
[Music] my daughter just started kindergarten so
my daughter just started kindergarten so
my daughter just started kindergarten so this is a really exciting time it marks
this is a really exciting time it marks
this is a really exciting time it marks a time when me as a parent it’s gonna
a time when me as a parent it’s gonna
a time when me as a parent it’s gonna hand my child over to this education
hand my child over to this education
hand my child over to this education system and hope that she learns the
system and hope that she learns the
system and hope that she learns the skills she needs to be successful in
skills she needs to be successful in
skills she needs to be successful in life now I know I’ve only dropped her
life now I know I’ve only dropped her
life now I know I’ve only dropped her off at kindergarten and I’m already
off at kindergarten and I’m already
off at kindergarten and I’m already starting to think about high school but
starting to think about high school but
starting to think about high school but really when we drop off our kids at
really when we drop off our kids at
really when we drop off our kids at school it kind of evokes a lot of deep
school it kind of evokes a lot of deep
school it kind of evokes a lot of deep philosophical reflections about what do
philosophical reflections about what do
philosophical reflections about what do we need in order to be happy or to be
we need in order to be happy or to be
we need in order to be happy or to be successful in life and what will our
successful in life and what will our
successful in life and what will our children need now one of these topics is
children need now one of these topics is
children need now one of these topics is something that I know that she’s really
something that I know that she’s really
something that I know that she’s really not gonna learn in school as much as I
not gonna learn in school as much as I
not gonna learn in school as much as I wish she would and oftentimes this
wish she would and oftentimes this
wish she would and oftentimes this conversation doesn’t actually happen at
conversation doesn’t actually happen at
conversation doesn’t actually happen at home the topic that I want to talk to
home the topic that I want to talk to
home the topic that I want to talk to you about today is this and specifically
you about today is this and specifically
you about today is this and specifically how do you make more of this now my
how do you make more of this now my
how do you make more of this now my experience with money started very
experience with money started very
experience with money started very differently than most I was in education
differently than most I was in education
differently than most I was in education I was an educational consultant worked
I was an educational consultant worked
I was an educational consultant worked in there for about ten years
in there for about ten years
in there for about ten years and at the time I was doing my masters
and at the time I was doing my masters
and at the time I was doing my masters of Education and I had this hobby called
of Education and I had this hobby called
of Education and I had this hobby called trading in the market and as you can
trading in the market and as you can
trading in the market and as you can imagine when I first started I didn’t
imagine when I first started I didn’t
imagine when I first started I didn’t make a lot of this stuff and what I
make a lot of this stuff and what I
make a lot of this stuff and what I decided to do when I did my Master’s
decided to do when I did my Master’s
decided to do when I did my Master’s event was apply the things I was
event was apply the things I was
event was apply the things I was learning about how we learn best with
learning about how we learn best with
learning about how we learn best with the skills of making money now it ended
the skills of making money now it ended
the skills of making money now it ended up working out really well I left that
up working out really well I left that
up working out really well I left that full-time job and now I do this for a
full-time job and now I do this for a
full-time job and now I do this for a living and it’s pretty fantastic but
living and it’s pretty fantastic but
living and it’s pretty fantastic but it’s with this perspective of both
it’s with this perspective of both
it’s with this perspective of both education and investing that I want to
education and investing that I want to
education and investing that I want to talk to you about today when we think
talk to you about today when we think
talk to you about today when we think about money many of us are very familiar
about money many of us are very familiar
about money many of us are very familiar with the skills save more spend less
with the skills save more spend less
with the skills save more spend less budget those are terms we use all of the
budget those are terms we use all of the
budget those are terms we use all of the time we throw them around we know there
time we throw them around we know there
time we throw them around we know there are things that we should do and they’re
are things that we should do and they’re
are things that we should do and they’re really focused on preserving what we
really focused on preserving what we
really focused on preserving what we have then on the other side of the coin
have then on the other side of the coin
have then on the other side of the coin we have this idea of what it would be
we have this idea of what it would be
we have this idea of what it would be like to make a ton of money
like to make a ton of money
like to make a ton of money we have these ideas and notions in our
we have these ideas and notions in our
we have these ideas and notions in our head when it comes to the market that we
head when it comes to the market that we
head when it comes to the market that we think we need to risk it all to make
think we need to risk it all to make
think we need to risk it all to make millions of dollars
this is Gordon Gekko a very familiar
this is Gordon Gekko a very familiar character when it comes to making money
character when it comes to making money
character when it comes to making money we’ve probably all seen the movie Wall
we’ve probably all seen the movie Wall
we’ve probably all seen the movie Wall Street we might watch shows called
Street we might watch shows called
Street we might watch shows called billions this is the typical depiction
billions this is the typical depiction
billions this is the typical depiction of what we normally think about when it
of what we normally think about when it
of what we normally think about when it comes to trading this is me trading in a
comes to trading this is me trading in a
comes to trading this is me trading in a coffee shop while my baby is sleeping on
coffee shop while my baby is sleeping on
coffee shop while my baby is sleeping on me what we see and hear when it comes to
me what we see and hear when it comes to
me what we see and hear when it comes to money making is so far removed from what
money making is so far removed from what
money making is so far removed from what it’s really like so if you have a bit of
it’s really like so if you have a bit of
it’s really like so if you have a bit of money saved and we’ve done what we’re
money saved and we’ve done what we’re
money saved and we’ve done what we’re supposed to do and we want to actually
supposed to do and we want to actually
supposed to do and we want to actually grow some wealth many of us are trying
grow some wealth many of us are trying
grow some wealth many of us are trying to hit that other very traditional
to hit that other very traditional
to hit that other very traditional notion of what it’s like to be in the
notion of what it’s like to be in the
notion of what it’s like to be in the market the notion that’s actually more
market the notion that’s actually more
market the notion that’s actually more appropriate for institutional investing
appropriate for institutional investing
appropriate for institutional investing or people who already have millions of
or people who already have millions of
or people who already have millions of dollars trying to make more depictions
dollars trying to make more depictions
dollars trying to make more depictions of average people are few and far
of average people are few and far
of average people are few and far between if we actually want to do
between if we actually want to do
between if we actually want to do something with our money we kind of are
something with our money we kind of are
something with our money we kind of are somewhere here in the middle and there’s
somewhere here in the middle and there’s
somewhere here in the middle and there’s a big knowledge gap and so no wonder
a big knowledge gap and so no wonder
a big knowledge gap and so no wonder it’s pretty confusing for all of us
it’s pretty confusing for all of us
it’s pretty confusing for all of us I mean 76% of millennial women find
I mean 76% of millennial women find
I mean 76% of millennial women find investing confusing 71% of Americans
investing confusing 71% of Americans
investing confusing 71% of Americans find talking to their financial planners
find talking to their financial planners
find talking to their financial planners scary and get this 44 percent of
scary and get this 44 percent of
scary and get this 44 percent of americans find the most challenging
americans find the most challenging
americans find the most challenging conversation you can have is about money
conversation you can have is about money
conversation you can have is about money even the topic of death comes in second
even the topic of death comes in second
even the topic of death comes in second at 38% so this is a real problem we all
at 38% so this is a real problem we all
at 38% so this is a real problem we all work really hard for our money we are
work really hard for our money we are
work really hard for our money we are all told to save our money but what do
all told to save our money but what do
all told to save our money but what do we do if we want to make a little bit
we do if we want to make a little bit
we do if we want to make a little bit more what do we do if we’re somewhere
more what do we do if we’re somewhere
more what do we do if we’re somewhere here in the middle most of us are
here in the middle most of us are
here in the middle most of us are probably handing our money over to
probably handing our money over to
probably handing our money over to financial institutions because this is
financial institutions because this is
financial institutions because this is often what we’re told to do and when we
often what we’re told to do and when we
often what we’re told to do and when we do that that’s fine for some but
do that that’s fine for some but
do that that’s fine for some but unfortunately we don’t really get to see
unfortunately we don’t really get to see
unfortunately we don’t really get to see what they do we don’t get to definitely
what they do we don’t get to definitely
what they do we don’t get to definitely don’t get to learn
don’t get to learn
don’t get to learn to do it and many of us don’t even know
to do it and many of us don’t even know
to do it and many of us don’t even know the questions we should be asking about
the questions we should be asking about
the questions we should be asking about why are they making the decisions that
why are they making the decisions that
why are they making the decisions that they are and I don’t think that this is
they are and I don’t think that this is
they are and I don’t think that this is really right many of us don’t even
really right many of us don’t even
really right many of us don’t even realize that we actually have the
realize that we actually have the
realize that we actually have the technology to be able to log into your
technology to be able to log into your
technology to be able to log into your cell phone or your laptop and to be able
cell phone or your laptop and to be able
cell phone or your laptop and to be able to trade at any point in time during the
to trade at any point in time during the
to trade at any point in time during the day unfortunately though the skillset
day unfortunately though the skillset
day unfortunately though the skillset that’s gone along with this hasn’t
that’s gone along with this hasn’t
that’s gone along with this hasn’t really kept up so many of us don’t
really kept up so many of us don’t
really kept up so many of us don’t really know so what if we turned then to
really know so what if we turned then to
really know so what if we turned then to the formal education system this is
the formal education system this is
the formal education system this is where we would think about we need to
where we would think about we need to
where we would think about we need to learn to make money so the latest term
learn to make money so the latest term
learn to make money so the latest term that we have here is called financial
that we have here is called financial
that we have here is called financial literacy now this is supposed to help
literacy now this is supposed to help
literacy now this is supposed to help all of our money woes but if you look at
all of our money woes but if you look at
all of our money woes but if you look at the narrative about what is still being
the narrative about what is still being
the narrative about what is still being discussed when it comes to financial
discussed when it comes to financial
discussed when it comes to financial literacy we still are talking about the
literacy we still are talking about the
literacy we still are talking about the same old same old save more spend less
same old same old save more spend less
same old same old save more spend less budget your money and I want you to
budget your money and I want you to
budget your money and I want you to think about it for a second if we
think about it for a second if we
think about it for a second if we actually took this idea and started
actually took this idea and started
actually took this idea and started helping people to know how to make money
helping people to know how to make money
helping people to know how to make money and then they started spending money
and then they started spending money
and then they started spending money based on the profits that they actually
based on the profits that they actually
based on the profits that they actually made from money they earned how would
made from money they earned how would
made from money they earned how would that change the conversation about money
that change the conversation about money
that change the conversation about money we need to help our students realize
we need to help our students realize
we need to help our students realize that when it comes to the markets or the
that when it comes to the markets or the
that when it comes to the markets or the ability to make more money this can be
ability to make more money this can be
ability to make more money this can be actually very achievable for most of us
actually very achievable for most of us
actually very achievable for most of us but we need to stop trying to make the
but we need to stop trying to make the
but we need to stop trying to make the millions of dollars and risk it all and
millions of dollars and risk it all and
millions of dollars and risk it all and start realizing that this is a skill
start realizing that this is a skill
start realizing that this is a skill that any of us can do at any point in
that any of us can do at any point in
that any of us can do at any point in time we need to take some of the skill
time we need to take some of the skill
time we need to take some of the skill sets that kids already learn so think
sets that kids already learn so think
sets that kids already learn so think about something like compare and
about something like compare and
about something like compare and contrast or sorting for that matter
contrast or sorting for that matter
contrast or sorting for that matter kindergarten they’re starting to learn
kindergarten they’re starting to learn
kindergarten they’re starting to learn how to sort things and build patterns
how to sort things and build patterns
how to sort things and build patterns those are skills that are actually I use
those are skills that are actually I use
those are skills that are actually I use in the market every single day and in
in the market every single day and in
in the market every single day and in fact when I learned how to trade and I
fact when I learned how to trade and I
fact when I learned how to trade and I trade for a living a lot of the skills
trade for a living a lot of the skills
trade for a living a lot of the skills that I use aren’t actually financial
that I use aren’t actually financial
that I use aren’t actually financial skills they’re skills that I actually
skills they’re skills that I actually
skills they’re skills that I actually learned in other areas so we need to
learned in other areas so we need to
learned in other areas so we need to help students bridge the gap between
help students bridge the gap between
help students bridge the gap between information they’re already learning and
information they’re already learning and
information they’re already learning and tying that to conversations about money
tying that to conversations about money
tying that to conversations about money the other piece that I want to talk to
the other piece that I want to talk to
the other piece that I want to talk to you about is realistic expectations
you about is realistic expectations
you about is realistic expectations and again this is something that could
and again this is something that could
and again this is something that could be very appropriate for students and we
be very appropriate for students and we
be very appropriate for students and we talked about this with them when it
talked about this with them when it
talked about this with them when it comes to the market it’s not all or
comes to the market it’s not all or
comes to the market it’s not all or nothing so just for example here about a
nothing so just for example here about a
nothing so just for example here about a week ago I got an email from someone and
week ago I got an email from someone and
week ago I got an email from someone and he had $5,000 and he wanted to know how
he had $5,000 and he wanted to know how
he had $5,000 and he wanted to know how long he thought it would take to go from
long he thought it would take to go from
long he thought it would take to go from $5,000 to $10,000 and that’s the problem
$5,000 to $10,000 and that’s the problem
$5,000 to $10,000 and that’s the problem five thousand to ten thousand dollars
five thousand to ten thousand dollars
five thousand to ten thousand dollars that’s a hundred percent return that is
that’s a hundred percent return that is
that’s a hundred percent return that is doubling your money gosh if everybody
doubling your money gosh if everybody
doubling your money gosh if everybody could do that wouldn’t we all it’s all
could do that wouldn’t we all it’s all
could do that wouldn’t we all it’s all about our expectations it would be far
about our expectations it would be far
about our expectations it would be far more realistic for him to take his five
more realistic for him to take his five
more realistic for him to take his five thousand dollars trade with it enjoy
thousand dollars trade with it enjoy
thousand dollars trade with it enjoy that and take his family out for dinner
that and take his family out for dinner
that and take his family out for dinner once a month as opposed to trying to
once a month as opposed to trying to
once a month as opposed to trying to double his money there is nothing wrong
double his money there is nothing wrong
double his money there is nothing wrong with taking a small amount of money that
with taking a small amount of money that
with taking a small amount of money that you have and only just focusing on
you have and only just focusing on
you have and only just focusing on making some profits and then spending
making some profits and then spending
making some profits and then spending those profits on all the fun things that
those profits on all the fun things that
those profits on all the fun things that you love rather than trying to double
you love rather than trying to double
you love rather than trying to double your money it doesn’t have to be all or
your money it doesn’t have to be all or
your money it doesn’t have to be all or nothing and let me tell you I am NOT an
nothing and let me tell you I am NOT an
nothing and let me tell you I am NOT an ex institutional trader and by the way
ex institutional trader and by the way
ex institutional trader and by the way just because you are an ex institutional
just because you are an ex institutional
just because you are an ex institutional trader doesn’t mean that you actually
trader doesn’t mean that you actually
trader doesn’t mean that you actually know how to make money or that it’s
know how to make money or that it’s
know how to make money or that it’s appropriate for us as average people I
appropriate for us as average people I
appropriate for us as average people I also want you to know that I am NOT a
also want you to know that I am NOT a
also want you to know that I am NOT a certified financial planner I do not
certified financial planner I do not
certified financial planner I do not have an MBA nor do I have a business
have an MBA nor do I have a business
have an MBA nor do I have a business degree I am an average person and when
degree I am an average person and when
degree I am an average person and when it comes to making money I am no more
it comes to making money I am no more
it comes to making money I am no more capable at this than you are Home Depot
capable at this than you are Home Depot
capable at this than you are Home Depot brought do-it-yourself construction
brought do-it-yourself construction
brought do-it-yourself construction projects to the masses with the tagline
projects to the masses with the tagline
projects to the masses with the tagline we can show you how we need something
we can show you how we need something
we can show you how we need something like this for money making skills – for
like this for money making skills – for
like this for money making skills – for average people we need to start seeing
average people we need to start seeing
average people we need to start seeing depictions in media and entertainment
depictions in media and entertainment
depictions in media and entertainment that are actually more realistic and
that are actually more realistic and
that are actually more realistic and focused on what most of us can do with
focused on what most of us can do with
focused on what most of us can do with all of this we need to stop idealizing
all of this we need to stop idealizing
all of this we need to stop idealizing these very fantasized versions of
these very fantasized versions of
these very fantasized versions of trading in the market and realizing that
trading in the market and realizing that
trading in the market and realizing that this can be appropriate for all of us so
this can be appropriate for all of us so
this can be appropriate for all of us so there are three things that I really
there are three things that I really
there are three things that I really hope that you’ll walk away with today
hope that you’ll walk away with today
hope that you’ll walk away with today and now that I do know how to make money
and now that I do know how to make money
and now that I do know how to make money this is what I hope you will write down
this is what I hope you will write down
this is what I hope you will write down and you will continue to tell other
and you will continue to tell other
and you will continue to tell other people the first thing is that when it
people the first thing is that when it
people the first thing is that when it comes to making money there’s this
comes to making money there’s this
comes to making money there’s this language to it and there’s lots of
language to it and there’s lots of
language to it and there’s lots of complicated terms and one term is often
complicated terms and one term is often
complicated terms and one term is often used to define another term so no wonder
used to define another term so no wonder
used to define another term so no wonder it’s confusing for all of us because
it’s confusing for all of us because
it’s confusing for all of us because none of us are using plain English when
none of us are using plain English when
none of us are using plain English when we start talking about making money
we start talking about making money
we start talking about making money skills but particularly in the market so
skills but particularly in the market so
skills but particularly in the market so let’s start asking our financial
let’s start asking our financial
let’s start asking our financial planners all of the media outlets to
planners all of the media outlets to
planners all of the media outlets to start talking about all this in plain
start talking about all this in plain
start talking about all this in plain language so that we can actually
language so that we can actually
language so that we can actually understand and if you want to continue
understand and if you want to continue
understand and if you want to continue to invest with someone else that’s fine
to invest with someone else that’s fine
to invest with someone else that’s fine but maybe we’ll have some better
but maybe we’ll have some better
but maybe we’ll have some better questions to ask about the decisions
questions to ask about the decisions
questions to ask about the decisions that are being made and if you want to
that are being made and if you want to
that are being made and if you want to do that yourself it’s even better I also
do that yourself it’s even better I also
do that yourself it’s even better I also want you to know that the language
want you to know that the language
want you to know that the language shouldn’t be the barrier for you to do
shouldn’t be the barrier for you to do
shouldn’t be the barrier for you to do this you don’t need to know all of the
this you don’t need to know all of the
this you don’t need to know all of the words to know how to make money and vice
words to know how to make money and vice
words to know how to make money and vice versa
versa
versa you can make money without knowing all
you can make money without knowing all
you can make money without knowing all of the words in this industry the second
of the words in this industry the second
of the words in this industry the second piece is that when it comes to investing
piece is that when it comes to investing
piece is that when it comes to investing or trading or making money it doesn’t
or trading or making money it doesn’t
or trading or making money it doesn’t have to be a full-time job now I love
have to be a full-time job now I love
have to be a full-time job now I love this and I have to say I’ve done this
this and I have to say I’ve done this
this and I have to say I’ve done this part-time full-time and I started
part-time full-time and I started
part-time full-time and I started trading for days after my second baby
trading for days after my second baby
trading for days after my second baby was born you can do this as a hobby too
was born you can do this as a hobby too
was born you can do this as a hobby too the best part about trading and making
the best part about trading and making
the best part about trading and making money that’s more realistic is when you
money that’s more realistic is when you
money that’s more realistic is when you go to Starbucks and you order a latte
go to Starbucks and you order a latte
go to Starbucks and you order a latte and it’s free and you know why it’s free
and it’s free and you know why it’s free
and it’s free and you know why it’s free because I’m spending the profits that I
because I’m spending the profits that I
because I’m spending the profits that I made on a trade in Starbucks the stock
made on a trade in Starbucks the stock
made on a trade in Starbucks the stock about a week earlier that feeling is
about a week earlier that feeling is
about a week earlier that feeling is something everybody can feel if you have
something everybody can feel if you have
something everybody can feel if you have a little bit of money saved and you
a little bit of money saved and you
a little bit of money saved and you focus on spending it on your indulgences
focus on spending it on your indulgences
focus on spending it on your indulgences how does that change your perception
how does that change your perception
how does that change your perception about money the third thing that I want
about money the third thing that I want
about money the third thing that I want you to know when it comes to making
you to know when it comes to making
you to know when it comes to making money is that it’s a skill unfortunately
money is that it’s a skill unfortunately
money is that it’s a skill unfortunately there are a lot of people that come to
there are a lot of people that come to
there are a lot of people that come to the market and think that there are
the market and think that there are
the market and think that there are Olympic mountain bikers before they’re
Olympic mountain bikers before they’re
Olympic mountain bikers before they’re really ready to take the training wheels
really ready to take the training wheels
really ready to take the training wheels off so I want you to remember that when
off so I want you to remember that when
off so I want you to remember that when you first started to learn to ride a
you first started to learn to ride a
you first started to learn to ride a bike
bike
bike you probably
you probably
you probably we started with training wheels and you
we started with training wheels and you
we started with training wheels and you may have even fallen a couple times when
may have even fallen a couple times when
may have even fallen a couple times when you first took those off but you got up
you first took those off but you got up
you first took those off but you got up and now some of you might be Olympic
and now some of you might be Olympic
and now some of you might be Olympic mountain bikers but others might just
mountain bikers but others might just
mountain bikers but others might just enjoy a Sunday afternoon ride and the
enjoy a Sunday afternoon ride and the
enjoy a Sunday afternoon ride and the same experience can be true in the
same experience can be true in the
same experience can be true in the market just make sure that if you do
market just make sure that if you do
market just make sure that if you do fall down you can still get back up
fall down you can still get back up
fall down you can still get back up again because it does get to a place
again because it does get to a place
again because it does get to a place where it’s actually really fun to do I’d
where it’s actually really fun to do I’d
where it’s actually really fun to do I’d like everybody to think about Gordon
like everybody to think about Gordon
like everybody to think about Gordon Gekko what Gordon Gekko is risky but it
Gekko what Gordon Gekko is risky but it
Gekko what Gordon Gekko is risky but it doesn’t have to be that way and honestly
doesn’t have to be that way and honestly
doesn’t have to be that way and honestly not knowing about money making skills is
not knowing about money making skills is
not knowing about money making skills is risky too if we all ask more see more
risky too if we all ask more see more
risky too if we all ask more see more and hear more we can learn to make more
and hear more we can learn to make more
and hear more we can learn to make more and so this brings me back to the
and so this brings me back to the
and so this brings me back to the beginning of our conversation when I
beginning of our conversation when I
beginning of our conversation when I dropped my child off at school this
dropped my child off at school this
dropped my child off at school this morning as many of you have as well are
morning as many of you have as well are
morning as many of you have as well are they really learning the skills they
they really learning the skills they
they really learning the skills they need to be successful in life and have
need to be successful in life and have
need to be successful in life and have the skills that you learned about money
the skills that you learned about money
the skills that you learned about money helped you to get you where you want to
helped you to get you where you want to
helped you to get you where you want to go thank you
go thank you
go thank you [Applause]
”
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