Capital Hacking E363: Living a Life of Legacy & Impact with Josh McCallen & John Edwin
In this episode of Capital Hacking, Josh McCallen, along with my co-host John Edwin, dive deep into the concepts of legacy and impact, particularly in the context of family and investing. We reflect on our personal experiences and the importance of discussing financial matters openly with our children, breaking the taboo that often surrounds money conversations.
John shares how he and his wife, Christine, have made it a priority to involve their kids in discussions about real estate and financial strategies, ensuring they are equipped with the knowledge to manage any legacy they may inherit. We explore the idea that legacy is not just about wealth but also about the responsibility that comes with it, drawing parallels to our experiences with families who have built successful businesses across generations.
We also touch on the pressures that come with building a legacy, likening it to the responsibilities of parenthood. The conversation leads us to consider how we can instill a sense of purpose and responsibility in our children, preparing them to carry forward the legacies we create.
Ultimate Show Notes:
00:00:00 - Introduction and Importance of Legacy
00:02:00 - Defining Legacy
00:03:30 - The Shift in Family Conversations About Money
00:05:00 - The Burden of Wealth and Responsibility
00:08:00 - The Heavy Positive Burden of Legacy
00:10:30 - Equipping Future Generations
00:12:30 - Structured Family Vacations as a Legacy Tool
00:15:00 - Creating Value for Future Generations
00:18:00 - Finding Your Calling
00:19:30 - Conclusion
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We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.