Why Parents Are the Best Financial Teachers Kids Will Ever Have - Episode 120
In today's episode, I talk with Clifton Corbin, a dad who left his big job to stay home and teach his kids about money. He shares how we, as parents, can help our kids be smart with money—even if we’re still learning ourselves. We talk about the mistakes we made, why it's important to have money talks early, and how his free event, the Raising Generational Wealth Summit, gives families simple steps to build a better future.
About our guest
Clifton D. Corbin, RFC®, MBA, was a business consultant with over two decades of experience when he left the office to become a full-time stay-at-home dad. During this time, he authored his first book, Your Kids, Their Money, which focuses on providing parents with the skills and tools to teach financial literacy to their children. He currently hosts an annual virtual event in the early spring to help moms master their money and pass on a legacy to their children called Raising Generational Wealth
Clifton Corbin
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TRANSCRIPT:
Naseema: [00:00:00] Clifton d Corbin was a business consultant with over two decades of experience when he left the office to become a full-time stay at home Dad. During this time, he authored his first book, your Kids Their Money, which focuses on providing parents with the skills and tools to teach financial literacy to their children.
He currently hosts an annual event in the early spring to help moms and parents in general master their money and pass on a legacy to their children called Raising Generational Wealth.
What's up my financially intentional people? It's an honor to be joined by Clifton Corbin. He is an amazing person in the personal finance space. More amazing because he has this incredible summit that he offers to parents in particular called Raising Generational Wealth. And I just think that's first of all a phenomenal title.
But what this summit promises is just a no-brainer for [00:01:00] people who have kids. Our rich aunties and uncles are looking to have kids. So we're gonna talk about that. But first of all, welcome Clifton to the Financially
Intentional Podcast.
Chris Corbin: Thank you for having me. I appreciate it so much.
Naseema: of course. And then let's just talk about who you are, what do you know about this money stuff?
Chris Corbin: Sure. I'll give you my background. So my name, like you said, Clifton Corbin. I was a money nerd before It was cool to say you were a money nerd. So when I was growing up, I just wanted to know more and more about money. I, I had all the first jobs, the paper out, the lemonade stands I just wanted to get the paper.
But then I went off to college and I thought I knew what I was doing. I didn't know what I was doing. Got those early credit cards, went deep into debt and just made a huge mess in my finances. The first time I checked my credit score, man, it, it was rough. It was not what a credit score should look like.
It looked more like a speeding limit than a credit score. [00:02:00] So I did the quick 180 and I said, okay, I need to educate myself. I need to learn what I thought I knew I need to actually learn this. I need to learn how to put all the pieces of personal finance in my toolkit so that I can actually start, having some of that financial independence that we all want to have.
And then after I did that, after I was like, okay, I think I've got this. I think I understand what I'm doing. I'm like, how do I help other people avoid those mistakes that I made? Like it's one thing to do for yourself, but it also we need to do for others as well. So my thing has always been helping.
I. Young people, as young as possible. The kids in our lives learn these lessons, all of these lessons, so that they, like I said, they can avoid some of those mistakes that I made. But to do I need to help parents. So I'm an author. I've written a number of books. My first Book, your Kids Their Money.
It's just that, it's a toolkit. It's a guide to help parents. Raise financially literate children. So I talk about all the different things that you should be talking to with your kids and how you could talk to them and the different games and activities you could do [00:03:00] with them, because I really think learning these things are so critical, but we need to do it before our kids need it.
So that's why I do what I do. So I call myself a financial literacy advocate 'cause I really, really advocate for more financial literacy in in all spaces. So that's who I am. That's what I do. So that's my background.
Naseema: I love that and I love the financial leadership advocacy, but more importantly that you speak to these things before people need it. And that's what I love is like people think that they have to get to a certain point before they learn about finances. I thought for sure. Like I have to make six figures first, then I figure it out.
And I got there and I was just like, wait. But I don't even understand these basics. So I like had to backtrack. And that's the same thing, like how my platform started. It was just like, wait a minute. I should have known these things before I got here because it would've helped put me in a better position.
And I was just like. I was already in debt. I already had all these kind of things. The same thing. I went to college the [00:04:00] same time with the credit cards being thrown at you. My credit score was in the trash. Like all of these things that I had to learn like way, way, way, way, way too late.
And as parents. Especially if you don't have a strong financial foundation, it is extremely challenging to raise financially literate kids because you are still like, I don't know how to figure this out. Like, how do I teach my kids this? And so I love what you're doing. One thing I do wanna really highlight, and this is just because of my platform, and people reach out to me every day and just but I'm Canadian. Like, how do these things like apply to me? And you're Canadian, you're in Canada, but. A lot of times some of the things that I talk to and talk about don't translate over, across that border. And so for you as a Canadian how do you think your approach is different or [00:05:00] similar?
To like my audience, who's mostly American, I'm gonna say, but I do have a lot of Canadians, but they're just like, but where do I go?
Chris Corbin: Yeah, no. So my audience, it's, to be honest, my audience is mostly American as well, because you know the basics of personal finance, they span borders, they span, currencies. So it's not so much, do I invest in my 401k or RSP, which is the Canadian equivalent. It's, you need to be investing for retirement, right?
It's, you need to make sure that you're not spending everything that you get. Once it comes in, you're putting some money aside. You know that pay yourself first mantra, make sure you're putting that money aside so that it's, being, it's able to grow while you're doing all the other things to maintain your life and your lifestyle.
So the country context, honestly, I don't think it, it needs to apply. Again, there's gonna be specifics, right? What specific account, or maybe this bank offers you a better rate than that bank. So there are certain things that come into it that are different when you go from one country to another.
But really the fundamentals as far as what should you be doing with your money and how should you be spending your [00:06:00] money? And, should you be, focusing on retirement planning, or should you be focusing on debt reduction or all these little pieces, are you properly insured?
All these pieces of personal finance, they, it doesn't matter what side of the board are you live on, it's really just making sure that you're doing the things in a systematic, hopefully a systematic approach to get you to your financial goals. Because none of this stuff happens quickly, but. If we're not intentional with what we're doing, then it doesn't happen at all.
Naseema: Exactly, and I love that because a lot of times. That's one of the barriers that people just artificially put in front of why they don't do the things well, you know what? I'm not Canadian or I'm not American, so these things don't apply to me. Those concepts, like you say, cross borders, these are concepts that it doesn't matter how, what kind of currency you're spending in, and it doesn't matter.
Those things don't matter. So I only bring this up so that people can remove that barrier immediately and say that these are things that they [00:07:00] can implement for themselves and for their kids. And I don't know if this is strategic for you, but it is strategic for me to talk about like kids money, right?
Like raising financially literate kids. With the caveat that I really wanna help the adult,
but
Chris Corbin: No, it's, it's,
Naseema: but sometimes they don't listen because they already have this thing like, I already messed up so much, I don't have any hope, but I can do it for my kids. And so I'm like, okay, lemme show you how to do it for your kids, but I'm really doing it so that I can teach you that
it's
Chris Corbin: is like a sneaky backdoor.
Naseema: yes,
Chris Corbin: No. Here's the reason why it works that way is because. Sometimes we don't put ourselves first, right? We don't value our wellbeing as much as that of our kids. And as a parent, I'm a parent. I've got two kids. They're my why. They're the reason I do almost everything I do is because I want to set them up [00:08:00] for success.
I want them to have, hopefully, a better life than the life I lived. And that's most parents, right? That's why we have our kids. We want them to hopefully experience better than what we had, using your children as a why is a great reason to start saying, okay, if I want to teach my kid, if I want my kids to understand money more than I did, then I'm gonna have to start understanding some money myself.
I'm gonna have to start getting some of these concepts, which is actually part of the reason why I'm doing the event, which we'll get to, I'm sure. But it's a great way to say, how do I. How do I overcome this barrier that's been keeping me from learning? And it's because there's this greater purpose that of our kids, there's this greater purpose that is drawing me to learn and drawing to me, to educate myself, to learn the things that I didn't learn at a younger age.
And I think I. It's a generational thing as well in that there's a whole generation mine and, older. We didn't talk about money. That's not something we talked about in the family. We, it was taboo. It was like, that's, what are you doing? That's rude. That's, it's all these [00:09:00] things, right? We put all these feelings behind it.
But if we're not having these conversations, if we're not talking about money, then we're not getting a chance to learn. And, that's how mentor mentee relationships work, right? It's this is what I did, these are the struggles that I went through. And if you can hear what I'm saying, and you can learn from the trials and tribulations that I went through, maybe you won't have to go through them as, as well.
There's so much value and benefit from having money conversations, but we have to have them, and it, really is on the parents to start those conversations to be welcome to having those conversations. So when the kids started asking you, how much money do you make? You're not like, Ooh. 'cause if I would've done that when I was younger, mind you, my parents were okay talking about that.
But for a lot of parents, they weren't.
Naseema: is not, yeah.
Chris Corbin: But when your kids come up to you and they ask you like, how much money do you make? And they ask do we have enough money for this? Or can we buy that? You have intentional fulsome conversations. You engage with that curiosity, you feed that in that curiosity, and hopefully by feeding that curiosity like.
When [00:10:00] I advocate for more financial literacy with kids, I'm not saying, go get a whiteboard, sit down by the fireplace and start with like textbooks and going through, it's not what I'm talking about. What I'm saying is, engage with your kids in an intentional way. And when they come to you with questions, you answer them honestly.
You don't wanna put any undue burden on them if funds are tight, what have you, you still have to respect the fact that you're the parent, you're the caregiver. You need to. Put some barriers up. You're not gonna tell them if things are too bad, but you do want to say, Hey, this is how I earn my money.
This is what we budget our money for. This is why when we're at the grocery store and you say, can I get this? No, you can't get that because we've budgeted our money this way. We have to pay for these bills. Our kids are lucky, like. When you think back, we weren't responsible for taking care of any finances until we're responsible for taking care of ourselves, which is the way it's supposed to be, but they need to understand what are all those things happening in the background, right?
You're paying for this field trip, you're paying for the light bill, you're paying for the phone bill. You're paying for the [00:11:00] food in the fridge. They need to understand how that happens and why it's happening the way it does. And that way when they're older, when they're now out on their own, they'll have it.
They'll know what they're supposed to do. They'll know that, when they get that paycheck in, they shouldn't go spend it all on, this or that. They take a little bit of it, put it in a savings account, put that savings into an investment eventually, and then it's growing, and then they're okay.
Naseema: And I wanna emphasize that those lessons that they get from you for having those conversations are the ones that stick. It's not like the conversations that they have in economics class that maybe stick. It's those like seeing those applied lessons like they see. Okay. Now I know how much money you make.
Now I understand how much the mortgage, the rent is. Now I understand like how much groceries cost, and they're able to. Really process that a lot better than somebody like putting up that whiteboard and saying, this is how money works, this is how things like, [00:12:00] and so those conversations are super important and I know money conversations are super taboo, especially for our generation above.
And that's my job, like to,
Chris Corbin: Gotta break that
down.
Naseema: that down because it just doesn't make any sense. It does not benefit. Anybody else except for people who are trying to financially oppress you. And I just, want people to understand that like it's okay to talk about money. It's okay to share those things.
It's okay for your kids to ask those. Questions, and it's not an insult, it's because they're just truly trying to understand how money works. Especially now, like with us growing up, we had paper money. We had to go to the store. If our parents sent us to the store, you bring back that change and you better bring back the minor amount of change.
So you used to know how to count. My daughter, I sent her to the store. She used to a credit card. She just knows that. Yeah, she just knows that the money comes from somewhere. And unless I have those conversations. Like [00:13:00] she won't know. And my kids are really young and my oldest is 10 and she's just now starting to understand and see okay mommy, you didn't go to work tonight.
If you don't go to work, does that mean you don't get paid? And if you don't get paid, what does that mean? So does this mean that we're not gonna be able to eat? Does that mean that we can't do this? Does that mean this? And I'm like this, those, that is a very good question to
Chris Corbin: Yeah. The
processing.
Naseema: Exactly. But it's because she's had. To listen to me
Chris Corbin: Mm-hmm.
Naseema: about money for all these years. And so now it's starting to click and I've had these conversations since she was about three,
Chris Corbin: Yeah. Yeah,
Naseema: now,
and it takes that long. And so I love that. I feel like you're starting at the perfect place because number one, it's not taught in our education systems.
I know there are people that are proposing it and putting into schools, but still, even if it is in those situations, it's not going to be the same as having those [00:14:00] conversations in your household where they can see the effects of is coming in and coming out. Yeah. I think these are so powerful.
I think having these conversations will shift these parents' relationships with money, and I think that's the most important thing. And, we are so inundated with messages around consumerism and. Spending and all of these kind of things that is hard to change that switch in your head.
That is more about, let's talk about like building wealth and what that really means, and shifting those conversations around not just not being able to afford something. It's about what can this money do for us as a family? And so I think those conversations lead to that. And having those conversations over and over and over break that cycle of like consumerism that our kids are inundated with right now. All everywhere they go. My 1-year-old went on my phone and knows that the McDonald's advocates where she gets [00:15:00] french fries. Okay. it's everywhere. Yeah.
Chris Corbin: No, we're just, it's ads everywhere.
When I was growing up, I watched a basketball game. I watched a basketball game. I would grow up. I'm watching a basketball game now. There's ads on the court. There's ads on the
jerseys. It's everywhere.
Naseema: everywhere.
Chris Corbin: Ads on the basketball net, it's everywhere.
Naseema: And it has to be our responsibility to change that. And so that's why I love that you have put together this summit that gives. A whole lot of people voices to, and a whole lot of different experiences that people can learn from in order to raise money, smart kids, in order to have these conversations, to normalize these conversations because oftentimes you can't hear.
From just like one person. And you need to hear these messages over and over again. So let's, talk about the summit that you have, why it's important and why it's a no brainer for parents to partake in it.
Chris Corbin: Sure. So the summit is it comes from a lot of the [00:16:00] conversations we were just having where I spoke to so many parents and I tried to encourage 'em to talk to their kids about money. And the comment that kept coming back over and over again is, how do I start talking to my kids about money if I don't feel comfortable with money?
And I was like, okay, I hear you. I'm gonna do what I can to help resolve that. So that's what the event is. It's really an event to help people start feeling more comfortable with their money wherever they are on their money journey. So whether it's, you're dealing with some debt, student debt, or, credit card debt or what have you, I've got you.
If you're starting to think about how do I start taking this money that I've started to save? What do I do with it? You wanna start talking about investing? I got you there too. So really the event is. It's an annual event. It's called Raising Generational Wealth. And like you said, I bring a bunch of voices to the table.
The event is free, that's why it's a no brainer 'cause it's absolutely free for you to go. And they give quick 20 minute sessions with actionable tangible. Plans. So what I've asked every speaker, this is, my second year running it, sometimes you hear these things are free and it's like a webinar where it's here are all your [00:17:00] problems now.
Just buy from me and I'll solve them. And I was like, no, that's not what we're doing here. We're trying to help you get from. A to B. Hopefully we can get you from A to Z, but let's at least try to get you from A to B. And each one of the sessions we'll do just that, right? So here are some things that can help you start to, either take control of your spending, take control of your debt help you start investing, help you build that emergency fund, help you set some of those financial goals, start doing the things that you know you need to do, but you just don't know how the, how yet you're still trying to figure out what is.
The next step. That's the way I see the event. It's like every session should be okay. If I come into this session, when I leave here, I know the next step. And hopefully that can start building some momentum to get you to reach your financial goals with the intention of as you learn more.
You're also teaching your kids. So a couple of the sessions mixed in are sessions specifically about, okay, here's something about, investing for kids, which is what I think someone I know is gonna be talking about. So it's about helping not just the parent, but then helping the parent know what to say to their [00:18:00] kids so that their kids could start learning some of these essentials as well.
And the goal, like I said, it's really to help you start building that confidence, building some momentum, building some. Internal fortitude to know that you're moving in towards your financial goals, whatever those goals might be.
Naseema: I love that. I love that. And it's not just like one topic fo that you're focusing on. And that's the beauty of a summit. Not only do you have an array of speakers, but everybody has their own expertise. Everybody has their own background. Of course I'm gonna be one of the speakers.
Yes, I will be talking about investing for kids, but it's coming from a viewpoint of, I. Paid off like $200,000 in student loans and I didn't want that for my kids. And so I started to set things up for my kids so that they wouldn't have to start from a negative or start at zero and why that's important and, but there's gonna be a whole bunch of other speakers that talk about different things and I just feel like.
[00:19:00] There's so much that can resonate with people. There's so many different experiences and opportunities to learn. But let's talk about some of the other things that you hope to be able to share at the summit.
Chris Corbin: Okay, so the summit itself, I like last year, it was a blast, so I'll just give you a bit of what you can experience. There's a exclusive Facebook group for anyone who joins the summit. In the Facebook group, many of the speakers just hang out. So if you wanna ask questions, you could just mingle with other, very motivated, very engaged parents.
I give out a ton of free stuff in that Facebook group. It's tons of prizes. In addition to that, we do a bingo. So again, I'm offering a ton of free stuff with the Bingos, so all you have to do to play the Bingo is watch a couple sessions, do a couple activities. Again, I'm just trying to hopefully move people forward on their journey.
Again. If I can do that by offering a few free prizes. Sure, I will do that too. So there's bingo, there's the Facebook group. I'm gonna be doing a live q and a session, so if you have questions, like specific questions, I'm gonna gather a [00:20:00] bunch of the speakers together and they will be part of a live q and a session so that you can get your.
Questions. So that's the thing too, right? Like sometimes it's not just about watching, sometimes you just need a question answered. So the Facebook group, you can ask questions in there and some of the speakers will respond to that, or you can attend the live q and a session so the speakers will be able to respond to the questions there.
And then again, each of the sessions will be tailored to help you move yourself forward on your financial journey. So just like I said, I try to do. It's tricky, right? Because there's so many different places that you can go. 'cause there's so many different pieces of personal finance that you could tackle and that's why this is an annual event.
'cause my goal is to keep doing this every year so that if I can't get it this year, maybe I get it next year, but every year try to grow and build and make it a little bit bigger and be as inclusive as possible to make sure that, if you're like a middle class family and you're just.
You're feeling money, stress, especially that one for me, 'cause it relates so heavily with like me and the audience that I know I have those money stresses that just keep you down. That you're like, I know I need to make a change, like this isn't [00:21:00] working for me. Whether it's, your paycheck to paycheck or you just feel like the debt is building and you don't know where to get relief.
I want to make sure that I'm helping you and that I'm able to help you move forward on your journey wherever you may be.
Naseema: I love that. One thing though, that I find is that now more than ever, we have so much access to information and some maybe like a summit like this may present to some people as oh my God, this is like too much information. Like how do I process all of that? And it sounds like you had some built in like ways to make sure people are like the sessions are.
Actionable. You have a group, you have a place to ask questions. You are putting together prizes so that people like do take that action. Like they're actually just not registering and thinking that they're doing something by registering and not watching the videos. Like it incentivizes people to participate.
I love all of those things, but I also know that there's a lot of parents that are just like. This is a summit. This is a lot of information. [00:22:00] Like how do I even process this? Like how do I work through this? What do you say to those people who are already so overwhelmed?
Chris Corbin: I hear you and it's tricky because I totally hear that and I'm a parent, I know how, stressful it is to be a parent, especially be a parent and trying to learn new skills, learn new things. So I've tried to do my best to make it as accessible as possible so that each session's available for, I think, 48 hours, so you have enough time.
And I drop like a day's worth of sessions. And give you 48 hours so that you can, fit it in with, while you're making your dinner. Or you can binge them all at the end of the day or in the morning, whatever works for you. So I try to make it as easily accessible as possible.
And then of course, you could always, if you want, you could buy the replays. And then with the replays, I also make sure that I'm throwing in a bunch of bonuses because, replays are great. Again, I wanna make sure that you have access to the information so you can buy the replays and have lifetime access to them.
But if you buy the replays, then you also get a bunch of other bonus materials. So there'll be some courses there, there'll be some workbooks there, there'll be some the [00:23:00] transcripts and all the slides will be there. So it's a bunch of other material along with it. So if it does feel overwhelming, which I know I understand, sometimes it can feel overwhelming when you've got 20 plus speakers all giving sessions on things that you really want to know more about and understand.
So I try my best to make sure that even. If it's, that time of the week isn't working for you, or you just, life starts laughing at you, you can just, you can buy the past and then you can have access to it for life and then come back to it later, if that makes more sense for you.
Naseema: No, I love that. I love that. And this is the second year doing this. And so I know that there were some lessons learned for the first year, but was in the first year. Was there anything that surprised you? Like the takeaways from the people that participated last year?
Chris Corbin: The speakers of the audience.
Naseema: The audience.
Chris Corbin: the audience. I was, so this is just me, because I'm a tech guy and I just assumed, I was like, there's gonna be, I'm gonna be on deck dealing with customer service complaints and there's gonna be some glitches here, and something like that. It was so smooth. [00:24:00] I'm not trying to pat myself on the back or anything, but honestly that was the biggest surprise for me because I would just, in my head, I was like, I'm gonna be fielding emails this whole time as people are trying to get to something and they can't get to it.
It was just so smooth. And then the other piece of it was just the positive feedback, the encouragement that I got from the from the audience members. They liked the content, they liked the format. They thought the theme days that I had were all g were great. So it was.
It was so encouraging. I was talking to someone just a couple weeks ago and they're like, I know how much it is to hold something like this. And she asked point blank, she's was it worth it? And I said to her, I was like, if it was just the one time, maybe not, I. But then when I got all the feedback and I realized this is something I'm going to be doing again and again, I was like, it's totally worth it.
'cause I got some feedback from people who are they said it changed their lives. And I'm like, that's feedback like that. And you're a creator. You do your podcast, you have all your products. We don't always hear anything. We put it out there and it goes into the eva and you
Naseema: crickets.
Chris Corbin: You're like. I hope that was helpful. [00:25:00] I really want this to be helpful, but I actually was able to get some feedback after the event. I, did a satisfaction survey and the feedback was overwhelmingly positive and, folks really liked it. And I was like, okay, now this is something that I'm committed to doing again and again.
Naseema: No, I love that. Was there anything in particular from the speakers that you heard,
Chris Corbin: No, it wasn't anything specific. It was the one that's, that comes to mind is a friend of mine who I'm hoping I can pull him back in after he made this comment, he said to me, he is like, it was his first time participating in something like this. And he is I didn't know what. I could have gained from this.
He's I could have made, had I recognized what you were doing, how amazing this event was going to be. I could have made this so much more valuable for me as a speaker. He's if I just, if I told more people about it, if I would've, maybe committed to offering a few more products for the past or what have you, he's I could have made this into a huge success story for me as a creator, as a therapist, just as A [00:26:00] finance person in the space. So I was like, I hear you. Maybe I'll just have to pull you back. So he didn't get in the first one, and I'm like, maybe we'll get you in the second one. So it was more just I and I get that like it was something that for him it was new. Some folks have done these before, some haven't.
I try to get, like I said, and you made the comment earlier, I try to get diversity of voices. So I try to get folks who've been in this space for a very long time and some folks who have been in it for a little bit less time, so I can help them start building up their voice and give them a platform to share what they know.
So I'm doing my best to again, give a, a platform for diversity of voices because I think we all have something to add to this space. Everyone's gonna take something differently as a speaker, but as long as they're they're offering, valuable content to the audience, they always have a place in my event.
Naseema: And I have participated in summits like this, and I find them valuable because typically you get in front of people that you're not typically in front of, and it just. It's [00:27:00] encouraging to like, get the feedback from people. I've never heard this before. I didn't even know that this was possible.
And so I love participating in these things. Just for that, like I love sharing my story. I love sharing wins. I love sharing actionable things that people can do. And so I love this format of teaching because it just exposes you to so much that so many people that you just, can't reach any other way.
And so I love this as an avenue to get information out. But then as a parent, I'm just like, man, these things should be prerequisites, like in your premier prenatal classes, like before you come up here.
Like
Chris Corbin: I wish we joke about how there's no manual for parenting. This is what we need in the manual. If there was a manual, we
we need this to
Naseema: a manual. Yes, definitely. Definitely. And so like I encourage everybody who's a parent, aspiring parent, or someone [00:28:00] that you know is a rich auntie or. Someone that, needs to benefit from this information to share these kind of summits because they're life changing. They're life changing, the information.
I'm sure the information. Even if you don't do everything, you could do one thing from all of the sessions and it changes your family's financial trajectory. And so just to have the opportunity to have so many touch points to do that so that it relates to what, whatever part of life that you're in is super.
Impactful. And so I just love that it exists. I love that it exists. I love that this is a tool for people to use. Now I want you to talk about timelines, like actually like what people can expect, how they can use the information. How do you think that, they can best implement it in their lives?
Chris Corbin: Sure. So as far as the event itself, the event's gonna start on April 30th. It'll be April 30th, May 1st, May [00:29:00] 2nd each day. Like I said, I'll drop a bunch of videos. Those videos will be available for 48 hours. I. One of the things that will be available with the the pass that I mentioned will be some type of a checklist workbook, so you can actually start working through some of the information in each one of the sessions.
So it's a nice way to say, okay, I got this thing, now what do I do with it? So again, something to take away and give you a chance to actually start working on implementation and making sure you actually caught the concepts and have some type of an action plan to start implementing it. And that's just it.
That's, I love how you said that. It's great to hear these things, but it's really about putting them into action, this, there will be, a ton of sessions. There's gonna be a ton of content. I love, that's one of the reasons why I also have the pass, is because, sometimes you hear it now, but it's, you're not ready for this one now, but you need this one now.
So it's I'll do the things that are suggested here and then maybe I'll come back to this video, in two months, three months, what have you, and then I'll start implementing that. So it's really about saying, what are the things that really can impact my life right now? [00:30:00] Watch those sessions, implement what the action plans are.
Every one of the speakers is probably gonna have some type of a freebie that they'll offer along with the session. So that usually also helps you have some implementation steps, some next steps, something you could do next so that you start to take action. 'cause the session itself, knowledge is great, but knowledge without action is, it's just information.
It's, I won't say it's noise, but it's not enough. We need to actually take action. The other thing is, I'll mention in my kickoff call probably is it's about taking action and saying, I'm going to use this. I'm gonna be intentional about using this information and commit to myself and my family that the things that I hear during these three days, I'm going to actually take some action on it.
So hopefully, again the Facebook group will act as a bit of an accountability because I'll be asking you like, what are you taking away from this session? What are you going to do with this session? The other speakers will do something similar. It's, I try as best I can, is to build a bit of a community around the attendees for those three days to say, [00:31:00] here's the information now what do you think you can do with it?
And then hopefully the speakers also jump in and with the Facebook group and with their sessions and with their freebies and with all the other stuff that I'm doing to actually say, okay, here are the next steps for you. Because like you said, you need to implement.
Naseema: Yeah. I wanna talk about the objections people would have before joining, right? Because I can hear people being like I'm just not ready. Like I need to get to a certain place. I haven't even set up my IRA, how can I do these things for my kids? Let's talk about some of that.
Like where do people need to be in their personal finances? Where do they need to be in their life to be able to benefit from this information?
Chris Corbin: how you brought that up because you mentioned it earlier, like we have these thoughts in our head that we need to be in a certain place before we can take the next step. The time is now, right? What is the saying? Like, when's the best time to plant a tree? 10 years ago or today, right?
It's if you really want to make a meaningful change in your life. [00:32:00] The best time to do it is now. And I hear that, one, we're busy there. There's no end of tasks that need to be done, especially parents, like we're doing stuff for ourselves and we're doing stuff for our kids. So there's no end to the number of things that need to be done, but.
We need to take time. We have to take time to work on us because no one else is gonna do it, right? No, everyone's gonna be pushing stuff on us every day, whether that be a boss, a child, a partner, like we are constantly going to be bombarded with more and more things to do. But if we're not taking a time out of our lives to say, no, this is a moment to better myself, then we won't be able to move ourselves forward.
So I hear you with regards to busyness and time. You need to prioritize yourself, right? If we're the only ones who could prioritize ourselves, so I'm saying do it to prioritize yourself. And I'm saying three days. Three days is not a big ask, and in those three days, I'm not even asking for the full days.
I'm saying take a couple minutes out of those days. If you need to watch the sessions on one and a half speed, watch the
sessions on one and a half [00:33:00] speed. I've got, I think my player can go up to four times speed. I can't understand it. Everyone sounds like a chipmunk. But if you need to listen at double time or quadruple time, you do what you gotta do.
But take the time to listen to the sessions and then start taking some action. So busyness, I hear you, but we have to prioritize ourselves. As far as where you need to be in your life. These sessions are made for people who are where you are, right? Like I try to say we need to, I say this to all of my speakers, we need to go to where the audience is, right?
So we're not saying, okay, once you've got your million dollar portfolio, then you can do this. No. Once you have a paycheck, once you have a child, once you are in front of the screen with the internet connection, that's when you can start doing these things. It's not in 10 years from now. It's not in 20 years from now.
Right now is the time we need to start taking action because right now gives us the most. Runway to make the changes have an impact, right? So if we're talking, investing, great example. If we're talking [00:34:00] investing, best time to start investing was 10 years ago, but if not 10 years ago, it's today because we need time for our investments to grow and weather the ups and downs and do all the things that's going to happen.
But over the long term. They typically grow. And if we give them more time that long term, if we give that long term more time to be a long term, they will grow more, then we could start having compounding effects, then we can start getting more growth. So it's really about doing it now because we need more time for all these impacts to take effect.
So there's the rationale of doing it now is because of time. I'm trying to think of any other, I, for me, it's a no brainer, right? I'm like, this is a. I, and the funny thing is, I'm doing this for the people. I'm bringing together amazing experts who know what they're talking about, who've been doing this and they've been studying this and they've been working this.
They're financial planners or CPAs, they're financial coaches. This is what they live and breathe. So that, if that's an objection as far as I don't know who's going to be. Like these are people who [00:35:00] live and breathe this information and what they live and breathe to do is help and support other people.
Those are the only people that I have come to my summit. I don't have the crypto bros come to my summit. Like I, that's just not what I do. So if you're in it to make some quick cash and figure out a quick moneymaking scheme, don't come 'cause I'm not there, there won't be anything like that for you if you're looking for, an opportunity to.
Pay down some debt and start increasing your net worth and hopefully build up an investment so that you can retire one day and so that your kids can go to school one day and so that you can reach financial goals that, in my opinion, are realistic. This is the event for you, but if you're hoping that this is a, make money quick and then I'll be, in this MLA, no, that's not what this is.
I'm not a part of any of that. I'm about, slow. Methodical, do the work and then get the results. But you have to take the time to focus on yourself, and that's the type of people I have to come to that I [00:36:00] have coming to my event.
Naseema: I love that. I just wanna say, nobody is coming to save you, and these things that we talk about are things that. Do take time. However, once you start to implement it, it's crazy. It's just like when I set off on my path to pay off a million dollars in debt, which is like this whole Click Beatty kind of story.
Like I set off on this path and I just knew I needed to put one foot in front of the other. I did not see the finish line, but guess how fast I paid off that million dollar in debt? Just because of the intentionality it was. In under three years it was gone and so it takes time, but probably not as much time as you think and it's, but it's not get rich quick.
It's about starting now and taking those steps. When I share about my daughter's investment accounts, like people are like amazed at how much she has like in our 5 29, and that's just because it's her oldest account. She, I have contributed more to her later accounts than I did with her [00:37:00] 5 29. But it's because I started that when I was three because I was the first account that I knew to start saving for college for her.
And so even though I stopped investing in that account years and years ago, it continues to grow and grow and grow and grow and grow. And there's no amount of money right now I can put in that account that's gonna outpace the rate of the growth because I just decided to start. And that's where I just want everybody to be like, just decide to
start.
And this summit is a great place to start. It's gonna give you that great foundation of knowledge that you need. And another thing I think people get caught up on is that they think that they need to know all of this stuff and know it like the back of their hands before they get started.
No, you don't. You need to get started and you learn along the way and you're able to refine things along the way. So don't let that. Analysis paralysis or that thing like I have to consume all this information before I'm ready. Stop you from taking [00:38:00] action. We're all gonna give you steps that you can do right now to get started.
My step is gonna be easy. Open this account. This is how you do it. This is how you do it. If you put $5 in that account,
you are a million times ahead of if you are just like, I need to wait until I have a thousand dollars. Which you probably will forget once you get a thousand dollars to go back and start.
So just take the information, the whole thing is to get started now. Get started now. Don't let your fears, don't let your indecision get in the way or whatever things you have internalized about money, a lot of people have money, trauma that they haven't overcome, and it stops them from doing things In recognizing all of those things is not gonna heal until you take intentional action and.
This summit in itself is a platform where you have the information and the tools that you need to get started. So again, just like you, it's a [00:39:00] no-brainer for me that everybody should participate in this. It's nothing that's holding you back. So where do people get all the information? How do they join?
Do they have to wait to start like getting this information? Like how
Chris Corbin: Great question. Okay, so the easiest way to go is so you'll have a link I'm sure, attached to this pod. And if you can't go to. Then they can go to raising generational wealth.com. But I would encourage you to go to your link just because I wanna know who's coming from you.
'cause
I, I wanna, I want your people to be your people. Yeah, so go to the link. The summit's called Raising Generational Wealth. It starts April 30th of 2025, but it's an annual event, so you can, or if you hear this in 2025 after April. Check back next May or next spring for 20 26 1, but April 30th, May 1st, May 2nd.
I'll be dropping the videos on each of those days. You can also check me out. You can go to clifton corbin.com. That's my website and that's where I have most of my information as far as how to help. Teach your [00:40:00] kids about money. I'll probably have a session at the at the summit as well. You can check out my session there.
I also have a resource that I I offer parents as well. It's just a, it's a fun activity book for kids. It's called it's at kids money workbook.com. Sometimes you just wanna give your kid a little something to work on and, figure out some fun money activities to do and.
Maybe give yourself a break while they work through it. So you can go to kids money workbook.com and you can get some fun, some activity sheets. But as far as the event goes, raising generational wealth April 30th, I hope you come. It's absolutely free. There's no cost to, to attend all the sessions.
It's gonna be wonderful. It's gonna be amazing. I'm super excited for it. The see Mom is super excited for you to speak at it, so it's gonna be it's gonna be great.
Naseema: So as far as community in the Facebook group, does it just open and close with the summit, or do people have access to it longer?
Chris Corbin: So it's meant specifically for the summit. So it'll run during the week of the summit. It runs actually from the time that , we start promoting the summit. So about two weeks before the the summit starts, the Facebook group will [00:41:00] open, and then about a week after the summit ends, the Facebook group will be closed down.
But during that time, there's activities in the, in there. It's a good time. It's a good time. So two weeks before April. 30th, which is about April 14th, April 15th. The Facebook group should be open and hopefully live in there.
Naseema: Yay. I'm excited. I'm excited. All good things coming in April. Okay. Besides your taxes being due. So you guys, I'm gonna have all the links in the show notes. Please click through my link to get to the summit so that, Clipon knows that it's coming from me. But yeah, I'm excited for the summit.
I'm excited to see you all there. I know you'll get. Some great gems from it and yeah I hope to keep on doing this because I am. Committed to making sure you guys know this information. Especially now, especially now. I think this is a time where we really need to get intentional about our finances because we see a lot of Tom Pool going around [00:42:00] surrounding us, and yeah, you might be a little bit insulated from it in Canada, even though there is some talks about crossing this border.
I'm laughing, but it's because I'm like. Barely Very scared on the is laugh.
Chris Corbin: 'cause all you can do is The only thing we can do in situations like this is to make sure we're in a financial position to be able to make some changes if we need to, and
It's a version of the Serenity Prayer, right? Like we only we're watching all these things happen all over the world. We only have control over so much. We have control over our family, we have control over our finances to some degree. So I encourage folks to, I'm not saying shut out the rest of the world, but focus on the things that you can make a change and you can change, your financial trajectory today by making changes.
So while there is, like you said, a lot of stuff going on, we do have some control and it's the things that we can't control, we should work to better.
Naseema: Exactly, exactly. And this summit is gonna give you the tools to [00:43:00] change at locus of control. So I appreciate that. I appreciate you, Clifton. It's been an amazing conversation. Love it. Can't wait for the summit and can't wait to, for everybody else to join us there, so thank you.
Chris Corbin: you.
Naseema: Oh.
Hey there I’m Naseema
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