{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":2.22,"endTime":2.85,"body":"Hey everybody."},{"speaker":"Average Joe Finances","startTime":2.85,"endTime":5.31,"body":"Welcome back to the Average"},{"speaker":"Average Joe Finances","startTime":2.85,"endTime":5.31,"body":"Joe Finances Podcast."},{"speaker":"Average Joe Finances","startTime":5.31,"endTime":9.16,"body":"I'm your host Mike Cavaggioni,"},{"speaker":"Average Joe Finances","startTime":5.31,"endTime":9.16,"body":"and today's guest is Will Rainey."},{"speaker":"Average Joe Finances","startTime":9.242,"endTime":11.072,"body":"So Will, I am super"},{"speaker":"Average Joe Finances","startTime":9.242,"endTime":11.072,"body":"excited to talk to you."},{"speaker":"Average Joe Finances","startTime":11.072,"endTime":14.342,"body":"We were talking a little bit off"},{"speaker":"Average Joe Finances","startTime":11.072,"endTime":14.342,"body":"camera about where he's at right now."},{"speaker":"Average Joe Finances","startTime":14.347,"endTime":18.891,"body":"He's all over the place, but he just"},{"speaker":"Average Joe Finances","startTime":14.347,"endTime":18.891,"body":"moved a week ago and he's able to"},{"speaker":"Average Joe Finances","startTime":18.891,"endTime":21.621,"body":"get all of his stuff together to"},{"speaker":"Average Joe Finances","startTime":18.891,"endTime":21.621,"body":"have this conversation with us today."},{"speaker":"Average Joe Finances","startTime":21.861,"endTime":25.431,"body":"So Will I am super excited"},{"speaker":"Average Joe Finances","startTime":21.861,"endTime":25.431,"body":"about this conversation and tell"},{"speaker":"Average Joe Finances","startTime":25.431,"endTime":26.391,"body":"us where you're at right now."},{"speaker":"Will Rainey","startTime":26.508,"endTime":30.378,"body":"So I just moved to North"},{"speaker":"Will Rainey","startTime":26.508,"endTime":30.378,"body":"of Thailand, so I'm the other side of"},{"speaker":"Will Rainey","startTime":30.378,"endTime":31.728,"body":"the world to you, completely almost."},{"speaker":"Average Joe Finances","startTime":32.418,"endTime":33.528,"body":"Yeah, that's speaks."},{"speaker":"Average Joe Finances","startTime":34.158,"endTime":34.398,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":34.403,"endTime":34.908,"body":"Fantastic."},{"speaker":"Average Joe Finances","startTime":34.908,"endTime":36.018,"body":"Thank you so much for coming on."},{"speaker":"Average Joe Finances","startTime":36.408,"endTime":39.715,"body":"And so the first question I'd like to ask,"},{"speaker":"Average Joe Finances","startTime":36.408,"endTime":39.715,"body":"it's the same question I ask everybody"},{"speaker":"Average Joe Finances","startTime":39.715,"endTime":42.718,"body":"that comes on the show and this is gonna"},{"speaker":"Average Joe Finances","startTime":39.715,"endTime":42.718,"body":"be the big thing that gets this whole"},{"speaker":"Average Joe Finances","startTime":42.718,"endTime":47.632,"body":"thing moving and we wanna know about"},{"speaker":"Average Joe Finances","startTime":42.718,"endTime":47.632,"body":"you and your background, your story."},{"speaker":"Average Joe Finances","startTime":47.842,"endTime":51.514,"body":"So if you could share that with us, how"},{"speaker":"Average Joe Finances","startTime":47.842,"endTime":51.514,"body":"did you get started and obviously you're"},{"speaker":"Average Joe Finances","startTime":51.514,"endTime":53.014,"body":"traveling around the world now, right?"},{"speaker":"Average Joe Finances","startTime":53.014,"endTime":55.054,"body":"Moving all over the"},{"speaker":"Average Joe Finances","startTime":53.014,"endTime":55.054,"body":"world, so that's awesome."},{"speaker":"Average Joe Finances","startTime":55.264,"endTime":57.544,"body":"So you had to do something to"},{"speaker":"Average Joe Finances","startTime":55.264,"endTime":57.544,"body":"get to this point, so that's"},{"speaker":"Average Joe Finances","startTime":57.544,"endTime":58.714,"body":"what we wanna talk about today."},{"speaker":"Average Joe Finances","startTime":58.714,"endTime":60.314,"body":"So share your story with us."},{"speaker":"Will Rainey","startTime":61.124,"endTime":61.654,"body":"Sure."},{"speaker":"Will Rainey","startTime":61.874,"endTime":67.778,"body":"So I'm from the UK originally, and so"},{"speaker":"Will Rainey","startTime":61.874,"endTime":67.778,"body":"I'm an ATRI trained and background."},{"speaker":"Will Rainey","startTime":67.778,"endTime":70.628,"body":"So for people who've never heard"},{"speaker":"Will Rainey","startTime":67.778,"endTime":70.628,"body":"of an ATRI, it's essentially an"},{"speaker":"Will Rainey","startTime":70.628,"endTime":72.248,"body":"accountant who loves statistics."},{"speaker":"Will Rainey","startTime":72.608,"endTime":75.488,"body":"So doing lots of risk analysis"},{"speaker":"Will Rainey","startTime":72.608,"endTime":75.488,"body":"for very large companies."},{"speaker":"Will Rainey","startTime":75.578,"endTime":79.076,"body":"So I worked as an investment"},{"speaker":"Will Rainey","startTime":75.578,"endTime":79.076,"body":"consultant in the UK for nine years."},{"speaker":"Will Rainey","startTime":79.076,"endTime":82.466,"body":"So helping some of the largest"},{"speaker":"Will Rainey","startTime":79.076,"endTime":82.466,"body":"institutions about where to put their"},{"speaker":"Will Rainey","startTime":82.466,"endTime":86.869,"body":"money so that's insurance companies"},{"speaker":"Will Rainey","startTime":82.466,"endTime":86.869,"body":"pension retirement scheme government."},{"speaker":"Will Rainey","startTime":87.379,"endTime":88.999,"body":"Then we thought we'd do a bit of a change."},{"speaker":"Will Rainey","startTime":88.999,"endTime":92.089,"body":"So my company offered"},{"speaker":"Will Rainey","startTime":88.999,"endTime":92.089,"body":"me a role in Hong Kong."},{"speaker":"Will Rainey","startTime":92.179,"endTime":95.974,"body":"So in 2014 my wife and we had a"},{"speaker":"Will Rainey","startTime":92.179,"endTime":95.974,"body":"two year old daughter at the time,"},{"speaker":"Will Rainey","startTime":96.304,"endTime":100.272,"body":"moved to Hong Kong, and so I got"},{"speaker":"Will Rainey","startTime":96.304,"endTime":100.272,"body":"to work covering the whole of Asia."},{"speaker":"Will Rainey","startTime":100.272,"endTime":104.142,"body":"So I was head of investment"},{"speaker":"Will Rainey","startTime":100.272,"endTime":104.142,"body":"strategy for Asia and loved it."},{"speaker":"Will Rainey","startTime":104.142,"endTime":107.292,"body":"Again, doing the same kind of role,"},{"speaker":"Will Rainey","startTime":104.142,"endTime":107.292,"body":"talking to some of the world's largest"},{"speaker":"Will Rainey","startTime":107.292,"endTime":110.832,"body":"institutions about how to look after their"},{"speaker":"Will Rainey","startTime":107.292,"endTime":110.832,"body":"money and where to invest their money."},{"speaker":"Will Rainey","startTime":111.682,"endTime":115.757,"body":"Then it was around 2017, I was"},{"speaker":"Will Rainey","startTime":111.682,"endTime":115.757,"body":"just talking to someone about my"},{"speaker":"Will Rainey","startTime":115.757,"endTime":119.336,"body":"two young daughters and they said"},{"speaker":"Will Rainey","startTime":115.757,"endTime":119.336,"body":"to me, enjoy this time with them."},{"speaker":"Will Rainey","startTime":119.336,"endTime":122.936,"body":"They only grow up once, which is"},{"speaker":"Will Rainey","startTime":119.336,"endTime":122.936,"body":"a kind of very obvious statement,"},{"speaker":"Will Rainey","startTime":122.936,"endTime":124.196,"body":"but it had a real big impact on me."},{"speaker":"Will Rainey","startTime":124.196,"endTime":127.856,"body":"And I was like, Yeah, now growing up so"},{"speaker":"Will Rainey","startTime":124.196,"endTime":127.856,"body":"fast, I wanna spend more time with them."},{"speaker":"Will Rainey","startTime":128.306,"endTime":131.585,"body":"And I'd recently just read the"},{"speaker":"Will Rainey","startTime":128.306,"endTime":131.585,"body":"Flora Workweek by Tim Ferris."},{"speaker":"Will Rainey","startTime":132.155,"endTime":135.304,"body":"And so we're like, Okay, we've been"},{"speaker":"Will Rainey","startTime":132.155,"endTime":135.304,"body":"saving, investing for the longest time."},{"speaker":"Will Rainey","startTime":135.694,"endTime":138.334,"body":"Why don't we plan to take"},{"speaker":"Will Rainey","startTime":135.694,"endTime":138.334,"body":"some time off corporate work?"},{"speaker":"Will Rainey","startTime":139.129,"endTime":139.849,"body":"And that's what we did."},{"speaker":"Will Rainey","startTime":139.849,"endTime":144.409,"body":"So in 2019, my wife and"},{"speaker":"Will Rainey","startTime":139.849,"endTime":144.409,"body":"I left corporate work."},{"speaker":"Will Rainey","startTime":144.439,"endTime":148.669,"body":"We left Hong Kong and we moved"},{"speaker":"Will Rainey","startTime":144.439,"endTime":148.669,"body":"to Hoi An in Vietnam, which is"},{"speaker":"Will Rainey","startTime":148.669,"endTime":149.749,"body":"like the best place in the world."},{"speaker":"Will Rainey","startTime":150.389,"endTime":154.443,"body":"It's in little town, but it's like"},{"speaker":"Will Rainey","startTime":150.389,"endTime":154.443,"body":"beautiful rice paddy fields, beaches."},{"speaker":"Will Rainey","startTime":154.893,"endTime":158.163,"body":"And so we took time off to spend"},{"speaker":"Will Rainey","startTime":154.893,"endTime":158.163,"body":"more time with the kids, put them"},{"speaker":"Will Rainey","startTime":158.223,"endTime":161.103,"body":"in an international school, so we"},{"speaker":"Will Rainey","startTime":158.223,"endTime":161.103,"body":"weren't going completely bohemian."},{"speaker":"Will Rainey","startTime":161.948,"endTime":165.567,"body":"And whilst the kids are at"},{"speaker":"Will Rainey","startTime":161.948,"endTime":165.567,"body":"school, I wanted to do a project."},{"speaker":"Will Rainey","startTime":165.687,"endTime":168.447,"body":"I wanted to be doing something,"},{"speaker":"Will Rainey","startTime":165.687,"endTime":168.447,"body":"don't wanna just be sitting around."},{"speaker":"Will Rainey","startTime":169.107,"endTime":174.284,"body":"And it took me back to when I was leaving"},{"speaker":"Will Rainey","startTime":169.107,"endTime":174.284,"body":"Hong Kong, a lot of people said to me, how"},{"speaker":"Will Rainey","startTime":174.284,"endTime":177.374,"body":"come we afford to take this time off work?"},{"speaker":"Will Rainey","startTime":177.554,"endTime":179.144,"body":"Like how do we finance it."},{"speaker":"Will Rainey","startTime":179.144,"endTime":180.884,"body":"We're not working full time."},{"speaker":"Will Rainey","startTime":181.184,"endTime":183.846,"body":"And I was like, we've been saving,"},{"speaker":"Will Rainey","startTime":181.184,"endTime":183.846,"body":"investing for the longest time,"},{"speaker":"Will Rainey","startTime":184.716,"endTime":185.882,"body":"so we're gonna live off that."},{"speaker":"Will Rainey","startTime":185.882,"endTime":189.213,"body":"And we've got, we had property in the"},{"speaker":"Will Rainey","startTime":185.882,"endTime":189.213,"body":"UK, so we've got rental from that."},{"speaker":"Will Rainey","startTime":190.263,"endTime":191.958,"body":"And everyone's, Oh, I wish"},{"speaker":"Will Rainey","startTime":190.263,"endTime":191.958,"body":"I had done that as well."},{"speaker":"Will Rainey","startTime":192.863,"endTime":195.953,"body":"And it turns out, even though I worked"},{"speaker":"Will Rainey","startTime":192.863,"endTime":195.953,"body":"in the financial services industry, not"},{"speaker":"Will Rainey","startTime":195.953,"endTime":197.913,"body":"many people were doing what we were doing."},{"speaker":"Will Rainey","startTime":197.935,"endTime":199.205,"body":"They weren't saving investing."},{"speaker":"Will Rainey","startTime":199.205,"endTime":201.425,"body":"I think largely because"},{"speaker":"Will Rainey","startTime":199.205,"endTime":201.425,"body":"they're owning good money."},{"speaker":"Will Rainey","startTime":201.485,"endTime":204.275,"body":"They're always like, I can spend"},{"speaker":"Will Rainey","startTime":201.485,"endTime":204.275,"body":"cause I can always just earn some"},{"speaker":"Will Rainey","startTime":204.275,"endTime":206.105,"body":"more and they had that mentality."},{"speaker":"Will Rainey","startTime":206.525,"endTime":209.675,"body":"So I thought, ah, that's a bit sad"},{"speaker":"Will Rainey","startTime":206.525,"endTime":209.675,"body":"that they can't do what we are doing."},{"speaker":"Will Rainey","startTime":209.675,"endTime":213.155,"body":"So how fortunate my wife and I were,"},{"speaker":"Will Rainey","startTime":209.675,"endTime":213.155,"body":"and it turns out we've just been."},{"speaker":"Will Rainey","startTime":213.455,"endTime":215.345,"body":"Our parents were savers, so we are savers."},{"speaker":"Will Rainey","startTime":215.705,"endTime":217.745,"body":"And so I really wanted to"},{"speaker":"Will Rainey","startTime":215.705,"endTime":217.745,"body":"have that for my daughter."},{"speaker":"Will Rainey","startTime":217.745,"endTime":221.165,"body":"So I want my daughters to be able to"},{"speaker":"Will Rainey","startTime":217.745,"endTime":221.165,"body":"have this opportunity to take time"},{"speaker":"Will Rainey","startTime":221.165,"endTime":223.955,"body":"off and spend with their kids since"},{"speaker":"Will Rainey","startTime":221.165,"endTime":223.955,"body":"they have kids when they're older."},{"speaker":"Will Rainey","startTime":224.465,"endTime":227.105,"body":"And so I started to just"},{"speaker":"Will Rainey","startTime":224.465,"endTime":227.105,"body":"teach them about money."},{"speaker":"Will Rainey","startTime":227.615,"endTime":229.055,"body":"But I wanted to make it interesting."},{"speaker":"Will Rainey","startTime":229.063,"endTime":233.773,"body":"As we'll talk about later, like two of"},{"speaker":"Will Rainey","startTime":229.063,"endTime":233.773,"body":"my favorite books about money were Rich"},{"speaker":"Will Rainey","startTime":233.773,"endTime":237.643,"body":"Dad Porter and Rich Man in Babylon,"},{"speaker":"Will Rainey","startTime":233.773,"endTime":237.643,"body":"which is always storytelling way."},{"speaker":"Will Rainey","startTime":238.143,"endTime":238.773,"body":"Talking about money."},{"speaker":"Will Rainey","startTime":239.013,"endTime":243.483,"body":"So I, when I was putting my kids to"},{"speaker":"Will Rainey","startTime":239.013,"endTime":243.483,"body":"bed, I would start talking about a"},{"speaker":"Will Rainey","startTime":243.483,"endTime":245.403,"body":"different money topic, but using stories."},{"speaker":"Will Rainey","startTime":246.243,"endTime":248.313,"body":"And so then I started to"},{"speaker":"Will Rainey","startTime":246.243,"endTime":248.313,"body":"write about these stories."},{"speaker":"Will Rainey","startTime":248.318,"endTime":252.045,"body":"Cause my parent, kids loved them and"},{"speaker":"Will Rainey","startTime":248.318,"endTime":252.045,"body":"sharing 'em with friends and family."},{"speaker":"Will Rainey","startTime":252.045,"endTime":253.364,"body":"And then just got bigger and bigger."},{"speaker":"Will Rainey","startTime":253.424,"endTime":258.875,"body":"And one of my blogs around how I taught"},{"speaker":"Will Rainey","startTime":253.424,"endTime":258.875,"body":"my kids about the stock market got picked"},{"speaker":"Will Rainey","startTime":258.875,"endTime":262.528,"body":"up by the Financial Times in the UK  and"},{"speaker":"Will Rainey","startTime":258.875,"endTime":262.528,"body":"then companies were like, can you come"},{"speaker":"Will Rainey","startTime":262.528,"endTime":266.458,"body":"and talk to us, to our employees about"},{"speaker":"Will Rainey","startTime":262.528,"endTime":266.458,"body":"how they can teach their kids about money."},{"speaker":"Will Rainey","startTime":266.848,"endTime":267.927,"body":"And it built on from there."},{"speaker":"Will Rainey","startTime":267.957,"endTime":270.88,"body":"And then after a while I had some"},{"speaker":"Will Rainey","startTime":267.957,"endTime":270.88,"body":"number of these little mini stories"},{"speaker":"Will Rainey","startTime":271.09,"endTime":274.372,"body":"that then I created a book, which"},{"speaker":"Will Rainey","startTime":271.09,"endTime":274.372,"body":"is for those people got on YouTube."},{"speaker":"Will Rainey","startTime":274.462,"endTime":278.132,"body":"I got Grandpa's Fortune Fables"},{"speaker":"Will Rainey","startTime":274.462,"endTime":278.132,"body":"which kind of a 14 chapter."},{"speaker":"Will Rainey","startTime":278.162,"endTime":282.207,"body":"Every chapter, a different story"},{"speaker":"Will Rainey","startTime":278.162,"endTime":282.207,"body":"about money to try and make it"},{"speaker":"Will Rainey","startTime":282.267,"endTime":283.947,"body":"as fun as possible for kids."},{"speaker":"Will Rainey","startTime":283.977,"endTime":284.944,"body":"So that's my story."},{"speaker":"Will Rainey","startTime":284.949,"endTime":288.307,"body":"And then, yeah, we've been Vietnam"},{"speaker":"Will Rainey","startTime":284.949,"endTime":288.307,"body":"for three years and then we come"},{"speaker":"Will Rainey","startTime":288.307,"endTime":291.247,"body":"to Thailand for a new adventure"},{"speaker":"Will Rainey","startTime":288.307,"endTime":291.247,"body":"different schooling for the kids."},{"speaker":"Will Rainey","startTime":291.289,"endTime":292.549,"body":"So yeah, that's my story."},{"speaker":"Average Joe Finances","startTime":293.239,"endTime":293.629,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":293.689,"endTime":294.898,"body":"Oh, that's just awesome."},{"speaker":"Average Joe Finances","startTime":294.903,"endTime":298.379,"body":"And it's funny cuz we were talking"},{"speaker":"Average Joe Finances","startTime":294.903,"endTime":298.379,"body":"off camera about, I was telling you"},{"speaker":"Average Joe Finances","startTime":298.379,"endTime":302.314,"body":"about what I thought like immediately"},{"speaker":"Average Joe Finances","startTime":298.379,"endTime":302.314,"body":"when looking at this book was that"},{"speaker":"Average Joe Finances","startTime":302.314,"endTime":305.524,"body":"this is like the children's version"},{"speaker":"Average Joe Finances","startTime":302.314,"endTime":305.524,"body":"of the Richest Man in Babylon."},{"speaker":"Average Joe Finances","startTime":305.824,"endTime":310.999,"body":"So it's funny because it goes back to how"},{"speaker":"Average Joe Finances","startTime":305.824,"endTime":310.999,"body":"much of an impact that book made on you."},{"speaker":"Average Joe Finances","startTime":311.068,"endTime":313.745,"body":"And one of the things that I really"},{"speaker":"Average Joe Finances","startTime":311.068,"endTime":313.745,"body":"like about that book too is each"},{"speaker":"Average Joe Finances","startTime":313.745,"endTime":318.375,"body":"chapter is another story about,"},{"speaker":"Average Joe Finances","startTime":313.745,"endTime":318.375,"body":"something involving money or investing"},{"speaker":"Average Joe Finances","startTime":318.375,"endTime":322.754,"body":"or saving just a different topic"},{"speaker":"Average Joe Finances","startTime":318.375,"endTime":322.754,"body":"of how to do it, how to lend money."},{"speaker":"Average Joe Finances","startTime":323.024,"endTime":324.447,"body":"It was just, it's wonderful."},{"speaker":"Average Joe Finances","startTime":324.473,"endTime":327.988,"body":"And now you've got this book"},{"speaker":"Average Joe Finances","startTime":324.473,"endTime":327.988,"body":"that talks about this stuff,"},{"speaker":"Average Joe Finances","startTime":327.988,"endTime":330.009,"body":"but in to a child, right?"},{"speaker":"Average Joe Finances","startTime":330.249,"endTime":333.399,"body":"And one of the things that I've talked"},{"speaker":"Average Joe Finances","startTime":330.249,"endTime":333.399,"body":"about in this podcast several times, and"},{"speaker":"Average Joe Finances","startTime":333.399,"endTime":337.389,"body":"it's just so frustrating, is how there's"},{"speaker":"Average Joe Finances","startTime":333.399,"endTime":337.389,"body":"such a lack of financial education out"},{"speaker":"Average Joe Finances","startTime":337.389,"endTime":339.309,"body":"there, especially for young people, right?"},{"speaker":"Average Joe Finances","startTime":339.729,"endTime":343.629,"body":"And you even see that, like when you"},{"speaker":"Average Joe Finances","startTime":339.729,"endTime":343.629,"body":"were getting invited out to go speak at"},{"speaker":"Average Joe Finances","startTime":343.634,"endTime":345.129,"body":"these different corporate events, right?"},{"speaker":"Average Joe Finances","startTime":345.129,"endTime":347.746,"body":"The people, Hey, can you come talk"},{"speaker":"Average Joe Finances","startTime":345.129,"endTime":347.746,"body":"to our employees about money and"},{"speaker":"Average Joe Finances","startTime":347.746,"endTime":351.496,"body":"how to invest, like, how to do this"},{"speaker":"Average Joe Finances","startTime":347.746,"endTime":351.496,"body":"because nobody gets taught this stuff."},{"speaker":"Average Joe Finances","startTime":351.706,"endTime":355.05,"body":"So you go into adulthood and"},{"speaker":"Average Joe Finances","startTime":351.706,"endTime":355.05,"body":"you're given a paycheck and you're"},{"speaker":"Average Joe Finances","startTime":355.14,"endTime":356.64,"body":"like, Okay, hey, figure it out."},{"speaker":"Average Joe Finances","startTime":357.17,"endTime":360.08,"body":"And you try to figure out the whole"},{"speaker":"Average Joe Finances","startTime":357.17,"endTime":360.08,"body":"work life balance piece, you try to"},{"speaker":"Average Joe Finances","startTime":360.08,"endTime":363.04,"body":"figure out I gotta pay my bills, and"},{"speaker":"Average Joe Finances","startTime":360.08,"endTime":363.04,"body":"then how much do I have left over?"},{"speaker":"Average Joe Finances","startTime":363.04,"endTime":364.32,"body":"Oh, I'm making enough money."},{"speaker":"Average Joe Finances","startTime":364.32,"endTime":366.03,"body":"I could just spend it right?"},{"speaker":"Average Joe Finances","startTime":366.21,"endTime":369.231,"body":"Where they should be saving some"},{"speaker":"Average Joe Finances","startTime":366.21,"endTime":369.231,"body":"of that and but the thing is they"},{"speaker":"Average Joe Finances","startTime":369.231,"endTime":370.671,"body":"were never taught to do that."},{"speaker":"Average Joe Finances","startTime":370.705,"endTime":373.645,"body":"With what you're doing right now"},{"speaker":"Average Joe Finances","startTime":370.705,"endTime":373.645,"body":"with your book and just being able to"},{"speaker":"Average Joe Finances","startTime":373.645,"endTime":377.425,"body":"provide this financial literacy piece,"},{"speaker":"Average Joe Finances","startTime":373.645,"endTime":377.425,"body":"that's something I appreciate more than"},{"speaker":"Average Joe Finances","startTime":377.425,"endTime":379.975,"body":"anything else when I bring people on"},{"speaker":"Average Joe Finances","startTime":377.425,"endTime":379.975,"body":"this show to talk about this stuff."},{"speaker":"Average Joe Finances","startTime":380.065,"endTime":384.254,"body":"And that's the whole purpose of what"},{"speaker":"Average Joe Finances","startTime":380.065,"endTime":384.254,"body":"this podcast is about, is to teach"},{"speaker":"Average Joe Finances","startTime":384.254,"endTime":385.985,"body":"financial literacy to other people."},{"speaker":"Average Joe Finances","startTime":385.985,"endTime":387.56,"body":"Cuz there's so many"},{"speaker":"Average Joe Finances","startTime":385.985,"endTime":387.56,"body":"different ways to do it."},{"speaker":"Average Joe Finances","startTime":387.565,"endTime":391.42,"body":"Yeah I got plenty of real estate investors"},{"speaker":"Average Joe Finances","startTime":387.565,"endTime":391.42,"body":"that come on and share what they're doing."},{"speaker":"Average Joe Finances","startTime":392.005,"endTime":393.955,"body":"And I've got plenty of other people"},{"speaker":"Average Joe Finances","startTime":392.005,"endTime":393.955,"body":"that come on and talk about what"},{"speaker":"Average Joe Finances","startTime":393.955,"endTime":396.655,"body":"they're doing in the stock market or"},{"speaker":"Average Joe Finances","startTime":393.955,"endTime":396.655,"body":"crypto or anything else like that."},{"speaker":"Average Joe Finances","startTime":396.955,"endTime":399.773,"body":"But when we could sit down here"},{"speaker":"Average Joe Finances","startTime":396.955,"endTime":399.773,"body":"and talk about some of the basic"},{"speaker":"Average Joe Finances","startTime":399.773,"endTime":403.391,"body":"concepts that you need to understand,"},{"speaker":"Average Joe Finances","startTime":399.773,"endTime":403.391,"body":"it's always a real treat to have"},{"speaker":"Average Joe Finances","startTime":403.391,"endTime":405.101,"body":"someone on to talk about that stuff."},{"speaker":"Average Joe Finances","startTime":405.108,"endTime":408.138,"body":"So speaking about teaching"},{"speaker":"Average Joe Finances","startTime":405.108,"endTime":408.138,"body":"kids about money, right?"},{"speaker":"Average Joe Finances","startTime":408.168,"endTime":412.977,"body":"Why is it that it's so important, at"},{"speaker":"Average Joe Finances","startTime":408.168,"endTime":412.977,"body":"least, I have a feeling I know why,"},{"speaker":"Average Joe Finances","startTime":412.977,"endTime":415.887,"body":"to me, why it's so important, but what"},{"speaker":"Average Joe Finances","startTime":412.977,"endTime":415.887,"body":"would you say is the most important"},{"speaker":"Average Joe Finances","startTime":415.892,"endTime":419.563,"body":"thing about teaching kids about money"},{"speaker":"Average Joe Finances","startTime":415.892,"endTime":419.563,"body":"and why building wealth is so important?"},{"speaker":"Will Rainey","startTime":419.563,"endTime":423.493,"body":"Money in my mind is about"},{"speaker":"Will Rainey","startTime":419.563,"endTime":423.493,"body":"habits and the actions that you take."},{"speaker":"Will Rainey","startTime":423.523,"endTime":427.153,"body":"It's not so much about how many"},{"speaker":"Will Rainey","startTime":423.523,"endTime":427.153,"body":"textbooks you've read and all how many"},{"speaker":"Will Rainey","startTime":427.153,"endTime":429.606,"body":"acronyms, about money and all the jazz."},{"speaker":"Will Rainey","startTime":429.936,"endTime":430.836,"body":"It's about what actions."},{"speaker":"Will Rainey","startTime":430.836,"endTime":433.897,"body":"So as we just talked about the"},{"speaker":"Will Rainey","startTime":430.836,"endTime":433.897,"body":"richest man in Babylon, right?"},{"speaker":"Will Rainey","startTime":433.897,"endTime":437.557,"body":"So you've got an adult who reads"},{"speaker":"Will Rainey","startTime":433.897,"endTime":437.557,"body":"that and they go, Okay, this is"},{"speaker":"Will Rainey","startTime":437.557,"endTime":442.133,"body":"good, but they've gotta then read it"},{"speaker":"Will Rainey","startTime":437.557,"endTime":442.133,"body":"and go, I'm not doing 90% of this."},{"speaker":"Will Rainey","startTime":442.287,"endTime":445.857,"body":"So I've gotta change everything"},{"speaker":"Will Rainey","startTime":442.287,"endTime":445.857,"body":"that I'm doing to try and"},{"speaker":"Will Rainey","startTime":445.857,"endTime":447.777,"body":"follow the kind of principles."},{"speaker":"Will Rainey","startTime":447.777,"endTime":451.617,"body":"So saving one out of every 10,"},{"speaker":"Will Rainey","startTime":447.777,"endTime":451.617,"body":"investing, blah, blah, blah."},{"speaker":"Will Rainey","startTime":452.187,"endTime":456.445,"body":"It's really hard to change what actions"},{"speaker":"Will Rainey","startTime":452.187,"endTime":456.445,"body":"you've been doing for the last night."},{"speaker":"Will Rainey","startTime":456.715,"endTime":460.525,"body":"It could be years and decades you've"},{"speaker":"Will Rainey","startTime":456.715,"endTime":460.525,"body":"been doing the same actions, and we"},{"speaker":"Will Rainey","startTime":460.525,"endTime":461.995,"body":"all know how hard it is to change."},{"speaker":"Will Rainey","startTime":462.32,"endTime":464.03,"body":"Whereas kids, they're completely fresh."},{"speaker":"Will Rainey","startTime":464.03,"endTime":468.53,"body":"They don't have these inbuilt"},{"speaker":"Will Rainey","startTime":464.03,"endTime":468.53,"body":"bad habits of always spending"},{"speaker":"Will Rainey","startTime":468.53,"endTime":470.06,"body":"overspending consumption."},{"speaker":"Will Rainey","startTime":470.48,"endTime":475.49,"body":"So if we can teach kids from the"},{"speaker":"Will Rainey","startTime":470.48,"endTime":475.49,"body":"youngest age to have these habits of"},{"speaker":"Will Rainey","startTime":475.49,"endTime":478.16,"body":"just every time they get some money,"},{"speaker":"Will Rainey","startTime":475.49,"endTime":478.16,"body":"they just put it away straight away."},{"speaker":"Will Rainey","startTime":478.46,"endTime":480.47,"body":"And so when they're adults,"},{"speaker":"Will Rainey","startTime":478.46,"endTime":480.47,"body":"that's just what they do."},{"speaker":"Will Rainey","startTime":480.83,"endTime":481.85,"body":"They know about investing."},{"speaker":"Will Rainey","startTime":481.85,"endTime":484.67,"body":"They know that money can grow,"},{"speaker":"Will Rainey","startTime":481.85,"endTime":484.67,"body":"so they don't have to think"},{"speaker":"Will Rainey","startTime":484.67,"endTime":485.57,"body":"about it when they're older."},{"speaker":"Will Rainey","startTime":485.57,"endTime":486.38,"body":"They're just doing it."},{"speaker":"Will Rainey","startTime":487.085,"endTime":491.645,"body":"And so there's actually been research"},{"speaker":"Will Rainey","startTime":487.085,"endTime":491.645,"body":"by Cambridge University in England where"},{"speaker":"Will Rainey","startTime":492.005,"endTime":496.205,"body":"they looked at when people start to"},{"speaker":"Will Rainey","startTime":492.005,"endTime":496.205,"body":"form like their money habits, and it's"},{"speaker":"Will Rainey","startTime":496.205,"endTime":497.855,"body":"surprisingly it's the age of seven."},{"speaker":"Will Rainey","startTime":498.545,"endTime":502.445,"body":"So by the age of seven, most of"},{"speaker":"Will Rainey","startTime":498.545,"endTime":502.445,"body":"our money adult behaviors are"},{"speaker":"Will Rainey","startTime":502.445,"endTime":504.245,"body":"already starting to be formed."},{"speaker":"Will Rainey","startTime":504.515,"endTime":507.155,"body":"Not to say they're like hard coded,"},{"speaker":"Will Rainey","startTime":504.515,"endTime":507.155,"body":"but they're starting to be formed."},{"speaker":"Will Rainey","startTime":507.275,"endTime":511.65,"body":"And you can probably see that cuz when"},{"speaker":"Will Rainey","startTime":507.275,"endTime":511.65,"body":"children are given money, In the western"},{"speaker":"Will Rainey","startTime":511.65,"endTime":514.688,"body":"world particularly ,most adults will say,"},{"speaker":"Will Rainey","startTime":511.65,"endTime":514.688,"body":"What are you gonna go and spend that on?"},{"speaker":"Will Rainey","startTime":514.988,"endTime":515.918,"body":"What are you gonna go and buy?"},{"speaker":"Will Rainey","startTime":515.978,"endTime":516.924,"body":"Oh, that's really exciting."},{"speaker":"Will Rainey","startTime":516.967,"endTime":519.577,"body":"And they'll just see that their"},{"speaker":"Will Rainey","startTime":516.967,"endTime":519.577,"body":"parents are going out spending."},{"speaker":"Will Rainey","startTime":519.577,"endTime":522.585,"body":"So in their minds, in those first"},{"speaker":"Will Rainey","startTime":519.577,"endTime":522.585,"body":"years where their brains are forming"},{"speaker":"Will Rainey","startTime":522.585,"endTime":525.727,"body":"all these connections, they're just"},{"speaker":"Will Rainey","startTime":522.585,"endTime":525.727,"body":"seeing money, spending money, spending."},{"speaker":"Will Rainey","startTime":526.177,"endTime":529.327,"body":"And then as they get older, you have to"},{"speaker":"Will Rainey","startTime":526.177,"endTime":529.327,"body":"then go, All right, you need to try and"},{"speaker":"Will Rainey","startTime":529.327,"endTime":533.737,"body":"rewire that and that become, we know"},{"speaker":"Will Rainey","startTime":529.327,"endTime":533.737,"body":"the longer goes on the harder it is."},{"speaker":"Will Rainey","startTime":534.127,"endTime":537.462,"body":"So if we can teach kids from the youngest"},{"speaker":"Will Rainey","startTime":534.127,"endTime":537.462,"body":"age save a little bit of money, don't"},{"speaker":"Will Rainey","startTime":537.462,"endTime":538.872,"body":"save all of it cause that's boring."},{"speaker":"Will Rainey","startTime":538.877,"endTime":542.802,"body":"But save some, get into that habit and"},{"speaker":"Will Rainey","startTime":538.877,"endTime":542.802,"body":"then when they're older, it'll just be"},{"speaker":"Will Rainey","startTime":542.892,"endTime":545.299,"body":"easy to save and have those great habits."},{"speaker":"Will Rainey","startTime":545.779,"endTime":548.209,"body":"And if they start to save,"},{"speaker":"Will Rainey","startTime":545.779,"endTime":548.209,"body":"they're less likely to use debt."},{"speaker":"Will Rainey","startTime":548.239,"endTime":552.394,"body":"They're less likely to gamble and"},{"speaker":"Will Rainey","startTime":548.239,"endTime":552.394,"body":"all that kind of bits that we get"},{"speaker":"Will Rainey","startTime":552.394,"endTime":555.319,"body":"when we don't have that patience and"},{"speaker":"Will Rainey","startTime":552.394,"endTime":555.319,"body":"we don't haven't had that sort of"},{"speaker":"Will Rainey","startTime":555.499,"endTime":557.359,"body":"emergency buffer kind of building up."},{"speaker":"Will Rainey","startTime":557.479,"endTime":561.281,"body":"And plus they get to see the small"},{"speaker":"Will Rainey","startTime":557.479,"endTime":561.281,"body":"little bits of saving adds up."},{"speaker":"Will Rainey","startTime":561.851,"endTime":565.548,"body":"And then once you start to see that"},{"speaker":"Will Rainey","startTime":561.851,"endTime":565.548,"body":"compounding of money growing, then"},{"speaker":"Will Rainey","startTime":565.548,"endTime":567.007,"body":"you go, Oh actually savings fund."},{"speaker":"Will Rainey","startTime":567.337,"endTime":573.187,"body":"Cause it's everyone who I know who saves"},{"speaker":"Will Rainey","startTime":567.337,"endTime":573.187,"body":"love saving now, it's just getting past."},{"speaker":"Will Rainey","startTime":573.402,"endTime":577.102,"body":"That first hurdle where it's small, it"},{"speaker":"Will Rainey","startTime":573.402,"endTime":577.102,"body":"doesn't, it seems all insignificant."},{"speaker":"Will Rainey","startTime":577.642,"endTime":580.617,"body":"If kids can learn that and see it"},{"speaker":"Will Rainey","startTime":577.642,"endTime":580.617,"body":"from the youngest age they've got"},{"speaker":"Will Rainey","startTime":580.617,"endTime":582.117,"body":"such a head start in life in my mind."},{"speaker":"Average Joe Finances","startTime":582.927,"endTime":583.347,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":583.484,"endTime":586.636,"body":"The perfect thing that you brought up at"},{"speaker":"Average Joe Finances","startTime":583.484,"endTime":586.636,"body":"the very beginning it's about the habits"},{"speaker":"Average Joe Finances","startTime":586.636,"endTime":588.106,"body":"and the actions that you take, right?"},{"speaker":"Average Joe Finances","startTime":588.406,"endTime":590.983,"body":"So one of the things that we have"},{"speaker":"Average Joe Finances","startTime":588.406,"endTime":590.983,"body":"for our kids, we have them, we have"},{"speaker":"Average Joe Finances","startTime":590.983,"endTime":592.407,"body":"It's like a piggybank system, right?"},{"speaker":"Average Joe Finances","startTime":592.407,"endTime":594.027,"body":"So it's three different"},{"speaker":"Average Joe Finances","startTime":592.407,"endTime":594.027,"body":"piggy banks that they have."},{"speaker":"Average Joe Finances","startTime":594.327,"endTime":597.867,"body":"One is their spending money, one is"},{"speaker":"Average Joe Finances","startTime":594.327,"endTime":597.867,"body":"their savings, and one is charity, right?"},{"speaker":"Average Joe Finances","startTime":597.867,"endTime":601.558,"body":"So when they get, let's say they get"},{"speaker":"Average Joe Finances","startTime":597.867,"endTime":601.558,"body":"10 bucks, they would put $6 into what"},{"speaker":"Average Joe Finances","startTime":601.563,"endTime":605.442,"body":"they could spend $3 into their savings"},{"speaker":"Average Joe Finances","startTime":601.563,"endTime":605.442,"body":"and then a dollar into the charity."},{"speaker":"Average Joe Finances","startTime":605.562,"endTime":608.802,"body":"And what we do is over time when they"},{"speaker":"Average Joe Finances","startTime":605.562,"endTime":608.802,"body":"build up enough money in the charity"},{"speaker":"Average Joe Finances","startTime":608.802,"endTime":612.727,"body":"bucket, they'll either go buy a toy"},{"speaker":"Average Joe Finances","startTime":608.802,"endTime":612.727,"body":"that we go donate to something or"},{"speaker":"Average Joe Finances","startTime":612.727,"endTime":616.356,"body":"they'll go give it to a charity of"},{"speaker":"Average Joe Finances","startTime":612.727,"endTime":616.356,"body":"their choice, Or they'll give it back"},{"speaker":"Average Joe Finances","startTime":616.356,"endTime":619.606,"body":"to me and my wife and they'll tell"},{"speaker":"Average Joe Finances","startTime":616.356,"endTime":619.606,"body":"us what they wanna donate it to, and"},{"speaker":"Average Joe Finances","startTime":619.606,"endTime":621.166,"body":"then we'll do it online or something."},{"speaker":"Average Joe Finances","startTime":621.496,"endTime":624.166,"body":"So there, there's that"},{"speaker":"Average Joe Finances","startTime":621.496,"endTime":624.166,"body":"portion of it, right?"},{"speaker":"Average Joe Finances","startTime":624.166,"endTime":626.596,"body":"So the giving back aspect, but"},{"speaker":"Average Joe Finances","startTime":624.166,"endTime":626.596,"body":"then also the savings, right?"},{"speaker":"Average Joe Finances","startTime":626.601,"endTime":630.645,"body":"So now they're saving like 30% of"},{"speaker":"Average Joe Finances","startTime":626.601,"endTime":630.645,"body":"the money that they're making, right?"},{"speaker":"Average Joe Finances","startTime":630.645,"endTime":632.956,"body":"So that's what we wanna have"},{"speaker":"Average Joe Finances","startTime":630.645,"endTime":632.956,"body":"ingrained in their heads."},{"speaker":"Average Joe Finances","startTime":632.956,"endTime":637.678,"body":"Hey, try to live off of 60% of what"},{"speaker":"Average Joe Finances","startTime":632.956,"endTime":637.678,"body":"you make, save 30% and give 10%."},{"speaker":"Average Joe Finances","startTime":637.678,"endTime":639.681,"body":"And that, that's just, and it"},{"speaker":"Average Joe Finances","startTime":637.678,"endTime":639.681,"body":"doesn't have to be that way."},{"speaker":"Average Joe Finances","startTime":639.681,"endTime":641.691,"body":"If you don't wanna give"},{"speaker":"Average Joe Finances","startTime":639.681,"endTime":641.691,"body":"the 10%, you don't have to."},{"speaker":"Average Joe Finances","startTime":641.691,"endTime":644.924,"body":"But that's just being a good"},{"speaker":"Average Joe Finances","startTime":641.691,"endTime":644.924,"body":"steward to the people around you."},{"speaker":"Average Joe Finances","startTime":644.924,"endTime":648.693,"body":"And I think that when you have"},{"speaker":"Average Joe Finances","startTime":644.924,"endTime":648.693,"body":"that type of abundance mindset it"},{"speaker":"Average Joe Finances","startTime":648.698,"endTime":650.283,"body":"comes back to you tenfold, right?"},{"speaker":"Average Joe Finances","startTime":650.493,"endTime":651.659,"body":"So I think that's important."},{"speaker":"Average Joe Finances","startTime":651.674,"endTime":653.635,"body":"So going into, how you do things and."},{"speaker":"Average Joe Finances","startTime":654.74,"endTime":657.71,"body":"I just, I think the biggest"},{"speaker":"Average Joe Finances","startTime":654.74,"endTime":657.71,"body":"takeaway that I got from that whole"},{"speaker":"Average Joe Finances","startTime":657.71,"endTime":660.95,"body":"thing was just starting to build"},{"speaker":"Average Joe Finances","startTime":657.71,"endTime":660.95,"body":"these habits at a very early age."},{"speaker":"Average Joe Finances","startTime":661.16,"endTime":665.14,"body":"I didn't know that seven years old is"},{"speaker":"Average Joe Finances","startTime":661.16,"endTime":665.14,"body":"like when that trigger starts right."},{"speaker":"Average Joe Finances","startTime":665.14,"endTime":667.721,"body":"When they can start learning"},{"speaker":"Average Joe Finances","startTime":665.14,"endTime":667.721,"body":"about actual money and saving."},{"speaker":"Average Joe Finances","startTime":667.721,"endTime":668.886,"body":"So that's really good to know."},{"speaker":"Average Joe Finances","startTime":668.886,"endTime":672.456,"body":"So for the parents out there with young"},{"speaker":"Average Joe Finances","startTime":668.886,"endTime":672.456,"body":"kids, this is something for you to think"},{"speaker":"Average Joe Finances","startTime":672.456,"endTime":676.257,"body":"about as your children get older, maybe"},{"speaker":"Average Joe Finances","startTime":672.456,"endTime":676.257,"body":"at seven years old, go set up a system"},{"speaker":"Average Joe Finances","startTime":676.257,"endTime":679.99,"body":"like this where you get a couple different"},{"speaker":"Average Joe Finances","startTime":676.257,"endTime":679.99,"body":"piggy banks for them to use and utilize."},{"speaker":"Average Joe Finances","startTime":680.001,"endTime":680.897,"body":"That's fantastic."},{"speaker":"Average Joe Finances","startTime":680.897,"endTime":681.496,"body":"Alright."},{"speaker":"Average Joe Finances","startTime":681.576,"endTime":686.936,"body":"Now money can be very, Boring sometimes."},{"speaker":"Average Joe Finances","startTime":686.967,"endTime":689.911,"body":"Especially even for us adults,"},{"speaker":"Average Joe Finances","startTime":686.967,"endTime":689.911,"body":"sometimes we talk about it."},{"speaker":"Average Joe Finances","startTime":689.911,"endTime":692.041,"body":"You wanna talk about finances,"},{"speaker":"Average Joe Finances","startTime":689.911,"endTime":692.041,"body":"You're like, Ugh, come on."},{"speaker":"Average Joe Finances","startTime":692.041,"endTime":692.401,"body":"Really?"},{"speaker":"Average Joe Finances","startTime":692.671,"endTime":693.131,"body":"Again."},{"speaker":"Average Joe Finances","startTime":693.131,"endTime":696.654,"body":"When you try to sit here and explain"},{"speaker":"Average Joe Finances","startTime":693.131,"endTime":696.654,"body":"some of this stuff to the children,"},{"speaker":"Average Joe Finances","startTime":696.654,"endTime":699.699,"body":"it's like, How do you make it engaging?"},{"speaker":"Average Joe Finances","startTime":699.699,"endTime":701.949,"body":"How do you make the"},{"speaker":"Average Joe Finances","startTime":699.699,"endTime":701.949,"body":"conversation fun for them?"},{"speaker":"Average Joe Finances","startTime":702.219,"endTime":706.119,"body":"Now I understand now you've got this book"},{"speaker":"Average Joe Finances","startTime":702.219,"endTime":706.119,"body":"and the book is gonna be very helpful,"},{"speaker":"Average Joe Finances","startTime":706.119,"endTime":710.619,"body":"but how do you like start a conversation"},{"speaker":"Average Joe Finances","startTime":706.119,"endTime":710.619,"body":"with your children to make it like"},{"speaker":"Average Joe Finances","startTime":710.869,"endTime":712.514,"body":"they actually want to talk about money?"},{"speaker":"Average Joe Finances","startTime":712.514,"endTime":714.857,"body":"Cuz most of the time when I talk"},{"speaker":"Average Joe Finances","startTime":712.514,"endTime":714.857,"body":"to my kids about it Oh yeah,"},{"speaker":"Average Joe Finances","startTime":714.862,"endTime":716.237,"body":"we know we're gonna save it."},{"speaker":"Average Joe Finances","startTime":716.297,"endTime":718.837,"body":"We're gonna put this to the side"},{"speaker":"Average Joe Finances","startTime":716.297,"endTime":718.837,"body":"whenever we give them money."},{"speaker":"Average Joe Finances","startTime":718.837,"endTime":721.696,"body":"They're like, Oh, okay, I know"},{"speaker":"Average Joe Finances","startTime":718.837,"endTime":721.696,"body":"I can only spend this much, they"},{"speaker":"Average Joe Finances","startTime":721.696,"endTime":722.926,"body":"get a little frustrated about it."},{"speaker":"Average Joe Finances","startTime":722.926,"endTime":724.863,"body":"So how do you make that engaging and fun?"},{"speaker":"Will Rainey","startTime":725.583,"endTime":729.273,"body":"Yeah, so I use"},{"speaker":"Will Rainey","startTime":725.583,"endTime":729.273,"body":"analogy, which is getting children's"},{"speaker":"Will Rainey","startTime":729.273,"endTime":730.413,"body":"think of money like seeds."},{"speaker":"Will Rainey","startTime":730.743,"endTime":732.034,"body":"And that's not my analogy."},{"speaker":"Will Rainey","startTime":732.034,"endTime":735.214,"body":"I've, that's in number of books, even"},{"speaker":"Will Rainey","startTime":732.034,"endTime":735.214,"body":"The Richest Man in Babylon that we"},{"speaker":"Will Rainey","startTime":735.214,"endTime":736.594,"body":"talked about earlier, but other ones."},{"speaker":"Will Rainey","startTime":736.594,"endTime":739.924,"body":"But I've just really gone home,"},{"speaker":"Will Rainey","startTime":736.594,"endTime":739.924,"body":"gone to town with this analogy."},{"speaker":"Will Rainey","startTime":740.294,"endTime":743.972,"body":"And my kids love it, so we say to"},{"speaker":"Will Rainey","startTime":740.294,"endTime":743.972,"body":"them, look, think of money like seeds."},{"speaker":"Will Rainey","startTime":744.092,"endTime":746.522,"body":"So my youngest was about four"},{"speaker":"Will Rainey","startTime":744.092,"endTime":746.522,"body":"years old when we started talking"},{"speaker":"Will Rainey","startTime":746.522,"endTime":750.291,"body":"about this and I said you can give"},{"speaker":"Will Rainey","startTime":746.522,"endTime":750.291,"body":"those seeds away and that's just"},{"speaker":"Will Rainey","startTime":750.291,"endTime":752.266,"body":"like spending and they get that."},{"speaker":"Will Rainey","startTime":752.626,"endTime":755.861,"body":"But then they're straight away, they're"},{"speaker":"Will Rainey","startTime":752.626,"endTime":755.861,"body":"like a seed, they know you plant."},{"speaker":"Will Rainey","startTime":756.071,"endTime":757.541,"body":"And I was like, they're"},{"speaker":"Will Rainey","startTime":756.071,"endTime":757.541,"body":"like, what does that mean?"},{"speaker":"Will Rainey","startTime":757.841,"endTime":760.241,"body":"And I was like, yep, you can plant"},{"speaker":"Will Rainey","startTime":757.841,"endTime":760.241,"body":"a seed and if you leave it long"},{"speaker":"Will Rainey","startTime":760.241,"endTime":762.581,"body":"enough it'll grow into these trees."},{"speaker":"Will Rainey","startTime":762.581,"endTime":766.563,"body":"So it's getting them to visual about these"},{"speaker":"Will Rainey","startTime":762.581,"endTime":766.563,"body":"kind of money trees growing and their"},{"speaker":"Will Rainey","startTime":766.563,"endTime":769.113,"body":"job is to grow this kind of money forest."},{"speaker":"Will Rainey","startTime":769.713,"endTime":772.923,"body":"And it just works on so many"},{"speaker":"Will Rainey","startTime":769.713,"endTime":772.923,"body":"levels because I just teach them"},{"speaker":"Will Rainey","startTime":772.923,"endTime":775.893,"body":"about the easiest way to talk to"},{"speaker":"Will Rainey","startTime":772.923,"endTime":775.893,"body":"anyone about compound interest."},{"speaker":"Will Rainey","startTime":776.013,"endTime":777.573,"body":"Get a seed, plant a tree."},{"speaker":"Will Rainey","startTime":777.603,"endTime":779.103,"body":"That tree produces more seeds."},{"speaker":"Will Rainey","startTime":779.343,"endTime":783.579,"body":"You plant those seeds, grows more trees"},{"speaker":"Will Rainey","startTime":779.343,"endTime":783.579,"body":"and compound interest, and you've got"},{"speaker":"Will Rainey","startTime":783.579,"endTime":785.049,"body":"a whole forest if you wait long enough."},{"speaker":"Will Rainey","startTime":785.709,"endTime":787.809,"body":"But they also just, they can visualize it."},{"speaker":"Will Rainey","startTime":787.809,"endTime":789.159,"body":"And I think that's the key piece."},{"speaker":"Will Rainey","startTime":789.219,"endTime":790.269,"body":"And they can talk about it."},{"speaker":"Will Rainey","startTime":790.319,"endTime":793.23,"body":"So when I give my kids money,"},{"speaker":"Will Rainey","startTime":790.319,"endTime":793.23,"body":"Pocket money, allowance."},{"speaker":"Will Rainey","startTime":793.5,"endTime":796.292,"body":"They'll say Daddy, can I put"},{"speaker":"Will Rainey","startTime":793.5,"endTime":796.292,"body":"this towards my blue trees?"},{"speaker":"Will Rainey","startTime":796.442,"endTime":798.912,"body":"So we call the trees, blue"},{"speaker":"Will Rainey","startTime":796.442,"endTime":798.912,"body":"trees, and hence the name of my"},{"speaker":"Will Rainey","startTime":798.917,"endTime":800.498,"body":"website is Blue Tree Savings."},{"speaker":"Will Rainey","startTime":800.978,"endTime":804.818,"body":"And so they're like, Oh, can I"},{"speaker":"Will Rainey","startTime":800.978,"endTime":804.818,"body":"put towards my blue trees or Daddy"},{"speaker":"Will Rainey","startTime":804.818,"endTime":806.348,"body":"how many blue trees do I now have?"},{"speaker":"Will Rainey","startTime":806.348,"endTime":807.872,"body":"Or how many does my sister have?"},{"speaker":"Will Rainey","startTime":807.896,"endTime":811.046,"body":"And so they love it and they can"},{"speaker":"Will Rainey","startTime":807.896,"endTime":811.046,"body":"talk about it, and they're like,"},{"speaker":"Will Rainey","startTime":811.046,"endTime":812.816,"body":"What does it mean, when we do plant?"},{"speaker":"Will Rainey","startTime":812.846,"endTime":816.146,"body":"And then as they get older, we can"},{"speaker":"Will Rainey","startTime":812.846,"endTime":816.146,"body":"explain, Okay, that's when we invest"},{"speaker":"Will Rainey","startTime":816.146,"endTime":818.236,"body":"the money and the money is growing."},{"speaker":"Will Rainey","startTime":818.236,"endTime":819.309,"body":"What does the seeds mean?"},{"speaker":"Will Rainey","startTime":819.309,"endTime":823.318,"body":"And again, we can, as they get older, we"},{"speaker":"Will Rainey","startTime":819.309,"endTime":823.318,"body":"talk about those different elements, but"},{"speaker":"Will Rainey","startTime":823.318,"endTime":825.915,"body":"also it gives 'em that sense of security."},{"speaker":"Will Rainey","startTime":825.915,"endTime":828.315,"body":"So I said to my daughter,"},{"speaker":"Will Rainey","startTime":825.915,"endTime":828.315,"body":"It's right when you get to 18."},{"speaker":"Will Rainey","startTime":829.065,"endTime":832.185,"body":"Are you just gonna chop down all"},{"speaker":"Will Rainey","startTime":829.065,"endTime":832.185,"body":"of your blue trees and just don't"},{"speaker":"Will Rainey","startTime":832.185,"endTime":834.405,"body":"spend it ? And they're like, No."},{"speaker":"Will Rainey","startTime":834.41,"endTime":837.315,"body":"Cause they're learning about the"},{"speaker":"Will Rainey","startTime":834.41,"endTime":837.315,"body":"environment and all that at school."},{"speaker":"Will Rainey","startTime":837.495,"endTime":840.882,"body":"So they've come quite protective"},{"speaker":"Will Rainey","startTime":837.495,"endTime":840.882,"body":"of their trees and we've used it"},{"speaker":"Will Rainey","startTime":840.882,"endTime":845.201,"body":"and said mommy and daddy are taking"},{"speaker":"Will Rainey","startTime":840.882,"endTime":845.201,"body":"time off to spend more time with you"},{"speaker":"Will Rainey","startTime":845.201,"endTime":846.802,"body":"because we've got these trees growing."},{"speaker":"Will Rainey","startTime":846.902,"endTime":851.004,"body":"So we're using those seeds to finance"},{"speaker":"Will Rainey","startTime":846.902,"endTime":851.004,"body":"our lives and have this time off."},{"speaker":"Will Rainey","startTime":851.064,"endTime":852.414,"body":"Is that what you want as well?"},{"speaker":"Will Rainey","startTime":852.474,"endTime":853.044,"body":"And they're like, Yeah."},{"speaker":"Will Rainey","startTime":853.614,"endTime":858.475,"body":"So I find that a really powerful analogy"},{"speaker":"Will Rainey","startTime":853.614,"endTime":858.475,"body":"and it's looking, it's helping them"},{"speaker":"Will Rainey","startTime":858.475,"endTime":861.995,"body":"see money into the future as well,"},{"speaker":"Will Rainey","startTime":858.475,"endTime":861.995,"body":"cuz kids know that if you plant a"},{"speaker":"Will Rainey","startTime":861.995,"endTime":865.655,"body":"seed, you don't wake up tomorrow and"},{"speaker":"Will Rainey","startTime":861.995,"endTime":865.655,"body":"there's a magic tree just appeared."},{"speaker":"Will Rainey","startTime":865.925,"endTime":867.845,"body":"They know it's gonna happen in the future."},{"speaker":"Will Rainey","startTime":868.265,"endTime":871.969,"body":"And so it's just an easier way for us"},{"speaker":"Will Rainey","startTime":868.265,"endTime":871.969,"body":"to talk about it, and then we then apply"},{"speaker":"Will Rainey","startTime":872.048,"endTime":877.058,"body":"the detail as they slowly, as they get"},{"speaker":"Will Rainey","startTime":872.048,"endTime":877.058,"body":"a bit older, but even from, as say from"},{"speaker":"Will Rainey","startTime":877.058,"endTime":882.084,"body":"the age of four, they know that they've"},{"speaker":"Will Rainey","startTime":877.058,"endTime":882.084,"body":"got this kind of magical forest  growing."},{"speaker":"Will Rainey","startTime":882.594,"endTime":885.784,"body":"And then the other thing I do is I"},{"speaker":"Will Rainey","startTime":882.594,"endTime":885.784,"body":"say I use stories and characters to"},{"speaker":"Will Rainey","startTime":885.814,"endTime":890.074,"body":"bring concepts to life so it's not"},{"speaker":"Will Rainey","startTime":885.814,"endTime":890.074,"body":"just giving them a lecture, it's"},{"speaker":"Will Rainey","startTime":890.122,"endTime":892.457,"body":"saying, Oh, it could be this kind"},{"speaker":"Will Rainey","startTime":890.122,"endTime":892.457,"body":"of person or this kind of person."},{"speaker":"Will Rainey","startTime":892.462,"endTime":893.867,"body":"And these are the kind of challenges."},{"speaker":"Average Joe Finances","startTime":895.042,"endTime":895.589,"body":"Hey you know what?"},{"speaker":"Average Joe Finances","startTime":895.709,"endTime":898.049,"body":"As you were sitting here talking"},{"speaker":"Average Joe Finances","startTime":895.709,"endTime":898.049,"body":"about that, I just thought of maybe"},{"speaker":"Average Joe Finances","startTime":898.049,"endTime":901.143,"body":"another fun story you could add to"},{"speaker":"Average Joe Finances","startTime":898.049,"endTime":901.143,"body":"maybe a future book or something."},{"speaker":"Average Joe Finances","startTime":901.206,"endTime":904.703,"body":"But cuz there's, there are things out"},{"speaker":"Average Joe Finances","startTime":901.206,"endTime":904.703,"body":"there so a lot of people think, Oh"},{"speaker":"Average Joe Finances","startTime":904.703,"endTime":907.583,"body":"yeah, I can go and do this program"},{"speaker":"Average Joe Finances","startTime":904.703,"endTime":907.583,"body":"and get rich quick, or whatever."},{"speaker":"Average Joe Finances","startTime":907.651,"endTime":909.977,"body":"And like you just said you can't"},{"speaker":"Average Joe Finances","startTime":907.651,"endTime":909.977,"body":"just plant the seed and then wake"},{"speaker":"Average Joe Finances","startTime":909.977,"endTime":911.173,"body":"up the next day and have a tree."},{"speaker":"Average Joe Finances","startTime":911.212,"endTime":913.892,"body":"But, I was just thinking about You know"},{"speaker":"Average Joe Finances","startTime":911.212,"endTime":913.892,"body":"how there's some things out there that"},{"speaker":"Average Joe Finances","startTime":913.892,"endTime":917.298,"body":"are like overnight sensations like the"},{"speaker":"Average Joe Finances","startTime":913.892,"endTime":917.298,"body":"whole crypto rise that we saw, right?"},{"speaker":"Average Joe Finances","startTime":917.33,"endTime":919.701,"body":"I picture that as like jack"},{"speaker":"Average Joe Finances","startTime":917.33,"endTime":919.701,"body":"and the bean stalk, right?"},{"speaker":"Average Joe Finances","startTime":919.716,"endTime":922.626,"body":"You got the five magic beans, you plant"},{"speaker":"Average Joe Finances","startTime":919.716,"endTime":922.626,"body":"the magic beans the next day, you have"},{"speaker":"Average Joe Finances","startTime":922.626,"endTime":925.626,"body":"the giant beanstalk and yeah, you're"},{"speaker":"Average Joe Finances","startTime":922.626,"endTime":925.626,"body":"getting the golden eggs for a little"},{"speaker":"Average Joe Finances","startTime":925.631,"endTime":928.716,"body":"while it's great and then now the"},{"speaker":"Average Joe Finances","startTime":925.631,"endTime":928.716,"body":"giants chasing you and you chop down"},{"speaker":"Average Joe Finances","startTime":928.716,"endTime":929.526,"body":"the bean stock and you have nothing."},{"speaker":"Average Joe Finances","startTime":929.664,"endTime":931.974,"body":"Oh man, I just, Sorry, I just thought"},{"speaker":"Average Joe Finances","startTime":929.664,"endTime":931.974,"body":"about that as you were talking."},{"speaker":"Average Joe Finances","startTime":931.974,"endTime":934.736,"body":"I was like, Oh man that's pretty cool"},{"speaker":"Average Joe Finances","startTime":931.974,"endTime":934.736,"body":"cuz as soon as you said, Oh there's"},{"speaker":"Average Joe Finances","startTime":934.741,"endTime":936.043,"body":"no, nothing that grows overnight."},{"speaker":"Average Joe Finances","startTime":936.048,"endTime":940.025,"body":"I was like that's a good way to try to"},{"speaker":"Average Joe Finances","startTime":936.048,"endTime":940.025,"body":"maybe teach kids to stay away from stuff"},{"speaker":"Average Joe Finances","startTime":940.025,"endTime":943.43,"body":"that anything that looks like you can"},{"speaker":"Average Joe Finances","startTime":940.025,"endTime":943.43,"body":"get rich quick, stay away from that."},{"speaker":"Average Joe Finances","startTime":943.55,"endTime":944.42,"body":"Just stay away from that."},{"speaker":"Average Joe Finances","startTime":944.75,"endTime":946.637,"body":"Cause it's not something"},{"speaker":"Average Joe Finances","startTime":944.75,"endTime":946.637,"body":"that is gonna help you."},{"speaker":"Average Joe Finances","startTime":946.642,"endTime":946.972,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":947.002,"endTime":947.392,"body":"Oh man."},{"speaker":"Average Joe Finances","startTime":947.411,"endTime":948.104,"body":"That's fantastic."},{"speaker":"Average Joe Finances","startTime":948.104,"endTime":948.344,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":948.377,"endTime":950.262,"body":"You can't plant the seed and"},{"speaker":"Average Joe Finances","startTime":948.377,"endTime":950.262,"body":"expect it to grow overnight."},{"speaker":"Average Joe Finances","startTime":950.267,"endTime":954.63,"body":"As a matter of fact, right now we're"},{"speaker":"Average Joe Finances","startTime":950.267,"endTime":954.63,"body":"growing some mango seedlings that we have."},{"speaker":"Average Joe Finances","startTime":954.665,"endTime":957.11,"body":"So my wife has this place over on Maui."},{"speaker":"Average Joe Finances","startTime":957.11,"endTime":960.429,"body":"It's the one of the next islands"},{"speaker":"Average Joe Finances","startTime":957.11,"endTime":960.429,"body":"over, and she loves the mangoes"},{"speaker":"Average Joe Finances","startTime":960.429,"endTime":961.329,"body":"that come from this place."},{"speaker":"Average Joe Finances","startTime":961.329,"endTime":964.539,"body":"And every time that they ship"},{"speaker":"Average Joe Finances","startTime":961.329,"endTime":964.539,"body":"'em over here on O'ahu, she'll"},{"speaker":"Average Joe Finances","startTime":964.544,"endTime":966.519,"body":"go and buy them like in bulk."},{"speaker":"Average Joe Finances","startTime":966.519,"endTime":967.749,"body":"And they're very expensive."},{"speaker":"Average Joe Finances","startTime":967.749,"endTime":970.179,"body":"They're like $10 mangoes, it's ridiculous."},{"speaker":"Average Joe Finances","startTime":970.208,"endTime":972.669,"body":"So she likes to stock up and she's"},{"speaker":"Average Joe Finances","startTime":970.208,"endTime":972.669,"body":"like, hey, she's like, Why don't I"},{"speaker":"Average Joe Finances","startTime":972.669,"endTime":975.308,"body":"plant some of these some of these"},{"speaker":"Average Joe Finances","startTime":972.669,"endTime":975.308,"body":"seeds and see if I can get 'em to grow?"},{"speaker":"Average Joe Finances","startTime":975.308,"endTime":978.383,"body":"So right now we've got two really"},{"speaker":"Average Joe Finances","startTime":975.308,"endTime":978.383,"body":"nice sproutling and then two"},{"speaker":"Average Joe Finances","startTime":978.383,"endTime":979.973,"body":"others just starting to come out."},{"speaker":"Average Joe Finances","startTime":980.273,"endTime":982.734,"body":"So she's hey, maybe in a"},{"speaker":"Average Joe Finances","startTime":980.273,"endTime":982.734,"body":"couple years we can have that"},{"speaker":"Average Joe Finances","startTime":982.734,"endTime":984.203,"body":"same kind of mango over here."},{"speaker":"Average Joe Finances","startTime":984.203,"endTime":985.25,"body":"So yeah, it was pretty neat."},{"speaker":"Average Joe Finances","startTime":985.273,"endTime":986.083,"body":"Definitely like that."},{"speaker":"Average Joe Finances","startTime":986.083,"endTime":987.073,"body":"So fantastic."},{"speaker":"Average Joe Finances","startTime":987.403,"endTime":992.623,"body":"Now there's other things to teach"},{"speaker":"Average Joe Finances","startTime":987.403,"endTime":992.623,"body":"the children about money, right?"},{"speaker":"Average Joe Finances","startTime":992.623,"endTime":995.683,"body":"So we, you talked a little bit"},{"speaker":"Average Joe Finances","startTime":992.623,"endTime":995.683,"body":"about compound interest, but there's"},{"speaker":"Average Joe Finances","startTime":995.683,"endTime":998.413,"body":"different things you have to invest"},{"speaker":"Average Joe Finances","startTime":995.683,"endTime":998.413,"body":"in to get that compound interest."},{"speaker":"Average Joe Finances","startTime":998.413,"endTime":1001.833,"body":"You're not gonna get that just from"},{"speaker":"Average Joe Finances","startTime":998.413,"endTime":1001.833,"body":"planting the seed and just watering"},{"speaker":"Average Joe Finances","startTime":1001.833,"endTime":1003.993,"body":"it and letting it sit there, right?"},{"speaker":"Average Joe Finances","startTime":1003.998,"endTime":1006.807,"body":"Because that's like a savings account"},{"speaker":"Average Joe Finances","startTime":1003.998,"endTime":1006.807,"body":"and you just water it and you just water."},{"speaker":"Average Joe Finances","startTime":1006.807,"endTime":1007.677,"body":"It's gonna grow slowly."},{"speaker":"Average Joe Finances","startTime":1007.887,"endTime":1009.267,"body":"It needs fertilizer, right?"},{"speaker":"Average Joe Finances","startTime":1009.267,"endTime":1010.737,"body":"It needs something that's"},{"speaker":"Average Joe Finances","startTime":1009.267,"endTime":1010.737,"body":"gonna help it grow."},{"speaker":"Average Joe Finances","startTime":1010.917,"endTime":1013.527,"body":"So I would think of that as like the"},{"speaker":"Average Joe Finances","startTime":1010.917,"endTime":1013.527,"body":"stock market or something, right?"},{"speaker":"Average Joe Finances","startTime":1013.527,"endTime":1014.277,"body":"Or real estate."},{"speaker":"Average Joe Finances","startTime":1014.377,"endTime":1018.562,"body":"How do you talk to kids about something"},{"speaker":"Average Joe Finances","startTime":1014.377,"endTime":1018.562,"body":"like that, About the stock market and"},{"speaker":"Average Joe Finances","startTime":1018.562,"endTime":1020.582,"body":"how to do something like that safely?"},{"speaker":"Will Rainey","startTime":1021.457,"endTime":1025.117,"body":"Yeah, so I, yeah,"},{"speaker":"Will Rainey","startTime":1021.457,"endTime":1025.117,"body":"so we've been investing a little"},{"speaker":"Will Rainey","startTime":1025.117,"endTime":1028.452,"body":"bit of money each month for our"},{"speaker":"Will Rainey","startTime":1025.117,"endTime":1028.452,"body":"kids since the youngest of age."},{"speaker":"Will Rainey","startTime":1028.992,"endTime":1033.597,"body":"And so we've been using like a Vanguard"},{"speaker":"Will Rainey","startTime":1028.992,"endTime":1033.597,"body":"Global Equity Fund, to invest in"},{"speaker":"Will Rainey","startTime":1033.602,"endTime":1036.777,"body":"thousands of companies around the world"},{"speaker":"Will Rainey","startTime":1033.602,"endTime":1036.777,"body":"and we don't do anything really with it."},{"speaker":"Will Rainey","startTime":1037.377,"endTime":1040.767,"body":"And so my daughters knew that"},{"speaker":"Will Rainey","startTime":1037.377,"endTime":1040.767,"body":"we've been doing some savings"},{"speaker":"Will Rainey","startTime":1040.767,"endTime":1042.015,"body":"and growing these kind of trees."},{"speaker":"Will Rainey","startTime":1042.225,"endTime":1045.835,"body":"And it was around, I think my"},{"speaker":"Will Rainey","startTime":1042.225,"endTime":1045.835,"body":"oldest, who's now 10, she was seven."},{"speaker":"Will Rainey","startTime":1046.46,"endTime":1050.473,"body":"And we're sitting in a McDonald's"},{"speaker":"Will Rainey","startTime":1046.46,"endTime":1050.473,"body":"in Hong Kong and I thought I'm gonna"},{"speaker":"Will Rainey","startTime":1050.473,"endTime":1053.383,"body":"use this opportunity to see if I"},{"speaker":"Will Rainey","startTime":1050.473,"endTime":1053.383,"body":"can teach her about what are these"},{"speaker":"Will Rainey","startTime":1053.383,"endTime":1054.883,"body":"actual trees that we've been growing."},{"speaker":"Will Rainey","startTime":1055.673,"endTime":1057.988,"body":"So I said to her each month we"},{"speaker":"Will Rainey","startTime":1055.673,"endTime":1057.988,"body":"mommy and daddy put a little"},{"speaker":"Will Rainey","startTime":1057.988,"endTime":1059.878,"body":"bit of money and invest it."},{"speaker":"Will Rainey","startTime":1059.938,"endTime":1062.998,"body":"And what that means is that means"},{"speaker":"Will Rainey","startTime":1059.938,"endTime":1062.998,"body":"you own a piece of this McDonald's."},{"speaker":"Will Rainey","startTime":1063.268,"endTime":1064.318,"body":"And she was like, What?"},{"speaker":"Will Rainey","startTime":1064.408,"endTime":1066.178,"body":"And I was like, Yep, you a little bit."},{"speaker":"Will Rainey","startTime":1066.328,"endTime":1068.138,"body":"Cause you give McDonald's"},{"speaker":"Will Rainey","startTime":1066.328,"endTime":1068.138,"body":"a little bit of money."},{"speaker":"Will Rainey","startTime":1068.138,"endTime":1069.4,"body":"You own this, you own it."},{"speaker":"Will Rainey","startTime":1069.76,"endTime":1070.941,"body":"And she's I own this tray."},{"speaker":"Will Rainey","startTime":1070.971,"endTime":1072.201,"body":"I'm like, Yep, you own this tray."},{"speaker":"Will Rainey","startTime":1072.201,"endTime":1074.301,"body":"You own the table, the bins over there."},{"speaker":"Will Rainey","startTime":1074.601,"endTime":1076.851,"body":"But more importantly, all"},{"speaker":"Will Rainey","startTime":1074.601,"endTime":1076.851,"body":"those people queuing up."},{"speaker":"Will Rainey","startTime":1077.856,"endTime":1080.646,"body":"To buy their Happy Meals and"},{"speaker":"Will Rainey","startTime":1077.856,"endTime":1080.646,"body":"their Big Macs, they're gonna"},{"speaker":"Will Rainey","startTime":1080.646,"endTime":1081.936,"body":"give some money to McDonald's."},{"speaker":"Will Rainey","startTime":1082.026,"endTime":1084.621,"body":"And because you own a little"},{"speaker":"Will Rainey","startTime":1082.026,"endTime":1084.621,"body":"bit of McDonald's, That"},{"speaker":"Will Rainey","startTime":1084.621,"endTime":1085.641,"body":"some of that money is yours."},{"speaker":"Will Rainey","startTime":1085.761,"endTime":1087.081,"body":"And she just lit up."},{"speaker":"Will Rainey","startTime":1087.081,"endTime":1088.176,"body":"She's so excited."},{"speaker":"Will Rainey","startTime":1088.536,"endTime":1089.058,"body":"She's Really?"},{"speaker":"Will Rainey","startTime":1089.208,"endTime":1091.938,"body":"She's just like standard watching"},{"speaker":"Will Rainey","startTime":1089.208,"endTime":1091.938,"body":"the little transactions happening."},{"speaker":"Will Rainey","startTime":1092.268,"endTime":1092.778,"body":"And I was like, Yep."},{"speaker":"Will Rainey","startTime":1092.778,"endTime":1095.868,"body":"Not just this McDonald's, but all"},{"speaker":"Will Rainey","startTime":1092.778,"endTime":1095.868,"body":"of the McDonald's around the world."},{"speaker":"Will Rainey","startTime":1096.168,"endTime":1097.668,"body":"Some people were giving"},{"speaker":"Will Rainey","startTime":1096.168,"endTime":1097.668,"body":"you a little bit of money."},{"speaker":"Will Rainey","startTime":1098.208,"endTime":1101.257,"body":"And then we walked out of the"},{"speaker":"Will Rainey","startTime":1098.208,"endTime":1101.257,"body":"McDonald's and around the shopping"},{"speaker":"Will Rainey","startTime":1101.257,"endTime":1102.817,"body":"mall we saw the Apple store."},{"speaker":"Will Rainey","startTime":1102.817,"endTime":1104.937,"body":"I was like, Yeah, all those"},{"speaker":"Will Rainey","startTime":1102.817,"endTime":1104.937,"body":"people buying their iPads and"},{"speaker":"Will Rainey","startTime":1104.937,"endTime":1106.847,"body":"iPods, some of that money's yours."},{"speaker":"Will Rainey","startTime":1106.943,"endTime":1110.724,"body":"Starbucks and then we lived in Hong Kong,"},{"speaker":"Will Rainey","startTime":1106.943,"endTime":1110.724,"body":"so they had Disney as on the way home."},{"speaker":"Will Rainey","startTime":1110.724,"endTime":1111.993,"body":"So it's yep, you own a bit of Disney."},{"speaker":"Will Rainey","startTime":1111.993,"endTime":1114.813,"body":"And they just, she just couldn't"},{"speaker":"Will Rainey","startTime":1111.993,"endTime":1114.813,"body":"believe that she owned this."},{"speaker":"Will Rainey","startTime":1114.873,"endTime":1118.233,"body":"Again, we didn't really go through"},{"speaker":"Will Rainey","startTime":1114.873,"endTime":1118.233,"body":"how tiny fraction  that she actually"},{"speaker":"Will Rainey","startTime":1118.233,"endTime":1119.733,"body":"owned, but she just loved that."},{"speaker":"Will Rainey","startTime":1119.793,"endTime":1122.763,"body":"And I was like, Yeah, and that"},{"speaker":"Will Rainey","startTime":1119.793,"endTime":1122.763,"body":"money we give to McDonald's."},{"speaker":"Will Rainey","startTime":1122.823,"endTime":1125.913,"body":"McDonald's creates new restaurants"},{"speaker":"Will Rainey","startTime":1122.823,"endTime":1125.913,"body":"or they create new burgers."},{"speaker":"Will Rainey","startTime":1126.123,"endTime":1129.538,"body":"So more people are gonna give"},{"speaker":"Will Rainey","startTime":1126.123,"endTime":1129.538,"body":"McDonald's more money and the"},{"speaker":"Will Rainey","startTime":1129.538,"endTime":1132.418,"body":"more money that McDonald's gets,"},{"speaker":"Will Rainey","startTime":1129.538,"endTime":1132.418,"body":"the more money that you get."},{"speaker":"Will Rainey","startTime":1132.418,"endTime":1134.606,"body":"And that's how your blue trees"},{"speaker":"Will Rainey","startTime":1132.418,"endTime":1134.606,"body":"are growing, the more money."},{"speaker":"Will Rainey","startTime":1135.236,"endTime":1137.306,"body":"And yeah, she just got it straight away."},{"speaker":"Will Rainey","startTime":1137.306,"endTime":1139.886,"body":"And now she wants to own"},{"speaker":"Will Rainey","startTime":1137.306,"endTime":1139.886,"body":"those different bits."},{"speaker":"Will Rainey","startTime":1139.886,"endTime":1142.556,"body":"And she loves investing and"},{"speaker":"Will Rainey","startTime":1139.886,"endTime":1142.556,"body":"seeing that kind of money."},{"speaker":"Will Rainey","startTime":1142.796,"endTime":1146.846,"body":"And I was like, in purest terms, that when"},{"speaker":"Will Rainey","startTime":1142.796,"endTime":1146.846,"body":"people spend money, they get a little bit"},{"speaker":"Will Rainey","startTime":1146.846,"endTime":1152.366,"body":"poorer, but the companies get a little bit"},{"speaker":"Will Rainey","startTime":1146.846,"endTime":1152.366,"body":"richer and companies are owned by people."},{"speaker":"Will Rainey","startTime":1152.426,"endTime":1153.506,"body":"And those people are you."},{"speaker":"Will Rainey","startTime":1154.971,"endTime":1158.718,"body":"Even at seven years old, she got"},{"speaker":"Will Rainey","startTime":1154.971,"endTime":1158.718,"body":"that and I, I just thought that's"},{"speaker":"Will Rainey","startTime":1158.718,"endTime":1162.553,"body":"amazing to have that not just"},{"speaker":"Will Rainey","startTime":1158.718,"endTime":1162.553,"body":"consumer mindset, but owner mindset."},{"speaker":"Will Rainey","startTime":1163.228,"endTime":1167.553,"body":"And now we apply that plus the"},{"speaker":"Will Rainey","startTime":1163.228,"endTime":1167.553,"body":"tree analogy is that really works"},{"speaker":"Will Rainey","startTime":1167.553,"endTime":1171.258,"body":"well in terms of investing, cuz we"},{"speaker":"Will Rainey","startTime":1167.553,"endTime":1171.258,"body":"say, so that's how your trees grow."},{"speaker":"Will Rainey","startTime":1172.218,"endTime":1176.478,"body":"But every now and then there's"},{"speaker":"Will Rainey","startTime":1172.218,"endTime":1176.478,"body":"big storms that come along and"},{"speaker":"Will Rainey","startTime":1176.483,"endTime":1180.258,"body":"those storms can break your trees"},{"speaker":"Will Rainey","startTime":1176.483,"endTime":1180.258,"body":"and your trees will get smaller."},{"speaker":"Will Rainey","startTime":1180.648,"endTime":1183.311,"body":"And so this is just teaching"},{"speaker":"Will Rainey","startTime":1180.648,"endTime":1183.311,"body":"them about stock market falls."},{"speaker":"Will Rainey","startTime":1183.371,"endTime":1185.831,"body":"And it wasn't long after we'd had"},{"speaker":"Will Rainey","startTime":1183.371,"endTime":1185.831,"body":"this conversation in McDonald's"},{"speaker":"Will Rainey","startTime":1185.831,"endTime":1187.022,"body":"that coronavirus happened."},{"speaker":"Will Rainey","startTime":1187.952,"endTime":1189.572,"body":"And so we, I said, Yep."},{"speaker":"Will Rainey","startTime":1189.602,"endTime":1193.142,"body":"So I showed her the chart and showed"},{"speaker":"Will Rainey","startTime":1189.602,"endTime":1193.142,"body":"the stock market going down in wherever"},{"speaker":"Will Rainey","startTime":1193.142,"endTime":1196.547,"body":"it was, March February, sort of 2020"},{"speaker":"Will Rainey","startTime":1193.142,"endTime":1196.547,"body":"and the stock market going down."},{"speaker":"Will Rainey","startTime":1196.607,"endTime":1199.337,"body":"I was like, Look, the"},{"speaker":"Will Rainey","startTime":1196.607,"endTime":1199.337,"body":"coronavirus happened."},{"speaker":"Will Rainey","startTime":1199.342,"endTime":1202.582,"body":"Everyone's at home, so no one's"},{"speaker":"Will Rainey","startTime":1199.342,"endTime":1202.582,"body":"going out and buying their burgers."},{"speaker":"Will Rainey","startTime":1202.612,"endTime":1206.662,"body":"So McDonald's isn't getting that money,"},{"speaker":"Will Rainey","startTime":1202.612,"endTime":1206.662,"body":"and therefore, The less money McDonald's"},{"speaker":"Will Rainey","startTime":1206.662,"endTime":1208.192,"body":"makes, the smaller your trees are getting."},{"speaker":"Will Rainey","startTime":1208.492,"endTime":1211.792,"body":"But don't worry, in the future, people"},{"speaker":"Will Rainey","startTime":1208.492,"endTime":1211.792,"body":"go out and buy burgers again and"},{"speaker":"Will Rainey","startTime":1211.792,"endTime":1213.442,"body":"they'll restaurants and it'll grow."},{"speaker":"Will Rainey","startTime":1213.712,"endTime":1214.582,"body":"And they saw that."},{"speaker":"Will Rainey","startTime":1214.852,"endTime":1219.262,"body":"And again, just shows that if a storm"},{"speaker":"Will Rainey","startTime":1214.852,"endTime":1219.262,"body":"comes, breaks your tree, we don't just"},{"speaker":"Will Rainey","startTime":1219.262,"endTime":1221.992,"body":"go, All right, let's chop down the"},{"speaker":"Will Rainey","startTime":1219.262,"endTime":1221.992,"body":"trees and never plant a tree again."},{"speaker":"Will Rainey","startTime":1222.592,"endTime":1224.902,"body":", we say just a tree breaks."},{"speaker":"Will Rainey","startTime":1225.982,"endTime":1228.292,"body":"After a time, it'll grow"},{"speaker":"Will Rainey","startTime":1225.982,"endTime":1228.292,"body":"back bigger and stronger."},{"speaker":"Will Rainey","startTime":1228.382,"endTime":1231.382,"body":"And that's exactly what happens"},{"speaker":"Will Rainey","startTime":1228.382,"endTime":1231.382,"body":"with investing in the stock market."},{"speaker":"Will Rainey","startTime":1231.472,"endTime":1235.529,"body":"So yeah, so that was my whirlwind"},{"speaker":"Will Rainey","startTime":1231.472,"endTime":1235.529,"body":"tour of her, how I taught my"},{"speaker":"Will Rainey","startTime":1235.529,"endTime":1239.72,"body":"daughters about investing in kind"},{"speaker":"Will Rainey","startTime":1235.529,"endTime":1239.72,"body":"of the simplest terms and hopefully"},{"speaker":"Will Rainey","startTime":1239.72,"endTime":1243.147,"body":"give some something that most adults"},{"speaker":"Will Rainey","startTime":1239.72,"endTime":1243.147,"body":"don't seem to fully appreciate."},{"speaker":"Average Joe Finances","startTime":1244.172,"endTime":1246.043,"body":"Yeah"},{"speaker":"Average Joe Finances","startTime":1244.172,"endTime":1246.043,"body":"that's just a fun way to, to"},{"speaker":"Average Joe Finances","startTime":1246.043,"endTime":1247.256,"body":"explain that to a child, right?"},{"speaker":"Average Joe Finances","startTime":1247.256,"endTime":1249.485,"body":"So when you're sitting here having"},{"speaker":"Average Joe Finances","startTime":1247.256,"endTime":1249.485,"body":"this discussion, especially when"},{"speaker":"Average Joe Finances","startTime":1249.485,"endTime":1251.851,"body":"you're sitting down in the restaurant"},{"speaker":"Average Joe Finances","startTime":1249.485,"endTime":1251.851,"body":"itself and you're saying, Yeah."},{"speaker":"Average Joe Finances","startTime":1251.899,"endTime":1256.554,"body":"Like you actually own a piece of all"},{"speaker":"Average Joe Finances","startTime":1251.899,"endTime":1256.554,"body":"this because you own that, fraction of of"},{"speaker":"Average Joe Finances","startTime":1256.554,"endTime":1258.594,"body":"McDonald because you have shares, right?"},{"speaker":"Average Joe Finances","startTime":1258.984,"endTime":1260.993,"body":"So that's that's really"},{"speaker":"Average Joe Finances","startTime":1258.984,"endTime":1260.993,"body":"awesome for them to know."},{"speaker":"Average Joe Finances","startTime":1260.993,"endTime":1264.908,"body":"And I've not really explained it"},{"speaker":"Average Joe Finances","startTime":1260.993,"endTime":1264.908,"body":"to my kids that way in the past."},{"speaker":"Average Joe Finances","startTime":1264.908,"endTime":1266.678,"body":"And I think I'm going to now,"},{"speaker":"Average Joe Finances","startTime":1264.908,"endTime":1266.678,"body":"because I have the same thing."},{"speaker":"Average Joe Finances","startTime":1266.733,"endTime":1269.732,"body":"I have a joint investment account"},{"speaker":"Average Joe Finances","startTime":1266.733,"endTime":1269.732,"body":"that's there for the kids, it's to"},{"speaker":"Average Joe Finances","startTime":1269.732,"endTime":1271.952,"body":"be, They don't each have their own."},{"speaker":"Average Joe Finances","startTime":1271.957,"endTime":1274.78,"body":"We have one that's for both of"},{"speaker":"Average Joe Finances","startTime":1271.957,"endTime":1274.78,"body":"them, but we might actually split"},{"speaker":"Average Joe Finances","startTime":1274.78,"endTime":1276.404,"body":"it off so they each have their own."},{"speaker":"Average Joe Finances","startTime":1276.404,"endTime":1280.334,"body":"And then I want them to start making"},{"speaker":"Average Joe Finances","startTime":1276.404,"endTime":1280.334,"body":"some of their own decisions as to"},{"speaker":"Average Joe Finances","startTime":1280.334,"endTime":1282.338,"body":"where they want that money going."},{"speaker":"Average Joe Finances","startTime":1282.339,"endTime":1285.76,"body":"And let them start picking what"},{"speaker":"Average Joe Finances","startTime":1282.339,"endTime":1285.76,"body":"accounts they're going into and what"},{"speaker":"Average Joe Finances","startTime":1285.76,"endTime":1287.17,"body":"kind of stocks they're picking up."},{"speaker":"Average Joe Finances","startTime":1287.44,"endTime":1290.609,"body":"But right now it is, it's"},{"speaker":"Average Joe Finances","startTime":1287.44,"endTime":1290.609,"body":"all vanguard too, right?"},{"speaker":"Average Joe Finances","startTime":1290.609,"endTime":1293.582,"body":"We stick with pretty much Fortune,"},{"speaker":"Average Joe Finances","startTime":1290.609,"endTime":1293.582,"body":"500 companies and just keep it nice"},{"speaker":"Average Joe Finances","startTime":1293.582,"endTime":1298.583,"body":"and safe and diversified and don't"},{"speaker":"Average Joe Finances","startTime":1293.582,"endTime":1298.583,"body":"really go into any individual stocks."},{"speaker":"Average Joe Finances","startTime":1298.633,"endTime":1300.741,"body":"I want them to understand"},{"speaker":"Average Joe Finances","startTime":1298.633,"endTime":1300.741,"body":"though that, it is fractional."},{"speaker":"Average Joe Finances","startTime":1300.741,"endTime":1304.026,"body":"Like you have different little"},{"speaker":"Average Joe Finances","startTime":1300.741,"endTime":1304.026,"body":"pieces of all these companies, right?"},{"speaker":"Average Joe Finances","startTime":1304.321,"endTime":1306.541,"body":"So that's just a really"},{"speaker":"Average Joe Finances","startTime":1304.321,"endTime":1306.541,"body":"fun way to explain it."},{"speaker":"Average Joe Finances","startTime":1306.541,"endTime":1308.131,"body":"I think I am gonna take them to the mall."},{"speaker":"Average Joe Finances","startTime":1308.131,"endTime":1310.951,"body":"We're gonna walk around and I'm gonna"},{"speaker":"Average Joe Finances","startTime":1308.131,"endTime":1310.951,"body":"start pointing out some of the different"},{"speaker":"Average Joe Finances","startTime":1310.951,"endTime":1313.618,"body":"companies there and be like, Yeah,"},{"speaker":"Average Joe Finances","startTime":1310.951,"endTime":1313.618,"body":"you actually own a piece of that."},{"speaker":"Average Joe Finances","startTime":1313.618,"endTime":1314.578,"body":"You own a piece of that."},{"speaker":"Average Joe Finances","startTime":1314.581,"endTime":1317.828,"body":"I think that would make it a"},{"speaker":"Average Joe Finances","startTime":1314.581,"endTime":1317.828,"body":"little bit more fun for them."},{"speaker":"Average Joe Finances","startTime":1317.888,"endTime":1320.686,"body":"And but actually knowing my youngest"},{"speaker":"Average Joe Finances","startTime":1317.888,"endTime":1320.686,"body":"daughter, she'll probably walk"},{"speaker":"Average Joe Finances","startTime":1320.716,"endTime":1323.536,"body":"in there and start talking to the"},{"speaker":"Average Joe Finances","startTime":1320.716,"endTime":1323.536,"body":"employees, like she's their boss."},{"speaker":"Average Joe Finances","startTime":1323.598,"endTime":1324.918,"body":"She's really sassy."},{"speaker":"Average Joe Finances","startTime":1325.158,"endTime":1327.697,"body":"So I could see us walking into"},{"speaker":"Average Joe Finances","startTime":1325.158,"endTime":1327.697,"body":"the Apple store and be like Yeah,"},{"speaker":"Average Joe Finances","startTime":1327.697,"endTime":1328.957,"body":"can I get the employee discount?"},{"speaker":"Average Joe Finances","startTime":1328.957,"endTime":1332.314,"body":"I'd like a new iPad Pro and"},{"speaker":"Average Joe Finances","startTime":1328.957,"endTime":1332.314,"body":"actually, because I own this"},{"speaker":"Average Joe Finances","startTime":1332.314,"endTime":1335.788,"body":"company, I'd like it for free .Cause"},{"speaker":"Average Joe Finances","startTime":1332.314,"endTime":1335.788,"body":"I could see her doing that, man."},{"speaker":"Average Joe Finances","startTime":1335.797,"endTime":1337.125,"body":"She is, she's a little sassy."},{"speaker":"Average Joe Finances","startTime":1337.164,"endTime":1337.634,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":1337.696,"endTime":1337.996,"body":"All right."},{"speaker":"Average Joe Finances","startTime":1338.001,"endTime":1340.925,"body":"Now besides like the stock market,"},{"speaker":"Average Joe Finances","startTime":1338.001,"endTime":1340.925,"body":"have you talked to your kids"},{"speaker":"Average Joe Finances","startTime":1340.925,"endTime":1342.605,"body":"about real estate at all as well?"},{"speaker":"Average Joe Finances","startTime":1342.629,"endTime":1345.189,"body":"And how you can use that"},{"speaker":"Average Joe Finances","startTime":1342.629,"endTime":1345.189,"body":"to grow your blue trees?"},{"speaker":"Will Rainey","startTime":1346.269,"endTime":1346.479,"body":"Yeah."},{"speaker":"Will Rainey","startTime":1346.779,"endTime":1347.109,"body":"Yeah."},{"speaker":"Will Rainey","startTime":1347.109,"endTime":1349.305,"body":"So we actually distinguish"},{"speaker":"Will Rainey","startTime":1347.109,"endTime":1349.305,"body":"between different ones."},{"speaker":"Will Rainey","startTime":1349.305,"endTime":1352.365,"body":"So blue trees are their investments"},{"speaker":"Will Rainey","startTime":1349.305,"endTime":1352.365,"body":"in the stock market, and we have"},{"speaker":"Will Rainey","startTime":1352.365,"endTime":1355.989,"body":"talked to 'em about real estate"},{"speaker":"Will Rainey","startTime":1352.365,"endTime":1355.989,"body":"and say that we own property."},{"speaker":"Will Rainey","startTime":1355.994,"endTime":1358.149,"body":"So we own real estate in the UK and"},{"speaker":"Average Joe Finances","startTime":1358.149,"endTime":1359.909,"body":"We"},{"speaker":"Average Joe Finances","startTime":1358.149,"endTime":1359.909,"body":"land to grow your trees on."},{"speaker":"Will Rainey","startTime":1360.729,"endTime":1364.689,"body":"Yeah, , and we"},{"speaker":"Will Rainey","startTime":1360.729,"endTime":1364.689,"body":"call that, we call them purple"},{"speaker":"Will Rainey","startTime":1364.689,"endTime":1365.919,"body":"trees, just to distinguish."},{"speaker":"Will Rainey","startTime":1365.919,"endTime":1369.117,"body":"And we say that they're much bigger but"},{"speaker":"Will Rainey","startTime":1365.919,"endTime":1369.117,"body":"you don't have a whole, generally don't"},{"speaker":"Will Rainey","startTime":1369.117,"endTime":1370.77,"body":"have a whole forest of them growing."},{"speaker":"Will Rainey","startTime":1370.83,"endTime":1374.014,"body":"And so we've, we have talked to 'em"},{"speaker":"Will Rainey","startTime":1370.83,"endTime":1374.014,"body":"about we have someone living in our"},{"speaker":"Will Rainey","startTime":1374.314,"endTime":1378.604,"body":"home or our old home in the UK and it's"},{"speaker":"Will Rainey","startTime":1374.314,"endTime":1378.604,"body":"growing, but we have these kind of what"},{"speaker":"Will Rainey","startTime":1378.604,"endTime":1382.416,"body":"we call red bushes on surrounding our"},{"speaker":"Will Rainey","startTime":1378.604,"endTime":1382.416,"body":"purple tree, and that's our mortgage."},{"speaker":"Will Rainey","startTime":1382.529,"endTime":1384.611,"body":"But luckily we're trimming them down."},{"speaker":"Will Rainey","startTime":1384.678,"endTime":1389.219,"body":"Using them, the seeds from the purple tree"},{"speaker":"Will Rainey","startTime":1384.678,"endTime":1389.219,"body":"to pay to get those red bushes cut down."},{"speaker":"Will Rainey","startTime":1389.519,"endTime":1392.032,"body":"But it provides them with an"},{"speaker":"Will Rainey","startTime":1389.519,"endTime":1392.032,"body":"understanding, okay, they're"},{"speaker":"Will Rainey","startTime":1392.037,"endTime":1393.411,"body":"different from our blue trees."},{"speaker":"Will Rainey","startTime":1393.421,"endTime":1396.361,"body":"They're much bigger, so you can't"},{"speaker":"Will Rainey","startTime":1393.421,"endTime":1396.361,"body":"just buy lots of little ones."},{"speaker":"Will Rainey","startTime":1396.361,"endTime":1397.981,"body":"You have to have quite a big one."},{"speaker":"Will Rainey","startTime":1398.221,"endTime":1401.101,"body":"And so that in their minds, they can"},{"speaker":"Will Rainey","startTime":1398.221,"endTime":1401.101,"body":"understand the difference and they know"},{"speaker":"Will Rainey","startTime":1401.101,"endTime":1402.691,"body":"that they can't have a purple tree."},{"speaker":"Will Rainey","startTime":1402.851,"endTime":1406.521,"body":"Now cuz it's, you have to have"},{"speaker":"Will Rainey","startTime":1402.851,"endTime":1406.521,"body":"quite a big investment or large"},{"speaker":"Will Rainey","startTime":1406.521,"endTime":1407.451,"body":"amount of money to have that."},{"speaker":"Will Rainey","startTime":1407.451,"endTime":1409.341,"body":"But they know that's what"},{"speaker":"Will Rainey","startTime":1407.451,"endTime":1409.341,"body":"they want in the future."},{"speaker":"Will Rainey","startTime":1409.761,"endTime":1411.201,"body":"They're not worried"},{"speaker":"Will Rainey","startTime":1409.761,"endTime":1411.201,"body":"about these red bushes."},{"speaker":"Will Rainey","startTime":1411.201,"endTime":1413.643,"body":"They know that they need to cut"},{"speaker":"Will Rainey","startTime":1411.201,"endTime":1413.643,"body":"them down, but ultimately they're"},{"speaker":"Will Rainey","startTime":1413.643,"endTime":1416.924,"body":"there to support the Purple Tree"},{"speaker":"Will Rainey","startTime":1413.643,"endTime":1416.924,"body":"as it starts to grow over time."},{"speaker":"Will Rainey","startTime":1416.954,"endTime":1417.674,"body":"So they know that."},{"speaker":"Will Rainey","startTime":1417.764,"endTime":1418.994,"body":"So yeah, we've talked to 'em about that."},{"speaker":"Will Rainey","startTime":1418.994,"endTime":1423.932,"body":"We've talked to 'em about other types of"},{"speaker":"Will Rainey","startTime":1418.994,"endTime":1423.932,"body":"investments, crypto and NFTs, et cetera."},{"speaker":"Will Rainey","startTime":1424.142,"endTime":1427.781,"body":"And that's actually been some of my"},{"speaker":"Will Rainey","startTime":1424.142,"endTime":1427.781,"body":"most popular blogs about how to teach"},{"speaker":"Will Rainey","startTime":1427.961,"endTime":1432.701,"body":"children, which is mostly, whilst it's"},{"speaker":"Will Rainey","startTime":1427.961,"endTime":1432.701,"body":"to teach children, most of the adults"},{"speaker":"Will Rainey","startTime":1432.701,"endTime":1435.557,"body":"are going, Actually, it's really useful"},{"speaker":"Will Rainey","startTime":1432.701,"endTime":1435.557,"body":"for me cuz it's doing it in a language."},{"speaker":"Will Rainey","startTime":1435.563,"endTime":1436.817,"body":"It goes very back to basics."},{"speaker":"Will Rainey","startTime":1436.857,"endTime":1440.427,"body":"But ultimately we want 'em just have"},{"speaker":"Will Rainey","startTime":1436.857,"endTime":1440.427,"body":"that core foundation of investing in the"},{"speaker":"Will Rainey","startTime":1440.427,"endTime":1444.477,"body":"stock markets, the most sustainable way"},{"speaker":"Will Rainey","startTime":1440.427,"endTime":1444.477,"body":"to, to grow wealth over the long term."},{"speaker":"Will Rainey","startTime":1444.537,"endTime":1448.377,"body":"And then we're gonna let 'em know that"},{"speaker":"Will Rainey","startTime":1444.537,"endTime":1448.377,"body":"they do have some aspirations, have"},{"speaker":"Will Rainey","startTime":1448.377,"endTime":1453.447,"body":"these purple trees, but not gone into"},{"speaker":"Will Rainey","startTime":1448.377,"endTime":1453.447,"body":"loads of detail given the likelihood"},{"speaker":"Will Rainey","startTime":1453.447,"endTime":1455.037,"body":"of them owning them in the short term."},{"speaker":"Average Joe Finances","startTime":1456.242,"endTime":1456.512,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1456.512,"endTime":1457.104,"body":"No that's great."},{"speaker":"Average Joe Finances","startTime":1457.104,"endTime":1457.824,"body":"And that sounds fun."},{"speaker":"Average Joe Finances","startTime":1457.824,"endTime":1461.074,"body":"Especially, cuz you add the red"},{"speaker":"Average Joe Finances","startTime":1457.824,"endTime":1461.074,"body":"bushes in so they understand what the"},{"speaker":"Average Joe Finances","startTime":1461.074,"endTime":1464.522,"body":"mortgage is and everything and how"},{"speaker":"Average Joe Finances","startTime":1461.074,"endTime":1464.522,"body":"you wanna start trimming those away."},{"speaker":"Average Joe Finances","startTime":1464.569,"endTime":1465.859,"body":"They're pretty much like weeds, right?"},{"speaker":"Average Joe Finances","startTime":1465.859,"endTime":1468.229,"body":"So you wanna be pulling these"},{"speaker":"Average Joe Finances","startTime":1465.859,"endTime":1468.229,"body":"weeds out as you're keeping your"},{"speaker":"Average Joe Finances","startTime":1468.229,"endTime":1469.879,"body":"yard nice and well maintained."},{"speaker":"Average Joe Finances","startTime":1470.239,"endTime":1473.119,"body":"Or keeping that purple tree"},{"speaker":"Average Joe Finances","startTime":1470.239,"endTime":1473.119,"body":"free from all the weeds so it"},{"speaker":"Average Joe Finances","startTime":1473.119,"endTime":1474.319,"body":"doesn't suffocate it too much."},{"speaker":"Average Joe Finances","startTime":1474.354,"endTime":1474.744,"body":"Oh yeah."},{"speaker":"Average Joe Finances","startTime":1474.744,"endTime":1475.134,"body":"I love it."},{"speaker":"Average Joe Finances","startTime":1475.194,"endTime":1475.884,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":1476.304,"endTime":1481.043,"body":"Now, when it comes to like teaching"},{"speaker":"Average Joe Finances","startTime":1476.304,"endTime":1481.043,"body":"your children about financial literacy"},{"speaker":"Average Joe Finances","startTime":1481.043,"endTime":1485.113,"body":"you had mentioned that you give your"},{"speaker":"Average Joe Finances","startTime":1481.043,"endTime":1485.113,"body":"children like an allowance, right?"},{"speaker":"Average Joe Finances","startTime":1485.483,"endTime":1489.267,"body":"From what I understand you call it the"},{"speaker":"Average Joe Finances","startTime":1485.483,"endTime":1489.267,"body":"most underrated financial education tool."},{"speaker":"Average Joe Finances","startTime":1489.537,"endTime":1490.737,"body":"So why is that?"},{"speaker":"Average Joe Finances","startTime":1492.267,"endTime":1492.507,"body":"Yeah."},{"speaker":"Will Rainey","startTime":1492.507,"endTime":1495.897,"body":"So going back to what"},{"speaker":"Will Rainey","startTime":1492.507,"endTime":1495.897,"body":"we talked about start, about money"},{"speaker":"Will Rainey","startTime":1495.897,"endTime":1497.517,"body":"being about habits and behaviors."},{"speaker":"Will Rainey","startTime":1498.452,"endTime":1502.692,"body":"And if they get an allowance every week or"},{"speaker":"Will Rainey","startTime":1498.452,"endTime":1502.692,"body":"month, whatever it may be, but regularly,"},{"speaker":"Will Rainey","startTime":1503.442,"endTime":1508.542,"body":"it allows them to start making money"},{"speaker":"Will Rainey","startTime":1503.442,"endTime":1508.542,"body":"decisions and start to form those habits."},{"speaker":"Will Rainey","startTime":1508.542,"endTime":1510.462,"body":"Cuz again, habits takes practice."},{"speaker":"Will Rainey","startTime":1510.762,"endTime":1513.642,"body":"And if children are only really"},{"speaker":"Will Rainey","startTime":1510.762,"endTime":1513.642,"body":"seeing money on special occasions,"},{"speaker":"Will Rainey","startTime":1513.647,"endTime":1519.021,"body":"like birthdays to ferry any kind of"},{"speaker":"Will Rainey","startTime":1513.647,"endTime":1519.021,"body":"holidays, Then money becomes a bit"},{"speaker":"Will Rainey","startTime":1519.021,"endTime":1521.511,"body":"sporadic and it becomes over excited."},{"speaker":"Will Rainey","startTime":1521.559,"endTime":1525.374,"body":"If you only get money every three months"},{"speaker":"Will Rainey","startTime":1521.559,"endTime":1525.374,"body":"or something and you get, I don't $20,"},{"speaker":"Will Rainey","startTime":1525.374,"endTime":1529.977,"body":"whatever it may be, then you wanna go"},{"speaker":"Will Rainey","startTime":1525.374,"endTime":1529.977,"body":"and spend it cuz it's a novelty, whereas"},{"speaker":"Will Rainey","startTime":1529.977,"endTime":1531.747,"body":"you get it every kind of week then."},{"speaker":"Will Rainey","startTime":1532.472,"endTime":1532.742,"body":"Okay."},{"speaker":"Will Rainey","startTime":1532.742,"endTime":1535.592,"body":"You can still go and spend most of"},{"speaker":"Will Rainey","startTime":1532.742,"endTime":1535.592,"body":"it and have that fun with it, but"},{"speaker":"Will Rainey","startTime":1535.592,"endTime":1539.312,"body":"if you get to save a little bit,"},{"speaker":"Will Rainey","startTime":1535.592,"endTime":1539.312,"body":"it's not really taking away lots"},{"speaker":"Will Rainey","startTime":1539.312,"endTime":1541.172,"body":"of their enjoyment from that money."},{"speaker":"Will Rainey","startTime":1541.592,"endTime":1545.762,"body":"And so having that means that they"},{"speaker":"Will Rainey","startTime":1541.592,"endTime":1545.762,"body":"can form those habits of saving"},{"speaker":"Will Rainey","startTime":1545.762,"endTime":1549.222,"body":"every time, just saving a little bit"},{"speaker":"Will Rainey","startTime":1545.762,"endTime":1549.222,"body":"every time that they get that money."},{"speaker":"Will Rainey","startTime":1550.402,"endTime":1555.359,"body":"And it also allows them to make mistakes"},{"speaker":"Will Rainey","startTime":1550.402,"endTime":1555.359,"body":"so they can go and spend impulsively."},{"speaker":"Will Rainey","startTime":1555.359,"endTime":1558.059,"body":"Even if you are as a parent going,"},{"speaker":"Will Rainey","startTime":1555.359,"endTime":1558.059,"body":"that's a complete waste of money."},{"speaker":"Will Rainey","startTime":1558.059,"endTime":1560.819,"body":"It's junk , it's"},{"speaker":"Will Rainey","startTime":1558.059,"endTime":1560.819,"body":"definitely not worth that."},{"speaker":"Will Rainey","startTime":1561.479,"endTime":1564.119,"body":"They can make that decision"},{"speaker":"Will Rainey","startTime":1561.479,"endTime":1564.119,"body":"they can see for themselves."},{"speaker":"Will Rainey","startTime":1564.119,"endTime":1565.799,"body":"Actually, I wish I"},{"speaker":"Will Rainey","startTime":1564.119,"endTime":1565.799,"body":"hadn't have bought that."},{"speaker":"Will Rainey","startTime":1565.799,"endTime":1566.579,"body":"I haven't used it."},{"speaker":"Will Rainey","startTime":1567.299,"endTime":1570.979,"body":"And it's much better for kids to make"},{"speaker":"Will Rainey","startTime":1567.299,"endTime":1570.979,"body":"those kind of regular small mistakes"},{"speaker":"Will Rainey","startTime":1571.039,"endTime":1574.999,"body":"as children and learn, or if they help"},{"speaker":"Will Rainey","startTime":1571.039,"endTime":1574.999,"body":"parents help learn from those mistakes."},{"speaker":"Will Rainey","startTime":1575.639,"endTime":1578.429,"body":"Such that when they're adults"},{"speaker":"Will Rainey","startTime":1575.639,"endTime":1578.429,"body":"they don't make the same mistakes."},{"speaker":"Will Rainey","startTime":1578.429,"endTime":1582.029,"body":"Cuz clearly what happens is most"},{"speaker":"Will Rainey","startTime":1578.429,"endTime":1582.029,"body":"children never talk about money."},{"speaker":"Will Rainey","startTime":1582.119,"endTime":1583.139,"body":"They get to become adults."},{"speaker":"Will Rainey","startTime":1583.919,"endTime":1587.939,"body":"The amount of money that is"},{"speaker":"Will Rainey","startTime":1583.919,"endTime":1587.939,"body":"involved increases 10 times plus."},{"speaker":"Will Rainey","startTime":1588.359,"endTime":1591.869,"body":"And then they make mistakes and it's so"},{"speaker":"Will Rainey","startTime":1588.359,"endTime":1591.869,"body":"powerful and it makes money depressing."},{"speaker":"Will Rainey","startTime":1591.899,"endTime":1595.329,"body":"They don't wanna think about money cuz of"},{"speaker":"Will Rainey","startTime":1591.899,"endTime":1595.329,"body":"the mistakes, big mistakes they've made."},{"speaker":"Will Rainey","startTime":1595.959,"endTime":1600.058,"body":"Whereas if kids make a little mistake,"},{"speaker":"Will Rainey","startTime":1595.959,"endTime":1600.058,"body":"grant they might have lost $10, $20."},{"speaker":"Will Rainey","startTime":1600.583,"endTime":1601.663,"body":"It's not the end of the world."},{"speaker":"Will Rainey","startTime":1601.813,"endTime":1603.133,"body":"They'll learn from it and move on."},{"speaker":"Will Rainey","startTime":1603.613,"endTime":1605.094,"body":"And so I think that's one."},{"speaker":"Will Rainey","startTime":1605.454,"endTime":1610.643,"body":"The other big piece for me about allowance"},{"speaker":"Will Rainey","startTime":1605.454,"endTime":1610.643,"body":"is taking on financial responsibility."},{"speaker":"Will Rainey","startTime":1611.153,"endTime":1615.473,"body":"So people often ask me, Oh, how much"},{"speaker":"Will Rainey","startTime":1611.153,"endTime":1615.473,"body":"allowance should I give my children?"},{"speaker":"Will Rainey","startTime":1616.238,"endTime":1619.838,"body":"And clearly every family is gonna be"},{"speaker":"Will Rainey","startTime":1616.238,"endTime":1619.838,"body":"completely different about their values"},{"speaker":"Will Rainey","startTime":1619.838,"endTime":1621.818,"body":"or how much they can afford to give."},{"speaker":"Will Rainey","startTime":1622.478,"endTime":1625.368,"body":"Someone told me about this framework, and"},{"speaker":"Will Rainey","startTime":1622.478,"endTime":1625.368,"body":"I think it's fantastic, and  I use it with"},{"speaker":"Will Rainey","startTime":1625.368,"endTime":1629.405,"body":"my kids, is to say when kids are young,"},{"speaker":"Will Rainey","startTime":1625.368,"endTime":1629.405,"body":"they've got no financial responsibility."},{"speaker":"Will Rainey","startTime":1629.41,"endTime":1633.335,"body":"When they get to 18, you want 'em"},{"speaker":"Will Rainey","startTime":1629.41,"endTime":1633.335,"body":"to be pretty much independent,  as"},{"speaker":"Will Rainey","startTime":1633.335,"endTime":1636.335,"body":"much as independent, making as many"},{"speaker":"Will Rainey","startTime":1633.335,"endTime":1636.335,"body":"financial decisions as possible."},{"speaker":"Will Rainey","startTime":1636.875,"endTime":1640.45,"body":"And allowance lets your children"},{"speaker":"Will Rainey","startTime":1636.875,"endTime":1640.45,"body":"take on, slowly take on that."},{"speaker":"Will Rainey","startTime":1640.471,"endTime":1641.791,"body":"Responsibilities, they get older."},{"speaker":"Will Rainey","startTime":1642.151,"endTime":1645.944,"body":"So with my children, we've said we're"},{"speaker":"Will Rainey","startTime":1642.151,"endTime":1645.944,"body":"not going to, we're only gonna buy"},{"speaker":"Will Rainey","startTime":1645.944,"endTime":1648.884,"body":"toys on your birthday and Christmas."},{"speaker":"Will Rainey","startTime":1649.214,"endTime":1652.304,"body":"We're not gonna buy you any toys"},{"speaker":"Will Rainey","startTime":1649.214,"endTime":1652.304,"body":"in between, but we're gonna give"},{"speaker":"Will Rainey","startTime":1652.304,"endTime":1656.414,"body":"you an allowance every week and"},{"speaker":"Will Rainey","startTime":1652.304,"endTime":1656.414,"body":"you can use that money to buy toys."},{"speaker":"Will Rainey","startTime":1657.044,"endTime":1659.652,"body":"And so they know that"},{"speaker":"Will Rainey","startTime":1657.044,"endTime":1659.652,"body":"allowance has a purpose."},{"speaker":"Will Rainey","startTime":1659.652,"endTime":1660.912,"body":"It's to buy these toys."},{"speaker":"Will Rainey","startTime":1661.152,"endTime":1662.245,"body":"And we worked out about right."},{"speaker":"Will Rainey","startTime":1662.245,"endTime":1664.855,"body":"How many toys would we buy"},{"speaker":"Will Rainey","startTime":1662.245,"endTime":1664.855,"body":"over a course of a year?"},{"speaker":"Will Rainey","startTime":1665.155,"endTime":1669.059,"body":"Broadly and then split it into to"},{"speaker":"Will Rainey","startTime":1665.155,"endTime":1669.059,"body":"weekly chunks, and so they can now"},{"speaker":"Will Rainey","startTime":1669.059,"endTime":1672.322,"body":"choose if they have 50  very small toys."},{"speaker":"Will Rainey","startTime":1672.652,"endTime":1675.022,"body":"Or they can start going, Actually,"},{"speaker":"Will Rainey","startTime":1672.652,"endTime":1675.022,"body":"I want a bigger toy, Okay,"},{"speaker":"Will Rainey","startTime":1675.022,"endTime":1676.462,"body":"I'm gonna save up four weeks."},{"speaker":"Will Rainey","startTime":1676.972,"endTime":1681.442,"body":"And then as they get older, we'll give"},{"speaker":"Will Rainey","startTime":1676.972,"endTime":1681.442,"body":"'em a little bit more responsibility and"},{"speaker":"Will Rainey","startTime":1681.442,"endTime":1682.972,"body":"we'll give 'em a bit more of allowance."},{"speaker":"Will Rainey","startTime":1683.032,"endTime":1684.824,"body":"So we might be casual clothes, right?"},{"speaker":"Will Rainey","startTime":1684.824,"endTime":1687.044,"body":"We're not gonna buy you any casual"},{"speaker":"Will Rainey","startTime":1684.824,"endTime":1687.044,"body":"clothes anymore, but we're gonna"},{"speaker":"Will Rainey","startTime":1687.049,"endTime":1689.319,"body":"give you more allowance every week."},{"speaker":"Will Rainey","startTime":1689.409,"endTime":1692.888,"body":"And that is to help you pay for these"},{"speaker":"Will Rainey","startTime":1689.409,"endTime":1692.888,"body":"casual clothes and we'll work out"},{"speaker":"Will Rainey","startTime":1692.978,"endTime":1697.148,"body":"what we think so they can go and buy"},{"speaker":"Will Rainey","startTime":1692.978,"endTime":1697.148,"body":"cheap t-shirts or they can save up"},{"speaker":"Will Rainey","startTime":1697.148,"endTime":1699.008,"body":"and buy, say nicer if they want to."},{"speaker":"Will Rainey","startTime":1699.308,"endTime":1702.43,"body":"And again, as they get older, we'll be"},{"speaker":"Will Rainey","startTime":1699.308,"endTime":1702.43,"body":"say, we're not just gonna sporadically"},{"speaker":"Will Rainey","startTime":1702.43,"endTime":1706.81,"body":"give you money for the cinema, we'll"},{"speaker":"Will Rainey","startTime":1702.43,"endTime":1706.81,"body":"give you a slightly bigger allowance."},{"speaker":"Will Rainey","startTime":1706.81,"endTime":1710.23,"body":"And that would mean you can go to"},{"speaker":"Will Rainey","startTime":1706.81,"endTime":1710.23,"body":"the cinema twice a week or whatever."},{"speaker":"Will Rainey","startTime":1710.23,"endTime":1711.29,"body":"It's with your friends."},{"speaker":"Will Rainey","startTime":1711.46,"endTime":1714.715,"body":"But you might decide not to"},{"speaker":"Will Rainey","startTime":1711.46,"endTime":1714.715,"body":"go to the cinema by so else,"},{"speaker":"Will Rainey","startTime":1714.775,"endTime":1715.885,"body":"that's your prerogative."},{"speaker":"Will Rainey","startTime":1715.912,"endTime":1718.544,"body":"But again, it's just upping"},{"speaker":"Will Rainey","startTime":1715.912,"endTime":1718.544,"body":"the amount of responsibility."},{"speaker":"Will Rainey","startTime":1718.904,"endTime":1721.664,"body":"And then probably when they're,"},{"speaker":"Will Rainey","startTime":1718.904,"endTime":1721.664,"body":"like sometime in, teenagers will"},{"speaker":"Will Rainey","startTime":1721.669,"endTime":1723.68,"body":"say we're gonna give you this"},{"speaker":"Will Rainey","startTime":1721.669,"endTime":1723.68,"body":"responsibility, but we're not"},{"speaker":"Will Rainey","startTime":1723.68,"endTime":1724.88,"body":"gonna give you any more allowance."},{"speaker":"Will Rainey","startTime":1725.18,"endTime":1725.6,"body":"Go figure."},{"speaker":"Will Rainey","startTime":1726.44,"endTime":1729.02,"body":"Go and work out how you can get"},{"speaker":"Will Rainey","startTime":1726.44,"endTime":1729.02,"body":"that money and then that will start"},{"speaker":"Will Rainey","startTime":1729.02,"endTime":1732.843,"body":"introducing the concept of needing"},{"speaker":"Will Rainey","startTime":1729.02,"endTime":1732.843,"body":"to earn some money to pay your way."},{"speaker":"Average Joe Finances","startTime":1733.203,"endTime":1735.022,"body":"Oh introducing"},{"speaker":"Average Joe Finances","startTime":1733.203,"endTime":1735.022,"body":"the concept of real life."},{"speaker":"Average Joe Finances","startTime":1735.129,"endTime":1738.209,"body":"Sometimes you have to take on more"},{"speaker":"Average Joe Finances","startTime":1735.129,"endTime":1738.209,"body":"things and you don't get paid for it."},{"speaker":"Average Joe Finances","startTime":1738.218,"endTime":1739.24,"body":"That's a very good point."},{"speaker":"Average Joe Finances","startTime":1739.24,"endTime":1742.311,"body":"And, it makes me think about, so"},{"speaker":"Average Joe Finances","startTime":1739.24,"endTime":1742.311,"body":"we're coming to a period now where my"},{"speaker":"Average Joe Finances","startTime":1742.311,"endTime":1745.672,"body":"daughter's about to be 13 and We're"},{"speaker":"Average Joe Finances","startTime":1742.311,"endTime":1745.672,"body":"talking about getting her cell phone."},{"speaker":"Average Joe Finances","startTime":1746.092,"endTime":1746.392,"body":"Right."},{"speaker":"Average Joe Finances","startTime":1746.422,"endTime":1750.377,"body":"And we figured, hey, 13 is a good"},{"speaker":"Average Joe Finances","startTime":1746.422,"endTime":1750.377,"body":"age that we feel comfortable doing"},{"speaker":"Average Joe Finances","startTime":1750.377,"endTime":1753.143,"body":"it and we can manage it and make sure"},{"speaker":"Average Joe Finances","startTime":1750.377,"endTime":1753.143,"body":"it's not gonna get outta control."},{"speaker":"Average Joe Finances","startTime":1753.143,"endTime":1757.751,"body":"One of the things that we talked about"},{"speaker":"Average Joe Finances","startTime":1753.143,"endTime":1757.751,"body":"is,  because on our plan to add another"},{"speaker":"Average Joe Finances","startTime":1757.751,"endTime":1759.521,"body":"line, it's like an extra 10 bucks a month."},{"speaker":"Average Joe Finances","startTime":1759.941,"endTime":1763.752,"body":"So we said, Okay, we were gonna"},{"speaker":"Average Joe Finances","startTime":1759.941,"endTime":1763.752,"body":"add her to the plan, but I want"},{"speaker":"Average Joe Finances","startTime":1763.752,"endTime":1765.072,"body":"her to pay the $10 a month."},{"speaker":"Average Joe Finances","startTime":1765.432,"endTime":1767.022,"body":"She's gotta pay her own cell phone bill."},{"speaker":"Average Joe Finances","startTime":1767.112,"endTime":1769.572,"body":"So she'll be doing that"},{"speaker":"Average Joe Finances","startTime":1767.112,"endTime":1769.572,"body":"with her allowance money."},{"speaker":"Average Joe Finances","startTime":1769.572,"endTime":1772.542,"body":"So not only does she have to put"},{"speaker":"Average Joe Finances","startTime":1769.572,"endTime":1772.542,"body":"the money to the side and save"},{"speaker":"Average Joe Finances","startTime":1772.547,"endTime":1775.932,"body":"and then put the money away for"},{"speaker":"Average Joe Finances","startTime":1772.547,"endTime":1775.932,"body":"charity, I want her to pay bills."},{"speaker":"Average Joe Finances","startTime":1775.968,"endTime":1779.688,"body":"So she understands the responsibility"},{"speaker":"Average Joe Finances","startTime":1775.968,"endTime":1779.688,"body":"of what to spend that money on."},{"speaker":"Average Joe Finances","startTime":1780.198,"endTime":1782.718,"body":"Then with whatever she has left"},{"speaker":"Average Joe Finances","startTime":1780.198,"endTime":1782.718,"body":"over, that's the stuff she can go"},{"speaker":"Average Joe Finances","startTime":1782.718,"endTime":1785.574,"body":"out and buy a toy with if she wants,"},{"speaker":"Average Joe Finances","startTime":1782.718,"endTime":1785.574,"body":"or if she wants to buy in like"},{"speaker":"Average Joe Finances","startTime":1785.574,"endTime":1787.164,"body":"Roblocks or something for her game."},{"speaker":"Average Joe Finances","startTime":1787.164,"endTime":1790.914,"body":"This is so she's not blowing it all on"},{"speaker":"Average Joe Finances","startTime":1787.164,"endTime":1790.914,"body":"that stuff because if I don't give her"},{"speaker":"Average Joe Finances","startTime":1790.914,"endTime":1793.974,"body":"some type of bills that she's gonna"},{"speaker":"Average Joe Finances","startTime":1790.914,"endTime":1793.974,"body":"be responsible for, I already know"},{"speaker":"Average Joe Finances","startTime":1793.974,"endTime":1795.294,"body":"what that money's gonna get spent on."},{"speaker":"Average Joe Finances","startTime":1795.297,"endTime":1799.374,"body":"This gives that opportunity right, to"},{"speaker":"Average Joe Finances","startTime":1795.297,"endTime":1799.374,"body":"give her a little more responsibility."},{"speaker":"Average Joe Finances","startTime":1799.374,"endTime":1802.136,"body":"And still like that sense of pride"},{"speaker":"Average Joe Finances","startTime":1799.374,"endTime":1802.136,"body":"when she's able to take care of"},{"speaker":"Average Joe Finances","startTime":1802.136,"endTime":1805.303,"body":"these responsibilities that she"},{"speaker":"Average Joe Finances","startTime":1802.136,"endTime":1805.303,"body":"has and she could do it on her own"},{"speaker":"Average Joe Finances","startTime":1805.483,"endTime":1807.343,"body":"without asking mom or dad for money."},{"speaker":"Average Joe Finances","startTime":1807.343,"endTime":1808.753,"body":"She's doing it with her own money."},{"speaker":"Average Joe Finances","startTime":1808.782,"endTime":1813.162,"body":"And if you give your kids a little bit of"},{"speaker":"Average Joe Finances","startTime":1808.782,"endTime":1813.162,"body":"that self independence, it could really"},{"speaker":"Average Joe Finances","startTime":1813.162,"endTime":1817.872,"body":"carry itself a long way, especially as"},{"speaker":"Average Joe Finances","startTime":1813.162,"endTime":1817.872,"body":"they get older and go into adulthood."},{"speaker":"Average Joe Finances","startTime":1818.477,"endTime":1820.427,"body":"Because it's something"},{"speaker":"Average Joe Finances","startTime":1818.477,"endTime":1820.427,"body":"they've been experiencing now."},{"speaker":"Average Joe Finances","startTime":1820.427,"endTime":1823.157,"body":"They're not experiencing it for"},{"speaker":"Average Joe Finances","startTime":1820.427,"endTime":1823.157,"body":"the first time when they graduate"},{"speaker":"Average Joe Finances","startTime":1823.157,"endTime":1825.957,"body":"high school and they get a job."},{"speaker":"Average Joe Finances","startTime":1826.847,"endTime":1828.197,"body":"And they move out on their own."},{"speaker":"Average Joe Finances","startTime":1828.197,"endTime":1829.817,"body":"And the first time they're"},{"speaker":"Average Joe Finances","startTime":1828.197,"endTime":1829.817,"body":"paying a bill is when they're"},{"speaker":"Average Joe Finances","startTime":1829.817,"endTime":1831.647,"body":"paying their rent payment, right?"},{"speaker":"Average Joe Finances","startTime":1831.827,"endTime":1834.647,"body":"Because mom and dad are still paying their"},{"speaker":"Average Joe Finances","startTime":1831.827,"endTime":1834.647,"body":"cell phone and still paying for their car"},{"speaker":"Average Joe Finances","startTime":1834.647,"endTime":1835.997,"body":"insurance and things like that, right?"},{"speaker":"Average Joe Finances","startTime":1836.047,"endTime":1839.737,"body":"That can be very surprising and alarming"},{"speaker":"Average Joe Finances","startTime":1836.047,"endTime":1839.737,"body":"to some people when they've never been"},{"speaker":"Average Joe Finances","startTime":1839.737,"endTime":1842.617,"body":"in that situation before where they had"},{"speaker":"Average Joe Finances","startTime":1839.737,"endTime":1842.617,"body":"to pay any bills or anything like that."},{"speaker":"Average Joe Finances","startTime":1842.622,"endTime":1846.014,"body":"So I think that's really huge that"},{"speaker":"Average Joe Finances","startTime":1842.622,"endTime":1846.014,"body":"we start trickling these things"},{"speaker":"Average Joe Finances","startTime":1846.014,"endTime":1850.187,"body":"in as they get older to have them"},{"speaker":"Average Joe Finances","startTime":1846.014,"endTime":1850.187,"body":"understand the responsibility"},{"speaker":"Average Joe Finances","startTime":1850.187,"endTime":1852.469,"body":"that comes with an income, right?"},{"speaker":"Average Joe Finances","startTime":1852.519,"endTime":1855.2,"body":"Whether it's an income or"},{"speaker":"Average Joe Finances","startTime":1852.519,"endTime":1855.2,"body":"even if it's passive income."},{"speaker":"Average Joe Finances","startTime":1855.203,"endTime":1858.019,"body":"Cuz if they're getting an allowance,"},{"speaker":"Average Joe Finances","startTime":1855.203,"endTime":1858.019,"body":"most likely it's passive income."},{"speaker":"Average Joe Finances","startTime":1858.079,"endTime":1861.562,"body":"Unless you have them doing chores and"},{"speaker":"Average Joe Finances","startTime":1858.079,"endTime":1861.562,"body":"stuff, which they're doing chores, right?"},{"speaker":"Average Joe Finances","startTime":1861.562,"endTime":1863.793,"body":"They're earning their money, but"},{"speaker":"Average Joe Finances","startTime":1861.562,"endTime":1863.793,"body":"at the same time, I want them to"},{"speaker":"Average Joe Finances","startTime":1863.793,"endTime":1867.478,"body":"know that what they do with their"},{"speaker":"Average Joe Finances","startTime":1863.793,"endTime":1867.478,"body":"money is very important and how they"},{"speaker":"Average Joe Finances","startTime":1867.483,"endTime":1870.218,"body":"spend, it's very important and they"},{"speaker":"Average Joe Finances","startTime":1867.483,"endTime":1870.218,"body":"should be very responsible with it."},{"speaker":"Average Joe Finances","startTime":1870.218,"endTime":1871.333,"body":"That's awesome stuff Will."},{"speaker":"Average Joe Finances","startTime":1871.342,"endTime":1872.062,"body":"Yeah, sure."},{"speaker":"Will Rainey","startTime":1872.722,"endTime":1875.092,"body":"I'd love the fact that you"},{"speaker":"Will Rainey","startTime":1872.722,"endTime":1875.092,"body":"talked about surprises and I think this"},{"speaker":"Will Rainey","startTime":1875.092,"endTime":1879.982,"body":"is, every family hopefully will start"},{"speaker":"Will Rainey","startTime":1875.092,"endTime":1879.982,"body":"doing some different things with money"},{"speaker":"Will Rainey","startTime":1880.132,"endTime":1882.025,"body":"and there's no right or wrong answer."},{"speaker":"Will Rainey","startTime":1882.095,"endTime":1885.155,"body":"As you just talked about chores,"},{"speaker":"Will Rainey","startTime":1882.095,"endTime":1885.155,"body":"some families do chores for"},{"speaker":"Will Rainey","startTime":1885.155,"endTime":1886.625,"body":"pocket allowance and some don't."},{"speaker":"Will Rainey","startTime":1887.015,"endTime":1888.755,"body":"There's no right or wrong, really."},{"speaker":"Will Rainey","startTime":1888.855,"endTime":1890.164,"body":"I have, we have our own view."},{"speaker":"Will Rainey","startTime":1890.233,"endTime":1894.523,"body":"And people, some parents even charge tax"},{"speaker":"Will Rainey","startTime":1890.233,"endTime":1894.523,"body":"on the allowance, et cetera, strategies."},{"speaker":"Will Rainey","startTime":1894.943,"endTime":1895.693,"body":"That's up to them."},{"speaker":"Average Joe Finances","startTime":1895.783,"endTime":1896.473,"body":"I thought about it."},{"speaker":"Will Rainey","startTime":1898.213,"endTime":1901.006,"body":"And it's different views and"},{"speaker":"Will Rainey","startTime":1898.213,"endTime":1901.006,"body":"I think it can all work in that kind of"},{"speaker":"Will Rainey","startTime":1901.006,"endTime":1904.336,"body":"depends on your family, but I think the"},{"speaker":"Will Rainey","startTime":1901.006,"endTime":1904.336,"body":"key piece, and it's about that surprise."},{"speaker":"Will Rainey","startTime":1904.396,"endTime":1908.321,"body":"So when, whenever we change anything"},{"speaker":"Will Rainey","startTime":1904.396,"endTime":1908.321,"body":"with our daughters, We don't just"},{"speaker":"Will Rainey","startTime":1908.321,"endTime":1911.471,"body":"say it right today, we're gonna"},{"speaker":"Will Rainey","startTime":1908.321,"endTime":1911.471,"body":"change and now you're doing this."},{"speaker":"Will Rainey","startTime":1911.591,"endTime":1915.941,"body":"We say to them, At some point we are"},{"speaker":"Will Rainey","startTime":1911.591,"endTime":1915.941,"body":"gonna do something different, so we're"},{"speaker":"Will Rainey","startTime":1915.941,"endTime":1918.351,"body":"gonna give you more allowance and"},{"speaker":"Will Rainey","startTime":1915.941,"endTime":1918.351,"body":"you're gonna have more responsibility."},{"speaker":"Will Rainey","startTime":1918.373,"endTime":1920.383,"body":"And this is the reason"},{"speaker":"Will Rainey","startTime":1918.373,"endTime":1920.383,"body":"why we're gonna do that."},{"speaker":"Will Rainey","startTime":1920.893,"endTime":1925.303,"body":"But we don't do it here and now today cuz"},{"speaker":"Will Rainey","startTime":1920.893,"endTime":1925.303,"body":"children don't like that kind of change,"},{"speaker":"Will Rainey","startTime":1925.303,"endTime":1929.683,"body":"but they can buy into stuff if it's in"},{"speaker":"Will Rainey","startTime":1925.303,"endTime":1929.683,"body":"the future and they know that it's coming."},{"speaker":"Will Rainey","startTime":1929.683,"endTime":1932.435,"body":"So when we do introduce it, they"},{"speaker":"Will Rainey","startTime":1929.683,"endTime":1932.435,"body":"understand it and they know it's coming."},{"speaker":"Will Rainey","startTime":1932.474,"endTime":1935.954,"body":"Whereas I think you've heard some"},{"speaker":"Will Rainey","startTime":1932.474,"endTime":1935.954,"body":"horror stories where parents just go"},{"speaker":"Will Rainey","startTime":1936.046,"endTime":1938.656,"body":"we've just read this blog and Right,"},{"speaker":"Will Rainey","startTime":1936.046,"endTime":1938.656,"body":"we're gonna change everything about"},{"speaker":"Will Rainey","startTime":1938.656,"endTime":1940.066,"body":"what we do with our family finances."},{"speaker":"Will Rainey","startTime":1940.124,"endTime":1942.544,"body":"Kids, you've now gotta go and"},{"speaker":"Will Rainey","startTime":1940.124,"endTime":1942.544,"body":"mow the lawn and you're gonna get"},{"speaker":"Will Rainey","startTime":1942.549,"endTime":1945.034,"body":"an allowance and we're not gonna"},{"speaker":"Will Rainey","startTime":1942.549,"endTime":1945.034,"body":"buy this, that, or the other."},{"speaker":"Will Rainey","startTime":1945.484,"endTime":1948.484,"body":"And it's just the kid, they just get into"},{"speaker":"Will Rainey","startTime":1945.484,"endTime":1948.484,"body":"a massive argument and the kids hate it."},{"speaker":"Will Rainey","startTime":1948.924,"endTime":1952.684,"body":"Whereas if you teach them in the say"},{"speaker":"Will Rainey","startTime":1948.924,"endTime":1952.684,"body":"we're gonna change it and this is why we"},{"speaker":"Will Rainey","startTime":1952.684,"endTime":1955.084,"body":"wanna give you more responsibility, so"},{"speaker":"Will Rainey","startTime":1952.684,"endTime":1955.084,"body":"when you're an adult, blah, blah, blah."},{"speaker":"Will Rainey","startTime":1955.124,"endTime":1956.624,"body":"So I think that word surprises."},{"speaker":"Will Rainey","startTime":1956.834,"endTime":1960.51,"body":"And the other thing on that is I"},{"speaker":"Will Rainey","startTime":1956.834,"endTime":1960.51,"body":"know a lot of parents or families who"},{"speaker":"Will Rainey","startTime":1960.515,"endTime":1966.21,"body":"are saving money to give their kids"},{"speaker":"Will Rainey","startTime":1960.515,"endTime":1966.21,"body":"when they're 18 or 21, whatever it."},{"speaker":"Will Rainey","startTime":1966.73,"endTime":1968.529,"body":"And but they're not telling"},{"speaker":"Will Rainey","startTime":1966.73,"endTime":1968.529,"body":"their kids about it."},{"speaker":"Will Rainey","startTime":1969.669,"endTime":1972.309,"body":"And so they're like, Cause"},{"speaker":"Will Rainey","startTime":1969.669,"endTime":1972.309,"body":"they don't want their kids to"},{"speaker":"Will Rainey","startTime":1972.309,"endTime":1973.732,"body":"be entitled, blah, blah, blah."},{"speaker":"Will Rainey","startTime":1973.755,"endTime":1978.465,"body":"But my fear is that if you give a child"},{"speaker":"Will Rainey","startTime":1973.755,"endTime":1978.465,"body":"an 18 year old, a big cash, and they have"},{"speaker":"Will Rainey","startTime":1978.465,"endTime":1983.715,"body":"no foresight of it, they're just gonna see"},{"speaker":"Will Rainey","startTime":1978.465,"endTime":1983.715,"body":"it as like the lottery win . And we know"},{"speaker":"Will Rainey","startTime":1983.715,"endTime":1985.485,"body":"how good lottery winners are with money."},{"speaker":"Will Rainey","startTime":1985.605,"endTime":1987.075,"body":"They're just gonna feel this."},{"speaker":"Will Rainey","startTime":1987.075,"endTime":1989.485,"body":"They  don't where it's come"},{"speaker":"Will Rainey","startTime":1987.075,"endTime":1989.485,"body":"from and they're gonna get"},{"speaker":"Will Rainey","startTime":1989.515,"endTime":1990.535,"body":"overexcited and spend it."},{"speaker":"Will Rainey","startTime":1990.895,"endTime":1995.395,"body":"And so parents who are saving for their"},{"speaker":"Will Rainey","startTime":1990.895,"endTime":1995.395,"body":"kids, I strongly recommend that you"},{"speaker":"Will Rainey","startTime":1995.395,"endTime":1999.355,"body":"let your kids know about it so they"},{"speaker":"Will Rainey","startTime":1995.395,"endTime":1999.355,"body":"can start as early as possible planning"},{"speaker":"Will Rainey","startTime":1999.36,"endTime":2000.345,"body":"what they're gonna do with that money."},{"speaker":"Will Rainey","startTime":2000.375,"endTime":2004.015,"body":"And those plans can be changed and"},{"speaker":"Will Rainey","startTime":2000.375,"endTime":2004.015,"body":"ordered, but the more you plan for"},{"speaker":"Will Rainey","startTime":2004.335,"endTime":2007.725,"body":"it, the less likely it's gonna be"},{"speaker":"Will Rainey","startTime":2004.335,"endTime":2007.725,"body":"wasted in an impulsive kind of way."},{"speaker":"Average Joe Finances","startTime":2008.235,"endTime":2008.378,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2008.405,"endTime":2009.575,"body":"That is a fantastic point."},{"speaker":"Average Joe Finances","startTime":2009.575,"endTime":2012.065,"body":"As a matter of fact, it, that is"},{"speaker":"Average Joe Finances","startTime":2009.575,"endTime":2012.065,"body":"something I actually do with my kids."},{"speaker":"Average Joe Finances","startTime":2012.095,"endTime":2012.66,"body":"I explain to."},{"speaker":"Average Joe Finances","startTime":2012.703,"endTime":2014.653,"body":"This is how much money"},{"speaker":"Average Joe Finances","startTime":2012.703,"endTime":2014.653,"body":"that's saved in here."},{"speaker":"Average Joe Finances","startTime":2014.653,"endTime":2017.903,"body":"This is what it's invested in"},{"speaker":"Average Joe Finances","startTime":2014.653,"endTime":2017.903,"body":"and, this is how it's going."},{"speaker":"Average Joe Finances","startTime":2017.903,"endTime":2021.173,"body":"As a matter of fact, I recently had"},{"speaker":"Average Joe Finances","startTime":2017.903,"endTime":2021.173,"body":"to explain to them how much they lost."},{"speaker":"Average Joe Finances","startTime":2021.222,"endTime":2022.482,"body":"As things have been dropping."},{"speaker":"Average Joe Finances","startTime":2022.482,"endTime":2023.972,"body":"But I said, don't worry, don't fret."},{"speaker":"Average Joe Finances","startTime":2024.024,"endTime":2025.737,"body":"As you would say, the trees grow back."},{"speaker":"Average Joe Finances","startTime":2025.75,"endTime":2027.822,"body":"Those branches will mend"},{"speaker":"Average Joe Finances","startTime":2025.75,"endTime":2027.822,"body":"and they'll grow back."},{"speaker":"Average Joe Finances","startTime":2027.822,"endTime":2031.06,"body":"I haven't explained it to 'em in that"},{"speaker":"Average Joe Finances","startTime":2027.822,"endTime":2031.06,"body":"way, but I think I'm gonna start talking"},{"speaker":"Average Joe Finances","startTime":2031.06,"endTime":2032.35,"body":"to them about the seeds in the trees."},{"speaker":"Average Joe Finances","startTime":2032.378,"endTime":2034.637,"body":"I think that is just so much more genuine."},{"speaker":"Average Joe Finances","startTime":2034.768,"endTime":2038.458,"body":"Like I told you before, I'm really excited"},{"speaker":"Average Joe Finances","startTime":2034.768,"endTime":2038.458,"body":"to read this book to them and make it part"},{"speaker":"Average Joe Finances","startTime":2038.458,"endTime":2041.848,"body":"of their financial literacy curriculum"},{"speaker":"Average Joe Finances","startTime":2038.458,"endTime":2041.848,"body":"cuz you know, we homeschool our kids, so"},{"speaker":"Average Joe Finances","startTime":2041.853,"endTime":2045.192,"body":"I think it's part of their homeschooling"},{"speaker":"Average Joe Finances","startTime":2041.853,"endTime":2045.192,"body":"is learning financial literacy."},{"speaker":"Average Joe Finances","startTime":2045.192,"endTime":2045.902,"body":"I think that's huge."},{"speaker":"Average Joe Finances","startTime":2045.902,"endTime":2048.295,"body":"And then the other thing too,"},{"speaker":"Average Joe Finances","startTime":2045.902,"endTime":2048.295,"body":"like you said you don't just wanna"},{"speaker":"Average Joe Finances","startTime":2048.3,"endTime":2051.325,"body":"spring a big surprise in them,"},{"speaker":"Average Joe Finances","startTime":2048.3,"endTime":2051.325,"body":"let them know something's coming."},{"speaker":"Average Joe Finances","startTime":2051.358,"endTime":2054.225,"body":"Because in the real world, yes, sometimes"},{"speaker":"Average Joe Finances","startTime":2051.358,"endTime":2054.225,"body":"you'll have something just sprung on"},{"speaker":"Average Joe Finances","startTime":2054.225,"endTime":2055.455,"body":"you and you gotta react right away."},{"speaker":"Average Joe Finances","startTime":2055.455,"endTime":2059.063,"body":"But most of the time you can foresee"},{"speaker":"Average Joe Finances","startTime":2055.455,"endTime":2059.063,"body":"a couple things coming, like it, like"},{"speaker":"Average Joe Finances","startTime":2059.068,"endTime":2060.683,"body":"changes at work and things like that."},{"speaker":"Average Joe Finances","startTime":2060.683,"endTime":2063.083,"body":"And you have time to prepare"},{"speaker":"Average Joe Finances","startTime":2060.683,"endTime":2063.083,"body":"and get ready for that."},{"speaker":"Average Joe Finances","startTime":2063.083,"endTime":2066.408,"body":"So make it realistic for your kids"},{"speaker":"Average Joe Finances","startTime":2063.083,"endTime":2066.408,"body":"that they have time  to understand."},{"speaker":"Average Joe Finances","startTime":2066.408,"endTime":2067.657,"body":"And because that's a very good point."},{"speaker":"Average Joe Finances","startTime":2067.657,"endTime":2071.349,"body":"If you just try to drop something"},{"speaker":"Average Joe Finances","startTime":2067.657,"endTime":2071.349,"body":"on them it's not gonna bode well."},{"speaker":"Average Joe Finances","startTime":2071.409,"endTime":2073.525,"body":"And you need to sit down"},{"speaker":"Average Joe Finances","startTime":2071.409,"endTime":2073.525,"body":"and have that conversation."},{"speaker":"Average Joe Finances","startTime":2073.525,"endTime":2075.445,"body":"I'd just be like, Surprise,"},{"speaker":"Average Joe Finances","startTime":2073.525,"endTime":2075.445,"body":"here's what we're doing now."},{"speaker":"Average Joe Finances","startTime":2075.567,"endTime":2079.181,"body":"in some aspects, that could work for"},{"speaker":"Average Joe Finances","startTime":2075.567,"endTime":2079.181,"body":"certain things, but not for something."},{"speaker":"Average Joe Finances","startTime":2079.181,"endTime":2081.191,"body":"If you're gonna be telling that you're"},{"speaker":"Average Joe Finances","startTime":2079.181,"endTime":2081.191,"body":"gonna be taking some of their money"},{"speaker":"Average Joe Finances","startTime":2081.191,"endTime":2084.341,"body":"away or you're gonna be giving them"},{"speaker":"Average Joe Finances","startTime":2081.191,"endTime":2084.341,"body":"more responsibilities, trust me, kids"},{"speaker":"Average Joe Finances","startTime":2084.346,"endTime":2087.491,"body":"would rather play more games than do"},{"speaker":"Average Joe Finances","startTime":2084.346,"endTime":2087.491,"body":"more responsibilities, especially when"},{"speaker":"Average Joe Finances","startTime":2087.491,"endTime":2088.507,"body":"it comes to stuff around the house."},{"speaker":"Average Joe Finances","startTime":2088.507,"endTime":2091.095,"body":"That's a very fair point, and"},{"speaker":"Average Joe Finances","startTime":2088.507,"endTime":2091.095,"body":"I'm glad you brought that up."},{"speaker":"Average Joe Finances","startTime":2091.515,"endTime":2094.155,"body":"Now I'd like to transition this"},{"speaker":"Average Joe Finances","startTime":2091.515,"endTime":2094.155,"body":"a little bit into something"},{"speaker":"Average Joe Finances","startTime":2094.155,"endTime":2095.385,"body":"that we call the final round."},{"speaker":"Average Joe Finances","startTime":2095.665,"endTime":2099.055,"body":"And this is gonna touch a little bit"},{"speaker":"Average Joe Finances","startTime":2095.665,"endTime":2099.055,"body":"more about you personally Will, and"},{"speaker":"Average Joe Finances","startTime":2099.055,"endTime":2102.537,"body":"your own journey as you've gotten to"},{"speaker":"Average Joe Finances","startTime":2099.055,"endTime":2102.537,"body":"the point where you are right now."},{"speaker":"Average Joe Finances","startTime":2102.537,"endTime":2105.797,"body":"So I'm pretty excited for this point"},{"speaker":"Average Joe Finances","startTime":2102.537,"endTime":2105.797,"body":"because it sounds like you've done some"},{"speaker":"Average Joe Finances","startTime":2105.797,"endTime":2109.757,"body":"amazing things throughout your time and"},{"speaker":"Average Joe Finances","startTime":2105.797,"endTime":2109.757,"body":"just in your journey in life in general."},{"speaker":"Average Joe Finances","startTime":2109.824,"endTime":2112.902,"body":"And now living in Thailand after"},{"speaker":"Average Joe Finances","startTime":2109.824,"endTime":2112.902,"body":"where were you at before Vietnam?"},{"speaker":"Average Joe Finances","startTime":2112.902,"endTime":2115.696,"body":"Just being able to live in these different"},{"speaker":"Average Joe Finances","startTime":2112.902,"endTime":2115.696,"body":"areas and immerse yourself in these"},{"speaker":"Average Joe Finances","startTime":2115.696,"endTime":2119.439,"body":"different cultures, you have a very"},{"speaker":"Average Joe Finances","startTime":2115.696,"endTime":2119.439,"body":"exciting story and a very exciting life"},{"speaker":"Average Joe Finances","startTime":2119.439,"endTime":2120.759,"body":"that you're given to your families."},{"speaker":"Average Joe Finances","startTime":2120.759,"endTime":2121.449,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":2121.749,"endTime":2124.089,"body":"So if you're ready to go, we'll"},{"speaker":"Average Joe Finances","startTime":2121.749,"endTime":2124.089,"body":"get the final round started."},{"speaker":"Will Rainey","startTime":2124.619,"endTime":2124.819,"body":"Yep."},{"speaker":"Average Joe Finances","startTime":2125.079,"endTime":2125.289,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2125.289,"endTime":2125.829,"body":"Let's do it."},{"speaker":"Average Joe Finances","startTime":2126.099,"endTime":2126.279,"body":"All right."},{"speaker":"Average Joe Finances","startTime":2126.279,"endTime":2130.339,"body":"So the first question is, what's the"},{"speaker":"Average Joe Finances","startTime":2126.279,"endTime":2130.339,"body":"biggest mistake you've ever made?"},{"speaker":"Will Rainey","startTime":2130.339,"endTime":2133.276,"body":"So I think if, again,"},{"speaker":"Will Rainey","startTime":2130.339,"endTime":2133.276,"body":"I'll talk about in money terms cuz I"},{"speaker":"Will Rainey","startTime":2133.276,"endTime":2136.936,"body":"think I, when I first started earning,"},{"speaker":"Will Rainey","startTime":2133.276,"endTime":2136.936,"body":"I got a bit like everyone else."},{"speaker":"Will Rainey","startTime":2136.936,"endTime":2140.386,"body":"I got overexcited about having"},{"speaker":"Will Rainey","startTime":2136.936,"endTime":2140.386,"body":"some money and so I actually bought"},{"speaker":"Will Rainey","startTime":2140.386,"endTime":2144.226,"body":"some kind of expensive watches"},{"speaker":"Will Rainey","startTime":2140.386,"endTime":2144.226,"body":"and at the time I loved them."},{"speaker":"Will Rainey","startTime":2144.286,"endTime":2145.636,"body":"I felt l lived."},{"speaker":"Will Rainey","startTime":2145.726,"endTime":2147.792,"body":"Look at me I'm an, actually,"},{"speaker":"Will Rainey","startTime":2145.726,"endTime":2147.792,"body":"I got earned some money."},{"speaker":"Will Rainey","startTime":2148.702,"endTime":2151.852,"body":"And I got these watches"},{"speaker":"Will Rainey","startTime":2148.702,"endTime":2151.852,"body":"and they're expensive."},{"speaker":"Will Rainey","startTime":2151.852,"endTime":2154.222,"body":"They're super expensive to"},{"speaker":"Will Rainey","startTime":2151.852,"endTime":2154.222,"body":"maintain as well cause you have"},{"speaker":"Will Rainey","startTime":2154.222,"endTime":2155.182,"body":"to go and get them serviced."},{"speaker":"Will Rainey","startTime":2155.902,"endTime":2159.404,"body":"And now I don't ever wear them cuz I'm"},{"speaker":"Will Rainey","startTime":2155.902,"endTime":2159.404,"body":"don't wanna walk, You don't walk around in"},{"speaker":"Will Rainey","startTime":2159.404,"endTime":2162.929,"body":"Vietnam and Thailand with very expensive"},{"speaker":"Will Rainey","startTime":2159.404,"endTime":2162.929,"body":"watches on cuz generally wear a watch."},{"speaker":"Will Rainey","startTime":2162.929,"endTime":2164.349,"body":"And I just wear a sports watch now."},{"speaker":"Will Rainey","startTime":2164.349,"endTime":2167.244,"body":"And now I wish I was looking back on"},{"speaker":"Will Rainey","startTime":2164.349,"endTime":2167.244,"body":"that and going, why did I buy them?"},{"speaker":"Will Rainey","startTime":2167.244,"endTime":2169.928,"body":"Was it for me or was it for"},{"speaker":"Will Rainey","startTime":2167.244,"endTime":2169.928,"body":"everyone else, and feel that"},{"speaker":"Will Rainey","startTime":2170.378,"endTime":2171.651,"body":"I was shying off a little bit."},{"speaker":"Will Rainey","startTime":2172.041,"endTime":2176.585,"body":"felt that it was keeping up the Joneses"},{"speaker":"Will Rainey","startTime":2172.041,"endTime":2176.585,"body":"my way of saying, Look I'm doing well, but"},{"speaker":"Will Rainey","startTime":2176.585,"endTime":2181.056,"body":"actually, yeah, I wish I hadn't done that"},{"speaker":"Will Rainey","startTime":2176.585,"endTime":2181.056,"body":"and just saved that money and had that"},{"speaker":"Will Rainey","startTime":2181.086,"endTime":2184.963,"body":"money and kind of invested and didn't do"},{"speaker":"Will Rainey","startTime":2181.086,"endTime":2184.963,"body":"it, do more for myself, even if I'd gone"},{"speaker":"Will Rainey","startTime":2184.963,"endTime":2186.703,"body":"on fancy holidays or something like that."},{"speaker":"Will Rainey","startTime":2187.303,"endTime":2188.458,"body":"I think that's one of bit I."},{"speaker":"Will Rainey","startTime":2188.698,"endTime":2191.462,"body":"I wish, cause I hadn't, wouldn't"},{"speaker":"Will Rainey","startTime":2188.698,"endTime":2191.462,"body":"get money back from 'em anyway,"},{"speaker":"Will Rainey","startTime":2191.462,"endTime":2193.142,"body":"near as much as I paid for them."},{"speaker":"Will Rainey","startTime":2193.532,"endTime":2197.401,"body":"So I think, yeah, that's my biggest"},{"speaker":"Will Rainey","startTime":2193.532,"endTime":2197.401,"body":"kind of financial mistake that I've made"},{"speaker":". Average Joe Finances","startTime":2198.181,"endTime":2198.571,"body":"Yeah."},{"speaker":". Average Joe Finances","startTime":2198.576,"endTime":2199.337,"body":"Yeah that's a good point."},{"speaker":". Average Joe Finances","startTime":2199.397,"endTime":2202.472,"body":"But, it depends though, cuz some"},{"speaker":". Average Joe Finances","startTime":2199.397,"endTime":2202.472,"body":"of those collectible watches"},{"speaker":". Average Joe Finances","startTime":2202.553,"endTime":2204.173,"body":"do go up in value over time."},{"speaker":". Average Joe Finances","startTime":2204.173,"endTime":2206.576,"body":"So for example, A couple"},{"speaker":". Average Joe Finances","startTime":2204.173,"endTime":2206.576,"body":"different versions of Rolex."},{"speaker":". Average Joe Finances","startTime":2206.65,"endTime":2209.83,"body":"Some people buy them actually"},{"speaker":". Average Joe Finances","startTime":2206.65,"endTime":2209.83,"body":"as an investment, so you might"},{"speaker":". Average Joe Finances","startTime":2209.83,"endTime":2212.41,"body":"wanna check to see how much some"},{"speaker":". Average Joe Finances","startTime":2209.83,"endTime":2212.41,"body":"of those watches might be worth."},{"speaker":". Average Joe Finances","startTime":2212.41,"endTime":2214.826,"body":"Now you might be able to sell"},{"speaker":". Average Joe Finances","startTime":2212.41,"endTime":2214.826,"body":"them now at this point and invest"},{"speaker":". Average Joe Finances","startTime":2214.826,"endTime":2215.966,"body":"that money into something else."},{"speaker":"Will Rainey","startTime":2216.701,"endTime":2216.971,"body":"Yeah."},{"speaker":"Will Rainey","startTime":2216.971,"endTime":2217.841,"body":"So I think that's kinda key."},{"speaker":"Will Rainey","startTime":2218.501,"endTime":2221.651,"body":"So I don't want people put off all"},{"speaker":"Will Rainey","startTime":2218.501,"endTime":2221.651,"body":"spending cuz, but I think it's why"},{"speaker":"Will Rainey","startTime":2221.651,"endTime":2223.181,"body":"you've bought them and I think at time,"},{"speaker":"Average Joe Finances","startTime":2223.211,"endTime":2224.231,"body":"Yeah, absolutely."},{"speaker":"Will Rainey","startTime":2224.255,"endTime":2225.287,"body":"I didn't"},{"speaker":"Will Rainey","startTime":2224.255,"endTime":2225.287,"body":"buy them for investment."},{"speaker":"Will Rainey","startTime":2225.292,"endTime":2226.097,"body":"I wasn't trying to be clever."},{"speaker":"Will Rainey","startTime":2226.097,"endTime":2230.147,"body":"I was trying to be showing I"},{"speaker":"Will Rainey","startTime":2226.097,"endTime":2230.147,"body":"that's, Yeah, I think that, Yep."},{"speaker":"Average Joe Finances","startTime":2230.177,"endTime":2231.054,"body":"No that's a great point."},{"speaker":"Average Joe Finances","startTime":2231.054,"endTime":2233.346,"body":"Cause, and a lot of people that"},{"speaker":"Average Joe Finances","startTime":2231.054,"endTime":2233.346,"body":"when they start getting to a point"},{"speaker":"Average Joe Finances","startTime":2233.346,"endTime":2235.836,"body":"where they're, they have a, they're"},{"speaker":"Average Joe Finances","startTime":2233.346,"endTime":2235.836,"body":"getting a higher income or they're"},{"speaker":"Average Joe Finances","startTime":2235.836,"endTime":2238.566,"body":"starting to make a little bit of"},{"speaker":"Average Joe Finances","startTime":2235.836,"endTime":2238.566,"body":"money and they think, Oh, okay, I need"},{"speaker":"Average Joe Finances","startTime":2238.566,"endTime":2242.267,"body":"this to, to prove to everybody else"},{"speaker":"Average Joe Finances","startTime":2238.566,"endTime":2242.267,"body":"that, that this is what I'm doing."},{"speaker":"Average Joe Finances","startTime":2242.297,"endTime":2243.737,"body":"And you, realistically,"},{"speaker":"Average Joe Finances","startTime":2242.297,"endTime":2243.737,"body":"you don't need to do that."},{"speaker":"Average Joe Finances","startTime":2243.77,"endTime":2246.296,"body":"If you just spent that on something"},{"speaker":"Average Joe Finances","startTime":2243.77,"endTime":2246.296,"body":"else maybe instead of buying the"},{"speaker":"Average Joe Finances","startTime":2246.296,"endTime":2249.155,"body":"Rolex, you invested the money in"},{"speaker":"Average Joe Finances","startTime":2246.296,"endTime":2249.155,"body":"the, in, in the company itself."},{"speaker":"Average Joe Finances","startTime":2249.155,"endTime":2252.756,"body":"Or instead of going buying the brand"},{"speaker":"Average Joe Finances","startTime":2249.155,"endTime":2252.756,"body":"new iPad, you go and take that money"},{"speaker":"Average Joe Finances","startTime":2252.756,"endTime":2256.806,"body":"that you would've invested to buy the"},{"speaker":"Average Joe Finances","startTime":2252.756,"endTime":2256.806,"body":"iPad and invest it in the stock in Apple"},{"speaker":"Average Joe Finances","startTime":2256.806,"endTime":2259.206,"body":"stock, and then go buy a used one maybe."},{"speaker":"Average Joe Finances","startTime":2259.27,"endTime":2261.077,"body":"Maybe that's just something"},{"speaker":"Average Joe Finances","startTime":2259.27,"endTime":2261.077,"body":"to think about as well."},{"speaker":"Average Joe Finances","startTime":2261.151,"endTime":2261.421,"body":"All right."},{"speaker":"Average Joe Finances","startTime":2261.421,"endTime":2261.821,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2261.838,"endTime":2265.879,"body":"This all kind of ties into what the next"},{"speaker":"Average Joe Finances","startTime":2261.838,"endTime":2265.879,"body":"question is, and throughout your time,"},{"speaker":"Average Joe Finances","startTime":2265.879,"endTime":2269.879,"body":"I'm sure you've learned quite a bit"},{"speaker":"Average Joe Finances","startTime":2265.879,"endTime":2269.879,"body":"especially, during these transitions as"},{"speaker":"Average Joe Finances","startTime":2269.879,"endTime":2271.454,"body":"you've moved to different countries now."},{"speaker":"Average Joe Finances","startTime":2271.473,"endTime":2274.473,"body":"What is something that you've"},{"speaker":"Average Joe Finances","startTime":2271.473,"endTime":2274.473,"body":"learned that you wish you knew"},{"speaker":"Average Joe Finances","startTime":2274.473,"endTime":2275.973,"body":"when you first got started?"},{"speaker":"Will Rainey","startTime":2276.828,"endTime":2277.318,"body":"Okay."},{"speaker":"Will Rainey","startTime":2277.698,"endTime":2281.878,"body":"And I think it's very similar to I was"},{"speaker":"Will Rainey","startTime":2277.698,"endTime":2281.878,"body":"one, it's about, so moving to Vietnam"},{"speaker":"Will Rainey","startTime":2282.508,"endTime":2286.588,"body":"was just a game changer in terms of"},{"speaker":"Will Rainey","startTime":2282.508,"endTime":2286.588,"body":"kind of my mindset towards money."},{"speaker":"Will Rainey","startTime":2286.588,"endTime":2291.478,"body":"So I say I've worked in the financial"},{"speaker":"Will Rainey","startTime":2286.588,"endTime":2291.478,"body":"industry, I've worked in London, in Hong"},{"speaker":"Will Rainey","startTime":2291.478,"endTime":2295.438,"body":"Kong, where there's just a whole amount"},{"speaker":"Will Rainey","startTime":2291.478,"endTime":2295.438,"body":"of abundance of people spending lots."},{"speaker":"Will Rainey","startTime":2295.533,"endTime":2298.443,"body":"And in Vietnam, People don't have as much."},{"speaker":"Will Rainey","startTime":2299.163,"endTime":2304.43,"body":"It's a developing country and we got to"},{"speaker":"Will Rainey","startTime":2299.163,"endTime":2304.43,"body":"meet so many Vietnamese families and get"},{"speaker":"Will Rainey","startTime":2304.43,"endTime":2306.02,"body":"involved in their kind of daily lives."},{"speaker":"Will Rainey","startTime":2306.53,"endTime":2310.58,"body":"And there are some of the friendliest,"},{"speaker":"Will Rainey","startTime":2306.53,"endTime":2310.58,"body":"kindest people I've ever met."},{"speaker":"Will Rainey","startTime":2310.64,"endTime":2315.108,"body":"Like we had, we're like the foreigners"},{"speaker":"Will Rainey","startTime":2310.64,"endTime":2315.108,"body":"and there was a big sort of storm coming"},{"speaker":"Will Rainey","startTime":2315.108,"endTime":2319.53,"body":"one day and amount of people came to"},{"speaker":"Will Rainey","startTime":2315.108,"endTime":2319.53,"body":"our house to make sure we taped up our"},{"speaker":"Will Rainey","startTime":2319.53,"endTime":2322.963,"body":"windows and were okay, they obviously"},{"speaker":"Will Rainey","startTime":2319.53,"endTime":2322.963,"body":"thought these foreigners have no idea"},{"speaker":"Will Rainey","startTime":2323.683,"endTime":2326.053,"body":"what's coming in terms of storm makers."},{"speaker":"Will Rainey","startTime":2326.473,"endTime":2331.693,"body":"But the key bit for me was that you don't"},{"speaker":"Will Rainey","startTime":2326.473,"endTime":2331.693,"body":"need loads of money to be happy and it"},{"speaker":"Will Rainey","startTime":2331.693,"endTime":2336.228,"body":"really hit home more than you hear that"},{"speaker":"Will Rainey","startTime":2331.693,"endTime":2336.228,"body":"and different people talk about it,"},{"speaker":"Will Rainey","startTime":2336.228,"endTime":2340.968,"body":"but that life experience of actually"},{"speaker":"Will Rainey","startTime":2336.228,"endTime":2340.968,"body":"seeing that these families were fun."},{"speaker":"Will Rainey","startTime":2341.088,"endTime":2344.717,"body":"Like we had the most amount of fun just"},{"speaker":"Will Rainey","startTime":2341.088,"endTime":2344.717,"body":"when they had they have a Vietnamese"},{"speaker":"Will Rainey","startTime":2344.717,"endTime":2349.243,"body":"new year called Tết and just all their"},{"speaker":"Will Rainey","startTime":2344.717,"endTime":2349.243,"body":"family around loads of food bits."},{"speaker":"Will Rainey","startTime":2349.287,"endTime":2350.628,"body":"But it's all no thrills."},{"speaker":"Will Rainey","startTime":2350.688,"endTime":2353.958,"body":"It's just good food, good"},{"speaker":"Will Rainey","startTime":2350.688,"endTime":2353.958,"body":"company sitting on plastic"},{"speaker":"Will Rainey","startTime":2353.958,"endTime":2355.719,"body":"stores on a sort of metal table."},{"speaker":"Will Rainey","startTime":2356.439,"endTime":2358.689,"body":"But it's the most fun"},{"speaker":"Will Rainey","startTime":2356.439,"endTime":2358.689,"body":"and they're all so happy."},{"speaker":"Will Rainey","startTime":2359.454,"endTime":2362.724,"body":"And so I think it was a great experience"},{"speaker":"Will Rainey","startTime":2359.454,"endTime":2362.724,"body":"for my daughters again, from, especially"},{"speaker":"Will Rainey","startTime":2362.724,"endTime":2366.042,"body":"going from Hong Kong where you are paying,"},{"speaker":"Will Rainey","startTime":2362.724,"endTime":2366.042,"body":"like going for like a pizza meal and"},{"speaker":"Will Rainey","startTime":2366.042,"endTime":2370.212,"body":"paying sort of 60 US dollars equivalent"},{"speaker":"Will Rainey","startTime":2366.042,"endTime":2370.212,"body":"and you're like, Oh, that's just a plan."},{"speaker":"Will Rainey","startTime":2370.422,"endTime":2373.062,"body":"Whereas, and that I didn't want"},{"speaker":"Will Rainey","startTime":2370.422,"endTime":2373.062,"body":"that to be there, just like their"},{"speaker":"Will Rainey","startTime":2373.062,"endTime":2376.842,"body":"expectation of life and they've just"},{"speaker":"Will Rainey","startTime":2373.062,"endTime":2376.842,"body":"seen this whole other side of the world."},{"speaker":"Will Rainey","startTime":2376.909,"endTime":2381.3,"body":"So yeah, really understanding that you"},{"speaker":"Will Rainey","startTime":2376.909,"endTime":2381.3,"body":"don't need loads of money to be happy."},{"speaker":"Will Rainey","startTime":2381.87,"endTime":2382.17,"body":"Clearly."},{"speaker":"Will Rainey","startTime":2382.17,"endTime":2383.07,"body":"You have to have some."},{"speaker":"Will Rainey","startTime":2383.1,"endTime":2383.61,"body":"And why?"},{"speaker":"Will Rainey","startTime":2383.64,"endTime":2386.01,"body":"Teaching my kids about"},{"speaker":"Will Rainey","startTime":2383.64,"endTime":2386.01,"body":"looking after their money."},{"speaker":"Will Rainey","startTime":2386.455,"endTime":2388.405,"body":"But it's not so that"},{"speaker":"Will Rainey","startTime":2386.455,"endTime":2388.405,"body":"they have loads of stuff."},{"speaker":"Will Rainey","startTime":2388.405,"endTime":2393.537,"body":"It's to have opportunities to, to do"},{"speaker":"Will Rainey","startTime":2388.405,"endTime":2393.537,"body":"stuff and see new people experience"},{"speaker":"Will Rainey","startTime":2393.537,"endTime":2396.563,"body":"the world, these new coaches I think"},{"speaker":"Will Rainey","startTime":2393.537,"endTime":2396.563,"body":"is the biggest lesson about money."},{"speaker":"Average Joe Finances","startTime":2397.613,"endTime":2401.186,"body":"Yeah, no, that, that"},{"speaker":"Average Joe Finances","startTime":2397.613,"endTime":2401.186,"body":"is fantastic because you know that time"},{"speaker":"Average Joe Finances","startTime":2401.191,"endTime":2403.801,"body":"that you get that quality time is huge."},{"speaker":"Average Joe Finances","startTime":2403.801,"endTime":2407.603,"body":"And when you can spend just enjoying your"},{"speaker":"Average Joe Finances","startTime":2403.801,"endTime":2407.603,"body":"family, enjoying the people around you."},{"speaker":"Average Joe Finances","startTime":2407.603,"endTime":2411.211,"body":"It might not be, they say money can't buy"},{"speaker":"Average Joe Finances","startTime":2407.603,"endTime":2411.211,"body":"happiness, but it gets you time, right?"},{"speaker":"Average Joe Finances","startTime":2411.211,"endTime":2415.111,"body":"So if you have enough of it to where"},{"speaker":"Average Joe Finances","startTime":2411.211,"endTime":2415.111,"body":"you can be comfortable and get that time"},{"speaker":"Average Joe Finances","startTime":2415.111,"endTime":2418.591,"body":"back, which is what you know, you were"},{"speaker":"Average Joe Finances","startTime":2415.111,"endTime":2418.591,"body":"able to do, get away from the corporate"},{"speaker":"Average Joe Finances","startTime":2418.596,"endTime":2423.288,"body":"world, Get your time back because you"},{"speaker":"Average Joe Finances","startTime":2418.596,"endTime":2423.288,"body":"planted enough seeds and grew this forest"},{"speaker":"Average Joe Finances","startTime":2423.288,"endTime":2427.811,"body":"that you had this money that you can"},{"speaker":"Average Joe Finances","startTime":2423.288,"endTime":2427.811,"body":"live off of and not have to worry about"},{"speaker":"Average Joe Finances","startTime":2428.141,"endTime":2430.271,"body":"spending that time trying to earn more."},{"speaker":"Average Joe Finances","startTime":2430.338,"endTime":2431.15,"body":"That's fantastic."},{"speaker":"Average Joe Finances","startTime":2431.15,"endTime":2432.755,"body":"What a great way to, to live life."},{"speaker":"Average Joe Finances","startTime":2432.773,"endTime":2433.013,"body":"Exactly."},{"speaker":"Average Joe Finances","startTime":2433.013,"endTime":2433.253,"body":"All right."},{"speaker":"Average Joe Finances","startTime":2433.283,"endTime":2433.793,"body":"Awesome."},{"speaker":"Average Joe Finances","startTime":2433.842,"endTime":2434.142,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":2434.208,"endTime":2437.342,"body":"So the next question I have, and"},{"speaker":"Average Joe Finances","startTime":2434.208,"endTime":2437.342,"body":"this kind of ties into that as well."},{"speaker":"Average Joe Finances","startTime":2437.702,"endTime":2442.42,"body":"And so you know, you've, again, you've"},{"speaker":"Average Joe Finances","startTime":2437.702,"endTime":2442.42,"body":"had so many different experiences as"},{"speaker":"Average Joe Finances","startTime":2442.42,"endTime":2446.632,"body":"you've gone through and have done this,"},{"speaker":"Average Joe Finances","startTime":2442.42,"endTime":2446.632,"body":"but do you have any tips or tricks"},{"speaker":"Average Joe Finances","startTime":2446.632,"endTime":2449.722,"body":"that you would recommend to someone"},{"speaker":"Average Joe Finances","startTime":2446.632,"endTime":2449.722,"body":"that is just getting started today?"},{"speaker":"Will Rainey","startTime":2451.382,"endTime":2454.758,"body":"So I think the key"},{"speaker":"Will Rainey","startTime":2451.382,"endTime":2454.758,"body":"one is to keep it super simple."},{"speaker":"Will Rainey","startTime":2454.779,"endTime":2457.809,"body":"And I think what most people"},{"speaker":"Will Rainey","startTime":2454.779,"endTime":2457.809,"body":"do is they go too hard."},{"speaker":"Will Rainey","startTime":2458.229,"endTime":2459.639,"body":"They try and change too much."},{"speaker":"Will Rainey","startTime":2459.849,"endTime":2461.18,"body":"It's a bit like dieting."},{"speaker":"Will Rainey","startTime":2461.21,"endTime":2464.33,"body":"Like I'm fortunate I haven't"},{"speaker":"Will Rainey","startTime":2461.21,"endTime":2464.33,"body":"had gone, you hear I've gone"},{"speaker":"Will Rainey","startTime":2464.33,"endTime":2465.8,"body":"to try to do lots of exercise."},{"speaker":"Will Rainey","startTime":2465.805,"endTime":2467.48,"body":"So you get up to January 1st shot, right?"},{"speaker":"Will Rainey","startTime":2467.48,"endTime":2469.94,"body":"I wanna do a run every single day."},{"speaker":"Will Rainey","startTime":2469.94,"endTime":2472.19,"body":"I'm gonna run five or"},{"speaker":"Will Rainey","startTime":2469.94,"endTime":2472.19,"body":"10 kilometers every day."},{"speaker":"Will Rainey","startTime":2472.91,"endTime":2474.95,"body":"But you set the hurdle too high."},{"speaker":"Will Rainey","startTime":2476.0,"endTime":2478.79,"body":"And you don't eat, you don't have any fun."},{"speaker":"Will Rainey","startTime":2478.94,"endTime":2480.77,"body":"Cuz you're like I'm not"},{"speaker":"Will Rainey","startTime":2478.94,"endTime":2480.77,"body":"gonna eat all this junk."},{"speaker":"Will Rainey","startTime":2480.77,"endTime":2481.85,"body":"I'm not gonna have any beers."},{"speaker":"Will Rainey","startTime":2481.85,"endTime":2483.71,"body":"I'm not gonna, And it becomes too much."},{"speaker":"Will Rainey","startTime":2483.715,"endTime":2486.5,"body":"And then people, it never"},{"speaker":"Will Rainey","startTime":2483.715,"endTime":2486.5,"body":"lasts and it people quit."},{"speaker":"Will Rainey","startTime":2486.92,"endTime":2491.69,"body":"And so I always say if you're gonna"},{"speaker":"Will Rainey","startTime":2486.92,"endTime":2491.69,"body":"make a change, just keep it realistic."},{"speaker":"Will Rainey","startTime":2492.2,"endTime":2496.75,"body":"Just keep it so you can still spend"},{"speaker":"Will Rainey","startTime":2492.2,"endTime":2496.75,"body":"majority of what you're spending, but"},{"speaker":"Will Rainey","startTime":2497.13,"endTime":2501.03,"body":"reign it back a little bit and make"},{"speaker":"Will Rainey","startTime":2497.13,"endTime":2501.03,"body":"sure you save at least 10 or 20% of"},{"speaker":"Will Rainey","startTime":2501.03,"endTime":2503.043,"body":"your money before you go spending."},{"speaker":"Will Rainey","startTime":2503.553,"endTime":2506.283,"body":"Don't make it that you"},{"speaker":"Will Rainey","startTime":2503.553,"endTime":2506.283,"body":"go, you're gonna save 50%."},{"speaker":"Will Rainey","startTime":2506.343,"endTime":2510.783,"body":"You go from zero savings to 50% of"},{"speaker":"Will Rainey","startTime":2506.343,"endTime":2510.783,"body":"income savings, cuz you don't wanna"},{"speaker":"Will Rainey","startTime":2510.788,"endTime":2512.523,"body":"be in baked beans every day on toast."},{"speaker":"Will Rainey","startTime":2512.583,"endTime":2513.783,"body":"It's just not sustainable."},{"speaker":"Will Rainey","startTime":2514.018,"endTime":2514.908,"body":"And it's too big."},{"speaker":"Will Rainey","startTime":2514.908,"endTime":2516.138,"body":"And most people don't just give up."},{"speaker":"Will Rainey","startTime":2516.498,"endTime":2520.03,"body":"So I say it's fantastic that you"},{"speaker":"Will Rainey","startTime":2516.498,"endTime":2520.03,"body":"want to change, but start small."},{"speaker":"Will Rainey","startTime":2520.15,"endTime":2524.35,"body":"See that impact, be patient and"},{"speaker":"Will Rainey","startTime":2520.15,"endTime":2524.35,"body":"over time just gradually increase."},{"speaker":"Will Rainey","startTime":2524.355,"endTime":2527.5,"body":"So when you get your next pay"},{"speaker":"Will Rainey","startTime":2524.355,"endTime":2527.5,"body":"rights, don't change your lifestyle."},{"speaker":"Will Rainey","startTime":2527.573,"endTime":2528.833,"body":". So shouldn't have an impact."},{"speaker":"Will Rainey","startTime":2528.833,"endTime":2532.973,"body":"And then you can just save that increase"},{"speaker":"Will Rainey","startTime":2528.833,"endTime":2532.973,"body":"so you're not changing much today,"},{"speaker":"Will Rainey","startTime":2533.033,"endTime":2535.943,"body":"but in the future you're gonna change"},{"speaker":"Will Rainey","startTime":2533.033,"endTime":2535.943,"body":"and that's gonna be game changer."},{"speaker":"Will Rainey","startTime":2535.943,"endTime":2537.143,"body":"It's all about those habits."},{"speaker":"Will Rainey","startTime":2537.443,"endTime":2539.003,"body":"So just start small."},{"speaker":"Will Rainey","startTime":2539.213,"endTime":2539.543,"body":"Save."},{"speaker":"Will Rainey","startTime":2540.158,"endTime":2544.088,"body":"Just even if it's 10%, do"},{"speaker":"Will Rainey","startTime":2540.158,"endTime":2544.088,"body":"it and do it all the time."},{"speaker":"Will Rainey","startTime":2544.388,"endTime":2547.148,"body":"And then over time,"},{"speaker":"Will Rainey","startTime":2544.388,"endTime":2547.148,"body":"that'll be a game changer."},{"speaker":"Will Rainey","startTime":2547.208,"endTime":2551.539,"body":"Don't try and go for the"},{"speaker":"Will Rainey","startTime":2547.208,"endTime":2551.539,"body":"full guns fireworks approach."},{"speaker":"Will Rainey","startTime":2551.599,"endTime":2553.009,"body":"It's just never sustainable."},{"speaker":"Average Joe Finances","startTime":2553.489,"endTime":2554.567,"body":"Yeah,"},{"speaker":"Average Joe Finances","startTime":2553.489,"endTime":2554.567,"body":"no that's great point."},{"speaker":"Average Joe Finances","startTime":2554.567,"endTime":2558.308,"body":"Will, it's all about those habits"},{"speaker":"Average Joe Finances","startTime":2554.567,"endTime":2558.308,"body":"and just small habits that you"},{"speaker":"Average Joe Finances","startTime":2558.308,"endTime":2562.147,"body":"can be repetitive with and just"},{"speaker":"Average Joe Finances","startTime":2558.308,"endTime":2562.147,"body":"keep doing that every single time."},{"speaker":"Average Joe Finances","startTime":2562.177,"endTime":2567.094,"body":"And As you, force yourself to do"},{"speaker":"Average Joe Finances","startTime":2562.177,"endTime":2567.094,"body":"it at first, over time it just"},{"speaker":"Average Joe Finances","startTime":2567.094,"endTime":2570.604,"body":"becomes so ingrained that you're"},{"speaker":"Average Joe Finances","startTime":2567.094,"endTime":2570.604,"body":"not forcing yourself anymore."},{"speaker":"Average Joe Finances","startTime":2570.609,"endTime":2572.513,"body":"It's just a natural thing that you do."},{"speaker":"Average Joe Finances","startTime":2572.513,"endTime":2574.943,"body":"Habits and taking action,"},{"speaker":"Average Joe Finances","startTime":2572.513,"endTime":2574.943,"body":"I absolutely love that."},{"speaker":"Average Joe Finances","startTime":2574.943,"endTime":2575.855,"body":"All right, fantastic."},{"speaker":"Average Joe Finances","startTime":2575.855,"endTime":2579.485,"body":"So I have one more question in the"},{"speaker":"Average Joe Finances","startTime":2575.855,"endTime":2579.485,"body":"final round and I have a feeling I"},{"speaker":"Average Joe Finances","startTime":2579.485,"endTime":2581.535,"body":"know what some of these might be here."},{"speaker":"Average Joe Finances","startTime":2581.535,"endTime":2584.972,"body":"So I'm gonna say besides"},{"speaker":"Average Joe Finances","startTime":2581.535,"endTime":2584.972,"body":"your own and besides."},{"speaker":"Average Joe Finances","startTime":2585.157,"endTime":2587.737,"body":"Richest man in Babylon"},{"speaker":"Average Joe Finances","startTime":2585.157,"endTime":2587.737,"body":"and Rich Dad, Poor Dad."},{"speaker":"Average Joe Finances","startTime":2588.067,"endTime":2591.037,"body":"Do you have a favorite business"},{"speaker":"Average Joe Finances","startTime":2588.067,"endTime":2591.037,"body":"investing or real estate"},{"speaker":"Average Joe Finances","startTime":2591.037,"endTime":2593.237,"body":"related book or podcast or both?"},{"speaker":"Will Rainey","startTime":2593.279,"endTime":2596.39,"body":"So yeah, you've just"},{"speaker":"Will Rainey","startTime":2593.279,"endTime":2596.39,"body":"taken away  two of my best ones."},{"speaker":"Will Rainey","startTime":2596.404,"endTime":2600.502,"body":"But I love, so one of the books"},{"speaker":"Will Rainey","startTime":2596.404,"endTime":2600.502,"body":"I've read a number of times is I"},{"speaker":"Will Rainey","startTime":2600.507,"endTime":2601.852,"body":"love the Marshmallow Experiment."},{"speaker":"Will Rainey","startTime":2601.912,"endTime":2603.262,"body":"I just thought that book."},{"speaker":"Will Rainey","startTime":2603.262,"endTime":2607.481,"body":"So for people who don't know that"},{"speaker":"Will Rainey","startTime":2603.262,"endTime":2607.481,"body":"it's all about delayed gratification."},{"speaker":"Will Rainey","startTime":2607.481,"endTime":2612.142,"body":"So it's a fantastic experiment in"},{"speaker":"Will Rainey","startTime":2607.481,"endTime":2612.142,"body":"the 1970s where they got children to"},{"speaker":"Will Rainey","startTime":2612.186,"endTime":2617.004,"body":"just essentially decide to eat one"},{"speaker":"Will Rainey","startTime":2612.186,"endTime":2617.004,"body":"marshmallow now or wait 15 minutes and"},{"speaker":"Will Rainey","startTime":2617.004,"endTime":2618.905,"body":"eat later have too much minutes later."},{"speaker":"Will Rainey","startTime":2619.235,"endTime":2622.102,"body":"But just the background behind the"},{"speaker":"Will Rainey","startTime":2619.235,"endTime":2622.102,"body":"experiment, the different types of"},{"speaker":"Will Rainey","startTime":2622.102,"endTime":2625.841,"body":"experiments they did, and then outcome"},{"speaker":"Will Rainey","startTime":2622.102,"endTime":2625.841,"body":"I just thought was fascinating and it"},{"speaker":"Will Rainey","startTime":2625.901,"endTime":2630.821,"body":"again, changed a lot of my mindset towards"},{"speaker":"Will Rainey","startTime":2625.901,"endTime":2630.821,"body":"money, but also how I think about money"},{"speaker":"Will Rainey","startTime":2630.821,"endTime":2632.47,"body":"and talk to my children about money."},{"speaker":"Will Rainey","startTime":2633.07,"endTime":2636.67,"body":"And then what I really"},{"speaker":"Will Rainey","startTime":2633.07,"endTime":2636.67,"body":"like in terms of a podcast."},{"speaker":"Will Rainey","startTime":2637.71,"endTime":2641.164,"body":"Is there's a podcast in the UK"},{"speaker":"Will Rainey","startTime":2637.71,"endTime":2641.164,"body":"by the guy called Jason Butler."},{"speaker":"Will Rainey","startTime":2641.704,"endTime":2645.574,"body":"And what he does, he gets people on"},{"speaker":"Will Rainey","startTime":2641.704,"endTime":2645.574,"body":"the show and just talked about just"},{"speaker":"Will Rainey","startTime":2645.574,"endTime":2648.681,"body":"their money experience, so their"},{"speaker":"Will Rainey","startTime":2645.574,"endTime":2648.681,"body":"people of all different backgrounds."},{"speaker":"Will Rainey","startTime":2649.131,"endTime":2653.275,"body":"And so I find that really fascinating"},{"speaker":"Will Rainey","startTime":2649.131,"endTime":2653.275,"body":"cuz everyone has a different money"},{"speaker":"Will Rainey","startTime":2653.28,"endTime":2657.287,"body":"story and as you started this, the,"},{"speaker":"Will Rainey","startTime":2653.28,"endTime":2657.287,"body":"this podcast about my story but people"},{"speaker":"Will Rainey","startTime":2657.292,"endTime":2660.137,"body":"have different backgrounds of what, so"},{"speaker":"Will Rainey","startTime":2657.292,"endTime":2660.137,"body":"it goes right back to their childhood."},{"speaker":"Will Rainey","startTime":2661.027,"endTime":2661.787,"body":"About why?"},{"speaker":"Will Rainey","startTime":2662.177,"endTime":2663.437,"body":"What did your parents think about money?"},{"speaker":"Will Rainey","startTime":2663.437,"endTime":2664.667,"body":"How did your parents think about money?"},{"speaker":"Will Rainey","startTime":2665.027,"endTime":2668.927,"body":"And in just hearing some of these stories,"},{"speaker":"Will Rainey","startTime":2665.027,"endTime":2668.927,"body":"you start to get a real good understanding"},{"speaker":"Will Rainey","startTime":2668.927,"endTime":2673.307,"body":"about why people think about money"},{"speaker":"Will Rainey","startTime":2668.927,"endTime":2673.307,"body":"the way they do today cause of that."},{"speaker":"Will Rainey","startTime":2673.307,"endTime":2676.967,"body":"And that's the hard thing about when we,"},{"speaker":"Will Rainey","startTime":2673.307,"endTime":2676.967,"body":"you're doing your podcast and I've written"},{"speaker":"Will Rainey","startTime":2676.967,"endTime":2678.439,"body":"a book and there's always other books."},{"speaker":"Will Rainey","startTime":2679.089,"endTime":2681.279,"body":"Everyone's getting this new"},{"speaker":"Will Rainey","startTime":2679.089,"endTime":2681.279,"body":"information, but starting at"},{"speaker":"Will Rainey","startTime":2681.279,"endTime":2682.389,"body":"completely different points."},{"speaker":"Will Rainey","startTime":2682.539,"endTime":2685.569,"body":"And once you start to appreciate"},{"speaker":"Will Rainey","startTime":2682.539,"endTime":2685.569,"body":"other people's points, you"},{"speaker":"Will Rainey","startTime":2685.569,"endTime":2686.408,"body":"can try and say, Oh, okay."},{"speaker":"Will Rainey","startTime":2686.478,"endTime":2688.918,"body":"I wish my parents had done that,"},{"speaker":"Will Rainey","startTime":2686.478,"endTime":2688.918,"body":"or I can see why that person"},{"speaker":"Will Rainey","startTime":2688.978,"endTime":2690.328,"body":"might have an advantage over me."},{"speaker":"Will Rainey","startTime":2690.378,"endTime":2692.748,"body":"And it starts to give you a little"},{"speaker":"Will Rainey","startTime":2690.378,"endTime":2692.748,"body":"bit more empathy towards people's"},{"speaker":"Will Rainey","startTime":2692.753,"endTime":2695.063,"body":"money stories and how they've,"},{"speaker":"Will Rainey","startTime":2692.753,"endTime":2695.063,"body":"they're thinking about money."},{"speaker":"Will Rainey","startTime":2695.543,"endTime":2698.723,"body":"So when you see other people who"},{"speaker":"Will Rainey","startTime":2695.543,"endTime":2698.723,"body":"might be struggling, it's not because"},{"speaker":"Will Rainey","startTime":2698.723,"endTime":2702.087,"body":"they're just stupid  and don't know"},{"speaker":"Will Rainey","startTime":2698.723,"endTime":2702.087,"body":"it's because that's probably just what."},{"speaker":"Will Rainey","startTime":2702.327,"endTime":2703.557,"body":"Just been going through."},{"speaker":"Will Rainey","startTime":2703.587,"endTime":2704.307,"body":"So yeah."},{"speaker":"Will Rainey","startTime":2704.307,"endTime":2705.571,"body":"Jason Butler's podcast."},{"speaker":"Will Rainey","startTime":2705.613,"endTime":2707.833,"body":"In the UK I found fascinating stories."},{"speaker":"Average Joe Finances","startTime":2708.493,"endTime":2708.793,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2708.843,"endTime":2710.804,"body":"And that's a great point"},{"speaker":"Average Joe Finances","startTime":2708.843,"endTime":2710.804,"body":"that you brought up as well."},{"speaker":"Average Joe Finances","startTime":2710.847,"endTime":2712.931,"body":"Will, especially when you"},{"speaker":"Average Joe Finances","startTime":2710.847,"endTime":2712.931,"body":"talk about everybody comes"},{"speaker":"Average Joe Finances","startTime":2712.936,"endTime":2713.981,"body":"from a different background."},{"speaker":"Average Joe Finances","startTime":2714.281,"endTime":2716.111,"body":"Everyone learns differently."},{"speaker":"Average Joe Finances","startTime":2716.2,"endTime":2720.434,"body":"Everyone, everyone has a different"},{"speaker":"Average Joe Finances","startTime":2716.2,"endTime":2720.434,"body":"story when it comes to how they"},{"speaker":"Average Joe Finances","startTime":2720.434,"endTime":2721.604,"body":"got to where they are today."},{"speaker":"Average Joe Finances","startTime":2721.634,"endTime":2723.224,"body":"Everyone has a different money story."},{"speaker":"Average Joe Finances","startTime":2723.524,"endTime":2725.474,"body":"Everyone has a different"},{"speaker":"Average Joe Finances","startTime":2723.524,"endTime":2725.474,"body":"relationship with money."},{"speaker":"Average Joe Finances","startTime":2725.819,"endTime":2729.329,"body":"But I, the thing that I find that"},{"speaker":"Average Joe Finances","startTime":2725.819,"endTime":2729.329,"body":"everyone has in common,  for the people"},{"speaker":"Average Joe Finances","startTime":2729.329,"endTime":2733.559,"body":"that are successful with their money,"},{"speaker":"Average Joe Finances","startTime":2729.329,"endTime":2733.559,"body":"is that they all took action, right?"},{"speaker":"Average Joe Finances","startTime":2733.769,"endTime":2733.829,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2733.834,"endTime":2737.016,"body":"They took action and like you"},{"speaker":"Average Joe Finances","startTime":2733.834,"endTime":2737.016,"body":"said, they built habits, right?"},{"speaker":"Average Joe Finances","startTime":2737.226,"endTime":2738.546,"body":"So stuff like that is huge."},{"speaker":"Average Joe Finances","startTime":2738.551,"endTime":2740.466,"body":"So there's so many"},{"speaker":"Average Joe Finances","startTime":2738.551,"endTime":2740.466,"body":"different ways to do it."},{"speaker":"Average Joe Finances","startTime":2740.466,"endTime":2742.266,"body":"You could build your"},{"speaker":"Average Joe Finances","startTime":2740.466,"endTime":2742.266,"body":"wealth in real estate."},{"speaker":"Average Joe Finances","startTime":2742.566,"endTime":2744.366,"body":"You could build your"},{"speaker":"Average Joe Finances","startTime":2742.566,"endTime":2744.366,"body":"wealth in the stock market."},{"speaker":"Average Joe Finances","startTime":2744.396,"endTime":2747.726,"body":"You can even build your wealth in crypto"},{"speaker":"Average Joe Finances","startTime":2744.396,"endTime":2747.726,"body":"if that's the route you want to go."},{"speaker":"Average Joe Finances","startTime":2747.726,"endTime":2748.896,"body":"I don't know too much about it."},{"speaker":"Average Joe Finances","startTime":2748.896,"endTime":2751.554,"body":"So that's, I don't really mess with"},{"speaker":"Average Joe Finances","startTime":2748.896,"endTime":2751.554,"body":"that stuff, but, There are so many"},{"speaker":"Average Joe Finances","startTime":2751.554,"endTime":2753.444,"body":"different ways you can build a business."},{"speaker":"Average Joe Finances","startTime":2753.444,"endTime":2756.354,"body":"There are so many different things"},{"speaker":"Average Joe Finances","startTime":2753.444,"endTime":2756.354,"body":"you can do to build wealth and build"},{"speaker":"Average Joe Finances","startTime":2756.4,"endTime":2758.29,"body":"a legacy for yourself and your family."},{"speaker":"Average Joe Finances","startTime":2759.19,"endTime":2762.64,"body":"You're never gonna get there if you"},{"speaker":"Average Joe Finances","startTime":2759.19,"endTime":2762.64,"body":"don't take action and if you don't"},{"speaker":"Average Joe Finances","startTime":2762.645,"endTime":2765.462,"body":"make moves on it, and that's I think"},{"speaker":"Average Joe Finances","startTime":2762.645,"endTime":2765.462,"body":"the biggest thing that people get"},{"speaker":"Average Joe Finances","startTime":2765.467,"endTime":2768.102,"body":"scared to do is to take that leap."},{"speaker":"Average Joe Finances","startTime":2768.132,"endTime":2769.782,"body":"To take that jump and that leap of faith."},{"speaker":"Average Joe Finances","startTime":2769.782,"endTime":2770.313,"body":"That's huge."},{"speaker":"Average Joe Finances","startTime":2770.313,"endTime":2771.363,"body":"So I appreciate you sharing."},{"speaker":"Average Joe Finances","startTime":2771.598,"endTime":2775.092,"body":"That aspect of that and with what"},{"speaker":"Average Joe Finances","startTime":2771.598,"endTime":2775.092,"body":"Jason Butler shares on his podcast"},{"speaker":"Average Joe Finances","startTime":2775.092,"endTime":2777.299,"body":"with the different stories, cuz"},{"speaker":"Average Joe Finances","startTime":2775.092,"endTime":2777.299,"body":"you never really think about that."},{"speaker":"Average Joe Finances","startTime":2777.299,"endTime":2780.12,"body":"What is like the background of this"},{"speaker":"Average Joe Finances","startTime":2777.299,"endTime":2780.12,"body":"individual that we're talking to?"},{"speaker":"Average Joe Finances","startTime":2780.12,"endTime":2782.25,"body":"Like, how did your parents"},{"speaker":"Average Joe Finances","startTime":2780.12,"endTime":2782.25,"body":"teach you about money?"},{"speaker":"Average Joe Finances","startTime":2782.28,"endTime":2783.42,"body":"Did they teach you about money?"},{"speaker":"Average Joe Finances","startTime":2783.425,"endTime":2784.59,"body":"How did you learn about money?"},{"speaker":"Average Joe Finances","startTime":2784.651,"endTime":2786.294,"body":"So those are little"},{"speaker":"Average Joe Finances","startTime":2784.651,"endTime":2786.294,"body":"things that are awesome."},{"speaker":"Average Joe Finances","startTime":2786.319,"endTime":2789.028,"body":"And now that I think about that, I might"},{"speaker":"Average Joe Finances","startTime":2786.319,"endTime":2789.028,"body":"add some of these questions here as"},{"speaker":"Average Joe Finances","startTime":2789.028,"endTime":2790.318,"body":"I'm bringing more people on the show."},{"speaker":"Average Joe Finances","startTime":2790.384,"endTime":2791.425,"body":". But yeah that's fantastic."},{"speaker":"Average Joe Finances","startTime":2791.425,"endTime":2793.481,"body":"So that's the, that's"},{"speaker":"Average Joe Finances","startTime":2791.425,"endTime":2793.481,"body":"it for the final round."},{"speaker":"Average Joe Finances","startTime":2793.511,"endTime":2796.045,"body":"Will, but I do have one more question"},{"speaker":"Average Joe Finances","startTime":2793.511,"endTime":2796.045,"body":"for you, and this is probably the"},{"speaker":"Average Joe Finances","startTime":2796.045,"endTime":2799.056,"body":"most important question of all"},{"speaker":"Average Joe Finances","startTime":2796.045,"endTime":2799.056,"body":"because this conversation was awesome."},{"speaker":"Average Joe Finances","startTime":2799.061,"endTime":2799.806,"body":"I really enjoy it."},{"speaker":"Average Joe Finances","startTime":2799.811,"endTime":2803.046,"body":"I really enjoy how you put these"},{"speaker":"Average Joe Finances","startTime":2799.811,"endTime":2803.046,"body":"stories together to make this"},{"speaker":"Average Joe Finances","startTime":2803.046,"endTime":2805.896,"body":"so much more understandable for"},{"speaker":"Average Joe Finances","startTime":2803.046,"endTime":2805.896,"body":"kids, but not only for kids."},{"speaker":"Average Joe Finances","startTime":2805.896,"endTime":2809.269,"body":"Like I'm telling you, if an adult goes"},{"speaker":"Average Joe Finances","startTime":2805.896,"endTime":2809.269,"body":"and picks up, Grandpa's Fortune Fables,"},{"speaker":"Average Joe Finances","startTime":2809.274,"endTime":2811.63,"body":"and they can't understand it I don't"},{"speaker":"Average Joe Finances","startTime":2809.274,"endTime":2811.63,"body":"know what else to tell you there, but"},{"speaker":"Average Joe Finances","startTime":2811.666,"endTime":2814.666,"body":"if you're having a hard time reading"},{"speaker":"Average Joe Finances","startTime":2811.666,"endTime":2814.666,"body":"Richest Man in Babylon, like I know some"},{"speaker":"Average Joe Finances","startTime":2814.666,"endTime":2817.966,"body":"people do because it's written very much"},{"speaker":"Average Joe Finances","startTime":2814.666,"endTime":2817.966,"body":"like it's the King James Bible, right?"},{"speaker":"Average Joe Finances","startTime":2818.326,"endTime":2820.696,"body":"But if you're having trouble"},{"speaker":"Average Joe Finances","startTime":2818.326,"endTime":2820.696,"body":"reading that, go read this book."},{"speaker":"Average Joe Finances","startTime":2820.906,"endTime":2823.576,"body":"It's gonna explain some of"},{"speaker":"Average Joe Finances","startTime":2820.906,"endTime":2823.576,"body":"those same basic principles"},{"speaker":"Average Joe Finances","startTime":2823.576,"endTime":2824.92,"body":"that you need to understand."},{"speaker":"Average Joe Finances","startTime":2824.92,"endTime":2828.251,"body":"And I'm really glad that I have a copy"},{"speaker":"Average Joe Finances","startTime":2824.92,"endTime":2828.251,"body":"of it and I appreciate that so much."},{"speaker":"Average Joe Finances","startTime":2828.281,"endTime":2831.476,"body":"But now so speaking of that people"},{"speaker":"Average Joe Finances","startTime":2828.281,"endTime":2831.476,"body":"might wanna say, Hey, I wanna"},{"speaker":"Average Joe Finances","startTime":2831.476,"endTime":2832.856,"body":"get a copy of this book, right?"},{"speaker":"Average Joe Finances","startTime":2833.096,"endTime":2835.196,"body":"Or I wanna find out more"},{"speaker":"Average Joe Finances","startTime":2833.096,"endTime":2835.196,"body":"information about Will."},{"speaker":"Average Joe Finances","startTime":2835.196,"endTime":2837.246,"body":"So where can people find"},{"speaker":"Average Joe Finances","startTime":2835.196,"endTime":2837.246,"body":"this information about you?"},{"speaker":"Average Joe Finances","startTime":2837.246,"endTime":2838.566,"body":"Where can we find your book?"},{"speaker":"Average Joe Finances","startTime":2838.776,"endTime":2840.936,"body":"Do you have a website, social"},{"speaker":"Average Joe Finances","startTime":2838.776,"endTime":2840.936,"body":"media, or anything like that"},{"speaker":"Average Joe Finances","startTime":2840.936,"endTime":2841.706,"body":"you could share with us?"},{"speaker":"Average Joe Finances","startTime":2842.426,"endTime":2843.066,"body":"Yeah, certainly."},{"speaker":"Will Rainey","startTime":2843.12,"endTime":2846.96,"body":"So my website is"},{"speaker":"Will Rainey","startTime":2843.12,"endTime":2846.96,"body":"bluetreesavings.com, so that's all"},{"speaker":"Will Rainey","startTime":2846.96,"endTime":2852.08,"body":"one word, bluetreesavings.com and on"},{"speaker":"Will Rainey","startTime":2846.96,"endTime":2852.08,"body":"there, so luckily that was that's Family"},{"speaker":"Will Rainey","startTime":2852.08,"endTime":2854.04,"body":"Finance Blog of the year in the UK."},{"speaker":"Will Rainey","startTime":2854.04,"endTime":2857.535,"body":"So every week I produce a new"},{"speaker":"Will Rainey","startTime":2854.04,"endTime":2857.535,"body":"blog, which to help parents"},{"speaker":"Will Rainey","startTime":2857.535,"endTime":2858.817,"body":"teach their kids about money."},{"speaker":"Will Rainey","startTime":2858.817,"endTime":2864.33,"body":"So just yes, just recently written one,"},{"speaker":"Will Rainey","startTime":2858.817,"endTime":2864.33,"body":"which is the movie Frozen that everyone"},{"speaker":"Will Rainey","startTime":2864.33,"endTime":2866.85,"body":"knows, but rewritten to be about money."},{"speaker":"Will Rainey","startTime":2866.88,"endTime":2870.532,"body":"So instead of uncontrollable"},{"speaker":"Will Rainey","startTime":2866.88,"endTime":2870.532,"body":"ability to freeze everything, she"},{"speaker":"Will Rainey","startTime":2870.532,"endTime":2871.844,"body":"just can't control her spending."},{"speaker":"Will Rainey","startTime":2871.864,"endTime":2873.714,"body":"But same storyline but on my website."},{"speaker":"Will Rainey","startTime":2874.394,"endTime":2876.944,"body":"Got all my blogs to cover"},{"speaker":"Will Rainey","startTime":2874.394,"endTime":2876.944,"body":"pretty much every money topic"},{"speaker":"Will Rainey","startTime":2876.944,"endTime":2878.084,"body":"that you wanna teach your kids."},{"speaker":"Will Rainey","startTime":2878.144,"endTime":2882.05,"body":"And it has more about grandpa's fortune"},{"speaker":"Will Rainey","startTime":2878.144,"endTime":2882.05,"body":"fables on there so you can learn about"},{"speaker":"Will Rainey","startTime":2882.055,"endTime":2887.008,"body":"the book but the book's available on"},{"speaker":"Will Rainey","startTime":2882.055,"endTime":2887.008,"body":"Amazon and so yeah, please go to Amazon."},{"speaker":"Will Rainey","startTime":2887.038,"endTime":2891.159,"body":"You can buy ones if you wanted to buy"},{"speaker":"Will Rainey","startTime":2887.038,"endTime":2891.159,"body":"multiple books for schools, clients,"},{"speaker":"Will Rainey","startTime":2891.489,"endTime":2895.569,"body":"friends, then yeah, on my website you"},{"speaker":"Will Rainey","startTime":2891.489,"endTime":2895.569,"body":"can buy, if you're buying five or more,"},{"speaker":"Will Rainey","startTime":2895.689,"endTime":2897.477,"body":"then you get a discount through that."},{"speaker":"Will Rainey","startTime":2897.777,"endTime":2901.477,"body":"But I'm on LinkedIn, so just"},{"speaker":"Will Rainey","startTime":2897.777,"endTime":2901.477,"body":"Will Rainey on LinkedIn."},{"speaker":"Will Rainey","startTime":2901.717,"endTime":2904.067,"body":"I generally try and post a"},{"speaker":"Will Rainey","startTime":2901.717,"endTime":2904.067,"body":"few times with some tips."},{"speaker":"Will Rainey","startTime":2904.176,"endTime":2909.296,"body":"Also on Instagram, so grandpa's fortune,"},{"speaker":"Will Rainey","startTime":2904.176,"endTime":2909.296,"body":"fables with underscores between the"},{"speaker":"Will Rainey","startTime":2909.296,"endTime":2913.109,"body":"words and not so much on Facebook"},{"speaker":"Will Rainey","startTime":2909.296,"endTime":2913.109,"body":"and Twitter at the moment, but that"},{"speaker":"Will Rainey","startTime":2913.109,"endTime":2915.18,"body":"might change under Blue Tree Savings."},{"speaker":"Will Rainey","startTime":2915.28,"endTime":2919.564,"body":"But just on that, on about the book and"},{"speaker":"Will Rainey","startTime":2915.28,"endTime":2919.564,"body":"your last point, the luckily enough I"},{"speaker":"Will Rainey","startTime":2919.564,"endTime":2923.379,"body":"get quite a number of really positive"},{"speaker":"Will Rainey","startTime":2919.564,"endTime":2923.379,"body":"reviews about the book and but the"},{"speaker":"Will Rainey","startTime":2923.379,"endTime":2927.184,"body":"ones that I've really take to heart"},{"speaker":"Will Rainey","startTime":2923.379,"endTime":2927.184,"body":"are the ones where people say, We've"},{"speaker":"Will Rainey","startTime":2927.184,"endTime":2930.994,"body":"read your book, and my daughter or son"},{"speaker":"Will Rainey","startTime":2927.184,"endTime":2930.994,"body":"is now starting a business, or We are"},{"speaker":"Will Rainey","startTime":2930.994,"endTime":2932.824,"body":"now investing so they're taking action."},{"speaker":"Will Rainey","startTime":2932.824,"endTime":2935.872,"body":"And that's the best thing about the"},{"speaker":"Will Rainey","startTime":2932.824,"endTime":2935.872,"body":"reviews is when I hear people not just"},{"speaker":"Will Rainey","startTime":2935.872,"endTime":2939.752,"body":"enjoying the book and the stories and"},{"speaker":"Will Rainey","startTime":2935.872,"endTime":2939.752,"body":"characters, but they're taking action."},{"speaker":"Will Rainey","startTime":2939.757,"endTime":2940.382,"body":"So yeah."},{"speaker":"Will Rainey","startTime":2940.382,"endTime":2944.132,"body":"So that's Blue Tree Savings"},{"speaker":"Will Rainey","startTime":2940.382,"endTime":2944.132,"body":"and Grandpa's Fortune Fables."},{"speaker":"Average Joe Finances","startTime":2944.697,"endTime":2945.51,"body":"All right, fantastic."},{"speaker":"Average Joe Finances","startTime":2945.519,"endTime":2947.709,"body":"Hey everybody, I'm gonna make sure"},{"speaker":"Average Joe Finances","startTime":2945.519,"endTime":2947.709,"body":"those links are in the show notes"},{"speaker":"Average Joe Finances","startTime":2947.709,"endTime":2950.349,"body":"to make it easy for you, so you can"},{"speaker":"Average Joe Finances","startTime":2947.709,"endTime":2950.349,"body":"just click 'em or copy and paste."},{"speaker":"Average Joe Finances","startTime":2950.739,"endTime":2953.229,"body":"But hey, key thing, if you're"},{"speaker":"Average Joe Finances","startTime":2950.739,"endTime":2953.229,"body":"not getting anything outta this"},{"speaker":"Average Joe Finances","startTime":2953.229,"endTime":2955.829,"body":"episode, it's to go take action."},{"speaker":"Average Joe Finances","startTime":2955.937,"endTime":2959.322,"body":"And I feel the same way Will, when"},{"speaker":"Average Joe Finances","startTime":2955.937,"endTime":2959.322,"body":"I get a DM or something like that on"},{"speaker":"Average Joe Finances","startTime":2959.322,"endTime":2963.792,"body":"LinkedIn or Instagram or on Facebook"},{"speaker":"Average Joe Finances","startTime":2959.322,"endTime":2963.792,"body":"Messenger or somebody leaves a review"},{"speaker":"Average Joe Finances","startTime":2963.797,"endTime":2967.572,"body":"and they're talking about how, Hey, this"},{"speaker":"Average Joe Finances","startTime":2963.797,"endTime":2967.572,"body":"episode like really opened my eyes to"},{"speaker":"Average Joe Finances","startTime":2967.572,"endTime":2969.142,"body":"something, or this helped change my life."},{"speaker":"Average Joe Finances","startTime":2969.2,"endTime":2971.45,"body":"Things like that mean more to me than."},{"speaker":"Average Joe Finances","startTime":2972.03,"endTime":2974.31,"body":"Anything else that I can get"},{"speaker":"Average Joe Finances","startTime":2972.03,"endTime":2974.31,"body":"out of doing this podcast."},{"speaker":"Average Joe Finances","startTime":2974.338,"endTime":2978.389,"body":"I definitely appreciate you taking the"},{"speaker":"Average Joe Finances","startTime":2974.338,"endTime":2978.389,"body":"time to, to chat with me today especially"},{"speaker":"Average Joe Finances","startTime":2978.629,"endTime":2980.369,"body":"since you just moved a week ago."},{"speaker":"Average Joe Finances","startTime":2980.374,"endTime":2983.129,"body":"I know it's probably, you're probably"},{"speaker":"Average Joe Finances","startTime":2980.374,"endTime":2983.129,"body":"not even finished unpacking yet, but"},{"speaker":"Average Joe Finances","startTime":2983.205,"endTime":2986.795,"body":"greatly appreciate this and this was"},{"speaker":"Average Joe Finances","startTime":2983.205,"endTime":2986.795,"body":"really fun great conversation and I'm"},{"speaker":"Average Joe Finances","startTime":2986.795,"endTime":2990.17,"body":"really excited about your book and"},{"speaker":"Average Joe Finances","startTime":2986.795,"endTime":2990.17,"body":"I hope some people go check it out."},{"speaker":"Average Joe Finances","startTime":2990.53,"endTime":2992.304,"body":"But yeah, again, thanks for joining me."},{"speaker":"Will Rainey","startTime":2992.333,"endTime":2993.113,"body":"Thanks for"},{"speaker":"Will Rainey","startTime":2992.333,"endTime":2993.113,"body":"having me on the show."},{"speaker":"Will Rainey","startTime":2993.113,"endTime":2994.163,"body":"It's great talking with you."},{"speaker":"Average Joe Finances","startTime":2994.673,"endTime":2996.143,"body":"All"},{"speaker":"Average Joe Finances","startTime":2994.673,"endTime":2996.143,"body":"right, Aloha from Hawaii."}]}