Unknown: 0:00

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Jay Boekeloo: 0:32

Good day, everybody, and welcome back to For the Wealth of It podcast. As always, we are super happy to have you. Today, instead of having a guest, the three of us thought it would be kind of reflective, introspective of us to talk about maybe some takeaways that we have had ourselves from the guests that we've had on thus far. We did one of these a while back, and so we went, hey, we're overdue to just kind of talk and let our vulnerabilities show. So Guys, Brett, Jared, how are you?

Jared Tanimoto: 1:05

We're doing great. Excited to talk about this. I think it's pretty interesting that most of, I would say all the guests are from different walks of life, different backgrounds, are running different businesses. Some maybe even kind of in our industry, but all doing very different things. And I think that kind of gives a unique perspective on, you know, they're all business owners or most of them. And I would say most of them live in a life of, I would say, of wealth.

Brett Maikowski: 1:33

Yeah, I think the big thing for me was just like living the life with intention and not just kind of living their their default version of life, but being intentional about their business or their career or where even where they want to live. And sometimes that's in a whole nother country. And so just kind of looking at this list of guests that we've talked to, it's very there's a common theme of intentionality with with just about every one of them.

Jay Boekeloo: 1:58

Yeah. No, I love that you're touching on that, both of you. I mean, Jared, like you said, from all walks of life, which I think is really cool because it kind of goes back to, you don't have to be fit into a particular box, right? So, and that's our goal is to bring a bunch of people from different arenas of life and show how they have come up with their own concept of how they're creating their own wealthy life. So, I mean, like you said, Brett, we've got a ton of people that we've had on since we did one of these type calls, right? Is there anybody in particular that like if I were just like, hey, what's one thing that you think of often or that moment or is there something that pops into your head?

Brett Maikowski: 2:36

Yeah, you know, we were talking about this before. And if we go all the way back to the very first episode with Kara Max, like she, I think, kind of kicked us off with with this whole living an intentional life, discovering what wealth means to you. And, you know, and definitely some common threads with us being in the financial world. But, you know, she was on Wall Street and then had enough and then did some work with nonprofits, now has her own company. And it was just like the reason she changed her career and her life was because of the life she wanted to live. And one thing that sticks with me, I mean, that episode was almost a year ago and one thing that stuck with me was she wanted to be there with her family, wanted to be there with her kids. And she wanted to be the one raising her kids, not nannies or daycare or anything like that. Like she wanted to have more an influence on her kid's life. And that's why she stepped out of the wall street role so that she could be more active in her family's life. And that's as we've discussed through some of these episodes, that's like a different version of wealth that doesn't translate to financial wealth, but is a, a, very powerful version of wealth of being with your family and having the ability to do that. And so I thought that was kind of something that stuck with me.

Jared Tanimoto: 3:53

Yeah. I think it's kind of the opposite of some of the other people we brought also brought on. I think it's cool that we kicked it off with her because in most instances, people are going from situations that, you know, maybe they're not making enough money or they're not happy where they are and they want to go into a business, but they don't know how, because there's a lot of risk, a lot of, commitment in terms of capital. And she was kind of with opposite where she was making, I'm sure she was making really good money on Wall Street. And she was talking about like, you know, it was the life of the Ritz Carlton when they would travel. And she said, that's not what made her happy. She's more of a I remember that she's like, I'm more of a, you know, Marriott kind of girl. And so She took that big leap. I'm just standing out like Zach's since I know him. I saw him start at a barbershop where it was just him and he had to go out and fund and raise money in order just to renovate his first shop, which, you know, I think it was in that situation, I'm sure he was scared. There was a lot of risk on the table and you know, if it didn't fail, then a lot, in a lot, a lot of situations, people, you know, their default is just going back to a W2 job. And so I think we've interviewed a bunch of people from all walks of life that have their own unique stories. Y

Unknown: 5:15

Piggybacking on that Zach Reese thing, Brett, something you said to us when we weren't on air was, You had said, you know, man, it's so easy when you look at Zach, like you wouldn't think that there's innovation in the world of haircuts, right? It's so easy to be like, okay, this is established. It is what it is. But then Zach was like, no way. Like he didn't, he didn't just settle for the, that's where I'm going to end. He brought technology. So I'll let you have the floor there.

Brett Maikowski: 5:44

But I thought that was a really cool comment that you noticed there. Yeah, it's just, you know, it's it's I think it just it's looking at things through a different lens. And the thing that he mentioned on the on the interview was, hey, we're doing these haircuts and it's just kind of. winging it almost, you know, you go to a barber, you tell them what you want and they do their thing. But he's like, there's, there's gotta be some standardization here, some common themes. And as he's doing more and more research and, um, he's, he's telling us about how he's measuring, you know, different parts on your head and he's going through the whole anatomy of your skull. And I couldn't repeat it if I tried, but, um, he's like, you know, there are some common themes. And so can we map this into a software and then, you know, provide the standardization that maybe one day we can have a franchise across the country. And it's just like, who would think like that? you know, just as, as a barber, just opening up their own shop. And that's just kind of a cool thing that I got out of that

Jared Tanimoto: 6:44

episode. The checklist manifesto. I remember he mentioned that. I think even Jerry, when we went on, he mentioned that as a, as a book that he usually gives out to a lot of business owners. And I think just, it's cool that he took a very simple concept from something that he read and apply that to his business. Yeah.

Brett Maikowski: 7:02

That and the, the e-myth. And it was just, that was kind of cool too. Seeing like two episodes kind of cross paths a little bit where we had a business advisor recommending this book and then a, an actual business owner who has read that book and was inspired by it and is implementing that. That's kind of cool to hear as a business owner.

Jay Boekeloo: 7:22

Yeah. I think that's something that stood out for me. Uh, one of the common threads through a few of the episodes was that systematization, um, Because that is not, so you guys know, my background is a professional musician, right? So it's like the creative, the artistic, the stay up until late at night because I have an idea and I'm writing songs at that point. And that is all well and good and art can flourish in there. But then it's like how to sell that art, how to make it actually, you have to have a system fit within the system. And so to your point, like Zach mentioned, whether it was the checklist manifesto or Michael Gerber in the E-Myth saying, hey, like the way a franchise works. And then Jerry came in and he reiterated that as well as like, hey, remember, like there's a difference here between a business owner, a technician. He even said between an entrepreneur, it's like you've got to be create systems for yourself. And that then makes me also think of Joy Leary, who said, you know, retirees who are maybe feeling lost or, and then Jared at that, I remember even said, well, it's not just retirees. It's people who are working as well. Maybe feeling a little flustered or no direction. And joy was like, you've got a pencil in some time, even if it's, this is my free time. So there again, went back to that. Like, here's a system. Here's something that you can do on a regular basis that, And I'll be honest, like I have like conflict when I hear that because I'm like, oh, but then my spontaneity is gone. And but at the same time, my spontaneity will be gone. But my what my production will have gone up. So you have to find that balance. Yeah.

Jared Tanimoto: 9:07

Jay you did the opposite of what Josh did because he was in the finance industry before and then he moved over to become an artist and that's pretty interesting that that is interesting

Jay Boekeloo: 9:16

I wonder if it's a lack of balance right because part of mine was like I was always creating art and things and then I had lots of people saying hey we need you to create this song and can you send it off to the record label and hey we don't like your your the words you're using here are too hard to sing in English because you know there's people in India who are singing this song so let's let's make that a little bit easier to sing, which was cool. It was a really great experience, but it like monetized everything. And I was like, I felt like I lost that artistic ability. So I could see somebody being like, I don't want to do it this way. But for me, it was like, all right, I want to still be able to create my own art, but then I'm not going to get paid. So how can I get paid to, uh, and still have the freedom. So it was a balance. Um, and you know,

Jared Tanimoto: 10:03

one day you could create a new podcast intro and we'll pay you 20 bucks. Y You already picked it out though. So we have him to think for

Brett Maikowski: 10:13

Jay and his banjo strumming away

Jay Boekeloo: 10:15

full discretion. I cannot play banjo. Um, but AI can, AI can. That's true. Yes. Um, And nowadays, why would you pay me 20 bucks, pay $8 a month and you can get the Suno app and it'll create something that's just. Yeah. So I'm curious what you guys think. I mean, because a lot of these we were talking, they are business owners themselves. That's a common commonality between them. But there's also, you know, like Teresa, she was the dietician. and also speaks to systems, right? Like here's how you got to stick with something. Anything stick out in particular with that one? Because that's a little bit askew of here's an entrepreneur creating their own business. She spoke to the health life.

Brett Maikowski: 11:07

Yeah, just, I think, like I mentioned with Kara, another version of wealth, you know, is, you know, we talked about with Kara, it was spending time with her family. Well, with Teresa, it was, Health, you know, health is wealth. And so, you know, just simple things of just taking care of yourself, whether it's nutrition, exercise, mental, whatever it is, having all of those are important because you could have all the financial wealth in the world. But if you're not healthy and able to enjoy it, then what does it matter?

Jared Tanimoto: 11:38

And I think. maybe I'll even bring it up now is like behind the scenes, we've been talking about what are different ways that we could talk about wealth in our podcast. And I think that's, that's a huge one. And, and so I think we'll, as we go down future episodes to be able to talk about more than just you know money and um expand to what our own definition of wealth is on this podcast will be um cool to talk about i think a lot of our guests already in the past have you know through their stories and the way they're just living their lives are living a wealthy life more than just the income they earn

Jay Boekeloo: 12:16

right yeah that's a great lead actually jared into kind of what i was going to say as well is listeners out there, like we do listen to feedback. We want to hear ideas and like, Hey, we want more of this, less of this. And I think one of the things that keeps coming up is, you know, you've got three certified financial planners here and we, for the wealth of it. And so, Hey, we want to touch a little bit more on the monetary side of things, but at the same time, maintain like, not thinking like nobody's coming on here to be like, how do I create a spreadsheet? That's not what they're looking for from us. So the three of us have been talking. It's like, what is a wealthy life to us? We're learning as we go as well. And we're getting these insights from these people who to us exemplify, man, they seem happy. They seem fulfilled. And so we're thinking just down the pipeline, you know, we can't give away too much yet, but maybe a system or something where we can say, Hey, balance in your life in these areas, right? to be determined. And then how can our expertise in the financial world lend itself to say, hey, you know, like we said, health. Well, is there a way that I can get a gym membership? Do I negotiate? Is there a better gym out there? Can I have an employer pay for it? These are the things that we are aware of in the finance world, but it is tied. You know, it's congruent to the physical health that will lend itself to living a good life.

Brett Maikowski: 13:51

Yep. They're all related. They all play with each other, you know, and all these different areas of wealth. And, and it's just understanding those trade-offs, those, those checks and balances. And, you know, what am I willing to give up to, to go pursue something else? And I think that's, those are the conversations I'm looking forward to having.

Jay Boekeloo: 14:08

Yeah. And I will say the retirees is one of the things, again, just kind of harkens back to joy, you know, and the four C's, Brian Portnoy's four C's. I just think it's really cool that here's these people who are experts in having people feel like they're living a great life and none of them have ever said no. Well, it really means that they need to be making 8% per year. They need to have a million dollars. Like they're like, no, in my experience, these people are looking to be like, I want to spend more time with my family or I want to travel more. Right. And here comes Ariel Tucker. Hey, why wait until you're retired? Travel now. Like, so, um, yeah, it's been really fun to learn. And, um, So any final thoughts, guys? I know we've kind of covered a lot of things, but we at least wanted to disclose here's what's gone through our head. I guess I do have one question. Sorry, Jared. I see you're trying to keep saying something. I keep cutting you off. Go ahead. Why don't you go first? No,

Jared Tanimoto: 15:15

no. I was just going to say, I'm excited to bring in more guests that... We'll hit on these different types of wealth that we're talking about to have more expansive and unique conversations that shift away maybe than just the traditional entrepreneur or business owner. I'm sure a lot of them are going to be in those, but to be able to focus on the different aspects will be cool.

Jay Boekeloo: 15:37

Yeah.

Brett Maikowski: 15:37

And Brett, any final thoughts there? No, I think I shared them all, but I'm excited about... Where we're heading and the guests that we've had so far, I've picked up a lot from each of them and in a variety of different areas like we talked about and some in finance, some and not. And it's kind of cool to see it all come together. Yeah.

Jay Boekeloo: 15:58

Well, I've really appreciated having you guys be a part. I've learned a lot from you guys as well as, you know, even behind the scenes we're talking and, oh, what did you think this meant when they said this? And, oh, that's a different take. So we'll continue to throw out things as we go, like some insights that we are provided and learn ourselves. But as for today, as you guys know, All three of us are dads and we are all on dad duty today. Well, I'm not actually. He's in summer school. So I'm going to go watch a TV show, baby. You

Speaker 03: 16:31

enjoy.

Jay Boekeloo: 16:32

But you to go enjoy the family, live in the dad life. And thank you listeners for being here. Please do continue to reach out. Tell us what your thoughts are. Anything that was insightful for you as well, because we would love to share that. If you're implementing it, maybe we can have you on. So if you're interested, reach out. You can reach us at our email, which we'll list down in the show notes. And yeah, thanks for being here. Thanks.

Disclosures: 16:58

For a comprehensive review of your personal situation, We'll be right back. Finra. She's IPC. Cetera is under separate ownership from any other name entity. Brett is located at 102 South Goliad Street, Suite 101, Rockwall, Texas, 75087. Jay Bucklew is an investment advisor representative offering advisory services through I Know Finance LLC. Jared Tanimoto is an investment advisor representative offering advisory services through Savvy Advisors. Jay, Jared, and the guests of the show are not affiliated or registered with Cetera Law Services LLC. Any information provided by them is in