"My 89 year Old Father at the Bank Taught Me Why Most Dads Stay Broke"

Most working dads are gonna die broke, and it has nothing to do with how much they made. What does your money look like 10, 20, 30 years from now? Not your income, not your paycheck, your money. What you have built. If you don't have a clear answer to that, this is the video for you. This is where we elevate fatherhood. It's time to build better dads. Most working dads think the answer is more income. So if I could just work more hours, work an extra shift, get that promotion, even start something, a side business on the side, everything will be fine. But income without a mission disappears every time, no matter how much you make. And the proof is sitting in banks all across America. Older men who used to have everything and now have nothing to protect. A few months ago, I had to take my 89-year-old father to the bank. I knew going to the bank with him and dealing with money would be difficult. So we get up to the counter, he's got some checks, you know, some little miscellaneo checks for a dollar. Then he has another check. It was a check from a scammer. And if you got elderly parents, you know, these scammers, they just feast and feed on the elderly, man, sending them checks, having them all kind of cockamamy schemes, making them, you know, withdraw money from their Social Security or retirement fund. I need that wire transfer right now, or you're gonna lose everything you built. I'm not sending you a dime. I know who you are. So this was another something like that. So we get up to the counter. Luckily, you know, the branch manager, he he's a good guy, he's a great guy. I mean, salute to him. He's taking care of my father, because they've had some issues with him in the past. And he looks at the check and he's like, you know, Mr. Weatherall, this check, I don't believe it's any good. I don't believe it's a you know a legit check. He's like, if you deposit this check, they can close your, you know, we the bank can close your account. And he's my father, like, no, the check is good. The check is good. I'm like, hold on, like, hold on. Like, do you understand what he's saying? He's like, if they, if you put this money in there, try to put this money in there, they can close your account. It's not worth that. I can now remember he he thought the check was from the VA. Because he's a veteran. He thought the check was, so he's like, this check is for real. What do you mean? It's from the VA. Yeah, the manager's like, this isn't from the VA, sir. This is from somewhere else. You know, some scam. So that really, I could just see the air like go out of him. I don't understand. He seemed so nice. What did I do wrong? You know, because he's probably like, it's $9,000, I can do certain things. And let me be honest, my dad is having issues with his memory. So he could do one thing one day, and then the next day, he won't remember that he duck he did those things. So that's why he just kept going back to the main. I got something to do. Well, you did that yesterday. Well, now I got it. So just sitting there with him just made me think. First it was love. You know, I'm I was glad I was there to protect him and, you know, talk to him. And I'm just, I'm your right-hand man. I'm just telling you, this, this, somebody, they ran, you know, ran a scam. It happens. It happens to all of them. At 89, it can happen easier because things have changed. Things have changed. People are running, you know, scams, they're calling you, they're printing checks. Nobody was printing fake checks back in his day. Like, you're not used to this kind of stuff. He's not used to this stuff. But it just made me think like, am I following in these same footsteps? Am I just worrying about the money I make and not making my money work for me? So it's something there for my children when it's time for them, for me to give them something. Am I worrying, am I believing and thinking that this, you know, this this t-shirt business, this record company or this trucking company? Am I just believing that that's gonna be the way that's gonna solve everything and my money, I'm gonna be back on top? Or or should I be putting in place? I don't care if it's only $25 a check, $50 a check, $100, am I putting in place a structure, a format? Am I building something for them instead of just hoping on the home run, the walk-off home run? Am I just hoping for that to happen? Is that you? Can you relate to the story of me taking my dad to the bank? This guy who had money, who worked all his life, don't know nothing about sitting around doing nothing, worked all his life, who's a, you know, an army veteran, worked his way up, worked for the city, learned how to be a mechanic, bought, learned how to open up two gas stations and mechanic shops, opened up a nightclub, did all these things, but now there's nothing to protect. Because he didn't invest. He didn't know how to invest, he didn't know anything about investing. That's why I'm doing what I'm doing. That's the that's the example. That's that's what showed me. Hey man, you got to get your stuff together. A financial mission has three parts. Number one, the destination. What is your money pointed at? What is it doing? Are you just working for money or is your money working for you also? Once you work for it and you put it in position, is it working for you? And are you building something not just surviving? A lot of us are just surviving. We work, we hey, I did my eight hours, now I'm going to have fun. Now I'm going, I'm going to the bar, I'm going to give me some wings, I'm going to, I'm, I'm having fun. If you talk to most working, working dads, if you ask them about a 401k, if you if you ask them about retirement, most people, this is not what they want to talk about. They don't want to talk about this. And if that's you, this isn't for you. I made this channel. I made this podcast, this YouTube channel for me five years ago, ten years ago, two years ago, because no one out there was doing anything like this. And they still aren't. They want to talk about everything else. But if you're not talking about money, you're not talking about shit. And this the destination is bigger than you. It's bigger than you. It's tied to legacy. What are you leaving behind? I heard something. If you want somebody to remember you while you're gone, do something for them while you're here. And that's what you're doing. Pointing your money in to a destination. Giving it, giving your dollars a job. The money you make, make it work. Give them a job. The second thing, the defense, the rules that protect you from your own impulses. This is big. This is big. You got the destination, finding out, figuring out, okay, what am I doing with this money? What's what's what's the end goal? What's the end goal? When I can't work anymore, where am I going to get money from besides Social Security? And not, and then after that, to protect the destination, you got to have a defense. Defense wins championships. You you want to make it to your destination, you better have you better have some defense. And the number one defense is this question right here. Why shouldn't I be stopped from buying? That's the question you need to ask. Why shouldn't I be stopped from buying this? When you want to buy something, you need to ask yourself, why shouldn't I be stopped from buying this? If you brought lunch and now everybody's talking about they're ordering lunch, why shouldn't you be stopped from buying it? Why shouldn't you be stopped for paying for lunch, $20, $25 for lunch? When you brought your lunch, your lunch is in, you know, is in the, is in the fridge at work, but you, everybody else said they buy it. Now you want to, why shouldn't you be stopped? Because that $25 could be going towards your kids, putting it into their accounts. That's why. Or whatever else you might be saving for and need needing to do. You need to ask yourself that every time you're buying something, why shouldn't I be stopped? And that's the system that helped me begin to pay off my $118,000 worth of debt. That helped me, and it's helping me through bankruptcy. That system. And it's also going to help my son. So when I'm 89 years old, hopefully, he's not driving me to the bank and I'm not trying to cash a check for $9,000 or whatever. That's not real. That I have something for myself and for them to protect. You can love your father and you should. And I love my father. You should respect your father. And you can be grateful, and I'm grateful for everything he taught me and everything he's done for me. Anytime I needed something to this day, he's there. But when you honor him, you're not doing a disservice to them by learning from their wins and their losses. Because if you, if I had him right here, he would say, hey man, I made some mistakes. I don't want you to do the same stuff I did. I don't want my sons to do the same, make the same mistakes that I made. That's why I'm doing this. I don't want your sons to be, have to pay off $118,000 worth of debt. I don't want them to do it. I don't even know you, bro. It ain't easy. I don't want you to have to do it. So that's why it's important to learn from our father's mistakes. And that's who I am. I help working dads break the patterns, the financial patterns that their fathers made so their sons don't have to inherit them. Like I said, my father didn't know how to invest. If he knew how to invest in the stock market, where would he be right now? Where would he be right now? He didn't teach me how to budget. He didn't teach me not to take so many risks. And if you're going to take risks, make them be calculated risks. Don't invest and try to invest a lot of money in businesses that aren't making money. If the business isn't making money, you don't put more money into it. You don't, you don't just keep, it's going to work, it's going to work. No, you don't do that. It's not working. You only put money, you only invest and promote things that are making you money. That's when you do ads and promote stuff. When it's making money. If it's not making money, you move off of it. And that's a lot of what got me in trouble. Someday your kids are going to drive you somewhere and they're going to see what you built or what you didn't build. You hear me? I said, someday your kids are going to drive you somewhere and they're going to see what you built or what you didn't build. What you did with every dollar that passed through your hands, they're going to find it out. Do you want them to be proud of you? Do you want them to be ashamed of you? Do you want them to regret the things that you didn't teach them or that you didn't know or be embarrassed of you? It's time. It's your time. You still got time to change that. I do, and you do too. If this hits you, subscribe. Drop a comment in the comment section and let me know what your father taught you about money. Good or hard, both lessons matter. And I'll see you on the next one.