Value Creation Family: Teaching Kids Real Money Skills

Hi. This is Loral. Welcome back to Loral's Real Money Talks a podcast about money, how we make it, how we keep it, through corporate structure, trust and great tax deductions and tax strategy. And then, how does your money get invested? So between those, how you make it and how you invest

it is the pattern of millionaires not make spend, make spend, and then midway through your life, wonder, I don't have enough to live the rest of my life on. So I actually have a gentleman with me today. We're going to talk about how we make money, but he has a bigger story about how he

became a multi, multi millionaire, or even more, probably rightly, and has a great backstory, and what I call

is formerly known as gravy stack. For those of you have watched my podcast for years and seen that come to light, and that has been revised and reset completely. So we're going to come to that in a moment, but Lee, talk about your just how you made money in your early years, and then we'll end up

with the dinner table and why that project's so critical and important to you and I

Yeah, of course, Loral, thanks for having me. Enjoyed watching a lot of your episodes getting ready for this. So thank you so much. I came from, I think it's a pretty typical story, a very low income family kicked out of the house in high school. So I spent my senior year on my own. My

parents actually, you'll cringe at this. They actually charged up debt in my name for credit cards, a couple couple grand each, wards, Penny Spiegel and Sears. Lowest interest rate, I think, was 23% highest was close to 28 took me years to pay that off, so I wouldn't turn them in and have them go to jail. So I

started from there. And the first half the 1980s I played in a rock and roll band over 1000 nights. That's how I made most of my money. Started my first company in 93 and I've started eight companies from scratch. I've had three exits, one for Wellington, nine figures, one for eight figures, one for seven

figures, all of them cash. I'm on a chapter of my life, and I hope I have many more to go. I just love being on the front lines and creating value. And I've learned so much about managing money, making money being really smart with all that stuff, and that's what I appreciate about your show, and

just getting people to intentionally think about all of it. And the biggest company that I built was a company called and I sold two, actually into one, but able aerospace, I sold it to text run aviation, and we had 2000 customers in 60 countries, 500 plus employees in Mesa, Arizona, had team members all

over the world. It was an incredible business repairing and overhauling aircraft parts to safely reduce costs for the operators out there. And then at fast forwards to where I'm at today, I have a company called execute to win or ETW,

and that company does a lot of consulting for a number of businesses that apply our mind management system to help run their companies. One of them was gravy stack, using our software. And when that idea didn't take off and really work, there's, there's a lot of challenges with that model. I was asked by the

board of directors to come in and help. And so we've completely reset that business, and now what we're doing is building a community of families raising kids that will create value in the world. And maybe bigger than that really is, how do we how do families intentionally create holistic

value? And when I talk about holistic value, it's three things, it's material value, which you're so good at helping people with that, but it's also emotional energy value. I think positive emotional energy is the scarcest commodity on the planet. And it's spiritual value creation, which is about

connectedness. It's not about religion. It can be but being connected, I think, is really important out there. So how do we as families come up with the right balance of material, emotional and connectedness value for them. Yeah, and it's we. Today. We have over 40,000 parents in our dinner table,

family, community and growing, and the goal is to take it to millions of parents being really intentional about how they create holistic value. I love that. And for those of you that have been watching my podcast for a while, and which, by the way, if you're here, go ahead and subscribe. Click that

notification button. So every Friday morning, you get a new podcast that pops in, but in May of 2022, so now going on what? 34564,

years, was the make your kids millionaires book. So that was, I'd say, the final chapter of how I made millionaires, and then how I put it into our family. And then really started working on legacy work. So if you haven't got that, make sure you grab that. But that also around that time.

So when did gravy sex start? Lee, I forgot the the year that I invested, I think was right around the same time that I was coming out with my.

Kids book, yeah, and I wasn't involved in the very early stages of it, but I think it was a little over four years ago. So it's been a while. It's been a minute. Yeah, it's been a minute. And so some of you knew about gravy stack, and as Lee said, it's been absolutely transformed. So let's talk about

the dinner table like you just said. It's about not only material, but emotional and spiritual, and I just want to lay some framework for our listeners. And I'm curious how you think this is what I say, which I truly believe in. I don't think schools should teach money. I don't know how many

people go to my ask Laurel and say, How come? How come schools don't teach it? How come the churches don't teach it? And I said, it's the parents job. It's, I think, entrepreneurship, as you know, Lee, it's a learned skill. It's not something we all wake up with, because what we all wake up with is go get a

job, and then how to invest is go put it in 401, K, and that's the simpleton way. And that is not how entrepreneurialism and wealth building and multi millionaires live. So

when you think about the dinner table and the value creation. I mean, talk a little bit to the parents that are listening, because I think it's the parents job. I think you believe that as well. Yeah, I like the way you said that the origin story for this idea for dinner table started about 10 years ago. For

me, I was involved really heavily in a nonprofit called a for Arizona, a 1.0 version and a 2.0 version here in Arizona, and it was focused on creating better conditions for K 12 students to learn. And we raised well over $100 million imported into transportation programs and innovation and education, all

this stuff. But every time we went to the state legislature, it was always adults fighting over money, never about the kids. And so I thought, I'm not going to be able to fix this from the inside. We can raise money, but it doesn't last in terms of the impact. The only way this is going to happen is

if we get families to own their kids education. And the purpose of an education, to me, is to create value in the world. And one of the things I always ask the kids is, how would you like to create value in the world? And how do you think about creating value? Now we start this journey of exploring what

that actually looks like, and it's pretty amazing what starts to happen. And so I've kind of backed away from trying to fix our education system for K 12 from inside, because I've heard people describe it as a conveyor belt system. You know, get a good grade, get a diploma, get a degree, get a job, and in a lot

of ways, stick the taxpayers with the bill and then not have a clue as to what you want to do. So yeah, I think families should really own that. But if it's not contextualized around, how do you want to create value in the world? We should help kids discover that.

Then, where is it going? And I think that's really the challenge. Does that make sense? Laurel, Oh, absolutely.

And you know, inside of that, let's talk about financial literacy versus financial competency, right? Big difference. So describe that. And you know where I'm taking. This is Sharon Lacher. Is a very dear friend, and she did get in Arizona, where you live, where dinner tables, you know, home

is, she did get some legislation for the Arizona School systems. But to your point, where's the level of value? Who's really teaching it? Where's the quality controls, and I think that, you know, it'll be interesting to see how that actually would after all these years. You know, if you took a test on literacy

and competency, I don't know how high those scores would be yet, because, again, the school system

isn't where they should be. Yeah, I'm a fan of Sharon Lacher. I'll probably see her next week at a book event for a friend of mine that she's hosting at her home, and I actually sponsored and gave money to one of her events a number of years ago as well. So I am a fan, but there's a big

difference between literacy and competencies. So we take a test and we understand these basic money things, but we don't have a way to apply it, and that's what I love about the work we're doing at dinner table is we're giving all the contacts. You're actually learning about money by applying it. There's eight

different money skills that we go through, and all of it's with a value creation mindset. So for example, one of the things that we do foundationally within families is make the monthly budget a team sport. So I'll meet with my sister, her kids, her four grandkids, once a month, and we go through the

family budget. And even the six year old, she actually just turned seven, has a line item on the family budget. It was the Dutch Brothers budget, and they would have a certain amount of money. And now that we're about a year into this, her and her sisters figured out, you know, we could buy the ingredients

make this stuff at home for about 20% of what we've been spending going out to get us. So they started doing that. So it's this big team sport, the whole family's involved with the budget and and the kids now get to decide when they beat the budget, where does that money go? And last year, they picked

Yellowstone to go. On vacation. So we all went there. They picked it. We used the extra money that we saved for that, and then this year they'd like to go to Yosemite. So I'm kind of looking for places right now to do that in mid to late June. But how cool right now you're learning about money. And what

was wild when we started this a 16 year old in a family couldn't calculate 5% of an amount or even 10% of an amount, because the first line item we like to have on the budget is savings. So they're learning these basic things in school or wherever, but they're not remembering any of it because they're not

applying it anywhere. I think that's really the difference. So I'm interested in financial competency, the application to create value in the world. Not Can you recite something on a test?

So talk about those eight money skills, just from a high level. And then continuing, in addition to the family budget as a team sport, what are their activities go?

Yeah. On the money skill side of it, I like to start with earning, because without that, if you don't have money, then where does it really go? And that can be different for kids of all ages. You know, we're really big believers, and everybody has a job for the family where they contribute,

but you can do extra things to earn money on top of it, and then that starts changing as the kids get older, they get their first job and everything that goes with it, also teaching about the money skills they're they're picking up expenses starting at an age appropriate for your family, so they learn

the value of money. But I like to start with earning, and then the second money skill that's super important to me is protecting. It's like, as soon as you get it, there's people, it doesn't matter what the amount is. People are coming from every angle, legitimately and nefariously, coming after

your money. And then third budgeting. So how do we want to do this fourth saving as you go through, and then spending? And so that's kind of the order of importance, walking through all this stuff, in investing, and borrowing, sharing is really interesting, right? When you go to share the money, it can feel

really good to give to a nonprofit, and we can virtue signal and say, we did that, but did it really make a difference? And and then a really interesting part for families. Families will be told that, hey, invest in my their friend's business and and it's going to be amazing. You're going to get

a 20x return. It's going to be and they lose it more often than not. And so just being really careful about how we invest, how we share, but walking through the money skills and thinking through the scenarios, I published a book about eight weeks ago titled value creation family. And in there, I walk

through these money skills and all with the value creation mindset, how to think about it and apply it, and whether we teach it in school, we do it in your programs, we do it in the home. And I agree with you, the family should own their kids education, and the parents should own their education as

well, so they can get better at this stuff, but all of it through this value creation mindset and and you use the word legacy earlier we want to build. This is about continuation, not a point in time where we got a big payday, right?

Yeah, so talk a little bit more about your book. When I want to, I want to have you just on about the book. Once I get a copy in my little hands, we talk about the book. Is it? Is it the eight skills, or is there more inside of it? What can families that are listening look forward to it,

and how do they get it?

Yeah, there's a lot in the book really going through the entire dinner table method and how you foundationally apply this in your household. And it's not here's this great new concept and sort of fancy ways of talking about things. It's a real practical guide to doing this stuff, especially if you

have a really chaotic family environment. Everybody's busy maybe working multiple jobs, and kids have events going everywhere. You can actually apply this stuff. It was interesting. We're only out eight weeks, and there's 93 really thoughtful reviews that have been written on Amazon.

Reviews even has a 4.8 plus rating on Good Reads. I mean, it's resonating well, because they're taking it and they're saying these are things we can actually apply foundationally within a family. One of the first things we ask people to do, and I talk about this in the book, is to have a monthly

family meeting without fail, and go through the family goals and revise them together as a team. And it's amazing what a low percentage of families out there actually do this. There's probably 50% of adults and kids will set goals in some way, but almost none of them set goals as a family. So in these family

meetings, we're setting and revising goals. We're talking about everybody's job for the family and refining it. And if we want to go on vacation or do this thing or. Whatever it is, the more we all do our jobs, the higher chances of those things happening. And then we talk about what it means to be a

leader in the family. I've done a lot of research on on families, looking for the matriarch and patriarch and the stories behind it, and it's fascinating to me that virtually and I wasn't able to find one, but virtually no families come up with a list of what it means to be a leader in that family.

And so when we're talking about in these monthly meetings what it means to be a leader in the family, everybody can be a leader. And I'm looking at them that way. Of course, you can be that, but typically it just sort of happens, and there's always an amazing story. And the families that did have

leadership traits that they talked about, it was because there was a family business, and are getting the kids ready to go into the family business. And then we talk about the budget. How did we do last month? This was a team sport, and it's a pretty energizing meeting that runs, you know, for me, about an

hour, and everybody's in the game when we're doing it. And one of the one of the pieces of feedback from my family when we started this a couple of years ago with the kids, they say it like it's an epiphany, I can create value in the world and and I run five in per three in person and two virtual dinner

table communities. And the longest running one I have right now is 16 months. That's just about as long as we've been doing this since I took over the company. And it is wild to see the transformation. Even the kids are saying to their parents, you know, mom, dad, we have to go to this because, you

know, Mr. Lee, me, we're someday, we're going to start a business together. We're going to do stuff. We're learning so much, and this community has grown from a couple of families to about 100 in total. And around 60 of these families show up every month for for our community meeting, where we're

actually meeting. And in the book, we're talking about all of this stuff, value creation on the material side, it's so important to get that right from a financial security standpoint, that that peace of mind, everything that goes with it, but also positive emotional energy, which, again, I say, is

the scarcest commodity on the planet. And how do we affect everybody, our energy when we walk into a room, into the family, and then on the connectedness side kids, with themselves, with their siblings, with the all of the family members, extended family communities and the opportunity

on the spiritual value creation bucket. When it comes to connectedness, I have communities all over the world that I'm connected to, and there's no shortage of opportunities. I never feel lonely. I mean, I can, I can go anywhere in the world and have a brother, a sister to, you know,

that's sort of adopted I can hang out with. So we talk about creating value in all those categories, the money skills, family leadership and so much more.

So we talk about what winning with money is, because I think that's, uh, can be really miss, misled and misunderstood?

Yeah, when, when you say it that way, what I look at is, are you in balance when it comes to creating value? Because winning isn't having an amount of money. To me, I'd love to get your take on this Laurel. Winning is how we feel going through life, and I think that's literally everything, and we

need an amount of money to be able to live the lifestyle that we want and feel amazing going through life. And those, I bet you've got a few that you've met along the way, that that are kind of in this boat, those that focus way out of balance, mostly on the money piece, pretty darn unhappy. I know some folks that

are that have a lot of wealth and they're incredibly unhappy. And I know some folks that they're living within their means, but they're making less than $60,000 a year, and they are some of the happiest role model people I've ever met. I want to hang out with them and go on a hike way before me. You

know, hanging out with some of these billionaires that are completely miserable, but does that? Does that resonate? Oh, 100% 100%

and I think that a lot of them also just with money, the way they've isolated, like just talking to their kids, right? I mean, we I make millionaires. So out of them, when you ask their kids, do they even know what mom and dad do? They go to work and they don't know if work is an

entrepreneurial venture. I mean, it's, it's sad, honestly, how few kids know anything about their parents and how the money is made in the family at all. So that's why it's not the number. It's, like you said, it's, it's in for me, also it's about the experiences. So like, I'm at a point now as an empty nester, my

daughter's eight or 19. Just turned 19 and 26 and he just got married. I mean, our entire family meeting is about where we're going to go to have experiences and not wait till late in life and and really design those experiences as a family to create memories. So as we ask, all you know, our

moments of memories and we intentionally create them. Yeah, so it's, it's, it's critical into

one of the points you made there about kids not knowing what their their parents do. Most families that I talked to, they kind of look at me sideways when I say, Make family budgeting a team sport. Like, wait a minute. We don't want kids focusing on that. We want them just getting good grades.

Well, wait a minute, what's going to set them up for being a value, creating amazing adult someday? It's not that they got a good report card, is that they actually have life skills. If I could go in and wipe out education and start over again for K 12, there'd probably be, you know, four subjects that are

mandatory and then the right sort of electives, but it would be English. You communicate every day. Be math, you definitely use that every single day. I would teach history so we learn and don't continually make the same mistakes over and over again. And the fourth would be life skills.

Yeah, life skills right up at top, because, yeah, the lack of life skills. And then even in English, I mean, given that everybody is here typing and they forgot the kinesthetic attachment to your brain and actually writing, there's so many kids who can't even write. They don't even know

cursive. You say cursive and they're like, what's that? Yeah, it's sad. So talk a little bit about the parents. Talk to the parents out there who might be a little hesitant to take this on or not feel like they're they're skilled enough. I got that a lot when we launched our book is how teach my kid to be a

millionaire. And I said, again, it's a family sport, and you read the book with the kid. It's not a book that you're just going to hand to the kid. It's all sorts of interaction and all sorts of activities that I did with my kids, teaching them when they grew up from getting businesses at three and four

years old, age appropriate, little, tiny stuff, but you know, their ability to understand how to make money. But what are the mistakes that you see? I mean to me, the the parents, number one is making themselves and their lack of any competency an excuse to not bring their kids in. I said,

didn't then start together. So that's kind of I handle it. I'm curious how you handle it at the dinner table. And if you hear that, I'm going to say it an excuse. But you know, how do I teach my family if I don't know, this is, begin today together,

100% and if you get a copy of my book, value creation family, if you get the Kindle version, it's 99 cents. Man, I want to get into millions of hands. It's sold a lot of copies in the first eight weeks because of the feedback I'm getting as well. I actually think I can do this where I

didn't think I could before I read the book, it's, I can't wait to get your take Laura, when you go through it. And I think, and I've heard you talk about this too, the with the best of intentions, families, parents will take as many struggles away from the kids as they can. They don't want them

to struggle the way they did. So I think that's maybe the biggest mistake that I'm seeing happening with the best of intentions. And every adult that I know that's started from, you know, financially, from nothing, and they built an amazing life. They're incredible people. They have money, but they've got the

emotional energy. They have connections everywhere. They became that way because of their struggles and and so we don't want to take healthy struggles away from the kids. So changing their relationship with that is really good. And then I also think, you know as a parent, like, what? What's our job when?

When we're bringing these kids up and they launch into adulthood someday. We want them to be amazing value creating adults. I believe that all parents want that. And in the book, I talk about this and all the work we do at dinner table. You know, this is really a central theme. We're getting

them ready for adulthood. So what are the character traits, what are the capabilities, and what are the beliefs they're going to make them most successful and the younger, you can start identifying that stuff and working with your kids now you can be intentionally developing those things over

time. And when we talk about three different types of struggle at dinner table, there are healthy struggles or normal healthy struggles. Let's let them go through those. And when they're really struggling with it, feel good that they're learning the right lesson to make them a really strong value,

creating adult contributor to the family, etc. And then, and then the second would be unhealthy struggles. I know you've been injured that would call that a major unhealthy struggle. I've had a couple of major injuries where I thought I was done. Wished on anyone, but in unhealthy struggles, what we

really encourage is look for the value that you can get out of that to move forward, create even more value for yourself and others. And then the third category, it's like a supercharged version of healthy struggle. We call it intentionally designed struggle. So you look at the character

traits, the capabilities, the beliefs. Well, what can we intentionally design to get them there even faster? Because we're working backwards from when they launch into adulthood, they'll have these things as an amazing foundation to grow from. Now, I was fully on my own at 17, no financial backstop. I was

working at. A Coco's restaurant as a cook, making six bucks an hour. When I was kicked out of the house, I spent one night in my truck, which, by the way, I bought with my own money, and then the next night, I found somebody that needed a roommate. It was an a non event for me. I started earning money at six

years old, 25 cents an hour pulling weeds, and that just went to the next level. I'm shoveling snow. This is Spokane, Washington, then I'm mowing lawns, and I've got paper route and I've got four paper outs, dishwasher, bus, play Quick. By the time I'm kicked out, I'm already making enough money to

more than live on my own. Buy any whatever guitar I wanted to buy. I was racing dirt bikes back then. I could do that. And when people say, Well, how did you get out of that toxic environment? Seemingly okay. I said, Well, you've got a family life that can be challenging, and I don't blame my parents or

anything. They were struggling. I feel bad that they were in that space, and I knew by the time I was out of the house, it wasn't about me, even though it was one of the best things that ever happened to me, it wasn't about me. They're adults making decisions, and I hope the best for them, but they never really

work through it. But there's this outside world where I'm earning money from people that aren't friends, aren't family, so it's the real world exchanging their money for my best efforts. And I could build on that, and at dinner table, we talk about that as the value creation cycle. You struggle to

get a capability. Use that to create value. It builds your self esteem, and you can keep taking bigger steps. So I think about my journey starting at 25 cents an hour, pulling weeds in a garden. And back then, in the mid 60s, you could get two candy bars and have change. So it was kind of a big deal for a kid,

right? But I kept taking bigger steps. And then the music, the band, that's not one of my companies, but it was like a business. I had a sound crew, like her rhythm sections, that we went through, and then the first business, the eighth business, and there'll still be more, and I expect to be around

a long time. It's that value creation cycle. Struggle to get a capability create value with it builds internal fulfillment, self esteem. I think we can teach that to the kids, but if we take all struggle away from them, I don't know how it happens. Yeah, I

would agree. Yeah, yeah. And I always say to parents too, they'll say, you know, well, where, what level do you step in and as well, if you are connected and monitoring them. I mean, you don't have them fall completely flat and lose and get really damaged or hurt by it, but you let them

struggle through it. And I always say, you know, am I mom today or my mom mentor? And I've always had that, you know, so like my kids will still, you know, tomorrow, have an eight o'clock call with my son, who's getting trained as a Federal officer, and he just needs mom mentoring, so we don't do that

like later in the evening or at a dinner table, like it's a meeting. And, you know, he's got an agenda. We know what we're going to talk about. And then, you know, I'll move back to mom, you know, send some Easter stuff. So I think, do you do you talk about the different hats that the the parents wear inside

of that, and how I know, for me, having the variety of, I'm gonna say, hats within our family, and I guess I did most as a single mom. So I was mom and dad, you know? I got Father's Day cards, you know? Thanks, thanks for being dad too. So, but I really, I, I wanted them to see there's, there's different roles, and I'm

just not the same. I'm not just that stage mom, because that was a lot of their life. Moms on stage and not with us, and we had to work with that.

Yeah, and we don't use the hat metaphor. You're like, these are all the different roles. We really focus on how you create value as a family. You're working together as a team sport. Everybody has a job for the family. Really big on the right kind of struggle, because it takes effort to

develop anything physically, emotionally, physically, spiritually, mentally, all of that. We focus on that. And then when you're part of the dinner table community, every month, we do a deep dive into a topic that's all around creating value as a family. So one, one we talk about is legacy over

inheritance. You know, to me, inheritance is, is divide and hope for the best. Legacy is about building and continuity and keeping this thing going. We talk about financial competency. And one, we talk about leveraging struggle in one we talk, we do a deep dive on material, emotional and

spiritual value creation. We talk about family leadership. And, you know, just like in a business, you could when you start out, and then you grow to a, you know, a small business, medium large, sometimes, you know, really big business. You talk about marketing every single year. You just get better

at it. And so it's really the same thing with our families in the community. The goal of the dinner table community is to be part of a group of families sharing their practical wisdom, because they're on the front lines every single day around how to raise these you know, incredible value creating kids,

and we get together and discuss these. Topics that I just mentioned every single month, either virtually or in person, and we keep building on it, and it's amazing to see the transformation. And so, you know, a simple part of this is, you know, the spiritual value creation piece, the

connectedness side, when, when one of the kids in the community says, I'd really like to start a business, and I think it could be this or that. And you have any ideas? Well, if I put them at a table with a few other kids, and even in a vibe setting there, it doesn't take us very long to come up with a list of

100 ideas. And the same thing for parents, and I've watched you do it in some of the videos you recorded, helping people go through this. There are so many things that we won't think of if we just sit in our own silo as a as an individual parent or as a family. But you connect other families, and you're opening up

about, I'd really like to create more value in this area or that area. You're going to get so many other practical, you know, wisdom ideas that are going to help you with that. So that's a big part, Laura, what we're really trying to do here is, as I said, we have 40,000 parents in the community. Now. We want

to take it to millions. And I believe, last I looked, we had parents in 67 different countries. And it's cool listening to the I want to get my daughter ready for this or that, from India, from South Africa, from New Zealand. It's like the cultures are different, but what is the same? They want

their kids to thrive and be amazing adults someday.

Lee, I want to go switch topics more to the technical side. There's apps, there's all sorts of tools on the internet. There's all this AI, how does that support or distract? Because some of them as you and I know those apps aren't, I wouldn't ever want my kids in some of them. So do you?

Do you give recommendations? How do you handle that portion of the learning? And because what I'm is that you're really around the dinner table, and it's much, it's, it's, it's an experience of them not necessarily sitting on an app, doing all their things, but they're actually being engaged in a conversation,

which is what I love, because that's what we do. You know, in our community, is being the conversation about money. Yeah, there's a lot of apps and tools and not all great. Yeah, 100%

you know, foundational. I go back to something I said a little bit earlier, when you ask each of your kids, how would you like to create value in the world? And then you start cultivating and developing that and managing expectations. Depending on the age of the kids, it can take

them a minute to get in the groove there. And then once you can figure that out, then the education path could be better identified, because there's many paths to get there. There isn't just one. It's not just higher education. Go to college and you'll be successful. So doing that, and then, okay, well,

which apps and what friends circles and what activities Should I, should I get involved with that are going to move me in that direction? So we're constantly cultivating and modifying that, but if we're sitting back I'm letting them just cruise the internet, watch whatever YouTube videos they

want, get on whatever app, talk to complete strangers. All those things can lead to a lot of trouble if we're not aligned to how we want to create value in the world. So I like starting there, and then that becomes our North Star. And you've got all these resources today, different ways of being educated, tools

and all that to help you get there. And, you know, a short story, I have my own podcast titled, show your value the art of value creation. And I have amazing guests on there every week. And I had an immigrant guest that was on, and she was saying, Yeah, I went through the really tough time in these

refugee camps and all that, and I knew that to really get out of this, I needed to go to a college. She ended up going to college in Florida, and she went there, and she had a plan of how she wanted to build a family business, and the college was part of it, like she had a plan, and this was part of the path to

get there. She knew what she was doing, and her and I started laughing. We were talking before the podcast about when I talked to young college students, most of them have no plan, like, what do you do? I don't know, maybe get an advanced degree. What about after that woman? Or maybe a doctorate? And and if you

don't have a plan and how you want to create value in the world, you're just sort of drifting out there. And I think anybody in college should know exactly where you know, at least directionally, where they want to go. Or why are you wasting the money? Because there's a lot of other past to get maybe to

where you want to go.

Lee, we got to wrap up our podcast. I want to have you back on today, once I get the book in my hands and take a big deeper dive in that conversation. What's some next steps? So for the folks, if they go to dinner table.com, forward slash Laurel, what would they see there?

Yeah, you'll go to our website. You'll learn about the programs that we have, and I highly encourage you to join our community and be part of this growing, I would say, experiential wisdom. Luck at helping all families go forward, but then specifically for your family, best practices around

running the family meeting, meetings with each of your kids individually, the budgeting, thinking about all the different money skills. So you know, it's education for parents to help you raise value creation kids as they launch into adulthood, but it's also amazing education for all the parents in our community

as well. And I think the value creation mindset is really big, and I think modifying limiting beliefs is a really big part of what we're doing. And when people say, remove limiting beliefs, one of my beliefs is that whatever belief you have about what you can accomplish is limiting. It just is. And so

your job is to lean in, create value and see where you can push the limits on modifying your limiting beliefs. Because I don't think any of us have any idea what we can accomplish, like there's this I'm not even 10% of where I think I could be, and that's probably not even close.

Yeah, I would agree. I would agree. So any other ways to stay in touch? Fam, dinnertable.com/loral, l, O, R, a, l, and to get your book,

go to Amazon. You can go to Amazon to get the book, you can go to our website for the book, which is valuecreationfamily.com, but on Amazon and any one of 40,000 channels. There's an audio book to make it easy for you, but it's it's everywhere, and super excited about getting this

message out into the world, right?

Well, it's been great to reconnect and get the reset of the company. For those of you that are out there, I'm also an investor in the dinner table, so excited you're going to hear more and more from Lee and I as we bring this conversation into your household. So Lee, thanks for

being on today.

It was great to be here. Thanks, Laurel.

Thank you. Those of you that are out there go to askloral.com. A, S, K, L, O, R, a, l, ask questions, make requests. We'll be back with you every day to keep you on your journey and your conversation about money. Have a great week. We'll be back next Friday.