 All right. Good evening everybody. Good morning. Good afternoon depending on where are you watching right now if you can Hear my voice clearly. Can you tell me if you have any kids in your house if you have any kids, right? Can you type KID kids in the chat? I want to see how many of you are parents here or how many of you are expecting to have kids very soon All right If you always are you are also expecting to have kids very soon Then maybe you can also type KIDs in the chat because what we are going to talk about tonight It's something extremely extremely important to parents as well as to You know like upcoming parents as well aspiring parents. All right, so let me see whether you guys can hear my voice clearly Okay, I can see that Coffin is here. Good to see you Coffin. All right Also, let me know if you guys don't mind how old are your kids this year because we know that our kids can have a diverse age range from like five six years old Maybe newborn baby all the way to teens teens also consider kids So let me know how what what what's your age range of your kids, right? Because tonight the expert that I'm going to invite. He is super super specialized in educating young kids All right, however, all right, however, even if your kids have grown up a little bit for example until teens level This is where he also has experienced coaching people as well. All right, so I can see that Coffin has four kids Wow, that's amazing 10 8 5 5. All right So what you're going to learn tonight definitely is to be super relevant and I think you can implement it right away So I have a leaping who has 23 21 16. Okay, fantastic So you are in your teens and some of your kids are adults already Congratulations, but whatever things that you are going to learn tonight maybe you can also impart to them as well because I can see there's some of the Adults right early young adults. They also need to learn about money management as well So this is something that we are going to talk about tonight as well fantastic So I can see everybody it's tuning in. Okay, so this is what's going to happen I go and officially invite my guest to come up here All right, and thanks everybody for participating and once again if you find tonight's sharing useful Remember to give out the thumbs ups as well and share it to your friends Because what we truly want to do is to inspire more people to learn how to manage your wealth properly Right and how to grow their wealth as young as starting from today All right, so the expert I'm going to inviting him. All right. His name is actually honest now If you have not all right heard about honest before actually you should be surprised because he has been featured in The newspaper he has been featured in radio station in schooling TV stations are multiple times All right, just on a strict time alone. He actually shared two times about educating kids right teaching parents How can they inspire their kids to learn about money in a very very fun manner by the same time I think it's very important right for kids to learn about money since young but then this word is almost like a taboo Right, so tonight we are going to crack this code. How can we bring out this sensitive topic to your kids or to future? Future of your kids are for example, I don't have kids, but I'm very very keen to learn Let's say in the future when I have kids What can I do and so that to really make this conversation and and Inbuilt the right money management mindset and then in build the right management attitude and habit in my future kids as well So if you guys are ready to learn can you type learn in the chat? All right, in fact Ernest he himself has three kids are right now He is a grandpa already because his kids have all grown up But the amazing thing is all of them right learn how to manage money since young and they become very Financially savvy and as a result become financially abundant when they become adults All right, so if you love that then you want to educate your kids really give them a good head start from beginning So without further ado, let's welcome Ernest to be here. Hello, Ernest Hi everybody It's so good to see you. I think I'm very used to talking to kids I think the way that you say hi everybody is like you are talking to children already. Oh, yes I'm like a big old grandkid Big old grandkid Okay, and to add on to what could be for your introduction For people who are attending this session if you don't have children This session will benefit you for those who don't have children. You have niece and nephew this session also benefit you So we need not to have your own children guarantee. All right, that you were definitely benefit something. Yeah, and past day I think we are all eager to learn caught thing Litain is all eager. So now let me kick start the first question I since just now we talked about like money is something that it's like a taboo. I remember when I was young None of my parents educate me anything about money right because we they always have this conception that you know Like kids don't need to worry about money, you know, like they should learn about it when they are adults So what makes you become so passionate about teaching kids about money? Well, my story begins from where I'm very very young. Okay. I hear always here frequent quarrel About money, okay Money is always never seems to be enough So there's always a lot of argument a family about money and then as I grew up then I realized that hey really really money Now and my father went into a bankrupt, especially when my grandmother died Okay, he doesn't know he own Renovation companies and he was doing well But when the mother died, which is her walking ATM Cash will become an issue and he died as a bankrupt and As I grew up and I realized I say hey, I also don't want to be poor But being I can't actually not good as my study where most parents always Tell your children including myself that you must study hard, huh? Only when you study hard, you get good grades. You go to university. You will get good paying job Unfortunately, my parents also say the same thing to me as well. We have the same parents Well, because that is the mindset that they brought in and Unfortunately, all my report book has never been good. It's always in red Yeah, and the only thing that I always remember all my report book are very talkative and improve Up to my old level. I never pass my English Okay, I never pass my Cambridge. So trying my a level as a private candidate and Feel all the rest of Jack Yeah, I'm no good at my study so I only know that I got to work hard and Find my way out. So I begin to go to the army All right, and then take all sorts of vacation license and then started working live I mean I'm a bit blessed that during my national service I was being handpicked to do at that time in the 1982 81 82 The mid-deaf was trying to computerize the system So when they computerized they were trying to get army boys to do data entry last time was data key puncture And I last time got an intake of the you all don't see it anymore, huh? Okay, and that's how I Stayed two years on there and then I got a good testimonial and then I began to apply a job in the 1980 82 83. All right and start working as a Video operator at that time nothing you never heard about diploma in computer study. No, just take it was very new in at that time And because of that I progress is very odd. I went to self-study a I think my Distant learning causes diploma and because of the interest I have I did very well And I am 36 I already reached at the peak of the doing very well as a EDP auditor. All right, the earning about 56 K in 1995-1996 was that consider a lot, right? Yeah, that time because it was a demanded trade, you know, and at that time no no polytechnic or university had computer studies however, during this 16 years in my employment I was being retrained three times in my life. I See I realize that hey, that's not the way As I grow older and older Computer so seems to be suitable for me. I keep lying because they keep on changing the language And I have to keep on going study and I keep on getting older. I know no no no That's not what I want. So I begin to have vacation license taxi Bass vacation. I even got crane. I even started job like, you know, Alangunee You really try out many different things Your own business as I see third was about a team Okay, other than that, no, I didn't succeed at all. I feel all sorts of business. I'm a Jack Jack of all trade master of none. So you will ask me contractor electrician. I know bumbling. I know but It's not a master of it. You only Then in terms of start Yeah, I mean when I started about money because by the time I'm retrained the last time then I say hey I got no more money to start business Capitals or somebody recommended me to become an insurance agent Which I hate the most I Never like insurance agent because I always find them aggressive very pushy, you know, and I just don't know I think you wouldn't take the exam is ever sponsored a company and I when you pass I give you $500 at that time the $500 is a lot And you split with me and say, okay, fine I go and that's how I started at the age of 36 as a part-timer And then from there when I started this line by coincident something I don't like by the divine And along the way, I met people like, you know, going to natural achiever Congress I begin to meet my mentor study things like money and you, you know, along the way I met a lot of Westerns people that I learned a lot of things about money that My family or the school system had never exposed me to Okay, people has to pay Few hundred la or maybe at that time 30 40,000 at least All right to learn all these things, but I'm glad that I have a choice to learn under your feet by butter trade I say you learn from I think like some very successful mentors like T half-acre Yes, yes, T half-acre was my favorite followed by Robert Kiyosaki and you know Robin, you know And a few others like even my money coaching institute, you know, that bra, you know And all these begin to streamline and then I realize that, you know, in my course of my work as a financial Advisor, then I realized that hey Why are people not succeeding in your life when they come to money? That's an insurance agent. I never want to force people to buy But somehow rather I felt that the mindset of people having that money is not Empowering them to make decision Everybody wants money through a lot. I mean, you know, everybody wants to be happy a millionaire Everybody wants to have money. I'm not too sure they can talk anything. I can't see anything They can they can there's a they you can actually see it from the comments. So so They're learning from you, but in the meantime, right I can also see do you have some because you just want to talk about you learn from two half-acre and all this Right, I can see there's some jazz behind you Is that some of the inspirations that you got from T half-acre as well that you teach? Yes. Yes This is definitely from T half-acre Okay, I have his permission if he endorses my book reason financially safety I'm an author of this book and he endorses it and I have his permission to use it Knowledgement to him and then because of the six money jar that is meant for adults So I realized that as I was teaching adults, then I find that hey, why do we don't want to do all the adult has to go through this pain to unlearn To relearn the new things about money. I mean those habits are already difficult right once you beat those habits It's so hard to change So I decided that hey the only way during my getting my master as a money coach The way that I learned was that as young as I shouldn't I shouldn't give away these questions Yeah, how old do you think you have memory about money How old do you think you have the memory about money is it memory memory about money? I give you a choice Okay, let me share my experience. I think the the the oldest memory I can immediately think of right now is properly Five five six years old when I take like, you know Take bus together with my grandma and then like we use the notes to deposit inside the bus That's what I think. Okay, so some of the audience here Michael say five as well All right, anybody else anybody else what what are the age as well age It's like the first memory of my money. Is it? Yeah No, okay, so I Can you let us know the answer then? Well, I like to keep the answers for my next week Event because when I give the answer it's not fair for those people who didn't attend tonight Then you know because the next event when I'm running, you know the wealthiest Audience of the participant will win a prize the ball game for me Yeah, I'm telling you all the answer is all not here all the answer given Right Okay, interesting. I'll give you a hint here. I'll give you a hint much younger and I can Wow All right, all right, okay, we shall see but I think later on and this will also share about some exclusive events that will be running Okay, but before that, maybe you can share with us, right? What are the common mistakes? that you know our parents generally make when it comes to teaching kids about money and Because of that what damages do you think it has done to for example? Like kids like me right like who grew up because I always think that you know when it comes to money I didn't know how to manage it until I turn 20 plus because my parents never teach me anything about money management So what kind of mistakes do you think parents make? Okay, first of all, everyone here. There's listening in. Okay. How many of them all together now about 80 people Yeah, okay. Have you here please? forgive your parents Because they wasn't taught about money also That's true. So please forgive them But after tonight and actually I after attending my lessons next next two days, okay Please your children cannot forgive you. I cannot ask your children to give you because you're gonna learn something So the number one mistakes that most parents make okay is money Don't go from trees Ries is no good Don't talk about money la top money. Ah, her relationship Jiang Chen sang can't you know? Yeah. Yeah. Yeah. Yeah. Yeah, so That that become a subject that most family push it aside And you only time this way my I love my DJ Fending at 972 and audience call in and say, you know Transients and they would you they call them call me transition and they call me be time on food How come you keep on talking about money, but you never heard relationship How come it's possible? That's very simple my answer You make that as part of your daily life routine In good times you start talking about money. You start discussing about money So that in bad times you can take it as a pin of thought you already have that common understanding Then you will never have a relationship your tone will be okay People understand where you're coming people understand your frustration of having not money having that financial stress Under the family can understand but if you don't talk about it at all Then suddenly you talk about it That's the time when you problem and then your tone is no good You know your body language is no good. Sure. I'm so argue wrong husband And why should argue no this one the number one number two reason for divorce is money Because we've been caught shit days. They don't talk about money Yeah, I need one is a spender one is a saver Then the world are you a spender? Why you are like that? You wasting money the saver say why you so stingy So, you know, you hear this now what be how you like people calling you a stingy guy or a stingy girl All right, you the relationship is like It's like since the regardless good time and bad time always trying to find common ground, right? Like like I have this I will call this call. I call this the daily Teachable moments daily teachable moments parents if you will observe it Every day every part of the life you can find a moment that can talk about money one For example at this hour, what is your kids doing? If today you are not attending this session What will you be doing with your kids? Are you watching a TV? Are there advertisements going on? So you can use that advertisement to talk about it Why is that advertisement and what are they doing? What is the objective of these advertisements? Then from that. Oh, this advertisement is actually trying to I call this merchant as woof Okay, and this is where they're gonna rob you the money They're gonna get you to spend and then who are they gonna entice it the kids only All right, all the ladies you see most advertisements don't really go after the man They go after the they know the soft spot. So you use that point to start talking about money Yeah, for example, if you say hey, you know, there's a selling iPad, you know Macbook, you know, if I say hey, how about the stock and share the I'm at Distinct laundry the price of I'm mad or the Apple company will show go ups Start talking about it. Especially just now. I see some of your your children's are teens already If they are in the teens, this is a time that you got to stop talking to them about money If you don't talk to them guess who is teaching them The social media the friends the friends the merchant and guess what the merchant teaches them to spend money Yeah, think about it. All right, there's only way they make money on very interestingly since we talk about like there's a lot of If we adults or we we as a parents don't Share with kids about money actually at the end of the day I can see that what you talk about money is actually more than that It's way broader than that. It's more like a business as well Right, like what is the business trying to do? Right? And let's say we talk about Apple, right? What is the business behind it's not just the iPhone is not just an iMac It's about how Apple make money as a business. So when you start introducing your kids about money You talk about it. You expand their business sense as well. But okay, I have a very interesting question since what you Have been sharing with us is if you don't teach kids about money, they will they will learn from others Right and for example learn from merchants and from advertisers and they will end up spending But then there are also parents who have been telling kids to save money, right? So what's your view on that? Is this a mistake as well in your opinion? Well, I think young I think it's all right parents to tell them to save money But you tell them to save money must save with a goal Most parents tell them to save money for rainy days So what happened? They will come to you. Hey swimming outside already know how come I say Cannot yet to spend the money Yeah, so it's good to have a specific goal. What is this money safe for? Yeah, so with that then the children will understand but as the children grow Parents don't say the same old things safe safe safe Define it boring and the children will never want to follow you The teens want to hear some other keywords crypto Investment stop and shares, you know and yet is where I created after teaching kids for about six seven years Okay kids kids kids means Seven years old to 11 to 12 years old. I consider them kids The last seven eight years. I'm teaching kids today. These kids has become teens And the parents are requesting a unless what about anything else for teens? Looks like they now don't listen to me like because teens really go up. They don't listen to parents anymore Okay, you have this same situation that your teens is I'm not listening to you You have the same same difficulty like me in the chat I I still remember I have the repeller stage like everybody will go through this repeller stage, right? It's not only rebellious They also know who to look for whether you're credible or not I mean if you keep on telling saving saving they say mommy go la la Saving saving say too much more than go la la. Don't want enough enough enough. Okay. Okay. Okay. Don't act no next Then they will start listening to the friends They will start going outside to learn now and that's where I decided to come I'm the enemies of coming up the fiends program. Okay, and then definitely Teaching the parents themselves to become financially Free and to become financially parents saving so in order that the children can murder So a lot of things I mean teaching the parents so that I I only around How many people can I reach? But the parents your children's are with you most of the time So you are the one that can always spot those daily teachable moments Where there is kids or teens and start teaching them especially even like koi I I literally love your part of teaching value investments I I learned some something and then I hope that I can even impart it to my grandchildren Like my three children are grown up. They have your own mind ready. All right. So very important parents you need to get yourself upgraded also Yes, when you are in the childhood You you were deprived of the money those lessons time to learn. Okay time to read some books and get yourself afresh to keep up If not your teens you lose it to somebody out there So I'm also very curious, right? Like like what you say it's very important to get you know Like we as parents we we get educated first so that we become the role model We teach our kids the right way But how do you strike that fine balance? No, like if we keep on talking about money Let's say let's say when I have a kid then I start teaching them about investing and all this like how do I make sure that they are not Becoming too money-minded like how do you strike the balance like and and then they care too much about money Well, that's where I come out my money justice term the kids one Okay, this way we make sure they say for a purpose They also spend they also give We don't just teach them to make good money. We don't just teach them to become a hogger You save save save they become a hogger Also, no good. Yeah, so we want to teach them to make sure that hey as you save You also as you grow up your money must grow with you But at the same time we also teach how to give away Okay, so when they become teens then they wish where they follow the six money just system Again, the six money just system has that part about giving back There's also another one about celebration If you manage all the first five job well, the six job is for you to celebrate Husband and wife don't fight as long as she managed the first five while you join well the last job She want to buy a hundred pairs of shoe using the last job. It's okay All right, it man. We don't understand women and you don't try to if she needs money to go fascia Massage if he's from the sixth job Don't ask The first five job manage well sixth job is of celebration. It's for fun. It's for play likewise ladies if the man buy a lot of computer gadget Flying all over the place. You don't understand. Wow. Permit them record six seven bowling ball another three or four Hey, you only know what every time bow when you zone bowling. How can you buy six? don't ask Okay, as long as it's from the sixth job, that's true. That's true It's not exactly each other's a hobby respect each other's decision as long as we know that this job is the money that Has to be spent anyway, right? You just spend two for our joy, right? So the only that I want to advocate teaching kids about money or even making yourself to learn about money Is that I know that money subject can be very dry, especially investment I want to make it fun for you All right, so that children will enjoy sitting with you to learn together and that's where I created the board game Yeah Why I want parents to have bonding time All right, some people has already approached me. Hey, can we convert these to a computer base or not? I said no strictly. No, no. It's too much screen time already All right I want everyone to sit together Go through with them and then they understand they talk about it You know raise the question raise the you know, whatever card they ask them what do they think and parents can always contribute to it The answers is no no right. No wrong. Okay. It's a learning experience So always Parents and kids learn to bond by the same time the kids also get exposed to money topics in a very fun And and educational manner. Is that why it must be entertaining too. It must be interactive No, something I said only uh, so I'm I'm proud that I say only then you follow. No, no Listen to what they say because I I'm even myself as a master molecule. I'm listening to the teens They give me a lot of ideas and that's why now I'm coming up the teens program I may even write a book based on what they give me the feedback So the teens the young people has their own way of thinking they are faster than us Faster than me at least I'm 63. You're writing. All right Definitely and these are the people are the future generation of money masters Okay, I'm also very curious like like this board game. Like where can people buy it? Like is it like from popular bookstore or like where can they buy it if they want Well in the past, yes, you can get in popular but now no more if anybody want then can let me know or let you know All right, you've not come to our events. All right, and uh be the richest Participant or the audience, you know win the board game. It's worth 108 dollars I see 188. Okay. So guys 108 Okay. I want curious how many of you would love to have this board game If you love it, right? Can you type me in the chat, right? How many of you would love to have this board game? If it's given to you, I saw a command for the last two years I stopped giving materially to my kids for your birthday. I give thoughts Is it okay? One kid is 24 year old, but the youngest is four years old. Can I apply the same for both? Wow I think for the for the for the older one Uh, they don't like they don't understand stock and shares. I think it's a good question. Oh dear, right? I love that questions. Yes, that reminds me of a Teams who complain to me. All right and says, you know Some of them call me mr. Money or you know workshop or the kids they call me boss Okay, I say look, how come my daddy and mommy are So I don't want to understand what a damn It's something like hard up for money All right during covid, okay Most of us can't go out grandpa grandma will send an E on power birthday gift christmas gift Okay for you for daddy mommy to go and get the gift for me But end up mommy daddy never buy the gift for me like they confiscated my money Especially chinese here uncle also how ah So kids at four years old. They are still longing for that gift. All right. So don't deprive them of their childhood Yes for the 24 year old one. Yes, you can give them the stock and shares Why not teach them which one they want to buy? Okay, for example, if they want to buy a macbook, they said, okay Well, how about half the money I go and buy into share for you Yeah, so that they still get the give you know and something like that rather than you buy all then they say Boring, I don't I don't next time anything with money. I don't want to everything talk to mommy or daddy He's always like that one and all I don't get to enjoy my my childhood and become teens also to get to enjoy So no, I think when it comes to birthday I will say that In the month on the on the actual day. I can ask me this question again How do I manage birthday gifts money versus daily or weekly allowances? Including Chinese your uncle So that is a way to manage it that there are harmony me once you do that. There's harmony in the family Yeah, indeed I mean we as parents know how to do good things and write things for them But the children or the teens don't see the way we are doing We all want the young for your good, but they don't see it. They want immediate Graphication You buy some and share when can I use it like so much money for what? The young people always say tomorrow may not come. You only live once tomorrow not come Why like I wait playing so long. No, I enjoy first That is your thinking and your mentality So if you don't go along with them and they don't go along with you then nothing to talk wrong Then how to have a money conversation at home I see so it's like really different life stage as kids grow up That our approach will evolve right. It's not like one side feet all and then follow throughout right It's always about based on the development as well that interest and over time we we we evolve Yeah, absolutely right absolutely right and you know, I especially the pay those things are not built correctly And they got money blockage In your life and then from teens they're going to end up good One those blockage is there those I call them the money blockage is there Yeah financial your money will never flow into your life and they will always be struggling with money Okay, just like how we grow up my time Okay, how we grow up the mindset already said that you must study hard if you don't study hard Sorry, uh, you next time last time is what I call not rope super that What they call carry the sewage one Okay, I know I don't think you'll know uh, I think that I know nobody wants you then you put this out of job So once you think block that my only uh, I tell you are very hard for them to think outside the box I was a bit fortunate because By divine I was being wrote into the financial business and I met those mentors That's true. That's why it changes my mind But how many of us have had some privilege? So parents as much as we want to do the best for our children to understand what are they thinking Involve them in your decision making especially money making decision Okay, you want to buy some for them teens involve them Ask them what do they think Okay, what stocks are they familiar with that they want And what would you want to be, you know, that's all pain. All right explain to them Kids teens with you explain to them in a good way that you always want to engage them. They will listen to you If you start from kids, all right now the things are like if you start from kids and even you go shopping You also involve them Yeah Come to christmas. Hey, I'm gonna buy this game. How much you know you do the budgeting at home involving down So when they become teens, you also involve them in every money making decision buying stock buying give everything is to involve them They will love you so much. They will listen to Yeah, today kids you're the younger adults the young adults after teens become young adults A lot of them went into bankruptcy Because they don't know then they borrow money and they go into investment They invest in things they don't know and then they lost the money. They don't know how to pay back They get into credit card debts, you know, it's something Yeah, today I was just talking to one of my colleagues as well. She said like she has a friend or acquaintance that she knew that Every time this lady every single month. She will buy an expensive bag for herself And but when she checked her bank account, it's always zero because she Spent all her money And to buy luxury products, but at the end of the day, she is not rich, right? So so I think this kind of money habit is definitely not developed overnight It's all through her childhood her upbringing and that shaped her to be in this bad shape Right, so it's very important that if when we have kids we as parents should really educate the kids well Yeah, that's why the money jar system. I think comes in really handy as well and I can see a lot of our audience here Jackie Okay, Sean swan. I was also thinking about oh, then how can I get the board game? So, uh, okay guys at the very end of this webinar this sharing We are going to share with you one One simple thing that you can do and you stand the chance to win this board game Completely free of charge. Okay. So at the end we will share so stay all the way to the end Now I have another question for earners. Um, can you share with us right like should what age? Should we start teaching kids about money so that We can Do this and as they continue to evolve and definitely the approach will change But at least from what age should we start teaching them about it? Is it like when they're still a baby? Or like how? Um, you're forcing me to give them the answer Okay Because I know next week you will share even more I put it this way Kids these days are very smart I don't know why could it be the milk powder that you're giving or because of your genes As young as possible. Okay They look they watch you parents. They model after you Okay, and that is where parents Be careful Every action money action that you're thinking Every money conversation that you're talking regardless of you're talking at home or you're talking to a merchant The kids are observing it and they are learning it Very fast As young as two years old Two Two years old They the kids are really learning about money How do I know part of my studies as they're my master money coach? Okay, I we have this something called The your money stories you trace back as to the young every year you trace back what money lesson you learn every age So if I'm at 63 I trace back at 63 what money lesson have I learned All the way to the youngest So as young as two years old, I realized I already have memory about money And the first memory about money Asian Asian You remember Yeah At what age do you receive on power? Wow, not so young man Because most of the time it's parents take away. So when You can remember parents take away, right? Yeah What age was that number one? another way to prove it As young as two years old the kids Already start asking daddy, mommy. I want this. I want that Where do you think they learn from? I want this. I want that The kiwi rice. Why how did they know? How did they know the kiwi rice or even that capsule ball? Hey, it's to put money and get the thing out. How did they know? Someone I showed it to them before kids are innocent Right the moment they start asking for money. I want this. I want that on the book They already know about money. You got to start teaching them, right? Hmm. If it's not true, you'll be two and a half to three Hmm And guess what the first money lesson that you were taught Yes, what type in a chat type in the comments. I give you four four choices. Okay the first money lesson that you learn spend save Share share means giving or speculating 4s Oh Okay, so guys, what's your what's the first money lesson that you learn save type save spend type spend third one is what uh share And then a last one share means giving uh sharing Okay, okay. Both one is uh speculating Hmm. Okay. Benson said share very good. Benson. So you can share. Oh, you got good attitude of sharing uh save Save uh, uh lay down six save All right, uh We're one facebook user say spend Okay, share because got two brothers save I think if i'm not wrong the first one for me is share because like, you know, like we as kids We always don't want to share our toy, right? Like I'll be like, ah, don't snatch this away But then the parents will be like, ah, no, you must share you must share that that's I think It's share Yeah, but most parents will give you a piggy bank Okay, save you money. All right So a lot of people say share and save only one say spend You know what the answer is spend spend Yes The first money lesson you learn spend they say how can it possible and My mother don't teach me how to spend. Yeah No, they only give me piggy bank. They tell me to share. They tell me to save You see parents you are unconsciously teaching your children to spend at two years old You will never leave them at home to buy groceries You'll lock them along and you start spending right in front of them It's an open language They observe you so in the entire 28 years as a financial planner and a money coach The hardest lesson To teach Okay And money subject is investment The hardest So dry people think it's risky But one subject that I don't have to teach I'm going to come to finance spending Everybody's so good at it And if I tell you to cut your spending to save money so that you got money for investment Oh, everybody feels so Cut my spending. Oh, no, no, no, no, you're going to hurt me. No, no, no, no cut my spending. Guess what? I don't have to nobody teaches you spending what But you learn it from your parents as young as two years old That is true. You spend an important role to be that role model Today you yourself spend money when you go shopping. Did we come out a shopping lease? No, why because your parents become a shopping lease Just go there and pick pick pick Same thing right now. You also go shopping with your children I just picked I need you when bothered to check price compare price. I have to troublesome So anything inside the basket and then go to the counter and what do you do is credit cards Oh, why is there a point up? Very good your children learn they become teens All right, the bank will offer them a debit card first when they start working two months salary going they offer them a credit card Right, so are daddy mommy. I can also go for more but be ready. You got credit card. I also got come daddy mommy I treat you go to the restaurant. Thank you for bringing what so now I'm upgraded already, huh on par really you got credit card I got credit card, huh so what They spend the money using credit card And then they go bankrupt Why? Because Baron when you was using your credit card They saw it but when you were paying it, they wasn't next to you So when the kids grow up, they didn't know that after using the credit card There's something that I got to do immediate payment or payment on time in not Interest to kick in and the interest is like I long, you know long shot right there, you know So did you use those moments as teachable moments to talk to your teens and your kids The bank don't expect the bank to tell them. Hey, you could the bank would tell them you pay minimum $50 only and the kids says you pay $50 only what they tell me pay $50 at payload But they didn't do all the five grains Your factory is so small Okay, you don't teach them parents you do as teachable moments when your kids aren't teens I saw there's some those are in the 20 odd. These are things that you got to explain Yeah, so it's that So parents you are the one that could be the greatest influence in your children's life If you are financially success who they will be financially success if you are financially stressed Guess what unless you change your mindset or they change your mindset They will struggle like you just like most of us are following our parents money patterns That is true. I think like especially like what you said about a teen Young people have credit cards Especially I think in the u.s. Right. I think in the foreign countries. These problems is extremely Permanent right like people just keep on using credit card and then the debts are getting higher and higher And then yet they have no way to repay it in Asia. I think it's slightly better But then right now I think with youngsters they they're getting more want to enjoy life and all this Maybe this problem we will become bigger over time as well. No, no, it's not because it's really happening. Okay Yeah, a lot of Seductively has to show that a lot young people are going bankrupt Because of credit card steps both Singapore and Malaysia because I also do a lot of toxic Malaysia So that's why when the media asked me all these things, yeah Yeah, so it's credit card bad That I want to be together. No credit card is not bad It's the way that we use it and manage it Okay, so Instead of using the six money just okay technically. Yeah, I'm financially So I use credit card instead of my physical money just When I use physical money job when my kids were young So they can stop they learn by future Yeah, but you know, I've now used credit card to manage my accounts So I don't want to keep track, you know How much I spend on my necessity? Well, my groceries I got one credit card. Yes I use for grocery Sony so every year I know exactly how much I spend on grocery I make use of them to keep accounting for me Yeah, so it's not bad. It's only how you manage it. So you got to be smart So oldie has a question if that's the case why some children grew up to be a saver not spenders Even though the first thing they learn is to model after the parents will spend Well, ask yourself some some some parents are really really saver Because those are the time when our life was hard Okay, even though they don't save a lot, but children observe how life was difficult How your parents earn that dollar? All right, so when they grew up they treasure they value the dollar even more They even had gone to hunger before So when they grew up, they will never spend the money even they are well to do Yeah, one bit It reminds me of my childhood that I grew up with my grandma and my grandma is super thrifty Like she will in order to save that bus fare She will rather walk instead of taking bus. That is the amount of thriftiness that she has in her, right? And yeah, so that I'm a millionaire right now I just don't have the habit of spending And sometimes I just say, hey, I can't bring a million with me. Money not spent is not my land I must learn how to spend it like But I just don't know what to buy Of course, I think some of you say don't worry. I'll bring you along. Sorry. You go shopping with me. You'll find it very boring Because I just don't feel the need of that because the way that I was brought up Is you know to be thrifty Right, not that I don't enjoy all this thing, but I just uh, is it necessary? You know, is that something else better? You know, there's something it's it's the same as your your your grandmother Chloe I rather walk rather than you know, and I feel figured out is also a form exercise You know, it's our thing. So It's all got to do without upbringing Yeah, I see. Yeah So I'll just answer these facebook's Users question why why isn't that it's shown as facebook user because we are using stream yet So if you want your profile your name to be shown right, you need to connect your your your account to stream yet So that next time uh, when we turn live, we can always see your name. So you can do so for the next life So don't worry. Uh, we will we will be able to see you next time when you connect Yeah, so but of course I think like what like like what uh, this facebook user is saying right like like money It definitely isn't everything but uh, family is more precious. But if we learn how to Really discuss money and like what earners say right like have this conversation Actually, it bonds a family. I wish I really wish my parents can get me more involved In their money decision since I was since I'm young and then I think I will be able to Really bond with them a lot closer. How they make decision why they made this decision and learn from their students as well Yeah, yeah, and I think it's true money isn't everything Okay, family values are very important Okay, family culture to us is very bonding also very important And that's why you know in my financial banking workshops, I even talk about your love affair with money Okay, and people say ha love affair with money. Yeah love affair with money not anybody else So a lot people say, ah, what is that? how A lot of right lah. Okay, and people who do go through those exercise have a lot of self discovery Of how they were brought up and how they are treating money right now if money today has a voice What money said to you? How will money react to you? and uh In my workshop, there are people who cries I think it's like what you said right the discovery because so many times This topic has been Buried for a long time right but it's already in us But we become so desensitized because every day we just busy with our own life We thought that it's like a second nature right but once you unlock and unbox yourself You will realize there's so many limiting belief or those Old beliefs that are actually not healthy, but it's Shackling us in a way that prevent us from breakthrough But if you are able to have this conversation with yourself honest with yourself I think that's how people start to break through. Is that what you mean? Yes, I always ask yourself When was the last time you had conversation with money? Did you talk about money? Do you love money? If you say you love money, when was the last time you talked to money? Huh? Money is a piece of it. You may talk to the money. Oh, yes Okay, and see what money will say to you Then that's where I created a relationship with money You must not have the money blockages Then you find that when you have a healthy relationship with money I guarantee you just remember that if money is that boyfriend or girlfriend of yours If you try not to talk to them boyfriend or girlfriend of yours, you think you have a good relationship Sorry. Bye. Bye. I look for another partner and that's exactly what money You don't treat money. You don't love money. You don't talk to money. Sorry money is going to follow me most of the time Because I talk to money all the time all the time because I'm a financial guy. I talk about money every day even right now. I'm talking about money And there's no money love me so much Wow, wow, okay now. I think uh, I think the audience are also curious like Where can they learn more about your work and all this? So uh, uh, can you share with us a little bit like if the people are interested to find more about you and your work? Where can they find you? Well I promise In uh your event. I'm not gonna sell everything. Yeah, but since you're asked the next one I think it's on the third. Isn't that third or fourth? Yeah, it's going to be a same same place here. I'm going to do a maybe 19 minutes 16 minutes 19 minutes to give a lot more details On the work that you all as parents can do financially smart parents Okay, so that one. I think we are not going to charge you anything. Usually it should work $99 because I love to give free but you know what happened is People always take it for granted their book book book last minute. They never show up Wasting my money and then money would never allow me to do that But since it's going to be like online. Okay, I leave it to go with you decide you invite the 19 minutes I will see If you love that right type me in the chat. So uh, uh, yeah Ernest was saying that because we want to do another More in-depth sharing today is just like really sharing with you the broad concept of the money But during the exclusive sharing he will also be sharing a lot more in detail about how to teach teach kids about money Right there. What are the steps to do? So this sharing he will share a lot more. So, uh, where can you find this sharing? Okay, because that was exclusive to my Telegram followers So if you have not joined my telegram do join my telegram because over there will post the details Uh, it's it will be via zoom sharing and Ernest the date is 7 of august. You know why seven seven august? Okay, seven august. You know why because it's my birthday. I want to celebrate together with you Let's celebrate with everybody then Let's celebrate with everyone. It's gonna be very fun. So seven august It will be a time when I give a lot of tips Okay for different age group parents How you want to teach at different age group practical proven and things like that So I even as you all give allowance there must be an agreement or something These are things practical one. I'm going to give it to you Of course, you will be still a very interactive exception with you all Okay, and again, if you're not using win the uh, Although that session if you are not you will be the wealthiest one. You will get a ball game Okay, yes So if you want to get a ball game, uh, so when you join us next week on seven august during the exclusive sharing Uh, there's one winner because we want to make sure this is an interactive session So Ernest gonna come back games for you guys to play as well, right? And if you win then you will win this ball game that is worth hundred eight dollars I think that's like thank you for for so much for sponsoring during my birthday Yeah, no issue. Thank you very much and those after attending it and you still want to go deeper Okay, then that will be a I think you will allow me that my financial parenting workshop will be on the 18 19 and 20th of august 8 30 p.m To 10 30 Why that timing because those time at the timing you have finished dinner your kids is about to go to sleep I know how hard is it for parents to find time for themselves So it's only I can only sacrifice on the friday night saturday night and sunday If you're willing i'm willing to teach and to impart this legacy to you Okay You can also win the ball game Wow, okay, that's by the way the session is quite quick that session must pay a hundred sessions the three next But again, not a lot anybody who couldn't afford it. Let me know scholarship available Wow, I think we're going to share that next week also right the some scholar So make sure to join my telegram over here so that you can uh join these exclusive sharing that's happening next week on 7 of august but in the meantime, all right I also have one bonus gift for every single one of you because for us We really constantly want to provide you additional resources How many of you will like enjoy tonight's learning and you you found that whatever things that you learn is quite My opening uh, all right if you if you find it useful Right can you type you in the chat you sense or useful All right, and for us our company next level is constantly want to provide additional resources for for people to come and learn in different aspects because we believe that Investing which is our key focus is our strength, but we should also learn different aspects of our life as well Right including like teaching kids our money, right as well as other things like health wealth relationship so what's going to happen is on Next weekend actually we do have an upcoming event that we will be inviting experts All over the world to actually come and share with you to break through right and that conference It's actually called limitless. Okay. Now. Let me just quickly show you. What is this limitless conference about? and I think it's pretty amazing because earners remember he actually learned from mentors right and one of his mentors Will be here and that is T half echo right T half echo will be here to really give you some additional insights and tips to help you to level up to break through your Unlock your money money mindset. All right. That's how you continue to break through as well And then we are also inviting league voyager All right, who a man it's really a symbol of unlimited possibilities, right even without limbs Right, he can achieve so many things in his life Right, and there's definitely certain things that he want to share with you to help you to unlock your potential as well And definitely we are also going to talk about different things like including investing Right, Sean will be speaking. I will be personally speaking as well So, uh, this event is completely free of charge But in order for you to register for it, I'm going to give you the link right now. Okay, so I'm going to stop share so all I need to do is to go to Over here. Okay. Where is my uh limitless? Okay, there you go. Okay. I think I okay. Let me just type it again Maybe I did not manage to type it just now. So rebrand.ly Limitless c. All right. So that is the The short form. Okay limitless c c stands for conference. So all you need to do is go to rebrand.ly limitless c You will be able to join us at this event So make sure in order for you to receive the zoom link because it will be uh by a zoom as well It's a two days event. So if you want to make sure you receive the zoom link You need to confirm your email All right, because some some students say oh, they never receive the zoom link because you never go and confirm Your email. Once you register you need to go back to your mailbox that you register for the event and confirm Then you will be able to receive all those additional resources as well as the zoom link as well All right, so if you have registered type r in the chat Okay, so there are many things that you can definitely learn from there and and on top of that remember next weekend Yeah, that's this is the this event is happening next weekend But before that, okay before you come for the event do join us in our 7 august sharing where earners will be showing a lot more about teaching your kids about managing wealth managing money And how you as a parents can incorporate that in your life as well so that is Have to join my telegram because I will be posting that exclusive zoom zoom link inside as well, okay Because my zoom I only have 100 uh, so uh limited seats So first some first come first serve also, okay anything more than that you will be in the waiting room Okay, so you hope people drop off then you can enter the waiting room. So come early as well. Okay, so then I add something clothing Yes parents If you have teens This make the less program you please invite your things to attend also It's once A lifetime that you may not be able to send it some of these speakers already retiring T half is already in Lake sixties all right How many times can you learn from? The horses mountain the gurus, you know the the the the veterans I I honestly will ask you that if you got chance. This is a good The teachable moments to invite your teens to come and attend together Okay Don't miss this opportunity For kids is super too young teens definitely can attend Yeah, how I wish I get to see t half at girl life, you know like I because today like one of my team members he was saying that oh back then he managed to Attend at his life event. He said it was so good that he learned so much from him so I was like, ah, if only I can attend his life event now that would be very different as well But nevertheless, okay this time we are going to have a virtual event and we have him virtually You are definitely going to learn as well. Yeah. Well, he's no longer traveling to asia Travel over there to meet him. I wish I got to go with sometime next year Travel to us. I mean some of my mentor to catch up, you know I'm being so blessed, you know when my books, you know things are converted to Ben Amni So I thought I would learn like what Robert says, you know travel around the world with people paying for it You don't have to pay for it. You travel around what people pay for you Yeah, and that's my goal. Yeah, I'm enjoying it in Malaysia. I love it. I go Malaysia people are paying for it. Yeah Yeah, so guys, okay, so remember next week. We are going to have uh Ernest Beck, okay It's in my telegram channel do join us as well in the meantime if you have not registered for the limitless conference This is where the link you can register as well and do also actually Because this is actually under buffer online school So if I've already registered for our upcoming buffer online school two days class value investing It's actually happening this weekend. So I will be there to teach you as well So there are a lot of uh stock market opportunities that we can see together So if I've not registered for our upcoming b.o.s Which we only conduct like once a month and all this our july intake was full and that's why right now We have the August intake so do join us. If not, uh, then the next one will be in september already, right? Then you are going to miss one month of market opportunity. So make sure you seize it and the link is all up below All right, so without uh, without holding on more much time from uh, Ernest because you have been so generous with your time thank you so much for sharing with us and Looking forward to your sharing monday as well next coming monday on 7 august All right, see you guys. Thank you so much everybody for joining us and we will see you in our next sharing. See you See you