John Seib is the co-founder and Chief Revenue Officer of Electus Global Education. After 20 years in the financial services world watching firsthand the effects of financial illiteracy on our society, he started researching to find a solution. The results of his research revealed a few basics about what a solution would have to look like.
In this episode Steve and John Seib discuss:
- How to solve financial illiteracy
- The limits of teaching
- Waking up without an alarm
- Formation rather than modification
Key Takeaways:
- The best solution to address people’s financial illiteracy is to start young. Educating people while they are still young is what’s going to break unhealthy generational habits.
- Though it’s almost impossible to teach work ethic to a person who’s hard-wired to be lazy, that doesn’t actually mean that a lazy person will not be successful. They will always find a way to do things in the easiest and fastest way and there’s a market for that.
- Success means different things to each person. It could even be being able to get up in the morning to go to work without needing an alarm because of the fulfillment you feel from what you do.
- It’s difficult to modify behavior that has already been cemented through the years. Therefore a child must learn how to earn, save, spend, give, and invest while in their most formative years.
“Teach a child to earn, teach a child to save, teach a child to spend, teach a child to give, and teach a child to invest” - John Seib
Connect with John Seib:
Website: https://lifehubjobs.com/
Connect with Steve and Jason:
LinkedIn: Jason or Steve
Website: Rewire, Inc.: Transformed Thinking
Email: grow@rewireinc.com
Show notes by Podcastologist: Justine Talla
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
