back to index2023-02-02_Invest_in_Children_Early-1

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before the live class of my newest course called Hackproof. 00:01:10.120 | 
The live class that you will definitely want to be a part of 00:01:19.740 | 
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Remember, you must always protect yourself and your wealth, 00:01:37.660 | 
and one of the significant and under-discussed threats 00:01:50.300 | 
a show dedicated to providing you with the knowledge, 00:02:05.000 | 
for how to think about investing into your children 00:02:13.900 | 
One of the ideas that I have defended vigorously 00:02:16.940 | 
throughout the history of Radical Personal Finance 00:02:19.160 | 
is the idea that most investments into your children 00:02:30.020 | 
The best example I would use to introduce this subject 00:02:40.020 | 
as compared to working hard at your child's academic ability 00:02:43.980 | 
at a very early age, perhaps at the age of four, 00:02:49.260 | 
And I've defended the idea that in virtually all cases, 00:02:52.900 | 
if you have to choose between investing money 00:02:55.860 | 
at an early age versus investing money for use 00:03:02.900 | 
on your investment when you invest it at an early age. 00:03:06.500 | 
Now, thankfully, most of us don't have to choose. 00:03:08.980 | 
Most of us have enough money to invest in our children 00:03:17.300 | 
I want you to choose to do it at a young age. 00:03:25.620 | 
I've never sat down and gone through a philosophy 00:03:29.380 | 
or a framework to help you think about how to apply this 00:03:33.620 | 
at every age, especially at the earliest of ages. 00:03:37.580 | 
And yet, I believe that that's where sometimes your money 00:03:41.820 | 
is most effectively spent and most effectively invested. 00:03:48.500 | 
I want to share with you a philosophy, a framework, 00:03:56.220 | 
And then in what I think will be the next episode, 00:03:59.900 | 
I want to walk you through on a daily basis how I do it. 00:04:02.540 | 
And I'll share with you in excruciating detail 00:04:12.580 | 
Now, clearly this is inspired by recent events 00:04:19.640 | 
as my wife and I have recently welcomed our fifth child 00:04:33.140 | 
I've had a chance to see some of my ideas come to fruition, 00:04:40.020 | 
and I've had a chance to lay aside some of those ideas 00:04:44.580 | 
And in the history of Radical Personal Finance, 00:04:46.940 | 
I also thought this would be interesting to you 00:04:48.600 | 
because all of the history is here recorded in the show. 00:04:53.060 | 
When I recorded my first episode of the podcast 00:04:55.180 | 
in July of 2013, my wife and I were expecting 00:05:06.420 | 
And so at this point in time, for your context, 00:05:10.720 | 
our oldest child is nine, we have a nine-year-old, 00:05:13.060 | 
a seven-year-old, a five-year-old, a three-year-old, 00:05:22.060 | 
but I have learned quite a little bit along the way, 00:05:24.840 | 
and I wanna share some of those ideas with you. 00:05:31.880 | 
'cause it will help me to feel more confident 00:05:35.080 | 
I myself am going to try to speak very clearly 00:05:38.080 | 
and about what I know and what I believe to be true 00:05:44.400 | 
as forthrightly as possible my own experience. 00:05:48.560 | 
I warn you, I'm rather intense about this subject. 00:05:57.280 | 
is, represents some of my highest personal goals. 00:06:02.280 | 
I am fully persuaded that one of the most important functions 00:06:07.840 | 
and roles in a man's life relates to his function 00:06:13.660 | 
in the world, is his role in life as a father. 00:06:16.640 | 
And this is, as I can see, a tremendous source 00:06:24.080 | 
It is a tremendous source of impact on society, 00:06:30.840 | 
and indeed is the basic building block of a society, 00:06:38.200 | 
And so I'm very passionate about this subject, 00:06:43.440 | 
both in thinking about it and in practicing it. 00:06:51.340 | 
but I care a lot about this, and I'm pretty hardcore 00:06:54.580 | 
about my application in some of these things. 00:07:02.480 | 
and I'll try to share as forthrightly as possible 00:07:09.560 | 
Just know that it's not coming from any desire 00:07:16.080 | 
but it's coming from a desire to encourage you 00:07:19.840 | 
And I, of course, value any ideas that you have 00:07:22.480 | 
or any impact that you might make in my blind spots. 00:07:29.340 | 
through a framework for ways that you can invest 00:07:40.280 | 
then I think this information may still be useful for you 00:07:44.920 | 
And even if you don't have children, for whatever reason, 00:07:51.020 | 
And one of the most important things that we can do 00:08:06.280 | 
or whether you're caring for children in your community 00:08:11.580 | 
many of these ideas I think can be implemented 00:08:16.660 | 
So I invite even those of you who are not parents 00:08:22.600 | 
What you should understand is that when you become a parent, 00:08:40.960 | 
a fairly clear expectation of what the next 15 to 20 years 00:08:48.360 | 
And the goals related to your role as a parent 00:08:55.720 | 
And over the course of especially the first few weeks 00:08:58.360 | 
of a child's life, first few months of a child's life, 00:09:01.200 | 
you go through this natural transformation as a parent 00:09:07.440 | 
of your selfishness because you become more other-focused 00:09:17.920 | 
that parents will generally resonate with the idea 00:09:21.160 | 
that these are the highest and most important goals. 00:09:35.680 | 
on the importance of your saving for your retirement, 00:09:44.240 | 
But even though financial planners are very clear 00:09:52.040 | 
day in and day out, parents will ignore systematically 00:09:59.360 | 
in favor of investing into their children's future. 00:10:12.120 | 
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They start as beautiful, wonderful little babies. 00:11:10.540 | 
The first would be a discussion of basic genetic qualities. 00:11:15.540 | 
And the second topic would be character qualities 00:11:35.480 | 
The older I get, the more I have come to appreciate 00:12:11.780 | 
And here, when I'm using the term in this sense, 00:12:19.460 | 
But I think that there's a fundamental component 00:12:24.660 | 
makes a huge difference in the long-term outcome 00:12:31.180 | 
And so I think that the practical considerations 00:12:33.780 | 
are far higher than many of us have been led to believe 00:12:38.420 | 
by the fairy tales that we've been sold by culture around. 00:12:43.740 | 
about relationship formation in the modern age 00:12:51.060 | 
of what is a successful and healthy relationship, 00:12:58.780 | 
have been formed primarily by fiction writers 00:13:06.380 | 
And those fiction writers have, in many cases, 00:13:27.500 | 
is completely unmoored from reality in any reasonable way. 00:13:47.840 | 
of how a couple should celebrate a wedding ceremony. 00:13:52.160 | 
If you were to go and speak to a young 18-year-old man 00:14:05.000 | 
and you were to ask that young 18-year-old man or woman 00:14:23.080 | 
the way that you would describe your ideal wedding. 00:14:31.520 | 
like most ideal weddings that have been presented 00:14:39.400 | 
As a financial planner, I see this frequently 00:14:52.980 | 
Now, getting married doesn't actually cost money. 00:15:03.800 | 
They are already living together as though they are married, 00:15:13.280 | 
Let's pretend that you had no preconceived ideas 00:15:20.400 | 
And let's assume that you were giving counsel 00:15:26.420 | 
And that young man or young woman come to you 00:15:32.240 | 
"in a relationship together, and we desire to 00:15:44.500 | 
"And so what we're going to do is we're going to spend years 00:15:50.860 | 
"a huge, expensive party, like nothing we have ever done 00:15:58.280 | 
"And we're going to host a huge and expensive party 00:16:03.660 | 
"And we're going to spend $10,000, tens of thousands 00:16:07.420 | 
"of dollars, we're going to spend a huge amount of money. 00:16:18.660 | 
"will come together, they'll celebrate with us, 00:16:20.820 | 
"and then they'll leave having enjoyed a wonderful day, 00:16:33.880 | 
And yet, many young couples have had their entire idea, 00:16:38.880 | 
their entire ideal of what a wedding is formed 00:16:44.760 | 
such that if it doesn't fulfill what I've just described, 00:16:50.640 | 
then they'll consider it to be something of a failure. 00:16:57.200 | 
Well, movie script writers with a large production budget 00:17:01.960 | 
have formed that idea and have created that idea. 00:17:08.000 | 
Now, they did it based upon a shred of reality. 00:17:12.440 | 
There is a shred of reality, which is the glittering, 00:17:17.440 | 
wealthy, upper class have generally throughout history 00:17:30.120 | 
who can comfortably afford to do such a thing, 00:17:33.280 | 
and these are the people that should do such a thing. 00:17:37.520 | 
your average 25-year-old couple and what they should do. 00:17:51.920 | 
before they could afford to have their wedding. 00:17:58.720 | 
They saved for years to throw a big fancy party 00:18:01.920 | 
at a fancy venue and spend thousands of dollars 00:18:04.080 | 
so that she could have the wedding of her dreams. 00:18:06.840 | 
Now, thankfully, they're still married years later. 00:18:10.200 | 
But the point is, this entire model is broken, 00:18:12.800 | 
but it's a model that is based upon a false image. 00:18:23.000 | 
I simply was using the concept of a wedding ceremony 00:18:26.360 | 
and what is practical and how you're kind of forming 00:18:31.280 | 
your idea and your ideal as an obvious example 00:18:35.560 | 
that would then relate over to building your relationship 00:18:44.980 | 
to another person without any context of practical thinking. 00:18:49.820 | 
In the same way that many historical wedding customs 00:18:53.800 | 
are much more sensible than our modern Hollywood-created 00:18:57.600 | 
wedding customs, so are historical marriage practices 00:19:05.600 | 
than our modern Hollywood-created marriage practices. 00:19:09.560 | 
Historically, if a couple was going to get married, 00:19:15.360 | 
rather than the couple throwing the community a party. 00:19:18.800 | 
Historically, if a couple was going to marry, 00:19:22.120 | 
it was a community affair where the community came together 00:19:26.600 | 
to launch the couple successfully into their married life, 00:19:31.440 | 
again, by solemnizing the event, making it a public event 00:19:34.980 | 
so that there was clear indication of who was marrying whom 00:19:42.840 | 
Mate market sounds pretty terrific, sorry, horrific. 00:19:54.920 | 
The community traditions for solemnizing the occasion 00:20:21.880 | 
Now, again, I'm not opposed to big fancy weddings. 00:20:28.480 | 
and loved to throw their daughters incredible weddings. 00:20:36.960 | 
And as Hollywood has created this magic idea around weddings 00:20:49.440 | 
If you're going to have the best outcome for your children 00:20:55.540 | 
you need to begin by carefully choosing a spouse 00:21:01.920 | 
that is going to be a high quality parent for your children. 00:21:09.000 | 
On the genetic level, there is a real truth to the idea 00:21:16.800 | 
that the person with whom you conceive a baby, 00:21:26.320 | 
predict a huge component of the child's life. 00:21:30.840 | 
And so we want to look at markers such as health, 00:21:35.880 | 
vitality, strength, size, intelligence, et cetera. 00:21:40.880 | 
These genetic markers are fundamentally important. 00:21:46.500 | 
A significant amount of your child's genetic material, 00:21:55.900 | 
by your mate and your ancestors and your mate's ancestors. 00:22:00.900 | 
Recently with my family I've been reading a book 00:22:12.980 | 
This really interesting, really experienced physician 00:22:22.000 | 
And one of the major points that she makes early on 00:22:24.180 | 
in the book is that beauty, what we call physical beauty, 00:22:29.180 | 
is strongly tied and connected to markers of health, 00:22:38.060 | 
In our age we have in many cases taken the idea 00:22:45.820 | 
We've said, well, that person may be beautiful, 00:22:47.660 | 
but you don't have to be beautiful to be healthy. 00:22:49.620 | 
And what the author argues in a way that is convincing 00:22:54.340 | 
and persuasive to me is that what we call beauty 00:22:58.340 | 
is a consistent and reliable indicator of physical health. 00:23:02.540 | 
She goes into a really interesting set of research 00:23:23.700 | 
Let me look up a quick passage, super fascinating. 00:23:31.220 | 
there's this classic idea of a woman's figure 00:23:42.620 | 
And yet there's actually a strong correlation 00:23:46.260 | 
between the body type that a woman has and her basic health. 00:23:59.100 | 
Beauty researchers have divided female body types 00:24:12.620 | 
showed that apple-shaped women with short waists 00:24:16.860 | 
and narrow hips had almost double the mortality rates 00:24:29.700 | 
while a lack of voluptuousness indicates a problem. 00:24:33.060 | 
Normally, the hips and bust develop during puberty 00:24:36.860 | 
as a result of a healthy surge in sex hormones. 00:24:39.760 | 
These developments involve expansion of the pelvic bones 00:25:03.340 | 
it gets distributed in a more masculine pattern 00:25:05.940 | 
in the belly, on the neck, and around the upper arms, 00:25:09.940 | 
Today, after three generations of trans fat consumption, 00:25:12.840 | 
which interferes with hormone expression, C chapter seven, 00:25:17.520 | 
which interferes with hormone receptivity, C chapter nine, 00:25:20.780 | 
hourglass figures have become something of a rarity. 00:25:24.380 | 
According to a 2005 study commissioned by Alva Products, 00:25:32.740 | 
develop the voluptuous curves universally recognized 00:25:44.860 | 
that the most beautiful among us are genetic freaks. 00:25:48.920 | 
She is merely referencing the statistical improbability 00:26:12.080 | 
Why would biology program us to be hot for genetic freaks? 00:26:32.340 | 
not only live the longest, they also live better. 00:26:35.640 | 
Statistics consistently show that having a longer, 00:26:40.860 | 
correlates with reduced diagnoses of infertility, 00:26:48.060 | 
abdominal aneurysms, diabetes and its complications, 00:26:53.120 | 
And of course, all of those are cited sources 00:26:56.740 | 
that you're welcome to look up if you're interested. 00:27:03.380 | 
And so the comments that I'm making are simply that 00:27:09.180 | 
it's important that you think about the basic genetic 00:27:16.200 | 
And don't be ashamed to pursue someone who is beautiful. 00:27:20.260 | 
Don't be ashamed to pursue someone who is healthy. 00:27:23.440 | 
Don't be ashamed to pursue someone who is strong, 00:27:27.060 | 
who is vigorous, who is vitality, who expresses vitality. 00:27:32.060 | 
Because these basic things are going to be passed along 00:27:37.860 | 
This is also going to affect everything from, 00:27:43.460 | 
and it's going to affect your child's basic intelligence. 00:27:47.940 | 
In our modern age, which is very cognitively demanding, 00:27:52.140 | 
you wanna be very thoughtful about marrying someone 00:27:56.980 | 
and your own personal levels of intelligence. 00:27:59.660 | 
This is fundamentally important, at least in my experience, 00:28:08.260 | 
I would have a very hard time being in a relationship 00:28:13.440 | 
with a woman who was not my intellectual evil, 00:28:21.720 | 
because it would just be very hard for me to relate. 00:28:25.240 | 
And so if my wife didn't understand my little quirky jokes, 00:28:28.180 | 
if she couldn't discuss the way that I wanna live 00:28:31.200 | 
and the ideas and the abstract ideas and concepts 00:28:33.980 | 
that I think about on a continual basis with me, 00:28:36.480 | 
I would find my relationship with her very unfulfilling. 00:28:39.860 | 
But one of the side factors is that your genetic, 00:28:44.400 | 
your basic intelligence and your mate's basic intelligence 00:28:51.760 | 
Now, this is, I think, increasingly a major challenge 00:29:05.600 | 
in which he analyzes the culture of the United States 00:29:28.200 | 
And so homogamy, the word, it's not commonly used, 00:29:33.200 | 
but homogamy refers to the interbreeding of individuals 00:29:45.940 | 
with similar cognitive ability have children. 00:29:54.040 | 
in terms of how things like basic intelligence 00:29:59.700 | 
and what this can and is increasingly resulting in 00:30:07.240 | 
from a section called "The Increase in Cognitive Homogamy." 00:30:13.080 | 
"people commonly married someone from the same town 00:30:15.960 | 
"or from the same neighborhood of an urban area. 00:30:25.380 | 
"Similar cognitive ability was a source of compatibility 00:30:30.160 | 
"and some degree of cognitive homogamy existed, 00:30:47.060 | 
"As the proportion of college graduates increased, 00:30:51.140 | 
"for greater educational homogamy at the top. 00:30:59.280 | 
"Drawing on the extensive technical literature and the CPS," 00:31:02.680 | 
which is, I forget what the acronym stands for, 00:31:11.600 | 
"sociologists Christine Schwartz and Robert Mayer 00:31:14.840 | 
"examined trends in, quote, assortative marriage, 00:31:17.920 | 
"as it is known in the jargon, from 1940 to 2003. 00:31:34.040 | 
"For our purposes," which is trying to understand 00:31:39.280 | 
"the effects of increased educational attainment 00:31:51.300 | 
"The change was so large that it was a major contributor 00:31:54.100 | 
"to the creation of a new class all by itself. 00:31:59.180 | 
"had another consequence that the academic literature 00:32:05.320 | 
"inevitably means increased cognitive homogamy. 00:32:08.780 | 
"A college education, starting with admission 00:32:14.880 | 
"To be able even to begin a major in engineering 00:32:18.600 | 
"students have to be able to do advanced calculus, 00:32:20.960 | 
"and that in turn requires logical mathematical ability 00:32:24.200 | 
"in roughly the top decile of the population. 00:32:26.920 | 
"To be able to cope with genuine college-level material 00:32:36.940 | 
"closer to the top decile if you want to get good grades 00:32:47.040 | 
"The result is that each level of educational attainment, 00:32:53.980 | 
"implies a mean IQ for people attaining that level 00:32:57.300 | 
"that has been remarkably stable among whites 00:33:02.020 | 
And here the author goes and shares a paragraph 00:33:04.360 | 
on why he is limiting this data to whites only. 00:33:09.680 | 
but whites only data avoids a lot of the racial issues 00:33:12.440 | 
in America over the course of the 20th century 00:33:19.160 | 
Then he presents a chart showing how basically 00:33:30.140 | 
by the height of educational attainment, right? 00:33:38.640 | 
no more than no degree in the year 1982 to '89 is 88. 00:33:59.920 | 
The stability of the scores over the three decades 00:34:03.140 | 
from the 1980s through the 2000s is remarkable 00:34:05.800 | 
considering that the number of bachelor's degrees 00:34:15.000 | 
But the country was also becoming steadily more efficient 00:34:18.000 | 
at getting the best students into college over that period 00:34:20.480 | 
so that the greater size of the college population 00:34:32.040 | 
has meant, inevitably, greater cognitive homogamy at the top. 00:34:37.480 | 
The college sorting machine has also been at work. 00:34:40.060 | 
College brings people together at the time of life 00:34:42.280 | 
when young adults are beginning to look around 00:34:44.880 | 
And the college sorting machine brings the highest IQ 00:34:52.360 | 
graduate school adds another layer of sorting 00:34:55.880 | 
who went to a state university goes to Harvard Law School 00:35:02.020 | 
For the prospective members of the new upper class 00:35:04.140 | 
who don't find a marriage partner as an undergraduate 00:35:06.660 | 
or at grad school, the names of the schools they attended 00:35:12.900 | 
The substance of their education also sorts them 00:35:15.400 | 
into occupations that increase the likelihood 00:35:28.840 | 
are likely to marry other graduates from elite colleges. 00:35:32.440 | 
Back in the days when Harvard men and Wellesley women 00:35:34.920 | 
were more likely to be rich than to be especially smart, 00:35:37.800 | 
this meant that money was more likely to marry money. 00:35:40.480 | 
In an era when they are both almost certainly 00:35:44.960 | 
it means that very smart is more likely to marry very smart. 00:35:49.640 | 
Goes on and talks a little bit about shared culture, 00:35:52.200 | 
how cognitive ability is just kind of a marker 00:35:58.540 | 
Transmission of cognitive ability to the next generation. 00:36:09.620 | 
and cognitive homogamy is the increased tenacity 00:36:12.520 | 
of the elite in maintaining its status across generations. 00:36:19.860 | 
in three generations grew out of an observed reality. 00:36:24.100 | 
If the children and grandchildren are only average 00:36:26.600 | 
in their own abilities, money from a fortune one 00:36:32.740 | 
When the parents are passing cognitive ability 00:36:41.340 | 
Specific numbers can be attached to such statements. 00:36:44.020 | 
The stability of the average IQs for different levels 00:36:49.040 | 
that we can predict the average IQs of children of parents 00:36:53.940 | 
And we can also predict where the next generation 00:36:55.960 | 
of the smartest children is going to come from. 00:37:04.620 | 
This tendency is called regression to the mean. 00:37:11.180 | 
of the empirically observed statistical relationships 00:37:13.740 | 
between the tested IQs of parents and children. 00:37:16.840 | 
Given the parameters in the note on page 366, 00:37:19.420 | 
the expected value of the IQ of a grownup offspring 00:37:30.400 | 
plugging in the average IQs for those levels of education 00:37:39.940 | 
from elite colleges with a midpoint IQ of 135. 00:37:47.340 | 
Parents' education, two high school dropouts, 00:37:52.520 | 
Two high school diplomas, expected IQ of the child, 101. 00:38:00.660 | 
Two graduate degrees, expected IQ of the child, 116. 00:38:09.800 | 
These represent important differences in the resources 00:38:22.580 | 
for their educational level, 113 and 99 respectively. 00:38:35.560 | 
If their son has the expected IQ of a little less than 105, 00:38:39.780 | 
he will have only about a 50% chance of completing college, 00:38:42.920 | 
even assuming that he tries to go to college. 00:38:47.860 | 
and determination from his parents, which would help. 00:38:50.440 | 
But those qualities regress to the mean as well. 00:38:53.080 | 
Shirt sleeves to shirt sleeves in three generations 00:38:59.220 | 
Compare that situation with the one facing the son 00:39:01.520 | 
of two parents who both graduated from elite schools. 00:39:08.220 | 
he has more than an 80% chance of getting a degree 00:39:12.440 | 
These percentages are not a matter of statistical theory. 00:39:20.700 | 
of the National Longitudinal Survey of Youth. 00:39:23.260 | 
If you had an IQ of 105 or one of 121 and entered college, 00:39:27.540 | 
those are the probabilities that you ever got a degree. 00:39:30.700 | 
In addition to those differing chances of graduation 00:39:33.220 | 
are qualitative differences between young people 00:39:37.980 | 
First, the reasons that someone with an IQ of 105 00:39:46.740 | 
whereas the reasons a person with an IQ of 121 00:39:49.320 | 
doesn't finish college almost certainly involve 00:39:53.780 | 
No one with an IQ of 121 has to drop out of college 00:40:01.140 | 
in the range of occupations open to those two young persons. 00:40:04.580 | 
The one with an accurately measured IQ of 105 00:40:10.860 | 
that are screened for IQ by their educational requirements, 00:40:14.500 | 
for example, medicine, law, engineering, academia. 00:40:21.020 | 
Someone with an accurately measured IQ of 121 00:40:23.980 | 
can succeed in any of them if his mathematical 00:40:30.940 | 
if there is an imbalance between mathematical 00:40:34.860 | 
Now, think in terms of an entire cohort of children. 00:40:40.980 | 
with exceptional cognitive ability come from? 00:40:44.780 | 
let's say that exceptionally high cognitive ability 00:40:52.860 | 
may be expected to have a midpoint IQ of more than 125. 00:41:07.120 | 
That leaves one quarter who will be the children of parents 00:41:12.860 | 
Only about 14% of that top five centiles of children 00:41:16.260 | 
are expected to come from the entire bottom half 00:41:21.900 | 
Therein lies the explanation for that startling statistic 00:41:27.620 | 
In 2010, 87% of the students with 700 plus scores 00:41:39.000 | 
Those percentages could have been predicted pretty closely 00:41:45.980 | 
and the correlation between parental and child IQ. 00:41:55.820 | 
and without knowing anything about the family incomes 00:42:00.260 | 
how many test preparation courses their children took, 00:42:03.900 | 
or how ingenious the educational toys in the household were 00:42:09.780 | 
in the top five centiles of cognitive ability 00:42:12.120 | 
worked as farmers, shopkeepers, blue collar workers, 00:42:14.840 | 
and housewives, a situation that necessarily prevailed 00:42:20.100 | 
and educational distributions during the early 1900s, 00:42:23.500 | 
these relationships between the cognitive ability 00:42:25.740 | 
of parents and children had no ominous implications. 00:42:36.640 | 
with the same ability and background, they do. 00:42:39.400 | 
In fact, the implications are even more ominous 00:42:41.520 | 
than I just described, because none of the numbers I used 00:42:44.000 | 
to illustrate the transmission of cognitive ability 00:42:46.120 | 
to the next generation incorporated the effects 00:42:48.840 | 
of the increased educational homogamy of recent decades. 00:42:52.320 | 
In any case, the bottom line is not subject to refutation. 00:42:57.900 | 
of exceptionally able children in the next generation 00:43:00.960 | 
will come from parents in the upper middle class, 00:43:11.660 | 
One sidebar that was included that I skipped over earlier 00:43:21.980 | 
Educational attainment is correlated with IQ, 00:43:25.780 | 
but education does not have much effect on IQ 00:43:33.460 | 
of any education after age six wouldn't make a difference, 00:43:43.700 | 
and those children then attend a wide variety 00:43:54.220 | 
that the children who went to the expensive private schools 00:43:59.900 | 
This finding goes back to the famous Coleman Report 00:44:03.820 | 
Scholars still debate whether additional years of education 00:44:07.140 | 
are associated with increments in general mental ability 00:44:11.140 | 
but no one contends that education routinely transforms 00:44:14.160 | 
average children into intellectually gifted adults. 00:44:25.220 | 
basic, the basic genetic makeup of the person 00:44:48.080 | 
who is exceedingly beautiful, exceedingly strong, 00:45:31.240 | 
I just reflect on the fact of how difficult it is 00:45:35.120 | 
to do anything productive when you don't feel well. 00:45:38.040 | 
And one of the great gifts that I have been given 00:45:40.160 | 
has been just enjoying robust personal health. 00:45:47.160 | 
I've always generally enjoyed good personal health. 00:45:51.040 | 
I've generally lived most of my life pain-free 00:46:00.020 | 
I'm just shocked at how much of my own personal success 00:46:10.640 | 
I try to be wise with my decisions, as we all do, right? 00:46:13.440 | 
But at the end of the day, a significant amount 00:46:15.800 | 
of my genetic heritage and my robust personal health, 00:46:30.740 | 
None of us did anything to deserve where we are, 00:46:45.240 | 
I believe that is a time in which you should be, 00:46:50.520 | 
and you have every right to be, perfectly selfish. 00:46:56.680 | 
I believe that marriage is a permanent institution. 00:47:00.680 | 
When my wife and I said, "I will," to each other, 00:47:09.960 | 
I said, "I will have you and hold you, keep you, 00:47:13.480 | 
"in sickness and in health, for better or worse, 00:47:29.220 | 
of the stability that children need to grow up in. 00:47:36.440 | 
that is going to affect the rest of your life, 00:47:51.000 | 
Be thoughtful and careful about your spousal selection, 00:47:55.600 | 
even to these very practical, very visible things, 00:47:59.940 | 
'cause it will make a huge difference in your life, 00:48:03.960 | 
it'll make a huge difference in the lives of your children. 00:48:07.760 | 
Now for a limited time at Delamo Motorsports. 00:48:19.400 | 
Considering the Mavericks taking home trophies everywhere, 00:48:22.040 | 
from King of the Hammers to Uncle Ned's Backcountry Rally, 00:48:30.300 | 
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Visit Delamo Motorsports in Redondo Beach and get yours. 00:48:39.680 | 
- Let's now pivot from basically those kind of objective, 00:48:47.480 | 
and let's talk about some of the sociological factors. 00:48:52.000 | 
As you'll hear as I continue in this podcast episode, 00:48:58.560 | 
in discussing the care and nurturing of a baby, 00:49:25.520 | 
these questions will be exceedingly important 00:49:32.540 | 
One of the comments I'll make in a little bit 00:49:38.160 | 
of babies being surrounded by nothing but love. 00:49:55.600 | 
who doesn't know how to express love and care, 00:50:05.220 | 
to deal with a crying baby without lashing out 00:50:19.040 | 
about the character of the person that you are marrying. 00:50:24.040 | 
You wanna be very careful about the character 00:50:53.000 | 
You want to be in a relationship with somebody 00:51:04.080 | 
You want someone who is exceedingly self-disciplined. 00:51:13.860 | 
All of these character qualities that we can go through 00:51:17.020 | 
need to be reflected in your prospective spouse. 00:52:03.660 | 
rather than being the submissive one in a household 00:52:07.100 | 
and understanding very clearly his role in society 00:52:13.700 | 
If you are in a relationship with someone who is unclean 00:52:23.240 | 
his or her way he or she keeps his or her house, 00:52:33.900 | 
then that child is not going to achieve his potential. 00:52:44.420 | 
Helpfulness or moderation or modesty or orderliness 00:52:47.820 | 
or purposefulness or gentleness or generosity. 00:52:51.460 | 
Again, go through a list of character qualities 00:52:53.940 | 
and what you'll see is that all of these are important. 00:52:57.020 | 
They're gonna be important for the functioning of a parent 00:53:00.780 | 
and they're gonna be important for the example 00:53:08.240 | 
If a child has a positive example set of strong virtue 00:53:15.420 | 
then that child will naturally absorb the idea 00:53:20.780 | 
And then that child will be as one who stands 00:53:26.100 | 
But if the child has a strongly negative example, 00:53:32.780 | 
and circuitous pathway of systematically discarding 00:53:36.620 | 
the negative example to which he's been exposed 00:53:41.620 | 
and then surrounding himself with positive examples. 00:53:45.140 | 
So all of these things matter, they matter hugely. 00:53:49.000 | 
And even a person of the highest virtue and character 00:53:54.000 | 
is going to be tested in the crucible of babies and children. 00:54:00.020 | 
I remember distinctly an experience that I had 00:54:05.100 | 
I always had, I continue to have and have always had 00:54:13.540 | 
I know where my strengths are, where my weaknesses are. 00:54:16.020 | 
And I am generally a fairly patient man, et cetera. 00:54:20.220 | 
But I remember so much when we had our first child 00:54:23.420 | 
and there was a time in which he was just crying 00:54:26.300 | 
and crying and crying and my wife and I were tired 00:54:29.100 | 
and were worn out and up all night and no sleep 00:54:31.740 | 
and trying to figure out what is wrong with this baby 00:54:37.200 | 
We're inexperienced parents, of course, et cetera. 00:54:45.660 | 
is your tolerance for something like crying increases. 00:54:54.980 | 
if a single person without children is around 00:54:59.500 | 
and your baby's crying, like the person just like starts, 00:55:01.940 | 
especially men, they start shifting their chairs. 00:55:06.820 | 
And as a parent, after a while, you just learn, 00:55:11.900 | 
And at least if he's crying, it means he's not dying. 00:55:16.920 | 
Crying is annoying, but he's crying because he's overtired. 00:55:21.940 | 
We'll get him in his bed, he'll go to sleep, et cetera. 00:55:27.300 | 
there was a point in time where I was so frustrated. 00:55:44.940 | 
oh, that's why shaken baby syndrome or whatever is a thing. 00:55:54.140 | 
And like, you're at the end of your rope and you're tired 00:55:59.140 | 
And you just wanna fix it that you're just like, 00:56:03.420 | 
Now I understand why people shake their babies. 00:56:15.580 | 
and then went back five minutes later and started again 00:56:29.220 | 
if I didn't have the self-control that I have, 00:56:33.580 | 
I could have just done something really horrific 00:56:45.460 | 
Now, a couple of important comments specifically to men. 00:57:13.880 | 
One of the great challenges that we face in our modern era, 00:57:32.980 | 
or appreciation even of motherly characteristics. 00:57:38.240 | 
Most young women in our modern Western societies 00:57:58.440 | 
between a woman who's going to be a good mother 00:58:03.060 | 
versus a woman who's going to be a great career woman. 00:58:10.260 | 
where I see that there are broad swaths of women 00:58:19.520 | 
of the old-fashioned motherly style of living 00:58:27.160 | 
into modern business-making, money-making careers. 00:58:32.160 | 
But it is very challenging because a lot of times, 00:58:39.440 | 
in the modern business world make the worst mothers. 00:58:44.440 | 
And the women who are probably the best mothers 00:58:56.600 | 
and think about what you want as early in life as possible. 00:59:01.600 | 
If you desire to be in a relationship with a career woman, 00:59:10.240 | 
If you desire to be in a relationship with a mother, 00:59:13.880 | 
it's also your life, and you can choose that. 00:59:17.560 | 
On this topic, I myself feel like I dodged a bullet 00:59:25.880 | 
The reason I feel that way is I was not confident 00:59:29.320 | 
when I was 20 years old that I wanted a woman 00:59:32.360 | 
who was willing to be a great mother and a great wife. 00:59:36.280 | 
I was so infected with the modern kind of feminist worldview 00:59:41.280 | 
that I thought it was discriminatory for me to say 00:59:43.840 | 
that I would want a woman who would be a good mother. 00:59:48.680 | 
And there were several women that I was interested in 00:59:50.960 | 
who, in hindsight, it's now blindingly obvious to me 00:59:55.320 | 
that it would have been a horrific relationship 00:59:57.920 | 
for me personally because they were very career-driven. 01:00:01.480 | 
There were three different girls that I was interested in, 01:00:06.400 | 
And if I had ever ended up in a marriage relationship 01:00:09.720 | 
with those women, it would have been very difficult for us 01:00:13.520 | 
because their careers were very important to them. 01:00:17.480 | 
And yet, with my interest in traveling the world 01:00:22.680 | 
I would have found it difficult to be married to them 01:00:31.880 | 
I think I haven't, I'm not in touch with any of them. 01:00:33.920 | 
I know that at least a couple of them are mothers now, 01:00:36.120 | 
and I'm sure they're wonderful mothers, et cetera. 01:00:46.160 | 
And that track would have been frustrating to me. 01:00:51.560 | 
you should be completely and entirely selfish. 01:00:59.320 | 
for your children, and you should choose the best mother 01:01:08.080 | 
it was not like we sat down and kind of had this, 01:01:26.320 | 
a high degree of compatibility on some of these issues. 01:01:29.760 | 
My wife was working, she had a job, et cetera, 01:01:46.920 | 
is that she can be fully focused on being a mother. 01:01:53.600 | 
As you'll hear when I talk about some of the things 01:01:58.320 | 
one of the most important things that you need is time. 01:02:02.560 | 
And you especially need time from your children's mother. 01:02:14.160 | 
or if you're attracted to somebody who has developed skills 01:02:18.680 | 
and ability and knowledge and prepared herself 01:02:23.600 | 
that's a hugely important thing for you to consider. 01:02:29.600 | 
and you want your children to be raised well, 01:02:33.180 | 
the choice of the mother and her character qualities, 01:02:44.080 | 
overcome, meaning you cannot go beyond that basic choice. 01:02:48.320 | 
You are going to succeed or fail to the degree 01:02:51.760 | 
that she possesses those character qualities that you need. 01:03:07.120 | 
If you're going to be in a relationship with a man 01:03:09.480 | 
and you are thinking and caring about the long-term success 01:03:32.400 | 
and make sure that you are only conceiving children 01:03:36.400 | 
with somebody who is going to be a world-class father. 01:03:40.400 | 
Because if you wind up raising a child by yourself, 01:03:54.320 | 
A child who doesn't have a strong, virtuous father 01:04:00.840 | 
in his life is going to begin his life completely handicapped. 01:04:12.840 | 
And so your choice of a man of high moral character 01:04:20.560 | 
Your choice of somebody who is going to provide you 01:04:23.200 | 
with the lifestyle that you want is exceedingly important. 01:04:43.120 | 
as well as it could be if you are trying to also earn money. 01:04:52.040 | 
on the day-to-day functioning of my household. 01:04:54.400 | 
And when we have a new baby, as I'll talk about in, 01:05:00.160 | 
but when we have a new baby, my wife has one job, 01:05:04.320 | 
And so I'm running the household and I'm very good at it. 01:05:11.800 | 
about men being incapable of washing their towels 01:05:17.800 | 
Even with my skill, I find it very hard to create the time 01:05:27.080 | 
because the demands of young children are continuous. 01:05:40.120 | 
you better choose a guy who can make enough money 01:05:45.680 | 
and who's willing to do that with a happy attitude. 01:05:56.240 | 
One of the times when a woman is in her most vulnerable state 01:06:02.440 | 
when she's recovering, exceedingly vulnerable. 01:06:07.700 | 
who's gonna provide for you, who's gonna care for you, 01:06:14.960 | 
and very, very discriminatory in choosing someone 01:06:18.560 | 
who is the highest quality for you in your relationship. 01:06:23.560 | 
Don't succumb to the idea that the only thing 01:06:31.840 | 
Don't succumb to the idea that the only thing that matters 01:06:34.640 | 
is whether your heart goes pit or pat when he looks at you. 01:06:54.420 | 
you can't just depend upon the basic genetic material. 01:06:59.300 | 
Your goal is not to go out and find a sperm donor 01:07:02.820 | 
who is tall, dark, and handsome and has a high IQ. 01:07:05.380 | 
You need somebody who has those basic qualities, 01:07:11.160 | 
but also is going to be a world-class father. 01:07:16.160 | 
Be careful and discriminatory in that process. 01:07:34.460 | 
it begins with who the parents of your children are. 01:07:40.760 | 
And since you're going to be one of those parents, 01:07:44.580 | 
the primary choice that you have is who is the other parent? 01:07:49.580 | 
Who's going to provide the genetic seed necessary 01:07:58.480 | 
And who is going to be there throughout the long, 01:08:02.720 | 
challenging life course of this child and of this baby? 01:08:07.720 | 
Make sure if you want children that you're marrying somebody 01:08:15.980 | 
Make sure also, of course, that you talk about it 01:08:23.880 | 
But be very, very careful and discriminatory in advance 01:08:34.500 | 
- Now for a limited time at Delamo Motorsports. 01:08:46.240 | 
Considering the Mavericks taking home trophies everywhere 01:08:48.920 | 
from King of the Hammers to Uncle Ned's Backcountry Rally, 01:08:52.360 | 
you're not going to find a better deal on front row seats 01:08:57.200 | 
Don't lose out on your chance to get a Maverick X3. 01:09:00.280 | 
Visit Delamo Motorsports in Redondo Beach and get yours. 01:09:06.560 | 
- I think I'm going to conclude this podcast episode here. 01:09:14.620 | 
but I've spoken a little bit in greater detail 01:09:28.600 | 
from their nap time and I'm now needed in my household 01:09:32.480 | 
in order to allow my wife to rest and to sleep. 01:09:46.800 | 
I hope that these ideas have been useful to you. 01:09:55.240 | 
these things, these decisions are already made. 01:09:58.120 | 
For many of us, we already have a child, right? 01:10:03.920 | 
The child is already generated and created, et cetera. 01:10:06.820 | 
But I do have a significant amount of my listening audience 01:10:21.560 | 
We should be talking, one of the important classes, 01:10:27.760 | 
I believe that education should reflect reality. 01:10:33.960 | 
we talk about, okay, what classes do we wanna have? 01:10:35.860 | 
And my wife suggested to the group, she's like, 01:10:43.160 | 
And the teenagers, shockingly, didn't jump on the idea 01:10:48.020 | 
for whatever reason, but it's certainly a class 01:10:57.680 | 
The life course that people are on is so blindingly obvious 01:11:02.680 | 
that if we'll walk away from the Hollywood mumbo jumbo 01:11:09.960 | 
about the way life works and we just look at it, 01:11:15.120 | 
You don't want, character matters, physicality matters, 01:11:26.180 | 
is when you build a foundational relationship 01:11:29.900 | 
based upon compatibility, respect, et cetera, 01:11:34.260 | 
based upon a philosophy and a worldview of love, right? 01:11:38.060 | 
My definition of love is that love is an action. 01:11:43.660 | 
Love is an action, like Voddie Bachum's definition. 01:11:50.120 | 
Love is a decision, love is a, now I'm blanking on it. 01:11:57.320 | 
Love is an act of the will, accompanied by emotion 01:12:01.920 | 
that leads to action on behalf of its object. 01:12:07.800 | 
I find that to be one of the most useful definitions of love. 01:12:10.840 | 
Love is an act of the will, accompanied by emotion 01:12:14.280 | 
that leads to action on behalf of its object. 01:12:17.200 | 
The idea is love is not something that you just feel, right? 01:12:20.100 | 
Those are chemical reactions and they come and go 01:12:22.840 | 
and they're important, but they're not fundamental. 01:12:26.780 | 
They are the important and worthy and wonderful icing 01:12:31.780 | 
on top of the cake that makes the whole cake wonderful. 01:12:38.400 | 
Icing is gross, children think icing is great. 01:12:47.580 | 
as eating a really delicious cake with icing on top. 01:12:52.580 | 
What Hollywood calls love and what our culture worships 01:12:57.880 | 
of these emotional reaction and feeling to another person 01:13:07.880 | 
Makes it just burst in your mouth with flavor 01:13:10.840 | 
and you love it, but it's not the foundation for a cake. 01:13:21.760 | 
in which these issues are discussed consistently 01:13:35.720 | 
of what they're looking for and what is available to them. 01:13:45.480 | 
before the live class of my newest course called Hackproof. 01:13:52.880 | 
The live class that you will definitely want to be a part of 01:14:02.520 | 
so that not only can you receive the prepared curriculum, 01:14:05.480 | 
but you can also ask all of your personalized questions, 01:14:08.320 | 
which my co-host and I, Gabriel Custodiate, will answer. 01:14:14.320 | 
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