Leading your Legacy - The Property Summit

Okay, interestingly enough, I, my first experience of positive real estate and Jason and Sam was at a property game about 2 decades ago now. So where we met over in Sanctuary Cove is where we were running these a long time ago, and this is the first time I met kind of Jason and Sam a long time ago, around about 20 years ago. So it's really nice to be up here chatting to you guys today and sharing some of the stuff that I want to talk to you guys about. Now, what I'm gonna be talking about today is all about creating legacy wealth. Now, who here wants to give something back to the world or to their family at a bigger level than what they're currently doing now? Does anyone want to do that? Okay, in my overwhelming experience, you know, I've been teaching, speaking, training around investing and wealth creation for, well, around about that 2 decades ago when I first met these guys. I started working with Positive Real Estate a long time ago. Literally annoyed the crap out of Jason and Sam for about 6 months until they made a job for me. That's actually how I got started in the industry. And so that's what I've been doing for the last kind of couple of decades now. And overwhelmingly, when I ask this question around who wants to give back or who wants to contribute more, 99.9% of people say yes.

Yes.

But what tends to happen is that a lot of people tend to be stuck at the financial waterline. Who knows what I'm talking about? Who's had the experience of treading water financially where you're, you're doing a lot of stuff, you're doing a lot of stuff, and your legs are moving really fast but you're not going anywhere? Who's had that experience in their life in some way, shape, or form? Doesn't— isn't it just shit? Yes or yes? Is it shit?

Yeah.

Yeah, it sucks. That's not what life is about. I want every single one of you, and that's what, why these guys and the entire team do what they do, is to help you live a life unlimited by income. So you can experience the world the way you wanna be able to experience it, not just stuck in a job, just working really, really hard day after day, year after year, decade after decade, to maybe one day be able to retire and live the good life. That's not what life is about. Does anyone agree with me?

Yes. Okay.

So today I want to talk to you about creating wealth which really outlives you. Now, I want to share with you a bit about how this really started to come along for me about probably 4 to 5 years ago. Now, about 5 years ago, probably a little bit longer, 6 or 7 years ago, I was living in Canberra at the time. And grateful to be back up here with the weather, that's for bloody damn sure, because it's freezing down there. And so I was living in Canberra at the time, you know, just some family stuff. And so what was going on at the time was that I was heavy into the world of cryptocurrency. Is anyone playing cryptocurrency? Who thinks it's weird? Who loves it? Who has no idea what it is? Yeah, that's usually about the place. So like, I'm a bit of a crypto nerd. I love lots of different type of investment strategies. Property is definitely my foundation. But like when I was playing in the world of cryptocurrency, I built a lot of wealth in a short period of time in the world of crypto. And I remember waking up one night, it was about 1 AM in the morning, and I woke up and I was in absolute tears. I was distraught. The reason is, is because I realized if something happened to me right now, my daughter will get nothing of the crypto because she won't know where it is. My family won't know where it is. No one I know knows how to access this part of my wealth. And I realized, oh my goodness, she's gonna get nothing. I spent the next 3 hours creating an entire, entire legacy plan between the hours of 1 AM to 4 AM in the morning to make sure that if something happened to me, that everyone knows where my money is, knows where my wealth is. She knows how to access it, but more importantly, she knows how to use it. Does that make sense? Can everyone understand the difference? Because we heard her talking about before that giving someone money, there's no value in it, right? But when you can actually teach someone how to take that and how to utilize and how to use it, then you're passing something much bigger on. Who's got kids? Okay, well, alright, cool. Who— now you guys are different, but like, because you're learning how to grow and build wealth. However, who would be genuinely worried about their kids' financial future if you didn't have the knowledge to pass on to them? Would any of you be genuinely concerned about that? The rest of you don't care. You just go, little bastards go figure it out themselves. We had to figure it out, right? And so when I think about legacy, it goes far beyond just, let's just give some money. And so I laid out this entire plan. Just to make sure that she's good and that she's gonna get portions of my wealth at certain periods of time, but importantly she had to learn how to use it before she was gonna be given it. Does that make sense?

Yes.

Right, and I think that's some of the most valuable thing that we're kind of talking about. And that was one, and then I made the mistake of sending my mother a text message at 4 AM in the morning going, Mum, if something happens to me, just look in here. The poor woman like at 5, oh, what's going on? Are you okay? I go, Mum, I'm so sorry, I only couldn't Everything's fine, just this is what's going on. Poor woman, seriously. Now, another thing which really shifted my thinking about this was this incredible movie called The Ultimate Gift. Now, who's seen it? Now, there's some of my crew that are in the room right now and I've told you guys there's homework. Who's seen it? Put your hand up for me. Okay, who has never— it's called The Ultimate Gift. Has any— I've seen it. Like, okay, do yourself a favor. It was made in 1990. It's an incredible movie. Try and get through it without crying. I have not been able to so far, right? And it is an incredible movie and it talks about this story, this man named Red. And he came from nothing and he built an extraordinary level of wealth. But along the way, he raised his kids and all his kids turned out to be spoiled brats. One grandson that he had with the son, the good son that wasn't a spoilt brat who passed away, his grandson blamed him for the death of his father. And what Red did was he left a series of videos for his son trying to pass on his wisdom from a life well lived. And it is an incredible movie. The gifts, the learnings, the values in there that was actually shared along the way was It was absolutely extraordinary and it was one of those moments in my life which shifted. Who's had those moments where you've got those before this time and after this time moments? Who's had those moments in life? Has anyone had some of those? This was actually one of those for me and it shifted my entire way of thinking. And so I wanna share with you like this is where this is coming from. So what I wanna talk to you about are the 4 different types of legacy. That when I think about legacy, I think about 4 different parts of legacy. And I wanted to give you a gift as well at the end and the team's gonna email this out, is my template for creating a legacy plan. Who thinks that would be— who'd like to have that? Right, so, and when we're thinking about this, it's not just, let's give my money, it's how do I actually pass something truly valuable on? And so I want you to know that there's a whole platform, whole template, whole thing that you're gonna get access to as well, where you can take some of this and actually take it and apply it. Is that cool?

Yeah.

Here's what the end goal of building a portfolio really fundamentally is all about. How do I build a sustainable, diversified portfolio of quality assets which deliver a consistent and reliable income stream into your bank account to fund the lifestyle you desire? Is that a reasonable definition of creating financial freedom? Like, is that, was that fair enough?

Yeah.

Right, so that's why we actually go and build portfolios. And you know what, I want each and every one of you to make as much money as you possibly can. Handle home base being your life, but then give the rest of it away to something that you truly believe in so we leave the world and we leave the planet in a bit of a better place. Now, you guys would have gone through the financial freedom figure before. I call it the FFF, financial freedom figure, but it's all about your needs, your wants, your dreams. Who's seen that?

Yes.

Okay, and so at the top of that is all about your legacy. And when I think about legacy, I think about the impact. So after you handle home base, Right, handle your needs, get your time back. Next level is your wants, have all the choices that you want in your life. Create the lifestyle you truly desire. Then what's the legacy figure and how— what do you want to give back and how much is that going to cost you? And when we can start quantifying these things as well, what it gives us is it gives us a tangible figure that we can build a structured portfolio towards, which the entire Six Star team around you, which is, you know, some of the best in the world, are here to be able to support you guys be able to do. So I wanna talk to you about this, and there's 4 different parts of creating legacy wealth. There's your mission and your purpose, there's what I call self-actualization, there's families, family intergenerational wealth, and then there's giving back to the planet, right? So let's actually talk through these one at a time as we have some conversations, right? Now, Mission and purpose is all about who are you going to impact and how are you going to impact them. Now who feels that they're here for a purpose? Who feels that they have a purpose to be here on the planet and that they're actually here to impact others or the humanity or something in a certain way? Who feels that they're here for something deeper than just work to pay the bills? Does anyone feel that? Feels that they, they are that, they, they're here for that, but they don't know what it is just yet? Does anyone know that they're here for something but they haven't figured out what it is? Right. Who has been sending themselves crazy trying to figure what that is out and it's been annoying you or frustrating you that you haven't been able to figure it out? Has anyone had that experience? Right. I had this experience a number of years ago where for about 3 to 4 years I sent myself literally crazy trying to understand what's my deeper mission, my deeper purpose here on the planet. And, and in all the cosmos and all this type of stuff. And I set myself crazy for a few years doing that. And then I came to this moment of peace. I came to this moment of peace is that, you know what, when I'm ready and when the world is ready, more is gonna reveal itself. But in the meantime, I decided, okay, well, what's the closest that I know that it is? And as I started to understand that, I took a step towards that. And as I took a step towards that, what do you think happened? You got closer.

Say again?

I saw more. I saw more, right. Because who's been to, I don't know, who's been around positive real estate, this is not the first property game you've been to? Who's been to a few property games? Okay, literally only a couple of people in the room. Who's been to multiple of the trainings, all the trainings that Jason and Sam and the team run? Who's been to many of those over the years? Right. Every time you go to one, do you learn something new?

Yes.

Why is that? Even if they say the same thing over and over again, why is it that you learn something new every time you attend? Because you are a different person. Because you are a different person. Does that make sense? And so as we have these experiences in life, we take a step towards what we believe that it's going to be. We're a different person than who we were back here. And so we've learned some more things, we've understood some more things, we've got some more awareness, and so it allows us to make a better decision. And then we ask ourselves the question again, okay, what's the closest that I know that it is? Like, who's got something they wanna share? Like, so I, you know, for me, I'm a teacher at heart. That's, that's who I am. Out of everything I do, I'm a teacher at heart. I'm here to, you know, part of it is about the finance stuff, but it's actually not about that.

Right?

Finance is just teaching people how to break free of the financial slavery trap that we get sold into so that good people on the planet can actually go and fulfill their mission. That's why I do what I do, right? Pure and simple. Who knows what their mission, their purpose here on the planet is? Like, what's yours? Who's got theirs? Please, what's yours?

To inspire.

To inspire. Yeah, beautiful. I should have warned you, Deanne, sorry. Yeah?

To help people reach their full potential.

Okay, to help people reach their full potential. I'm gonna go rapid-fire, so you're gonna be running, Deanne, yeah, but I'll repeat it. Please?

To help people self-actualize and personal empowerment.

Okay, personal empowerment, self-actualize, become their best version of themselves. Who's got some others? Any more? Yeah, there's one at the back there. Yeah, we'll just do—

Yep.

I'm a teacher as well. You're a teacher as well. Beautiful. 100%. Thank you. To motivate and inspire and just to let people know that if I can do it, anyone can do it. Love it. So good. Please. Travel the world, touch, move, and inspire people on a daily basis and raise the frequency of the planet. Perfect. And, and notice the certainty in how she actually said that, right? Because she's embodied it and we've been chatting a lot over the last couple of days. It's been great. And notice the certainty in how she's actually embodied, embodied it. So when I think about mission and purpose, I think about, well, who are you gonna impact and how are you gonna impact? Right, what is that gonna mean to you? Now, the next part is all about self-actualization. And we've spoken about this and a lot of people are here to be able to support others and letting how you live matter. You know that story I just told you about Red and the Ultimate Gift movie? That was him actually passing on his wisdom from a life well lived and passing it down from generation to generation. And, um, this is what can be one of the greatest gifts. You know, I spoke about the fact that you can give money, but when you can actually pass down lessons from your own life down to other people, it can be something which really shifts people's lives. Who's had someone in their life, whether they were alive or, or passed or whatever it actually is, that had just a fundamental influence on your entire philosophy of your life, right? Who's had that in their life? Right, me too. I want you to meet, um, Sir John Beales Chandler. Now, I never met Sir John. His name was, uh, well, I knew him as Pa. Now, this is my great-grandfather. So he passed away well before I was ever born. In fact, I was talking to my mum last night. I was, I was just having a chat to her about this. And he passed away when my mum was about 5 years old. But this man has had such a phenomenal influence on my life. I still get choked up about it now, just even thinking about it. Right? Now, Sir John was an incredible entrepreneur. He came out to Australia when he was just a boy. around 14, 15 years of age. And then he worked in the cane fields for a few years as he kind of had to pay his way to actually get his pathway into Australia. And so my mum tells me about this 5-foot-3 ginger redhead man who was working out in the sun and with very fair skin and how hard he used to work. And she used to share that with me around these stories. Well after he had passed on, and I remembered that. I remembered those stories step by step. She told me how on such a small wage he was able to save up some money and he started his very first company, right, which was a small electrical company, which grew into something much bigger later on. Does anyone remember Chandler's, the Chandler's Electrical Store? So my mother's maiden name is Chandler.

Chandler's. Right.

So Sir John started Chandler's. They also— she also told me about how he started the first radio station, privately owned radio station, which was 4BC. BC stands for Beales Chandler. Okay? And then also 4BH. And so she told me about all the times where he kind of stepped out of the things that he was scared about doing and just kind of went for it. And I remember that. She told me about his entrepreneurial nature and I remember that every step of the way. I never knew this man, but he had such an impact on me. The lessons of this man's life has come down from multiple generations now. She told me about when he became Lord Mayor of Brisbane in 1940. She told me about how throughout the 15 years that he was Lord Mayor— 4 terms as Lord Mayor— he never took a single dollar, no wage, nothing from being Lord Mayor, because he was truly here to be of service. I remember that. I remember that he was here to really give back and he really cared. She told me about during the war, that was, you know, World War II. She told me during the war how he opened up his home to anyone that needed it and about how they were actually helping doing different things for the war effort and things like that. No money, no nothing, right? Just to kind of open to be of service. She told me that he never wore the Lord Mayor's robes. Because he was a very humble man, and I remember that. Just two years ago, sorry, in 2021, I attended the Queenslanders. Sorry, sorry. He started the Queensland People's Party, which later became the Queensland Liberal Party, and he started that. And so I remember that he was just really here to help Brisbane and support people in such a big way. A few years ago, I attended the Business Leaders Hall of Fame in Queensland, where he was. inducted. And it was just such an emotional moment for me, just hearing from this man who I've been hearing about my entire life and the lessons that he, just from a life well lived, that my mother learned from her parents and that, that was then passed down to me 2 generations later, that I'm now passing down to my daughter and my son. And I'd sit there and I'd look at that and I'd go, What a life well lived. How can someone 2 generations ago be impacting me at such a level right now? And so I wonder what your lesson is going to be. I wonder if you were going to be intentional about that lesson and that you wanted to go, how can my life, a life well lived, how can that help other people? What does a life well lived mean to you? Does anyone have any answers to that right now? What's your kind of feeling around what a life well lived means to you? I think it's Who's got any thoughts? What's a life well lived mean to you? Right, thank you. Yeah.

Family, friends, being kind. I heard a phrase once, leave a good taste in someone's mouth.

Yeah.

So you leave a good feeling behind for other people.

Yeah.

Whether you've touched them briefly or whether you've been heavily involved in their lives.

Yeah. And, and so when you sit there and you talk about leaving a legacy, does it have to be big grandiose things? What can it be?

Stories.

It could be stories. It could just be the smallest idea. It could just be because just being a happy person, being a good human being. having a quality conversation that's kind of left a mark on someone or a good taste in someone's mouth. It could be something so small, but you're never aware of, you can never know how much that impact can have a ripple effect on other people's lives. Who's got some more please? Deanne, yeah. When I get to the end of my life, have I done everything I can with what I've had available? And another one that's really high on my values Is just be kind. Be kind along the way. Just be really kind to people and yourselves. Yeah, it can be so simple. Just be kind. What a concept, right? And so we think about what does a life well lived mean to you? Does it mean that you like truly grabbed a hold of life with both of your hands and you just went after it? And you were known and your kids saw you or your grandkids saw you or people around you saw that You actually just went after life in such a big way that it inspired them. Has anyone had that type of inspiration in their life? They know someone who just went after life hard and you sat there and go, wow, that is beautiful, that is incredible. Even if I could take on a little bit of that, that would be incredible for my life. Has anyone had that experience of someone in their life? It could be something like that. It could be someone who just adventured everywhere. You know, my father has been all through Africa. He just got back again. He's planning his next trip. He's been over there about 24 times. And he just loves— one of my greatest experiences was actually with my 2 brothers going trekking in Chisarira National Park in Zimbabwe. And just us. It was great. And we had one guide and a camp boy and that was it. And we were walking through and, you know, we saw a pride of lions and we put a camp on a cliff and There was a bloody lion just over here somewhere roaring at us and we were freaking out at night and like hyenas and it was one of the most special experiences because there was something so deep to him that he wanted to go and share with us. And it's something I will never forget. But for someone like going adventuring and enjoying and experiencing all the wildlife and nature and things like that, it was incredible. But you know what, one of the things I saw in there which broke my heart was poachers. And seeing these beautiful bull elephant with dead tusks cut off and just left. And it broke my heart. And so when I think about, well, some of the things I wanna give back to the planet, conservation became a big part of that. Right, became huge for me. And that was one of those moments which inspired my life to do that. A life well lived. You've lived your life as your fullest expression. What are the 3 lessons you would like to leave behind? What's the lesson that you would love to leave for your kids or that you would love to leave for your grandkids or you would love to leave to people that you care about? What's the life lesson that you just know, God, if I could just pass this on, it would really support someone? Has anyone got some life lessons? Who's got one? Even just, even if it's not perfect, even if it's just like vague, it's sitting in your mind, you know this is important and people should know about it. Always ask for help. Always ask for help. Who needs that lesson? Does anyone need that lesson? I've definitely needed that lesson in my life for sure. Please, who else? Sorry, I just had a Mentos. That was good timing to have a bite of something, yeah. The question was, so if you've lived your life as your fullest expression, what are— what's one lesson that you would love to leave behind? Oh, that my daughter has an identity and that when she walks through a room, it's not what others say about her, it's about how she feels about herself. God, so good. Absolutely. Yeah, I love it. Please. Hi, my name is Anna.

Hi.

For me, it's being able to, doesn't matter what life throws at you, being able to enjoy it while it's happening. So sometimes when we've got a lot of stress, life, like life happens and rather than enjoy it, like wait for the end, enjoy the journey getting there. Yeah. You know, who's heard the whole saying is that it's not what happens in life, it's the meaning you give it.

Right?

Who's had that experience? Who's heard that before? Who's known people that the most incredible things that are happening around them but all they can find is the negative shit in the moment? Who's had— has anyone known people like that? Who's also known people where life just seems to be crumbling but they've still got a smile on their face?

Yeah.

Right? And then you get a choice. Does everyone believe that? You get a choice in how you show up in the world and who you choose to be.

Yes.

We can either be victims to life or we can choose to be examples. And it's up to you. Like, everyone has that choice and you also have that responsibility and I truly do believe that. Who thinks in terms of their wealth creation journey, one more, yeah, who thinks in their wealth creation journey that everything's just gonna be perfect and there's gonna be rainbows and unicorns and you're gonna be skipping down the rainbow path? Does anyone, does anyone need to be shattered out of that delusion first and foremost? Right, it's not gonna be. If you think it's gonna be perfect, you're kidding yourself. Shit's gonna go wrong, true?

Yes.

Not every deal is gonna be perfect, true?

Yes.

Not every, sometimes will take longer, sometimes you lose, it's just what happens. If you hadn't had the experience, you will. It's just gonna happen. Just deal with it. But you can deal with it at the time and you can react and get all, um, all like, oh, why is me? Or you can go, it's gonna happen, so choose to deal with it now. It's called responsibility. No matter what has happened to you in life, and some of you've had some bad shit happen, I know. No matter what happens to you in life, at some point you've got to sit there and go, do you know what? No matter what, This is my life. I'm responsible for where I am right now and what I'm gonna do next. And you know what? There's gonna be some shit that's gonna happen in the future and you still gotta go, okay, what do I learn out of this? And then you're responsible for what you're gonna do next.

Right?

There was someone else, Deanne, where'd you go? Did you disappear? Yeah, please, yeah. Yeah, so I work in the international education and migration industry. So what I learned through COVID was that when there are no international students coming in and when the border is closed and then when life throws rocks at you, I think just use that to build the castle and then just stick to it, move forward. And once you go through that thing, the difficulty, you'll get to see the fruits afterwards. So that's the biggest lesson I've learned. So good. So, I mean, it was a little bit— did everyone hear that or not? Yeah. So part of it was fundamentally like during COVID who learned some lessons during the whole COVID Yeah, and when life throws some rocks at you, you can build a castle with it if you really want to. Right, post-COVID, who, whose life shifted? Whose life changed? Whose life actually got changed for the better and it was actually a great gift?

Yeah.

Who learned some stuff? Who learned some more things about how they want life to be? Who learned some things about that you want to be in more control and have more options and choices? Did anyone learn some things around that? Who learned some things around the importance of being financially sovereign? So when I talk about financially sovereign, what I mean is that no matter what happens in life, no matter what comes your way, No matter what dumb shit the government does or the Victorian government does or whatever goes on, that you've got yourself and you've got your family. Does that make sense? Right, financial security is not you have a home which is paid off with a safe, secure job and some money in superannuation. Who's realized that's a load of shit?

Shit.

Not saying, 'cause there's financial planners in the room, some might, the team might get upset. I'm not saying superannuation's shit, but if that's all you're relying upon, I think that's incredibly risky. I think if you've got one income stream being your job, I think that's incredibly risky. If you're relying on just a little bit of cash tucked away in the bank, that's incredibly risky. You've gotta set yourself up so that you're purely financially sovereign no matter what happens. That you've got yourself and you've got your family. Who's getting, who's picking up what I'm putting down? Does that make sense?

Yes.

The next one is all about family, which is all about creating intergenerational wealth. And I'm big on this, I'm big on this. You know, I've got a, my daughter's just turned, about to turn 13. She thinks she's turning 16 or 17. I need some coaching around teenage daughters, by the way. This is, she got asked out by a boy the other day and I don't know how I'm coping around this. I'm still— do I kill him? Do I not? Do I— am I happy? Am I not? I'm still rotating through that. I've spoken to Jason about it a few times, and I don't know how I'm— yeah, I don't know how I'm going with that, Shay. So you might need to help. It's okay.

I'll send Lily to talk to you.

Yeah, yeah, I might need to talk to Lily. Yeah, so I'm still dealing with that kind of process right now. And then I've got a 9-month-old son as well. So, and it's such an interesting journey being a dad at versus it is at 27, 28, right? It's so interesting. But creating intergenerational wealth is something I'm big on, but I also think it's incredibly important. What have you been hearing from Sam, from Jason, from the team? Who feels that there's some urgency to sort your financial shit out right now? Does anyone feel that there's some urgency? Why do you feel like there's urgency right now? What do you see that's coming? What are the breadcrumbs that you're looking at that the team are talking about or what you notice? Why do you feel there's urgency right now? What do you reckon? What are some of the reasons? I've got a whole bunch, but I want to hear from you. Just political volatility with who's making the rules. Right, political volatility, 100%, right? Yeah. Pretty much time. You can't buy back time. Right, and that's so true. Time is our most valuable asset, pure and simple, and you've got to buy it back. Taking back one day at a time. What else? What, what are some of the other things that you're noticing right now which is creating some urgency for you? Please. Uh, you just don't know what's going to happen tomorrow. Right. So there's been a bunch of stuff that's happened over the last kind of 15 to 20-odd years, you know, GFC, the affordability crisis, COVID, all the stuff that's happened. There's been some big stuff which has shifted. Please.

Um, just like my age and my kids' age is making me feel like I need to move.

Tell me more about that. What do you mean? Do you mean when you, when you say your age, do you mean— Well, like I'm 41. Yeah.

And they're like, my oldest is 16, they're 14, 12. So I'm like, it's not that far away. Like I don't have as much time as I—

yeah. Yep. Yep. Okay. Yeah. You're beautiful. Great. Okay. Yeah. Does anyone have some others? What's happening in the demographics, economy, things like that? Who's Generational change in values. Generational change in values, yep.

The middle class is getting squeezed.

And getting smashed, right? Is there a generational, is there a wealth gap that exists right now and that is widening? Is that true? Yes or yes? Right, it's widening. And you've got— whether you agree with it or not is irrelevant. It's happening. We have to look at reality, and you've got to make a decision which side of that do you want to be on.

A couple of things. Age, because we're in our sort of mid to late 50s and our kids are now adults. They're 22, 25, and almost 25, and 27. And also we've had friends that have died suddenly, you know, in their 50s. And we'd lost 2 friends to MND within 2 months of each other. We're in the early 50s and you just don't know what's happening around the corner.

Yeah.

And you wanna have enough left to enjoy the time you hope you have, but also to have enough left for your children so they have a decent start.

So right, so right. Because one of the things that I've noticed is that it's becoming more and more unaffordable, isn't it? Who's genuinely concerned? Now your kids will really be fine, but who's genuinely concerned about how their kids are gonna be able to afford to buy a home? In the next 5 to 10 years? Is anyone genuinely concerned? Now you guys might be okay because you're gonna pass it down, right? Potentially, well some of you could sort your own shit out, but like, I think first home buyers are gonna be something you see in a museum. You're gonna walk in a museum and go, oh, there's those first home buyers that I once heard about, right? That's what I think's gonna be happening. It's becoming more and more unaffordable for kids to be able to get into their own home. What's the average age of the first home buyer now?

36.

36 years old. The number of first home buyers who are now in their 40s doubled in the last 3 to 4 years alone. Doubled. You think about the next 3 to 5 years, what's gonna be happening. I also think about things like control, and this is where I start to put my tinfoil hat on, and I'll be careful not to go too far. Jason will tell me to get off the stage. Yeah, I know, it's exactly right. But central bank digital currencies, does this concern anyone? Or am I alone in that?

Yes.

Right, so central bank digital currencies, 15-minute cities, like all these different things which are happening right now. Again, I sit there and I think about how are you gonna give your kids choices? And how are you gonna give their kids choices? And how are you gonna give their kids choices? And that's when I think about intergenerational wealth. What can you do right now that's gonna support future generations? Now, but again, it's not just about giving money 'cause that doesn't help. What does it go? First generation makes it, second generation?

Expands it.

Grows it, third generation?

Blows it.

Blows it. Has anyone heard that before?

Yeah.

Why? Why does the third gen— why does second generation grows it? Because they see what goes into actually creating in the first place. Third generation just gets given money, but they don't recognize the value of it. And so they just spend it. They have capital. Right? Right, so that's why you've gotta teach 'em. So when I think about this legacy plan, and I think about creating intergenerational wealth, so what I've set up for my daughter is that if something happened to me, she's just not getting all the money, stuff that for a joke. She's gotta work for it. And she's gotta learn from it. So she's got a certain amount which is segmented for her at a certain period of time. And there's provisions of that set aside for her to get mentoring. Does that make sense?

Yes.

And only when she gets ticked off from the mentors as proficient in that will another level be released. And so I've set up this whole protocol. She'll hate me if something happens, seriously. Like, oh, I want to be that dead guy in the grave that's still controlling the money. That's what I want to be. It's just, I just find it amusing. Right? And so I've set up this entire protocol for her to learn about money, around wealth, and to pass on some of the values that I've acquired in my life in the last 40-odd years. And so when I think about intergenerational wealth, it's not just about giving money. That's just one thing. The most valuable thing is teaching your kids and their kids How to actually be stewards of wealth and how to be giving human beings and how to be people who actually want to have an impact on the planet, not takers, givers. And that's when I think about intergenerational wealth. Now I know some of, there's some of my clients in the room and I, I've run a lot of trainings and things like that online and I always get these dinner, dinner, dinner pictures. People with their kids sitting at the dinner table watching these trainings and kids turning up to events and things like that. It just makes me so happy. Like, never be afraid to talk about money and stuff and everything with your kids. Involve in it, make it normal. Who was brought up in an environment where money and wealth creation was something weird and you don't talk about it? Has anyone been brought up in that?

No.

I never had money conversation with my parents in any way, shape, or form. We've gotta normalize wealth creation. What's normal is gonna work exchanging time for money and making money to pay bills. That's normal, right? What a shit normal. What if we normalized financial freedom? What if we normalized wealth creation? What if we normalized that type of environment in your home? What impact would that actually have? So what financial lifestyle opportunities do you wanna be able to give to your future generations? Is it that you wanna be able to help your kids to get their first house, right? Is it that you wanna be able to make sure that they have options if something happens in the world? Is it that you want them to be self-sustainable so there's no toilet paper crises ever again, right? Is this some of the things that you might want? What are you worried about? Like, what are you genuinely worried about for your kids in their future? What are some of the things you're worried about right now? Nothing, everything's perfect. Relationship between siblings. Right, relationship between siblings. I'm just talking to one of my clients right now and he's 50 and his sister has now started legal proceedings against his entire family for their parents' estate. Who's seen stuff like that happen before? My mum and her brothers were ripped apart because of this and it was horrible, right? Who's noticed that in relationships money might be part of a— can potentially cause conflict? Has anyone had these experiences before?

Never.

Never, no one's ever had conflict in terms of money?

Why?

Because you've got 2 people with different money lenses which are coming in, different beliefs around money, different backgrounds of money, and they clash and they don't know how to communicate. Right? You've got these things that are clashing and creating explosions, and it's one of the biggest forms of stress in a lot of people's life. And how are you gonna prepare your kids and their kids, all the people that you care about, to become stewards of wealth? So what does that actually mean to you and what does it look like? Finally, it's all about the planet. And so mission and purpose is all about impact. Self-actualization is all about wisdom. Family is all about giving your kids opportunity. And then the planet is all about contribution. How are you going to leave the world in a better place? Who's got a cause that they really believe in that they That they want to be able to give back to a lot more. Who's got some of those? Who's got a cause they really believe in that they want to be able to give back to? Okay, one of you. Who's getting a bit tired? Right, okay, let me ask that again. Who's got something they believe in they want to leave the world in a better place in some way, shape, or form? Does anyone want to be able to do that? Okay, what are, what are some of yours? Like, for me, I told you one of mine is conservation. It's huge for me. I've got a couple. Who, please? I wanna hear some.

Education.

Education, yeah, absolutely massive. You know, it's one of the reasons I love what, you know, Room to Read— I've been to the Room to Read staff, we've been able to support a number of girls through their entire years of education. Like, you know, the libraries that are built, things like that. Like, I was born in the Solomon Islands, and which is a little bit different and weird, so But, you know, we sent a whole bunch of books back to the Solomon Islands because they didn't have libraries. And the value that they place on a book that we take for granted is unbelievable. And so I did that with my family. It was amazing to be able to do it. It was such a gift. What else?

Global warming. Global warming.

We're all gonna die. We're all gonna die. Well, that's a positive note to leave it on. That's good.

Okay.

Yeah, so global warming. We've got to be aware of the planet. Yeah, please. I've got for food security for children, so making sure kids don't go to school hungry. Okay, amazing. Food security for children, so good. Brandon? Yeah, I've been lucky enough, I've been a farmer 40 years, and my policy with my kids is every year they've got to plant at least 1,000 trees on one of our farms. Wow, so good. I love it. Shay? Uh, I'm gonna say mental health of the teenagers and kids growing up in this world and what's ahead of them. Yeah, just trying to eliminate that fear. Yeah, who thinks that's more and more important, especially with all the social media stuff that's going on? Yeah, it's huge. Yeah, who else? Another couple. Yeah. Uh, helping with addiction, specifically alcohol. Yep, helping with addictions. Yeah, please. Wait, Trey.

Wait.

I just like watching everyone run around with microphones. Wait, wait. Get there. Get there.

We do.

We help for sick sick kids, and only because our daughter got sick bad once, and. You see all the kids in there. So every Christmas we buy all the kids in the hospital. Wow. Like a, like a, we build a bag full of all sorts of stuff.

Wow.

That's incredible. Give them a round of applause. That's great. And so when we think about it, I truly do believe that we're, that we should handle home base being our life, live an extraordinary life, make all the money you possibly can. Experience the world unlimited by income. Buy the things. It's okay to have things. Get your time back, but then find something bigger than yourself to be able to give back to. And I really do think that it's part of our mission here on the planet for each and every person, that there's something that you're here to do. There's something that you're here to give. And for you to be in this room right now, who believes that there's an energetic attraction which are happening? when it, when it comes to people, when it comes to money? Who thinks it's energetic? There's no, there is no, um, it's not by luck that you got here. At some level, you were energetically attracted to the mission and to the purpose and to the people that Jason is, that Shay is, that Sam is, that's the entire team that is here. At some level, it's an energetic attraction which brought you into this ecosystem or environment.

That's funny.

And I think that's something to really think about. It's something to really listen into, into your heart, because there's something that you're here to do and there's something that these guys are here to do. And the number of people that they've impacted, not only just education in Australia but overseas and all that stuff, is absolutely phenomenal, right? And each and every one of you are a part of that and it's something truly, truly special. Now I'm aware of the time, Jason. I'll be off in a moment. Here's what I wanted to give to you. Now, now, by the way, has any of that resonated with anyone today? Like, has any of that resonated?

Yes.

Okay, now here's what I wanted to give to you, and this is gonna be emailed to each and every one of you. I created a, um, a guide, and this was based off the whole process that I did when at 1:00 a.m. in the morning spending 3 hours creating an entire legacy plan. And then just don't call your mother at 4 AM. It's not— it doesn't work very well, right? And so I call it being a legacy leader, all about leading and leaving your legacy, right? And so through this, it's going to take you through an entire process step by step, going through each quadrant one at a time. You know, creating intergenerational wealth. What's your outcome? What's the opportunities you want to be able to give? What does it look like? Um, the risks, the protection, how you're going to keep it safe, what mentors and advisors you're going to put in place, what milestones you need fulfilled. So I've taken you through an entire process for each and every one of these so that you have the opportunity to actually really think about this at a deep, deep level. And if you're someone who's been going, I know there's something more that I'm here to do on the planet, I know there's something more that I'm here to give, but I just don't know how to do it, I don't know what it is. this yet, I can guarantee you this is gonna help. And for you with your kids or for their kids, if you're thinking about, you know, hey, I want to be able to give back and I want to teach my kids, well, let's actually give them a framework and a structure to be able to do that. And I'm hoping that this is gonna support you guys and help you guys to do that. Like, who would like a copy of that? Would anyone like a copy of that? Yeah, so that takes you through an entire process around each and every one of these. And I love this: we do not inherit the earth from our ancestors, we borrow it from our children.

That's right.

And I think that's really beautiful, and I think it's really, really profound, and I think it's really real. I'm going to finish up there, Jason. I appreciate you all. Thank you so much.

Toddie!