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Dr. Jatali Bellanton: One of the things I think is one of the most important things because I am a person who, both of my parents passed away before I was 21. It's one of my fears. 

It's one of my things that also, I don't allow it to cripple me as a fear, though. I allow it to propel me into learning. What can I do to make sure that my child has a good, comfortable life, regardless of it's, his dad and I both passed away before he's 21. And let's be honest, no matter how much youre your child to be the most financially at literate, smartest kid in the world, When we hit certain ages, like 18 and then 21 and certain ages, we do have our moments, no matter how smart we are. 

Cause I started working in finance since I was 15 as a paid intern. 15. I started to do my paid internship, like my requirements and the hours I needed. By 16, I was working as a paid intern at Credit Suisse. So I was raised in finance and a space from even a tiny, and when I hit certain ages, like 18 and 21, I'm not, I have my moments where I was like, I wanna go to St. 
 
 Farts. I'm rich. I'm. And meanwhile it's like, no, you're not rich, because no matter how much money you have, there's someone else with more money than you. And saying Bars is expensive. And how many times do you think in one year you're gonna be able to go there? And one of the most important things you could do is a living trust. 
 
 And a living trust allows you to free 'em out. Like if you left your child $1 million by this age, they can have this amount. And by that age it can have this amount. You can even bring it out till they're like 40 years old. It's just trickling out money. And you can also make it so that if, let's say you leave behind an attorney to be the person who's minding this living. 
 
 If that child has a great, brilliant business idea and let's say you left them 10 million and they, they need 1 million of that money to put towards this business idea, you can even put a parameter around that so that the child can actually have that framed out where if they come vote business plans to the attorney and this one that makes sense. 
 
 They get embedded maybe by two or three attorneys. Maybe this is something that they could have released that extra money to this child so that they can follow their dream and their purpose if they decide to not do like college and certain. I know one friend who for their living trust, they made it that their child has to go to college in order to get their money. 
 
 I don't agree with that per se, because realistically we're living in a world where there are a lot of people who are multi-millionaires and billionaires who did not finish high school. And so as such, I would not put that kind of a education ramification on it. Maybe like I can see also having something like a vocational skill. 
 
 And so these are all things that you can mandatory or you can even say something as simple as, Hey, I have a pet and it's a family pet, so if I die, you have to take care of the family pet. And that's a part of the living trust. So it's really cool how much you can do, especially when you have children. So that's one less fear that you necessarily need to. 
 
 And you could be alive, by the way, to have a living trust for your child anyway. Some parents will also say, Hey, if you're a trust fund baby, some of them will be like, oh, 25 or 30 years old when you hit this age by your 30th birthday, everything's released to you. I don't necessarily believe in that just because once again, what if you are in a relationship with somebody who is abusive and at the age of 30, that person, when that money is released to you, the person is the one who's gonna spend that money for you. 
 
 So I do think it is good to have something where it's a trickle. . And so what do you guys think about, because we keep talking about generational wealth and basically passing down wealth when you are no longer here, but I read a book years ago that was life changing for me. It's called Die Zero. The concept of it is that basically by the time you pass, there's nothing for you to pass down because you have already passed down your assets progressively to whomever needs them. 
 
 And you have already. Life as fully as you were supposed to by enjoying the shoot of your labor. And what are your thoughts on this? Well, I definitely remember you introducing me to that book, and I haven't finished it yet, but it's definitely a great one. And I think for me, I agree with that concept because I know when I started to make money or build wealth, when I first hit my seven figures, I was very much in like hoarder mentality. 
 
 I have to hold onto this money, I need to see it in my account. If it goes, if I spend anything, I'm all of a sudden I'm broke again. You know, I was still very much living in that lack mindset and because I'm the first person in my family to ever achieve. Amount of money or make this amount of money, I didn't have anyone to look to to show me or tell me, Hey, it's okay. 
 
 Like you don't have to not spend in order to maintain wealth, in fact, you need to diversify. You need to invest. You need to do things with the money in order for it to actually grow. So I definitely think for. Wealth builders and as we start educating our children, it is so important to go back to what you said earlier, to see money as a tool. 
 
 I think so much of the time when we grow up in lower to middle class situations and with single parents, Money is always looked at as this thing that we have just enough of, but not enough to like really live the life that we want. And so our relationship with money from a young age is very strained, where we feel like I only have a little bit, I can't ask my mom for too much because she doesn't have money. 
 
 And it's always a, people don't have it. We don't have it. That's the energy around it. , but shifting that has been a big thing for me and helping my kids understand that this is what money is when you're asking me for things, here's how you earn the money so that you see money as not something that is not present cause it is here, but something that you work for and you earn and you gain in order for it to give you the things that you want in. 
 
 And also that you learn how to use so that it can grow later,