ITL251: The Importance of a Strong Financial Foundation

In the Loop with Andy Andrews

Matt Lempert

Business

4.9 • 614 Ratings

🗓️ 27 August 2016

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's episode, a long time listener asks for my thoughts on giving kids an allowance. It is VERY important to give your children a great foundation in finances. • Most people that I see (but not everyone) give their kids a regular allowance because they are a kid and that's just what kids get. • Some people say that an allowance is for doing chores, but my thought is that my kids are going to do chores because they get to live here. That's just part of being a member of the family. What did parents of "The Greatest Generation" do to get their children to sacrifice, produce, and become more? • By what standards did they raise an entire generation of kids, that 70 years later we still look back and say, "That's the best we ever were"? • "The Greatest Generation" had to get up before daylight and go milk the cows, feed the animals, or deliver papers, because families struggled to make ends meet. • Kids back then earned their way into adulthood and what they saw in adults was something they wanted to grow into. You're not trying to raise great kids; you're trying to raise kids who become great adults. • We all know people who had great kids, but then they turned 18 and something happened. • Now, there is a society of people who aspire to go backwards and become kids again, rather than aspire to become adults. Tune in to hear the impactful story of Ty, the son of Joe Bullard (the owner of Joe Bullard Automotive), and how he worked his way up in his family's business the hard way. Questions for Andy Would you like to run something by Andy? Contact us and your question might be featured on the show! Phone: 1-800-726-ANDY Email: InTheLoop@AndyAndrews.com com/AndyAndrews Twitter.com/AndyAndrews

Transcript

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0:00.0	You're listening to In The Loop, a unique opportunity to see life from a different perspective with New York Times bestselling author, Andy Andrews.
0:10.4	Now here's your host, David Loy.
0:13.0	Hi, and welcome to In The Loop with Andy Andrews. I'm your host, David Loy.
0:17.2	Andy, thanks for joining us today.
0:19.1	I am excited to be here. I'm also excited about our
0:23.0	sponsor today. Oh, yes. Who is it? I am, because they're just like favorite people in the
0:29.2	world to me. It's Joe Bullard Automotive in Mobile, Alabama. Joe Bullard Automotive,
0:35.8	this is Joe Bullard.com.
0:39.2	Now, I just, I got to tell you, these guys have a bunch of different dealerships.
0:46.0	They're in the mobile area, but they sell all over the United States because, once again,
0:53.1	who they are has been so important to what they've been able to accomplish.
1:00.4	This is the third generation that is in charge now in Joe Bullard Automotive.
1:07.4	You know, the granddaddy started it.
1:10.0	Joe himself, you know, expanded it. And now, Ty Bullard Automotive. You know, the granddaddy started it. Joe himself, you know, expanded it. And now Ty Bullard is the guy. And Ty's running it. And I got to tell you, man, I have known these guys forever. I know Joe and his wife Foncy, Jenny, their daughter, was the boy's first babysitter.
1:33.1	Ty Bullard. I watched Ty play football in high school. I watched him. I watched this guy grow up.
1:41.6	And now I'm so honored to just, you know, to watch what they do.
1:49.4	And so a couple of things I want to tell you about Joe Bullard Automotive.
1:53.3	One is whether you're looking for a car or not looking for a car, you must go to joebillard.com and look at the one-minute
2:06.5	video that is on the site. Okay. Again, it's joebullard.com. J-O-E-B-U-L-L-A-R-D.com.
2:18.5	And they do a series of commercials that are so much them because everybody that
2:31.7	works there at these Joe Bullard dealerships is so happy.
2:38.0	And they're so cool to be around.
	...

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