Uncommon Sense: And Date Balls

A bi-weekly note that shares ideas and thoughts around family, finances, and food that your parents should have taught you.

Why It Takes a Tribe

Building a strong support system is essential, especially when it comes to raising children. I firmly believe that it takes a tribe of people with diverse skills and knowledge to nurture and guide our kids into becoming well-rounded individuals. Let me share a personal experience that exemplifies this concept.

I don't have much knowledge or interest in fishing or hunting, but my son is passionate about these activities. Recognizing this, I made sure to surround him with people who could share their expertise and passion with him. One such person is Clint, a close friend of mine and a skilled angler and hunter.

Recently, we were at the lake, and Clint took the time to teach my son how to use a Jon Boat and a trolling motor. While I could have learned these things from YouTube, having Clint there was invaluable. He's not just a friend; he's part of my tribe—a group of individuals who support and enrich our family life.

Clint's willingness to share his knowledge and mentor my son is a testament to the power of community and the importance of having a diverse network of people around us. Each member of our tribe brings something unique to the table, whether it's expertise in outdoor activities, cooking skills, or simply providing emotional support.

Raising children is a collective effort, and having a tribe means having a network of trusted individuals who contribute positively to our children's growth and development. It's about creating a village where everyone plays a role in shaping our children's lives and helping them discover their passions and talents.

Watch the full video on YouTube!

The Power of Hedge Funds

Curious about how billionaires make their money? So was I, until I discovered a common thread among them—hedge funds. But what exactly are hedge funds, and can they work for regular investors like us? Let's break it down.

Until about six months ago, I had little knowledge about hedge funds. It wasn't until I stumbled upon a newsletter from my friend Jared that I started unraveling this financial mystery. The newsletter featured names like Bill Gates and Elon Musk, and guess what? Hedge funds were mentioned repeatedly as a key factor in their wealth accumulation.

Hedge funds are like a special club where everyday people hand over their money to financial pros. Unlike regular funds that charge about 1%, hedge funds charge 2% upfront and take 20% of any profits they make for you. It sounds steep, but there's a reason why many billionaires swear by them.

Here's why hedge funds can be worth considering:

1. First, they're managed by seasoned professionals incentivized to grow your wealth aggressively.
2. Second, they often attract massive investments from institutions like universities and corporations, amplifying their market impact.

However, hedge funds come with a catch. Your money is locked in for a while, and you don't get to decide where it's invested. This setup isn't for everyone, but if you're willing to take some risks, hedge funds can be a powerful tool for growing your wealth.

Understanding hedge funds can give you the knowledge you need to make smarter investment choices. While becoming a billionaire might still be a stretch, knowing the strategies used by the wealthy can put you on a path to financial success and stability.

Watch the full video on YouTube!

What's Cookin'? Date Balls

Cook Time: 45 minutes

Ingredients:

• 1 (8 oz) package pitted dates, chopped
• ¾ cup white sugar
• ½ cup butter
• 3 cups crispy rice cereal
• 1 cup chopped pecans
• 1 tsp vanilla extract
• ½ cup powdered sugar

Instructions:

1. Add chopped dates, sugar, and butter to a saucepan over medium low heat.
2. Cook and stir until the sugar dissolves and the mixture combines and thickens. 
3. Remove from heat and fold in the crispy rice cereal, pecans, and vanilla extract until well combined.
4. Let the mixture cool for 10-15 minutes.
5. Roll date mixture into 1-inch balls and let cool. 

Prefer a how-to video? Catch it here!

Stuff I Bought This Week:

• What I use to shave my head
• Got this for the lake - It does a great job at cleaning off boots and shoes

Quote Of The Day: "Never settle into complacency." David Greene

Interested in learning more? Come hang out on our podcast Owners Table where I have conversations with successful owners from the boardroom to the dinner table. You can find it wherever you stream:

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Be blessed,

TC