TAKE BACK THE GAME with Linda Flanagan

Transcription:

What’s up folks, we have a great podcast today, especially if you have kids ages, any range, cuz eventually they got to go to college and they’re probably doing a lot of extracurricular activities. I think a lot of the listeners type individuals , most of you guys make multiple six figures.

Majority of the people these days are accredited investors and we are moving to an accredited investor base. But more news on that in a future podcast. Now check out our, now I wanna invite you guys to one of our future events. We’ve got several of ’em coming up on October 1st.

We are going to be taking over in Napa valley. We’re gonna be putting everybody on a bus, going out to a few wineries. So if you’re interested in that event again, that’s October 1st. Go to simple passive cash flow.com/napa. Again, simple passive cash flow.com/napa. We are also gonna be doing an October six to seven Huntsville, Alabama property tour.

So if you guys are investing in apartments alongside us, and haven’t even visited these things as I would probably say maybe. Less than a third of you guys haven’t even checked out a classy apartment yet. Good time to visit ’em cuz we’ve got quite a few assets and we’re gonna be doing a little bit of a grand opening party.

Now that our Chase Creek apartments are done pretty much through construction and the clubhouse is all finished there and we might even have some people moving in when we’re there. But on October 6th we’re gonna be doing the party and we fight everybody to come out and especially stay the next day.

Come on the tour with us and visit some of these apartments and, really get some boots on the ground instead of just having some wine with us in Napa valley, even though not, that’s not that bad. And we always preach being a passive investor and being, and living like a passive investor, which is focusing on your network as opposed to a lot of these kinds of non-accredited investors running around with their heads chopped off trying BRRRR strategy.

Buy rent, rehab repair, just a lot of work and just doesn’t really make too much sense. I’ve got the dates also planned for our annual retreat in Hawaii, January 13th, through the 16th. That is going to be on the I of Oahu. If you want access to any of these events go to simple passive cash flow.com/events, the nap tour, and October 1st, the Huntsville tour, October six, seventh and January 13th, the 16th 2023 in Hawaii.

All those links are@simplepassivecashflow.com slash event. If you haven’t yet joined our club, go to simple passive cash flow.com/club. That’s the prerequisite first because at our events, if you notice, you don’t really pay to come right away. We gotta vet you. We gotta know who we are, because I think that’s what sets us apart from any other investor group out there, which is, we vet people coming and we know who people are, because if we have one random person out there, who’s just a little weird.

To me that reflects badly on our brand and our community. So we try our best to vet the people coming. And we need to get to know you first or refer you. So make sure you guys complete the format. Simple pass a casual.com/club. And if you guys have been lurking on our newsletter and our insider email, less book a call with me and let’s get to know each other before the schedule fills up with all these late summer travels.

Now we really wanna get to know you guys and after all, it’s all, this is a relationship game and enjoy the show.

Hey, simple passive cash to listeners. Today, we are going to be taking a break from the normal investor and taxes. We know most of the listeners out there, at least most of the investors, a lot of you guys have a million, $2 million or greater, and you typically have offspring and children.

and we get it. You’re busy. And you have ample resources to pour into those perfect children of yours. Maybe you guys are different, but today’s guest is Linda fan again, and she has a new book out called Take Back the Game, which you can get at Amazon. The tagline is how money and mania are ruining kids’ sports.

And why. Now I think a lot of listeners today will agree that grit is one of the very important things that a lot of us successful people can attribute to. And one of those that I hear a lot from our listeners, especially most of our listeners are male, is that our parents made us go to baseball and support team sports like that.

I thought about today’s Linda coming on the show would be very beneficial for a lot of folks who have younger children or at least hear a different perspective. But thanks for coming on, Linda. Appreciate it. My pleasure. Yeah. So maybe give a start off just a little bit of background on what you did prior to writing the book and yeah, we’ll get going there.

I had another life before becoming. Before writing this book, I started actually being involved in the national security field. I was the national security analyst at the Kennedy school at Harvard for a few years then, took a turn and had kids. And then when they were young, I started coaching because I’ve always been an interested and competitive runner and I coached for 17 or 18 years. And throughout that time, I also picked up various project writing projects and became very interested in youth sports, both as a coach and seeing what was happening, from my perspective with the parents I was dealing with, which were high school girls as a high school running coach, and also with my own kids who are now in their twenties.

When I began coaching, we were young and, so I was grappling with the same, with the same pressures, probably lesser pressures then than there are now on parents to get kids playing sports. And the world fascinated me. It was so different from the way I experienced sports growing up and what I got out of sports growing up.

And there’s a very big difference between at least when I grew up. It was the general. I have a fun league in soccer and a lot of baseball. There’s a lot of like dynasty teams and different leagues where you have to pay some big bucks to get into. And it starts being right.

Very serious. Yes. And, I stand firmly on this side of saying that’s those expensive leagues and teams, especially at young ages. Not only a waste of money, but in the long run, likely harmful to your kids or not to their advantage, to play in expensive teams and leave. When they’re young, you’re paying, you’re lining someone’s pocket.

Who’s convinced you that your kids need this, that they, if they’re gonna get to the next level or whatever, there’s always some kind of platitude. why they need to do more and more, but when they’re young, when they’re not adolescent, yet the expensive time consuming games and leagues often do more harm than good.

The one, another thing I can think of is your point. There’s a lot of kids that quite frankly, aren’t really good at the sports that they’re playing and they wouldn’t even be. Play the dang game because they aren’t able to make the team or make the cut. It reminds me that a lot of the folks out there will do this like a little tax trick to call their kids models so they can write off, I think six grand per kid. It’s some whimsical thing that a lot of investors will do, but I. I hate to break it to you. A lot of you guys, but your kids are ugly. They’re not models, right? Oh God. I didn’t realize people did that. Yeah. People do that. I’m just joking folks. Geez. Same thing with sports, right?

Yes. Yes. And I think I was thinking about this today, that when your kids are in high school and they’re participating on some of the club teams, advertise themselves as well. We had X, many recruits, go off to division one, the Ivy league or the top tier division three schools, I think it’s really important.

You’re at that level to ask them some serious questions, because it is true that some percentage of those kids on those teams will be recruited. Very few will get any scholarship money. It’s a very slim percentage. But some will get admitted to a better school because they played varsity sports.

But it’s important for parents to ask questions of those leagues because for every one child that goes all playing college, which may not be the Nirvana, everyone thinks it is who knows how many more have been gone through all of this these years and years. Club play leagues play expensive travel teams that end up with nothing.

Most kids do not get recruited. So those clubs and clubs and leagues that promise it, you should ask for data on it because you’re not on a team chances. Aren’t good that you’re gonna go to play in college and you’re still paying the same fees and sacrificing all that time. But for those. So to catch some people up, cuz I wasn’t super familiar before doing this interview, like when does the club league start?

Some kids will start to play baseball and soccer and they’re like five years old. Do the club leagues start at that point or are there other major entry points that people will come to? It’s really entirely dependent on where you live and what’s being offered in your community.

What’s the culture where I live in New Jersey? It’s very competitive. It’s a very densely populated state. There’s a ton of people and a ton of ambitious people with money who want their kids to play sports. As a result, there are clubs. There are club teams available for second and third graders. And some of these kids travel.

So depending on where you live and who is like how saturated the market is with these private teams, they’ll offer programs for kids at younger and younger ages. In fact, in my town, I recently looked up one of our soccer programs and they offer soccer for U five, which is four year olds.

So I presume those aren’t travel teams, but I think starting in second grade, they’re travel. At least in my area. And again, it’s, I don’t know where you are. I can’t say for sure. It’s dependent on the area and sports tend to dominate in certain regions across as big in New Jersey, track and field is big.

Baseball is big elsewhere, so it’s somewhat region dependent and what are the kinds of the ranges, just again, a lot of people are just unaware of this, right? A lot of our investors. They grew up in semi lower middle class families. They just, they, they are like me and just go to the $200 a year league.

Like what do these club sports know? What are the ranges? It’s there’s different numbers that are thrown around, but the Aspen Institute, project play, Estimated that the average family that has children playing sports spends $693 per child per season per sport.

However, another study conducted by Harris poll. It was somewhat limited study. It was of 1,001 adults with at least one child playing competitive sports. and what’s key here is that they had to have $25,000 of investable assets. So they weren’t impoverished, some spent $500 a month per child. Some spent 8% spent $12,000 per child a year. It’s all over the map, depending on the sport. Some sports are more expensive than other sports. Nationally ice hockey is the most expensive sport. Yeah. And followed by, oh, I think field hockey and gymnastics are right up there too.

There’s a, there’s, it’s the predictable, the usual suspects are, would be the most expensive. Yeah. So I know you have a lot of the downsides, which we’ll get into in a bit, but before we do. Something that kind of comes up to my head. And I think I echo like a lot of our audience who are other type of parents is, like I don’t want my kid to go to the leisure league where they hand out participation trophies.

I would like them to grind and be up against some serious talent. Is. And develop grit. Cause if not, . If, and not for sports, sometimes the only point where they get to make it and, or break it is when they interview for a job. And that’s sometimes too late to figure it out at that point too, to step up and do their craft, and perform their pressure.

But what, what’s the, I bet you meet a lot of folks like myself and our audience. , what’s kind, maybe walk through some of them. The cons of that mentality. The cons of that mentality. I guess I totally understand and sympathize with that point of view.

And I think many parents have that perspective, that sports are there to toughen kids up a little bit, teach ’em some, to pull up their socks and get to work and stop moaning and, yeah. No blood, no foul, yeah, exactly. And I appreciate that. And I understand that way of thinking.

And I, although everyone moans about participation trophies, my kids never got one. That’s all I can say. I think, and maybe yours have, and maybe they’re more of a thing in the last 10 years that everyone bemoans participation trophies. I think what a really important consideration is, what age are you talking about?

If they’re little kids, if they are like in elementary school, The idea that they need to be around tough competitive players. And so they can, suck it up and belly up to the bar and hit the ball when they’re two strikes. I think that’s not a helpful way of thinking about kids and sports.

I think there is a time for that as they get older, as they’re in high school, when they’re more able to handle it emotionally and intellectually and physically, because they’re certainly not developed when they’re young, when they’re in elementary school. But it is also that if I think when parents have that kind of mentality that, here, your sports are, you gotta toughen up here that, you’re gonna play to become.

To build your character to develop your kind of warrior virtues, younger kids more often than not are gonna flee from that because the main reason they wanna play sports is because they wanna be with their friends and they wanna have fun. We parents come into it with another outlook, but when their kids it’s gotta be fun.

Part of the fun is when they’re good and they’re playing well, and they’re playing with other good kids. I get that. And you wanna give, you don’t wanna hold them back. The idea that this is gonna somehow Rob them of a future of being able to handle themselves in a job interview. I think that’s pushing it.

I would also argue, and that, the whole notion of grit has been such a celebrated concept now for years. And, I think it was Angela Duckworth who promoted it. And this is the new magic. Quality that kids need to be successful. And of course, we parents all want our kids to be able to hack it, to be able to manage and have resilience and stand back up after they have some kind of hardship.

But grit also can be an overrated virtue. There’s something to be said for. Not doing something you’re terrible at, after you’ve given it a go, as you were talking about with the team sports, like some of these kids they’re not great. Maybe they would be wiser to do something other than whatever that sport is.

Try a different sport, try a different activity entirely. That’s not athletic. Grit is I think kids. This generation of kids has been so indoctrinated about grit that they’ve lost sight of and parents do to some extent of what is it you’re going to be gritty about? Shouldn’t just grit for the sake of grit is not a virtue.

It needs to be attached to some valuable thing that matters to you. So I think it can be really overstated the value of it, particularly for young kids. They’ve got time to grow into, Those wonderful qualities that sports can deliver to kids. Very similar, like adults, like I’ll have a lot of calls.

Not many these days, but with like broke guys who are like, didn’t go to college, they don’t have that much money and they have this, they buy into this like hustle culture, which is the same thing. In my opinion. I tell these guys, yeah, you gotta get to, you gotta do something. I still have some value in the world, dude. Yeah. But like many of our listeners, they grind it through decades of school and work and savings and it’s something that I’m personally working on is getting away from the hustle culture and more finding spirituality and, but I dunno, that’s, I’m just aware of the terms.

I don’t know if it’s best for kids, it is for me. This, I don’t know if I agree with this, but to me, a byproduct of letting your kids search for themselves in the world. I don’t know why I say it like that, like you, but they’re gonna find, they’re gonna find themselves. I look back at myself. I was a fat kid who liked to play video games. If I wasn’t told what to do, go play baseball. I would just sit there and play Siana chrono tri for like hours on. Obviously, as a parent, you need to, sometimes you need to nudge your kids and get ’em out of the basement and off the TV, get outside or, go meet your friends at the park.

I, by, by, I’m a big believer in having kids that they should be the ones calling the shots about what they play because to the greater, the extent, the greater the decision to play is the parents, the less interested they’re gonna be. And at the same time, while wanting them to be the ones that lead the way, where are they?

Where are they gonna, what are they gonna play? How often. They also need to be nudged sometimes, they need to be yanked out of the basement and say, okay, what do you wanna try? Pick something. You need to pick something. Yeah. So there’s a balance between, giving them total freedom and, being the one, making the decision for them.

There is some nice middle ground there. And that’s what my current belief is, and I got like another couple of decades with. My child, cause you gotta search for finding that like thing that they have somewhat of an affinity towards and then having them grind a little bit at that.

But I mean that, that kind of goes into your first, your, one of your topics in your book. Do you specialize in one year round sport or you dabble and find that what’s your thought process there. The trend now is, as most people are aware, if you have kids and they’re playing in e-sports, everyone knows that there’s this emphasis on picking one and specializing picking one sport and specializing, and even in some sports picking one position in that sport and specializing it, specializing in it.

Now every medical professional psychologist. Anyone, any student of sports will tell you, this is a crazy idea that is not in the kid’s interest because for all kinds of reasons, it shrinks their interest to such a tiny thing for one. Yeah. And it’s also physical, the more you specialize, the more you play, one thing all the time.

The more likely you are to get hurt. And then what do you have? It’s like putting all your eggs in one basket. The specialization, certainly before high school, is almost universally condemned, except by the people who are selling it to you as something you need to do to advance your child’s athletics.

Yeah. And I’m glad you said that you there’s somewhat of a timeline here, right? Because if you just let a kid dabble all the way through high school, College there’ll be that Jack of all trades who has 15 minor degrees and no major. And then who knows what they’re gonna do after college at that point?

You and I may disagree on this. I’m a big believer in the generalists. I think generalists are what the world needs. People who have some knowledge on a lot of things that’s what you need to be successful rather than, obviously there’s some mix, but I think. Playing three sports. The three sport athlete is gone, a Relic at this point because yeah, kids are specializing, but they would be better off. If they could play multiple sports, be better for their bodies, it would be better for their mental health, for their ability to work with people and have different coaches, but that’s not what they’re gonna sell you.

Yeah. And I think I, I acknowledge both sides of what you’re saying, the specialize and then be the generalist. It’s just like how, like in the investment world, they say you should have a diversified portfolio. I don’t know why to say it like that either, but then you have the pros being like diversification is for idiots that don’t know what they’re doing.

So they need to generalize. So it’s the same thing, right? Each and I guess maybe let’s, if I were to you. Have two sides of this. You have the kids who are actually good at what they do and may be able to play in high school. D one D two D three 80% of the kids.

Would you say 80% of kids are just average, right? And well, 6% of high school kids end up playing in college. So it’s a pretty small number of kids who play at any level in the college division. One’s the most competitive and then two and three. It’s, we’re talking about quite a small number who go on to the next level anyway. Yeah. So let’s stick with the masses, right? The kids that barely can get on a JV team, maybe. Maybe a bench warmer in high school, right? Those are, I think those are the parents that are listening. That’s the masses. How should they go about, from, I guess from hearing you like, correct me if I’m wrong, but take ’em through elementary time, multiple sports, see what they’re good at and then specialize or, the core principle in my view is let them take the.

All of the sports experts will tell you, ask your kid what he or she wants and let them take lead. Introduce them to a lot of stuff. If you’re in, you have the luxury of doing that, you’re in an area where there are many different options. Give them lots of options again, not so that they pick one and like to narrow into it, but that’s so that they have a diversity of experiences.

If those, if that child wants to keep. Keep playing, have ’em keep playing, keep trying more things and very likely they’ll decide for themselves. I really prefer baseball to soccer or tennis versus, I don’t know, lacrosse, and they’ll narrow their own path and the more they make that decision, the more app they will be to stick with it.

Now in the middle school years They’re often school teams. It also depends on the area in my area. There are middle school teams and they can play for their school team. There will be a lot of pressure to join a club team. Then I would say even younger, depending on your child’s interest, if they are absolutely crazy for a sport and they are desperate to play, I think it’s fair to consider joining a club team in middle school.

But recognizing that once you’re on that team, you’re not getting off that train until they graduate from high school or the train crashes and they quit and they get hurt. So there has to be some caution. I would also advise any parent who’s thinking about whether or not my kid really wants to join this tra club and they love it.

And do this. There should be some awareness or thought on the part of the parent about what’s being given up doing this, because if we do this, there is another cost. It’s not just the, it’s not just the price of the league and time and all that. It’s what you are not doing with your, if you’re married, you have a partner.

You’re not doing it with your other kids. There’s a cost associated with joining one of these teams. So they should be done with a lot of thought in advance by high school. I’m a big believer in high school sports. I think they’re the best. That’s where kids have the most fun. It’s always said it’s the high school sports they enjoy the most.

When they’re in college, you talk about how high school was a fun time. That’s to me where parents ought to be the most enthusiastic and encouraging. And your opinion on team versus individual sports. I think from an application to real life, most people are employees, especially listening to this show.

And yeah you’ve gotta band up, play on a team and feel the celebrations of a team. Cuz if not, you’re not building your own damage stream. It’s building the team, some people like to get off on the team succeeding like the military, but yes, some of the minority of our group are entrepreneurs myself.

And it’s the idea is to gimme the damn ball, get out the way and let me score the, carry the team to victory and those. Those are sports like tennis or maybe track and field, but yes. Track and any general thoughts. Yeah. General thoughts on that? Yeah. See, when I, when you were talking about, oh, get out of the way, give the ball and let me score reminded me of Michael Jordan and that documentary a couple of years ago, about how he, rallied the way he rallied his team was to yeah he wasn’t as bad as Colby, right? Jordan is empowering. He was the man. But he made other people around him better. Bullying them into it a little bit, but, yeah. Yeah. I, I see, I guess I think that in terms of which is better, I think, or if it depends entirely on the kid and what they’re good at and what their inclination is. Some of these individual sports, they have a, like a little gloss of a team aspect because, even in tennis, there’s five matches. And the team wins if three of the, three of the individual, those players and the doubles teams, three of those, so there is a team quality to most of this stuff.

I just think it’s gotta be from, come from the kid, yeah. They may be inclined to do this individual stuff and push themselves. I’m a runner. Runners are often self congratulatory to say, but cerebral and independent and disciplined. And but that’s it, it has some qualities of a team sport when you’re on a cross country team. Then there are other things where you’re, if you have a shared goal a basketball team where everyone is working together, I think that has gotta build stronger team bonds than these individual sports do. And how that translates into the work world or real life. I don’t know. It’s probably really dependent on the personality of the person.

I imagine you could. Ask open ended questions like, how’d you do and how, how and see what they say. Do they reflect from the team side? I know if I asked my younger bone head self I’d probably if, if we lost, I’d probably claim it on the team, I went three for four with a triple and walk ,single, it’s more on me. I can’t remember what I was. I didn’t enjoy it. Sticking around with the teammates, eating after the game, we had a pot log. That’s all I remember. See, that was fun. Okay. That’s what you remember. Most kids remember the fun stuff. They remember going out for ice cream and that’s what they remember and that’s the fun stuff.

And there’s something to be, there’s a lot to be said for that mainly because, they’ll be more inclined to stay with it. If it’s fun, if it’s not a grind, Constantly. I would also caution some of your listeners if, if you are, if your podcast listeners are generally like have gotten by, on grit and, grinding it out as you put it and it’s very respectable. I think it can often be really hard to see the next generation lazing around and thinking I had so tough and, I was working so hard and it, there can, it’s easy to just make two. I think, to punish kids to some extent and toughen them up through sports to think that sports will be the way to toughen them up and ’em up and, I just would caution against that. I think sports when they’re little, should really be fun, cuz you want ’em to keep playing. So they have all the benefits of sports as they age and you stay active.

Yeah. Yeah. I probably think the same way, right? Like the son of a gun, right? Like I gave you this $400 carbon fiber bat, what do you mean? Gotta walk, even use the damn thing, right? exactly. Exactly. And it’s just, that’s the other point I wanted to raise. There’s a lab at Utah state.
Travis DORS runs the families in a sports lab that found that the more parents spend on their kids’ sports, the less kids like it. And the more pressure they felt. You go and buy a $400 bat or $200 goalie gloves. And, at least in our house, those goalie gloves became a dog toy and it’s it’s not helpful to them. It’s not, it’s getting too much parental, like per baggage, parental baggage gets involved there. Yeah. Just because we live in the best neighborhood and you didn’t grow up in the kind of the fringier area that we did back then doesn’t mean that I have to. Give it to you in the sparks world, but it’s hard to resist.

Yeah. Something that comes to mind, like have a lot of informal mentors that are like maybe 20 years older than myself, but , you know what, in general, these guys are like, 20, 30 million network plus and their opinion is like, look, we buy our kids, whatever they want, we totally spoil them.

They’re gonna come out how they came out. Cuz we came out. We did okay with what we had and we didn’t have much. So there’s no sense trying to control destiny or control face kind of their way. Mm-hmm I thought that was very refreshing. Especially coming from somebody who was a self made multimillionaire, they didn’t come through with. That is refreshing and it’s very counter to what you, I was expecting you to say. Yeah. And what I think you often hear. And I agree. I do think kids are pre, they’re gonna turn out, they’re gonna, they are who they are, you can shape it on margins, but it’s grandiose to think that it’s gonna, your influence is gonna be that much greater than that.

Let’s end here on a, kind of a fun topic. Everybody likes to, to talk about, which is. The bad coaches and the friends’ behavior for those people. Maybe people are aware, but maybe summarize these, these few issues that kind of come up and all you have to do is watch the local news or get on Twitter or something. And you can see these horrible stories of parents yelling and screaming at referees. Going ballistic at coaches. And unfortunately this problem, since the pandemic, since we’ve begun to come outta the pandemic has actually gotten worse. Cuz people are so enraged about everything these days.

And that to the point where there’s now like a referee shortage, it’s harder and harder for leagues to get officials. Also on the one hand, this is a real struggle for me in writing my book. Issues that on the one hand you have parents that can be out of control and just belligerent and determined that the coach is gonna do exactly what you want.

The parent wants. And on this, by the same token, as we’ve seen with the Larry Nasser scandal and pick your poison There are so many coaching abuses as well. So the parents have to keep their eyes on coaches, that’s the, there is the friction in youth sports is this adversarial quality between or adversarial nature of coaches and parents.

And, I certainly encourage parents to give the coach the benefit of the doubt and say, thank you, unless you’re the coach. And provided you’ve done your due diligence and you know that they’re not predators or malefactors of some kind, if the coach benefited from it and say, thank you or volunteered when they’re little or just accept the fact that your kid sucks you. Know no good. Yeah. Yeah. And grit, no amount of grit. They’ll get better. Grit will make your child get better. If they have it, but it’s not gonna make ’em great if they’re not inclined that way to begin with. And if they don’t have any natural interest in it, maybe because they’re not good at it, you don’t tend to like things you’re not good at.

So be real about that. Yeah. Yeah. It’s sad when kids are good at a certain sport, but they don’t like it and then they get pushed. Probably all the doc, probably the doctors are crying inside now doing it. Just kidding guys. We’re all the same, right? Included, happens to be good at math.

So their parents make, become, all do it. But yeah. Anything else that kind of closes us out that you think might be beneficial to them. Yes. Okay. You call our group out there. A simple passive, casual flow tribe, I guess doesn’t seem so passive. Yes. An interest, right? The recovering active, trying to be passive people. Yes. I was trying to make sense of your podcast clientele. I would say yes, I was thinking about it a little bit today when I was out running. And I thought that, if you’re like a conscientious parent and. You’re like, should I buy the $400 bat and this, $200 gloves I think, or spend $5,000 for summer camp at summer tennis camp?

I think it’s, you can always use sports as an opportunity to teach your kids about money also, to say. If you’re the kind of parent that is comfortable, talking about money and how you value it or how you wanna spend it, how it reflects your values. You can say, if you have, if you can’t afford it, if money’s not an object, you shouldn’t be spending all this money if you can’t afford it anyway, but say money is no object and you can pay for the $5,000 tennis camp.

You could say. I want you to understand that We can afford this. And it’s important to us. We wanna support your interest at the same time. We’re not gonna buy a whole new set of clothes or a whole new set of rackets for you, because that would be just because we can’t afford it. Doesn’t mean it’s wise.

I guess that’s the bottom line that you can use sports as a way to. Yes, we can’t afford it, but it doesn’t make it smart. And here’s why, because the more parents pay for sports, the more they invest in their kids’ sports, the less the kid enjoys it. And I want you to love tennis.

So while I’ll send you to this camp, we’re not gonna buy you four new racks. That there are a way to use sports to express your values. You can also say. You know what, I’m gonna send you to that camp, but I also want you to realize if you’re the kind of person who’s, philanthropist say that, we can afford this, but there are lower income families in our community who can’t.

And I think I want you to know that. If I, you, if we pay for this camp, I’m then gonna give a donation to a youth sports organization that helps underprivileged kids in our community. So they can play too, because I don’t feel good about the fact that by virtue of our wealth, you get to play and they don’t. So that’s another example. Again, I don’t know if your clientele, some probably are inclined that way, but it is useful, you can use sports as a way to express your values and how much you’re spending on the sports. If money is no object, there’s still plenty of opportunities to talk about how you want you, your money to be spent and why you’re spending it this way.

Thanks for jumping on and folks if you’re like me, your spouse says you can’t read any more entrepreneur or real estate or investing books, and you’re like, you hate nonfiction books. I would say this would be a good in between something a little bit different.

So again, the book is Take Back the Game, how money and mania ruined kids’ sports and why it matters by Linda FLANAGAN. It should be out by late August, early September. So check it out on Amazon. But thanks for jumping on guys. Thank you for having me. It was my pleasure to be here. And that’s the chill folks. I would like to share a couple stories from my childhood and as just offer as a data point, I’m not passing any judgment or, I’m not giving advice because that’s one of the tenants that we talk about in our family office, Ohana, I have a policy. We don’t give each other advice because.

That’s what lane parents do. And, here we are, we wanna add value to each other. So we speak from experience. So here’s my experience, when I, my sport, when I was a child was baseball and I, yeah, I think my parents really not, never really got on the bandwagon of sending the kids to all this stuff that we do today.

I got started, I think like when I was 10 or 11 playing baseball. So I couldn’t even really throw the ball when other kids had been doing the dang sport for three, four years looking back. I wish I would’ve, I wish they would’ve maybe signed up a little earlier, so I could develop as opposed to being like years behind the other kids. I eventually caught up, by then, you gotta do high school and that’s more important, right? Doing high school to get a GPA to go to college. At least that was at the time

And kind of the second thing again, like me, I think I wasn’t that great of an athlete. So I was probably like the 80% of the other kids who picked brass in the outfield and just wished the game was over. So we could hang out and eat a potluck. But that was really the only thing I remember. I remember there was one kid who had a hundred dollars bat at the time, which was like a fortune, which was the equivalent of a $400 carbon fiber bat. And I remember the kids around me and I think maybe messaging for my parents was like, why would somebody spend so much money on a bat and looking back on it, you.

Maybe that wasn’t the best thing that they could have said, right? Like maybe we should acknowledge that a kid’s parents are putting money where their mouth was, an advantage just saying, oh, that kid’s spoiled or that parent is spoiling their kid. Now I’m not saying that’s the best way, but I’m just looking back on the vivid childhood that I had. I can’t really remember too much of it. That was something I definitely remember. And I’m definitely conscious of these ways we view wealth, right? Like I think a very unhappy wealth mindset is, people look at very rich people and they look down on them saying oh, they’re greedy.

They take from other people. I definitely think today, the people who are affluent, especially entrepreneurs or business owners, they’re the ones that create jobs for everybody else. Sure. I think, in a way Michael Jordan beat up on people, but at the end of the day, he brought people up and, when people got on board, he was probably one of the best teammates that’s to, to me, a good business leader is, or even, even if in a company you’re a middle management or senior management are greater. And then the last thing to leave off with really the other memories I had was just hanging out with the other people. So after it’s all said and done, that’s really auto. Remember, maybe if you’re a parent out there, maybe you just take that for food for thought and we’ll see you guys next time. Bye.