This is the his and her money show where we show you how to have better money be a better couple and live a better life.

Now here are your hosts talent and time.

Hey everybody welcome back to another fantastic edition of the his and her money show where we're helping you to get better money become a better couple and live a better life.

There are so many shows you could be rocking with right now so we are super appreciative that you are rocking with us.

And we are excited about this show because you know one of the core tenants of everything we do here at his and her money is legacy man.

We want to help you yes we want you to get your situation together but we want you to get your situation together so that you can start a generational legacy of financial stability for generations to come not just the current generation that you are in.

And today's episode we're going to be moving in that direction man because again a part of generational wealth is our ability to understand investing ourselves and the ability to pass not only financial assets down but intellectual assets down as well.

So we're going to be talking about how to turn your kids into stock investors and to help us navigate this conversation we have a very special guest by the name of Rendell Solomon is the founder of one stock one future and he's here to break this down with us in a way that we can all understand it implement it and pass it down.

Hey Rendell welcome to the show.

Thank you for having me happy to be here with I'm assuming the better 30% of his and her.

Yeah we we hold it down solo and this one the best part of the show is handling some other things and so we're going to do our best here solo but man we want people to know about you and who you are and what you do and how you can help us help our kids.

So for those who are being introduced to you for the very first time can you just say hello to everybody that's tuned in and let them know what you're all about man.

Again thank you for having me on the show Rendell Solomon born and raised in Chicago on the west side so happy to be chatting with you Tyler as well as your viewers that are live with us right now.

I think the key thing or I want to start and tell them a bit about my story is you mentioned two items that are so key to sort of my growth as well as what has led me to this point in my life career professionally personally with my own mission and passion and you talked about legacy and you talk about passing down wealth and knowledge and that is so key and critical in our community legacy is one of those powerful words as you think about where we come from as a people but how much farther we have.

We have to go one of the things I say often that unfortunately in the black community we often have to pass wealth up specifically on the financial side we have to pass it up instead of down and that is not the natural order of things we all find ourselves.

Hold on I don't want people to miss that that was a bar more now that was a bar Rendell just dropped right say that one more time for the people that didn't catch it.

You got to tell it unfortunately too often in the black community we have to pass wealth up instead of passing it down what do I mean by that that happens in a variety of forms it comes in the form of aging parents and grandparents who unfortunately were either a not taught but more likely we're so limited in the opportunities to develop the wealth that we're talking about you talk about so wonderfully on your show and helping people navigate.

This process across all areas of money what I myself am doing with kids as well as adults and with so many others are doing to build that financial knowledge unfortunately our parents grandparents they were denied those opportunities we can obviously dive more into that and so what happens is their focus was on food shelter clothing.

Maslow's hierarchy of these if we can get food shelter and clothing covered man by the grace of God maybe that other stuff will work itself out and that was often the mantra that we've seen in our households with our grandparents and parents and now we're in a position in this generation as well as obviously some in the prior generation but we're at that place now we're saying look it's not enough for us to have to use our resource and asset just to take care of our elders which we were trained and are happy to do my granny.

I will definitely send this video when it's when it's ready she loves having a chance to see me talk about these things 80 years old retire she's my last remaining parent and there's literally nothing she could call me for and ask right now if I got $200,000 in the bank and grinding these $200,000 I'm calling you tell it to borrow that last dollar because she got my $200,000 and I need one more because she's going to be taking care of and I'll figure out the rest we owe it to them but what I want us to focus.

Just as much on is how do we pass wealth down so just quickly on my background oldest of three I grew up on the west side tough neighborhood here in Chicago my late mother passed away in 2006 and then my dad unfortunately who struggled with alcoholism for many years passed just this just a summer but one of the things that they instilled in us was this intense focus on education.

And that's across the spectrum of course we can send every kid to college but education and knowledge comes in a variety of forms I'm an advocate for college but I'm also an advocate for much broader forms of learning and understanding and so all three me and my two siblings all three of us are college graduates.

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