Whitney Elkins-Hutton Talks About her Book: Money for Tomorrow

Are you one of the many busy professionals working in offices day in and day out? Do you wonder how some people grow their wealth fast, retire early and play on work days? Well, you're in luck because Ginny Bolling hosts this show Pivots of Prosperity where she interviews people that can do just that play on work days. Many guests have become financially free. She also interviews people that are on their journey and people that are in support roles like attorneys, contractors, brain brokers and others. Commercial real estate is the common element. She is on a mission to be sure. Busy professionals know they can own substantial commercial properties too, like apartments, self storage facilities and others and not have to do the work managing them. Passive investing is the key. Syndications are the typical method. Tax write offs are some of the biggest rewards. Ginny and partners find the deals, build a strong team and business plan, then offer the investment opportunities to passive investors. New episodes are released every Tuesday at 12, so watch for new releases. If you want to get involved, let us know. You need to get pre qualified to hear about most deals. See the show notes for contact information.

Hello, Hello. Jenny Bowling here and today I have for us Whitney Elkins Hutton to join us. Thank you for coming, Whitney.

Yeah, thank you so much for having me back on.

Yeah, the second time I'm, I'm very happy to have you. And that's because we didn't get a chance to talk about your book how to Build and Protect Generational Wealth. I think that there's going to be a lot to be gained for people from, from talking about this, but first let me read your bio and then we'll go from there. Feel free to think about and add to your bio as you hear it too. Whitney Elkins Hutton is the founder of Ash Wealth Consulting and director of investor education at PassiveInvesting.com she hosts the Passive Investing Made simple podcast and is a partner in 800 million in real estate assets including 6500 residential units, 2200 self storage units and more than 5 million in fix and flip properties. After hitting a home run with our first rental property and nearly losing it on a second deal, Whitney turned to wealth creation strategies to build sturdy financial freedom for herself and her family. Whitney is now on a mission to help families implement sound financial principles to create passive income and long term wealth for generations to come. Whitney currently lives in Boulder, Colorado and she enjoys trail running, traveling, photography, craft beers and playing board games with family and friends. All right, so we were just talking before we came on the air about your upcoming run. Why don't you talk a bit about that?

Oh my goodness, yes. It is racing season right now and I have a race this weekend. It's called the Image Pass Run and it's slated to go from Uray to Telluride though they just alternated, you know, created an alternative course for us because the road washed out. But we started just under 8, 000ft, go up to about 13,000ft and then down, you know, of course we have to come back down on the off the mountain. So anyways, it's beautiful fall colors. I know so many people think I'm completely crazy and I'm like, but when you get up there, it's just stunningly gorgeous. And so you're just completely like awe inspired and motivated the whole entire time you're running.

So how many people come from out of town and can't handle the, the elevation though? Is that kind of.

Well, a lot? Yeah, it, you know, I have friends that of mine that have done that race like three or four times. I mean I think once you do it once you're just like the first time you're just looking around, you're like, oh my goodness. I'm running amongst like 13,000 and 14,000 foot peaks and you just have to take in the scenery. The second time you do it you're like, okay, I'm ready to actually like run the race and see if I can compete. But yeah, I, A lot of people come in from, you know, out of town and sea level. It is a very competitive race to get into. You don't have to any have any qualifications other you have have to be able to get up at 6am on June 1st in order to register and hopefully like you get in. Um, but I mean people get up to 13, 000 foot, you know, in elevation and if they haven't trained for it, I, I've seen delirium. I've seen, you know, people go down, you know, it, it is a real thing. Just because you're running a race in a very beautiful time of year, it doesn't take away from the fact that you have to train for the altitude.

How do people do that on the flats? Like we're in Florida. Is there a way to do it?

Well, some people will actually come in early and acclimate and do some training runs. So if they, you know, have flexible work, you know, they can come in a week or two early. If they can't, sometimes you can actually use the heat in order to build blood volume, but you still have to be able to Find incline, you know, an incline to run. So you know, whether it's doing hill repeats or getting on a treadmill, that where you can put it on a steep incline, say like 9 to 13, 15 per percent, in some cases 20%, you know, incline, you know, that's probably.

What people do, right?

Yeah, yeah. But you, you, you can't. The only thing about doing a treadmill now you're, most of the time you're probably indoors and now you have, you know, you don't have the right elements that you're battling. And so you know, you know, battling the heat whenever you run can be a great mimic for altitude.

Good to know, good to know. I have some friends that run, but yeah, I don't think they've been over to that one. But so anyway, tell us about your book.

Yeah, so the book Money for Tomorrow, how to Build and Protect Generational Wealth. I wrote it in collaboration with Bigger Pockets. It came out this year, so I'm super excited about it. The book is really geared for, you know, anyone who wants to, to build a financial foundation so they can invest from a, a position of strength and then grow that foundation, grow their wealth and be able to create multi generational wealth either for themselves or for their families. And you know, the book is really designed to be an end to end blueprint. It's a blueprint that I wish that I had whenever I was understanding personal finance and growing my own personal real estate holdings. The, the premise of the book originally was born out of a blueprint that I was creating for my daughter to be able, you know, you know, teachings that I wanted her to know, the framework that I wanted her to know in case she inherited our portfolio super early or which, heaven forbid, you know, we hope that doesn't happen, but we can't control necessarily everything. Right. Can only influence. But you know, if, you know, the off chance that something disastrous happened and she needed to be able to recreate or build from the ground up again, that she would have those teachings and that blueprint in front of her and you know, as I say it kind of tongue and cheek, go out and make her own mistakes. Right. You know, I wanted her to like, you know, you know, understand how money works, understand how to keep it and I don't mean just budgeting, I mean like really understand how to keep money and create velocity with it, how to grow it and then also be able to, to keep it and create a wealth generation plan for her and her family moving forward. And as I started talking to investors, you know, the Light bulb came on for me. While I was struggling with this personally, so many other people were too. They were like, well, okay, if you have a framework, will you share it with me? Like, will you coach me? Will you mentor me? Will you show me how to do this? I'm a passive investor too. I want to learn exactly what you've done and, you know, how, how you are navigating this, like, really tumultuous environment from a position of strength and not fear. And so that book really is kind of the culmination of all that work.

That's fantastic. And in this, this promo material that you've, well, summaries of the book, you have learn a simple math equation to help you realize all of your assets highest potential. That's quite enticing sounding. Build an impenetrable shield to safeguard your wealth from everyday threats. Eliminate the forces ending your finances so you can build your wealth faster. Avoid common mistakes so you can intelligently pass down your wealth. Craft a blueprint to ensure your wealth endures for future generations. This is fantastic. So I appreciate that. And I do need to get the book myself. I didn't get a chance to yet, but I wanted to have you on the show and share it with people. And so, so tell us what general generational wealth is so that everybody is on the same page. Okay.

Yeah. So, you know, generational wealth might, the definition might kind of alter, you know, person to person. You know, in the end, what are most people seeking? They're seeking to be able to do what they want, when they want, with whom they want, and not only for themselves, but to be able to set up the next generation, to be able to do the same. Now we could, you know, set them do all that work for them. I encourage that we actually teach them how to steward that wealth. Right. You know, we don't want our family to go from shirt sleeves to shirt sleeves in three generations, which is really about what it takes. And it's because, you know, say our generation learns how to build a wealth. Like we're, we're building the companies, building the portfolios. We're being super scrappy. The next generation benefits from it, but they're now a generation removed. They haven't really understood or potentially, you know, depending on how their parents and, you know, their predecessors trained them. They don't, they didn't understand what all it took, the mindset, the skills, the network it took to build the wealth. And then when they pass it on to the next generation, of course now that generation is now two times removed and they go and spend it, you know, and we can see those examples in history and in our environment everywhere. I mean, it's, you know, you know, it's why, you know, I don't mean to pick on like the Vanderbilts, but you know, we talk about the Rothschilds and the Carnegie's way more than we talk about the Vanderbilts. And it's for a very specific reason is because, you know, the other two families had an educational system. Not just the money, but the educational system in place, the skills, the blueprint to be able to teach the next generation. So if we're talking about generational wealth, let's bring it back down to something that's really tangible. If it were a game, you have to understand the objective of the game, the rules, and now the strategies on how to, on how to play. Think of Monopoly, okay? You know, generational wealth is like Monopoly. What are we trying to do? Create enough money. We can do what we want, when we want, with whom we want. And the next generation can do the same. They can steward that they know what to do. The rules, the rules are pretty simple. I put it bucket them into four different rules. You have to understand how to create wealth, okay? How does money actually work? What are those fundamental skills that everybody that has wealth has to be able to master? And it's like coaching soccer, right? Like everybody wants to learn the bicycle kick and all the fancy moves, right? That's like growing wealth, right? But you actually have to know how to run around the field, pass the ball, take a nice strong shot on goal. In order to win the game, you have to practice this foundation fundamentals. Okay? Then we have to understand how to keep wealth, okay, how do we play defense? And I think a lot of people equate keeping well to. I'm budgeting now, I'm trying to cut my travel, my dining out and all this. No, we, I come at it from a way. How do we align what your personal value system is with the things that you want to spend your money on? Okay? And again, this is where personal wealth becomes very personal. All right? And then there's six ways that everybody should be mastering, you know, in order to keep their wealth. And we touch on that in the book and we can re dive down any rabbit hole that we want to. And then we learn how to grow wealth. You know, what are the basic principles, you know, that everybody, that, you know, all the billionaires and millionaires, you know, what have they mastered? What have they done really well, like how are, what are the lens that they're looking at, at their investments. They're not chasing headlines. They're not chasing the next stock pick, hot stock pick. I mean, they might, but that's not how they built their core wealth. Their core wealth is based on principles. It's solid. Like, if the market goes up, down, or sideways, they're generally not sweating it if they did it correctly. And then we talk about how to pass wealth on, and a lot of people think about, well, okay, I got a will or a trust in place, but that's not really where we want to start. And that's just one tool to help us navigate the legal system. I'm talking about what are, what are the things that you have to have in place before even thinking about a will and a living trust? What are the foundational documents that actually support your living will and trust, that help train your executor, help train your heir, help pass on that knowledge and education to the next generation? That's what passing on generational wealth actually means. And again, this book is meant to walk somebody from the beginning all the way through, kind of like their investing career. And I guarantee you, I have yet to run into an investor that has been in the game for 20 years that could not benefit from something in this book that's helped sealed their financial foundation and made them a much stronger investor, especially in this environment.

Yeah, it sounds like you have a lot of, a lot of good knowledge in this thing. So, so you've no doubt given the copy to your daughter yet. One daughter.

I have one daughter, yes.

Okay. And has she read it yet?

It's right.

Okay.

She's like, I, I read it. You know, she's read through the material multiple times. She actually designed the COVID for. She didn't do the actual artwork, but the, the, the COVID design, that idea was actually hers. And, and you know what she said whenever I, you know, I submitted her cover design, you know, to the, to the editor, and they came back and they said they were going to select it. She goes, mom, can I get royalties now?

Good for her.

I'm like, that's my girl. Passive streams and income. Right, right, right.

That's terrific. So give us some insight into, for instance, passive streams of income that you, that you highlight in. In this. Is that a good thing to, to pick out?

Yeah. So, I mean, that really taps into the third rule. Right. And this is where a lot of investors there are. They are. They get decent at understanding the foundational skills they need to have in place. Okay. I wouldn't say good they don't have clear goals, they don't have a clear path to success and they don't know how to measure where they're currently at and where they need to go. Right, like, so start there. Then they want to jump right to like, okay, let's create all these passive streams of income. Well, we actually might need to focus on the other two rules first if we're going to be totally successful. But the sexy topic is what are we going to invest in now we start saving all this cash, I get invested. Okay, so we'll talk about the sexy topic first. So you need to look for, it's not so much what to invest in, but why, what makes a good investment. Okay. And so if we're going to build the foundational wealth, right. Your core portfolio should be invested in assets that preserve capital, create cash flow, take advantage of the equity build whether it's natural forced depreciation or tenant pay down. Okay. And tax benefits. Those are the four core that are going to really accelerate your growth. Okay. We've got three other you know, core pillars that are kind of like accelerants on the fire, say like you know, pouring gasoline on the fire. That is we can accelerate it that that growth by using smart use of leverage. But you know, we've learned in the past 24 months or I shouldn't say we've learned, we've always known. But I think we relearned the lesson. A lot of investors relearned this lesson that leverage can cut both ways. Right. It can help accelerate growth. It can also erode wealth too. So we want to use it wisely. And then you know, you can either be the operator of your asset, it's investing with amazing operators. Either you need to be the amazing operator or you need to know how to get that amazing operators and invest in them. So those are some of the core pillars that make a solid investment. Now you might be able to go on somebody's on the web and pull down somebody's due diligence checklist, especially if they're learning to invest in passive real estate or something like that. That's my love is passive real estate and their due diligence checklist, whether it's in passive real estate or a business or a franchise, they're assessing those pillars. So whatever due diligence checklist you're looking at, reorganize the checklist to make sure it matches those categories. Okay. Otherwise are you doing is running 100 point inspection on a business and you might check 99 or 90 out of 100 boxes, but there might be 10 boxes that aren't checked in a specific category, and that can set you up with for failure. So that is what we're looking for, is those assets that preserve capital, create cash flow, create equity growth, create tax benefits. Okay, Especially those four has some additional accelerants to them. What does that leave us with? Well, largely a lot of things in real estate, in business. Okay. It does not necessarily leave us with the stock market or cryptocurrency or holding cash or cash arbitrage. Not to say that those aren't good investments or don't have a role in somebody's portfolio, but. But we have to think of that more as momentum investing because we're giving up a foundational pillar to be in that type of asset. Okay. So the core pillar, if you're really building foundational wealth, if you want to be able to navigate markets whether they're going up, down, or sideways, you want to be able to sleep well at night, you need to learn, get really good, really savvy at evaluating assets that hit those core pillars.

Agreed? Absolutely. Yes. I think that that's probably some way to look at it that a lot of people don't. But organizing those due diligence checklists, I'll have to look back at mine and see. I don't think it's organized that way, but it makes sense to do it that way.

I mean, I can give a couple examples. I mean, I work with investors, I coach and mentor investors in this, and I share with them, I walk them through, like, the entire blueprint. I mean, I can only put so much information and money for tomorrow, But I put in some of the. I mean, that that book is going to get you 80, 85% of the way there. Like now, from my own personal experience, some of my early investments, I mean, it's not a matter of if you're going to have an investment that experiences trouble. It's a matter of when. I can trace back exactly some of those early investments that faltered or like, you know, in a note that I lost money on, I can go back and I could be like, wow, I was amazing at understanding how it created, you know, could potentially, you know, protect capital, create cash flow, didn't create cap, you know, equity growth. And oh, by the way, the operator had skill in this other area and not in this area. And those skills didn't translate. And so I gave up two of the core four pillars here. It also didn't create the tax benefits. And so if something goes awry I mean, I just kind of like cut my chances of success in half. And so, you know, I can attribute to all of like, you know, again, it's not a matter of if, it's a matter of when. If you're going to have an investment that breaks even or like loses money, you know, I can attribute, you know, a lot of that, those issues to, you know, not abiding by those pillars of success.

Right? Yeah, no, that's, that's very true. And, and it, and it is funny how we, we go through looking at different investments and try to do that risk reward balancing act and a lot of people are at a loss for figuring how to mitigate and there's lots of strategies for, for that as well. Do you get into some of that in this too?

Yeah, definitely. And we are, we, we're, we continue to look at the risk mitigation through that lens of each of those different areas. Right. You know, if we're talking about how does it preserve capital, you know, you know, that section of the book will walk you through, you know, what are the reserves on this asset? You know, what is the market like, you know, are we on that? You know, which part of the market are we in the recovery? Are we in the expansion phase? Are we in the hyper supply phase? Are we in the recessionary phase? And here's the thing is markets are local. Okay? They don't they. Even though we're talking about the global macro economics of the, you know, the United States, you know, we might be saying we're like, you know, in hyper supply in a recessionary environment right now, but not every, that doesn't necessarily overlay on the local market. Local markets are going to cycle a little bit differently and maybe asynchronous to the macroeconomic there. So you know, we have to get good at digging through at the deal level like what is happening at the market level, what is happening. And so, you know, within each category, you know, I give examples of the things that you should be looking for and looking out for and we break that down per category. That way you, when you're crafting your checklist, you can grade each category on, you know, is that deal successful regarding that pillar of wealth or not. Whereas again, like if, you know, I've seen 100 point due diligence checklist for private equity real estate deals and you know, they're amazing, but they're not organized necessarily in a logical manner to, to set you up for success. Right. Let's reorganize the categories, take your Current due diligence checklist, you know.

Yeah.

And you reorganize it. Rewind the past like five minutes, go back, reorganize your due diligence checklist according to these categories. Do you have enough questions to be able to mitigate risk in that category? That would be number one. Okay. Do you understand that, you know, are you asking enough questions to understand how it preserves your capital, creates cash flow for you, you know, protects tax benefits for you if you don't first step flush out the category? Okay. Do you understand how it risk mitigates? Okay. You know, for something to go wrong. So understanding how it produce preserves capital is one thing. How it risk mitigates, that's a separate set of questions. Okay. And then come up with a grade. And I guarantee you when I walk people through this exercise, I'll do generally a one boot camp a year while I have people take, bring in all their due diligence checklists, I'll have them reorganize everything. And everybody was like, oh, snap, my checklist fails in this area. This area, in this area. And I'm like, okay, that's just three wealth pillars there. You're asking amazing questions, but you're failing to ask the right questions in these three areas. Let's bolster it for you. Okay.

Yeah. So my, my checklists are primarily geared towards the phase, you know, at the different places of the property and the process. It's very much geared towards the operator as opposed to. We're trying to show this because our limited partners are the critical ones, but it has to meet their personal finance goals. So why share our, our checklist isn't going to help them assess it for them the way I probably have it. The way you're. Yeah, it's. You're so true. So true. So, yeah, very good. And so you mentioned one boot camp a year. Huh. You do, you do have following for pulling people together in person.

Yeah. So passiveinvesting.com I actually do a wealth of, you know, financial specifically geared to passive investing, real estate. So, you know, somebody is, you know, looking for, to learn all the ins and outs of passive investing and build these skills. And in passive investing specifically, they can check, check me out there. And. But one of the boot camps that I do per year is really focused on actually like, you know, the, how to analyze the deal. Like how are we matching our due diligence checklist to these, the, these, you know, wealth pillars. And you know, just to echo what you said, that is probably the number one mistake that I See, investors make passive investors specifically is, you know, when you're an active investor, you're in the day to day, you know, rigmarole of it all. You know, yes, you can still go in with very unclear goals, not understanding what you need from their project. That still happens. It happens all the time. Those passive investors, you're, you're now giving up day to day operational control. And if you are borrowing somebody else's investing plan, borrowing somebody else's due diligence checklist, I guarantee they're not going to exactly align to what you, your investing thesis, what your goals, your risk, your timeline is your time horizon. And that's where investors get in trouble. And it usually happens to newer investors. They get into one or two deals and then all of a sudden they're like, oh, I thought I was supposed to be getting cash flow from this deal and I'm not going to get cash for a year. What happened? It was just like, wait a second, okay, you took a checklist, somebody else's checklist that didn't need cash flow. They wanted equity growth, all right? And then you made it, you didn't make it your own, you didn't fill in the right questions here. And so now you're not what we call business aligned to the deal. And so that, that's a pretty common mistake and it's one that I'm very passionate about helping investors not make. That's a huge one.

Yeah, it is.

It's truly unnecessary. But again, it goes back to that kind of mindset, that wealth building mindset. You know, a lot of people, they get money in their pocket or they learn about passive investing, they're like, oh man, I got money sitting in the bank, I'm losing to inflation, I have to get invested right now. And they don't take that long term cathedral. Thinking about it, I mean, if you go think back, like cathedrals were built over lifetimes. The person who's leading the foundational bricks never saw the spire being placed on the top of the cathedral. It might be one or two generations removed. Might some of these cathedrals like the Duomo in Florence, I mean I looked it up, it took like 150 years. I mean you've got, you know, three generations of people working on this cathedral. So you have to go in with that kind of mindset. Not that it's going to take 150 years to scale and build and scale your portfolio. That's not what I'm saying. But take a longer term. If it takes you six months to Ask the. Learn how to ask the right question. You know, dig in and build these skills. Take six months?

Yeah.

Oh, yeah, sure. I promise you it will be well worth it.

Right? Excellent, excellent. So, and do you have checklists in your book too? Is there some of that?

Yeah, there's reference to tools, you know, that's also there's a. In the mentoring program that, you know, because like I said, I can only fit so much into a book. But in our mentoring program also, if you're just very. Only passive investing specific, I share a bunch a wealth of tools@ passiveinvesting.com as well. But you know, the end of every chapter in the book, you know, there is a checklist of like, okay, let's go back and you know, do these four steps that were in the 20 pages beforehand, you know, ideally before you move forward. Okay, let's take action. It maybe it takes you a day or two to take action all these things, but let's build the plan together so you can see progress.

Gotcha. Right, Right. Well, that's great. That really is. I was just thinking that we should probably even tell people where to buy it and is it on Amazon or where do you prefer people buy it?

Put it that way, you know, if you get it from biggerpockets.com money for tomorrow on bigger biggerpockets.com their bigger pockets puts together some free resources that go along with the book. You can also get the book off of Amazon.com you know, some people love listening on Kindle and you can Also check out ashwealth.com if you'd like as well.

And the free resources, are they only on Bigger Pockets? Are they on all places Bigger Pockets?

If you go to ashwell.com you know, I do, you know, a lot of free mentoring there. I mean, if you join our email list, you know, we dive into some of these topics a little bit deeper. And I do like a weekly, you know, educational class there as well that's focused on the core foundation, like how do we build that financial foundation? Or if you're a seasoned investor, what it does a financial foundation actually look like and what should you have in place so you can invest from confidence? And then we layer on various skills throughout the year. And then of course, if you're somebody who wants to go further, faster and really learn all, all the skills in a very short amount of time and dig deep and personalize it to your own personal situation, you can check me out@ashwealth.com and I have a one on one mentoring program there as well.

Great. Well, I will be sure to share that with people as well. And so tell people how. Well, before I do that, let me ask you, do you work with fund managers as well because they're considered passive? I am doing some of that as well or beginning to do some of that as well. Do you, do you look at fund managers as, as passive or how do you view them?

You know, you know, in my work ash. Well, this is really geared, targeted to the individual investors.

Yeah.

But we. Here's the cool thing is that almost all the skills that you learn in the book or end at ash wealth translate into business, right?

Yes.

And so while in what usually happens, somebody is really good at, you know, executing on a lot of these skills for their business. If they own the business or if they're an entrepreneur in somebody else's business, they're really good at executing on these skills. But when it comes to doing this for their own personal cells, I have yet to run into somebody that does this for themselves. It's so weird what we will do for other people and not for our. Now if you're a fund manager that's looking to like bolster your financial foundation, the book is for you. Like you know, you as a fund manager, we learned in the past 12 to 24 months like you know, if you're raising capital that, that those resources can be scarce in down times. And so you know, when investors get nervous and if that is your source of income, if you're getting the carried interest, if you need that monthly income coming in, let's optimize like your own personal situation and your finances and make sure that you're running your business from a place of strength. Now if you're a fund manager that's looking to place capital into a passive deal. Yes. Reach out to me and passive investing with Whitney.com or you can email me at Whitney@PassiveInvesting.com. you know, there could be an opportunity there for us to collaborate on future deals.

Right. Okay, very good. Well, we will put all your contact information in the show notes and is there anything you want to add here since we're just wrapping it up now?

You know, you know, I think the take home message is here is get really good at the, the, the two areas of personal finance that most people neglect, which is understanding how to keep money, which if you're in today's market, we're recording this September 4th. I mean everybody in 2024, you know, everybody's got their fingers crossed that Jerome Powell is going to drop interest rates and then the floodgates are going to open again and all these deals are going to start getting done again. This is still an amazing time to optimize not only your personal finances but your business because now you're going to be moving forward so much more streamlined. And so we cover a lot of those ways to, to really optimize your business and in, you know, the section two of money for tomorrow and then think about that. I call it an end of life because it's. We need to think ahead of what could go wrong. Put those tools in place. But then, you know, I, we were talking before the show, so much of what I teach on how to pass wealth on. Yes, we're putting together those tools, we're utilizing those tools for the like, what if, if I become incapacitated or I d. But a lot of those tools can actually be used today in your day to day life and make your life, you know, so much more clear. And especially if you're investing with a spouse or a significant other or even a business partner, you know, having these tools in place, understanding how to create an emergency binder and I love you plan. Having those tools in place can just again make you be able to invest from a position of strength.

Right.

And we had talked also quite a bit before airing that.

We don't.

If the next generation ends up where or if something happens where those. That monetary resource gets depleted or run down so much that you want the next generation to be able to have a roadmap and to rebuild.

Oh yeah. I mean, I mean if I got hit by my husband and I got hit by a. But well, actually I'll just put it this way. If I got hit from a bus, by a bus, my husband can pick up my book. And I feel very confident that he would fill in the gaps of whatever skills he doesn't know right now and could steer what we have. If something should happen to both of us, you know, my daughter would be able to, you know, we have, you know, safeguards in place for, you know, the, the trust in the portfolio to manage itself for the next 10 to 15 years until she is, you know, proven worth, not worthy. That's kind of like she has the skills in place to be able to, to manage that appropriately. So the book is a great starter for that for sure.

Right, right. People could put that right in their yearbook, in with their book probably.

Yeah. I have yet to have anybody like. Yeah, well, yeah, I think that's an amazing idea. Get them. Yeah, get Money for tomorrow and put it in your emergency binder. Like, if you don't have time to train your kid. I mean, because what if you have young kids and they're like, four? Yes. You can start training them right now. You could start, you know, playing cash flow for kids. You can read them. The Richest man in Babylon. There's so many amazing, like, you know, tools for younger kids. My friend Maya Corbrick has a book from Piggy bank stocks that, you know, teach. I mean, the first thing they're going to learn about is inflation. So my daughter, who's 12, read that book this summer. She was like, okay, it was a little beneath me, but she was like, now I understand what's going on in today's environment. She was like, holy smokes, inflation is robbery. And I'm like, I know, my head's, like, exploding. But so, you know, we've got. You can start putting these tools in place. And that is, you know, one of the. I'll give a. A writer downer for anybody, you know, still hanging with us right now, right? If you have a will or trust, write a per purpose statement, okay? And in that purpose statement, you define why you created the portfolio the way you did. What are your values as a family? For us, we have a statement in there. Who are the Huttons? What do we do? What are we known for? Okay? This is our identity as a family. What do we do on holidays? Like, for us, like, our traditions? We spend Thanksgiving with friends and Christmas with family. We take, you know, two major vacations a year. And this is why we do that. You know, we have all these little frameworks laid out in there. There's a whole section on books that I. I'm collecting, and I update it every year. You know, again, if something happened to me, Here are the three books that, That I want you to read to help manage your health, help manage your mindset, help manage your finances. Right? I can't hand over a live. I guess I could. I could hand over the library to my daughter, but, you know, you know, we all get overwhelmed. We have short attention spans. Like, what are just those, like, one or two books that were so impactful in your life, like, that somebody handed down to you, and you're like, oh, my gosh, thank you. Write all that down in the purpose statement for your trust, and then start training into that love that.