WHY SAVE? Skateboard's LESSON in 4 Minutes!

Evan Carmichael kept the first skateboard he bought with his own money, a $40 board he saved allowance and newspaper route earnings for as a kid. He barely rode it, but kept it to remember what his parents taught him: you have to earn and save for what you want.
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I wanna talk about my skateboard. So I thought it'd be fun to every now and then show off some of the personal things that I have here in my office and give you a little bit of the story behind it. First of all, happy Sunday morning. It's a morning for me and I'm a little tired but excited to be here with you guys. One of the things that when people walk into my office they always comment on is my skateboard. I thought I'd tell you guys a story. So the reason why this is here, this old, this very old skateboard that has a little bit too much dust on it probably right now, is this is the first thing that I ever bought with my own money and kind of saved up for. When I was a kid, I don't remember how old, like 8, 9, 10, 11, somewhere in there, you know, money that I got from allowance or from my newspaper route or whatever, I would usually put into candy and toys toys and just spending it all the time. Spending, spending, spending. Not that I had a lot of money, but I never really saved up for anything. And then I saw this skateboard at Canadian Tire. Canadian Tire is a retailer in Canada that sells automotive and outdoor kind of stuff. I saw this skateboard and I want to say it was like $40. $40, wow, that's so much. And I begged my parents, like, Mommy, Daddy, please get me this skateboard. I really want this skateboard. I want it so much. It's the thing Dad, I've always wanted it, you know how kids are, right? And to their credit, they're like, no, we're not gonna buy that for you. You need to save up and buy it for yourself. And at first I was sad, you know, I just wanted it now, instant gratification, and being the child that I was. But then I soon realized that I wasn't gonna get the skateboard unless I actually did save up the money. And so every week I would save up the money and save up money and save up money and learn how much $40 was, how much it actually physically meant to me, how much candy that was. It's a lot of candy. And eventually, I don't remember how long it took me to save up, I saved up and I was so happy and I walked into the store and I bought the skateboard and I was so pumped and there's this like Croc, crocodile on the top there, it says Croc. And underneath, can we get anything underneath? There's another crocodile or something under there. So I was all pumped, ready to get out and ride the skateboard and I took it out on the sidewalk where I lived with my parents and couldn't get up and, you know, kept losing my balance kept falling. After that, didn't really get on the skateboard. Used it a couple more times to just have my German Shepherd dog pull me. I just sat on the skateboard and took the dog for a walk, and she pulled me. And then I didn't really use it after that at all. And so I used it maybe, I don't know, 5 times in my life. I kept it because, not that I used it much, but just the message, the lesson from my parents that You need to save up for the things that you want to buy. You need to appreciate the stuff that you have. You need to recognize how much something costs, and you gotta realize that hard work goes into earning the money to be able to buy the stuff that you want in life. And so that's why this skateboard is still here. I've carried it with me from place to place to place to place, and over the years as I've moved, I've thrown away a lot of the old stuff, a lot of stuff I don't use anymore. And this one I just kept for the sentimental value, but also for the, uh, the That's the story and the lesson, and I hope that I've continued to apply those lessons as an entrepreneur and look forward to applying those lessons to the next generation, Hayden, and helping him manage his money at some point and save up for things that he wants. So that's the story of the skateboard in the office. Hope you guys enjoyed. Hope you guys have an amazing weekend. Thank you guys for watching. Continue to believe, or whatever your one word is. And I'll see you soon.
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