Founder's Story · 2026-08-28 · 28 min
Christopher Mackin's career pivot challenges conventional definitions of success. For two decades, he helped wealthy individuals accumulate more wealth, but a transformative Vipassana retreat in India - described as the hardest thing he'd done mentally, physically, emotionally, and spiritually - shifted his perspective entirely. He now argues that wealth is a misnomer if it's measured only in financial terms; true wealth encompasses joy, abundance, purposeful work, life balance, and community contribution. Mackin unpacks how childhood experiences wire our relationship with money - sharing his own story of witnessing parental conflict around finances, which led him to sacrifice childhood activities to help his family. He challenges the scarcity mindset by asserting money is not a limited resource but continuously expanding, and that successful entrepreneurs succeed by detaching from money as the primary focus and instead building from authentic purpose. The episode explores how meditation and silence can dissolve fear (especially fear of inadequacy or death), and argues that business leaders today increasingly seek alignment between company values and personal beliefs, marking a generational shift away from purely transactional work relationships.
Mackin felt a call to create greater impact and believed staying in wealth management was limiting his ability to expand and fulfill his life's purpose; a 10-day silent meditation retreat (Vipassana) in India crystallized this, revealing a clear message to write his book and create meaningful work.
True wealth (WELLTH) is a full-spectrum life experience including joy, abundance, purposeful work, balance between doing and being, and community contribution - not just what's in your bank account.
He witnessed his parents fighting about money and unconsciously created a story that they lacked resources; this led him to abandon childhood activities and work as a child, believing he needed to help support them.
By sitting in silence and observing thoughts and physical sensations without attachment, people can recognize that fears (like poverty or death) are mental constructs; letting go of attachment to the fear allows it to dissolve.
No, according to Mackin; money is continuously created and expanding, and most people's scarcity mindset stems from imbalance between what they have access to and what they believe they need.
Computed from the transcript - who did the talking, and the words that came up most.
Daniel opens the episode by asking Christopher the most important question of the conversation: how do you define wealth? Christopher answers by reframing wealth through the lens of abundance, infinite possibility, inner appreciation, doing what brings joy, balancing action with stillness, and giving back to community. For him, wealth is not just what sits in a bank account. It is the full experience of a life lived with purpose, awareness, and connection. Christopher then explains why he walked away after two decades in the traditional financial system. He says he felt called to something greater, and that staying in the old version of his career was beginning to keep him small. The turning point came through silence, meditation, and spiritual work, including a 10 day Vipassana retreat in India where he received the message to write his book. From there, the conversation moves into money as a mirror, childhood programming, fulfillment, conscious business, and the coming transfer of generational wealth.
Transcribed and scored by The B2B Podcast Index.
Speaker A: What do you think is the biggest misconception about money?
Speaker B: That it's a limited resource. It's not just measure of what's in our bank account. It's this measure of full spectrum of life.
Speaker A: This is Christopher Macken. He spent 20 years as a wealth advisor to visionary leaders, making the rich even richer. What he says about money will flip everything you were taught.
Speaker B: Staying in the business that I was in was keeping me small and limiting my ability to really expand and create the impact that I was meant to create while I'm on this planet. We're killing ourselves in a variety of different ways through.
Speaker C: So, Christopher, probably the most important question
Speaker A: that I need an answer to is how do you define wealth?
Speaker B: First and foremost. Thank you for having me. Um, to me, wealth is when looked at a lens, you know, through, you know, abundance. Right. And uh, infinite possibility. Um, it is this opportunity that we have to look within and appreciate, you know, the things that we have, um, do the things that we enjoy. Balance between the doing and the being and you know, giving back, uh, to community. Uh, those are the three aspects of, um, life that I believe, you know, would lead a wealthy life.
Speaker A: So you spent 20 years making wealthy people wealthier, but then you walked away from all of it. Why?
Speaker B: I can't tell you why I walked away from it at the moment. I, um. Outside of feeling a call to something greater, I, you know, after, after two decades and feeling that, um, I have accomplished a lot in my career, um, there were some, there was some evidence of like, resistance and things that weren't necessarily working in the way that I envisioned them to. And I've had this feeling inside that I'm really, uh, meant to create in big ways in my life. And I, um, felt that to a certain extent, you know, staying in the business that I was in was keeping me small, um, and limiting my ability to really expand and create the impact that I was meant to create while I'm on this planet.
Speaker A: What do you think is the biggest misconception about money?
Speaker B: That uh, it's a limited resource. Yeah, I think, um, most people in that I interact with, um, they. It seems that there's this imbalance between what they have access to and what they believe they need. Um, so for me, you know, what I help people understand is that money is being created every single day. Right. There is this, um, the way that our systems were created. There's um, an increasing supply day. And we're all meant to have access to, you know, our highest timeline of what, what, what percentage of the wealth that exists out there is. So um, yeah, it's not a limited resource. It's continually expanding and uh, that's the, I would say the most common misconception.
Speaker A: Why do you think that many people get wealthy?
Speaker B: They get it.
Speaker A: But then there's also many more people that don't build wealth, that don't make much money and don't get it.
Speaker B: Mhm. Yeah, I would say to me there's um, you know, I could ask the same question around why, uh, certain, you know, musicians achieve the levels of success that they do and others don't, um, the same thing, regardless of whatever profession it is. There's um, there's subtle differences between you know, people that reach uber levels of success, um, and those that don't. Um, there was a book that uh, Malcolm Gladwell wrote about this. Um, I can't. The Outliers, I believe. And it's no different. Um, to me there's you know, there's people that think about money all the time, um, and, and create from that place of like wanting to you know, build more. Um, with money being the focus and you know, business wise, I think the people that are willing to you know, let go of like some attachment of like what money is and like really create from a place of like I just, I want to build this thing right. I don't care if, if it's going to, you know, bankrupt me or, or, or um, I'm going to run out of it at some point in time. Um, but I'm just going to create from a place of like knowing I need to be doing this and I will get the resources that I need in order for me to build this thing, um, regardless of my circumstances. So you know, I hope that answers your question and you know, feel that uh, the, the less attachment that we have to things, um, the more things comes into our field in terms of, you know, reciprocity of um, opportunity, if that makes sense.
Speaker A: I'm betting that most people sadly would probably choose more wealth, more money, less fulfillment than more fulfillment, less money, less wealth. What do you think? And maybe it's because the uh, misconceptions, right, like around what they think happiness is.
Speaker B: You know, when we, when we poll the population, I would say in general, you know, over 50% of you know, uh, don't have three months of living expenses. And that creates a feeling, uh, for most people of lack of safety. And you know, if we look at the length like what you know, most people in the world are looking for, there are certain levels of comfort that you're looking for. Especially uh, women, um, women look for more comfort than men do, um, in terms of safety and when it, when uh, we look at, you know, okay, would someone rather have money or, or fulfillment? It depends who you're asking, right? Because I've asked a lot of people who have a significant amount of money who aren't fulfilled and they say they'd rather, you know, be fulfilled than have all the money. Right. And then you ask people that don't have a significant amount of resources, like would you rather have, you know, be doing what you're doing, what you're really passionate about or would you rather have, you know, be, be fulfilled and uh, I'm sorry, have the, have the resources, infinite resources need to, or connected to their truth in their heart. Um, if they had to be like if they had to make a decision, I, I think they would make the one that leads to fulfillment honestly. But they, there. But they are what their actions are. What their actions are in, you know, in, in the real world might dictate something differently.
Speaker C: Right.
Speaker A: So you say people build the exact life they were supposed to want and then quality suspect that they got the scoreboard wrong. When did you suspect that you got the scoreboard wrong?
Speaker B: I don't think I got the scoreboard wrong. So um, yeah, I think that we evolve um, as people. I know that we evolve as people over time and I don't regret any of the decisions that I've made or you know, back and say, oh, I shouldn't have done that or I shouldn't have been in this business or I shouldn't have focused on this or spent my time doing this. Like I fully own all the decisions that I made and don't have any regrets on, on the things that I've done. I fully believe that, you know, I'm in exactly where I'm meant to be. Mhm.
Speaker A: I love that. Take me back to the retreat that you had in India. What awakened inside you?
Speaker B: Yeah, I did a Vipassana, uh, which is the 10 day silent meditation retreat in India about three and a half years ago and found your story started
Speaker C: with a $50 microphone.
Speaker A: And I'll be the first to tell
Speaker C: you, none of it happened solo.
Speaker A: Upwork has been my go to for years for hiring, marketing, editing, branding, all of it.
Speaker C: The editor who cut this episode up, upwork, the whole team behind our founder
Speaker A: story, branding also Upwork. The talent is genuinely top tier and paying them couldn't be simpler.
Speaker C: Upwork is a one stop platform to find, hire and pay Expert freelancers across development, data, marketing, operations and more. With Business plus, you get access to the top 1% of talent. And thanks to AI powered shortlisting, you'll be matched with the right freelancer in under six hours. No endless searching. It's free to sign up and posting a job is easy. Visit Upwork.com right now and post your job for free. That's Upwork uh.com to connect with top talent ready to help your business grow. That's upwor.com upwork.com I'm um, all about
Speaker A: longevity in business and in life.
Speaker C: That's why I take Coco Via a daily plant based supplement powered by Cocoa Flex Flavanols, bioactive compounds found in the cocoa bean. Clinically proven to support heart and brain health. Only Coco Via uses Coco Pro, the most concentrated and consistent cocoa flavanol extract on the market. Here's the science. Cocoa Flavanols increase your body's natural production of nitric oxide, a super molecule that
Speaker A: signals your arteries to relax and widen.
Speaker C: This optimizes healthy blood flow, delivering vital oxygen and nutrients throughout your body. In fact, this physical support starts working within 30 minutes, improves circulation in two hours and promotes long term cardiovascular health. When taken daily, Cocoa Flavanols can improve blood flow and vascular functions and help retain healthy blood pressure and cholesterol levels. The 500 milligram capsules are clinically proven to help preserve cognitive function and, and protect memory as you age. And if you're looking for an extra brain boosting edge, Cocovia also offers their 750 milligram Ultra line which is clinically proven to improve three distinct types of memory. Word recall, spatial memory and long term memory. I take 500 milligram capsules every morning with breakfast. Go to cocovia.com that's C O C O-A-V-I-A.com and and use my promo code founders at checkout for an extra 20% off or check out your local sprouts.
Speaker B: I don't know if you've ever taken um, full days of silence before for yourself.
Speaker A: I need to.
Speaker B: But yeah, but um, it was very uh, interesting process. It was, it was the hardest thing I've ever done mentally, physically, emotionally and spiritually. And you know, just after the, the pain that I was experiencing in my hips, you know from you know, sitting down for 10 hours a day cross legged in my back, um, and the, yeah, the mental struggles I was having around trying to sit still, uh, during the meditation. Yeah, I had a little bit of a uh, you Know, breakdown of sorts of. And through that process, um, I think, you know, through that process of breaking down and really surrendering, I believe that it, it opens and creates um, uh, channel, you know, for us to be able to receive. And um, that's what I did. I received very clear, uh, my book, um, that I just published ah a few weeks ago. And um, the message was write this book and what you're meant to create will come. So you know, I'm here creating and exploring and, and curious what's next.
Speaker A: I've done a retreat in where M was I, I was in Central America, but I've never done a retreat in India. I imagine it would be awakening. My wife tells me all the time that I need to be silent. So I probably need to do a silent retrieve.
Speaker C: I don't know if I could survive
Speaker A: because we're just so used to talking and communicating all the time. Do you now ever go back to sitting in silence? And when, if you do sit in silence, do you find that ideas and things and solutions come to you?
Speaker B: Yes, in silence. Every morning, uh, I meditate for about an hour a day, maybe a little bit more, maybe a little bit less, depending. I just sat in another vipassana actually uh, right before I published my book and uh, I sat in Thailand uh, for another 10 day Vipassana. And yeah, I think, you know, sitting in silence, um, as uh, an observer, you know, allows us to explore and identify, you know, where there's patterns, behaviors, um, that are not serving us. You know, it allows us to move energy um, through you know, a variety of different ways. Um, it allows us to feel, you know, certain parts of our body. Like I do a body scan, um every morning during my meditation, allows me to go through the different areas of my body and feel um, everything that's that part of my body is experiencing. So it, you know, creates a deeper connection with self, um, greater levels of awareness and moving energy.
Speaker C: I'm sometimes trapped in my thoughts and
Speaker A: I don't know if I want to be trapped in my thoughts. I want to distract myself, I guess I should say. What have you experienced that you think might help me in terms of not being afraid of whatever. Like you're saying the feelings that come, the feelings of your body, the thoughts in your mind and being okay with that and just moving forward.
Speaker B: Well, first and foremost I would ask you, um, what are you fearful of, you know, if you sit in silence, uh, what happens?
Speaker A: It's so many things in the moment. Whatever's in the moment that's going to stress me out, I guess.
Speaker B: Okay, so what happens when you get stressed out?
Speaker A: It's a rabbit hole. Uh, I, like, go down this rabbit hole, Christopher, of like, what could be, what should be.
Speaker B: So what happens when you go down the rabbit hole?
Speaker A: I just think about more things and then more things.
Speaker B: And what happens when you think about more things and more things?
Speaker A: Eventually, nothing happens because I eventually stop thinking about all the things and realize that it's all irrational, probably.
Speaker B: So during the, um, you know, say, the 10 days that I'm in silence, you know, you start experiencing pain and these thoughts and all these things. And when you start to actually let go of the. The attachment that you have to the pain and just be like, ugh, like, you know, the pain starts to dissolve. When you start to let go of the, you know, judging yourself for the thoughts that are coming up, the thoughts start to go away. Um, and ultimately what happens, you know, kind of towards the end of the time is that you, you. Your mind's quiet, there's less pain. The, um, pain doesn't necessarily completely go away, at least for me, um, in my experience so far. But, uh, yeah, the, the, uh, um, you know, when we have these fears that come up, um, whether it's like, fear of not having enough money. Right. For example, um, you know, you can ask yourself, like, what happens if I don't have enough money? Okay, well, this happens. Maybe I need to, you know, uh, live on the street or go live with my parents or don't, you know, whatever it is that, you know, that happens. And then you go, okay, well, what happens if you live on a street? All right, blah, blah, blah. Ultimately, if you continue to go down that path, um, you know, most often people are just afraid of death. Right. And, um, but, you know, when you realize that at the end of the day, we're all going to die anyway, uh, at some point, um, your time will come when, uh, the time is meant to be. Um, you just accept that, like, okay, like, here I am. It is what it is. Like this. We're all, you know, in the game of life, um, really just here to connect. Live, uh, in our truth, live in our hearts, and, uh, play.
Speaker A: Thank you for that.
Speaker C: You're right. I feel better now.
Speaker A: You said that money is a mirror to our fears and our childhood, which I can. I can relate to that statement. I have a very interesting relationship with money, and I could definitely trace it back to my childhood. How do you see us getting wired as a child and how that creates our relationship with money?
Speaker B: Well, it doesn't just uh, like our experiences as a child.
Speaker C: Founder Story started with a $50 microphone
Speaker A: and I'll be the first to tell
Speaker C: you none of it happened solo.
Speaker A: Upwork has been my go to for years for hiring, marketing, editing, branding, all of it.
Speaker C: The editor who cut this episode Upwork the whole team behind our Founder story
Speaker A: branding also Upwork the talent is genuinely top tier and paying them couldn't be simpler.
Speaker C: Upwork is a one stop platform to find, hire and pay and expert freelancers across development, data, marketing, operations and more. With Business plus, you get access to the top 1% of talent and thanks to AI powered shortlisting, you'll be matched with the right freelancer in under six hours. No endless searching. It's free to sign up and posting a job is easy. Visit Upwork.com right now and post your job for free. That's Upwork.com to connect with top talent ready to help your business grow. That's up. W o r k.com Upwork.com I'm, um,
Speaker A: all about longevity in business and in life.
Speaker C: That's why I take Cocoa Via, a daily plant based supplement powered by Cocoa Flavanols, bioactive compounds found in a cocoa bean. Clinically proven to support heart and brain health only, Cocoa Via uses Coco Pro, the most concentrated and and consistent cocoa flavanol extract on the market. Here's the science. Cocoa Flavanols increase your body's natural production of nitric oxide, a super molecule that
Speaker A: signals your arteries to relax and widen.
Speaker C: This optimizes healthy blood flow, delivering vital oxygen and nutrients throughout your body. In fact, this physical support starts working within 30 minutes, improves circulation in two hours and and promotes long term cardiovascular health. When taken daily, Cocoa Flavanols can improve blood flow and vascular functions and help retain healthy blood pressure and cholesterol levels. The 500 milligram capsules are clinically proven to help preserve cognitive function and protect memory as you age. And if you're looking for an extra brain boosting edge, Cocovia also offers their 750mg Ultra line which is clinically proven to improve three distinct types of memory, word recall, spatial memory and long term memory. I take 500 milligram capsules every morning with breakfast. Go to cocovia.com that's c o c o a v I a dot com and use my promo code founders at checkout for an extra 20% off. Or check out your local sprouts Dictate
Speaker B: our relationship with money. It dictates a lot of our ways. Uh of being, our existence, how we show up in the world in all aspects. Right. Um, when we're young, uh, particularly in the first several years of life, we're just sponges. We're absorbing everything. Energy, uh, sounds, colors, um, experiences. And we're creating these, uh. We're taking all this information that we're receiving and. And we're trying to dictate that into what it means to us. Right. So, um, I don't know if you feel called to share around your experience growing up or if you'd like me to share mine.
Speaker C: Share yours? Yes. Okay.
Speaker B: So m. I was younger. I had, um, an experience, you know, where my parents, uh, were, you know, fighting about money. And then I started to. From there, I created my own story around, like, what situation they were in. Right. Um, you know, I started to identify, like, oh, yeah, we didn't go on family trips a lot, or, you know, oh, yeah, the car that we're driving, you know, it looks more beat up than everyone else's car that they're driving. And, you know, I started to kind of look at certain things in ways that, I mean. Okay, yeah, that makes sense. While they're arguing, okay, you don't have enough. Whereas with what's behind the house and, you know, on a cul de sac and super quiet and just like, you know, I didn't look at that aspect. I started to just focus on was wrong or off or, you know. Um. And, you know, ultimately for me, I. I created this whole story about that my parents, you know, needed, uh. Uh, they needed help and I needed to step up and, uh, take care of them, you know, at. At a very young age. And, you know, what I started to do was let go of the things that brought me joy, you know, the sports and the activities and started to work. Um, so, you know, there's. There's many things that I. That, um. You know, we. We learn as. As children and carry, uh, with us through life. Right. And, uh, you know, I've. I. I've heard some reflections from people in their, you know, mid-60s, 70s, 50s, 40s, every. Every aspect of, um, you know, of their life. You know, those that have been extremely successful even, um, that, you know, they recognize.
Speaker A: Wow.
Speaker B: Okay. I didn't even think to accept this experience that I had when I was a kid. But now that I am, I'm seeing it and more aware of it. So it allows people to just to show up and have the choice to show up differently.
Speaker A: Right.
Speaker B: When you recognize a pattern, um, that you have and you show up to that pattern with awareness, you now have a choice, a conscious choice to say, I'm going to continue operating by that by way of that pattern, or I'm going to, uh. No, that. That actually doesn't serve me. I love you. I appreciate you. I know. You know, a little kid that's inside. Okay, great. You know, this is the way I see it now.
Speaker A: What is the difference between wealth and what you call wealth, which I guess is spelled W, E, L, L, T, H. Yeah.
Speaker B: So, I mean, I shared the definition earlier around, you know, the, uh, experience of life, you know, that I believe wealth is, you know, when I say true wealth. Right? Um, it's this experience of life where we're, um, joyful. Um, you know, we're. We're abundant, we're expansive. We are, you know, doing what our hearts feel we're meant to be doing. We're, um, balancing the doing and the being and we're giving back to community. Right? Like that to me is true wealth. Right? Um, this experience where, um, it's not just measure of what's in our bank account, right. It's, uh, this measure of. Of really, um, a full spectrum of. Of life.
Speaker A: Sometimes I'm not always, um. I'm not always positive that we as humans are truly going in the right direction. Sometimes I question it. I'm unsure. Right. Because I see things that happen now that happened thousands of years ago, and I wonder if we ever will learn our lessons. But you believe that people can go into business to truly help humanity, the world, versus only looking to make a profit.
Speaker B: We're already there. There's people doing it. Um, yeah, there's people doing it. I mean, you know, what percentage of the population is creating in that way? Um, it's growing. There's a lot of things, um. You know, when I look at society, there's a lot of things that I think we're, uh, you know, doing a disservice to one another. Um, we're killing ourselves in a variety of different ways, um, through, you know, consuming, uh, you know, some of the food that we consume and, uh, you know, using, you know, pesticides and, you know, all these chemicals, uh, that, you know, cause poor health. Right? Health is wealth, uh, at the end of the day. So if you. If you're putting. The things that you're putting in your body are, um, taking away from your ability to really, truly live on the life that you want to live, um, I think we're doing a disservice to ourselves, um, that, you know, that, that Level of competition where we, where people are, you know, disconnected from the interconnectedness of everyone. Um, that in my belief is, is, in that um, is, is a problem. And ultimately that, you know, I think again that we're working through that and the, the trajectory I see is one in which people start to change, you know, their belief systems and their pat, you know, that they were brought up
Speaker C: on glass half full.
Speaker A: I need to be more half full. People used to work at a job, they just worked at the job. They didn't really care what the company did, uh, or what the company did outside. They just worked at a job and then they retired. Nowadays people are saying, I want to work at a job or a company that has aligned values or they could be making a lot of money like a tech company and they realize the values are not the same, so they leave. Or maybe they start a business like you're saying, around something that's related to the values, not just around the profits. Are you, are you seeing this shift?
Speaker B: I definitely see some differences between like the generations. You know, I think that uh, sometimes people can, can make that shift when they're in a retirement. Others like, are just stuck in their ways. They're like, they can't adjust to like not having a thing to do or spending the money that they worked hard to create because they're, they're then nervous that the money's going to run out or whatever. Um, so, uh, for you know, people that are now, you know, working, you know, the, the third generation of the Great Depression parents, this call, this feeling that there's like something greater, something that's missing. Right? And I think that when you experience life, um, coming from a place of, you know, what lights me up the most, you can't like, look back and say I ever like, you know, I should have done this or I should have done this. Um, you're just, you know, living in your truth. Right. Um, so I think there's more and more people that are starting to recognize that and realize that, you know, the money doesn't buy the happiness.
Speaker A: Final question. There's about $80 trillion of wealth that is about to be transferred from basically our parents. It was like 38 trillion in real estate and then you know, like another 40 trillion in, in IRA, 401ks savings, stocks, et cetera. That is about to get transferred now to mostly millennial age people like you and I and Gen Z. And it got me thinking though, about how this is going to change a lot of things because I don't know if if these people gain this wealth and that wealth can make its own money, they don't really have to work anymore.
Speaker C: Founder Story started with a $50 microphone
Speaker A: and I'll be the first to tell
Speaker C: you none of it happened solo.
Speaker A: Upwork has been my go to for years for hiring, marketing, editing, branding, all of it.
Speaker C: The editor who cut this episode Upwork the whole team behind our Founder Story
Speaker A: Branding also Upwork the talent is genuinely top tier and paying them couldn't be simpler.
Speaker C: Upwork is a one stop platform to find, hire and pay expert freelancers across
Speaker A: development, data, marketing, operations and more.
Speaker C: With Business plus, you get access to the top 1% of talent and thanks to AI powered shortlisting, you'll be matched
Speaker A: with the right freelancer in under six six hours.
Speaker C: No endless searching. It's free to sign up and posting a job is easy. Visit Upwork.com right now and post your job for free. That's Upwork.com to connect with top talent ready to help your business grow. That's upwor.
Speaker A: Com upwork.com I'm um, all about longevity in business and in life.
Speaker C: That's why I take Coco via a daily plant based supplement powered by Cocoa Flavanols, bioactive compounds found in the cocoa bean. Clinically proven to support heart and brain health only Cocovia uses Cocoa Pro, the most concentrated and consistent cocoa flavanol extract on the market. Here's the science. Cocoa Flavanols increase your body's natural production of nitric oxide, a super molecule that
Speaker A: signals your arteries to relax and widen.
Speaker C: This optimizes healthy blood flow, delivering vital oxygen and nutrients throughout your body. In fact, this physical support starts working within 30 minutes, improves circulation in two hours, and promotes long term cardiovascular health. When taken daily, Cocoa Flavanols can improve blood flow and vascular functions, and help retain healthy blood pressure and cholesterol levels. The 500 milligram capsules of are clinically proven to help preserve cognitive function and protect memory as you age. And if you're looking for an extra brain boosting edge, Cocovia also offers their 750 milligram ultra line which is clinically proven to improve three distinct types of memory, word recall, spatial memory and long term memory. I take 500 milligram capsules every morning with breakfast. Go to cocovia.com that's c o c o a v I a dot com and use my promo code founders at uh, checkout for an extra 20% off or check out your local sprouts.
Speaker A: I don't know if they even will Work. Maybe they just retire at 30 and they just travel around the world and then, I don't know, volunteer or maybe they work in something. But this is going to change the whole amount of people who are even working in jobs. And then what do they do with that wealth?
Speaker B: Uh, 20 years in finance, managing money for people. Um, the family values are carried through multiple generations. When there's no conversation and the children inherit this money and there's a trustee that is kind of dictating things and doing all of that.
Speaker C: The uh,
Speaker B: it can create complacency, um, it can create confusion. Um, and then there's situations like Tom Petty for example, he passed away and didn't even have a will. So there was massive amounts of confusion and fighting and uh, yeah, it was a complete disaster. Um, and there's several celebrities, um, you know, that have been, I think Michael Jackson was one of them. Uh, they just did a lack of planning, uh, or maybe no planning at all. They didn't care about it. And you know, the generation, the people that were inheriting the wealth, um, you know, wound up getting in major conflicts because of that. So one avenue where there's really good communication, um, structure two, where there's communication, an estate plan, um, and things are um, you know, distributed in a, in a, in a very structured, uh, manner. And then the third is where there's absolutely nothing done, no planning done and it's a complete disaster. Uh, what that does for the next generation, I think instead of just like allocating money into the S&P 500 and you know, putting you know, money into companies, uh, that they don't really have any affiliation or interest in, um, maybe they carve out a portion of that money that they have invested in the public markets and put it into companies that really they support, that they're connected to, that they um, really believe in, um, that are doing good things in the world. So I think that what I've seen at least is that you know, people that have a significant amount of wealth that have accumulated it, they have low cost basis. So they're like hesitant to like make a M move because then they got to pay taxes and then there's going to be less money and blah, blah, blah, like whatever. Whereas when the money transfers from one generation to another, you know, the inheritors can do really whatever they want, uh, with much less uh, tax, uh, implications. The ease of making those decisions are much greater um, than they are for the people who are like, don't want to pay taxes and you know, kind of go through that whole loop in their mind around, like, why they can't be doing things. Um, so I love that, you know, I think that reallocation of capital into, um, things that are not necessarily your typical public market securities are very likely, um, especially because access to those types of investments are getting greater and greater with all the technology, uh, that is, uh, that we have and is developing.
Speaker A: Super exciting. I'm excited when you. You know what? You make me very optimistic just about life in general.
Speaker C: So I appreciate that.
Speaker A: You have a very soothing voice. You could do a meditation app and I would listen to it, by the way. But, Christopher Macken, I think everyone needs
Speaker C: your book True Wealth.
Speaker A: Like, we really need your book.
Speaker C: Uh, it's no better time than right
Speaker A: now to get the book True Wealth. But thank you so much for joining us.
Speaker B: Thank you for creating this container, for leading this beautiful discussions, and for creating the impact that you do in life. Man, just keep showing up and, um, being, uh, honest and transparent and, um, creating in the way that you do. You're obviously, uh, have a lot of magnetism and excitement about what you're doing. So, um, appreciate you very much.
Speaker C: Thank you.
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