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Speaker 1: Welcome to another episode of the Chicks on the Right

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podcast where we talk to our friend and sponsor of

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the show, Zach Abraham from Bulwart Capital Management. Zach, it's

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been a while, it's been a hot minute, as they say,

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and we're coming back with a really, really interesting story.

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There was this Reddit post that went completely viral from

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this mom who has a twenty five year old daughter,

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and she was talking about how, you know, she helps

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her twenty five year old daughter with rent, with car payments,

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with emergencies, even and so I guess she made a

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joke to her daughter one day saying, you know, at

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some point you'll be taking care of me in my

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old age. And the daughter flipped out and was like,

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you should not expect that because I did not ask

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to be born. It's your responsibility to take care of me.

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And so now just because of that reaction, the mom

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is like, the hell, I I'm not going to continue

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to be like her atm machine if that's her attitude.

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So do you run into families that have these kinds

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of dynamics?

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Speaker 2: Oh yeah, And I would say it's increasingly common. And

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let me first say, and you guys are parents, so

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you know this anytime I enter one of these conversations,

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I do it with kind of this under undercover humility

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because it is so much harder than I thought I

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was going to be, you know, to do it right.

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The kids are so much more complex. There's so many things.

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Even if you're wise beyond your years and realize that

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it's going to be harder, you know, like if you're

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wise enough to be a young parent and listen to

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some experienced parents like that, that puts you ahead of

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the crowd. It also doesn't mean you're still not going

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to have those moments where you're like, oh my gosh,

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I am not good at this. I screwed this up.

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I hope I didn't screw it up to you know

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what I mean. Like, so, I don't want to anybody

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thinking I'm out there thinking I'm a perfect parent because

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we've and my kids are great. We've just had my

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daughter's fifteen. You know, we're just having some high you know,

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there's just my son.

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Speaker 3: I have one exactly that age, So I get it.

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Speaker 2: Yeah, right, it's yeah, there's just curve balls all the time, man,

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and anyway.

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Speaker 3: But don't you feel like you have to set expectations though,

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Like we did with our older kids. We were like, listen,

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here's when we're cutting you off. Like I love you,

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but like this is when it ends, Like the gravy

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train ends at this time, and they don't really get

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it until they get out and they're like, holy cow,

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like it's gonna end in this many like when they're

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in college, because we've had financial planners in the past,

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well we didn't actually hire them, and we may be

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terrible parents because we've actually had financial planners tell us

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don't pay for college. Don't pay for your kids college,

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and we're like, we're going to help them with college,

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and then after college they're done. And so but that's

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our that's our line, you know, like we say, we

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help you with college, well the best that we can,

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maybe not all of it, but the best that we can.

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We're going to help you with college, and then you're done,

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like that is a gift, and we try to make

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sure they understand that that is a gift. And then

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they're cut off, and we really do cut them off,

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you know, yeah, we do.

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Speaker 2: Look, you have to and there's something culturally that's gone

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on and it's systemic. I see it more often today

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than I ever have I and you know everybody's like, well,

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things are more expensive, and da da da.

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Speaker 1: Da and all.

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Speaker 2: There's all these reasons right when you without any requirement

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or any effort, if you alleviate someone's pain on a

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financial basis. Now, obviously this is said with the caveat

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of if you know somebody's in desperate need help. I'm

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not saying we don't help people, right, but I'm saying

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all too often everything in our culture has become about

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suppressing symptoms. Right, So, well, we we're gonna help you

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out with groceries because you're young, you're getting on your feet. Oh,

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we're gonna help you out this time, We're all we're

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gonna help you out that time. You're alleviating symptoms, you're

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not treating causes. Okay, if you have to keep helping out,

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there's a problem there, right. Maybe it's a lack of ambition,

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Maybe it's a lack of drive, Maybe it's a lack

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of work ethic. Maybe it's just you've enabled it. Right,

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Maybe it's that simple, you just need to stop. But

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bottom line is, and it's one of the things I believe,

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like in a welfare system, I believe in a social

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safety net. But that safety net needs to have some elasticity,

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meaning the point of the net should not just be

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to catch them, it should be to pop them back up. Right.

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We do not want to alleviate the pain of underachieving

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and making bad decisions, because if you alleviate the pain

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of underachievement, you will get more of it, right, Like

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it's one of the things that is, you know, don't

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take away the pain, like give somebody the ability to

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climb out of a hole. Don't take the pain of

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the hole away, right, because the pain of the hole

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is what got me up at five in the morning,

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working eighteen hour days, right, fear, Yes, And you should

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feel that heat, right, that heat that's good for you.

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And and I think all too often parents are trying

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to esthetize pain, some for even selfish reasons. They don't

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want to say no, they don't want to feel that.

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They don't want to see their kid driving a dump of.

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Speaker 3: A car, right, is your baby? Right?

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Speaker 2: Well, and that's the problem your baby anymore? Kick that

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kid out of the nest and make him fly, yeah,

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and and and and I look at him and go,

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do not rob your child. And I think that I

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think the better off you are financially, the easier that

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becomes to do. But don't rob your child of the

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experience that we all got, which was a because we

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weren't getting helped. We had to figure out what we

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were made of, right, right, And and I look back

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on those experiences now and those tough things, those tough times,

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I look back on them more fondly than the successes, totally, like.

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Speaker 1: Because you earn it right.

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Speaker 3: Pain. Yeah, it's like I tell my kids, don't do

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hard things and you'll have an easier life. Like, don't

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do easy things all the times, and you're gonna have

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a hard freaking line. Yeah.

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Speaker 2: Perfect example that this weekend we had our football game

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and we are We've got a really tough team and

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they're playing they were playing clean. They're just a bunch

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of really hard hitters, and we knocked the other team

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second quarterback out of the game. He was okay, but

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he couldn't play, and they ran out of kids, Like,

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so we couldn't finish the game, right, Well, our kids

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are like, oh, it's over, and there was six minutes

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left in the third quarter, and so basically we had

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half a game left. So we took them on the

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field after the game and we ran gassers right, and

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I told them, I go, boys, I'm not gonna rob

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you of a half a football, and I'm not going

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to have you not be as in good as shape

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as the next team we play because the game got

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cold earlier. And I was explaining them, if it doesn't hurt,

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and I say this to them all the time, if

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it doesn't hurt, you're not getting better, right. It's pain

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is not the thing that you should avoid. Pain is

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the price of progress, right, And so when you're alleviating pain,

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you're nullifying the need for progress.

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Speaker 3: Right.

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Speaker 1: I love that message. That is perfect. That's perfect. See,

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this is why we always want to talk to you

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about these kinds of issues exactly. And I know people

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can listen to you talking about these kinds of issues

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too on your own podcast. Where can people listen?

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Speaker 2: Yeah, they can't. And what's funny is we just actually

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talked about this. So I just did an hour and

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a half interview with my mentor, who's an x NFL

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player and now a very successful businessman in his own right.

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And he literally he coached me in high school and

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I reconnected with him in adulthood and we'd get together

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like once or twice a month, and he was with

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me step by step of building my company. And I

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basically spent an hour and a half telling his story

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and everything that he taught me, and not in a

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way to brag at all, and a way to share

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it with people and say, look, this is how my

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life changed following these principles. Give this a listen. It works.

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I'm proof you know. So anyway, Know your Risk Podcast

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is the name of it. He's a dynamic guy, dynamic speaker,

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easy to pay attention to. And what's his name, Yeah,

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Eric Bowles, Eric Bowles, he's Noway. He has several fortune

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five hundred company CEOs that he's coaching on leadership and

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you know, public speaking and all that kind of stuff,

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but basically specializes in coming into companies and making them

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more efficient through better leadership. Yeah, he's an incredible guy.

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But yeah, so all of that stuff. Know Your Risk

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Podcast You can find us on YouTube, on Twitter, all

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over the place is google, Bullward Capital Management, Know Your

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Risk Podcasts and we're not tough to find.

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Speaker 3: All right, thank you, Zach, all right, thank you, ladies.

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Speaker 2: Investment advisory services offered through Trek Financial loc and SEC

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Registered Investment Advisor. The opinions expressed in this programmer for

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general informational purposes only, and are not intended to provide

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specific advice or recommendations for any individual or on any

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specific security. Any references to performance of security so it

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thought to be materially accurate and actual performance may different.

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Investments involved risk and are not guaranteed. Past performance doesn't

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guarantee future results Trek twenty four to three zero eight