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travis@balancedgrowthinc.com

What is Your Legacy?

Creating a Lasting Legacy: Insights from Dr. Travis Parry's Journey

Introduction:
In a world where financial success often takes center stage, the concept of legacy becomes a profound aspect of our lives. Dr. Travis Parry, in his recent podcast, delves into the essence of legacy, drawing from personal experiences that highlight its significance. Through heartfelt anecdotes and professional insights, he explores how we can cultivate a meaningful legacy that transcends mere material wealth.

Understanding Legacy
What does legacy mean to you? For Dr. Parry, it evokes memories of his father, who inspired him to pursue a path in financial advising. He reflects on his father's influence and the lessons learned from a life unexpectedly cut short. The sudden loss of his father prompted Dr. Parry to confront what legacy truly means, culminating in the poignant experience of writing his father's obituary. This experience forced him to reflect deeply on his father's life and the impact he had on those around him.

The Pursuit of Purpose
Dr. Parry emphasizes that legacy is not just about inheritance but about living with purpose. He shares how his journey through financial advising and psychology has shaped his understanding of motivation and human connection. He acknowledges that living a purposeful life can alleviate feelings of imbalance, allowing individuals to align their actions with their values.

Navigating Financial Conversations in Relationships
A significant aspect of Dr. Parry's work involves helping couples navigate financial discussions. He highlights that differing backgrounds and views on money can lead to conflict. To build a shared legacy, it’s vital for couples to understand each other's motivations and purposes regarding finances. Dr. Parry's insights stress that when couples are on the same page, they can grow together, both personally and financially.

The Multifaceted Nature of Legacy
Dr. Parry's reflections lead to the realization that legacy encompasses various dimensions: spiritual, relational, and financial. He emphasizes that while financial planning is important, it should not overshadow the spiritual and relational aspects of legacy. He shares a moving story of a fellow financial planner who, during a keynote speech, revealed that his greatest asset was his family. This moment resonated with the audience, underscoring that true legacy lies in the relationships we nurture.

Building a Spiritual and Family Legacy
For Dr. Parry, spiritual legacy is paramount. He discusses the importance of instilling values within his family, emphasizing the role of spirituality in shaping their lives. He shares practices from his family, such as morning devotionals and scripture studies, that reinforce their shared values. Dr. Parry's commitment to family and spirituality serves as a powerful reminder that a lasting legacy begins at home.

Conclusion:
Dr. Travis Parry's insights into legacy highlight the importance of living with intention and purpose. By recognizing the multifaceted nature of legacy, we can cultivate meaningful relationships, foster spiritual growth, and create financial stability. As we reflect on our own legacies, let us remember that true wealth lies not in material possessions but in the love and values we pass on to future generations.

Key Takeaways:
1. Legacy is more than financial inheritance; it's about the impact we have on others.
2. Living purposefully can help mitigate feelings of imbalance and guide our actions.
3. Open communication about finances is crucial for couples to build a shared legacy.
4. Spiritual and relational aspects of legacy are just as important as financial success.
5. A strong family culture rooted in shared values can create a lasting legacy.

Tags: Legacy, Financial Planning, Purposeful Living, Family Values, Spiritual Growth, Relationship Advice.

Full Transcript:

Dr. Travis Parry (00:01.422)
Hey there everybody today I am rolling out this solo podcast to talk about legacy. Now what is legacy? When you think of that word, what comes to mind? So for me, I think about my dad. Now I got into financial advising long time ago because of dad. I've mentioned this in other podcasts and previous episodes. So what dive into this?

You know, really deeply, but he always pushed me to do what it is that I wanted to do. I know that he had his own business and he wanted me to, you know, take over that business. And quite honestly, professionals now are saying that the next millionaires are going to be plumbers and electricians. And so maybe I should have just stuck it out, but I felt a calling. I felt that I needed to do something different and I had a purpose. it just wasn't sure where it was going. So it went to college.

became a financial advisor and man, did I learn a lot about money and people? So much so that I did a psychology degree to really understand, you know, motivation and stress and financial, you know, motivation and connection between financial psychology. So it was a lot of, a lot of fascinating work. Plus I did a PhD in marriage and family and human development. And I really, really loved that. Now all that said, what does that have to do with that? Well, when dad passed away,

2006, almost 20 years ago, this coming February or January, his birthday was in February. Now, you know, looking back at everything that happened and looking back, noticing what, really happened when dad passed away very suddenly, just a few weeks before his 50th birthday, we were planning a surprise party. We're doing all these things, only to have him pass away very suddenly. I, I realized that what really changed my life at that point was.

writing my dad's obituary. Now I spoke at his funeral, they were standing room only probably over a thousand people there. it was an enormous outpouring of love and, you know, thank everybody that was there, et cetera, et cetera. But, but what really, really, really changed me was when I had to sit down and write dad's obituary, never wrote an obituary before. I'm not a great writer. Anybody that that knows me know I need a lot of help.

Dr. Travis Parry (02:22.828)
to produce any, you know, books, dissertations, anything that I write online. My wife is always like, are you really need someone else to help you look at these things? And I get it. Like, it's just not my strength. My strength is more of the speaking, the, you know, ideas that can come as I'm talking it through, That's, that's my strength. But as I was writing, I was sitting in front of the computer, I will never forget the moments, the hours, the long just pauses in.

my own life, I was just considering what my dad had really accomplished in a very short period of time, really half a life, uh, you know, of expectancy, maybe, maybe two thirds, you know, at a minimum, I should have made it 75, 80 years old easy. It was very, very, very healthy. we thought, um, so looking at that, I realized that legacy that my dad left me. Not only was the name that I follow, um, I carry his name in mind.

But, specifically my middle name and the last name, but, reputation, the ability for, for his abilities to live on in mine, but just the idea that he was able to accomplish his purpose in life. That's what really, really struck me over these few weeks. I was there trying to help mom and the family and going through dad's things. you know, it was, it just all happened so suddenly and out of the blue.

That when I had time to pause and do what the morning process, I realized that dad left me a legacy. But again, what is that legacy? Well, it's going to be different for everyone. For me, I really wanted to call this first book, live life on purpose, but there were several works already done that way. Several people are already throwing that out there. And so as I was doing my book interviews to try to figure out what to call this and what, know,

my target audience was really struggling with, figured it was actually balance, but living a purposeful life actually is the antidote for feeling out of balance. It's a psychological thing. It really is. I could say that it's living a life of legacy, living, you know, a purposeful life is living your legacy. All right. So fast forward to my second book, Mary and grow rich as I was writing this.

Dr. Travis Parry (04:49.602)
You know, work, I was trying to figure out, what does this have to do with spouses and why do people argue about money and all these things? It's because a lot of times couples are not on the same page financially. Therefore they have different views of what their legacy needs to be. What is their purpose when it comes to money? Is your spouse's purpose different from yours? it could be.

It could be, you at least have different backgrounds. Maybe you are on the same page, you go in the same direction. That's fantastic, but you definitely have to understand that you come from different backgrounds. Now, if you struggle with money, there's money arguments, there's, know, there's incongruence with your legacies. It's because you're probably looking at money from different points of view and you have different reasoning for, accomplishing those goals that, that money requires. Right. And as I found with business owners,

They struggle a lot of times to keep a balance in their life, you know, a good sense of their own purpose because they're trying to grow the business and that can be at odds, but it doesn't have to be when couples are on the same page financially and they learn to get off the field of their business. They learn to be team at to work. They can grow and scale their business without losing balance. That was the whole point of book number two.

Now book number three, I've alluded to this. told you I've getting started on this project and I want to give you an update. I have really, really enjoyed like several dozen interviews. I've already done about this topic. that, know, it was around family, financial freedom. I had, already had this in motion. but then when the whole Charlie Kirk thing went down, I was actually out of the country. I was in Norway. I was soaking up the views of this.

incredible fjord, that we had an Airbnb with my family. We were just enjoying a day of six, seven hours, seven hours of hiking to troll tongue. Now troll tongue, just real quick sidestep. Troll tongue is like one of the most epic views of Norway. Just check it out. Go, type in troll tongue, T R O L L T U N G E, right? Norwegian spelling. basically means the trolls tongue.

Dr. Travis Parry (07:11.79)
Okay. Now you, you hike six hours or three hours one way and three hours back and you take, know, we took some breaks in between, um, to eat lunch and stuff, but, it's a brutal hike. It's really brutal up and back. Um, the, first like two miles to just like there was 45, sometimes 65 % inclined, uh, almost it felt like you just rock climbing at some points. It was gnarly, fierce winds. was cold. Um, thank goodness it was, you know, still, uh,

somewhat summer weather there in, Norway, but, it was, you know, still a brutal winds that we didn't expect. There was a lot of things about this hike, but as we got back, we were just, you know, just, you know, beat and tired and just exhausted, but also feeling so fulfilled. got the news of what was happening, there at UVU where, know, I have family and friends attending and where I've taught school for several years in psychology.

I knew exactly where it was on the campus and as I described in previous episodes, like just, just my feeling of sadness and a profound.

Dis disgust, disdain for what's going on in our society. What's happening and realizing I need to, know, kind of take this into the next book, about legacy. What is our legacy? Now legacy has several pieces. it's, how we live our life, like who we are. It's a spiritual sense of legacy. you know, how we treat our own body, our, our, health, our mental health,

our relationships, relationships with God, with, know, with each other, with our community, like all of these aspects of our life, they're going to be examined at least by one person, the person who's going to write your obituary and maybe by another person who is going to be there, probably giving a life sketch, right? Of what you've done, what you've accomplished, who you've become as a person. Most importantly, I really believe in reaching out to

Dr. Travis Parry (09:19.074)
All of you believers out there, God in you, you're going to have a conversation at the end of life. death is not the end. It's a beginning. I watched a fantastic documentary on, on, angel studios called life after death. haven't ever seen this video. There's many others out there, but this is documentary, not a case study of dozens of cases of individuals who have gone on.

And so I, I really believe that I know that many of us who believe in God know that there's something else, right? But I believe we're going to have an interview with God and he's going to discuss with us our life legacy. we live that legacy? Did we bring our family along? How did you treat your spouse, your family? So this third book is really going to be about, you know, your family, how you can help them.

Continue the legacy that you've built legacy again, it's spiritual, it's health, it's relational. There's a financial piece to it. Many financial planners and advisors when I got into the industry, we're using this word legacy, legacy, legacy, but they were only focused on money. In fact, I watched the keynote speech of a guy who in our company was just, just doing incredible things. was, he was doing amazing, amazing, amazing work.

and at the very end of his speech, he's like, this is how I did it. This is how I built my, my, know, my business and how I've made it so successful. And at the end he's like, but this is my most important asset. And I'm going to show you this picture and I don't want you guys to, you know, you know, feel, know, this way or the other, or, you know, I can't remember exactly how he couched it, but he basically was like, it's my family. And he showed a picture of his like,

three or four generations of family and there wasn't a dry eye in the audience, just the impact that he had like, yeah, I'm really wealthy, but this is my impact. This is my legacy. It's my family. So this next book, I am really going to hunker down on how we as, as family members are able to impact each other with the legacy. So it begins at home. It begins with our own habits. What are we doing?

Dr. Travis Parry (11:36.942)
What kind of example are we spiritually to our children? Are we going to church? Are we attending church meetings? Are we serving in, know, whatever church capacity, you know, that we can to our community, are we studying our scriptures personally? Not just with our family. Are we, are we doing the work? Okay. And then are we helping our children see that as an important aspect of their life? And then are we teaching them?

One thing that my wife and I decided long, long, long ago, we would always read scriptures together, her and I. and then I would study them alone. She would study them alone. And then as kids came along, as they grew up, we started to include a devotional. One of the main reasons actually why we homeschool is because we started to lose that. We began this young and we began to teach them young about who God was and scriptures and prophets and gospel principles and Jesus is, and all these things.

But then we started to feel like the public school system was pulling and demanding so much, like beginning earlier, starting, know, ending later. And, we just felt the pull and we started looking at other options and alternatives. And quite honestly, I didn't want to homeschool our children. had a year of this and it didn't work out the best and I'll spare you all the details. It just, I was against it. But as we start to explore, started to have my heart change and realize, this is what God wanted us to do.

And one of the very first things we did is we brought back devotional in the mornings and we were able to spend the time we wanted to when they were up and about and ready. And because I work from home, because I have this flexible schedule. and even when I didn't, even when I was working other jobs, odd jobs, while I was trying to make the dream come true, and going to school and doing all these things, we still made it a priority. In fact, if I look back, I realized that my father and my mother,

we made this such a big, you know, priority for us. I remember waking up at 6 AM in the morning and having family scripture study devotional. And then I would go to school. Interestingly enough, I would be driven or drive myself as I got older to a, high school class that was actually not on campus, but off campus, where I would be studying scriptures in a morning devotional that we called seminary.

Dr. Travis Parry (14:00.92)
for high school students for four years, I didn't miss a single class for years. had perfect attendance. and that's a whole other story, but I valued that experience and it was little drip, little drop, little drip, little drop, but that was the legacy that my father really gave me this spiritual legacy. This embodiment of relationship with God has very much impacted who I am today. Very much probably the most important thing.

Um, so that said, I, I, I know I had that growing up and I know that was really, really focused on it in my family. Um, and I wanted that my own family and my wife did too. And she saw that in my family and we wanted this together. We wanted this as part of our family culture. So we spend, um, every morning, uh, no matter where our kids, you know, ages are, you know, if they're here at home, they're with us. We pray, we sing a song. Actually, we are very musical, talented, almost everybody plays piano, guitar.

Maybe a little violin, know, et cetera, ukulele, and, there's some other instruments we've tried out there, but we all sing together and we were asked to sing a lot at church, at other functions. people know that we have this ability. And so all 10 of us get up there and we sing and we love it. It's fantastic. so anyway, that's, this is part of our culture. We sing, we commune together through song, and then we pray. We kneel together as a family. The next thing we do.

is, we actually pull out our family mission statement. Now family mission statement really focuses on the values that we hold dear as our family. We've spent years revising, and, and looking at what values we want to espouse, right. As a Perry family. And so we actually have a mission statement that we say every morning as a family. yeah, it might be, you know, repetitive and people might think, that gets old.

It gets drilled into the psyche. It gets drilled in here. you know, critics call this brainwashing and I call it teaching. you teach correct principles and one day when they grow up, you hope that they hold on to them. Okay. it's definitely not brainwashing. It definitely is teaching with the word of God. The next thing we do is we open up our scriptures and wherever we have, you know, our, our plans in scripture, whatever scripture we're reading.

Dr. Travis Parry (16:26.732)
We focus next year is the old Testament. and we're really, you know, adamant about, following along wherever we're at, whether that's, you know, a plan or if we're just taking a topic and we're discussing it, that we focus on that. Now we have little kids, we have two year olds, we had a four year old. They don't really get a whole lot of that right now, but they begin to, and they begin to read. In fact, most of them have learned to read because of reading from scriptures.

We let them all read all their levels, whatever they can do, even if it's just copying us for a while. What we've also discovered though is those little ones, they need to have bite size bits. They need to have these stories. They need to know what it really is. So in the evening we do illustrated stories before they go to bed. We have prayer again, and then we read from illustrated stories. Why am I mentioning all this? This is a podcast about business and growth and legacy, but that's because number one are.

My, my, my spirituality is my number one priority. You can't say, I want to have a legacy for my children that I can look back on and say, man, I was able to take that to the next level and have it be just focused on money. Is money a big part of what I'm going to talk about my next book, a family financial freedom. Yes, it's huge. But if that's the only thing you focus on, you've missed the whole context.

His money is really just a stewardship. looking through the lens of spirituality, God has given us literally everything, everything. He asked us for very little back. He asked us to pay a tithing, a 10 % of what we earn and all tithe payers I've ever met. Man, were they happy, man. Were they grateful? Were they always loaded and rich? No, that doesn't guarantee wealth. It doesn't guarantee prosperity, but it does guarantee that you're always thinking about God first. In fact,

The other day, we, do something called tithing declaration with our ecclesiastical leader, our Bishop at the end of the year, every year. And we were sitting there with our family and, you know, our Bishop, our sweet Bishop does such a great job. He asked all of our kids like, are you, you you pay in your tithing? And then he asked some questions like, why, like what blessings have you seen? And my son, my 18 year old son, he, said, you know what? I'm excited to get my paycheck. He works hard.

Dr. Travis Parry (18:53.314)
This kid, if you don't know him, he is such a hard worker. He's re he's taking two cars right now and he's bought them. He's going to fix them and flip them. He's replaced, you know, everything, but the engine at this point, in his Jeep. If you're a Jeep guy, you understand he has a Ford Mustang that he's, you know, he's, done incredible work on, on, a lot, a lot of the parts of this car. And I'm teaching him how to drive stick. And it's been a whole lot of fun.

So I know his hard work. know that he's a phenomenal worker, whoever he works for. They love him. They love him. And they cry when he leaves. He's told me, but anyway, so I know how hard he works, but one thing that really struck me is that he's his explanation, man, he's, he's eloquent. He has words. uses them well. And

He actually said, you know, I really look forward to that paycheck. I really want, there's things I want to spend them on. And I know exactly what he's thinking about. He has car parts, he has breaks. He has, know, he has things, upgrades for his car that he wants to put in. and I know he's just waiting for it, but when he gets the opportunity, he's like, yeah, I got it. I need to pay tithing. And he pays tithing first. And there he says, the reason why I pay tithing first is says like, it really helps me focus on, yeah, everything comes from God period. End of story exclamation point.

Like he nailed it. Everything is just a stewardship. Nothing is really ours. Nothing. So one of the biggest things I want to bring into this next book that I'm hearing from so many people I interview, very successful people, people that have billion dollar businesses, people who are just starting off everything in between. I've heard that, you know, money truly to them when they really understand how this relationship is with them and God that it's a stewardship.

It's something that if they can really wrap their mind around it and remember how this legacy that they have built for their children, for their family isn't just wasted, right? Isn't just ruined. a lot of business owners I'm talking to, they're saying, you know, I've done a really good job of teaching my children very basic skills, very basic ways to manage money, to budget money. There is an error of the Rockefellers. It's been through like that, that, that,

Dr. Travis Parry (21:14.702)
generational wealth is now on the seventh generation unheard of. They've got some incredible things, which I'm going to talk about here in just a second. They have some credible things that they're working on that allow that family to not just blow their money. Okay. Which quite honestly usually happens second or third generation. If mom and dad have built it a lot of times kids, they just don't understand and they spend and they waste. They become entitled spoiled brats. Okay. Uh, interesting. was.

another side note, I was with my, mom last night at her place and we came to visit with our family and brought her some, some treats and stuff and just came to visit. And she was watching a movie that, really encapsulates this entire thing about legacy. Okay. and, it was about the spoiled, you know, entitled rich kid. And that when grandpa dies.

You know, he left him all this wealth, but he had to work for it because he knew that this kid had totally blown his like, but it's possible. And he was a grand kid that maybe he could turn his life around. He even, you know, he gave his kids like very minimal, aspects of as well. He's like, I want you to really learn this lesson. So if you're up for the challenge, great. And you know, spoiler alert, he is up for the challenge and he succeeds. So I, I'm not going to give you all the details, but I love this movie.

And I love it because it shows the willingness of a parent, grandparent in the situation to help build this legacy. He failed with his own kids. Um, but, uh, he was able to try with, with grandchild even after death. So it, a little bit of a, you know, um, far out there concept. I don't think you have to wait till you're dead. I don't think you have to wait till you know, your grandkids grow up. I think you can start now. What is it that you can do the spiritual legacy?

the health legacy that you leave, you know, in your business, that's a legacy. What have you done to help improve the world? What do you do to serve in the community? And of course the financial legacy. So one of the biggest questions I ask a lot of people in these interviews is how do you not entitle your children, but enable them to learn some of the same lessons that you've learned to become really wealthy.

Dr. Travis Parry (23:33.807)
And you know, most of them have said, you know, they're trying to teach them, et cetera. And you know, they're working at it. Um, but what are you, what are you actually doing with your children? Do you sit down and help them like parcel out their money? This is for tidings. This is for savings is for spending for, you know, saving up for different things. We do, we have done that forever and ever, never. I believe in a 10, 10, 80 principle for adults. Uh, for kids, it's a little bit more loose, like 10 % tithing, uh, you know, 45 % to save it and 45 % to spend.

Um, so you have something later, right? Um, or maybe even a 10 30, 30, 30, okay. Like short-term long-term savings and then spending. So however you do it, I kind of ratchet this up and from a 10 30, 30, 30 to a 10, 10 80, eventually 10 % tithing, 10 % saving 8 % living on. Um, and there's some that do 10, 20, 70, totally fine. Uh, but I love this concept because you got to teach your children what track they begin on financially. If they have a really good connection with God.

And they understand their relationship there and they understand their purpose and their priority. And that is a legacy. Right. But then to continue that in the money aspect, this is where a lot of the disconnect takes place. We focus a lot on spiritual, a lot on what God wants us to do. And then we think, money's bad. It's evil. And therefore I shouldn't worry about it. Right. Yet there are so many who are maybe in that realm, like they so much care about their financial legacy and they forget about the God part, the spiritual aspect.

There is a realm where both of these can exist. And that's what my third book is really going to focus in on. And I've already seen some incredible, you know, words of wisdom, some things that are learning from others out there who really are willing to share their knowledge. one of the biggest things I've learned, and I've shown this on the last couple of, you know, a few, few episodes these last three or four, where we've had experts on talking about family banking. Okay.

Family banking is one of the secrets that is worth sharing. This is how the rocker Rockefellers and the Vanderbilts and others have continued their legacy, specifically the Rockefellers seven generations. Well, what's a family bank? It is a system of family financial governance. It is a system of helping individuals pass on their legacy, pass on their values, even when they're long, long, long gone. Okay.

Dr. Travis Parry (26:03.682)
Now you hope that your kids carry on your legacy and you hope the grandkids and they're in your great grandkids. But how do you have a system? I am all about systems. And when I found the system years and years ago, realized, my goodness, my wife and I were already doing this. We're already laying out a family bank. already helping our children save up for, you know, their educational experiences, their mission experiences for, for the church service. We're helping them to save up for cars and for, you know, wedding like.

things that might help help in the help them for their future that we're obviously going to help them out a little bit with. Right. If we just provided everything, how do they learn stewardship? How do they learn hard work? How do they learn that everything belongs to God first? How do they learn about what their true purpose and passion is in life? You can be really devout. You can really have a great connection with God and you can even do

the morning devotionals and everything else, but if the pendulum swings too far to the right in the financial success arena and the children and grandchildren, great-grandchildren never make the connection with God, then they're gonna lose sight. They're gonna lose purpose. They're gonna lose connection. They may even lose family relationships. Okay, I've seen family relationships be disintegrated, destroyed because family members don't connect.

around God and so they disconnect from the family. It happens all the time. So how do you create that? Well, a family bank is part of this, not the whole thing, but it is part of it. And I do think it's a large part because you can create a family governance. You can have a board of directors like John Nebaker and I talked about in our previous, the previous episode. and, you can teach your children even after you're gone.

So there are a lot of millionaires billionaires who I talked to and they're like, yeah, yeah, I'm doing well. Like my kids will do it. I'm like, how old are they? they're 13, 15. Great. Now what if you died today? And you know, they, they inherit the wealth at 18. Oh my goodness. They're not ready. Of course they're not. What if they're 25? What if they were 35? What if they are 45? Is that really going to help them? If they get millions of dollars.

Dr. Travis Parry (28:20.938)
right away, or even stretch out over time, knowing that they've got these, you millions coming in. Is that going to change them? It absolutely can. Now some people say money is a great, you know, amplifier. It can be, it can be. And even if you've taught them correct principles, have they ever managed that amount of money in their life? Likely no. Likely, absolutely not. So some people are like, well, I'll just give everything away. I'm going to tell my kids, they're not getting anything. Yeah.

Yeah, they, yeah, that might work to some extent, but then you're just transferring the stewardship responsibility to someone else outside of the family. Instead of allowing your children to learn these lessons that could impact generations, seven plus generations Rockefeller's case study. Okay. So what good could they do? How could they positively impact the world and keep your legacy growing forever and ever and ever, never stopping. Okay.

So the family bank is a wonderful arena. And I will talk about this in the next book. absolutely. I'm going to talk about the legacy of an individual, the legacy of a family, the legacy and purpose that you have with your money. Okay. And how these interact with your priorities, which again, over and over and over again, all the business owners I ever work with spirituality is usually their top priority. How does God fit in this equation? How do you put him into this idea?

of building your legacy. Now what's awesome is because of this book, I've already, begun to build out some events. next year is going to be the year of events for Travis Perry. We've changed our business to the balanced growth incorporated. Make time Institute will always be the umbrella, you know, company, but balanced growth Inc is the advertising, you know, DBA.

And so I'm always going to be focused on the balance growth method of how to build wealth and how to grow it, but also how to preserve it. Okay. How do you use your family bank to preserve this family legacy? many who start a family bank will also be focused on preserving their own life stories. I've written several books. These are all business books. Okay. I've written, I'm working on some spiritual books that I'll, I'll, I'll be bringing out that have a family business slash.

Dr. Travis Parry (30:46.479)
legacy flare on them and that'll be so, so, so fun, but I've also been working on not one, not two, not three, but four, family histories. My grandparents who I've interviewed, were my dad's parents. my dad who died short, I didn't get a chance to interview him really at all, but I have his journals and so I'm preserving those and my great grandmother who from Denmark, didn't, she didn't immigrate. she stayed there her whole life.

And she has journals written in handwriting in Danish that I'm the only one in my family who can basically translate and read those into English. Okay. There are many who speak Danish and speak English very well. but this is my primary language, so I can take the Danish and I can interpret that, but it's a, it is a project. Why do I bring this up? I am very big in family history. I'm big in the connection between family because that is, that's who you find out who you are.

That's how you know who you are. In fact, just yesterday with some family history software, my 15 year old son found out that we were related to Joseph of Arimathea directly 58 generations back on our wealth side. Somehow we get related to Joseph of Arimathea. Who is he? Joseph was the rich man who donated his tomb to Jesus, the Christ.

That when I, when we found that out, just blown away. Like what incredible stewardship. This was a tomb, know, rich people had tombs, poor people had graves. you know, and this was fit for a king. Joseph begged for the body of Christ to pull him down off the cross. He was dead. he brought him into the tomb, anointed him with oil, prepared him for a king's burial, buried him before the Jewish Sabbath was over.

And Jesus sat in tomb there, and tell his resurrection on the third day, right? Where the angels brought forth the rock, the stone there rolled it forward and Christ was resurrected. And we have Mary and then Peter, and John who saw the risen Lord and then all the disciples and it just spread. Okay. Wow. Cool. Is that how cool is that to know that I descended for such an individual? What does that make me want to do?

Dr. Travis Parry (33:11.82)
It makes me want to live my life like him and like others in my family who I've come to love. So like my great grandma, like my grandparents, like my dad, you see how this works. So I believe really positively that it's not just about the money. It's not just about, you know, inheritance, the wealth, to give or not to give to receive, or even how to build a family bank that might help you and your family. But it's about connecting.

with these other people and it's about learning about their history and writing about their histories. It's a whole other story of reading, but man, when you have to write, when you have to do research and you've got to really plug into the things that they've experienced, it changes you and you have such a connection and a gratitude for it. So highly recommend it. And all of my clients who, who set up the family bank and go through that process, something that I call, balanced family legacy that they have this,

always have this desire to write a book that it's going to continue their legacy. Okay. so I'm writing several books that are going to do that for my family that I'm going to have not only for my ancestors, but eventually for me. Are you living a life that's worth writing about? Are you living a life that when someone writes your obituary, you're going to be able to stand tall and know that, you know, you lived a life worth talking about.

Are you connecting with your family as you're growing your business? So you're not losing your sense of balance and actually 10 X in your business growth by getting out of your business. Are you doing that? Are you focused now on building that family legacy, this family bank, this connection with God and with your relationships. This is what my book is really going to focus on as I'm talking this out for you in the podcast today, in this episode, the special episode, the solo cast.

Because I want you to be able to know how this will impact yourself, your generations, your family coming in the future. So I've got some events that I'm lining up and I'm going to be doing an event, early next year. I've got all the details here, not ready to, let you know yet. it likely it'll be first an online summit and then there will be several events throughout the year that will be marketing in person, in person events. Yay. They're coming back. I love it.

Dr. Travis Parry (35:36.559)
Um, I've done a lot of speaking on other stages and now I'm going to be building this out in person events that will talk to you about how do you build a family legacy? One of them will be on a cruise ship. I'm so excited to mention this one. Don't have all the details just yet, but we got approval of this, uh, no contract sign or details specified, but it will be in may. And I will let you know may of 2026, um, that we're likely headed off to the Bahamas.

And there are limited number of individuals who can join us there, but we will be talking about all these aspects of the book before the book's even published. Okay. The spiritual connection, your purpose, your health, your relationships, and your finances to build a family financial legacy, or just a family legacy to carry that on. Okay. with all these aspects, in addition, I have at the end,

of, well, the middle of this month, know, November is crazy. Cause we get to the end is Thanksgiving the week before. Okay. So the week before Thanksgiving, the 17th, 18th and 19th, I'm actually doing a live online challenge. So if you're trying to still grow that business without losing your balance, I'm here for you and I want to invite you to that. Okay. I will have the link here at the end of the podcast and I will give that to you right now, but you can go to balanced growth, Inc.

dot com forward slash challenge opt in forward slash challenge opt in balanced growth inc.com forward slash challenge opt in. So join us there. it's a three day I've, I've charged 500, 900 bucks for, for this type of training before I'm making this all a free why, because we're, we're kind of finishing off the events.

from this second book, Mary and grow rich. we're beginning events next year on family legacy. So super excited about this, but I'm dropping this for you. Um, you can join us for three days, an hour a day. We're going to go through the psychological relationship with money. We're going to also talk about productivity and balance. And then we're really going to, um, uh, jump in there to talk about your relationship with the, your spouse about money and then how to 10 X your business without losing this balance.

Dr. Travis Parry (37:58.681)
We can talk about all these concepts. Join us. It's going to be awesome. I'll have the link here below on my website, on the podcast. so excited to have you join us there. And again, a whole bunch of events coming next year. Cruz. we still have the, a Costa Rica event in February. So if you're interested in that, send me an email, Travis at Travis Perry with an a.com. And I will send you more details about that. We still have two.

or possibly three openings at this point, we will be talking about family bank on that one. We will be talking about family legacy. It's going to be amazing. Plus a ton of adventure in Costa Rica, surfing, snorkeling, hiking waterfalls and volcanoes, and soaking in the hot springs and just the beautiful vistas there in the jungle, along with the, you know, five minutes from the beach and a beautiful view of the ocean there in no Sarah Costa Rica.

So if you want to join us, if you want to learn more about family legacy, about, you know, helping to bring your wealth and your wealth of knowledge, your spirituality and a business acumen and the financial aspects to the next generations and not lose it. please join us. Some of these events, stay, stay in touch, reach out to me. If you have questions about anything, definitely, definitely join us for this last Marion grow rich event for this year.

the live challenge again, it's a balance growth, inc.com forward slash challenge opt-in and I'll have that link here. All right. This has been phenomenal. I'm so grateful. I have this opportunity, this microphone to let you know what I know, what have I experienced, how I've interviewed again, thousands of business owners to create these books, to give this knowledge back to you. I I'd love to help you. I'd love to see you at these events. I'd love to coach you if you need this help.

I love to give you the knowledge that I have through my books, through my, community, the courses I've created, everything, however I can help you. it's been such a pleasure and thank you for listening to the solo cast. And until next time, remember live life on purpose together.

Live Life On Purpose

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