EPISODE SUMMARY:
Please Join this week as we are joined once again by Sarah Magee, as we discuss Planning an family office and the transfer of generational wisdom
Biohacking, Strategic, Tactical, Wellness
Tune in for this empowering conversation at TalkRadio.nyc
00:00:44.190 --> 00:00:45.920 JACK THOMAS: Welcome to the happy spot.
00:00:46.790 --> 00:00:56.630 JACK THOMAS: This is Jack Thomas, like to welcome you to the happy spot. And today we're going to be talking about family offices with Sarah Mcgee and communication.
00:00:56.900 --> 00:01:01.790 JACK THOMAS: If you look over my right shoulder, it's a picture that I make reference to. It's from an artist
00:01:01.910 --> 00:01:06.439 JACK THOMAS: out of Brooklyn, and it looks almost as if it's different languages
00:01:06.530 --> 00:01:14.110 JACK THOMAS: or tools. I came from the tool business, and at the happy spot we look at how we can use different tools to make ourselves well.
00:01:14.700 --> 00:01:24.000 JACK THOMAS: Reason why we have Sarah Mcgee on Sarah is brand new to the concept of the family office, and she thought it was interesting. She has her own family.
00:01:24.470 --> 00:01:31.839 JACK THOMAS: And we're bringing the opposite method at the happy spot. We biohack different technologies, different techniques
00:01:31.860 --> 00:01:35.019 JACK THOMAS: in this scenario. We're not focused on the finance.
00:01:35.351 --> 00:01:40.959 JACK THOMAS: We recognize that there are professionals in the marketplace. They're doing their jobs and they're doing it well.
00:01:41.660 --> 00:01:48.169 JACK THOMAS: The area we see a problem in with the employer market are, the employees are not mentally well.
00:01:48.380 --> 00:01:58.850 JACK THOMAS: And so how do we right that if we're Ceos, we own these corporations, we have our own family. How do we have that oral conversation for it to come down?
00:01:58.880 --> 00:02:23.190 JACK THOMAS: And Sarah? So great having you on the team. Sarah comes from a more of an artist background, and we sit with a fair amount of young professionals. And one of the reasons why we're having the conversation today is that there's a generational difference between Sarah and myself. And so, having young kids, my kids force me to pay attention. That words, how I text
00:02:23.290 --> 00:02:24.770 JACK THOMAS: the communication.
00:02:24.880 --> 00:02:33.039 JACK THOMAS: So, Sarah great having you here today, and if you could just share some of your positive experiences that you've witnessed
00:02:33.394 --> 00:02:45.100 JACK THOMAS: cause. You sit on all the meetings with clients, centers of influence, attorneys privately held companies, families. So some of the things that you're taking away and enjoying and sharing with your own family.
00:02:45.450 --> 00:02:47.651 Sarah Magee: Yeah, thank you for having me, Larry.
00:02:48.290 --> 00:02:53.450 Sarah Magee: Some of the positive experiences I've taken away. There's been so many
00:02:53.900 --> 00:03:06.290 Sarah Magee: the smiles on people's faces when you when cause you're you're you're I know you don't like the word mission, but you often try to find a way to make people happy.
00:03:06.300 --> 00:03:07.719 Sarah Magee: and whatever
00:03:08.180 --> 00:03:11.579 Sarah Magee: context that is, whatever profession the person is in
00:03:12.255 --> 00:03:15.180 Sarah Magee: and so just seeing people's
00:03:15.890 --> 00:03:19.300 Sarah Magee: faces light up when you give them good news.
00:03:19.680 --> 00:03:24.910 JACK THOMAS: Yeah, well, but that's that's perfect. And so it's building upon that good news and that purpose.
00:03:25.298 --> 00:03:49.960 JACK THOMAS: Me, you and Emily. We talk every day on the different parts to the process, on the daily going through videos and seeing the successes we're having last week. Right? Jeff. Booker. Right he was he. He was just fantastic in the cannabis market and the plant growth and the information that's out there, and he's representing so many other families. So at the happy spot
00:03:50.040 --> 00:04:10.720 JACK THOMAS: strategic planning. So the way I like to describe strategic and tactical to people that are in the financial world is someone I'll have a strategic. That's my financial plan on what I do with my money, and then the tactical is, I put it into a stock, a bond, an etf some type of a vehicle.
00:04:10.760 --> 00:04:21.510 JACK THOMAS: And so that's what we're doing here is providing the strategic. And there are 3 main steps, and we have it here in our chat, and it's mastering clear communication.
00:04:21.800 --> 00:04:31.550 JACK THOMAS: So clear communication. It's just great practice. I'm 58. You're in your mid. 30 S. And then, Emily, 25, which I know that she's listening and smiling.
00:04:34.050 --> 00:04:50.699 JACK THOMAS: keeping it simple. A technique that we use. Right? So I'll I'll I'll pose a thought out there that we're gonna provide on etiquette discipline in the family office. And then Emily will ask a question. You'll ask a question cause. These are some new concepts.
00:04:50.850 --> 00:04:53.990 JACK THOMAS: So they technically like to use is called, and one.
00:04:54.490 --> 00:04:55.190 Sarah Magee: Yes.
00:04:56.230 --> 00:05:01.370 JACK THOMAS: So so describe an example of what an add one looks like, because it's easy communication.
00:05:01.580 --> 00:05:02.660 Sarah Magee: Okay. So
00:05:03.040 --> 00:05:07.190 Sarah Magee: yeah, so we're discussing something and
00:05:07.430 --> 00:05:11.320 Sarah Magee: some. And we talk about it for a little while and
00:05:12.170 --> 00:05:26.980 Sarah Magee: come across something that may not be related. But it's interesting to us, kind of to say, and one because we kind of want to bring it back to the conversation, and maybe put it, put it off for later for a different discussion. Just kind of stay on track with what we're doing.
00:05:30.550 --> 00:05:32.089 Sarah Magee: And I think it's a it's a
00:05:32.170 --> 00:05:34.270 Sarah Magee: basketball term, right?
00:05:36.130 --> 00:05:39.250 JACK THOMAS: Yeah, so so it it it is. And so
00:05:39.260 --> 00:05:42.410 JACK THOMAS: we, we, we try to use terminology that
00:05:43.280 --> 00:05:48.319 JACK THOMAS: the state, the Internet's a little unstable. So we try to use terminology
00:05:48.767 --> 00:05:52.190 JACK THOMAS: that would be relevant in in everyday speech.
00:05:53.520 --> 00:05:55.570 JACK THOMAS: So you're looking a little frozen there.
00:05:55.730 --> 00:05:56.400 Sarah Magee: Oh.
00:06:01.500 --> 00:06:03.159 Sarah Magee: Don't know how to fix that.
00:06:04.620 --> 00:06:05.480 Sarah Magee: C.
00:06:09.660 --> 00:06:11.210 Sarah Magee: Can you hear me? At least?
00:06:17.540 --> 00:06:19.700 Sarah Magee: Can you hear me? At least, Larry.
00:06:19.700 --> 00:06:21.610 JACK THOMAS: Yup, I can hear you. Yup, where?
00:06:21.790 --> 00:06:25.470 JACK THOMAS: So we're we're back. That's Internet at its best.
00:06:26.040 --> 00:06:27.320 Sarah Magee: Okay. Awesome.
00:06:27.590 --> 00:06:31.183 JACK THOMAS: Yup. So E Internet at its best. So coming back to
00:06:31.610 --> 00:06:35.399 JACK THOMAS: right technology where we just got knocked off. And
00:06:35.800 --> 00:06:37.830 JACK THOMAS: you know, in this environment.
00:06:40.840 --> 00:06:46.249 JACK THOMAS: I will candidly say, I struggle with the technology aspect.
00:06:46.360 --> 00:06:47.709 JACK THOMAS: right? Because
00:06:48.150 --> 00:06:49.823 JACK THOMAS: again, generational
00:06:51.490 --> 00:07:03.809 JACK THOMAS: in trying to keep it simple. But yet boom technology just knocked it off, accepting and being appreciative right of. We come back because it was just a 2 second outage. We're back right here
00:07:03.850 --> 00:07:08.909 JACK THOMAS: and to answer your question, and one so yes, language
00:07:08.910 --> 00:07:34.439 JACK THOMAS: right? And so in the sports arena right? If a fair amount of guys, even the gals right you you look at. And one means if you're fouled and you get and one more shot. So the end one is, you've asked a lot of questions, and one is enough. Let's get back to where we were and and having smile with it. So in the family office, that is, that is really, you know, keeping it simple.
00:07:34.630 --> 00:07:46.460 JACK THOMAS: real world example, we just use the and one essential communication skills. So this is interesting clarity and brevity. So I have a old client, Jay Britchki, JI had to say your name.
00:07:46.820 --> 00:07:55.690 JACK THOMAS: JJ. Was the most poignant man point to to his point, and every time he looked at me, just say brevity, just
00:07:55.910 --> 00:07:56.830 JACK THOMAS: brevity.
00:07:57.410 --> 00:08:02.791 JACK THOMAS: a. A. And and I do appreciate cause I I can go a little while.
00:08:04.270 --> 00:08:14.520 JACK THOMAS: but teaching that skill set and that etiquette today, I was just having breakfast this morning with an attorney who has young people that work for him, and
00:08:15.480 --> 00:08:24.809 JACK THOMAS: how we were trained to learn information. We're being told it's different for your generation in the corporate work environment.
00:08:25.140 --> 00:08:26.150 Sarah Magee: Really.
00:08:26.470 --> 00:08:26.790 JACK THOMAS: Miss
00:08:28.150 --> 00:08:33.899 JACK THOMAS: people in the quote, right? So you haven't been privy to those conversations. But sitting there going
00:08:34.845 --> 00:08:37.520 JACK THOMAS: there's an expectation your generation has.
00:08:38.172 --> 00:08:41.468 JACK THOMAS: That is different from the expectation we have.
00:08:42.010 --> 00:08:52.370 JACK THOMAS: I'll I'll leave that for another time. Some key phrases. So key phrase that we've been using right so, and one was a key phrase. Another key phrase that was new to me was body doubling.
00:08:54.240 --> 00:09:17.009 JACK THOMAS: So Emily taught us that word. M. Emily is neurodiverse. We, we think everybody's neurodiverse at some point. And so you could Google body doubling? So but for the moment, here, body doubling is when you're looking at somebody, and it forces you to have to focus your thoughts and your attention. And that's what we're doing here on the podcast providing information
00:09:17.030 --> 00:09:39.230 JACK THOMAS: while you're on the other side and body doubling. So these are some of the new things that we're seeing in family offices. It seems like everybody has something going on. And Sarah, when you were in school, how many different people had peanut allergies or ailments in school? In, you know high school, you lived in a very open suburban.
00:09:39.970 --> 00:10:00.740 Sarah Magee: Yeah, you know, Peanut Allergies, I don't remember it being as big of a thing growing up as it was when I became account camp counselor in high school, and it was like peanut no peanut, no peanut, no peanut anywhere. So I don't remember it being so big of a of a epidemic. But you know.
00:10:01.060 --> 00:10:03.259 JACK THOMAS: But but you noticed it years later, when.
00:10:03.260 --> 00:10:04.930 Sarah Magee: Later, absolutely
00:10:04.950 --> 00:10:08.640 Sarah Magee: as a cam council. Maybe I was a little bit more in tune with what was going on.
00:10:09.410 --> 00:10:18.050 JACK THOMAS: And and and from our generation we we, Joe. I think there was one kid in our grade, 4th grade, 5th grade that had a peanut allergy, and
00:10:18.060 --> 00:10:19.860 JACK THOMAS: you know what's switched.
00:10:20.000 --> 00:10:35.231 JACK THOMAS: So in family offices there's certain expectations of behavior that's handed down from father to mother and expecting children to follow, knowing that they don't follow everything, the etiquette discipline of a family office.
00:10:36.640 --> 00:10:42.281 JACK THOMAS: i i i'll I'll throw this this one out here. I think we're gonna come up to break in a moment.
00:10:43.000 --> 00:10:53.480 JACK THOMAS: I was talking with a couple of fathers this week, and I threw this out to them, and each one had set it to their own son. And this is when people are really trying to make their point
00:10:53.590 --> 00:11:00.310 JACK THOMAS: is telling their kid. I love you, and I'll always love you, but it doesn't mean I have to like you.
00:11:01.840 --> 00:11:03.499 JACK THOMAS: And I had
00:11:03.930 --> 00:11:08.250 JACK THOMAS: 2 different families. That conversation and I was like that. That's tough.
00:11:08.410 --> 00:11:25.379 JACK THOMAS: That's that's tough stuff, that. But you know that's an etiquette that that's important to that family, and that resonates. So when we're brought in, our job is to make sure that that is part of the theme, and an expectation of how how that carries through
00:11:27.710 --> 00:11:32.839 JACK THOMAS: which which brings us to the concept of the health insurance and financial planning.
00:11:33.280 --> 00:11:48.389 JACK THOMAS: So conversations that come into play with people. It starts off. There's really 2 big things right in life. What are your dreams. What are your vision? You go to school, or if you don't go to school, you're told, go open a business, go, but go live your dream.
00:11:49.380 --> 00:11:53.320 JACK THOMAS: so doing the numbers and crunching the numbers on that
00:11:53.390 --> 00:12:13.479 JACK THOMAS: key key part of a family offices. We don't do that work, but we are advising people that for you really to move ahead, you you have to have it. So. Here's a real life example that my own daughter, right 28. She graduated school, and she had her 1st job offer and
00:12:13.814 --> 00:12:16.369 JACK THOMAS: she was just happy to get a job offer.
00:12:16.640 --> 00:12:21.429 JACK THOMAS: but what we did was we did an exercise of saying, if you had your dream purpose.
00:12:21.590 --> 00:12:23.898 JACK THOMAS: you know what is rent.
00:12:25.130 --> 00:12:29.345 JACK THOMAS: what the you wanna do, yoga? So if you wanna do yoga
00:12:29.920 --> 00:12:38.890 JACK THOMAS: in a real life example is, she wanted to go to a studio, and it was gonna cost a hundred dollars a month, but she only had a dollar 99 because she was gonna use an app.
00:12:40.070 --> 00:12:43.820 JACK THOMAS: So creating that space for yourself in a family office.
00:12:44.271 --> 00:12:46.620 JACK THOMAS: Excuse me. And in the creation.
00:12:46.760 --> 00:12:50.079 JACK THOMAS: the expectation is you're gonna self manifest that.
00:12:51.210 --> 00:12:56.450 JACK THOMAS: So those are some of the conversations that we get to have on on those types of things.
00:12:57.330 --> 00:13:02.459 JACK THOMAS: So in the health insurance world, you watch what we're doing with Matt and the Rx card.
00:13:03.310 --> 00:13:04.160 Sarah Magee: Yes.
00:13:04.498 --> 00:13:10.251 JACK THOMAS: And so it seems, people are resonating. It's a it's a it's a game changer. So
00:13:11.900 --> 00:13:25.540 JACK THOMAS: any any feedback on some people that you've seen on on our exchange, on the Rx. Card which we use at the happy spot. Everybody at the Happy Spot is going to get access to a health advocate, and they're going to get access to their own therapist.
00:13:25.540 --> 00:13:44.620 JACK THOMAS: And that starts at the beginning within our family office. Our expectation is, we already know there's a level of stress beyond, and we'll have an outside 3rd party. So you can share that information. That doesn't mean you're gonna stop your open dialogue with your working personnel, but it's coaching people and giving them a comfort zone.
00:13:45.505 --> 00:13:46.030 JACK THOMAS: So
00:13:46.390 --> 00:13:47.080 JACK THOMAS: just.
00:13:47.330 --> 00:13:51.939 Sarah Magee: Yeah, you know, I've never met actually met Matt in person or over zoom
00:13:52.301 --> 00:14:03.538 Sarah Magee: but I can tell you from the perspective of what your daughter was doing with planning her dream purpose. I have magnesium on my list, and that covers that. So I'm pretty happy about that.
00:14:04.210 --> 00:14:09.379 Sarah Magee: That magnesium's covered and so, you know, it's really fulfilling that purpose
00:14:09.560 --> 00:14:11.179 Sarah Magee: for me personally.
00:14:12.050 --> 00:14:15.919 JACK THOMAS: That is great. I just started on magnesium myself.
00:14:16.640 --> 00:14:42.540 JACK THOMAS: so something that we use at the happy spot. You can go out to Jack, Thomas and Linkedin, and you can get the remedy. And so the remedy is using that in lieu of going to a doctor we will come back to that in a moment. I have Sarah Mcgee. We're at the family office, and we're talking about everything in your wellness, and we'll be right back. Jack Thomas at the happy spot. Be right back. Thank you.
00:16:57.000 --> 00:17:03.230 JACK THOMAS: Welcome back to the happy spot. This is Jack Thomas. I have Sarah Mcgee today, and we're discussing family offices.
00:17:03.710 --> 00:17:07.670 JACK THOMAS: So for Sarah in our conversation on family office.
00:17:07.869 --> 00:17:12.969 JACK THOMAS: She doesn't come from the financial world, she thought. It was interesting of the work we're doing.
00:17:13.579 --> 00:17:22.989 JACK THOMAS: And I explained to her, it's the opposite of what is recognized in the traditional market people that are in the 1 billion dollar categories and now scaling down.
00:17:23.329 --> 00:17:31.999 JACK THOMAS: they want their own private investment team, and they have enough money and they can control their investments. It's a political move sometimes.
00:17:33.130 --> 00:17:35.240 JACK THOMAS: But if you have the money they can do it.
00:17:35.360 --> 00:17:47.880 JACK THOMAS: The area we focus on is the opposite, and the opposite is, they all want an oral heritage to come down. And so it's in front of our faces every day we're living it. We don't know it.
00:17:48.311 --> 00:17:52.389 JACK THOMAS: So that's what we're going through is just kind of the everyday things that happen.
00:17:52.490 --> 00:18:03.739 JACK THOMAS: And I say, we represent the everyday people living extraordinary lives, and where we're gonna pause for a moment is navigating health insurance and financial planning. And I'm gonna come down there was an article. There's a
00:18:04.110 --> 00:18:07.280 JACK THOMAS: very well known law firm in New Jersey.
00:18:08.670 --> 00:18:12.710 JACK THOMAS: I don't know. Can you see this screen, Sarah? I know that you're on mute before.
00:18:16.890 --> 00:18:18.820 Sarah Magee: I can't see the screen. No.
00:18:19.180 --> 00:18:19.970 JACK THOMAS: Okay.
00:18:21.080 --> 00:18:22.230 JACK THOMAS: let me see.
00:18:23.690 --> 00:18:26.050 JACK THOMAS: I put it in the chat room.
00:18:27.430 --> 00:18:34.400 Sarah Magee: Oh, on this. Yes, I can see it on my screen. I just can't see it through our shared screen.
00:18:35.070 --> 00:18:36.009 Sarah Magee: Now I can.
00:18:39.440 --> 00:18:42.419 JACK THOMAS: Yeah, let me just try and get into that article, because
00:18:42.830 --> 00:18:44.239 JACK THOMAS: I think it's pretty
00:18:44.570 --> 00:18:47.330 JACK THOMAS: apropos to everything we're talking about.
00:18:57.050 --> 00:19:05.030 JACK THOMAS: So this is the article about Fryer Levitt secures a landmark. 20 million dollars trial against care, mark
00:19:06.240 --> 00:19:11.559 JACK THOMAS: recovering 100% of fees, interest and attorney fees.
00:19:11.930 --> 00:19:22.910 JACK THOMAS: So now I haven't read through this whole thing. I just know Prior and Levitt are a huge law firm. This is a public article that is out there about healthcare and
00:19:22.960 --> 00:19:29.700 JACK THOMAS: 22 million dollars against care mark, which is basically, let's read down here. It says
00:19:29.810 --> 00:19:44.340 JACK THOMAS: Caremark. So on behalf of New York, cancer and blood specialists, they obtained a Federal court confirming an arbitration award that criticizes one of the Cbs's most secretive and lucrative programs.
00:19:45.270 --> 00:19:45.970 JACK THOMAS: Wow.
00:19:47.390 --> 00:19:51.149 JACK THOMAS: wow! So this is New York
00:19:51.420 --> 00:19:53.470 JACK THOMAS: right? This is like
00:19:53.670 --> 00:19:59.260 JACK THOMAS: when we hear all the major cases. There are certain parts of the country in Texas.
00:19:59.410 --> 00:20:07.849 JACK THOMAS: parts of California, New York, 22 million dollars on health care. So why, that's important is we're in a shift.
00:20:08.720 --> 00:20:14.680 JACK THOMAS: It's a 50 year shift, and we've talked about that. So now, all of a sudden, where we watched
00:20:14.730 --> 00:20:16.100 JACK THOMAS: all of these great
00:20:16.770 --> 00:20:20.179 JACK THOMAS: drug companies and everything going for people's wellness.
00:20:20.450 --> 00:20:25.920 JACK THOMAS: Now, all of a sudden, the big one of the big distributors just major lawsuit.
00:20:26.030 --> 00:20:29.050 JACK THOMAS: So it goes back to on the health part
00:20:31.580 --> 00:20:46.630 JACK THOMAS: navigating. That's been so hard for the human beings, because we follow what the doctors are saying. But we're all not getting our success. And we're looking for alternative ways. That's why I talk radio. Nyc, we're seeing great
00:20:46.983 --> 00:21:08.569 JACK THOMAS: success in our presentations. And what's going on. We saw the cannabis, the plant growth movement last week. We had huge increase. So people are in search of this wellness, and we're just grateful we could be part of sharing that out there. So key part, I say, to people, health insurance, we've talked about this with other people, Sarah.
00:21:08.800 --> 00:21:13.960 JACK THOMAS: try and not focus on whether your health insurance is going to pay for it or not. Try and see
00:21:13.990 --> 00:21:24.469 JACK THOMAS: before you go to the doctors. Can you go take an aspirin. Can you get this free remedy? Can you budget an acupuncturist? Can you budget a therapist?
00:21:24.520 --> 00:21:29.060 JACK THOMAS: Then go to the healthcare and say, see how to pay for it.
00:21:29.230 --> 00:21:52.279 JACK THOMAS: But 1st lay out the plan. That's what Dr. Donna, our chief medical officer, gave for us as an outline. Lay out the plan. We give it away for free. But don't get caught up on the expenses, because that's where people get stuck, and we know that it's going to be a situation, but at least have the plan laid out, and then you can pick and choose where to spend your money taxes.
00:21:53.000 --> 00:21:56.068 JACK THOMAS: You know this is something when I was younger.
00:21:56.660 --> 00:22:01.249 JACK THOMAS: you know, we were always taught to kind of work around taxes the way the tax systems are done today.
00:22:01.879 --> 00:22:03.559 JACK THOMAS: You have to pay your taxes
00:22:03.931 --> 00:22:16.960 JACK THOMAS: you could work on tax planning. And at the happy spot we target large corporations, 100 million or better and do sophisticate tax planning. But all your other personal planning speak with your accountant.
00:22:17.446 --> 00:22:21.879 JACK THOMAS: But don't allow it to be all of your health decisions, savings and advisors.
00:22:22.447 --> 00:22:37.509 JACK THOMAS: That's my past life. I used to do that. Some a big proponent of it find that right person. That is not your father, your mother right, but somebody who is every day doing the job that you do trust.
00:22:37.720 --> 00:22:41.960 Sarah Magee: And that goes into saving for your health as well. Correct.
00:22:41.960 --> 00:22:44.690 JACK THOMAS: A 100%. So great question. So
00:22:44.910 --> 00:22:49.149 JACK THOMAS: what would be an example like from saving for your health? Even even.
00:22:49.470 --> 00:22:50.070 JACK THOMAS: yeah, go ahead.
00:22:50.070 --> 00:22:50.970 Sarah Magee: Rather
00:22:52.850 --> 00:22:58.439 Sarah Magee: cancer alternative cancer treatment that, you know, can't be covered by insurance needs to come out of pocket.
00:22:58.650 --> 00:22:59.510 JACK THOMAS: Sure.
00:22:59.910 --> 00:23:02.879 JACK THOMAS: so have you ever spoken with Mr. Mueller?
00:23:03.820 --> 00:23:05.280 Sarah Magee: I don't believe so.
00:23:05.280 --> 00:23:07.699 JACK THOMAS: But have you heard me make reference of Mr. Mueller?
00:23:07.700 --> 00:23:09.140 Sarah Magee: Sounds, very familiar.
00:23:09.370 --> 00:23:12.819 JACK THOMAS: So he. So he's a he's a client who's a cancer survivor.
00:23:13.610 --> 00:23:21.329 JACK THOMAS: And so I love this story. I I want to get Anna. She's a real personality, Anna Muller's wife.
00:23:21.390 --> 00:23:44.319 JACK THOMAS: We were sitting, he owned a large order dealer group, and his health insurance was expiring, and he was considering on saving premium and not buying the best plan. And we talked about, and he decided he bought the best plan, and she called me her guardian angel, because 6 months later he was diagnosed with stage 4 skin cancer went to when nyu
00:23:44.854 --> 00:23:51.640 JACK THOMAS: special cancer treatment. And because I had spoken up on that day, hey? Just, you know.
00:23:51.830 --> 00:23:56.600 JACK THOMAS: not your health. He was able to get. He was able to afford that plan.
00:23:56.600 --> 00:23:57.750 Sarah Magee: That's beautiful!
00:23:57.900 --> 00:24:27.079 JACK THOMAS: And and so, being cold once guardian angel, you know the conversation in the lesson is having those conversations ahead of time. So sometimes in the family office. The hard part is, she's getting up there. She's gonna be 80 years old nursing home. No nursing home. She gonna live with you but as families having those conversations ahead of time, and ones that have wealth right can figure out once to do, and ones that don't have wealth. You still figure out what to do.
00:24:27.800 --> 00:24:30.429 JACK THOMAS: and I I work in both
00:24:30.580 --> 00:24:45.829 JACK THOMAS: the State of New York and New Jersey and family. The States provide different laws and rules. So having those conversations ahead of time, quite often we see people scrambling at the last minute. And it's not always serving the family best.
00:24:47.380 --> 00:24:48.190 JACK THOMAS: Yeah.
00:24:49.000 --> 00:24:51.039 JACK THOMAS: that's sometimes a little hard
00:24:51.770 --> 00:24:54.860 JACK THOMAS: health is priceless. I love that. So
00:24:55.840 --> 00:25:01.280 JACK THOMAS: that was a conversation we were having today. Priceless on health.
00:25:03.340 --> 00:25:07.149 JACK THOMAS: So what does what does health priceless, look like to you?
00:25:08.000 --> 00:25:09.319 Sarah Magee: It means
00:25:09.420 --> 00:25:12.860 Sarah Magee: there's nothing more valuable in life than your health.
00:25:14.470 --> 00:25:16.749 Sarah Magee: Just know absolutely nothing else.
00:25:18.070 --> 00:25:19.109 JACK THOMAS: That is graded.
00:25:19.110 --> 00:25:24.740 Sarah Magee: You know the saying, health is wealth is one thing, it's just. It's priceless.
00:25:25.810 --> 00:25:32.290 JACK THOMAS: That is, that is great. And we we were having the conversation in with someone about their healthcare and
00:25:32.340 --> 00:25:35.899 JACK THOMAS: the expense of it. And then some of the alternative health
00:25:36.070 --> 00:25:39.699 JACK THOMAS: suggestions may cost them an extra $200 a month.
00:25:40.050 --> 00:25:55.180 JACK THOMAS: but they said earlier their life was priceless, but they didn't want to stop spending for that other 200. And so it's being that body doubling conversation of that sounding board going through that family health conversation.
00:25:55.360 --> 00:25:59.530 JACK THOMAS: People say, you know, is this like coaching? And the and the answer is, no.
00:26:00.690 --> 00:26:21.130 JACK THOMAS: the answer is, no, we're we're we're a sounding board. People still are working with their coaches. We're just strategically touching all the different topics that go through here right managing the cost. They're going to have a financial advisor, or they're managing an accountant, but there'll be somebody from a technical professional place managing it
00:26:21.540 --> 00:26:26.189 JACK THOMAS: using health insurance. Just gave that example right? With the past example of a client.
00:26:26.360 --> 00:26:27.110 JACK THOMAS: I'll
00:26:27.740 --> 00:26:36.649 JACK THOMAS: you know the health insurance world people really have to start getting a better handle on in family offices as well. The deductibles are becoming so high
00:26:36.970 --> 00:26:38.360 JACK THOMAS: that having
00:26:38.450 --> 00:26:41.679 JACK THOMAS: a cash savings like we talked about earlier
00:26:41.720 --> 00:26:44.270 JACK THOMAS: within that family office. Because,
00:26:44.810 --> 00:26:55.279 JACK THOMAS: you know, personally, I've had a family that had ailments and illnesses that were not covered in our deductible at the time, I think was about $15,000. So
00:26:55.742 --> 00:27:07.139 JACK THOMAS: you know, it's a surprise. I don't even care if you have money. $15,000 is still a lot of money just to be one expense. So really kind of putting that into play would be an example.
00:27:07.150 --> 00:27:09.360 JACK THOMAS: But we're about to go to break in a moment.
00:27:09.450 --> 00:27:16.940 JACK THOMAS: So I am going to say, this is the happy spot Jack Thomas Sarah Mcgee. Thank you so much, and we will be right back.
00:29:22.710 --> 00:29:35.250 JACK THOMAS: Like to welcome everybody back to the happy spot. This is Jack Thomas, with Sarah Mcgee, and we're talking about the family offices and the scenarios that we see. And in the opposite approach it's on the mental wellness
00:29:35.840 --> 00:29:52.029 JACK THOMAS: and having the conversation going through some of the areas we've not talked about today. It's about the tools and the senses. So this is a fully integrated behavior approach. Today, we're just talking about the high level strategic conversations.
00:29:52.040 --> 00:29:56.279 JACK THOMAS: So Sarah, when we talk family office?
00:29:57.350 --> 00:30:11.550 JACK THOMAS: you know, from this high level. Wh, what do you? What do you think would be one or 2 topics from your generation. And you know, being in the mid thirties that would be of importance or interest to people, you know, that are
00:30:11.720 --> 00:30:19.409 JACK THOMAS: trying to figure out. What's what's that family office look like? What are some of the benefits that you've seen? Some of the younger people receiving?
00:30:19.970 --> 00:30:21.770 JACK THOMAS: And I know I'm putting you on the spot.
00:30:27.920 --> 00:30:30.500 Sarah Magee: I think. You know.
00:30:30.720 --> 00:30:32.340 Sarah Magee: communication
00:30:32.620 --> 00:30:33.510 Sarah Magee: in
00:30:33.730 --> 00:30:50.890 Sarah Magee: talking about finances, you know, it may be like it may be a new. I'm 30, my thirties. So somebody in their twenties and thirties, they may may be new to talking about finances with their partner. They may just be entering a relationship, you know I don't know, but
00:30:51.920 --> 00:30:54.880 Sarah Magee: have be having ways to
00:30:55.080 --> 00:30:57.300 Sarah Magee: align your goals
00:30:57.750 --> 00:30:59.930 Sarah Magee: and breakthrough conflict.
00:31:01.337 --> 00:31:09.939 Sarah Magee: I know some financial some family offices will offer psychological services. I think I've read
00:31:11.100 --> 00:31:13.090 Sarah Magee: I don't know if that, you know.
00:31:13.200 --> 00:31:14.380 Sarah Magee: counts here.
00:31:15.120 --> 00:31:20.660 JACK THOMAS: Well, let so. But let's talk about that. So we're aggregators of that type of service.
00:31:20.690 --> 00:31:27.039 JACK THOMAS: So the answer is, they would get access to the Rx card, which would be the mental wellness card.
00:31:27.040 --> 00:31:27.840 Sarah Magee: Yes.
00:31:28.730 --> 00:31:49.500 JACK THOMAS: So so right? So the the the part of our services are not directly going. Oh, we do that. It's the overall holistic, the integration, and we start off that way within the family office, and though we we differentiate ourselves, I think Emily summed it up so well. Saying I was the 1st one bringing that
00:31:49.500 --> 00:32:05.478 JACK THOMAS: European wellness model. But using the year, the U U.S.A. techniques and so using tax planning that Ceos are going to get corporate tax benefits so that they can then buy the wellness benefits for their employees.
00:32:06.660 --> 00:32:23.970 JACK THOMAS: And you know there's a lot of little nuances that sit around that. But that's at the captive planning at the high level of those corporations, and you know, sometimes people go. I never heard of this before, but this has been going on for over a hundred years. Different corporations. And it's a size and scope
00:32:24.150 --> 00:32:42.680 JACK THOMAS: the part we're talking about the family office. It's that same etiquette that Ceos of these privately held companies also want their Am. Family to follow and order. And so the order that we set up it's an etiquette based upon what the corporation wants. It's a culture change the families. It's the culture change.
00:32:42.680 --> 00:32:48.749 Sarah Magee: So what is the etiquette between? You know new families talking about their finances? How do you
00:32:48.910 --> 00:32:53.759 Sarah Magee: make that? A polite, productive, wonderful conversation.
00:32:54.390 --> 00:32:58.279 JACK THOMAS: It's it's it's it's always polite, and it's always productive.
00:32:58.370 --> 00:33:00.249 JACK THOMAS: And so I go first.st
00:33:00.270 --> 00:33:18.699 JACK THOMAS: And I say, when I 1st got married, the financial plan I was given was from my father, which was from his father, which was generations ago, which was a cash business, and then sometime in the eighties, when computers and technology, it washed away that whole etiquette. I had been taught.
00:33:18.700 --> 00:33:19.420 Sarah Magee: Hmm.
00:33:20.320 --> 00:33:21.030 JACK THOMAS: And
00:33:21.680 --> 00:33:27.569 JACK THOMAS: the woman I was married to came from a whole nother etiquette in how money worked, and that had changed.
00:33:27.770 --> 00:33:28.720 Sarah Magee: Yes.
00:33:28.910 --> 00:33:33.280 JACK THOMAS: And nobody really ever had the conversation with us. So we we kind of just
00:33:33.530 --> 00:33:38.720 JACK THOMAS: mashed up whatever we thought was right, based upon old techniques.
00:33:39.540 --> 00:33:47.850 Sarah Magee: So you kind of lucked out, and that you were both aligned, even though you're coming from different places, different backgrounds, different etiquettes, you still
00:33:48.270 --> 00:33:51.950 Sarah Magee: you still found that commonality.
00:33:52.140 --> 00:33:55.769 JACK THOMAS: Our commonality is what we clash. We both didn't know what we didn't know.
00:33:55.770 --> 00:33:56.819 Sarah Magee: I love that.
00:33:57.187 --> 00:34:01.592 JACK THOMAS: It was just a complete clash like, spend money on what
00:34:02.730 --> 00:34:04.975 JACK THOMAS: you wanna save money on? What
00:34:05.970 --> 00:34:27.749 JACK THOMAS: a a a. And I think that is the nature of every relationship. But I I will say the secret to the success that I had learned over time. I was trained it in the past. What what I do to my children is really the etiquette where you want to kind of start, and that was the scenario of tying the value of what they want their lifestyle to be that they're paying for
00:34:27.750 --> 00:34:37.179 JACK THOMAS: as couples. There is no secret solution outside of. I made mention right to other people. Get in that 3rd party. Don't do it yourselves.
00:34:37.179 --> 00:34:40.220 JACK THOMAS: That's really don't do it yourselves, because
00:34:40.219 --> 00:34:52.269 JACK THOMAS: the double it just creates a conflict. Well, you know, I want that well, and you know he wants that. And where does that middle ground? That 3rd party can help lay out that foundation in that middle of the ground.
00:34:53.536 --> 00:35:03.869 JACK THOMAS: And and I say to people, this is what I did for my kids. And this is what you know. When Karen, I were married, what we had to learn to do, which ultimately I was trained on how to do it.
00:35:04.130 --> 00:35:11.269 JACK THOMAS: and and I will share one little secret. I did have one family come in, and they came from the Vatican church
00:35:11.370 --> 00:35:35.459 JACK THOMAS: like, not from the Vatican, but they came from a Roman Catholic church. It was very regimented, very organized. They had very good financial questions, cause they were being taught that within their church they needed to go do this. And so I just found their question so poignant, and they're still moving forward together. And as a courtesy I'm not gonna say their name, but just a great, a great family. And I think if
00:35:35.970 --> 00:35:39.619 JACK THOMAS: again, more religions put it out there. It would
00:35:40.420 --> 00:35:43.270 JACK THOMAS: create a more cohesive conversation.
00:35:43.860 --> 00:35:52.539 JACK THOMAS: so relationships don't get down the road. And after the big wedding and the big party, and it's like, All right. Well, now, pay for it. Well.
00:35:52.780 --> 00:35:53.635 JACK THOMAS: so
00:35:56.100 --> 00:35:56.990 JACK THOMAS: alright.
00:35:59.570 --> 00:36:03.259 JACK THOMAS: So the big thing is on the healthcare part. And and so
00:36:03.934 --> 00:36:06.530 JACK THOMAS: I'm just looking at real world examples is
00:36:06.910 --> 00:36:09.880 JACK THOMAS: I I could just say for myself is.
00:36:10.333 --> 00:36:30.020 JACK THOMAS: I didn't really start using an acupuncture until late. Some people swear by a chiropractor. What I've learned to do is, I swear by 3, never by one, as you get into your thirties or your forties as your body's changing. You're looking for different vantage points of your health.
00:36:30.070 --> 00:36:43.700 JACK THOMAS: most people, my whole life. We just go to a general practitioner, and you know you wait for them to tell you what I have learned. In my opinion, those general practitioners just write your prescription for 5 different drugs and say, Call me next year.
00:36:44.370 --> 00:36:51.570 JACK THOMAS: and the people I hang out with are like, I take magnesium. I drink water, I you know I work out. I do this breathing
00:36:51.610 --> 00:36:57.669 JACK THOMAS: right? So there's there's a there's a functional and having an acupuncturist
00:36:57.800 --> 00:37:06.089 JACK THOMAS: having a dentist or an eye doctor, but taking care of yourself, but not just a general practitioner. And so
00:37:06.390 --> 00:37:10.980 JACK THOMAS: there's some expense that comes out of your pocket. But you have to decide which is your priceless hell.
00:37:10.990 --> 00:37:12.640 JACK THOMAS: and how you want to go about it.
00:37:15.290 --> 00:37:37.699 JACK THOMAS: So that's why, again it comes up again of just not getting so caught up with the providers, but looking at your own health, because, as you get older, going down the road, you don't get to, you don't get to undo those things, building a financial trust with a financial roadmap. We touched upon that aligning with your partner. So in the world that we work with, we work with a lot of business owners that have partners.
00:37:37.880 --> 00:37:53.120 JACK THOMAS: and that is the toughest part of the work that we do at the family office is. The partners usually come from different vantage points, kind of like how I described right where my marriage came from the the lady I was married to. Business owners.
00:37:53.150 --> 00:37:55.869 JACK THOMAS: Then they want to bring their family members in.
00:37:57.300 --> 00:38:03.269 JACK THOMAS: So then, their family members right now can be working in those corporate offices.
00:38:03.730 --> 00:38:17.849 JACK THOMAS: But what do you want to teach within your family. What is that etiquette? Are we gonna be nice to that other family, or are we gonna make things more difficult? It's interesting how the corporate environments can affect that overall family office
00:38:17.920 --> 00:38:25.639 JACK THOMAS: and the etiquette. The best example I can use. I'm not sure of anybody else. But are you familiar with the name? Emily Post.
00:38:26.080 --> 00:38:27.130 Sarah Magee: Of course.
00:38:27.610 --> 00:38:31.910 JACK THOMAS: So elaborate to me about Emily post and etiquette, and cause you're, of course.
00:38:31.910 --> 00:38:37.559 Sarah Magee: Leading, you know, for I don't know how long, but she's been leading voice on
00:38:37.690 --> 00:38:43.100 Sarah Magee: etiquette, polite society for years and years and decades and decades and decades.
00:38:43.120 --> 00:38:44.869 Sarah Magee: I don't know how long, truthfully.
00:38:46.440 --> 00:38:53.190 JACK THOMAS: You. You described it so well. Decades and decades, I think, if she may be at a century of etiquette.
00:38:53.550 --> 00:39:09.590 JACK THOMAS: and it's it's a big portion of society that there's a certain etiquette of. If you get married, what is the gift? When do you do it? How do you do it? And we look at the happy spot of being that kind of business etiquette of this is what that family wants.
00:39:09.630 --> 00:39:20.399 JACK THOMAS: right? And we're not controlling it by money it's being controlled by. This is what the family wants versus the power players can then argue over who's making that investment decision.
00:39:20.710 --> 00:39:30.500 JACK THOMAS: And so that's how we have been able to position ourselves in a different fashion and working with that family office. Now aligning with your partner.
00:39:31.640 --> 00:39:33.482 JACK THOMAS: I'm just trying to think of
00:39:34.360 --> 00:39:36.700 JACK THOMAS: a recent partner. Situation.
00:39:39.610 --> 00:39:42.120 JACK THOMAS: family office. So partnership
00:39:42.400 --> 00:39:43.740 JACK THOMAS: father and son.
00:39:44.458 --> 00:39:47.959 JACK THOMAS: Father gives the son part of the business to their son.
00:39:48.590 --> 00:39:55.390 JACK THOMAS: but the son sees his value is greater than what was given to him. But during the pandemic the business went defunct.
00:39:56.890 --> 00:40:00.469 JACK THOMAS: And so now the son doesn't talk to the father, and he blames the father
00:40:00.530 --> 00:40:02.050 JACK THOMAS: for the failed business.
00:40:04.410 --> 00:40:05.889 Sarah Magee: Ruining relationships.
00:40:06.370 --> 00:40:12.999 JACK THOMAS: Ended the relationship. It's ended correct. And and I and I have to say that I had set in on those meetings.
00:40:14.740 --> 00:40:25.850 JACK THOMAS: I was not always in favor of everything that was being done. But my job is just to guide. Listen, but it's hard when you know that they tried to do it right, and it still didn't work out.
00:40:26.340 --> 00:40:26.970 Sarah Magee: Yeah.
00:40:26.970 --> 00:40:30.615 JACK THOMAS: And and you know just sometimes the word that
00:40:31.130 --> 00:40:37.599 JACK THOMAS: I had a coach used to me one time in business and goes. Sometimes you have to surrender and give over
00:40:37.740 --> 00:40:45.289 JACK THOMAS: and jokingly saying, No, no, no, can't surrender. But then it's a matter of learning to accept.
00:40:46.500 --> 00:40:52.019 JACK THOMAS: And so I think that's I think that's a big thing coming from your generation side
00:40:52.030 --> 00:40:54.810 JACK THOMAS: of more of the
00:40:54.920 --> 00:40:58.680 JACK THOMAS: easy going ways. I'm not going to use the term woke
00:40:58.880 --> 00:41:26.600 JACK THOMAS: but woke is it's own little. But it's easy going. Where in the corporate environment coming out of New York, it's not easy going. And so how do you? How do you kind of find that balance? That's you know what we're trying to help people navigate from a generational perspective when I'm talking to 75 year olds. And they're telling me this is what I want that role to do, and I want them to do. And I'm like the 35, and they don't need the job. That bad. They just don't need the job. That bad.
00:41:27.140 --> 00:41:33.569 JACK THOMAS: So it's it's been. It's an interesting conversation in the generational passing, of how that all goes down.
00:41:34.510 --> 00:41:38.199 Sarah Magee: Yeah, I was. Gonna say that. You know.
00:41:38.290 --> 00:41:40.160 Sarah Magee: I've read that
00:41:40.250 --> 00:41:46.590 Sarah Magee: family offices. It's much more financially savvy to do it that way. If you can do it that way.
00:41:47.162 --> 00:41:55.630 Sarah Magee: Regarding your wealth, wealth, management risk but you, you know, if you don't do it right, you run the risk of ruining your
00:41:55.910 --> 00:41:57.760 Sarah Magee: your relationships. Right?
00:41:58.470 --> 00:42:14.679 JACK THOMAS: And this is very true. And and so that's why we offer people the option of being that umbrella to emotionally wrap it all around, and you could pick who your advisors are and who your attorneys are right. Our job is just to keep that etiquette moving along
00:42:14.680 --> 00:42:33.680 JACK THOMAS: on your family office. And the goal really is to have the corporation to take the tax benefit so you could layer it through the entire organization and have a greater impact on society. And all we're doing is using what are the insurance benefits that the States already providing
00:42:33.800 --> 00:42:41.030 JACK THOMAS: we're just giving an aggregate platform for right people of all different communities to come in and take advantage of it.
00:42:41.500 --> 00:42:42.450 Sarah Magee: I love that.
00:42:45.500 --> 00:42:56.569 JACK THOMAS: So we're gonna be coming up on a break in a moment. So before we go to the break, I just wanna touch upon this Fryer Levit one more time, saying, this is a landmark case.
00:42:56.820 --> 00:43:10.899 JACK THOMAS: This is a local New Jersey firm in New York also. This is this is right. I I will this, this, I'm going to be watching this. So I watch firms like this cause. I'm looking for the revolutionary change
00:43:10.970 --> 00:43:28.600 JACK THOMAS: because you and I have been talking about the economics of society, and I am getting the hint of watching it for a long time and right everyday people. But we get a gut instinct, and things are shifting. And so at the happy spot. Our job is just. We're already in the shift.
00:43:28.600 --> 00:43:48.570 JACK THOMAS: So as people show up, we're here to help navigate that from mental wellness. We're gonna move to our break in just a moment. We're gonna come back and we're gonna wrap up our time at the happy spot, Jack Thomas, with Sarah Mcgee on how we can make a wellness life better for everyday people. Be right back.
00:45:54.670 --> 00:46:02.579 JACK THOMAS: Jack Thomas at the happy spot. Welcome back, everybody! We have, Sarah Mcgee. We're talking about family offices and wellness at the happy spot.
00:46:03.120 --> 00:46:09.500 JACK THOMAS: So the happy spot, the original intent was, it's corporate tax dollar planning.
00:46:10.290 --> 00:46:15.600 JACK THOMAS: We know that there's a technique called captive planning.
00:46:15.850 --> 00:46:18.770 JACK THOMAS: There's a risk management tax planning.
00:46:18.880 --> 00:46:20.420 JACK THOMAS: And we focus on that.
00:46:21.140 --> 00:46:26.460 JACK THOMAS: This isn't for every corporation, but the ones that come to us also have an inherent culture.
00:46:27.140 --> 00:46:31.600 JACK THOMAS: And it's usually coming from the board the trustees, the directors.
00:46:32.020 --> 00:46:36.080 JACK THOMAS: and our job is risk managing their financial
00:46:36.330 --> 00:46:44.279 JACK THOMAS: and mental wellness, and the family office. We then also will navigate into their privately held net worth.
00:46:44.350 --> 00:46:47.820 JACK THOMAS: and that family office, then, has its own etiquette.
00:46:47.980 --> 00:46:58.619 JACK THOMAS: Sometimes it'll mimic the corporation, but the only thing that usually is synonymous is that there is a theme of a movement on behavior.
00:46:58.700 --> 00:47:00.399 JACK THOMAS: and that is
00:47:01.990 --> 00:47:18.250 JACK THOMAS: the area that I was given a gift early on at 58. I've been in therapy for 48 years, and as a kid had anger management issues. And so, fortunately, my parents recognize that issues. And you know, my friends, joke, saying.
00:47:18.380 --> 00:47:45.849 JACK THOMAS: you know I'm like, I wanna refund. They didn't fix me. And the joke is, just imagine if you didn't have all of that training, so I'm really blessed in the training and have transfer that over onto the business aspect. So when people say you have an emotional IQ, it is actually a learned item. And that's what we're doing at the happiness Spot is using tax dollars that are already being spent and transferring it through a risk
00:47:45.950 --> 00:47:49.227 JACK THOMAS: mechanism into happiness.
00:47:50.530 --> 00:47:51.560 JACK THOMAS: And it's
00:47:51.810 --> 00:48:01.509 JACK THOMAS: all, all, all government approved. You just have to. Be ready to have those conversations, and we do it in family offices as well.
00:48:01.600 --> 00:48:03.420 JACK THOMAS: So with the family office
00:48:03.460 --> 00:48:08.970 JACK THOMAS: right? We come back and kind of just round out in here, right? There are 3 things at the family office.
00:48:09.010 --> 00:48:18.280 JACK THOMAS: clear communication. Now. We touched upon so many things, but we call keep it simple and one. And we could go through those scenarios navigating health
00:48:18.560 --> 00:48:21.519 JACK THOMAS: making health. You're priceless. It's your priority.
00:48:21.640 --> 00:48:37.339 JACK THOMAS: so don't make it about your health insurance. Make it about your expense, and get a financial planner, not a robo, but get somebody that you can have a dialogue with. If you can't afford them, then at least plan to get to having one.
00:48:37.360 --> 00:48:53.889 JACK THOMAS: And then in there you're talking about your health insurance. Embrace your taxes right? Right? Saving with other health is pro managing the whole cost right? 3, rd build, the financial trust and partnership. You're the family office.
00:48:54.090 --> 00:49:19.509 JACK THOMAS: So right. My kids are 2825. There's a whole etiquette and plan that we go through. When they were 17 was one age when they were 10 it was another age. We all have our etiquette, we just systematize it, and we make it much more efficient when we do it at the family office. We also do open up topics that not everybody talks about. So, Sarah, I'm gonna touch upon something here just to share.
00:49:20.220 --> 00:49:27.119 JACK THOMAS: But you know, it's not something that we normally talk about, but I just find it interesting at the things that come across our conversations.
00:49:27.840 --> 00:49:30.439 JACK THOMAS: Let me see if I can. No, it's not this one.
00:49:37.290 --> 00:49:40.980 JACK THOMAS: I will get much more efficient technology. One day I know I can.
00:49:42.900 --> 00:49:43.850 JACK THOMAS: There we go.
00:49:46.180 --> 00:49:52.420 JACK THOMAS: So speaking with Gaetano last week we had Jeff Booker and Michelle Santos on
00:49:53.183 --> 00:49:55.359 JACK THOMAS: the so the Philadelic
00:49:55.410 --> 00:49:58.250 JACK THOMAS: Conference of psychedelic studies.
00:49:58.360 --> 00:50:00.360 JACK THOMAS: October 3rd to the 6th
00:50:00.460 --> 00:50:03.040 JACK THOMAS: Pennsylvania psychedelic collaborative.
00:50:03.863 --> 00:50:13.520 JACK THOMAS: So just putting it out there right? We we're not. We're not a vendor or promoter, I it. It's just this information is right here in front of us.
00:50:13.875 --> 00:50:17.560 JACK THOMAS: And the reason why I bring that up is, you know.
00:50:17.800 --> 00:50:32.590 JACK THOMAS: my own son went to school to learn about Ptsd right? And veterans, and using magic mushrooms for wellness, and New Jersey being a leader. State of it. And years ago everyone talking. Oh, it's bad, it's all bad. It's all bad.
00:50:32.640 --> 00:50:38.279 JACK THOMAS: right? So when you were growing up as a kid. What was kind of the mushroom talk? Was it a bad thing like.
00:50:38.280 --> 00:50:40.850 Sarah Magee: Alice in Wonderland. I mean.
00:50:41.270 --> 00:50:43.370 Sarah Magee: it was just, you know.
00:50:43.470 --> 00:50:51.059 Sarah Magee: if you want to be lost in a dream, take magic mushrooms, but otherwise, if you, wanna, you know, succeed in life, you know. Stay away.
00:50:52.830 --> 00:51:14.999 JACK THOMAS: So well stated, so well stated. And and and then when you the the talk radio, Nyc, if I talk to Sam Lieble, it's who was in the ketamine market. At what? Opportunities of wellness that can happen. And he's been around it for so long that there's a different diagnosis. There's a different treatment. It's managed differently.
00:51:15.030 --> 00:51:19.199 JACK THOMAS: So we're right here. Now, what I've come to learn
00:51:21.017 --> 00:51:22.152 JACK THOMAS: through losing
00:51:23.560 --> 00:51:24.810 JACK THOMAS: Jack Nathan.
00:51:24.880 --> 00:51:32.759 JACK THOMAS: my one of my son's closest friends. So drug up overdose was a lot of the kids. Therapy comes out of Philadelphia.
00:51:33.650 --> 00:51:37.089 JACK THOMAS: So there's 2 major mental wellness centers.
00:51:37.446 --> 00:51:43.140 JACK THOMAS: I'm not here trying to promote companies, but just recognizing that Philadelphia is a leader in this community.
00:51:43.568 --> 00:51:47.970 JACK THOMAS: So it's just. It's nice to see all the shift in the change.
00:51:48.550 --> 00:51:51.239 JACK THOMAS: It's just hard being 58 going really?
00:51:51.800 --> 00:51:53.580 JACK THOMAS: Well, who's gonna do all the work
00:51:54.880 --> 00:51:56.840 JACK THOMAS: right? How's all the work going to get done?
00:51:57.571 --> 00:52:05.009 JACK THOMAS: And the work always gets done. Anyway, it's that it's the exercise of learning the communication in the skill set.
00:52:05.150 --> 00:52:19.830 JACK THOMAS: So it's just great having you and Emily always in these conversations. So we're coming to the end of our time together in a little bit. I just wanted to get, you know, a little more feedback at the end of the day from yourself of, you know.
00:52:20.090 --> 00:52:38.719 JACK THOMAS: being part of the happy spot, the the happy movement and listening to the autumns and the Yvons of the world, and being part of it, how's it changing your life, and how many different people you know? Have you touched in the past couple of weeks that you feel as though that you're helping them move into a better place.
00:52:39.681 --> 00:52:43.859 Sarah Magee: Well, when you ask that question I immediately thought of the crunchy sisters.
00:52:44.130 --> 00:52:47.310 Sarah Magee: I don't know if you remember that one meeting we had with them.
00:52:47.760 --> 00:52:50.830 Sarah Magee: and they're, you know. They're. I think they're like 9 and 11 year olds
00:52:50.840 --> 00:52:54.079 Sarah Magee: girls, and they're just starting their own business.
00:52:55.420 --> 00:53:01.949 Sarah Magee: You offered them. I don't remember what it was. I don't know if you remind me, but like some sort of partnership in in
00:53:02.020 --> 00:53:03.979 Sarah Magee: an Rx card, maybe.
00:53:04.230 --> 00:53:09.320 Sarah Magee: and they their enthusiasm for life, and like just the
00:53:09.800 --> 00:53:19.450 Sarah Magee: the feeling that what they're doing is making an impact on the world. And they're one step closer to achieving their dreams. It was just. It's just an amazing feeling to be around all the time.
00:53:20.200 --> 00:53:29.009 Sarah Magee: And then you have leaders like autumn, you know, who really just inspire, they inspire. She inspires me. She's a you know.
00:53:29.180 --> 00:53:42.030 Sarah Magee: She's a female leader, and she's on top of her game in her respective fields, and she is kind and offers solid advice. So you know, being around that those these positive
00:53:42.110 --> 00:53:43.760 Sarah Magee: leaders and
00:53:44.140 --> 00:53:46.270 Sarah Magee: and entrepreneurs, it's awesome.
00:53:46.690 --> 00:53:49.910 Sarah Magee: and it's totally change. Change my life.
00:53:50.680 --> 00:53:58.969 JACK THOMAS: That that is great, and and I and I love to hear that. And you know we as you're talking, made me think of the time when we went out with your husband, Jim.
00:53:59.600 --> 00:54:08.892 JACK THOMAS: and we had Marina, age 26, at one age, and then we had Adriana at 91, at another age, and the dialogues were completely different, but.
00:54:09.763 --> 00:54:10.790 Sarah Magee: But she.
00:54:10.790 --> 00:54:12.649 JACK THOMAS: Yeah. Funny on all sides.
00:54:12.650 --> 00:54:15.885 Sarah Magee: But it worked. It really did we? We've.
00:54:16.300 --> 00:54:23.619 Sarah Magee: you know. There were side conversations, of course, but we all we all sat and had cake and enjoy each other's company, and
00:54:23.840 --> 00:54:25.170 Sarah Magee: it was a blast.
00:54:26.630 --> 00:54:33.869 JACK THOMAS: So so so that so at the happy spot that was again another little bit of the opposite where we all got together, and we just got together for a piece of cake
00:54:33.920 --> 00:54:55.640 JACK THOMAS: where we J, we just get a half hour hour, hang out, get to talk one another right, and create part of the community because we're in different communities. And that's what we're doing at the happy spot is aggregating different communities and trying to get everyone connected through whether it's plant wellness, Carrian wellness. You need that financial planner.
00:54:56.550 --> 00:55:16.129 JACK THOMAS: Excuse me. But ultimately targeting the larger corporations so we could have that better impact. Or should, I'd say, better, larger impact, so it can affect all of the other families in an equal format. As we kind of just navigate this wellness movement which it's just been beyond.
00:55:16.250 --> 00:55:34.299 JACK THOMAS: you know, even for myself, even for myself. Some of the things I'll I'll just kind of throw out is I shared with autumn some of the different tools that we're using. And you did a great job in setting up that picture of the 12 tools. And and I look forward to when we get the website going out and getting up and running.
00:55:35.736 --> 00:55:41.450 JACK THOMAS: I'm just saying thank you to you and everybody that's been active at the ha happy spot
00:55:41.812 --> 00:55:59.270 JACK THOMAS: from the accounting office to Yvonne, Dom to Dave Kooning, to Chris at Ucs. Right, and to all of our guests that have come, we at the Happy Spot, the family office say, thank you. Wish you a great day, Sarah Mcgee. I'll see you tomorrow. Have a great evening. Everyone.
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