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Tell me about your vision.

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So the vision is that second 50 movement,

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as you just read, is going to really,

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I think just give people permission

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to live better, longer lives

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and not drift through the second 50 years.

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Because I think that mindset shift includes

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an old parameter around who we are

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when we hit 60 or 70 or even 80.

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And I feel in today's world,

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there can be such a tremendous benefit

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from using the wisdom and the wealth of this group

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to do more with their lives and do more in the world.

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But I don't, I'm not a Pollyanna,

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I don't think that people automatically feel like they can.

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And again, I know that for the wealthiest people

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that we've met and worked with,

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people still wanna know that they're not gonna run

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out of money, that they can define

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how they're gonna have a lifetime income stream.

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So it starts there.

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For those who are 60, 70 and 80 today,

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I can see the massive urgency

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behind your message and your vision.

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That's daunting in my opinion, it's a little daunting.

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It can feel a little overwhelming.

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How do you manage that?

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Yeah, so it's basically because we named our firm

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second 50 because we think people may have longer

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than the second 50 to live, right?

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Absolutely.

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So then the next question is, well,

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how do I plan for this uncertainty

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in this unknown time horizon?

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And it's really the wrong question.

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So what we need to do is manage the risk

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around an unknown time horizon.

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And there are ways to do that.

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So that's what we work on and focus on.

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That is unique, I appreciate it a lot.

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So next question then.

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All right, which one I wanna go with?

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Kathleen, where did your vision come from?

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It really went, it goes back to the fact

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that I had an unbelievably wonderful and successful dad.

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And he practiced dentistry from the ground up,

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opened his own little office and it's so incredible.

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He just built a great practice and had a great cashflow

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and took care of his family.

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He never had debt, bought his office building,

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seemed to do everything right.

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But all he wanted to do was keep living like he did.

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But all he wanted to do was keep living life to the fullest.

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And when a health issue took him down

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and it shouldn't have,

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he was gonna be able to live longer

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but he couldn't keep that practice.

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And he wasn't set up correctly at all.

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It was very shocking to me at the time

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because I wasn't doing planning.

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And he had all the advisors for 20, 30 years

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but the right hand essentially didn't look

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at what the left hand was doing.

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And dad wasn't set up and I hated it

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because he had made sure all of us had a wonderful life

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and now he wasn't going to continue his in that way.

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I went back to school at UCLA

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and I started studying planning

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and I looked at what may have gone wrong.

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We figured a lot of things out.

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So when he decided because he couldn't live his freedom,

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his financial freedom,

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he'd go back and do something else with his life.

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And he was about to want to launch a business with me.

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I'm driving him to the airport to LAX.

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He lives in Chicago.

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And he said, what we're gonna do

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is I'm gonna become a consultant in Palm Springs

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to the biggest dental institutions

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because they don't know how to do these certain procedures.

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And here's how we're gonna finance it

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and then I'm gonna buy a second house there

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when I have the money.

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He got on that plane

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and he was flirting with the flight attendant

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ordering Virgin Bloody Mary

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and he passed away on the flight.

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Wow. Yep.

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But he, you know, I mean, none of us saw it coming.

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It still stuns me to this day,

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but he was, I look back and I just think,

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oh, he was so full of life.

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He was enjoying every minute and obstacles didn't stop him.

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He was looking for the next thing.

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And then I'm watching people now that I'm in this age group,

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I'm watching people, I feel like drifting down

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and I think it was his essence that inspired me to think

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nobody has to do that.

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And no matter what obstacles, we can come up with something.

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We can make life better.

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That's amazing, profound, deep.

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How do leaders lean into funding their vision?

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What does that mean to you?

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I think leaders, when they have a vision

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and sometimes it isn't, it's aligned,

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but isn't really a part of the business

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that they're currently doing.

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They feel like they can't take their eye off the ball

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of something that has,

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and it's often the thing that's generating revenue.

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And it looks very practical and logical,

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that part of the business.

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And when they're thinking about their vision,

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because I know this happened to me,

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it's about, does it really make sense?

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Because it's something I'm passionate about

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is it's something that could be really viable.

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Will people accept it and want it?

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How do I find those people?

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So I think a lot of leaders are thinking strongly

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about a vision oftentimes a little bit later in life,

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or at least when they're already entrenched

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in something else.

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So it is hard to explore diverting your own wisdom,

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wealth and efforts towards a vision.

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Because a vision is usually has so much more heart in it,

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perhaps than what you first started doing.

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And then how do they lean into funding?

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I mean, I honestly believe you have to go deep inside.

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I did.

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I gotta say first, I love your first answer.

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Like I love that with a passion,

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like that was so profoundly,

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there's so much wisdom passed through me

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and there's so much wisdom packed into what you just shared.

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So go ahead, keep going.

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I know that's coming for question number two.

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Thank you so much for saying that.

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It's what I really believe.

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I've seen it many times.

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So yes, yes.

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Yeah.

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I mean, you inspired me.

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I'll tell you what you inspired me too of.

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Like just here, the initial start of the answer

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got me thinking quickly.

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You were so thoughtful about it.

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It was like, too, we often have visions

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we're not supposed to follow, right?

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Like literal vision, right?

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I can see a field over there with cows and I love seeing it

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but I don't need to go into that field of cows.

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I have no business being there, right?

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That's a vision, but it's not necessarily my vision.

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So you just got my brain and a heart

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thinking about a couple of different dynamics.

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But I do wanna know as well,

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how do they use funding, the vision that matters,

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the one that's really pulling on them.

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They know that they should or maybe they're called to it

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but like, ha, fear of the unknown,

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how do I get past that?

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Yeah, that's a great question.

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I believe that leaders will lean in

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if they have a circle around them, a community,

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a small group that are sharing the idea of a bigger life

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and a bigger vision.

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It's very hard if you are just with your,

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I'm not discounting same old friends and family members

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that have been with you.

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I'm just saying that sometimes you need to be in a room

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with people who think bigger and think differently.

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For me, it was a couple of communities that I joined

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that were just all about, first of all, get clarity

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on what it is you're going after

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and there's a lot of ways to do that

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and I'm not, it's too long to go into

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but one of them really is meditation.

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Getting clear means being quiet, listening to yourself.

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But the other thing is with people in the room

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that are also thinking about new visions

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and what they might do, that is very empowering

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because I've been in rooms in the communities I'm in

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with such successful people

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and they have the same doubts about going

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for certain things and then what we do is we work together

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and how do you probably solve this?

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What might be the first ways?

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Because there are a lot of great strategic problem solvers

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in certain communities.

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Thank you for being here today.

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I'm really happy that you tuned in to Vision Pros Live.

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I'm looking forward to seeing your reactions

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as these episodes continue to move forward.

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This is gonna get more and more fun.

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We'll have more and more engagement as well.

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We'll invite people to participate in the show

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and thank you for giving us your time and attention.

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Have an excellent time building out your vision

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and becoming a Vision Pro yourself.