"Our organization is there to establish that foundation in financial literacy to give you a springboard because the earlier you start, managing your finances well, the the easier it is to get to that millionaire status."  -   Elroy Tatem

Bienvenidos al podcast Mindshift Power, un programa para adolescentes y los adultos que trabajan con ellos, donde tenemos conversaciones sinceras y sinceras. Soy su anfitriona, Fátima Bey, la experta en cambio de mentalidad. Bienvenidos. En el episodio de hoy, hablaremos sobre la mentalidad financiera. Nos acompañan Angela y Elroy Tatum de You Inc., de Schenectady, Nueva York.

Y se dedican a ayudar a los adolescentes a hacerse millonarios. Me encanta. Bueno, Angela y Elroy, ¿cómo están hoy? Nos va muy bien. Genial.

Good. Good. So tell us about You, Inc. What is that, and how did you get it started? Yes.

Gracias. Gracias por la oportunidad de estar aquí. So You, Inc. Wealth Education Services es un servicio educativo. Por lo tanto, no vendemos nada más que educación.

So we're helping young people. We're helping teens. We're helping children, adults, really anyone. But our focus is definitely on younger people, helping them to achieve their life goals. And no matter what your life goal is, money helps you to achieve it.

And so Yeah. Yeah. So we're introducing the concept of financial independence, and we're helping people get that by working backwards. So we're setting them up to learn, the habits and the disciplines in order to achieve financial success because a lot of it is your daily habits. It's your mindset towards money, and it's something that really everyone can achieve if they have, of course, you know, the desire to do it, the mindset, and most importantly, the skills.

So we think that, money is a skill that everyone can learn, and so we're helping those students, develop those skills. So we're giving them very practical information on how to become millionaire millionaires. So we're introducing the roadmap. Yeah. And, you know, re really, there's a lot that's not taught in schools.

Right? You Mhmm. I remember in high school, you know, you learn all of the academics. You learn, you know, the math, the reading, and critical thinking, all that stuff. But, you know, once you're done with that, you're going out into the real world, and there's nothing in that curriculum about how to, you know, how to balance a checkbook or how to manage money if you have a job.

Right? A lot of our teens, you know, you have a after school job or you have some allowance or some you know, you're getting some income. And then once you're done with high school, right, yeah, that's it. You know, you're paying taxes. You're doing all this stuff.

And so, you know, our our organization is there to establish that foundation in financial literacy to give you a springboard because the earlier you start, managing your finances well, the the easier it is to get to that millionaire status. Right? And so, you know, we we wanna teach people those foundational concepts now, while they're still young. And a lot of a lot of young people don't have, you know, that that rich uncle or the, you know, a person to really show them the ropes on how to manage finances, in a meaningful way. And so we're providing that, you know, we're we're providing that, which it's it's actually a service if you are if you're fortunate enough to have someone in your life.

Right? It's it's a it's like a it's a blessing for you if you have someone like that in your life to teach you about finances. But a lot of students don't have that, and so we fill in that that gap. So how did you guys get started? We got started, I used to work at Union College.

I was the director of community outreach, and so one, year, one of the professors at Union, she emailed me and she said, Hey, we've got a lot of summer research students on campus, and she said, They have a lot of extra time, So, can you help get them engaged with the community? So, I organized a volunteer fair, for Union College students over the summer, and I reached out to five different not for profits. And I invited them to come in to the campus center, you know, speak to the students about volunteer opportunities. And, I met a woman there and she was, a black woman. She was representing, one of the not for profits, and we just clicked.

And, she was just sharing with me, she's a very transparent person, and she was just asking me questions, and I was asking her questions, and one thing that I learned about her really quickly was that basically she was living her life with, intention, and she was making things happen. She was living the life that she wanted. She was very passionate about the organization where she volunteered. She was very passionate about different things and she had the time and the resources to put towards those things that she was passionate about. So she was actually not working a regular nine to five job.

She was basically a full time volunteer and I was really intrigued because one of the questions, you know, that you ask somebody when you first meet them is what do you do? And she was telling me, she's like, well, I volunteer here. I volunteer here. I volunteer here. And I was like, Wow, that's a lot of volunteer work.

And I was like, But where do you work? And she told me, basically her and her husband were financially independent. And I was like, Wow. I, you know, I guessed what the word meant, but I had never heard anyone tell me that they were financially independent ever. And I was like, Wow, that's awesome, and she was really passionate about, sharing the information.

And I think she saw me, you know, I'm a little bit younger than her and her husband, so and they do not have any children, and I think they were really looking to share the knowledge with someone who would really, like, take hold of it and pass it on. So she invited us to to her house to meet her husband and say, like, we're gonna give you guys, some a foundation in how to reach your life goals, and live the life that you want to live, if you guys did not have any debt and, you know, if you had a a handle on your finances. So I go home. I tell my husband. I said, oh, I met this woman.

You know, I love everything about her. Like, she's very you know, her life seems very attractive. And, you know, when you meet someone who is living a life that looks pretty attractive, you wanna get to know them. You know, you wanna learn from them. And she gave us the invitation to to learn from her and her husband.

So I go home, I tell Elroy, and there's, you know, the phrase things get lost in translation. So I'm telling Elroy, and he's thinking like, this kinda sounds like maybe it's a scam. Yeah. So I was not having it. I I said, you know, it sounded just like every other, you know, MLM, multilevel marketing thing.

You know? And I was just like, yeah. No. They're gonna have us come to their house and do a presentation for us. And then they're going to ask us to buy something or to get involved in.

And I was like, yeah, no, thanks. Yeah. So I kind of just, I was like, you know what? Maybe I misheard her and maybe she is trying to sell us something. So I did not follow-up with her.

I I think it was, like, a year later. I ran into her at one of the places where she volunteers. I was donating clothes, and I saw her. And then, of course, I felt guilty. And I was like, oh, this nice woman that I met, you know, I basically never followed up with her.

And she was very kind and, you know, she didn't make me feel guilty or anything. She was like, no. She's like, if you want to, it's fine. The invitation is always open, but, you know, don't feel pressured. But when I ran into her again, I was like, no, no, no.

I really do want to get to know her. My my first sense was correct that she is a person we should get to know. So we decided that we were gonna go and meet with her and her husband. So we had dinner at their house, and they really gave us a crash course in financial independence and how to basically achieve millionaire status. So they I think we we went over there for dinner, and and we were thinking like, oh, you know, maybe we'll be there for two hours.

Probablemente estuvimos en su casa, no sé. Sí. Estuvimos como cinco o seis horas. Nos fuimos. Así.

You know, and in the beginning, you know, I was I was fighting this thing, like, the whole way. You know? We were sitting in their driveway, and I was trying to coach Angela. You know? Don't say yes to anything.

Make sure, you know, if they ask you questions, say, you know, we'll we'll get back to you or something. But, yeah, you know, they they became like the, you know, the rich uncle and and aunt who would say, hey. Are you investing in your four zero one k? Are you doing these things? You know?

And, you know, we got so excited because we had never even heard about any of this stuff before. Right? We hear these phrases. I want my money to work for me. You know, I want to, you know, I wanna be wealthy.

Right? But a lot of people, especially in poor communities, they hear those phrases and they want them, but don't even they they don't know what they mean, and they don't know how to get there. So, you know, these people, they actually showed us and walked us through these steps. And then, me seeing, a lot of my, colleagues and classmates who I graduated with also being in debt and, you know, coming from the same types of neighborhoods that I came up in, you know, growing up without money, in poverty. And then, you know, getting an education because education is one of those keys to, escaping poverty.

Mhmm. And so I get you know, we get to this point where we have this income, but we're still struggling. And then we meet these people, and they're like, oh, you're supposed to you know? Yes. The the income is one thing, but do x, y, z, a, b, c, and and it it just clicked.

Right? And then so we started to teach that to other students. So Angela was working at Union College, and we had an opportunity to teach college students. And then then we just realized the demand is like because it's not taught anywhere. Right?

It's not taught in elementary, middle, high school, anywhere. And so, you know, we started reaching out really to the young people because we felt like, you know, if you learn this when you're young, the younger you learn it, the easier it is to build wealth and when you understand it. Can I back up for a second? I wanna point something out to the audience. What I heard out of that story, and and I asked you that story intentionally because I wanted them to hear how you came about starting You Inc.

What I hear is that someone offered to help you with information and teach you what you need to know, but you rejected it. And it was only once you accepted the help that was offered that things begin to open up for you. Yes. Exactly. There's that common there's a common phrase, you know, you don't know what you don't know.

Right? And then especially in in communities where there is lack, where there's limited funds, you know, it there's always seems like there's someone trying to scam you around the corner. Right? And and trying to get, you know, take the little bit that you do have with some scheme. Right?

Y, sabes, aunque pertenecía a una familia de clase media, aún tenía esos problemas de desconfianza, porque, al venir de ese entorno, intentas protegerte. Pero al mismo tiempo, puedes estar perdiendo información valiosa. A eso me refiero. A veces, cuando crecimos en la pobreza, y yo también, existe una mentalidad que suele prevalecer. No importa si eres negro, blanco, chino, lo que sea.

When you your a poor mentality does not have a race, does not have a look. It's a it's a poverty mentality rather. It's a it's a mentality. Absolutely. And when you think that way, poor people stay poor primarily because they still think poor.

Yes. That's something that I I say things like that all the time. But I I really thought it was important that people know that, you know, you this you, Inc, came about because you finally decided to take advantage of what was in front of you. And if you're a teenager listening right now, there's stuff in front of you that you're just kinda sloughing off as corny and for them or everybody else. Take advantage of what's in front of you.

Exactly. Exactly. And just to your point, when we do our program, we always start off like, our first class is called wealthy mindset. And you know more than anyone, you know, mindset is is key. You can't move forward with anything until you are in the right mindset.

So a lot of times people will ask us to do a class or a workshop and they'll give us a specific, topic. They'll say, oh, can you do something on credit or investing or debt or budgeting or saving? And all of those things are great and we are going to talk about them eventually, but we'll tell them we need to start with mindset first because if they don't have a wealthy mindset, nothing else is going to stick. So we're not just wanting people to attain, you know, a certain net worth or financial status or millionaire status, but we want them to sustain it as well. So it's not just attaining the wealth, but also sustaining it, for your lifetime and for the generations coming after you.

¿Podrías darnos un ejemplo de la diferencia entre una mentalidad de riqueza, una mentalidad que permite ganar y hacer crecer su dinero, y una mentalidad que simplemente se mantiene a flote? Sí. Una de las maneras más fáciles y sencillas de diferenciar ambas mentalidades es... Primero, hablamos del patrimonio neto y tenemos que explicar qué es. ¿Verdad? Existe una brecha de riqueza.

Right? And we we sometimes people think about that, and they say, oh, it's like the growing gap between the wealthy and the poor. But when I ask people what wealth is, right, you get different answers. And some people will say it's related to my income. It's related to, Credit score.

Credit score, my bills being paid. And so first, we establish what net worth is. Right? And then the the wealthy person, they think all of their all of their decisions, financial decisions, their life decisions, they consider how does this decision impact my net worth. Right?

If I'm gonna buy a car, I ask how much does that car cost, and how is that car going to impact my wealth, right, later on? Right? If I'm poor, I'm just thinking, how much money do I need to put down, and how much money do I need to pay a month, and can I afford that monthly payment? And how much weed can I buy? Hey.

That's a real thought we're talking about to you. Listen. Listen. It's and even things like this, you know, you know, weed, cigarettes, you know, those are things that, oh, that that, you know, we think about in terms of how is it impacting my wealth moving forward. Mhmm.

You know, even, you know, you know, cigarettes, when you you think about how much they cost, it actually impacts how much you smoke. Right? If you're a smoker, you will smoke less if you are thinking about your wealth. Right? Like, the like, this is you know, these are are real things.

And so that that's what I'm saying. The the wealthy person and this is what we teach when we talk about the wealthy mindset is all of my decisions, how do they impact my wealth? And not only my wealth, but, you know, when we're talking about weed and cigarettes, we're talking about your health as well. How much you can you enjoy the wealth? You know, if if it's gonna take you twenty years and you're thinking about your future self.

Right? If I'm in high school, right, I'm, you know, 16, 17, 18, and then suddenly I start thinking about what kind of options I wanna give the 28 year old version of myself or the 35 year old version of myself. Right? What could what are the things that I can do now so that that person is thanking me? Right?

The 16 year old version of me where you, you know, you're thinking, oh, I'm so glad I took that course when I was in high school, and I opened up that bank account. And I started saving, and I started saving money from my job, and I started this IRA when I was, you know, 18. Right? And you can look back and think, I have options now because of that person. You know?

Claro, ahora eres tú, ¿verdad? El tú de 16 años. Pero gracias a ti, esa persona del futuro tendrá todas estas opciones, estará más sana, tendrá más dinero, ya sabes, tendrá una mejor trayectoria vital gracias a algunas cosas que hiciste al principio. ¿Verdad?

It's much harder if a if that person now is is 20 and they're starting. Right? Or they're 30 and they're trying to start. Right? And so that you know, that's the key.

That's the key. The the the key difference there with, you know, the the wealthy mindset versus what we come out with with our baggage. Everyone has a different money story and a way that they relate with money. You know, that some their parents didn't talk about it or they, you know, there was constant contention behind it. We only did a budget when we were broke.

Sabes, mi mamá siempre decía que teníamos un presupuesto limitado, pero era solo porque no teníamos dinero. ¿Verdad? Claro. Y entonces hay todas estas cosas con las que crecemos porque no están reguladas en las escuelas. ¿Verdad?

We in school, you always learn one plus one. You learn American history. You learn global history, and you learn it in a very specific way. You know, it's a different story. But it's a very standardized approach to learning.

En cuanto al dinero, cada uno lo aprende de forma diferente: de sus padres, de sus amigos... Sí. Y lo que sea. Así que cuando entramos, simplemente decimos: "Oye, así es como la gente rica administra su dinero". ¿De acuerdo?

We need to start to take our behaviors and start to think, mold our mindset. Of course, bringing your cultural values and things, but we need to start molding things in a way where we're thinking about our net worth now because that's the wealthy mindset. Yep. Everything we ignore, will take over us. And if you ignore money, your the lack of it will take over us take over you.

Let me ask you this. So in a lot of songs and a lot of things that our our youth are looking at, and not just our youth, the generations before them, this was true too. A lot of songs and other cultural things teach us go get money, go get you, or get paid, get bank, go get money, go get money. Is that a wealthy mindset? That's a great question.

Sí. Diría que una mentalidad de riqueza es, sin duda, ganar dinero, pero también ¿por qué? Así que siempre nos preguntamos: ¿cuál es el porqué del dinero? Quieres ser millonario, pero ¿por qué? ¿Qué vas a hacer con tu patrimonio neto de más de un millón de dólares?

Así que, cuando trabajamos con la mentalidad de los ricos, preguntamos a la gente: si no tuvieran deudas, si tuvieran un millón de dólares en el banco, ¿qué harían? ¿Cómo sería su vida diferente? Y la gente, especialmente los jóvenes, dan algunas de las mejores respuestas. Por ejemplo, hemos escuchado a adolescentes decir: «Le compraría una casa a mi madre». «Fundaría una organización que ayude a jóvenes sin hogar».

I would do and they have all these very, altruistic reasons for doing it and so we remind them, keep that in like write it down, put it somewhere where you can see so you remember your why. And so there's nothing wrong with wanting to get money. So we tell people, you know, don't make anyone don't feel bad if anyone says, you know, money isn't everything. Money opens doors that cannot be open otherwise. And so money is very important.

We do live in a capitalistic society, so you do need to have money. And if you want to make those big changes, you need wealth or you need to know somebody who's going to give you some of their wealth or open doors for you. So definitely having a lot of money or wanting a lot of money, there's nothing wrong with that. And even if your reason is not because you wanna help people or animals, you know, I mean, to be truthful, you know, and also some students might say, you know, I want to live in a certain neighborhood, or I want to do this. I wanna go on a trip.

I want and they it might be seen as more selfish, but, hey. We're human, and and it doesn't really matter what your reason is because it's your reason. So we're not here to judge your reason, but that's what's going to keep you going. So we just always wanna remind people, remember the why. So when things get hard and things are going to get hard because when you're, when you're on the journey to financial independence, you can't do everything.

Es decir, no puedes decir que sí a todo porque entonces no te quedará dinero para invertir o salir de deudas. Así que tienes que aprender a vivir por debajo de tus posibilidades, y si vives por debajo de tus posibilidades, tendrás que decir que no a algunas de las cosas a las que quieres decir que no, pero como dijo Elroy, recuerda tu yo futuro porque lo que deseas ahora, estarás en una posición real para lograrlo, si continúas en este camino. Así que le decimos a la gente que es un viaje, ya sabes, no es algo para hacerse rico rápidamente, ya sabes, es un estilo de vida, pero es factible. Así que creo que una de las cosas por las que hacemos esto es porque queremos que la gente entienda que es posible, porque a veces la gente piensa que nadie en mi comunidad o nadie que se parezca a mí, nadie en mi familia ha logrado ese tipo de éxito financiero. Y entonces decimos, oye, que empiece por ti.

You know, you can be the catalyst. You can change your family tree. You know, you don't have to come from wealth, but wealth can come from you. And so Well, can you say that again? Yes.

Sí. Así es. No tienes que venir de una familia adinerada, pero una familia adinerada puede venir de ti. Me encanta. Me encanta.

Sí. Y probablemente no fui... Sé que no fui la primera persona en decir eso, pero lo he escuchado y se me quedó grabado. Te lo tomas en serio. Sí. Sí.

Yeah. And then the other thing too, like, is going back to, you know, celeb celebrities and pop culture is, you know, oftentimes, we we see you know, what they portray is not actually a wealthy lifestyle. What they're portraying is about it. It's excessive it's a lifestyle of excessive consumption. It's a consumer lifestyle, but it's an extreme consumer lifestyle.

And this is one of the things that we we teach to to young people is that is that every, you know, every if you talk looking at the, the socioeconomic ladder, you know, poor, middle class, upper class, whatever. Because we live in a capitalistic society, there is always going to be an organization, a business that is aiming for your dollars. If you're if you're poor, there are businesses that will exploit the poor for their money, and they will keep you poor. If you're middle class, there are companies that will exploit your middle class income. They're targeted towards your middle class income and demographic to get your money.

If you're rich, it they're the same thing. And so what we actually see in a lot of the pop culture and, you know, and music and and, entertainment is it's they're they're falling, I would say falling it looks like you're you're falling victim to a consumer lifestyle. Alright? And a consumption based lifestyle. And, you know, that's something that that we, you know, we we look at that out from the outside looking in, and we subconsciously, you know, we we put that on ourselves.

You know, we start to say, okay. I made a little bit of extra money so I can buy more stuff. Right? I can look the part. And that translates to so as a as a teenager, right, maybe it's buying that little one tier up, you know, pair of sneakers.

You know? It's it's going from, you know, the the the Jordans to the Yeezys or the the Air Force ones or whatever it is. Right? But it translates in in adult life, you know, to okay. I used to drive a Civic, and now I'm driving a Lexus.

Right? And when you get to even higher incomes, it's, well, now I can instead of having one house, I have a vacation house. Right? And so every step of socioeconomic, you know, level, there's something that's going to keep you at that level if you succumb to the sales and marketing of, you know, of, those retailers, of those suppliers and businesses. So but what we don't see in pop culture is we don't see the entrepreneurial aspect.

The businessman, you know, we see you know, I I always use 50¢ because he's got a broad, swath of, pop culture, as as far as, like, ages. But, you know, we see him, you know, partying, and he's he portrays this lifestyle, right, of being this, you know, he's excessive consumption. Right? Go to the club and big spender. Yep.

But he is a businessman, and that's the part that I I don't I don't like that that part is not pushed to the forefront. You know? We don't have a documentary of of, you know, fifty Cent and his business dealings or or Jay z and his business dealings. You know? We just see you know, we see the rapper, and we see the consumption and the lifestyle, and we wanna emulate that.

Right? Vision is key. Like, what Angela was saying, you know, that that vision, when you put it into somebody's mind that they can do a thing, they're they're more likely to do it. Right? Even, like, for us, I had no idea.

We had no idea about, you know, building wealth. We just were working and paying bills. And then it it was finally we saw somebody who was doing it in real life. Right? And suddenly it became possible to get rid of $80,000 worth of debt and be debt free and pay off your house and do all this stuff just because somebody said, hey, you can do that.

Right? And and that's all you know, in addition to the the knowledge that we teach, you know, in our classes, that representation is is also key because we have so many people in our classes. You know, we're teaching and teaching the and somebody will raise their hand and say, did you really pay off your house? And it's like, yep. And it puts it you know, it creates a seed.

Right? Wow. I can do this. Right? And so that's what I I would love to see in our pop culture, you know, even our athletes, to see them making you know, putting it out there that they're making investments, and this is what they're doing, and and this is how we're managing and maintaining our wealth.

Because you have, you know, athletes on both sides of the scale. You have ones who completely squander everything, and, you know, they finish their their tenure in MBA, and they're working retail afterwards. Yep. And then you have the ones who make a a sustainable business. Their life becomes a sustainable business, and they brand themselves, and they get on, you know, different things.

And they're there's an entrepreneurial aspect to it where they're they're building wealth instead of just squandering it. And that's what I'd like to see because it's there, but we just don't see it. Now I've heard a lot about, we've talked a lot about wealth. You guys have a lot to say, and I wish we had another, like, sixteen hours to go over the rest. But because it would take that long.

These as you guys can hear, these these two have a wealth of knowledge. Just they have so much to say and could talk to them for hours, honestly. So if you could tell the audience a little bit about, you go to you go to schools, and what kind of workshops do you offer, and how can they find you? Yeah. Thank you.

So we partner we we contract with schools, colleges, any organization that wants to invest in their students, employees, constituents. So we have an eight week session that basically walks you through the steps to becoming a millionaire. So we're talking, first, you know, like we said, wealthy mindset. We're learning how to do a conscious spending plan, basically, a values based budget. We're they're learning how to to save, what to save, how to save.

We're really focused on practical steps. So sometimes people will attend a seminar, and they'll say, oh, you should do a budget. So we walk people, this is exactly how you should do a budget. So we have a template. We walk them through it.

Lo analizamos. Ven y es como un laboratorio. ¿Verdad? Tú vienes, nos sentamos contigo y elaboramos tu presupuesto. Te mostraremos exactamente cómo calcular tu patrimonio neto.

Right? You know, even though, you know, you're a high school student, you know, people usually they they talk about net worth in terms of being millionaires and billionaires or whatever, but it's like, no. You have to know your net worth and how to calculate it. And it's like, yes. You just have a small part time job right now, but we're showing you you know, we show you how you open a bank account.

You know, open up a bank account. Yeah. And this is how you calculate your net worth. You know, if you have even if you owe friends money or something, you know, we show assets liabilities. You owe a friend $20, that's a liability.

You can calculate your net worth. Right? And so we sit down. We do that. We sit down.

We have them put together a budget. You know? If you're getting a hundred dollars, a week or a hundred dollars a month or whatever it is, you know, how do we how are we gonna manage that? And we show them how to sit down and do it. We showed them how to save.

We showed them how to open a brokerage account so they can start investing. All of these are things that people don't learn until they're in their mid twenties and thirties and thirties. Or forties or fifties. Yeah. Yeah.

And we're showing you, you know, you're in high school, but, yes, you can invest in IBM or in in Microsoft, in Facebook, all that stuff, and it's not hard to do. Right? Yep. At eight 18. But even, you know, you can someone can open up a a custodial account for you.

It doesn't even have to be a parent. You know, it just as far as it's an adult, somebody can open up one for you. But, yeah, we we show you how to do all those things, so that you can hit the ground running. You know? And as soon as you have some income, you know, boom.

This is what I'm gonna do with that. Get my emergency savings. If If I have any debt, I'm gonna get rid of it. I'm gonna start investing. I'm putting money away.

Right? And you're doing that at, you know, in high school. Yeah. Right? So that's that's huge.

You know, that little that ten, fifteen year head start, you know, that can equate to hundreds of thousands of dollars or even millions of dollars, okay, as a you know, compared to someone who started later. Yeah. And in addition, we do workshops for parents. So, also adults, like, we have a workshop, a program base basically, it's called it's called How to Raise a Financially Savvy Child. And it gives really practical tips from, even if you're pregnant, there are things that you can do before your baby is even born to set them up for financial success in terms of accounts that you can open for them up into you have a young adult.

Maybe your young adult just started their first job. How to engage them in the process to make sure that they are investing in their $4.00 1 ks or four zero three b or a Roth IRA. Because sometimes as young adults, they think, oh, I did open it up. And then, you know, five years later, they look at it with, someone who has more financial knowledge and they see, oh, you opened up the account, but you actually didn't invest the money. And that's a common mistake we see.

Así que hay algo, en cada etapa de la vida de un niño, que puedes guiarlos en este camino: maneras de hablarles, maneras de conectar con ellos. Les damos pasos muy prácticos. ¿Van a darles una mesada? ¿Van a implementar otro sistema? ¿Cómo van a administrar el dinero sus hijos?

¿Cómo te verán como adulto administrando el dinero? Hay muchas cosas que los padres pueden hacer. Incluso si no tienes todo bajo control, puedes involucrar a tu hijo y ayudarlo. Y no importa si es adolescente o, como dije, incluso un adulto joven, puedes apoyarlo y enseñarle. También ofrecemos clases, porque la universidad es una opción muy real para mucha gente y vemos que muchas familias lo desperdician todo.

Es decir, pedirán préstamos y sacrificarán su jubilación para ayudar a sus hijos a alcanzar sus sueños universitarios. Por eso, tenemos un taller específico para padres, y queremos que los estudiantes también asistan. Hablamos sobre cómo solicitar ingreso a la universidad, cómo pagarla, y sobre cómo establecer expectativas y que sus hijos comprendan que una buena opción no solo significa si tienen la especialización que buscan o si cuentan con el apoyo que necesitan, sino también ser realistas financieramente. Hablamos sobre cómo tener esa conversación, y cuanto antes, mejor. Nos encanta realizar este taller con padres de niños pequeños. Incluso si tienen un hijo en primaria, creo que es el mejor momento para asistir, ya que realmente los están preparando para becas por mérito.

Like, there's a way like, there's two tracks. You're either going to try to get the most financial aid based on your high economic need or the most merit aid, which is basically high grades, talent, sports, SAT scores, things like that. But it's a strategy. And a lot of times people, they don't hear about this information until they're a junior or senior in high school. And a lot of times, I mean, you can still do some things, but it's much easier and you can get so much more scholarship money if you understand this from an early age.

Esto afecta el patrimonio neto de muchas personas, sus finanzas, y la universidad es una parte importante, una factura enorme. Este es otro programa importante que ofrecemos a las escuelas, distritos escolares y familias. Para quienes no viven en la región capitalina y les gustó lo que escucharon hoy y les encantaría que hablaran con sus estudiantes, ¿ofrecen sesiones virtuales? Sí. Por supuesto. Sí.

Trabajamos con una escuela en Arizona. Así que, cuando nos llamaron y nos dijeron que querían trabajar con ustedes, les dijimos que sí. Les dijimos: «Por favor, llévennos a Arizona». Ellos no lo hicieron, pero nosotros sí: ofrecemos clases virtuales. Así que sí, podemos trabajar con cualquier persona del mundo.

¿Y cuál es su sitio web? Es y0uincwealth.com. Es uincwealth.com. ¡Genial! Bueno, ha sido genial hablar con ustedes hoy, y espero de verdad que les haya cambiado la mentalidad.

Y realmente creo que a alguien que me escuchó, lo que dijeron hoy le conmovió profundamente. Y, como mínimo, es hermoso. Gracias por venir. Ha sido un placer hablar con ustedes. Gracias.

This was such a great conversation. Thank you for the work you're doing. And now for a mind shifting moment. Economics matter. The way you think about wealth and money matters.

You see, economics does not start in your wallet or bank account. It starts in your brain. It starts in your mind and how you think because how you think is why you're on your way to financial freedom or why you're still stuck. I wanna challenge you today to go online, find a millionaire or a billionaire. Listen to how they think.

Find an interview. Find information about them. Listen to how they think, and then compare it to your thinking. Thank you for listening to Mindshift Power podcast. Please like and subscribe to my YouTube channel at the mind shifter.

If you have any comments, topic suggestions, or would like to be a guest on the show, please visit fatimabay.com/podcast. Remember, there's power in shifting your thinking. Tune in for next week.