Lecciones de dinero que cambian la vida para adolescentes y adultos jóvenes

Brian Ford (00:06):

Hello, it's time for another episode of Money and Mindset with Bright and Brian, a podcast that will not only help you become financially confident, but one that will also equip you with the mental skills you need to develop a growth mindset and ultimately live a happier, more fulfilling life. My name's Brian Ford, I'm the head of Financial Wellness at Truist, and I'm here with my co-host Bright Dixon, who is our resident expert on positive psychology, purpose and happiness. ¡Hola, Bright!

Bright Dixon (00:32):

Hey Brian, how are you?

Brian Ford (00:33):

Maravillosamente.

Bright Dixon (00:34):

So I'm super excited to be here as usual, but I'm really intrigued and excited about our topic today.

Brian Ford (00:40):

Sí, por supuesto. A mí también. Tell us Bright, what are we chatting about today?

Bright Dixon (00:44):

So we are about to get deep on life-changing money lessons for teens and young adults. So if you're in that category, you're going to want to hear this one, but it will be equally helpful for parents, grandparents, older siblings, aunts and uncles, anyone with a young person in their life. And this is really the kind of thing that I wish or maybe my parents had listened to when I was still a teen myself, but I am pretty sure I'm going to learn some things that I can apply to my life today. And we have a really cool guest, Kam Phillips, who's joining us today and like our last guest you knew Kam before he decided to come on this podcast. How did you guys meet out of curiosity?

Brian Ford (01:24):

Yeah, for sure. Kam's a good dude. He's definitely an up-and-comer in this exact space, kind of this intersection between our money and our mental wellness. I met Kam through a friend and so we grabbed some lunch and it did not take long to know that Kam is making such a positive difference with teaching young adults about money. Now Kam is the founder and executive director of True Change, Inc. A that equips teens and young adults with financial literacy skills and emotional wellness tools to prepare them for real-world success.

Bright Dixon (01:57):

That's so awesome. And from what I can tell, Kam is going to have a lot of great stuff to say on this topic. So Brian, you ready to help change a few young lives out there?

Brian Ford (02:07):

Siempre. Hagámoslo.

Bright Dixon (02:15):

So if you're a teen or a young adult or the parent of a teen or young adult, you're really going to want to pick the brain of a guy like Kam Phillips because he's going to help you find financial confidence and a growth mindset from a young age. Kam, déjame adelantarme a Brian y darte la bienvenida al programa. ¿Podrías saludar a nuestros oyentes?

Kam Phillips (02:34):

Hey, it's great to be here and I'm looking forward to the conversation.

Brian Ford (02:37):

Yes. Welcome Kam. Well, before we get into these life-changing money lessons, we definitely want our listeners to understand why you're so passionate about this topic and helping youth in particular with their money and mindset.

Bright Dixon (02:48):

That's right, Brian. Now here on money and Mindset, we know that financial education and confidence are critical to well-being. And Kam, I did a little research, maybe a little light internet stalking. En tu sitio web hablas sobre cómo tu experiencia en salud mental se relaciona con tu pasión por la educación financiera. ¿Compartirías con nosotros algo de ese recorrido y cómo te llevó a lo que haces y eres hoy en día?

Kam Phillips (03:14):

For sure. So I ended up going to college in Atlanta and majoring in economics. So walking into economics, to be honest, had no idea what I wanted to do. It just kind of clicked for me. I come from pretty humble beginnings, didn't have much money growing up, but once it came to how money works, how people responded things, it just made sense to me. So I ended up graduating and just chasing the bag, wanted to make as much money as possible. Trabajé para varias compañías financieras y llegué a ganar sumas considerables, pero no me sentía realizado. I was going to work every day. I was making a good amount of money working with a lot of wealthy people, but everything I felt like I was pursuing just didn't add up. And if we're being transparent, I got to a breaking point to where I ended up in a mental hospital.

 (04:04):

I know a lot of people struggle with a lot of different mental health issues and I was one of them. So coming out of that situation, I just had a new perspective on finances are great, having money is great, but if I don't integrate it with my wellness, all of it's really for nothing. So eventually ended up walking away from my corporate job and just trying to make a difference in the community. Started talking a lot about mental health, started talking about those struggles, and if I'm being real, I didn't want to touch anything that had to do with finances because like I said, I worked with a lot of wealthy people, but that didn't necessarily bring me happiness.

 (04:42):

And as I kept working with more students, kept talking with more people. If you ask somebody what they want their life to look like, if you're creating a vision with a student, most people are going to want to be financially secure. It's just part of our nature. So I started to integrate my content about mental wellness with, "All right, how does it integrate with financial wellness? How does it integrate with career wellness?" Y he estado haciendo eso desde entonces.

Bright Dixon (05:05):

Kim, thank you for sharing that and for being so transparent about it. Creo que es importantísimo que hablemos sobre cosas como estas y el tipo de experiencias que todos atravesamos. And I bet a lot of our listeners can relate to that feeling of on paper, everything's going great, but for me, inside, not so much. And there are moments where we've all got to make choices. We know we've got to make a change.

Brian Ford (05:30):

Exactly. Yeah. No, I appreciate that too, Kam. I love your background. Me encanta tu predisposición a compartir tu historia. I'm just glad, man, that you saw the light and you came back to kind of finances and understanding that, the importance of that. Simplemente, me encanta. Bien, Kam. Queremos preguntarte desde tu experiencia, ¿qué crees que es realmente clave cuando se trata de ayudar a los adultos jóvenes a ver la importancia de volverse financieramente seguro?

Kam Phillips (05:54):

Yeah, no, this is a great question. Siento que muchas veces los padres y maestros intentan enseñar cosas pero piensan: "Los niños no lo entienden. They don't get it." And one thing that I think is really important is making it relative to them. Muchas veces, cuando intentamos enseñar a adultos jóvenes o enseñamos a adolescentes o niños, hablamos de cosas que son importantes para nosotros en este momento e intentamos decir: "Ey, esto es importante para el futuro", pero en realidad, muchas cosas que son importantes para una persona de 40 años no llamarán la atención de un niño o de un adolescente.

 (06:23):

So I think the first thing is really listening to what's important to them, what their values are, and being able to connect the dots with finances in the future. Once they're able to grab onto that concept, and it's not just an ambiguous tool or ambiguous skill or words they don't really understand, but something that they can apply to their everyday life and they see how it relates to them, I think that's when it really sticks to them. Yeah, that's

Bright Dixon (06:46):

So interesting. I think it becoming relevant has been a big part of my financial journey too, and even having realistic models of what this is actually going to look like versus a feast or famine experience or a lot of the models that we see on TV where it's just immeasurable wealth. That's not the reality for the vast majority of people, but we know that financial literacy in general can change lives, but sometimes it's hard to get people, even adults to see this. So the sooner you get it, the more time you have to use that knowledge and to make an impact on your life so it can help you have more options, and then those options help you be able to achieve what you want in life. And we talked about this in one of our recent episodes about grit and goal setting, but we know that achieving goals, setting and achieving goals is critical for well-being because it can give you that sense of fulfillment.

Brian Ford (07:43):

Yeah, no, I totally agree. Brian, I think that's important. I'd love to hear from Kam what he thinks about this and kind of this interplay between goal setting and finances. And Kam, I'll just say I agree with you when it comes to teaching young adults about money, we can't just start talking out of a textbook. We've got to come down to their level. We got to know what's important to them, so you were certainly speaking my language there. But how do we get these young adults to think a little bit about the future? ¿Cómo logramos que establezcan objetivos específicamente con respecto a sus finanzas? ¿Qué opinas al respecto?

Kam Phillips (08:11):

Yeah, I think goals are extremely important and I work on setting action plans and things like that, but I think one thing that's very important as well is those baby steps and just them enjoying the journey along the way. What I mean by that is there's a lot of different ways to make money. Especially with technology, there's so many different ways that students and young adults can peek into their interest and see the financial benefit of it.

 (08:37):

So when we're setting goals and the eye is just on the prize, you're trying to reach a high that you never really touch, you'll get the goal and it's always what's next, but in order to form a habit, you have to appreciate doing something every day. So setting those goals, but also scaling it back to say, all right, what do those steps look like and how they can find fulfillment in each and every step along the way.

Bright Dixon (08:59):

Yeah, I think that's so important is taking the joy in the process and in the learning. And I think that speaks directly to this idea of growth mindset. I'm sort of thinking about myself when I was younger, although I am kind of coming to terms now with the idea that I'm not a kid, I'm actually an adult in every way, and there are still lessons that I'm learning and certainly lessons that I wish I learned earlier than I did. Pero me interesa tu experiencia, Kam. Si existe alguna lección sobre el dinero que desearías haber aprendido antes, ¿cuál sería?

Kam Phillips (09:34):

Esa es una excelente pregunta. I don't want to get too deep on this, but when I look back and I think about what I wish I would've learned, it's let my insecurities drive my money habits and by insecurities and money habits a lot of times when it comes to spending and my pursuit of money. So I've always known how to make money. I've always had an interest in making money, working as early as I can remember, having my jobs when I was 15 and everything like that. And I look back at me working and how much money I was making in high school, and I'm just like, "Where did all that go at that time?" Y pienso: "Oh, me compraba ropa, me compraba zapatos, hacía de todo para impresionar a mis allegados". And even though I was doing that at 15, 16, 17 years old, once I started working, I was able to see that as an adult.

 (10:24):

So not letting my insecurities drive my spending habits, but also what I wanted to do with my life, I felt like I had to rush. I felt like I had to make all these quick decisions to make money really just to impress people. So even when it comes to going to college, what you're majoring in, what your interests are, there's time and having patience to pursue what you feel like is going to be sustainable as opposed to just getting something really quickly to impress your friends or keep up with the Jones'. So I definitely wish I was more in tune with what was important to me and not looking at everybody else and not comparing myself to everybody else and didn't let those insecurities drive me.

Brian Ford (10:59):

Me encanta lo que dices, Kam. Es tan importante... Espero que no solo los padres de nuestros oyentes, sino también algunos de los adultos jóvenes que escuchan este programa, entiendan lo importante que es eso. I love what we talked about so far. I feel like this conversation is headed in a great direction. Up next we're going to talk about the top money lessons for young adults that can change your life. Quédense con nosotros.

Bright Dixon (11:31):

So before we jump into those top money lessons, we want to talk a little bit about a question we recently got from a listener that's related to this topic. So this listener wrote and said, "Our daughter is going to be a senior in high school next year and we're trying to figure out what to do about college. She wants to go to college and we're encouraging her to do so, but she's not decided on where to go and she doesn't know what she wants to do for her career yet either," which I think is normal if you're 18. "We want to support her, but we don't have any money saved or much money saved, and it's likely we'll all be taking on some student debt loans together in the next year or so. Queremos decidir con inteligencia acerca de la universidad y cómo pagarla, y queremos que nuestra hija también tome decisiones inteligentes. ¿Qué nos aconsejarías?" So Brian, I know you have so many thoughts on this. ¿Cuál es tu opinión?

Brian Ford (12:18):

Así es. Es una gran pregunta. La universidad puede ser una gran inversión. I'm very pro-education, no doubt. We know there's a return on investment there, and so there's nothing wrong with taking out a reasonable student loan, but there are wrong ways to go about it. So first, I'd encourage you to research your options. And what I mean by options is are there alternative ways for paying for college that you haven't looked into? And there's so many wonderful grants and scholarships, there's even family members. So look at your options, broaden your thinking on that.

 (12:48):

Pero al hablar de opciones, no solo me refiero a los términos de un préstamo, sino también a qué universidad decidas asistir y cuánto pagarás por el tipo de estudios que realizarás. And one thing I will state for sure is going to community college for the first year or two, such a smart option that a lot of people overlook. Puede ahorrarte miles o incluso decenas de miles de dólares. And if you're not sure what you want to do or what you want to study or where you want to go yet, it's also going to give you time to figure that out. And then you can make a more informed decision about where to go from there.

 (13:24):

And remember, you can still go to an amazing university after crushing it at a local community college for a year or two. It's amazing when I talk to young folks and I get this question all the time when I bring this up and they're like, "So if I go to a community college for a year or two and I get good grades, then when I go to the university of my choice, my diploma just says that amazing school?" And I'm like, "yes, you'll save thousands of dollars and you'll still get this amazing degree from the school of your choice."

 (13:52):

So whatever you end up deciding for your college path and career, I definitely encourage people to think about your return on investment. And I fully understand that college is more than just a return on investment. I get that. I've got two daughters in college right now, and there are other considerations like their social life, like sports, even a particular religion that's important to you. But just for a moment, put on your finance nerd hats and think about college in terms of return on investment, the cost of tuition, it can vary greatly from one place to the next. And if you go to an expensive school and take on 150 grand in student loans for a degree in a field that's not going to make much money, you're probably setting yourself up to deal with more debt stress than you should. And there's a big difference between having 150 grand in student debt with a teaching degree versus having 150 grand in student debt with a top-notch engineering degree.

(14:50):

En primer lugar, no estoy diciendo que no necesitemos excelentes maestros o que los maestros no merezcan un mejor salario. Solo aliento a las personas a que piensen en la cantidad de deuda que están tomando en relación con la cantidad de dinero que esperan ganar en su área de estudio. So if you know may not be making a big salary after college or you're not even sure what you want to do at all, then be very careful about how much debt you're taking on. I also want to state that sometimes with working with young people, I find that some people will start college, they'll take on a big loan and then they won't finish. That's heartbreaking because now we have these young folks that have this mountain of debt without the degree to kind of help pay for that.

 (15:34):

So if you have a loved one that's in that situation, encourage them to go back, at least maybe get that associate's degree that will justify a bit higher income to be able to pay that back. But be careful of getting into student debt without finishing the degree. And then as I mentioned before, also just look into available grants and scholarships. Kam, me interesa saber qué opinas. ¿Qué más agregarías?

Kam Phillips (15:58):

Brian, creo que no te faltó nada. I thought that was great advice when it comes to community college, it definitely gives you a chance, especially if you don't know what you want to do in the future, to parse that out some, learn about your interest, learn about yourself, learn about what fits you the best, and looking at that community college or local college for a year or even a gap year to be real, just taking that time to work, learn more about yourself. So once you do go to college, you don't change your major three different times, end up being there for six years, whatever that looks like. So I think that definitely is an option.

 (16:30):

And also, I do a lot of work with students in technical high schools and vocational schools. And growing up, for me, that was kind of a stigma, but now when it comes to skilled labor, when it comes to a lot of other industries there being certifications, you can get to start your career and make a pretty good salary starting off. Así que también puedes analizar esas opciones.

Brian Ford (16:49):

Sí. Estoy de acuerdo.

Kam Phillips (16:50):

Yeah, and you touched on scholarships, the amount of scholarships that go unclaimed, and that's something I wish I would've learned, that I can write a few essays and get a few thousand dollars to go toward school, that's definitely something to look into.

Bright Dixon (17:00):

Yeah, I agree with all of you, and I was very fortunate in that I didn't have to take on student loans so I'm a huge aberration in my generation, but many, many of my friends did. Many people I know did, and sometimes, not in all cases, but sometimes it seems like the debt they take on might not be worth, not the education, but sort of the degree and the return in many of the circumstances I'm seeing. And I feel like y'all just validated that in certain ways. And I had some electrical work done just to validate what you're saying about technical schools and vocational programs, Kam, and that was a big check that I wrote to my electrician. So I kind of feel like maybe I missed the boat on that kind of thing.

 (17:44):

But I think there's so many ways to do this that don't involve taking on debt that's going to hurt your ability not only for financial confidence, but really for wellbeing in the long run. And I think that's something that's hard to keep in mind and kind of the hope and the excitement around college and moving on. But I think it's really critically important and it's a huge life skill to build. So thanks guys and listeners, we hope that was helpful.

Brian Ford (18:23):

That was a great listener question and that really ties us back well to the topic at hand, but let's get back to it. ¿Qué otras lecciones de dinero que cambian la vida pueden ayudar a nuestros oyentes y a sus padres? So Kam, in all your time that you've spent with students, what misconceptions do you see them having about money and financial wellness?

Kam Phillips (18:43):

Yeah, I could go a couple of different ways on this, but one thing that comes to mind immediately is that we have this magical ability to compartmentalize our feelings with our finances, to where our finances in this one department, our feelings are in this one department and my emotions aren't dictating one of the other. Pero en realidad, cuando intentamos aplicar la lógica, cuando tratamos de armar un presupuesto, cuando tratamos de tomar decisiones con respecto a nuestros gastos, existen tensiones subyacentes que debemos abordar. So not shying away from that and just making a decision that makes us feel good in the moment, but really, all right, how are my emotions tying into this?

 (19:19):

Another thing that comes to mind is just don't over-complicate it. I've talked to a lot of people and they'll read up or they'll see a post about options trading or Forex trading or some complicated investment scheme. Pero las personas más exitosas que he conocido tienen planes sencillos y solo implementan esos planes. Han forjado hábitos cotidianos y la capitalización es palpable. So they start small and things just continue to grow. Así que deben saber: "Ey, no necesito aprender todo en un solo día. I don't need to know about every investment out there," but just starting with simple and start building from there.

Bright Dixon (19:56):

Yeah, I couldn't agree more Kam, and I want to touch back on sort of the emotions thing. And when you were talking earlier about the insecurities that you had that led to some of your money habits that didn't work out, I think we all deal with them, right? No matter what stage of life we're in. And when parents and kids are working together around money, sometimes those emotions come up, that tension can come up. And I feel like half the battle when it comes to some of these topics is really just a conversation or more likely conversations themselves and how you approach it with your family and thinking about how these conversations aren't separate from your relationships, but they're a part of your relationships.

 (20:37):

And what I've seen is that sometimes money conversations can bring families closer together when they're well done, and that's ideal. That's the ideal state we're going for. Pero a veces, y quizás con frecuencia en muchas familias, este tipo de conversaciones puede causar fricciones, puede causar grandes emociones negativas y, en última instancia, provocar el distanciamiento de los integrantes de la familia. So Kam, how can parents and teenagers approach these topics and help young adults understand and implement these money lessons like families who do this well, what do they do that other families don't do?

Kam Phillips (21:17):

That's a great question, and I love what you said about there's a lot of emotions, a tie to it when you're having those conversations with your family. But I think one huge things that I've seen with families I've worked with is just the transparency. Depending on your culture and your background, some households are like, "Hey kids, don't worry about money. No me pregunten al respecto. Si no trabajan, no deberían saber nada de eso". But once I started hanging around different types of families, one of my coworkers, he would take his family out to eat, and when the check came, he would have his kids guess the amount of the check. So if I ever asked how much my parents are paying for anything, I would've got scolded. But he's inviting that conversation with his kids just to start the topic on something that's not very high risk and just bring them into everyday conversations, letting them know, "Hey, this is what this is going towards."

 (22:09):

And even if it's something that you may be stressing about, obviously as a parent there's a form of protection that you want to have over your kids and their feelings, but kids are also very observant and they can see when their parents are stressing. So I feel like just opening up being a little more vulnerable allows the teens and the young adults not to feel shame when they don't know something about money or if they are stressing about it, but to really speak up and ask questions because a lot of people are going through it.

Brian Ford (22:34):

Yeah, well said Kam, I like that. Me gusta la idea de incorporar el dinero a los temas cotidianos, hacer que sea interesante hablar al respecto todos los días, lo que me parece grandioso. Me gusta esta idea de la transparencia.

 (22:47):

Bien. La próxima pregunta será nuestra última gran pregunta para ti, Kam. Hasta ahora recibimos muchísimos consejos excelentes y algo de contexto, y hay un par de cosas que quiero preguntarte sobre la próxima pregunta, pero en realidad primero quiero saber qué opinas. So if you tried to narrow it down, what do you feel are the top one or two life-changing money lessons young adults need to know?

Kam Phillips (23:10):

Lo que se me viene a la mente —y creo que se aplica a cualquier edad— es encontrar mentores y personas de confianza a quienes poder hacerles ese tipo de preguntas. And when I mentioned mentors, a lot of people just look at that as solely financial or career. But people who, you look at them and you say, "I like what I see and I want to be like them in the future," when it comes to their values, when it comes to just how they carry themselves, when it comes to them seeming happy. And as you open up and as you speak with them more, I've learned a lot of money lessons, I've learned a lot of things about contentment, all about risk taking, about what's really driving you to where they're able to build pretty solid financial bases, but they're not unhappy at the end of it.

 (23:53):

So I think finding mentors, finding the right people around you, knowing that, "Hey, I don't have to figure it out all by myself." And as you get older, that's going to look like more professional relationships, whether it's advisors, whether it's accountants, or just finding those people in your circle who you can lean on and just being open about it. Like we mentioned, conversations with parents. Pero cuando tienes un inconveniente, cuando tienes un problema, cuando enfrentas una lucha, no eres el único. Muchas personas muy exitosas han tenido muchas idas y vueltas con sus finanzas a lo largo de la vida. So instead of just holding it in, instead of trying to live a lifestyle that may be above your means to fit in, ask questions, find those people who can support you.

Brian Ford (24:34):

Sí, me encanta eso. Excelente consejo. Otra cosa que creo que puede ser útil para los adultos jóvenes y los padres en particular es entender el poder de las primeras veces. And Kam, this goes back to where we started with this, which is you can't just start talking to young folks about some textbook answer, like we mentioned. You mentioned understanding what they care about, what do they value?

 (24:56):

And I think this power of first, and when I say first, I'm talking about your first job, your first car, your first bank account, even your first experience taking out a loan, whatever they're most interested in right now, these firsts really are fundamental to our development and how we understand money. And every first I think is an opportunity to have a conversation and learn.

 (25:19):

So for example, if you've got a teen who wants to buy their first car, let's use this excitement and motivation to learn about money. When it's really applicable, it's about something that they care about. Puedes comenzar al ayudarle a entender lo que cuesta un auto, cómo crear un presupuesto para esos costos... Puedes hablar sobre si ganarán y ahorrarán el dinero o si pedirán un préstamo. And if they're saving, obviously my first, I should say my favorite thing I love to talk about when it comes to saving, Kam, is just saving first and automatic. So again, when they're motivated to buy something, let's talk about saving and let's make sure they understand the power of doing it first and making it automatic.

 (25:59):

But also you can talk about paying cash first, getting an auto loan, which then leads into other topics of understanding like credit scores and interest rates. It's really just a huge opportunity to explore multiple money topics to together and get closer and I just gave one example of buying a car. But man, when you get that first job and they're looking at a 401k or they're looking at benefits, take that opportunity to talk about those things. If you are a young adult and you're experiencing some of these firsts, be smarter then the average 18-year-old. And like Kam said, ask for help. Learn a little bit about how to do it right. Creo que debemos estar atentos a estas ventanas de oportunidad a medida que nuestros adultos jóvenes atraviesan las distintas etapas de la vida.

Bright Dixon (26:44):

Sí. No podría estar más de acuerdo. And I got to tell you guys, the young adult in me, my inner teen is starting to feel a little bit more empowered, and I really hope our listeners are feeling the same. Pero antes de terminar este episodio, como siempre, quiero oír cada uno de tus puntos principales de todo lo que hemos hablado hoy. And for me, it's sort of pulling together some stuff that Kam you said, and Brian you said, but I want to hit a little more on emotions here. And I think one of the things to notice for parents, two things.

 (27:12):

So number one, as you're entering these conversations with your kids, notice your own emotions and your beliefs around money. If you're feeling shame or guilt, you need to notice that and sort of break it down and plan for that to come up when you're talking about money, if you're feeling excitement, note that too. Sort of note all of the things that are emotionally part of this package and plan for them. Because if you're bringing your shame, your guilt, your money weirdness to the table with your kid, that's going to go directly to them and probably already has. Which leads me to my next thing.

 (27:49):

I think it's really important to investigate and acknowledge where your kids are emotionally around money in the moments that you're having these conversations, in the moments of your first, right? So that sort of reiterates Kam your point about how important this openness and transparency is. And if you haven't had that openness heretofore, now is a great time to start, right? Siempre es buen momento para comenzar, y creo que es realmente importante tener en cuenta las emociones al entablar este tipo de conversaciones, las tuyas y las de tus hijos. Kam, how about you? What are your top takeaways?

Kam Phillips (28:28):

Mi conclusión más importante es, como mencionó Brian, buscar las ventanas de oportunidad para hablar con nuestros hijos, con nuestros adolescentes, con los adultos jóvenes de nuestra vida. I think having conversations, being intentional about those conversations and using the excitement that they already have about their first about big purchases, that they're looking about college plans and using that momentum to have those conversations and having those conversations transparently, having them openly and that just being another chance to grow closer with your kids or whoever is in your life.

Brian Ford (28:59):

Yeah, I like that, Kam. For me, there were two things that really stuck out and I was taking notes. La primera cosa que dijiste, Kam, que me encantó es tener cuidado con dejar que nuestras inseguridades dicten nuestros hábitos con el dinero. I love that line. It's so important. I don't know anyone who doesn't have to learn that lesson. And the sooner we learn that lesson, the better. People do not like us because of the clothes that we wear or the car that we drive, or how cool our technology is. They like us because of who we are, and the sooner we learn that, oh my gosh, so much the better. So I love that. Be careful about our insecurities driving our money habits. I thought that was a gold nugget.

 (29:39):

The other thing you said was find a mentor, find some trusted folks in your life, and your exact quote on this was fantastic. I wrote it down, you said, "I like what I see and I want to be like them in the future." Es fantástico. Buscar ese tipo de personas. Seguramente te agradan por una razón, y esas son exactamente las personas de quienes más probablemente aprendas sobre dinero. Busca esas personas, hazles preguntas. Excelente consejo. Gracias, Kam. Lo agradezco.

Bright Dixon (30:14):

Llegamos al final de este episodio de Money and Mindset With Bright and Brian. Como siempre, gracias a todos nuestros oyentes y gracias también a Kam Phillips por participar de este episodio. Kam, it's so cool to meet people like you who are out there working to get this knowledge out to young people and some of us olds, too. Kam, si algunos de nuestros oyentes desean obtener más información, conocerte un poco mejor, ¿cómo pueden hacer?

Kam Phillips (30:37):

Sí. Antes que nada, deseo agradecerles por haberme invitado. Me gustó el podcast apenas oí hablar de él, y me encanta su iniciativa. And as far as how to reach me, my social media, it's just, itsKamPhillips, Kam with a K, on all social media. And then my website is KameronPhillips, Kameron with a k, dot com. And if you're interested in learning more about True Change and the nonprofit, that is just MakeTrueChange.org.

Brian Ford (31:02):

Muy bien. Me encantó. Denle un vistazo. Gracias, Kam. Haces un trabajo increíble y muy importante. Keep it up and if you enjoyed the show, be sure to subscribe or share it with a friend. Gracias por compartir este tiempo con nosotros. Hasta la próxima. Gracias.

Locutor (31:31):

Este episodio de Money and Mindset With Bright and Brian es presentado por Truist.