Building a Family Legacy Beyond The Net Worth

Hey, this is Loral. Welcome back to Loral's

Real Money Talks, a podcast about money. We talk about how

to make it, how to keep it, how to invest it, why you need a

team. There's no such thing as a self-made millionaire. We're

team-made. We support each other, and there has to be some

collaboration and integration. The financial services world is

extremely segregated intentionally by licenses, and

my job has been to bring people together, advocate the

integration of your financial wealth team must talk to each

other or you don't really have a plan. Today I have I'm going to

call him a dear friend. We haven't known each other that

long, but our missions have been so aligned, both faith-based.

I'm going to just lead that out because he just wrote a book

that I can't wait for him to share about his faith and his

journey has been amazing. Scott Dennell's with me, visionary

entrepreneur. We're both unemployable people. So, Scott,

welcome. Talk about talk about your journey a little bit

because I think it's inspirational. Because you know,

some people could have seen it as you know failing. I mean, I

got lots of those chapters too, and I saw it as a huge

transition to actually the biggest work you'll probably

ever do.

Yeah, yeah. Well, if you and I had resumes. If we

cared about resumes, I guess we'd have pretty cool ones. We

would. They'd be

aligned too. They have very similar paths.

Yeah, yeah. So, yeah, I think it's been a wild,

you know, 20 years in business. 12 companies, 12 million

families we've served. We've, at one point, I was the leading

expert in financial competencies for young kids. We've done 5000

kids business fairs. We help families all over the world. Now

we help rescue kids from human trafficking with Tebow, and now

we coach families on legacy and have just wrote a book on the

kingdom of heaven. So it's been a wild journey, unemployed,

unemployable, just like you. So yeah, I think here's my view.

Like, I think if you're going to succeed in life, you have to

have a view of failure that is positive. You have to be able to

think of life in terms of win or learn, not win or lose. The

greatest breakthroughs I've ever had in my life have come on the

back of things that didn't go as planned, and

isn't that true?

It's true in relationships. It's true in

business. It's true in honestly in health and in home and kids.

Like I, you know, we we work with a lot of families now, and

whenever I meet families, the first thing they tell me is

like, "Where were you 10 years ago? Where were you 20 years

ago? We we have all these mess ups. We've had all these screw

ups. And so my rule of thumb, Loral, is this: every setback in

your life is actually a setup if you let it be.

Yeah.

Okay. Things don't just happen, you know, at

you. They don't happen to you. They happen for you. And I think

God, you know, He doesn't just rescue us from things. He he

helps us prepare us for things. So the the struggles in

business, you know, you and I have both made and lost a

million. We've made and lost 10s of millions. We've had

incredible successes and failures along the way, but

every single one of those that, if you look at it the right way,

I can already tell you that they have been the greatest blessing

in my life. They've unlocked more opportunity than I've ever

seen. They've turned me into a person of humility, of faith, of

love for other people. It's given me wisdom I could never

earn otherwise. You can't learn. You know, one of my rules with

kids and teens is this: you can't learn without the word

"earn. You can't even spell it without "earn. So you've got to

earn these lessons in life. You can't just like your mom and dad

can't just tell you one time and then all of a sudden you learn

it forever. You got to go through these things and earn

the lessons. So very grateful to be here.

I love it. So let's talk legacy because that's

our com. That's some of our common language, and then I want

to end with the. I'm gonna actually click a little

stopwatch on because I know you and I could just keep going and

going and going, and

yeah, and we're

actually those of you that are listening.

Scott's been on before in a different conversation, which is

a transition, which which caused this transition. So you can go

back and look at my podcast, and we'll do at least one more, if

not more. If we could get Tebo on with you, I'd love to have

one just on human trafficking, and you know where I want to

spin that one, and not spin. I might want the angle and the

direction to why it is so profitable. It it is it makes

any other industry. I mean, it's disgusting the profitability and

the money made on those kids. I think it's it's a 500

it's a $530 billion industry of today, as of

today, with 50 million children and women caught up in human

trafficking. It is the worst scourge on the face of the

planet, and that's why we have to we can't just sit back and do

nothing. So we're. Tooth and nail, yeah. I love

it, and I'm going to help join in on that.

You know that legacy,

by the way.

That is legacy.

So if you want my thoughts, real quick, yeah, go

ahead. Yep. Okay. Inheritance is what you leave to someone.

Legacy is what you leave in them.

Yep.

Okay. Heritage. That's why I say heritage over

inheritance. Like, what do you care about? What are your

beliefs, your worldviews, your values, your relationships

inside your family? What are you going to be instilling into your

kids and grandkids? That's a million times more important to

me than net worth at death. I'm not against it. I'm all for it.

Like, let's train up the children in the way they should

go. Let's teach them to be qualified to earn and steward

money well, and not have money master their life, not be their

idol. Have them be able to be generous with it. How how to

create value and scale it well, invest it well, have delayed

gratification. All that's amazing, but so many families

are focused on the number,

yeah,

and they're not focusing on the actual legacy of

what they're leaving in their kids and grandkids, and that is

the game. If you can nail that, then honestly, Lorall, my belief

is like, hey, that makes the money in its proper place. Okay,

and so my whole thing is like, let's. I want to make

inheritance with my kids and grandkids a non-issue.

Yeah, because

if it's a non-issue, then it's a blessing.

If it's if it's everything, like if it's a form of buying back

their love, or it's my job to secure their future and protect

them and give them the comforts and the things that they can't

get on their own. No, now now it's coercion, it's bribery,

it's a problem. You know, like you're going to create

entitlement with that. You're going to create estrangement

with that. You're going to create victimhood with that. So,

my whole thing is like, let's make inheritance a non-issue

because then it can be a huge blessing for our kids and

grandkids because it's not their identity. It's not like going to

fix anything. It's just adding on to what's already established

as a firm foundation. Does that make sense?

I love it. I love it. Yeah, and Scott's been

doing more and more work just in this conversation. I know when

we first met, Tom Ziegler actually was the first one who

described inheritance and legacy the way you just did, which is

you know what what you get versus what you leave behind the

roots, right, the values into your family, and that is a lot

of the work that I do. And then from you, what I want to do is

you're going to hand those people to us to get the actual

details done-the taxes, the corporate structure, the trust.

So that's what we do. And Scott does an amazing job and comes

from a big family of legacy as well.

Yep.

So let's let's let's going to switch gears a

little bit to your book. Yeah. So and how that book? I mean,

we're both Christians. We're both faith-based. It's

interesting that both of us, kind of later in our careers,

are talking louder and prouder about it. Not that we weren't

loud and proud, but it wasn't our messaging. But to combine it

into the messaging, and you got a new book coming out, and I

want everybody to go get it. And I, I want an autographed copy,

of course. All

right, deal. Well, I, I'll tell you, it's

been a wild ride. The book is called Kingdom Habits. Okay,

you're not even gonna believe this is the first year hearing

about it. That's a drop of Jesus' blood, by the way. This

is wild, Loral. Okay, so last April, I felt the Lord basically

tell me go into your prayer closet, and I have a message,

and he just downloaded this crazy operating system. This is

like the gospel as an operating system. Here's how God set up

the game, and our job is to live into these kingdom habits. And

you know, if you're a Christian, if I mean, I love Jesus. I love

Jesus. I don't pull punches, all right, but the truth of the

matter is, you know, God loves us. He set up creation in a

certain way that allows us to thrive and flourish, and he and

whatever God created, the devil's going to counterfeit it.

So, what God set up as like, hey, here's what makes for a

beautiful life, the devil's like, hey, I know how to pervert

it. I know how to pollute it. I know how to destroy it. I know

how to like prostitute it and warp it, right?

It looks the same, but it's totally not in

the basis of the same.

That's right. I call it two truths and a lie.

Like the devil's really, really good at warping things one

degree off, right? Like, and so the book it has 18 habits of

living in the kingdom of heaven, advancing the gospel, loving

other people, flourishing, and you know, living with God and

Jesus and and yielding to the Holy Spirit. Like here's how we

do it, and I'll just pick one of the habits. Are you ready for

this? I'm

asked for your top three, so go with the top

one and then go. All

right, here's the one that's gonna make make your

audience go. What? Okay, here we go. This it's the second habit

in the book. It's called the habit of dethroning. Okay. In so

in the Gospels, Matthew six and Luke 16, Jesus says you can't

serve two masters. You'll be loyal to one, you will despise

the other. You will love one, you will hate the other. You

can't serve both God and Mammon. Now, the word a lot of people

use today is the word money, but it actually isn't money. Okay,

the word that was in the Bible was an Aramaic word that they

never translated to Greek. It was called mamos. Jesus actually

used the word mamonas, mammon, and it's not money because

everyone. This is what people get wrong about money. Money is

not good or bad, Loral. Money is a tool. Okay, if you think money

is everything and you love it, that's the root of all kinds of

misery and evil in your life. If you think money's bad or like

the devil, well, God gave gives money to people as a blessing to

steward and give and help people and build businesses that create

jobs. Like, what are you talking about? If you think money is

evil, you have a poverty mindset, and you're never going

to have any. Like, you're just going to waste it, and you're

going to say terrible things to your kids about money, and make

them feel terrible and create all these money traumas. So,

money's not good or bad. It's just it's a tool. It's it's a

store of value. It makes you more of who you already are.

Okay, but that word was called mammon, and it was a pronoun

that Jesus said, and and if you study the word mammon, here's

what mammon is. Mammon, he was actually naming like a spiritual

force, like the devil. So mammon is is greed and avarice and this

insatiable lust for more. I call it the little G God of more. So

the whole point of and and this is the rival master of God. So

he's naming a spiritual power here. So Mammon is this

insatiable lust for more. Got to have more, more stuff, more

money, more power, more influence, more cars, more

homes, more businesses, more beauty, a better family, a

six-pack, a million more dollars. How much is enough,

Loral? A little more.

Yeah.

And that is the rat wheel that Mammon, that the

devil wants to get us on. And if you do that, all it does is

create anxiety, and it creates frustration, and it creates this

performative living, where you're always toiling, and it's

never enough. And so the only way to dethrone it, and by the

way, Mammon's an idol factory. It just creates all these idols.

All the things I just mentioned are idols that become in our

lives, and we worship those things. We we think about those

things. We cared so deeply about those things. We have to hold on

tightly, instead of surrendering to God. Mammon becomes what we

worship, this spiritual force, this insatiable lust for more.

And the only thing mammon will never give you is peace. It's

because peace is not something that you can buy. You can't earn

it. You can't achieve peace. Peace is a person. His name is

Jesus, and that's why it says, and many times throughout

Scripture, but in Philippians it says He gives you peace beyond

understanding. Like contentment and peace come from surrender to

God, and the only way to do that is to dethrone these idols from

your life, you have to surrender and repent of them and get them

out of your heart, so that you can put God back at the center

of it and surrender everything to Him. So that's

so I want to reframe just and correct at it

if I'm not hearing that that way. So the folks listening, I

was going to speak to those who wouldn't say they're a Christian

or like I know a lot of people of different religions say they

know God, but they don't know Jesus, right? So just speak to

the people who you don't have an identification of saying that

I'm a Christian, right? And this isn't this is for anybody to

listen to, even if you say I'm an atheist.

Yeah. So

when you, because I've been doing this

amazing prayer, is like not my way. It's like your way, your

will, right? That's kind of one of my. That's the

surrender prayer. The surrender prayer

always is not my way. But what's interesting

when I just heard you talk about idols, so I'm going to give some

different context or different words for maybe people to get

because I don't know that people would say that I idolize it. But

the more you think about it, which is the anxiety, the time.

If you think about in your day how much you angst think about

the thing. In a lot of way, that energy and that time is a way of

idling. Correct.

That's right.

And so the mind. So

let me let me bumper it for you. Whatever you

cling to most owns you. So an idol is something that over

time, the energy, the focus, the thoughts, the emotions around

it, explosive emotions. Okay, you can if you want to find your

idols, just study what your explosive emotions. Wherever

you're comparing a lot and worrying about, and anxiety or

frustration over, if you lose it or need for control of it, those

are idols. And anything aside from God is an idol of Mammon

that just honestly it creates havoc everywhere because the

devil's whole goal is to steal, kill, and destroy all the good

things that God created for us to enjoy. And so, I'm all for

enjoying things in our in this world. Enjoy creation, have

these beautiful things, and have abundance. But when you cling to

them as your identity, right? Right. Like I gotta have this,

or like. My life's going to be over, you know. I've like that's

the and Scott. I want to just take it outside

of the realm of money because I was just thinking of the amount

of people because I'm so, you know, my master's degree was in

exercise physiology, and I'm everything we're doing now at

our big table because we're 26 years in, so 26 year, which I'm

super blessed to have had, you know, the opportunity to train

that many people, but I'm ending my career with our whole room.

Like when you come back in at our table next spring, it's all

health and wealth. Like we have tons of health modalities

because I always say the wealthiest and the healthiest

live in alternatives, not in what's normal in the world. But

the idolization you're talking about also isn't just the

mammoth. Isn't just about money. It's about those who like their

entire obsession is about their body.

Yeah,

right. I mean, there's like I want to go. I

just I just wanted to identify or just you know re recognize

this is a reign. This isn't just about money. This is anything

that you're giving obsessive time to.

That's exactly right. So money. The reason why

money is like has this almost like spiritual powerful status

is because money is three things about money. You ready? The

reason why I think Mammon uses money as like the main weapon is

here. Here's why: because it's storeable. It's storeable power,

Loral. You can store it up. Number two, it's measurable

power. You can actually see the amount of power that it can get

you, or and then so like a CEO, you know, or the president.

You're only you don't know the extent of your power. You can't

measure it. The a president is only present for four years,

right? Like that's not the same as storeable, measurable power.

But the biggest thing about money is it's fungible. Money

can immediately transform into any idol that I want, because I

can just use the money that I've acquired to get the things that

I want to build my own kingdom and have my own idol. That's

what beauty and security and comfort and one more zero in the

bank account, one more deal, and I'll be fine. One more house,

one more asset, one more thing, and all this is just striving

after the wind. It is. This is what Mammon is trying to get us

to focus on, and so surrender is the only way out. Like full

surrender to God. Like this is my belief. It's like surrender

is what to God, letting Him control your future, letting

just saying you're in charge and not me. Like you are what I want

to cling to, and nothing else. And then that's where peace and

contentment floods you like a tidal wave. Where can people

get your book?

Here's the crazy part: when I finished it, the

Lord said, "Don't put your name on it. So literally, it's like a

tiny Kingdom Habits and a drop of Jesus blood. And so I don't

know where you can get it. We'll have it out in a couple weeks.

You can probably go to Amazon, just look up Kingdom Habits, or

go to our website kingdomhabits.com. So

is it out already?

There is some secret links out there, but the

Lord said, "Do you want the glory, Scott, or me? Good. And

so I said, "You. And so I didn't do any forwards, no

testimonials, no endorsements, no name on the front. I'm

just-it's all for him. He gets all the glory because he-I feel

like he wrote it, not me. I just was the first to read it. You,

yeah, you were-you were the channel. Yeah,

I was.

Yeah, I was just. It was an honor to do. Like the

book, the book was not the project. I was. Yeah. So

I love it. There you go. Last thing, really

quick. So I'm gonna have you back. We're gonna do a couple

series on this. One on the book, and I want to bring Tebow and

let's have a very serious talk about the monetization of sex

trafficking-it is horrific what goes on and what's gone on

around the world and what's tolerated. So leave us with some

words of wisdom. There's a site people can donate. Give us some

insight there, and then when we have Scott back, we'll drill

down into some of these topics deeper.

Yeah, I mean, if people want to know more about

it. They, I was anything at the Tebow Foundation's phenomenal.

Our group is called the Clapham Accelerator. We have hundreds of

organizations that are fighting and building technology and

doing policy work. It's called Clapham. It was named after

William Wilberforce, the first abolitionist with his team 230

years ago. They were called the Clapham Sect, so we just call

ourselves Clapham because they can go as their

website.

Yeah, clap themaccelerator.org. They can

apply or donate if they want to get be a part, or go to the

Tebow Foundation, give big to them. Or if you want to invest

money, you can go to the Eagle Freedom Fund, who's our partner,

and they give a return by investing in all these tech

startups as like a diversified portfolio. Because we need we

need billions to fight this thing, so we're scaling hundreds

of millions of dollars to fight this. So it's a big deal.

Very cool, Scott. It's great to see you. So

great to catch up. So blessed that you have taken this

transition, and I'm looking forward to reading your book.

Thanks, Loral. Appreciate you. God bless

you. You too. Those of you listening, we will

be back with Scott on another Loral's Real Money Talks, and if

you have any questions, go to askloral.com. A S K L O R A L.

Ask a question, make requests. We'll be back next Friday.

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