2: you get.

729
00:39:56,480 --> 00:39:58,359
Speaker 1: No, absolutely not.

730
00:39:58,400 --> 00:40:02,759
Speaker 2: Oh right now, right about? But you know, I think

731
00:40:02,800 --> 00:40:06,560
Speaker 2: that overall, you know, if we go back to the

732
00:40:06,680 --> 00:40:10,560
Speaker 2: hunting out of state, you know that that is something

733
00:40:10,640 --> 00:40:14,040
Speaker 2: that people I hear people talk about like, oh if

734
00:40:14,040 --> 00:40:16,799
Speaker 2: I could only like you can't you can do this.

735
00:40:17,000 --> 00:40:20,080
Speaker 2: It is not impossible to go on and out of

736
00:40:20,080 --> 00:40:24,360
Speaker 2: stake up out of state elk hunt. It's not that expensive.

737
00:40:24,440 --> 00:40:27,800
Speaker 2: A few thousand dollars and covers all of it. Most

738
00:40:27,840 --> 00:40:30,640
Speaker 2: people with the right amount of time can come up

739
00:40:30,680 --> 00:40:34,319
Speaker 2: with that money. And there's lots of resources to hey,

740
00:40:34,320 --> 00:40:36,360
Speaker 2: what's this going to cost? All that type of stuff,

741
00:40:37,680 --> 00:40:39,919
Speaker 2: But you know, set up a hunt budget and start

742
00:40:40,080 --> 00:40:45,560
Speaker 2: systematically saving towards your goal. And I you know when

743
00:40:45,600 --> 00:40:47,799
Speaker 2: I when I first start working with clients, especially young

744
00:40:47,840 --> 00:40:51,560
Speaker 2: clients that don't have a lot of savings capacity, I

745
00:40:51,680 --> 00:40:55,359
Speaker 2: connect savings the same as I do weightlifting. Like if

746
00:40:55,360 --> 00:40:58,000
Speaker 2: you hadn't lifted weights before, you're new to weightlifting, and

747
00:40:58,040 --> 00:41:00,239
Speaker 2: you walk in the gym, you don't walk up to

748
00:41:00,239 --> 00:41:02,759
Speaker 2: the squat rack and see what your pr is. You

749
00:41:02,800 --> 00:41:04,560
Speaker 2: walk up to the squat rack and then you grab

750
00:41:04,600 --> 00:41:06,560
Speaker 2: a PBC bar and you see if you can get

751
00:41:06,560 --> 00:41:08,680
Speaker 2: your butt to the ground, like you see if you

752
00:41:08,719 --> 00:41:11,440
Speaker 2: can even make the movement like ooh right, my hamstrings

753
00:41:11,480 --> 00:41:15,640
Speaker 2: allow me to get level with the ground. And eventually

754
00:41:15,680 --> 00:41:17,959
Speaker 2: then you start doing the bar and then you add weight,

755
00:41:18,040 --> 00:41:20,520
Speaker 2: and you add weight and you add weight. And so

756
00:41:21,160 --> 00:41:22,919
Speaker 2: for those of you that have never had a hunt

757
00:41:22,960 --> 00:41:27,480
Speaker 2: budget that are just beginning this adventure. Want to course

758
00:41:27,600 --> 00:41:31,240
Speaker 2: correct how hunting is impacting your life. Start with the movement.

759
00:41:31,520 --> 00:41:35,320
Speaker 2: Just perfect the movement. Set up the financial structure, perfect

760
00:41:35,360 --> 00:41:37,520
Speaker 2: the movement. Even if it's just twenty five bucks a paycheck,

761
00:41:37,719 --> 00:41:41,239
Speaker 2: you can always add weight to the bar. And once

762
00:41:41,280 --> 00:41:45,160
Speaker 2: you're at that spot, that self discipline leads to other

763
00:41:45,239 --> 00:41:47,680
Speaker 2: areas of your life. And at the end of the day,

764
00:41:47,680 --> 00:41:50,319
Speaker 2: if you want to be someone that has the capacity

765
00:41:50,400 --> 00:41:56,040
Speaker 2: to hunt out of state consistently, that means that you

766
00:41:56,080 --> 00:41:57,719
Speaker 2: have to align your life with that and you have

767
00:41:57,760 --> 00:42:01,000
Speaker 2: to make financial decisions that look very differ than society.

768
00:42:01,920 --> 00:42:04,200
Speaker 2: And that will be my first like the first big

769
00:42:04,239 --> 00:42:06,319
Speaker 2: thing there is. Like if you are making decisions that

770
00:42:06,440 --> 00:42:09,120
Speaker 2: look the same as everybody else, you're going to be

771
00:42:09,160 --> 00:42:15,120
Speaker 2: producing the same result. And oftentimes, you know, if you

772
00:42:15,239 --> 00:42:18,600
Speaker 2: if you look at the kids getting out of college today,

773
00:42:18,480 --> 00:42:21,279
Speaker 2: to get out of college, get their first job, Better

774
00:42:21,320 --> 00:42:24,600
Speaker 2: go buy that new bmw uh you know, and then oh,

775
00:42:24,640 --> 00:42:26,400
Speaker 2: I've got a new job that I better sign up

776
00:42:26,440 --> 00:42:28,920
Speaker 2: for my four oh one K and start funding my retirement.

777
00:42:28,960 --> 00:42:31,840
Speaker 2: These things like you're gonna you're gonna end up in

778
00:42:31,840 --> 00:42:34,080
Speaker 2: the same spot as everybody else. You have to do

779
00:42:34,120 --> 00:42:39,840
Speaker 2: things different, and so your overall financial health if you

780
00:42:39,920 --> 00:42:43,799
Speaker 2: focus on your overall financial health, you focus on and

781
00:42:43,840 --> 00:42:45,920
Speaker 2: I'll talk through some of these things that I that

782
00:42:46,000 --> 00:42:47,960
Speaker 2: I see people make these mistakes every day and they

783
00:42:47,960 --> 00:42:50,440
Speaker 2: don't realize it because they're doing what people with society

784
00:42:50,440 --> 00:42:53,080
Speaker 2: has told them to do. But if if you are

785
00:42:53,360 --> 00:42:56,880
Speaker 2: financially healthy and you are liquid, you have savings, you

786
00:42:56,880 --> 00:42:59,080
Speaker 2: have emergency funds, you have different types of money in

787
00:42:59,120 --> 00:43:01,560
Speaker 2: your life, guess what You're going to go on more

788
00:43:01,680 --> 00:43:04,239
Speaker 2: l cuts. It's it's not going to be a big

789
00:43:04,280 --> 00:43:07,360
Speaker 2: deal to spend three grand every year or five grand

790
00:43:07,360 --> 00:43:09,440
Speaker 2: every year, or start mixing in a buffalo hunt and

791
00:43:09,480 --> 00:43:11,839
Speaker 2: went on a mountain lion hut last year. Like these

792
00:43:11,880 --> 00:43:15,239
Speaker 2: things just show up the healthier your financial life is.

793
00:43:16,440 --> 00:43:17,080
Speaker 2: That makes sense.

794
00:43:17,719 --> 00:43:30,040
Speaker 1: Yeah, yeah, Another thing as you were kind of talking

795
00:43:30,080 --> 00:43:32,399
Speaker 1: that out, I was thinking about a friend of mine

796
00:43:32,480 --> 00:43:34,480
Speaker 1: told me one time what they do to help save

797
00:43:34,560 --> 00:43:38,560
Speaker 1: money is they're like, you know, oh, it's the weekend,

798
00:43:38,960 --> 00:43:40,399
Speaker 1: we want to go out. We want to go out

799
00:43:40,440 --> 00:43:41,719
Speaker 1: on the town. We want to go out to nice

800
00:43:41,760 --> 00:43:44,920
Speaker 1: dinner and whatever. And I mean that you can shoot

801
00:43:44,920 --> 00:43:47,640
Speaker 1: a hundred dollars bill right in the face going out

802
00:43:47,640 --> 00:43:50,200
Speaker 1: on the town. You know that that or more right?

803
00:43:50,760 --> 00:43:52,840
Speaker 1: And what they would do is they would they would

804
00:43:53,080 --> 00:43:56,120
Speaker 1: write themselves a check out of their checking account and

805
00:43:56,160 --> 00:43:59,239
Speaker 1: deposit it into their save into their savings account for

806
00:43:59,280 --> 00:44:02,279
Speaker 1: that amount of money, and they would stay home. And uh,

807
00:44:03,360 --> 00:44:06,520
Speaker 1: as a guy, if if you were to do that. So, okay, honey,

808
00:44:06,560 --> 00:44:08,200
Speaker 1: we're not going out of town. What we're gonna do.

809
00:44:08,239 --> 00:44:12,120
Speaker 1: I'm gonna cook dinner tonight for you. What I'm gonna

810
00:44:12,120 --> 00:44:13,960
Speaker 1: make your favorite thing. Don't ask her what she wants,

811
00:44:14,000 --> 00:44:16,560
Speaker 1: because you're gonna sit there for forty five minutes like,

812
00:44:16,600 --> 00:44:18,040
Speaker 1: I don't know what do you want? I don't know, well,

813
00:44:18,080 --> 00:44:20,839
Speaker 1: what do you want? Just just just say, hey, I'm

814
00:44:20,840 --> 00:44:22,799
Speaker 1: gonna make you your favorite thing whatever that is. Her

815
00:44:22,840 --> 00:44:26,719
Speaker 1: favorite thing is whatever you cook. Usually she doesn't.

816
00:44:26,680 --> 00:44:29,200
Speaker 2: To cook it, especially if you're doing the dishes afterwards.

817
00:44:28,719 --> 00:44:31,600
Speaker 1: And then you you deposit that, you know, half in

818
00:44:31,640 --> 00:44:36,640
Speaker 1: her account half in your account. Man. Just just little

819
00:44:36,680 --> 00:44:39,640
Speaker 1: things like creative ways to like put some money away

820
00:44:39,680 --> 00:44:42,360
Speaker 1: into something good instead of just throwing it down a hole.

821
00:44:43,160 --> 00:44:47,600
Speaker 2: Yeah, yeah, well, there's there's lots of good things that

822
00:44:47,880 --> 00:44:51,200
Speaker 2: can be financial holes as well, and so if we

823
00:44:51,480 --> 00:44:54,480
Speaker 2: if if we go a little broader as far as

824
00:44:54,480 --> 00:44:57,400
Speaker 2: your financial health, there are a few decisions that I

825
00:44:57,400 --> 00:45:00,960
Speaker 2: see people make consistently that create a ripple impact throughout

826
00:45:01,000 --> 00:45:04,680
Speaker 2: their life that if they understood, they probably would have

827
00:45:04,840 --> 00:45:08,640
Speaker 2: made the decision different. And so one of those first

828
00:45:08,640 --> 00:45:11,919
Speaker 2: ones is your home. You know, it's I'm not saying

829
00:45:11,960 --> 00:45:15,040
Speaker 2: home ownership is bad by any means, but I hear

830
00:45:16,000 --> 00:45:18,920
Speaker 2: almost every single day your home is your asset, a

831
00:45:18,960 --> 00:45:21,960
Speaker 2: greatest asset. A home is an asset. And the problem

832
00:45:21,960 --> 00:45:23,360
Speaker 2: I have with that is when we look at the

833
00:45:23,360 --> 00:45:28,080
Speaker 2: baby Boomer generation, you know, the majority of them, there

834
00:45:28,120 --> 00:45:31,120
Speaker 2: was a massive shift pre Baby Boomer to the Baby

835
00:45:31,120 --> 00:45:33,960
Speaker 2: Boomer generation as far as what people were doing financially,

836
00:45:34,600 --> 00:45:38,080
Speaker 2: and you know, the baby Boomers were taught like home

837
00:45:38,120 --> 00:45:40,600
Speaker 2: ownership is the quickest way to creating wealth, and your

838
00:45:40,600 --> 00:45:43,040
Speaker 2: home is your greatest asset and all of this. And

839
00:45:43,120 --> 00:45:47,080
Speaker 2: now as we see that generation retiring, the majority of

840
00:45:47,120 --> 00:45:49,759
Speaker 2: them have a home may or may not be paid off.

841
00:45:49,760 --> 00:45:52,480
Speaker 2: And unfortunately it's turned out to be true for them

842
00:45:52,480 --> 00:45:55,719
Speaker 2: that their home is their greatest asset. And you have

843
00:45:55,760 --> 00:45:58,600
Speaker 2: to ask yourself, how much income is your home produced

844
00:45:58,600 --> 00:46:02,480
Speaker 2: for you? In retirement, that's nothing. Matter of fact, even

845
00:46:02,520 --> 00:46:05,080
Speaker 2: if your home is paid off, it will only always

846
00:46:05,200 --> 00:46:09,240
Speaker 2: require income from you. And so by no means here,

847
00:46:09,360 --> 00:46:12,120
Speaker 2: don't hear me say the home ownership is bad. But

848
00:46:12,840 --> 00:46:15,600
Speaker 2: it's not uncommon that when you are entering the home

849
00:46:15,640 --> 00:46:18,879
Speaker 2: ownership space that you sit down with mortgage brokers, real

850
00:46:19,000 --> 00:46:23,120
Speaker 2: estate agents, and it's easy to get approved for what's

851
00:46:23,120 --> 00:46:26,680
Speaker 2: called a debt to income ratio, essentially how much of

852
00:46:26,719 --> 00:46:30,000
Speaker 2: your income is required to be paying for the mortgage

853
00:46:30,040 --> 00:46:34,480
Speaker 2: on this home. And people are committing twenty five, thirty

854
00:46:34,600 --> 00:46:38,480
Speaker 2: thirty five percent of their income. The million dollars I

855
00:46:38,520 --> 00:46:41,320
Speaker 2: took out in two thousand and seven was about a

856
00:46:41,360 --> 00:46:45,239
Speaker 2: fifty five percent debt to income ratio for me. And

857
00:46:46,560 --> 00:46:49,160
Speaker 2: so like, trust me, I've been there. I made these mistakes.

858
00:46:50,280 --> 00:46:53,840
Speaker 2: But when what happens when you go down that path

859
00:46:54,440 --> 00:46:57,720
Speaker 2: and your home is your greatest asset and you feel

860
00:46:57,760 --> 00:46:59,959
Speaker 2: society's pressure, we got to own a home, we gotta

861
00:47:00,120 --> 00:47:02,840
Speaker 2: do this, Like all of a sudden, you've made a

862
00:47:02,880 --> 00:47:06,600
Speaker 2: decision that does not leave you financial capacity to have

863
00:47:06,680 --> 00:47:11,799
Speaker 2: flexibility in life. You know, I wholeheartedly believe that the

864
00:47:11,840 --> 00:47:15,239
Speaker 2: best wealth building strategies that exist out there are going

865
00:47:15,280 --> 00:47:17,680
Speaker 2: to be strategies that show up inside of your life,

866
00:47:17,760 --> 00:47:22,200
Speaker 2: opportunities that come from the people that you surround yourself with,

867
00:47:22,239 --> 00:47:26,000
Speaker 2: your community, your network, whether that means walking away from

868
00:47:26,040 --> 00:47:28,400
Speaker 2: a good job and starting a business, whether it means,

869
00:47:28,680 --> 00:47:31,399
Speaker 2: you know, buying the old Ladies farm that your family

870
00:47:31,480 --> 00:47:33,759
Speaker 2: has always been friends with, whatever it may be. But

871
00:47:34,520 --> 00:47:37,200
Speaker 2: the greatest wealth building strategies are not something that is

872
00:47:37,239 --> 00:47:39,799
Speaker 2: going to come from your retirement account. It's not to

873
00:47:39,840 --> 00:47:42,839
Speaker 2: come from a fancy insurance policy or anything like that.

874
00:47:43,200 --> 00:47:45,040
Speaker 2: It's going to come from you taking a risk that

875
00:47:45,120 --> 00:47:47,720
Speaker 2: you have the ability to control inside of your own life,

876
00:47:48,080 --> 00:47:53,560
Speaker 2: having the financial capacity to take that risk, and starting

877
00:47:53,600 --> 00:47:56,960
Speaker 2: a business, becoming a real estate investor one of those things.

878
00:47:57,760 --> 00:48:02,080
Speaker 2: But if you have thirty percent of your income going

879
00:48:02,280 --> 00:48:04,840
Speaker 2: just to pay for the roof over your head, you

880
00:48:04,960 --> 00:48:09,280
Speaker 2: do not leave yourself the financial capacity to accumulate enough money,

881
00:48:09,920 --> 00:48:12,640
Speaker 2: let alone go l hunting, but to take advantage of

882
00:48:12,640 --> 00:48:16,279
Speaker 2: those opportunities when they show up. And you know, most

883
00:48:16,320 --> 00:48:19,120
Speaker 2: of us here probably have seen some opportunities come and

884
00:48:19,120 --> 00:48:21,359
Speaker 2: go in our lifetime that we can look back on

885
00:48:21,400 --> 00:48:23,120
Speaker 2: and say, man, if I only could have done this

886
00:48:23,160 --> 00:48:26,000
Speaker 2: at that time, my life would look different today. And

887
00:48:26,080 --> 00:48:28,880
Speaker 2: that's a big part of the message that I hope

888
00:48:29,120 --> 00:48:31,680
Speaker 2: that people are hearing here is like, let's start making

889
00:48:31,719 --> 00:48:34,120
Speaker 2: decisions different so that we don't have to be the

890
00:48:34,160 --> 00:48:37,080
Speaker 2: person that looks back and you know, day dreams about

891
00:48:37,120 --> 00:48:40,200
Speaker 2: taking advantage of opportunities that have come by. That you

892
00:48:40,360 --> 00:48:43,680
Speaker 2: have the financial capacity that you to go el coming,

893
00:48:43,680 --> 00:48:46,600
Speaker 2: but you also have the financial capacity to walk away

894
00:48:46,600 --> 00:48:49,640
Speaker 2: from steady income, start your own job, to to you know,

895
00:48:49,920 --> 00:48:53,239
Speaker 2: be a real estate investor, all of those things. And

896
00:48:53,400 --> 00:48:58,879
Speaker 2: most of those decisions tied directly back to how much

897
00:48:58,920 --> 00:49:02,600
Speaker 2: of your income is going to pay that mortgage and so,

898
00:49:03,280 --> 00:49:05,719
Speaker 2: and it's hard like today's world, this isn't a this

899
00:49:05,800 --> 00:49:10,760
Speaker 2: isn't an easy solution. You know, I generally encourage people

900
00:49:10,800 --> 00:49:13,200
Speaker 2: not to have any more than fifteen percent of their

901
00:49:13,200 --> 00:49:16,400
Speaker 2: gross income going to cover their housing expenses. And this

902
00:49:16,440 --> 00:49:19,960
Speaker 2: applies towards renting too. So you know, simple math, if

903
00:49:20,000 --> 00:49:23,560
Speaker 2: you're making one hundred thousand dollars a year gross, fifteen

904
00:49:23,560 --> 00:49:26,160
Speaker 2: percent is fifteen thousand, divide that by twelve, that's twelve

905
00:49:26,239 --> 00:49:28,520
Speaker 2: fifty a month. Like you shouldn't be spending more than

906
00:49:28,600 --> 00:49:30,799
Speaker 2: twelve to fifty a month, and that is your that

907
00:49:30,920 --> 00:49:34,160
Speaker 2: is your target, that is your goal of where you

908
00:49:34,200 --> 00:49:37,600
Speaker 2: want to be. It's an ideal, it's not doesn't always

909
00:49:37,600 --> 00:49:39,360
Speaker 2: work out that way, but that's what you want to

910
00:49:39,400 --> 00:49:43,359
Speaker 2: aim towards. Because when you get to that spot, all

911
00:49:43,440 --> 00:49:46,200
Speaker 2: of this sudden You now have the capacity to not

912
00:49:46,239 --> 00:49:48,680
Speaker 2: only take advantage of the match in your four oh

913
00:49:48,719 --> 00:49:51,280
Speaker 2: one K, but now you can pay off that truck loan,

914
00:49:51,440 --> 00:49:53,799
Speaker 2: you can get out a student loan debt, you can

915
00:49:53,840 --> 00:49:56,080
Speaker 2: have a savings account, you can have an emergency fund,

916
00:49:56,160 --> 00:49:59,080
Speaker 2: you can have mid term money, you can you have

917
00:49:59,160 --> 00:50:03,080
Speaker 2: the financial opacity to be prepared to make decisions that

918
00:50:03,320 --> 00:50:05,839
Speaker 2: lead to a different life than most. And I will

919
00:50:05,840 --> 00:50:08,640
Speaker 2: tell you that is nice being in that position.

920
00:50:09,440 --> 00:50:13,719
Speaker 1: Yeah, yeah, I like you said, you know, I've I

921
00:50:13,719 --> 00:50:17,120
Speaker 1: think we've all seen like that, that those opportunities come

922
00:50:17,120 --> 00:50:20,359
Speaker 1: and go, and it's like like nowadays, I look back

923
00:50:20,400 --> 00:50:22,879
Speaker 1: and like, man, remember back when houses were this much

924
00:50:22,920 --> 00:50:25,440
Speaker 1: money and property was that much money, And man, if

925
00:50:25,440 --> 00:50:27,759
Speaker 1: I could have afforded to buy that property and then

926
00:50:27,960 --> 00:50:30,400
Speaker 1: you know, done something with it, you know, build storage

927
00:50:30,440 --> 00:50:33,319
Speaker 1: sheds or sit on it for ten years and then

928
00:50:33,560 --> 00:50:35,440
Speaker 1: and then dump it and make a whole bunch of money. Man,

929
00:50:35,480 --> 00:50:37,279
Speaker 1: I could have made a lot of money. But but

930
00:50:37,440 --> 00:50:40,200
Speaker 1: like you said, you know, when you're when you're when

931
00:50:40,280 --> 00:50:43,400
Speaker 1: you're at that twenty five percent, thirty five percent whatever

932
00:50:44,400 --> 00:50:47,400
Speaker 1: debt income on your on your home, sometimes you just

933
00:50:47,440 --> 00:50:50,360
Speaker 1: do not have that luxury having that extra money to

934
00:50:50,400 --> 00:50:52,799
Speaker 1: throw around. You're not able to save anything and put

935
00:50:52,800 --> 00:50:53,160
Speaker 1: it away.

936
00:50:53,280 --> 00:50:56,839
Speaker 2: So house rich, cash poor. Yeah, it's an awful spot

937
00:50:56,880 --> 00:50:58,000
Speaker 2: to be there, really is.

938
00:50:58,200 --> 00:51:00,960
Speaker 1: You get to enjoy a lot of nice steakhadations when

939
00:51:01,000 --> 00:51:05,120
Speaker 1: you know a situation you went on vacation, you oh,

940
00:51:05,120 --> 00:51:08,680
Speaker 1: we had a staycation. I mowed lawn and shovel dog

941
00:51:08,719 --> 00:51:10,400
Speaker 1: crap out of the yard. It was great.

942
00:51:12,440 --> 00:51:17,360
Speaker 2: Yeah. Well, the other big one that I often see is, uh,

943
00:51:17,840 --> 00:51:21,080
Speaker 2: and this sounds counterintuitive, but people being too aggressive and

944
00:51:21,120 --> 00:51:25,239
Speaker 2: funding their retirement. You know, iras four o one case

945
00:51:25,280 --> 00:51:28,239
Speaker 2: are good. We need those financial tools, but we really

946
00:51:28,320 --> 00:51:31,000
Speaker 2: need to understand actually how those tools work. It's not

947
00:51:31,160 --> 00:51:32,840
Speaker 2: just hey, the S and P has done X y

948
00:51:32,960 --> 00:51:35,800
Speaker 2: Z for thirty years. You know, let's do a linear

949
00:51:35,800 --> 00:51:39,600
Speaker 2: math equation. That is not the way investments work. And

950
00:51:40,400 --> 00:51:42,680
Speaker 2: we need four oh one case. We need iras. Those

951
00:51:42,680 --> 00:51:46,759
Speaker 2: are an important part of our overall financial profile. But

952
00:51:48,520 --> 00:51:51,799
Speaker 2: good example, just talking to a client that we would

953
00:51:51,800 --> 00:51:54,680
Speaker 2: all know right before this meeting, and you know, we're

954
00:51:54,719 --> 00:51:56,759
Speaker 2: talking about how much is appropriate to put in this

955
00:51:56,800 --> 00:51:59,560
Speaker 2: four oh one K and he's only contributing enough to

956
00:51:59,600 --> 00:52:03,080
Speaker 2: receive the match, which is exactly what I recommend for

957
00:52:03,160 --> 00:52:06,600
Speaker 2: the majority of people is contribute up to the match,

958
00:52:06,719 --> 00:52:10,520
Speaker 2: get that free money. But any money beyond the match

959
00:52:10,880 --> 00:52:13,680
Speaker 2: has to be money that you very carefully think about

960
00:52:13,760 --> 00:52:16,440
Speaker 2: and make sure is this the best use of these dollars.

961
00:52:17,000 --> 00:52:22,720
Speaker 2: Those dollars are essentially in that environment in the thirty years,

962
00:52:22,760 --> 00:52:25,120
Speaker 2: however long it is that you have retirement and you

963
00:52:25,160 --> 00:52:27,640
Speaker 2: know they're at risk or paying fees and taxes on

964
00:52:27,680 --> 00:52:31,880
Speaker 2: those eventually somewhere along the way, they're kind of not

965
00:52:32,040 --> 00:52:34,919
Speaker 2: part of your life until you're at least fifty nine

966
00:52:34,960 --> 00:52:38,200
Speaker 2: and a half. And so if you want to have

967
00:52:38,239 --> 00:52:42,440
Speaker 2: the financial capacity to do other things in life, anything

968
00:52:42,560 --> 00:52:45,359
Speaker 2: beyond the match is money that you really need to

969
00:52:45,440 --> 00:52:49,000
Speaker 2: think is this the best location to do this or

970
00:52:49,040 --> 00:52:51,560
Speaker 2: should these dollars be part of my life today?

971
00:52:52,560 --> 00:52:57,520
Speaker 1: Yeah, that's really good because in essence, you're basically taking

972
00:52:57,520 --> 00:52:59,680
Speaker 1: those dollars out of play, you're taking them off the table,

973
00:53:00,360 --> 00:53:02,600
Speaker 1: putting them in something you don't get to play with

974
00:53:02,800 --> 00:53:05,920
Speaker 1: for a long time. Whereas back to those opportunities, if

975
00:53:05,960 --> 00:53:10,359
Speaker 1: you're putting that extra money into some opportunity fund that

976
00:53:10,400 --> 00:53:13,520
Speaker 1: may fund your next project. Let's say, Okay, now I'm

977
00:53:13,560 --> 00:53:16,360
Speaker 1: able to become an entrepreneur if that's your dream or

978
00:53:16,520 --> 00:53:19,560
Speaker 1: or whatever, to take advantage of this next next thing

979
00:53:19,600 --> 00:53:20,280
Speaker 1: that comes along.

980
00:53:20,480 --> 00:53:24,279
Speaker 2: So yeah, I love that. Absolutely, it makes sense, you know.

981
00:53:24,800 --> 00:53:27,239
Speaker 2: And so and let me say this. You know, I

982
00:53:28,400 --> 00:53:31,480
Speaker 2: have to read my disclosure at the end of this podcast,

983
00:53:31,560 --> 00:53:35,520
Speaker 2: but you know, I'm a financial advisor. None of this advice,

984
00:53:35,560 --> 00:53:38,439
Speaker 2: none of this stuff that I'm talking about should be

985
00:53:39,040 --> 00:53:41,600
Speaker 2: listeners out there. You don't take this as financial advice.

986
00:53:41,920 --> 00:53:45,200
Speaker 2: Financial advice needs to be given on an individual basis.

987
00:53:45,600 --> 00:53:48,520
Speaker 2: These are just ideas, thoughts, things that I've seen that

988
00:53:48,560 --> 00:53:50,440
Speaker 2: have had impacts for other people. Whether or not these

989
00:53:50,440 --> 00:53:52,920
Speaker 2: are the right decisions for you, it's between you and

990
00:53:52,960 --> 00:53:56,880
Speaker 2: your financial advisor or financial planner. But you know, just

991
00:53:56,920 --> 00:54:00,480
Speaker 2: like medicine, you know, it's weird your people think of

992
00:54:00,600 --> 00:54:03,279
Speaker 2: the medical world and they you know, they think of

993
00:54:03,680 --> 00:54:05,759
Speaker 2: adults versus kids, Like you're not going to receive the

994
00:54:05,800 --> 00:54:08,000
Speaker 2: same prescription. It may be the same drug, but the

995
00:54:08,040 --> 00:54:11,399
Speaker 2: dosage looks different. Money is no different than that. The

996
00:54:11,440 --> 00:54:16,000
Speaker 2: dosage here needs to be individually applied. And so if

997
00:54:16,040 --> 00:54:19,200
Speaker 2: nothing else, I hope that you know, the listeners here

998
00:54:19,200 --> 00:54:21,279
Speaker 2: are getting some ideas and thoughts, maybe a little bit

999
00:54:21,280 --> 00:54:25,279
Speaker 2: of a different perspective than what they traditionally hear from

1000
00:54:25,280 --> 00:54:27,879
Speaker 2: this space, and so they maybe they questioned a little

1001
00:54:27,880 --> 00:54:30,800
Speaker 2: bit deeper and start looking at kind of what's going

1002
00:54:30,840 --> 00:54:33,480
Speaker 2: on in their own life and take some action so

1003
00:54:33,520 --> 00:54:35,680
Speaker 2: they can get some more of those non resident out

1004
00:54:35,719 --> 00:54:36,440
Speaker 2: of state text.

1005
00:54:36,760 --> 00:54:41,279
Speaker 1: Oh yeah, heck, yeah, Well man, it's been good having

1006
00:54:41,280 --> 00:54:44,799
Speaker 1: me on the podcast and catching up with you. I

1007
00:54:44,960 --> 00:54:48,160
Speaker 1: feel like, you know, we've got past the new year,

1008
00:54:48,320 --> 00:54:51,000
Speaker 1: the new year knew me thing, but I think it's

1009
00:54:51,040 --> 00:54:54,359
Speaker 1: still well, how many weeks are we into the year now?

1010
00:54:54,520 --> 00:54:54,800
Speaker 2: Three?

1011
00:54:56,160 --> 00:54:58,200
Speaker 1: Yeah? Like how many of us raise your hand if

1012
00:54:58,239 --> 00:55:01,359
Speaker 1: you already fell off your goals? Okay, we'll just get

1013
00:55:01,400 --> 00:55:04,160
Speaker 1: back on that horse and keep riding and dang it.

1014
00:55:05,080 --> 00:55:06,400
Speaker 1: But I thought it'd be a good time of year,

1015
00:55:06,440 --> 00:55:09,840
Speaker 1: you know. I think that's uh, finances and try and hunting,

1016
00:55:09,920 --> 00:55:12,279
Speaker 1: trying to figure out your your tags and stuff for

1017
00:55:12,320 --> 00:55:14,279
Speaker 1: the year. That's in everyone's mind right now. It's like,

1018
00:55:14,320 --> 00:55:16,239
Speaker 1: how the heck am I going to afford it? Maybe

1019
00:55:16,280 --> 00:55:17,920
Speaker 1: I can't afford it this year, but man, if I

1020
00:55:17,960 --> 00:55:21,960
Speaker 1: start now next year this time, I'll definitely build a

1021
00:55:21,960 --> 00:55:24,680
Speaker 1: afford that you know, must be nice hunt somewhere cool.

1022
00:55:24,800 --> 00:55:28,680
Speaker 2: Yeah, well, start now, because five years from now you're

1023
00:55:28,680 --> 00:55:31,320
Speaker 2: gonna be happy. You did, you know? And and uh,

1024
00:55:31,760 --> 00:55:34,680
Speaker 2: your financial life impacts every aspect of your life. And

1025
00:55:34,719 --> 00:55:38,160
Speaker 2: so it's just as important as as exercise or nutrition

1026
00:55:38,560 --> 00:55:41,800
Speaker 2: or faith. This is this is an important part of

1027
00:55:41,840 --> 00:55:46,360
Speaker 2: your world. And and so start making the movement. Start

1028
00:55:46,400 --> 00:55:48,560
Speaker 2: with reps, even if there's not a lot of weight

1029
00:55:48,600 --> 00:55:52,400
Speaker 2: on the bar, and add weight as capacity increases.

1030
00:55:53,320 --> 00:55:55,040
Speaker 1: Yeah, you talked to a lot of couples too, you know,

1031
00:55:55,280 --> 00:55:59,279
Speaker 1: relationships and and a common theme is what strains a

1032
00:55:59,320 --> 00:56:02,959
Speaker 1: couple's relations and ship is finances. Right, you know, there's

1033
00:56:03,000 --> 00:56:06,000
Speaker 1: always like some kind of a rift. There's things aren't

1034
00:56:06,000 --> 00:56:08,560
Speaker 1: going good in your finances. A lot of times things

1035
00:56:08,560 --> 00:56:10,319
Speaker 1: aren't going good with your marriage either, and it's really

1036
00:56:10,320 --> 00:56:13,680
Speaker 1: hard to get along and nobody wants that, dang it. Yeah, man,

1037
00:56:13,960 --> 00:56:19,400
Speaker 1: we're just becoming life coaches in this episode.

1038
00:56:20,200 --> 00:56:25,480
Speaker 2: Oh man, No, it's uh, You're not wrong though, you

1039
00:56:25,480 --> 00:56:27,920
Speaker 2: know you want to want to talk about an expensive

1040
00:56:27,960 --> 00:56:33,000
Speaker 2: hobby and try divorce. That's at that's really you know,

1041
00:56:33,480 --> 00:56:36,279
Speaker 2: I have never made that mistake, and yeah and so

1042
00:56:37,320 --> 00:56:39,560
Speaker 2: and it happens. I mean, lets talk to a client

1043
00:56:39,640 --> 00:56:42,600
Speaker 2: yesterday that you know it's it's going to cost him

1044
00:56:42,719 --> 00:56:45,319
Speaker 2: hundreds of thousands of dollars to get divorced. And it's

1045
00:56:45,360 --> 00:56:48,440
Speaker 2: just it's heartbreaking. I'm a big fan of marriage and

1046
00:56:48,480 --> 00:56:52,839
Speaker 2: working things out. And you know, it's any anybody's been married.

1047
00:56:52,880 --> 00:56:55,480
Speaker 2: I think we've got eighteen years here of this fall

1048
00:56:55,560 --> 00:56:58,480
Speaker 2: and they know it's not all it's not all uh

1049
00:56:58,760 --> 00:57:01,680
Speaker 2: peaches and cream, it's it's all. So so it's the

1050
00:57:01,680 --> 00:57:04,759
Speaker 2: hardest adventure I've ever been on and and the most rewarding.

1051
00:57:05,960 --> 00:57:10,040
Speaker 2: And yes, your finances have an impact on that, and

1052
00:57:10,120 --> 00:57:11,880
Speaker 2: so take it serious.

1053
00:57:12,960 --> 00:57:16,280
Speaker 1: In the words of the Tiger King, you may never

1054
00:57:16,360 --> 00:57:24,040
Speaker 1: financially recover from it. Big fan. I'm waiting for Tiger

1055
00:57:24,120 --> 00:57:27,280
Speaker 1: King two to come out. I wonder if Trump's gonna

1056
00:57:27,440 --> 00:57:29,760
Speaker 1: like pardon him and get him out of there and

1057
00:57:29,760 --> 00:57:31,760
Speaker 1: then we can get part two of Tiger King.

1058
00:57:32,160 --> 00:57:38,800
Speaker 5: Oh mans right here on the podcast. Oh boy, Well

1059
00:57:38,800 --> 00:57:41,800
Speaker 5: thanks again, Jeff, you need any closing thoughts or you

1060
00:57:42,040 --> 00:57:44,600
Speaker 5: said you have to read your disclaimer.

1061
00:57:45,240 --> 00:57:47,280
Speaker 2: Yeah, yeah, I've got a disclosure all ready, but I'll

1062
00:57:47,320 --> 00:57:49,600
Speaker 2: just I'll just say I hope that I hope people

1063
00:57:49,760 --> 00:57:53,240
Speaker 2: are encouraged from this. It is absolutely possible to go

1064
00:57:53,360 --> 00:57:55,640
Speaker 2: out there and be going on this level of hunts.

1065
00:57:56,440 --> 00:57:59,000
Speaker 2: You know, there's there's lots of resources out there for

1066
00:57:59,000 --> 00:58:01,720
Speaker 2: people to learn about the points system, and you know

1067
00:58:01,760 --> 00:58:03,600
Speaker 2: what it costs to go on these hunts, all of that,

1068
00:58:03,640 --> 00:58:06,160
Speaker 2: but start today, like you're not going to get there

1069
00:58:06,160 --> 00:58:08,240
Speaker 2: if you don't start today with at least the movement.

1070
00:58:08,560 --> 00:58:15,480
Speaker 2: And as far as disclosures go, Investment advisory services are

1071
00:58:15,520 --> 00:58:18,800
Speaker 2: offered through co HO. I am a representative of Coho

1072
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Speaker 2: Advisory Services. Nothing I've given into this podcast is considered

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Speaker 2: investment advice. This is solely for informational purposes. Please talk

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Speaker 2: to your advisor about anything that I've talked about here today.

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Speaker 1: Awesome, awesome, Well, good luck this next fall. And I

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Speaker 1: hope your your son's football team carries on the winning streak.

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Speaker 1: I know Sandpoint's got a strong football program all the

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Speaker 1: way through high school, so good job.

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Speaker 2: It's impressive. It's a great community. We love it, blessed

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Speaker 2: to be here for sure.

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Speaker 1: All right, we'll catch you up again later Thanks

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Speaker 5: Derek, Thanks no