The Chris Voss Show - The Chris Voss Show Podcast – Financial Epiphany: Discover Your Ability to Multiply Money and Reimagine Your Financial Life by Scott Yamamura

Episode Date: February 8, 2025

Financial Epiphany: Discover Your Ability to Multiply Money and Reimagine Your Financial Life by Scott Yamamura Amazon.com Financialepiphany.com Do you understand your money-multiplying superpower? Most don’t. It’s time you did. You’ve likely got money concerns, including how to save it, where to invest it, and how to break free of the constraints of debt. These can be lifelong challenges. Traditional financial advice is impersonal—we place our money into the stock market, but then what? The key to success with money is to make it personal. It’s about you discovering your potential and ability to multiply it. It’s time to activate this financial superpower of yours to grow money, because now is the most powerful opportunity you’ll ever have to affect your financial life. In Financial Epiphany, Scott Yamamura walks you through how to experience a mental miracle with your money. If you have a decent income yet find yourself overspending, undersaving, or feeling overwhelmed by debt, this book is for you. Scott breaks down six common financial obstacles that hold people back, and he flips the script on how to reach financial freedom in a delightfully unconventional yet simple way. As a certified financial coach and communications professional, Scott uses his expertise in forming creative, effective messaging to cut through all the noise of the financial world to deliver this practical guide to understanding your money. In this book, you’ll learn how to: Through motivating lessons, awaken your “money-multiplying superpower,” and discover how it can turn even small investments into substantial rewards. Become empowered through three rules of thumb that tell you how much your money can grow simply based on your age. Eliminate debt through a novel approach that’s easy to follow, freeing you of financial fear, guilt, and regret. Experience a personal breakthrough with investing basics, and take confident action with your 401(k), Roth IRA, index funds, and more. Align your financial goals with your life’s purpose so that every dollar you save and invest has a deeper meaning. You have the ability to multiply money exponentially. Let’s unleash it.

You wanted the best. You've got the best podcast, the hottest podcast in the world. The Chris Voss Show, the preeminent podcast with guests so smart you may experience serious brain bleed. The CEOs, authors, thought leaders, visionaries, and motivators. Get ready. Get ready. Strap yourself in. Keep your hands, arms, and legs inside the vehicle at all times, because you're about to go on a monster education rollercoaster with your brain. Now, here's your host, Chris Voss. Hey, folks. It's Voss here from thechrisvossshow.com. Ladies and gentlemen, the Iron Lady sings, and that makes it official. Welcome to the Big Show.

For 16 years, going on 17 years, nearly 2,300 episodes, we bring in the Chris Voss Show. Some of the most smartest people, the greatest minds, the CEOs, the billionaires, the Pulitzer Prize winners, the people who change and infect the world. Infect the world? What the hell is going on over here? Influence the world with their ideas, their books, their writings, their lessons of life, their teachings, and they come to you and they deliver it in this beautiful little bowl. It's like one of those Chinese crystal bowls, you know, one of those expensive things that has been around

for 50 trillion years or something from the Ming Dynasty or something. And they deliver it in this beautiful Chris Voss show bowl. What the hell are we doing this for? And they serve it to you for free too opinions expressed by guests on the podcast are solely their own and do not necessarily reflect the opinions of the host or the chris voss show some guests of the show may be advertising on the podcast but it is not an endorsement or review of any kind so we have an amazing young man on the show today we're gonna be talking about his insights and how you can multiply money and wealth because who doesn't want to do that?

That sounds like a good thing. I do that. I always do that with my checking account. I always know that whatever money is in the bank account, I have more checks than money, so therefore I can keep writing checks. Anyway, guys, go to Goodreads.com, Fortune's Christmas, LinkedIn.com, Fortune's Christmas. I come up with this stuff right off the bat, and it still sucks. Anyway, we're going to be talking to this fine gentleman about his latest book that

just barely came out January 9th, 2025. It is called Financial Epiphany. Discover your ability to multiply money and reimagine your financial life. Scott Yamamura joins us on the show today. We're going to be talking to him about his insights, his experience, and reimagine your financial life. Scott Yamamura joins us on the show today. We're going to be talking to him about his insights, his experience, and how you can multiply your darn money. So you've got like $25 in your account right now. We're going to see if we can't take it to 75 or something. I don't know. I'm just joking. We're going to get into what he has to tell us. He is an expert in communication design with over 25 years of experience. He's the

manager of video communications at a Fortune 15 company. Scott combines his technical expertise with a passion for creating compelling visual content. His mission exceeds beyond the screen. He became a certified financial coach in order to help individuals rethink their money by experiencing financial epiphany. I like waking up to that every morning when I check my PayPal account. By breaking down the complexities of personal finance into simple, actionable steps, he empowers people to take control of their financial future, achieve their goals,

and ultimately find purpose in their journey of multiplying money. Welcome to the show, Scott. How are you? Appreciate it, Chris. Good to be here. This is wonderful to be able to talk about this message with you. Oh, I love the message you're sharing with people because last time I checked, people need some money these days. So, Scott, give us your dot coms. Where can people find you on the interwebs? Best place is financialepiphany.com. That's where it's at.

So give us a 30,000 overview of what's inside your new book. Is this multiplying money where I use the copier to make illegal counterfeit money? Is that how it works? No, I'm just kidding. Don't do that, folks. There's other ways. There's other ways, Chris. So the first is identifying the problem that we're trying to solve here, right? You're an entrepreneur. Others are entrepreneurs that are listening. First, we've got to identify the problem. The problem is many people are living paycheck to paycheck. Some would say up to 78%. 77% of us are in debt. It could be up to around $100,000

on average. There's the retirement crisis, the housing crisis, the student loan crisis. We are normalizing crises. They're just so normal for us. It's a constant state of crisis. I think people kind of feel that right now. Yeah. And one other thing, there's a financial literacy test held by FINRA, and 37% of Americans can get four out of five correct. 37% are able to get a decent score. So, I mean, many do not understand financial basics. So that's part of the problem we're trying to solve here. My mom, growing up, she said to me, Scott, talking about money is like talking about your underwear.

And what she meant by that was, hey, it's a private topic. Now we want to we don't want to go out there and boast about our bank accounts. But if we don't talk about money, it's a it's a taboo thing for some of these cultures or, or faiths or families that will say, you know, that's a no, no, we don't we don't talk about these things. It's private. But if we don't talk about it, we could potentially all be operating with money our whole lives in a suboptimal way alone. And I think we need to we need to talk about it. So that's, that's the issue. And what the book is about is it's telling every single individual out there that we have an ability to multiply money. Now money, we constantly think of in our culture as something that it's maybe it's something to

grow or accumulate, but it's a thing. And maybe I don't want to think about that thing. Or maybe it's, it's truly maybe not acceptable to be accumulating this thing, this money, you know, many of us are taught that maybe it's something you ignore later. When I make more money or I get a promotion, maybe I'll think about it later in life. But I flip that around in this book, Financial Epiphany, and I talk about how multiplying money

is an ability that we have. We each have this ability. Now, if we're trying to solve this problem of financial issues and illiteracy, and all these crises we're talking about, we really got to get another message out there. Because if 80% of Americans just aren't getting it, we need another option to hear about. So I talk about being an ability, but not just an ability, think about multiplying money, like being an athlete. When if you think about NFL football players,

you know, that's a prime around age 26. If you think about just other athletes, like ice Olympic ice skaters, for instance, you know, they're, they're in their, their primes around their, their early twenties. And for many, many sports, we're in our primes around our early twenties. And the same is true for multiplying money is that when we get that, that career started in our early twenties, typically, and when we have the ability to invest, and we combine those two, the early 20s is like being an athlete where we have this window of time to multiply that is like no other time in our lives. And it really is about about age. It's a it's a common thing to be told save early right now this book actually it it it says in a very understandable simple and creative way for the common everyday person this is what save early

means like it's going to break it down for you it the book is there to give every reader a financial epiphany the financial epiphany you know you mentioned the belief system i think your mother had a thing where talking about money is like talking about your underwear or something like that. That's right. You know, we all kind of have these scotomas or blind spots that I imagine when you say a financial epiphany, we have to wake up from. Because, you know, and most of them are good meaning. You know, our moms were, you know, putting up with us being rambunctious kids at the store. And my mom used to do a thing where we'd ask her for stuff,

and she'd say, I don't have enough money for this. And clearly she had money. She was writing a date. No, I'm just kidding. Call that joke. But we wanted to buy something. She goes, ah, we don't have enough money. And we're like, oh, geez, are we poor?

We can't afford stuff? And different skitomas like that that sometimes were well-meaning, and they were just trying to get us to quit being rambunctious kids. I can't blame them. But sometimes we hold on to and we internalize those things, right? And then so we have to have that awakening, that epiphany, as you put it, to go through. Tell us a little bit about your life. How did you grow up?

What influenced you? What kind of got you down these sort of pathways and brought you to writing the book? Yeah, thanks for asking. I would say it always starts in the family and the parents. I had very frugal parents. They did have a good income for the family and we were taken care of, but it wasn't for show. Just like my mom was saying, it was, hey, you just quietly go about your financial business. And I thought that was a wonderful upbringing. And my father would give me certain messages. Say, like when I started my corporate job,

he said, invest in your 401k, there's free money there. And it just stopped right there. So it was good advice, but I didn't understand anything beyond that. Okay, it's free money there. And it just stopped right there. So it was good advice, but I didn't understand anything beyond that. Okay. It's free money. Like how much free money, what's happening over time. You know, there's no, there's no understanding or calculation there. It's free money.

Now go into the world grasshopper and use that knowledge. I like how you said that. I like how you said that. I'm picturing that in my father's voice right now. I'm seeing like the, the bearded guy from Kill Bill, you know, with the beard. Okay. Yeah. Or Mr. Miyagi from Karate Kid. Whoever your favorite wiseman is, plug him in right now. But yeah, sensei, that's right. So I had that example and like not a lot explained to me. So I started out and let, I think this explains it for many of us, the word timidly. I started out timidly. I was doing the right thing,

but timidly, not with confidence, not with gusto, not with rigor. Like I'd like to see people do during their prime multiplying days. That's why I consider myself a coach to coach people to realize that power when they've got it, this window before it passes them. But yeah, more to your question then. I worked a corporate job for a while. Figure it out. You know, down the road, I'll study money. I'll figure it out later.

And that's most people. I'll tell you what, when middle age hits, there's new things that are coming for you that whether you like it or not, you might be taking care of your parents one day, you know, they call it the sandwich generation, one piece of bread is going to be am I financially taking care of my parents one day? And then there's am I going to be sending my kids to college one day? You know, and then there's, I think I'm going to want to retire one day. So all these things are, they're creeping on and we start to take them seriously. If not before middle age, hopefully before then, but it's, it's coming for you. And it's going to be a topic, you know, that are, are, are, we're set on right then and

there. If we don't decide any earlier, I decided to start to study money, study the basics, everything, you know, from emergency fund, getting rid of debt, saving for my kid's college, paying off the house, studied all these things, investing, got comfortable with it. I like to call finances and money a sheep dressed in wolf's clothing. So kind of a switcheroo on that where when you start to get to know it, most people think they're imposters to money oh i'm not supposed to understand that that's for that's for imposter syndrome that's for the financial people i never studied finances i'm not supposed to be good at this stuff i want to say that it's a sheep in wolf's clothing that we all can get over that barrier and once we do the empowerment

the confidence starts coming the aha moments start coming after that. So I did study it. And it was during that time, as I was reading books, going to workshops, and the doors opened, and I was no longer intimidated. A lot of people are intimidated, fearful about this topic in life. Once I got over that, I would say that I started writing in the margins of the books, and I started writing everywhere in the books. And then I started writing in the books, maybe more than the the books. And then I started writing in the books, maybe more than the author was. And then I thought to myself,

I think it's time to start writing my own book. Yeah. I had a, I had an idea that was being triggered again and again and again and again. I was just, I just need to get one more, one more voice out there because it's working for me and my family. This is really,

really working for me and my family and others that, that I was accluing into this understanding and my family and others that I was cluing into this understanding of money. And I was like, let's do this book and let's spread the word and get more people financially healthy. Preston Pyshko, Jr.: That's the thing I love about the show. I have a lot of people on and I learn from almost every guest and people are like, how does that happen?

Because sometimes you have guests on Chris to talk about the same thing, investing in real estate or something and what's interesting is so many people have different paradigms of coming at a problem or a solution and they have different ways of looking at it that can give you a much deeper experience and knowledge and you can see things that you couldn't see before the scotomas as we like to call them or thinking outside the box or as you say financial epiphanies where you know i've had people i know where i know a lot about a certain subject and they'll come on the show and they'll give me a different paradigm shift of an angle of looking at something and i'm like oh geez wow i never really looked at it from that angle and wow someone told me that 20 years ago I'm hearing that a lot these days.

It's unfortunate we're not. I mean, there's so many things that we need to go teach kids in high school. You know, what credit is, how to manage your credit, how to buy a home, how to manage money, how to balance a checkbook. I don't think they did that when I was in high school. You know, why these things are important uh there should be a psychiatrist on site to deal with any early trauma so we can get that taken care of and that's the thing too don't have people dragging that around you know maybe some college courses before you got married on how to be a good spouse and have a healthy relationship resolve your trauma there's all

this stuff like i've never used algebra i'm sure there's people that have but they're probably rare and i and i put them in a locker i think when i was in high school but no i'm just teasing don't do that folks i think i was the one getting put in lockers i was pretty skinny kid but you know these are the things and so that's why i love the shows because the paradigm shifts and the stuff that you can learn is so amazing and when you think you've heard it all and you've learned it all there's somebody who can come and give you that spin. Let's talk about some of the things that we have on your website so that people can check that out. Let's give a quick.com plug to that again for redundancy purposes.

And then let's talk about some of the things you're doing there as a coach. Cool. Yeah, financialepiphany.com. That's the URL. And so what offerings do you have there to help people out and get them to wake up and have their epiphany? That's right. Yeah. So there's a digital download and I call it the money moves guide. So that has some of the basics that everybody will need to consider if they want to multiply their money. So making a first investment or starting a brokerage account, if you haven't yet already. There's getting out of debt using what's called the debt snowball. I mean, that's going to be most of us interested in that one.

The debt snowball. Yeah, paying off the small debts and then building momentum, psychological momentum as you get through all of them. And even paying off the house in the end at some point for some of us. Other things like getting a connection and a working relationship with a financial professional, whether that be a coach or advisor. So they can tell you where you're at. They can be that coach and that third party that says, all right, here's what I think and here's what I see from my perspective. And then also finding out an amount to aim for to save up and retire by. So an actual amount of money to save up for and retire by. Now, that's in the Money Moves Guide that's downloadable.

But a lot of the site is going to point towards the principles of the book. Obviously, the book's going to explain it the most. I spent three years writing that thing and 10 years getting to that idea to this point and feeling, hey, this is worth sharing. So we can get into a little bit of that. There's something that I call the simple framework. And the simple framework is just before you start anything, any journey, say you want to write a sentence, you have to have an alphabet before you do a math problem,

you got to have numbers. So what is the simple framework for multiplying money? It's looking at all the multitude of options out there about money, money. It's for most of us, it's running circles around us. we can't we can't understand it it's just constantly moving roving variables and we can't nail it down i say to money sit down behave stay in one place and with this simple framework it freezes money long enough so we can understand it so what is this simple framework um basically it's it's three things that we need to know if we're going to multiply money. One is when are we starting to work? And the most common age is 22 coming out of a college

education getting into your career. So I choose the age 22 could be 21 could be 23. Let's go ahead and pick something so we can freeze money in place. What's the average duration of a career? 40 years, could be 39, could be 41. That's going to confuse us. Let's stick with 40. We're going to understand money by making it freeze in place. And then the last element of the simple framework is the rate of return. How much is money multiplying by? And I use the common 7.2 percent rate of return and that's the money that money earns that's what a stock earns that's what a bond earns if it's 7.2 which is extremely common over the long run then we're going to choose that one and instead of the multitude of other

options out there and with these three things starting a career at age 22, working for 40 years and earning a 7.2% rate of return over those 40 years, we can solve money. We now have made it freeze in place where we can have these three financial epiphanies that I'm going to tell you about. But yeah, any thoughts about that before we jump into those? Yeah, I mean, that's really important. I heard Dave Ramsey recently say, if you're that young, around 23, you put a hundred bucks away into some sort of investment account, you'll be a millionaire by the time you're, I don't know, 40, 50, 60. I like how you break it down. You give it that keep it simple, stupid sort of concept, that KISS concept. You got it. KISS.

And you keep it, okay, so what can I operate in a framework that I can always remember 40 years, you know, start young. And that's really when people should start because, you know, I mean, it might be hard to build and save money at that young age, you know, but I don't know these days, so many people are living with their, are living with their parents. I, you know, my, I got a few relatives, they're doing pretty good living at home with their parents at Gen Z stage. And I'm like, make some wise investments the way you can now. I don't know. Mom and dad might just let some people live with them forever, I suppose.

I don't know. So let's get into the next step that we had there. Okay. Three financial epiphanies. All right. So in a way, they're like building blocks. So the first one starts out the simplest. Financial epiphany number one is doubling years. Now, what is that? Some of you may know of the Stanford University marshmallow experiment. And that was decades ago that it was held where a single marshmallow was placed before a, say, five-year-old child and the the conductor of the experiment would lean over and say this marshmallow i'm gonna leave the room and if you eat it that's all you get but if you wait

until i get back i'm gonna reward you with a second marshmallow now that was an experiment and delayed gratification those who waited got a second marshmallow. And I thought about that I thought I always liked that experiment. But I was like, what child is going to stop at two marshmallows? I pictured every child looking up to that experimenter and saying, well, if I waited and turn one marshmallow into two, if I waited more, could I turn two marshmallows into four? If I practice patients yet again, quite a turn for mountain marshmallows into four? If I practice patience yet again, could I turn four marshmallows into eight? And why not wait one more time and have eight marshmallows turn into 16?

And the funny thing about that is that doubling of marshmallows is exactly how money doubles when you use those three simple framework principles I just told you about. Over regular intervals of time, money doubles, just like those marshmallows. And what is that interval of time? 10 years. 10 years, you put in, you put money in once up front, and every 10 years, that thing is doubling. So if you put in $10,000, 10 years later, with the simple framework in mind, remember 7.2% interest rate, all these things are rate of return, I should say, that $10,000 10 years later is 20, then it's 40, then it's 80, then it's 160. And so you can start saying and applying those numbers back to our 40 year career we just talked about, you could say, Oh, at 22, if I put in $10,000, if I'm lucky enough to have that amount around that age, it's going to be $160,000 when I retire.

And what if I did that again and again and again? And we start to realize a single input and a single output. And that keeps things extremely simple. That we don't need a calculator for. That we do not need a financial expert to rely on once a year. That is up here and we take it with us everywhere we go. It is that simple. Mad Fientist 1 Because a lot of people do that. They're like,

if I want to understand finances, I got to hire a financial counselor. And there's something wrong with that. They have really great advice. I don't want to put them down too far. But like you were saying earlier in the show, I'm trying to dramatize is that people put things off and they're like, when the time comes, I'll do the financial accounts. Time is now. And the other thing I think to keep in mind for some people is that some people's timeline is shorter than others. Some people don't get a full ride through life. I remember when I was 50, I was bitching on Facebook. I was kind of doing a bitchy rant and uh sometimes i do that for entertainment and someone wrote me and they went you know chris you really shouldn't complain about becoming 50 because

there's a lot of people who would love to trade places with you right now that never made it so i was like yeah i should probably shut up now and he was right um and so you know that so the earlier you start the more maybe you can enjoy what you do have no one no one knows there's no guarantees in life but no one there's one guarantee actually death and taxes that's yeah that's the popular response so no one gets out alive i think it was doors and said that jim morrison or somebody else anyway pick your pick your internet friends. But, you know, so enjoying that sort of thing is important.

The doubling and stuff of compound interest. You know, my father used to do this thing. I don't know if you've probably heard this analogy, but he used to do a thing where he'd say, would you rather have a, you know, I don't remember what the numbers were, but would you rather have a million dollars now or would you rather have a penny a day for the next year or something like that i don't remember yeah yeah people google what it was i've heard that comparison and you know we'd all be like oh let's take a million dollars down yeah let's do that you know because we're kids and our dad was just playing us because we're stupid so i'm just teasing but he but he would

tell people that and you know then he would explain to us the power of that compounding, like you talked about, with the doubling and how that money grows and grows. And the more power it has, the more interest return ROI power you talked about it has. It can make all the difference in the world. Anywhere we want to tease out on the show before we go. You betcha. Okay. 20 years is the foundation. It's the first financial epiphany.

And then I want to talk about what I feel is the most important one, which is when we make this once again, feel like an ability, just like an athlete. So instead of saying, if I put in some money now a thousand dollars, it'll be $16,000 when I retire. Instead of saying that we flip things around. And when we do that, it forces money to pose in a now-minded way. Because a lot of people, when we think about money growing into something, that asks us to be future-minded. And many of us are not. We want instant gratification.

We want now. And so when we flip things around and we say, okay, instead of $1,000 turning into $16,000 later, what if we thought I have the multiplying power of 16 right now when I start my career? I have the multiplying power of 16. I have that ability, right? And there's this window of time when this is going to change. Ten years later, I have the multiplying power of eight. And when I'm in my early 40s, now I have the multiplying power of four. And then in my early 50s, the multiplying power of eight. And when I'm in my early 40s, now I have the multiplying power of four. And then in my early 50s, the multiplying power of two.

Now, once again, thinking about the simple framework, right? This 40-year career. And so when we think about multiplying power and this ability, it allows us to be a steward over it. It allows us to manage it instead of it being,

oh, is it okay to accumulate money or not? Now it's about applying this superpower, even I call it. And the other thing is really important is it's our superpowers reducing by half every 10 years. And that takes advantage of an amazing, amazing way that humans respond to this, a loss aversion. So rather than gain $1,000, we're more afraid of losing $1,000. So in this case, what we're saying is rather than thinking about multiplying your money, think about losing your multiplying power. It's having every 10 years. And when you hear that, when you understand that your multiplying power has every 10 years, you're more likely to feel a sense of urgency. you're more likely to take action. And it uses loss aversion to say,

you have this power 16. Now it's eight, now it's four, now it's two. And then maybe you're retiring and hopefully enjoying the fruits of your labor. But when you see that it's an what's called exponential decay, having every 10 years, then it's like, now I have a framework for understanding what's happening. I thought I could multiply money just as well as I do now, if not better later, when I get promoted, when I'm older, when I understand it, there's actually when we're younger. And if we teach people, it's like sports act now. And hey, I mean, as we age, eyesight's gonna go, hearing's gonna go, maybe even memory, eyesight's going to go. Hearing's going to go. Maybe even memory.

Our bones are going to creak. We all understand that. We all get that. If we start to say money multiplying is like that too, then we get it. Then we're like, oh, I thought I could do this easier later in life. But no, it's actually like athletics. It's actually planting a seed. You can't have a tree the next day.

Every seed you plant now, it's going to a seed you can't have a tree the next day every seed you plant now it's gonna need time to grow yeah you need time to build it and all that all that stuff and you bring up some good points on what people can plan for their life so let me ask you this because i'm sure you know someone in the audience is listening and they go i'm i'm 40 now i'm 50 one thing the an aspect in a lot of day that's coming out right now is a lot of people, millennials, they don't really have, you know, they've been through some ups and downs, you know, the millennials kind of came to fruition in 2008 with the mortgage crisis and, you know, everyone was kind of a hard time to come out looking for a job. The, you know, there's been some impact to that. COVID hit a lot of people too it's been kind of some about every 10 years we're having a kind of 10 or 20 years we have a gut punch yes um people have been struggling can your book help them i guess yeah and what i like to say is

that a big enough why can overcome any how so they keep coming back to the athletics if if you know if your coach is telling you, you have this capability of being the most amazing quarterback, you have the ability to be the most amazing pitcher, you have to do this. We start to figure things out. We start to make sacrifices. And here's the other thing. Let's say we found ourselves, we discovered our multiplying power, but it was after we

had a student loan. We're more likely to go gung-ho paying off that student loan if we know what's happening with our money. If we know that here's this window where if I act now, it's the most powerful time ever. And here's the other thing I want people to think about. There's freedom in all of this. There's a writer, Kay Chesterton, that says, if ever I wanted to catch a train, it's only because I missed the one before. And I think that explains it for a lot of us is that we're like, I got to do this. And we're like, whoops, missed that one. I'm going to get ready for the next one. I'm going

to save up money. I'm going to buy the ticket. I'm going to pack my luggage. I'm going to check it in. And I'm going to be standing right there on the platform when the next train comes. Because whoops, I missed the previous one. It gives us something to work towards when we understand our multiplying power rather than going throughout life and not getting it at all and having that day of reckoning that halts us in our tracks when we're ready to retire saying, like most retirees, the biggest regret is I wish I saved more earlier. So why don't we listen to them? They're the ones with the perspective. They're the ones we're going to become them. And so we should be listening to them. If that's one of their biggest regrets of retirement, then let's take action. Let's take action, ladies and gentlemen. Yeah,

there's, you know, sometimes we get lost. You know, I know sometimes we have fun. We're like, hey, I'm going to buy some new rims for the car. And I'm going to, you know, one thing I see that's really interesting to me, I love watching these TikToks of the financial advisors that are on TikTok. And they're like car, they're car people, car salesmen. And they help a lot of people that are upside down now in cars. And I'm just, it's extraordinary how many people are upside down now in cars and i'm just it's extraordinary how many people are upside down in cars right now because of covid they they bought really high uh when the prices went crazy during covid and sometimes they bought on really crazy interest rates that you're

just like i thought the mob wasn't allowed to even charge that much and and so you know you you you see these people and they're upside down thirty thousand dollars fifty thousand dollars sometimes more than that you know these these trucks are going now for two hundred thousand dollars for a pickup truck and you know and and and so you look at it and you're just like what are you doing and the payments these people are making on these cars are like what used to be a house payment in my younger years it's like 1500 bucks and then the insurance on the cars has gone through the roof because the cars are so expensive uh and so they're paying like 500 a month or more insurance and so you're like two thousand dollars of your monthly nut is going to to some depreciating asset that's that's losing

more money hand over fist and you know and it's kind of funny to watch them because the the guys try and figure out how to you know get them out of their their negative hole yeah do you want to do lease or but you know a lot of people they just can't help they're like yeah if you want to show up with twenty thousand dollars yeah and they're not getting any better situations. Sometimes they're just flipping into the frying pan, into the fire. It is crazy. People should definitely read your book. Get started early. Take advantage of the opportunities you have there early. I think the 401ks and stuff like that are still some of the greatest ventures you can make. I think insurance, I think is good, isn't it?

What I recommend is 401k is number one because you have the possible matching tax advantages, time and the market rate of return. And then after that, it's the individual retirement account, IRA, and then a brokerage account of which you could put any sort of asset in these for the most part.

So those are the three money multiplying methods that are talked about in the book. There's others. And money is a very personal thing. What one person wants to invest in and feels good about is what someone else wants to stay away from. But research it. That's why I also recommend having a financial pro in your corner to say, okay, yeah, I can agree to that. Or if there's a thing that's too risky about that, then you're at least getting that

advice. Yeah. And it can't hurt to have as much good advice on your side as you possibly can. It can't hurt at all. You got it. So tell us how people can reach out to you, how they can onboard, give them your final pitch out and all that good stuff. Yeah, absolutely. So once again, the URL to my website is financialepiphany.com. I definitely will respond. If you go to the contact form, you want to ask me a direct question. That's cool. And then there's links out to the book Financial Epiphany.

There is a link out to YouTube where I have videos on there. And you can listen to the lessons yourself directly there. And definitely consider downloading the Money Moves Guide on there and start your learning. That's got the financial basics. But I highly recommend if you like what you heard, read through the book. It takes four hours. Now, I want you to hear this. The average person watches about 78,000 hours of television per lifetime. That's nine years. If you're watching it consecutively around the clock, that's nine years of your 78-year life.

Now, I just want you to borrow four hours from that 78,000 and read a book. So consider that. How dare you monopolize all of our time that we could be watching the Kardashians? from that 78,000 and read a book. So consider that. Wow. How dare you monopolize all of our time that we could be watching the Kardashians? I know. Sorry to suggest that. Gosh, darn it. And how am I going to keep up with the Kardashians?

I don't know. Do I get paid for plugging that stupid show? Anyway, I'm sure people enjoy it. It gives them something to do with their spare time. But so I appreciate you coming on the show. I appreciate you sharing this with us and getting us so people can know better. And then do we get the dot coms as we go out here? Yeah, yeah. One more time. It's financialepiphany.com. That is the place to get everything. It points to my YouTube and the way to email me and contact me if you want,

but that's the place to go to. Thank you very much for coming on the show. We really appreciate it, Scott. Thanks, Chris. Thank you. And thanks for tuning in. Go to goodreads.com for chest Chris Voss. Order up his book, wherever fine books are sold, Financial Epiphany, discover your ability to multiply money and reimagine your financial life out January 9th, 2025. Thanks for tuning in. Be good to each other. Stay safe. We'll see you next time.