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The Michael Derry Show is on the air. Oh! We got an email during the break, somebody said we should teach our kids money.

They should learn about mortgages and interest rates and compounding and investing.

You know, when I was running for city council the first time, the election was in 2001,

but I went around to well-respected business leaders around town.

And one of them was a guy named Dean Canaley.

And he had a blue-chip, well-respected boutique trust company called Canali Trust.

And you had to have a certain threshold to be a client of his boutique firm.

And at the time, it felt like $80 trillion, but we don't, we didn't, incomes and wealth increased exponentially in the last two decades in a way they had never on scale like that before.

So let's say you had to have a million dollars in 2000 to be his client, which was a big threshold.

And I asked for his support to run for city council and he said I will give you my support if you will give me an hour to talk about the fundamentals of

finance personal finance I want you to understand how they work and I want

to explain it to you and I want you to listen. And I did. And it probably turned into two hours. And I didn't do a lot of what he told me to do at the time. I wish I had. But I did some. And it stayed in my mind. And as I got older, and I started thinking about things like,

what if you have a stroke and can't work anymore?

What if you get fired?

What if, what if, what if?

What are you doing to at least make sure that you got VNI sausages

and saline crackers for the rest of your life?

And so I think about all the things that people don't know,

...