In this episode, Adam La Barr talks with Marcus Long, founder of A Long Legacy Capital, about the value of family presence, aligning goals with spouses, leveraging community support, and understanding the 'why' behind actions. They discuss learning from errors, apologizing, and imparting practical skills. The episode wraps up with insights on teaching children financial literacy through creative methods.
Some highlights from our call:
"It's on-the-job training a bit, since each child is different. But as fathers, we can't just nonchalantly go through it. We tend to go back to how we grew up, thinking, 'This is how I was parented.' You either go towards or against it. But even then, we can't be routine about 'This is how I'm going to parent.' We have to accept signals back and adjust the rudder a bit." -Marcus Long On Adaptive Parenting
Additional key insights:
- Create experiences and memories for children.
- Open communication with your spouse is crucial.
- Read books and seek resources to help shift...
Discover how Marcus Long explores the dilemma faced by entrepreneurs who aim to build a business for their family's future, only to realize that by the time they achieve success, their children may have already grown up and left home.
Discover how Matt King is staying in the investment game with patience and strategy, knowing that the right opportunity will come along eventually.
Tony Johnson discusses the high-risk, high-reward nature of real estate development, highlighting the potential for significant financial gains if land acquisition is managed correctly. He acknowledges that while the sector can create millionaires, it also sees many businesses fail. Tony emphasizes strategic decision-making as crucial to succeeding in this volatile market.
Chase Calhoun discusses the significant advantages of his entrepreneurial lifestyle, particularly in terms of flexibility and family life. He expresses a desire for his stepson, Nico, to recognize the value of being able to earn well while also enjoying the freedom to travel and participate in enjoyable activities—advantages that are not typically available in a standard office job. This lifestyle not only allows for financial stability but also enriches family experiences, making them more memorable and valuable.
