WE'LL
WE'LL BE
WE'LL BE BACK SOON. THANK YOU FROM HERE EVA THANK YOU LOOKING TO SEEING YOU. NOW TODAY ON
ACCESS CAROLINA ARE TALK ABOUT.
FAMILY FIND INTO THE ARE SIMPLE
ENOUGH KIDS UNDERSTAND AND
THAT'S THE WHOLE IDEA THEY DO IS
WITH US KNOW HIM AN END N. N.
OR- AND I. WITH BAY BROS COMPLEX
HERE I'M GLAD BE BACK THIS
SUMMER TO YOU GUYS YEAH FOR
SURE- AS A FATHER THOUGH I KNOW
THAT YOU DON'T JUST SHELL OUT
AND THE STRINGS ATTACHED
ALLOWANCE LIKE THE ONE THAT THAT
YOU GOT GROWING UP WE ALL
PROBABLY GOT THAT AND I THINK A
LOT OF PEOPLE AND FAMILIES ARE
STARTING TO MAYBE GO TO THE
COMMISSION ROUTE. OKAY DOING
THAT A LITTLE BIT DIFFERENT IN
MY HOUSE OKAY SO INSTEAD OF PAY
YOURSELF FIRST WE'VE HEARD THAT
BEFORE YES ABOUT PAY YOUR
CHILDREN FIRST YOUR CHILDREN
FIRST. FOR WORK IN YOUR FAMILY
YES WE HAVE A FAMILY BUSINESS A
LOT OF PEOPLE DO AND IF YOU'RE
NOT AN INSTAGRAM INFLUENCER OUT
THERE THERE MAY BE SOMETHING
YOUR KIDS CAN DO. SO WE'RE
PAYING OUR KIDS COMMISSION FOR
THOSE THINGS BECAUSE ACCORDING
TO THE IRS IN TWENTY TWENTY TWO
YOU COULD PAY YOUR KIDS ALMOST
THIRTEEN THOUSAND DOLLARS IN
YOUR FAMILY BUSINESS WITHOUT
MEDICARE OR SOCIAL SECURITY SO
YOU'RE ABLE TO OFFSET TAXES AT
THE SAME TIME YOU'RE TEACHING.
FAMILY FINANCIAL FITNESS OKAY
AND I WANT TO GET INTO SOME
EXAMPLES JOBS THE KIDS DO FOR
YOUR FIRST WE'RE INTERESTED IN
YOUR PROPERTY OR YOUR SYSTEM.
INVOLVES THESE FOUR. LABELED
GLASSES WALK US THROUGH THE
CATEGORY S. WE GOT THE THREE CUP
SET UP. AND THE LITTLE SHOT. OF
DIVIDENDS BECAUSE WE- TEACH OUR
CHILDREN. TO PAY THEMSELVES IN
THE ONE. PERMANENT PRODUCTS.
LIFE INSURANCE THAT ALLOWS ONCE
THOSE PREMIUMS GO IN. OF COURSE
THERE'S GOING TO BE A BENEFIT.
OVER HERE ONE DAY WHEN THEY'RE
GONE. OKAY THE MAGIC IS THAT
CASH VALUE THE EQUITY PORTION OF
YOUR- WHOLE LIFE INSURANCE
PRODUCT. IS LIQUID AND THEY CAN
SPEND. SOMEONE ELSE'S MONEY
WHILE SAVING THEIRS. YEAH AND
THEY DON'T SPEND THE MONEY THEY
MAKE THEY SPEND THE MONEY THAT
THEIR MONEY MAKE THERE WE GO YES
SO KEEP YOUR MONEY GROW IN AND
FLOW AND CASH FLOW AND EVERY
DOLLAR IN PREMIUM OF THE LIFE
INSURANCE CONTINUES TO
COMPOUNDING GROWTH. CREATING A
BIGGER POOL AND BENEFIT OF THE
INSURANCE COMPANIES MONEY. BUT
THE CASH VALUE. THAT'S THE PART
THAT'S LIQUID. WE SPEND THAT
WITH. OUT OUR- COMPOUNDING.
BEING INTERRUPTED ME RIGHT IN
AND YOUR KIDS. YOU KNOW THEY
HEAR THESE MY- THEY- UNDERSTAND.
GLASSES TO COME IN THIS. I'M A
HUGE BENEFIT OF. TO PAY FOR YOUR
KID. IN THAT. THE WORK ETHIC IT.
TEACHING SO US SOME EXAMPLES
SAID YOU SAID VIDEO EARLIER DOES
IT. TO YOUR TWO OLDER KIDS SEVEN
AND NINE YEARS OLD WELL NUMBER
ONE IS WE HAVE A FAMILY BUSINESS
AND J. DO IS OUT HERE DOING
THINGS ON THE- INTERNET. AND
WHAT HE HELPS FOLKS DO IS
UNDERSTAND HOW TO DO THIS FAMILY
BANKING SYSTEM. SO WE'VE GOT MY
LITTLE BOY JAMES HERE HE'S THREE
AND HE'S LEARNING. FROM HIS
OLDER SISTER AND HIS BROTHER HOW
HE CAN DO MARKETING WORK HI THE
FAMILY BUSINESS SO WE'VE GOT HIM
OUT HERE. TRYING TO TURN HIM
INTO AN YOU KNOW AN INSTAGRAM
MODEL OUT THERE FOR ME SO WE'RE
DOING THE PODCAST TOGETHER. AS
YOU CAN SEE THAT FROM THE CAST
COMPOUND AND THE BANKING ROSEN
SO HE'S LEARNING THAT WHAT HE
CONTRIBUTES TO THAT BUSINESS.
HAS THE ABILITY TO PUT UP TO PAY
HIM. AND EARN THAT MONEY AND FOR
FAMILIES THAT DON'T HAVE THEIR
OWN BUSINESS YOU'RE STILL YOU'RE
STILL LEAD TRYING TO TEACH A
WORK ETHIC THAT COMES. ALONG
WITH THE PAYCHECK SO WHAT WHAT
KINDS OF THINGS TO KIDS LEARN
THAT WAY WELL OF COURSE WE CAN
DO CHORES AROUND THE HOUSE
THERE'S- CERTAIN THINGS THAT. I
BELIEVE THAT FAMILIES SHOULD DO
BECAUSE YOU'RE PART OF THE
FAMILY BUT THERE'S EXTRA THINGS
ON TOP OF MAY BE MAKING YOUR BED
THAT'S KIND OF STANDARD MAY
EARNING YOUR KEEP IT THAT. WAY
YOU'RE RIGHT BUT THERE'S EXTRA
THINGS THAT YOU CAN DO OR
HELPFUL THINGS AROUND THE HOUSE
THAT MIGHT BE. JUST ABOVE AND
BEYOND. AND SO KIDS CAN LEARN
TO. CONTRIBUTE TOWARD THEIR
SUMMER CREEK CAMP THIS SUMMER
RIGHT SUMMER CAMP. OR KARATE
WE'RE TRYING TO GET INTO KARATE
WITH THE SEVEN YEAR OLD THERE'S
SO MANY DIFFERENT THINGS. AND
THAT SOME OF THE CHORES THEY DO
AROUND THE HOUSE- IT'S TRASH DAY
IN OUR NEIGHBORHOOD IN
GREENVILLE. ON TUESDAY TODAY
WHEN WE'RE RECORDING. SO EVEN
PULLING THE TRASH CAN BACK IN
WHICH IS KINDA. BIG AND BULKY
FOR THE SEVEN YEAR OLD BUT- YOU
SEE YOU CAN EARN MONEY DOING
THAT HE CAN EARN MONEY DOING
THAT AND HE KNOWS THE VALUE OF A
DOLLAR THAT WAY BECAUSE- YOUR
STANCE WHAT WHAT GOES INTO IT.
YES TALK ABOUT FORAGING- FAMILY
FINANCIAL FOUNDATIONS JUST.
NEVER TOO EARLY TO START AT THE
BOTTOM LINE YEAH WELL WE DIDN'T
TALK ABOUT THINGS LIKE THIS IN
MY FAMILY GROWING UP AND I THINK
IT'S A LOT MORE. OF A CALM. NO
TOPIC NOW ON THE TWENTY. AND
WITH OUR KIDS. TO TALK ABOUT THE
VALUE OF THE DOLLAR THE VALUE OF
THE WORK THAT PUTS INTO IT- THAT
WE PUT INTO THAT EARNING A
DOLLAR. AND OF COURSE PUTTING IT
IN THE RIGHT PLACE SO WE CAN USE
THAT MONEY LATER. ALL RIGHT AND
ANY FINAL WORDS FOR THE PARENTS
WERE LIKE MY KID JUST WANTS
WANTS WANTS THEIR YOU KNOW THEY-
THEY TAKE THINGS FOR GRANTED SO
WE'VE WITH UP TO US TO SHOW
THEM. GOOD LUCK PEOPLE GOOD LUCK
GOOD LUCK- YOU KNOW DON'T SEND
IN MY HOUSE BECAUSE I'M-
NATURALLY THAT MY FOUR. OKAY SO.
JUST KEEP AT IT DON'T GIVE UP
ALL RIGHT WE APPRECIATE THE
INSIGHT GOOD ADVICE THANK YOU SO
MUCH FOR BEING HERE. I'LL BE
ABLE TO FIND YOU AND- ON SOCIAL
MEDIA