This is an IHeart podcast.

It's that time.

Lock and load.

The Michael Derry Show is on the air. 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 to me. And I did to explain it to you. And I want you to listen to me.

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.

Wish I had.

But I did some.

And it stayed in my mind.

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