Tell me about your vision.
So the vision is that second 50 movement,
as you just read, is going to really,
I think just give people permission
to live better, longer lives
and not drift through the second 50 years.
Because I think that mindset shift includes
an old parameter around who we are
when we hit 60 or 70 or even 80.
And I feel in today's world,
there can be such a tremendous benefit
from using the wisdom and the wealth of this group
to do more with their lives and do more in the world.
But I don't, I'm not a Pollyanna,
I don't think that people automatically feel like they can.
And again, I know that for the wealthiest people
that we've met and worked with,
people still wanna know that they're not gonna run
out of money, that they can define
how they're gonna have a lifetime income stream.
So it starts there.
For those who are 60, 70 and 80 today,
I can see the massive urgency
behind your message and your vision.
That's daunting in my opinion, it's a little daunting.
It can feel a little overwhelming.
How do you manage that?
Yeah, so it's basically because we named our firm
second 50 because we think people may have longer
than the second 50 to live, right?
Absolutely.
So then the next question is, well,
how do I plan for this uncertainty
in this unknown time horizon?
And it's really the wrong question.
So what we need to do is manage the risk
around an unknown time horizon.
And there are ways to do that.
So that's what we work on and focus on.
That is unique, I appreciate it a lot.
So next question then.
All right, which one I wanna go with?
Kathleen, where did your vision come from?
It really went, it goes back to the fact
that I had an unbelievably wonderful and successful dad.
And he practiced dentistry from the ground up,
opened his own little office and it's so incredible.
He just built a great practice and had a great cashflow
and took care of his family.
He never had debt, bought his office building,
seemed to do everything right.
But all he wanted to do was keep living like he did.
But all he wanted to do was keep living life to the fullest.
And when a health issue took him down
and it shouldn't have,
he was gonna be able to live longer
but he couldn't keep that practice.
And he wasn't set up correctly at all.
It was very shocking to me at the time
because I wasn't doing planning.
And he had all the advisors for 20, 30 years
but the right hand essentially didn't look
at what the left hand was doing.
And dad wasn't set up and I hated it
because he had made sure all of us had a wonderful life
and now he wasn't going to continue his in that way.
I went back to school at UCLA
and I started studying planning
and I looked at what may have gone wrong.
We figured a lot of things out.
So when he decided because he couldn't live his freedom,
his financial freedom,
he'd go back and do something else with his life.
And he was about to want to launch a business with me.
I'm driving him to the airport to LAX.
He lives in Chicago.
And he said, what we're gonna do
is I'm gonna become a consultant in Palm Springs
to the biggest dental institutions
because they don't know how to do these certain procedures.
And here's how we're gonna finance it
and then I'm gonna buy a second house there
when I have the money.
He got on that plane
and he was flirting with the flight attendant
ordering Virgin Bloody Mary
and he passed away on the flight.
Wow. Yep.
But he, you know, I mean, none of us saw it coming.
It still stuns me to this day,
but he was, I look back and I just think,
oh, he was so full of life.
He was enjoying every minute and obstacles didn't stop him.
He was looking for the next thing.
And then I'm watching people now that I'm in this age group,
I'm watching people, I feel like drifting down
and I think it was his essence that inspired me to think
nobody has to do that.
And no matter what obstacles, we can come up with something.
We can make life better.
That's amazing, profound, deep.
How do leaders lean into funding their vision?
What does that mean to you?
I think leaders, when they have a vision
and sometimes it isn't, it's aligned,
but isn't really a part of the business
that they're currently doing.
They feel like they can't take their eye off the ball
of something that has,
and it's often the thing that's generating revenue.
And it looks very practical and logical,
that part of the business.
And when they're thinking about their vision,
because I know this happened to me,
it's about, does it really make sense?
Because it's something I'm passionate about
is it's something that could be really viable.
Will people accept it and want it?
How do I find those people?
So I think a lot of leaders are thinking strongly
about a vision oftentimes a little bit later in life,
or at least when they're already entrenched
in something else.
So it is hard to explore diverting your own wisdom,
wealth and efforts towards a vision.
Because a vision is usually has so much more heart in it,
perhaps than what you first started doing.
And then how do they lean into funding?
I mean, I honestly believe you have to go deep inside.
I did.
I gotta say first, I love your first answer.
Like I love that with a passion,
like that was so profoundly,
there's so much wisdom passed through me
and there's so much wisdom packed into what you just shared.
So go ahead, keep going.
I know that's coming for question number two.
Thank you so much for saying that.
It's what I really believe.
I've seen it many times.
So yes, yes.
Yeah.
I mean, you inspired me.
I'll tell you what you inspired me too of.
Like just here, the initial start of the answer
got me thinking quickly.
You were so thoughtful about it.
It was like, too, we often have visions
we're not supposed to follow, right?
Like literal vision, right?
I can see a field over there with cows and I love seeing it
but I don't need to go into that field of cows.
I have no business being there, right?
That's a vision, but it's not necessarily my vision.
So you just got my brain and a heart
thinking about a couple of different dynamics.
But I do wanna know as well,
how do they use funding, the vision that matters,
the one that's really pulling on them.
They know that they should or maybe they're called to it
but like, ha, fear of the unknown,
how do I get past that?
Yeah, that's a great question.
I believe that leaders will lean in
if they have a circle around them, a community,
a small group that are sharing the idea of a bigger life
and a bigger vision.
It's very hard if you are just with your,
I'm not discounting same old friends and family members
that have been with you.
I'm just saying that sometimes you need to be in a room
with people who think bigger and think differently.
For me, it was a couple of communities that I joined
that were just all about, first of all, get clarity
on what it is you're going after
and there's a lot of ways to do that
and I'm not, it's too long to go into
but one of them really is meditation.
Getting clear means being quiet, listening to yourself.
But the other thing is with people in the room
that are also thinking about new visions
and what they might do, that is very empowering
because I've been in rooms in the communities I'm in
with such successful people
and they have the same doubts about going
for certain things and then what we do is we work together
and how do you probably solve this?
What might be the first ways?
Because there are a lot of great strategic problem solvers
in certain communities.
Thank you for being here today.
I'm really happy that you tuned in to Vision Pros Live.
I'm looking forward to seeing your reactions
as these episodes continue to move forward.
This is gonna get more and more fun.
We'll have more and more engagement as well.
We'll invite people to participate in the show
and thank you for giving us your time and attention.
Have an excellent time building out your vision
and becoming a Vision Pro yourself.