A Studio Outtake With Guest, Grace Gebhardt.

Hear what happens when host, Jim Gebhardt invites his daughter to comment on her perception of the content of the show, some of her lived experiences as a family member during some very challenging financial times, what her outlook is as the daughter of a holistic financial specialist, and what it would look like to feel financially secure at 22 years old. 

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Transcript

Jim Gebhardt: [00:00:00] Okay. Let's, let's have a little fun with this for a second, since we have the, the kid in the room. 

Matthew Grishman: Yeah, 

Jim Gebhardt: yeah. Grace, when you, uh, hop on, Mike, when you, when you listen to us, not in terms of the entertainment value, but the educational aspect of it, what, what comes to mind? What floats. I know you're in work mode kind of thinking of the show, but do you have little cartoon bubbles that pop up with Ooh, what?

What do they mean by that? Or, oh, that's interesting. How does that apply to me? Or do they all sound like Charlie Brown's teacher? Yeah. W-W-W-W-W-W. Just let go stream of consciousness on it. 

Grace Gebhardt: Well, what came to mind when you guys were talking about, and I feel like this happens half the time for me at my ripe age of 22.

But when you guys talk about the ROI and the Roth IRA and the, all the, the, the big, the money, big shit boy terms that you guys ski ly do. I kind of do the Charlie Brown in my head. Understandable. But then when you guys were talking about what financial security looks like to [00:01:00] you, I, I just think it's funny for me, with you as my dad and you as a.

Uncle, basically. It's funny like thinking about the comparison between like my financial security. Yeah. But we were 22 once. Yeah, I know. Yeah. But it's just funny seeing the, and I might regret saying this, but the wisdom that the two of you have 

Matthew Grishman: now, we'll, yeah, we'll hold that over your head for a. I'm curious because you're here and you're listening to your dad tell stories about the differences and granted your mom's not here to speak for herself, but that's okay.

Dad's doing a pretty good job. How do you hear that versus how did you experience it as a kid growing up in those times? Did you, did you recognize the kind of financial stress your parents were going through back then? I mean, what, what was that experience like for you? A, to hear your dad talk about it and then.

How much of that takes you back to that time and what was your experience [00:02:00] like? Because I would imagine it's a little different maybe than how your dad described his experience with that. Right, right. Eight questions in one go. 

Grace Gebhardt: Initially, thinking back on it, I have no memory of being influenced by my parents' stressors about money.

Matthew Grishman: Good job dad. 

Grace Gebhardt: So shout out mom and dad. 

Matthew Grishman: Right. 

Grace Gebhardt: But I mean, I think another thing that, this wasn't a direct question, but now as I get older and I gain some wisdom, maybe a little bit partially from the two of you, is that I appreciate the vulnerability that as I've gotten older, my parents have been able to educate me on finances and how it's hard and can be extremely messy, but also like learning now that it can be.

Stress free and it doesn't keep you up at night. So seeing that is a huge eye-opener and perspective at my age, currently. Yeah. Yeah. 

Jim Gebhardt: And yeah, [00:03:00] because I would imagine you feel a lot of financial pressure. 

Grace Gebhardt: Yeah. 

Jim Gebhardt: And is that, is that from mom and dad? Is that self generated? 

Grace Gebhardt: Yeah. Well, I think it's, it's more from myself for sure, in terms of like wanting to be financially driven to be financially stable.

Right. And pay my own rent and stuff like that. Right. As I'm currently living at home. 

Jim Gebhardt: Right. Yeah. Which we love having you at home. 

Grace Gebhardt: Thanks. Well, can we, can we get that in writing too? Yeah. That's on the show. It's 

Jim Gebhardt: in the show notes. Technically, technically it's, 

Matthew Grishman: it's in writing now. It's the transcript writing.

Yeah. Writing Well, and, and hopefully the, the takeaway for you in that conversation and the takeaway for the tribe is that financial security didn't come because mom and dad hit a number. Right. It had, it has very little to do with a certain net worth number or a certain liquidity number. Financial security came from a certain sense of understanding, of clarity, of feeling, this sense of confidence in how we create wealth in our life, and [00:04:00] then this sense of capability that I can, like the avenue, the road is there, I just need to walk down it.

So point being, if I'm 22 years old again, instead of thinking about financial security in terms of how much money do I have in the bank, it's do I have the avenue? I can take what I know I'm good at, go run with it, be rewarded for that, and be able to rinse and repeat over and over and over. And once I have some clarity on what that looks like, I develop this sense of confidence in myself to do it.

And then once I actually go do it, I look in the rear view mirror at the progress I've made and go, holy shit, look at the capability that I've now created in myself. Mm-hmm. And that just becomes this self-fulfilling prophecy. Right. Newton's second law of motion. Once an object gets in motion, it stays in motion.

Grace Gebhardt: Yep. 

Matthew Grishman: That's what that whole thing's about, so that that's important that if you didn't take that away, that's where financial security comes from in our experience. I'm sure there's somebody who's gonna pick [00:05:00] up the phone right now and call into the studio. Which would be our (877) 283-9150 phone number.

Yeah, someone is gonna be motivated to pick up the phone right now and argue that point with me, that damnit, no, it's a number. When I hit my first million dollars in the bank, I felt financially secure. Great. I want to hear your story. If that's what made you financially secure, then get your butt on the phone and call us and let's share that story so we can get it out here for the tribe.

So this is just our experience with where financial security comes from and hopefully. The model we've rolled for you 

Jim Gebhardt: and to be, you know, if you will, at the beginning of the money game at 22, right? What you define as financial security is gonna evolve and grow a lot, right? To your point, Matthew, on learning your superpower and finding your path and going and having some experience with it, right?

She's just in the top of the first inning on figuring out what that is. However. In the short time, since you've graduated from [00:06:00] school, from from college, you have very quickly, in my opinion, been able to figure out how to make a buck here, there, and everywhere to go from, you know, if you, if I think it would be a great exercise for you to go look at your bank balance in June of this year when you graduated and where you are today.

Because you've been able to not just make a couple of bucks, but save a, save a bunch of bucks, keep talking. That hopefully gives you some financial confidence, even though you don't necessarily have clarity on what your superpower is yet and what you want to do professionally. 

Grace Gebhardt: Right. Is 

Matthew Grishman: any of that a fair statement?

Grace Gebhardt: Yeah, for sure. 

Matthew Grishman: I think you should learn how to leap tall buildings with a single bound. 

Grace Gebhardt: I think I could be pretty good at that. 

Matthew Grishman: Yeah. Yeah. And with that, that's a wrap.

Jeff Holden: Jim Gehart is a registered representative of Integrity Alliance, LLC. Securities and investment advisory services offered through Integrity Alliance, LLC, member SIPC. Gab Hart Group Incorporated is not affiliated with Integrity Wealth.

Jim Gab Hart and Matthew Grishman are investment advisor representatives of Gab Hart Group Incorporated a registered investment advisor. The opinions in this podcast are for informational purposes only and are not intended to provide specific advice or investment recommendations. To determine which investment or financial advice may be appropriate for you.

Consult a financial advisor prior to investing. Any reference to market performance is based on historical information and there is no expressed or implied guarantee of future [00:36:00] performance. Opinions expressed on this program do not necessarily reflect those of Integrity Alliance LLC. The topics discussed and opinions given are not intended to address the specific needs of any listener.

Gab Hart Group Incorporated does not offer legal or tax advice. Listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.