Why Wealth Isn’t Money

SPEAKER_01

What's going on? Truly life legacy. Folks, hope you guys are doing well. Tyler McCard coming at you. I wanted to talk to you guys today about some things that are on my heart. Now, you might say, Well, Tyler, what's on your heart today? Well, I want to talk about wealth. Yeah. I want to talk about wealth. And I know that you might be thinking that, oh, okay, Tyler's going to talk about money, or Tyler's going to talk about finances, or Tyler's going to talk about assets and how to maximize those assets. And that's not what I'm going to talk about today. So if we're going to talk about wealth, we're going to talk about actually what's probably one of the most important things. I won't say the most important thing, but one of the most important things. So let's jump into it right now.

A 10-Year View Of Life

SPEAKER_01

All right. So I was listening to a podcast today. I know that might surprise you that I was actually listening to podcasts, which I listen to podcasts every day, pretty much. And one of the gentlemen actually on the podcast that was being interviewed was a gentleman named Michael Hyatt. Okay. Now, Michael Hyatt, uh great man, love him a lot. He's got a great uh business that he is uh now turned over to his daughter, and he's uh basically kind of in the uh grandparent stage. He's got 10 grandkids, and he was just going through this whole entire story of where his life is at right now and what he's doing and what he's investing in right now as far as relationships. Did I say relationships? Yes, I did. Well, the deal is that Michael started talking about these different areas of focus or different areas of dominion that you know he has people kind of think about and think through uh 10 years out. So you might have a 10-year plan for, say, your family, or you have a 10-year plan for your career, or a 10-year plan, say, for your marriage, what that looks like. So he actually categorized, he even had one in for love, which I thought was really interesting. And he went down this rabbit hole of you know thinking beginning with the end in mind, and it kind of brought me back to how money is really not the thing

A Hospital Room Reality Check

SPEAKER_01

that we really care about, quite honestly. When we get to the end of life, when we get down to that last couple of hours, uh last day, we don't even think about money. And I and I can it brought me back whenever I was listening to his podcast episode, it brought me back to actually my mom. So I saw my mom, I was about 40 years old, and uh unfortunately my mom graduated from this earth a little too early. Okay, but what I saw, what I witnessed, was something that really I'd seen before in another family member who had passed away. She was about 92 years old when she passed away. But I saw my mom have all of these people. I mean, we're talking like, I mean, it almost was like a family reunion, to be honest with you, the day that my mom passed away. I mean, we had cousins there, we had aunts, we had uncles, we had uh family members, we had sisters, brothers, uh, she had her own mom there. When my mom passed away, my sisters, my dad, myself, and a whole bunch of other people were there to actually be a part of my mom graduating this earth. And even though I didn't want to see my mom pass away, and even though that was a very hard day in my life, uh, quite honestly, um it wasn't about wealth. My mom was not asking anything about how much money we had in she had in the bank account, if we were gonna be financially set up. She wasn't sitting there asking me, you know, hey, you know, make sure that Tyler Jr., you know, has enough money so that he can go to college. She didn't ask that. She just wanted us there. She just wanted us to be present. She was just caring about the relationships that were there. And that's where I want to go today. That's what I want to just kind of hit on is this whole entire relationship capital that you have in your family. Because it is one component,

Relationship Capital As True Wealth

SPEAKER_01

it is a major component, it is a huge, you know, if you actually had a KPI, a key performance indicator within your family, is how are the relational health in your family? How is that right now? And one of the very first things that has to happen is knowing how to communicate within a family. Well, most people will study, you know, look, there's no telling how many salespeople will sit there and study about human behavior and they'll study about uh, you know, how to make a sale and how to read a person and so forth. But do they ever go inside and actually apply that to their own family? Most people don't do that. Most people don't even study people's skills, most people don't even study relational skills. They they don't do that. But inside a family, it is so critical to know the health of your family. And I was again in another room learning. All right, this is actually my iron forums group. This happened about two months ago. We actually have uh about a 20-minute talk that's

Five Frameworks For Better Talks

SPEAKER_01

given to us via video. And this one young lady, her name is Holly Moore. Uh, she came on and she was being interviewed by this gentleman, and she talked about that there are five communication frameworks that you can actually set, and I want to get this right set and manage the expectations for communication. All right. These were good. All right. I was really, man, whenever she was sitting there, I was writing down these five things, and they just made so much sense to be able to set up a conversation with someone, especially in your family, to help kind of frame it up and manage expectations inside of a family. And whenever you have to have a conversation one-on-one with someone or a group. Okay. So I want to give you those five uh conversation frameworks that will actually be able to help you set the agenda or set whenever you have a conversation with a family member, or even you know, someone even outside the family, doesn't really matter. So let's jump

Clarifying Conversations That Remove Confusion

SPEAKER_01

into that. Number one, the first one that she talked about was actually a clarifying conversation. All right. So, what does that mean? What does that look like? So let's just say that you are maybe working with your son or you're working with your daughter, maybe say on a business project, or maybe say something about you know a family get-together that you're having, and you didn't quite understand, or you kind of left it uh unclear of what was going on. Well, there's nothing wrong with saying uh to that loved one, hey uh John, I need the can we have a just kind of a clarifying conversation around this event that's going on with our family? I just need to get some clarity around that. And what it tells John, or what a single signals to John, is hey, we're gonna clarify something. I have a misunderstanding, I need some understanding with this, and I'm gonna help me or help you understand this. That's what John's gonna do. And so it gives us just kind of that framework to know, and you can set that up, and you can use that exact word of I got a clarifying, need to have a clarifying conversation about this. I'd really

Coaching Conversations Without Damaging Trust

SPEAKER_01

understand something. Really powerful saying that, okay? Here's another one that she talked about. How about a critique conversation or a critical conversation? Now, these are where that it gets a little dicey sometimes because you want to make sure that you approach that family member in the right framework, because you're you want to say, hey, can we talk about um maybe how you handled that situation in our family the other day, or hey, can we talk about how you might have handled that business situation with our uh within our family just the other day? And you're able to give that person some insight. Now, you've got to have some credibility with them, right? You've got to have the right posture and the right love that you're coming across to with them to be able to critique them. You know, this is where that you know, you as a patriarch really do need to have a good relationship with actually your loved ones so that it actually makes sense for you to be able to go to them or that matriarch to go to them and be able to have that critique conversation, that coaching conversation that you might have. And you might even want to call it a coaching conversation to kind of frame it up better than a critique conversation. I like coaching conversation better than that because that kind of sets the framework of hey, I need to talk about this and maybe help you out with making getting you to a better level and helping you out with that right there. Okay.

Collaborating Through Family Planning

SPEAKER_01

Now, number three, a collaborative conversation. Yeah. Now, a collaborative conversation is something that, hey, we're trying to get this uh situation set up and we need to have a collaborative conversation. Like, for example, I just had to do this with my sisters here recently. We were going to get together for actually our families before school started. We like to get together right before school starts, and we like to bring everybody together and have the grandkids or have the cousins set goals and read off their goals from the prior year and see what their goals are, if they hit those goals or didn't hit those goals. And so I told my sisters, hey, I'd like to get a have a collaborative conversation with you guys because we already have a text thread, right? And it really is kind of a collaborative thing that we're doing inside that text thread of like things that we need to talk about as a family to bring things together. Great use of having a collaborative conversation, and you can even do that say in a family meeting. You know, you can actually put if you if you want to as an agenda item, you can put the what the title of it is, and you say collaborative conversation out in parentheses. That's totally fine, just to kind of again set the framework up and expectations of what that conversation needs to be. Now, number four is a caring conversation. This is critical to a family's success, right here. I think these last two are actually some of the as family

Caring Conversations That Hold People Up

SPEAKER_01

as a whole, this is actually so important. This is where you actually have some TLC, some tender love and care, where you come around somebody and you give them some caring and you have a caring conversation with them. You don't have to frame it up that way necessarily, but you can let them know, hey, I just want to come over and put my arms around you. I just want to love on you, honestly. I mean, I remember that um actually with one of my kids, uh, where that's you know, he and I got a moment, and I just wanted to put my arm because I knew he was going through a tough spot, and I wanted to put my arm around him and just tell him, hey, buddy, I'm right here. Dad loves you. I care about you. I see what you're dealing with, I see what you're going through, I care about you. Okay, I love you. And that that right there, guys, is a caring conversation that families need to have. Okay. Number five. Number five is a celebration conversation. Again, just had that happen uh with my sister. Um, she actually is celebrating her anniversary of 19 years with her husband. And so this was a caring conversation that I had with her. I sent her a one-to-one video to her and her husband. And for about a minute on that conversation, I just told her on the video how excited I was for her and her husband, and that she was actually in the right direction, that they'd made it 19 years, which most people never do, and that I was so excited for them. And I was celebrating,

Celebration Culture And Closing Blessing

SPEAKER_01

right? I was celebrating them. Whenever you have, there's always reasons to have for a celebration. I think that whenever a family gets together, period, you should always try to have some kind of celebratory conversation within the group as a family and one-on-one as the family. So those five again, and uh I'll let me say this, okay? So let me go with the five. One is a clarifying conversation, two is a coaching or critique conversation, three is a collaborative conversation. And let me pause real quick on those three right there. Those three really have a lot to do with within your family, within you know, your organization, your family enterprise that you have. Those are really kind of about, you know, being productive, being efficient, you know, working on that intellectual capital that might be inside the family, or that knowledge capital that might be inside the family. Again, those are those are capital things that you have inside your family that you need to increase and help out with. And those three things right there, the collaborative, the coaching critique, and then the clarifying, those are those types of conversations that were going to bring some productivity, some uh efficiency to the family enterprise that you might have. Now, the other two, the caring and the celebratory or the celebration uh conversations, those are all about culture. Those are all about maybe those things that are the kind of things that are hard to touch and see. But man, once they're celebrated or once they're shown is that you care and you give some loving arms around it, man, that culture is really just man, it just it feels good. I mean, just even me thinking about it right now, it just feels good. So, kingdom success and truly uh legacy life, I wanted to leave that with you, those five things, because relationships are so critical. It is part of the wealth that you're gonna pass on to your kids and to your grandkids. And as you think through generationally and having that, you know, key performance indicator, that KPI of what is the relational health in your family. This is one framework that you can use in order to actually maximize those relationships. So, hope you enjoyed it, guys. Know that you're blessed, you're highly favored, you're empowered to prosper, you walk in divine health, the spirit of breakthrough is on you guys, and gang will catch you on the other side.