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cards? Thanks for listening to the John and Heidi Show. Excited to visit
with a local author, Insue Falls Kevin Engber's and he's got his second book
that just came out, True Wealth, Financial Training for Every Stage of life.
First of all, Kevin, thanks for joining us. Oh, it's
pleasure. Thanks for having to be part of the part of the show.
And the thing is fun this is you've kind of made a living doing this
again. You're with Pinnacle Wealth. And how long have you been working in
the financial industry, sir? Oh wow, it's over thirty five years.
Doesn't feel that long, but yeah, I've been doing it since nineteen eighty
seven, and over that course of time, you've had a chance to see
a lot of things come and go, and a lot of things happen,
haven't you. I have, I have, And really it kind of comes
out of a personal experience. So I kind of got into the industry after
the farm crisis hit, and you know, I was I was going to
be in habit ashery. I was going to be a clothing person that I
felt that was my calling. And the farm crisis hit and all of a
sudden, farmers became in question. I had a clothing business in a small
town and interest rates went to sixteen percent, So I had the hard lessons
of life saying, don't borrow too much money. So I had to get
out of the clothing business. And at the time that was tough because I
always felt that's what I was supposed to be doing. And looking back,
I believe I'm a better financial plutner today because that left a wound on me,
that left a scar that goes kind of deep. So I appreciate the
struggles that financis can brain. And the thing that's nice about that is you
can relate to somebody sitting across the desk from you, and you can put
yourself in their shoes, and there's probably a lot of different people that are
on the other side of that desk, whether it's young people getting ready to
start a family, people who are maybe getting closer and they're going, hey,
that retirement thing that's going to be here sooner rather than later. As
you look at the book True Wealth Financial Training for every stage of life,
is it kind of designed for one specific category or kind of all of those
different categories. It's all of those different categories. So it really is it's
an extension of book one, which is really called Head North Finding Happiness through
True Wealth, and it was everything my mom and dad taught me about happiness
at a little resort in northern Minnesota that ironically was called Happiness. So it
doesn't even the resort everything for fifty years, every two weeks every year we'd
go find happiness. That was kind of our family family humor, but it
was you know, it's wealth is so much more than money and finances.
Certainly having having finances allows you and affords you to do more things than not
having them. I mean that makes sense because it's money is woven through everything.
So if money becomes the end focus. That's not what life's all about
either. I mean I have people who get to the end of life and
they have more assets on their balance sheet that they know what could do,
and then they go, Now, what I mean there has to be more
to life than this, right. I always know people, Look, if
you could close your eyes and visualize if you were financially confident, you were
physically fit, you're spiritually nourished, you're emotionally engaged, and you were surrounded
by deep, meaningful, loving relationships. Just life getting better than that.
I mean, who doesn't want that kind of it? Right? And that's
really the pinnacle of wealth that we call true wealth. Ironically, my dad
was a pastor and my mom and dad lived it. I tried to teach
it, but watching them live in it, and when my dad passed away
in twenty sixteen, that really kind of motivated me to say, you know,
this so much to what he has taught, and I'm trying to teach
that in the professional side of things. I need to write a book and
I just sat down and it just flowed it. It outlines the nine principles
of true wealth, which is basically be an example of the transformational power of
love. Number two, stick to your core values, be driven by your
purpose, be accountable through your goals. Cherish relationships, which is a big
part of it. Number six, value your health wisely, use your financial
resources, find ways to be compassionate with the world, and then be open
to wise counselors. So that was kind of that was kind of book one.
Now I tried to give more feet to get more boots behind that.
It's not really about my stock, should I my bombs. It's just there's
certain things that happen throughout life that are learning moments. And I see you've
actually broken this down into different life stages. Looks like there's several different six
different life stages. We're going to actually talk about that in a moment.
So I'm gonna have Kevin hold on just a minute, Kevin ang versus our
guest. Today's get a new book out called True Wealth. We're going to
chat more with him in a moment. Thanks for listening to the John and
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com. That's Genesis, goold ira dot com. Thank you for listening to
the John and Heidi Show on a Tuesday. Our guest today, Kevin anger
As. We were just chatting a moment ago, and we're going to continue
the conversation now. He's got a new book out called True Wealth. In
this book, you talk about different life stages. Let's go through those,
Kevin. We all go through different stages of life. And I really wrote
this book more one that parents can use to teach their children to raise a
smarter next generation. But I've also found, ironically, when I try to
teach my children something, I usually I'm learning something along the way myself.
Oh yeah, So I've broken out into different stages just so it makes it
easier, and usually we can relate to these so zero to tend I call
those of the repeaters, and mainly because they only learned by example, right.
I mean, we put training pants on our kids so they don't wet
them soil themselves. We put training wheels on their bikes. We do all
things to kind of try to train them. When it comes to money silent.
Unfortunately, they catch more than they're more ast caught and taught unfortunately,
and sometimes they're maybe seeing things that are not the best example. Oh,
absolutely absolutely, And sometimes it's it's by default. Sometimes it's and so to
be really intentional and it needs to be complicated. You know, it's given
them if you're going to give them an allowance. And I have some kind
of rules in there as well. Unfortunately, and I'm just as guilty of
this with with my kids. They're grown up now. So it isn't that
I have mastered this. It's how many times I really learned from mistakes and
setbacks. But you know, you give them maybe an allowance, and it's
not loading over them. You have to let them make mistakes with it as
well. And you may say, okay, here's four here's a dollar,
here's four quarters this, you should say this, you can spend this,
you should put away for something special, and this you should give to someone
else. So it's just teaching basic cons steps. And unfortunately, you know,
we're all kind of born with a default. And again with repeaters,
it's a lot of nurturing the nature. You know, from a very early
age, we're kind of taught by default when when we're when we're hungry or
what, we have a way of letting other people know that, right,
and some more loudly than others. And when it comes to finance is it's
the same way. Our default kicks in and uh, you know, we
get irritated and we can't have it. So it's it's trying to nurture that
nature about Hey, there's delayed gratification. We have several examples on how to
use that or teach that in the book. And then it becomes interesting is
right behind the repeaters come to challengers and that's eleven to twenty and I labeled
that just because they challenge in so many ways. But what I found really
interesting for challengers is one of the reasons they usually challenges they don't like inconsistency.
I mean, you know, as parents are when we say you can't
do this, and then they watch us spending a certain way and they go,
wait a minute, and that's where we start to get pushed back.
Plus, they got peer groups that are that are telling them. You know,
when I was a little kid, there was a pretty well known burger
franchise that says you deserve a break today. You know, we're kind of
taught that from from an early stage. So this is more setting parameters,
letting them learn how to budget, letting them, you know, take ownership
and some things. You know, buying a car, it's not just buying
a car for your teenage years, but it needs gas, it's got to
be ensured. So it's having them have some ownership. Do we move on
to the launchers, which is twenty one to thirty, and they're now trying
to implement what they've taught. And that's where both of my kids are right
now in that exact category. Yeah, and that's an interesting thing to If
you did the first two right, they typically will come back and say,
how do you do this again? What if I did the first two completely
wrong? That's where I'm at. Well, then there's gonna be some initial
discussions that have to take place. But sometimes you've got to let them not
sure all that you have to let them learn. But hopefully if you had
good dialogue with them as they were growing up and it wasn't a combative period,
hopefully they circle back to at this point and say, I'm trying to
any some health not rather than you are all wet. I'm going to do
it my way, and you may still get some of that, but that's
a learning period. The funny thing to me is, and I think this
is kind of by divine design, but interestingly enough, about the time they
think they've got all the answers, all of a sudden, if they if
they have a partner at this stage, they may have a repeater coming into
their life, and now they have to not only manage their own resources,
that start to teaching them as well. So it's a great period. The
next stage is the one that's kind of was challenging, and that's those thirty
one to forty five. We call those the jugglers, just as it describes,
you know there you may have one in child and in grade school,
maybe one in high school. You're further into your career and you've you've got
more challenges there. You're just trying to keep all the balls in the air.
And that was a tough time, both from a relationship standpoint as well.
I can remember my wife and myself. We would we kind of met
in the doorway, you know, she would be picking up one from choir
practice and basketball practice, and I'd be taking another one somewhere else. We'd
meet at the game, fallen bed at night and get up and risk and
repeat. Right. It was just you had all these things going on,
and that's a you're just trying to hold it together. Yeah. I can
certainly relate to that. Yeah, yeah. And then and then we move
on to the builder stage, which is forty six to fifty nine. That's
where you might be empty nesters, but you know, and now you could
have the college years. And again, I think those discussions should have already
been happening, but unfortunately life comes at us so fast, all of a
sudden. You got somebody to go into college, and kids. We want
to do everything for our kids, you know. But I always find this
one kind of interesting. I'll tell people, look, when you when you
help them pick out their first car, did you go to a car lot,
your favorite one, find a salesperson and say, here's my child.
Whatever they want, you know, get it to them yeah, whatever,
No, we get with colleges. We do that all the time. The
kids says, well, I'd like to go here because I hear the experiences
there. We haven't planned for it, we don't prepare for it, and
then we get in the middle of it's like, well I got to borrow
it. We haven't, you know, we don't. We do that with
our college planning was saying well, wherever you want to go, we'll help
you get there, and we want the best for them. But sometimes we
should have done better planning to be better prepared for that. And if we're
not careful, we're supposed to wear our peak journeys years here from forty six
to nine. If we're not careful, we take on a lot more debt,
which makes the life process a little bit more confusing, a lot of
things to unpack at each stage. So do we move on to the Reaper's
age, which is basically sixty to seventy five, and that's that period where
as it explains, you're trying to want to get out of what I'm doing
right, I want to move on to something different. And then finally we
end up with the legacy leaders. So we certainly don't have every answer,
and it's not we just want to give a high level at each area,
but we're trying to get them prepared for really what why building wealth or how
you do that? And we start that with some interesting questions. So what
we find is people kind of fall on one or two categories. Either they're
looking at wealth as personal prosperity, which has a subset of I don't have
it and I want it, or I have it, but I want more,
versus a group that's really looking more for a personal responsibility. I don't
want to be a burden of my family or society in general. I want
to use my resources to make the positive difference in others lives, or I
want to listen to burdens for others. And that's the group that really falls
more into true wealth. Speaking at both sides, we can help both sides,
but the one that's prosperity chasers they never really arrived because they always want
more. Yeah. I remember reading a quote from one of the wealthiest people
in the world and they said how much is enough? And he said just
a little more, and I said, what a weird way to live your
life. Well, Kevin, thank you so much for taking some time to
chat with us today, and thank you for putting this in a book and
making it a lot easier for people to maybe take a little bite at a
time and digest through. If I would like to find the book, True
Wealth Financial Training for Every Stage of life, I know it just came out
last Thursday. Can I buy this locally or do I just get it online?
Where's the best way to go about getting a copy of this? Absolutely?
Currently it's available on Amazon, but we're also going to be releasing it
to the bookstores as well, But initially, at this point it is available
on Amazon for download. You can send me an email at info at Clinical
Wealth. We can get you a hard copy here, love to autograph it
for you. And there is a workbook that could go with this that really
helps you dive in deeper to find clarity, establish your values and all those
things as well. So it's kind of designed to be a teaching tool and
we hope it can make it meaningful different people lives. Well, I'm going
to throw a link to make it easy to find. Kevin, thank you
again for your time today, sir, my pleasure, thank you for having
me on the show. Absolutely again, the book is called true wealth financial
training for every stage of life. I'll throw a link to it on our
Facebook page, Facebook dot com slash Sunny Radio and Facebook dot com slash Sue
Falls News. How much do you pay for your cell phone every month?
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at mintervention dot com. This day in Soux Falls History is brought to you
by the Sioux Falls Fun Page, West Sioux Studios and Sunny ninety three point
three. It was on this date, September twenty sixth, nineteen forty nine,
a self proclaimed holy man, Krishna Venta, arrives in Sioux Falls to
evaluate just how holy our city is, though no one was all too sure
of his credentials to make such a determination. Krishna was met with curiosity as
a sort of a side show to the hustle and bustle of a booming post
World War two Sioux Falls. His first stop was at the local police station,
where he voluntarily sat for questioning. He made it a point to assure
the lead detective present that he would not let the fact that he had been
questioned by the police sour his score or soous Fall's righteousness. Of course,
we were all relieved to hear that once the police were satisfied, he wasn't
here to stir up any trouble. Krishna Venta was unleashed on the public.
Born Francis Panovic in San Francisco in nineteen eleven, Krishna had grown up fairly
normal, having even served a short time in the US Army in nineteen forty
five, but there were a few spots on his record for petty criminal activity
in the nineteen thirties. Nothing too serious, though, However. In nineteen
forty six, reports show that he began claiming that he was thousands of years
old and that he spoke as the voice of God. He wore a long,
loose fitting, bright colored robe, he walked barefoot, and called his
following the Fountain of the World. Unfortunately, no official word was ever given
of sous Fall's righteousness score. However, Krishna was jailed in the nineteen fifties
for failing to pay child support. He was spotted gambling in Las Vegas on
more than one occasion, and eventually assassinated by two disgruntled followers who claimed he
had embezzled their money and seduced their wives. This day in sous Fall's history
has been brought to you by the sous Fall's Fund Page, West Sue Studios,
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