The Jon Sanchez Show

11/20-Why millennials make great business owners

What do millennials want for their career? Do they want the traditional 9-5 job, 2 weeks paid vacation, a 401k and a 3% raise every year? The answer for most is NO. You see, this generation is probably the most entrepreneurial minded generation I have ever seen. So why is this generation so well equipped to be a successful business owner? We’ll explain why

Duration:: 36m
Broadcast on:: 21 Nov 2024
Audio Format:: other

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Well, we have a very special guest joining us this afternoon on the program. She'll be coming in, well, we're going to bring her on now, but her topic is, or today's topic I should say, is exactly down her alley. Ladies and gentlemen, it is with great pleasure to introduce my offspring, my youngest child, Bailey Sanchez. That's all I get now, just the offspring, not even my early daughter. My pride and joy, but I can yield that by your siblings every time I, you know, gloat about you, which is way too often. I'll remember that. I'll remember that. Okay, all right. It's a deal. It's a deal. Well, for those of you that may recognize Bailey's voice or her name, Bailey is our marketing director at Sanchez Wealth Management, but she's also an entrepreneur. This poor kid got thrown into the realm of business at a very young age, the siblings, and she and my older daughter Brooke have just excelled, just excelled in the world of entrepreneurship. I'll let her give the details, but they are the co-partners and founders of an event that many of you go to in September of each and every year, and that is the Douglas County rodeo. So Bailey, today's topic, it is right up your alley. That topic is this folks, why millennials make great business owners? Now, folks, you know, raising millennials, it can be a challenge. I'll just say, I'll be honest, it can be a challenge. They have a mind of their own. They're not motivated per se by money. They're motivated by different things. And I thought of this, Jason, I thought this would be a great topic this afternoon after we go through the market recap to talk about, I want to get two points across. I think I have two goals, guys, and goal number one, I want all you parents and grandparents out there. If you have millennials that you can phone and tell them to tune into the show right now, you can listen online or, of course, at KKOH.com or on their radio. But I want them to listen to what Bailey has accomplished, and I'm not saying this as her father, but she's a prime example of a millennial. And I want you guys to hear it from her, what motivates her generation. And what you're going to find is, after doing a bunch of research on this, and I should have known as her father for all these years, that they're motivated by different things. But the bottom line is they are incredible, incredible entrepreneurs, much better than my generation, much better than, you know, I'm a baby boomer, much better than Jason's generation. They're phenomenal. And in the reason why, or reasons why, you're going to find out, it has a lot to do with technology, and just really what makes millennials click. And so Bailey is going to really enlighten everybody about not how easy it is to start a small business as a millennial, but just some of the trials, tribulations, and most importantly, the reward, because folks, I think this is going to be a generation, Jason, I know you agree with me on this one. This is going to be a generation of the largest group of investors we've ever seen, far surpassing my generation, but also the largest group, in my opinion, of entrepreneurs this country has ever seen. Do you not agree? I do. I mean, we've talked about this a bunch. The average age in the US right now is 37 years old, right? The millennials are bigger than the baby boomers, and that's part of the reason that you're seeing this move higher in crypto assets, and you're seeing sort of alternative investments in general get a lot more attention than they had before, the, I don't know what I can say, but there's an app that you can trade for free, I guess I can say, Robin Hoodification of things, you know, they, I don't think they own any funds, so I think they can mention them. But, you know, there's, it's just a different mindset for that generation. Again, we all have similarities, but there's certainly different, like you mentioned different drives, different goals, I think, you know, the generation prior, oftentimes you mirror a bit, and then you also reject some of the things that they hold dearly, right? Here's what my parents did, so I'm going to do the opposite. I think they're probably bouncing to a massive extreme, yeah, no, I can see, too. They're bouncing to a massive extreme from what, you know, I would say, what are late boomers, early Gen Xers, the millennials are a much different crew, for sure. You know, excellent said, Jason, and before I bring Bailey back on, then we'll get to our stock market recap, I, I, if you heard my showtees today, I said it all, and I want to say it again right now, what do millennials want for their career? If you think that they want the traditional nine to five job, the two-expaid vacation, the 401(k) and that little three percent arrays every year, you couldn't be more wrong, right? I'm surprised your hand's not falling through the camera, Bailey, because, yeah, the answer's absolutely not. They want so many more different things, and if you're trying to understand what makes your kids or your grandkids tick, or if you are an employer, which I hope many of you are, and you have millennials, which I'm sure you do, as employees, you're probably struggling trying to figure out what makes them tick. And so that is our goal this afternoon as we go through this with Bailey, is to, to really kind of give an insight into this group. Bailey, real quick, before we turn it over to Jason for a market recap, what makes your generation so different than my generation, Jason's, or any others that before you? I really think, I mean, the one major difference between mine and your guys' generations, I think, with social media, just really kicking off that people can see that there's other things that they can do in the world. They're used to seeing their parents work so hard our entire lives, and then we get to this new era of seeing everyone else's lives across the world, and there becomes, I think, a sense of envy, or maybe just a different commitment to what millennials want for their life, other than the 9-to-5 white ticket fence. Yeah, right. Throw the white ticket fence in. Oh, you mean, by the way, because you guys understand social media, my generation doesn't, that you can press a button and have an advertisement for your business sent out to YouTube, and Facebook, and Instagram, on and on and on, and within a matter of seconds you have people knocking down your door to buy your product or your service. You mean that? Where I had to, literally, right, Jason? We had phone books. This is how I built this business, Bailey, Marie Sanchez. I had a phone book that I had to call three, four, five hundred people a day, a day for years and years, for years and years. And you guys just go, "Well, welcome, everybody. I have this great product that I want to sell. Boom, press the button and they buy for me right then and there." It's not funny. Let's acknowledge. Let's acknowledge. I think I've seen a tier or two when you try to use technology, so. Yeah. It is horrible. Clarify. I'm good at technology, just not good at social media. Okay. We're getting good at it. I'm getting good at it for now. I'm getting good at it. I'm getting good at it. Yeah. I'm getting good at it. No, man. Yeah. You're not wrong, though. There's definitely just a completely different mindset, obviously, and it's a lot harder for your generation of minds to, I think, understand each other now with two different mindsets, but there's no excuse anymore for someone not to be successful in some realm. We have every ounce of information in the world that are fingertips, and so I was just talking about this with someone the other day. There's no excuse not to have an education. It doesn't have to be maybe through a school per se, but there's no excuse not to be educated on so many different topics these days, and that opens the world up, right, for businesses and being an entrepreneur and all of those things. I know we're jumping way ahead, but I want to get this out before I forget. Jason, as the COO of our firm, you have the day-to-day management responsibility among many others of our staff. They are a Bailey's generation. What do you find exciting, and what do you find challenging managing millennials? Yeah, probably the hardest part for me, again, having kids that are 16 and 18 is surfing that line of being colleagues, being a boss and being a friend, right? I think that oftentimes is difficult to marry all three of them together. I struggle with that as a parent. Yeah, well, my good or bad, and probably how I work with these guys, is I always treated my kids like peers, maybe probably we're a little too open with things that I say. But I think it's made them well-rounded versus a sense of, again, Bailey's use of the picket fence analogy. I think that's perfectly put. The whole scene and not heard thing has gone the way of the dodo, right? I would argue kids and even more so, Bailey's generation when they're having kids, they've become such an extension of their parents, or their parents rather, have now treat their children as Joey's baseball team and he's the best, whatever, and they've grown up in that, right? That everyone gets a trophy, and I don't mean that negatively, but there's different senses of goals and there's different senses of what's important. But I think it's certainly a generation that wants to be more inclusive versus everyone having their little fiefdoms and stuff, I think, open door and open conversation policy tends to resonate a lot better with this generation than it probably did before of, we're managers, we're going to go talk in this office or it doesn't work like that anymore. No, it doesn't. And you hit on a very important point, Jason, and that is looking at them as a peer, I find myself, the more that this young lady gets knowledgeable, she very proudly graduated from UNR, she's got a bachelor's degree in business, minor in entrepreneurship. I have so much respect for her, not only is my daughter, but is director of our marketing and just as a human being that I find, and you know this, Bailey, I pick up the phone and call her a lot, and I'm like, oh, I just did it this week, I'm like, I'm stuck on this business idea, Bailey, what do you think about this? And then we get her sister on and, you know, and Jason, and it's amazing, it just, again, at 60 years old, I'm relying upon my daughter to throw out advice, but that's how much respect I have for you as an entrepreneur that I'm asking, I'm seeking advice from you, not only is your father, but you know, your employer and as your friend and your partner and so on and so forth. So I find that very interesting. And I think it's exciting too, with my generation, we have this is going to be kind of an end of an era where we get to ask our parents to who still have the traditional values of running businesses, now meeting with millennials who are a whole different direction of how we go about things. But if you think about it when I have kids and I'm older, we won't have the same knowledge that you guys did with starting businesses and working under people. And so it's a very unique time to clash all of those ideas together. And I think that's why it's so exciting when you and I can bounce ideas off each other a little. Yep, absolutely. I love it. It's going to be a fun topic. Well, when we come back, we'll get right down to the stock market activity. We'll talk about the big news after the close today, which of course is NVIDIA's earnings, and then we'll get back to Bailey, we'll talk about why millennials make great business owners. Kristin Snow, right now at traffic center, how are you, my dear? Come back to the John Sanchez show on his talk, 780K OH with Jason on a Sanchez wealth management, Bailey Sanchez, also a Sanchez wealth management. All right, here's how we finished up and then we'll get to Bailey at the bottom of the hour. Here's how we finished up for the day in a wild ride, nearly 400 point movement from the lows to the highs just like yesterday on the Dow. But boy, we got a nice little bit of buying going into the close. The Dow finishing up 140 points, 0.32% with a closing level of 43,408. And as they're down 21, closing at 18,966 and a big goose egg unchanged on the S&P 500 at 5,917. Slide pullback and oil prices down 7/10 at 68,76 of barrel. Good day for gold, $20.77 increase, $2,651.70 for a basis point increase on the 10 year at a close of 4.41%. All right, Jason, let's get the market recap going and then we'll move into the after hours and let everybody know with the highly anticipated news on NVIDIA. Yeah, I think the chop of today probably was because of what you just mentioned. We had a 20 year bond auction that was a dud. Rates shot up really across the curve at 10 years, oscillating between that 435 and 450 level. Pretty aggressively. It doesn't know which way to break higher or lower. We had some fed heads out today. Bowman, I believe, was the fed of the day stating that she would like to proceed cautiously in bringing down rates, but yesterday we had a different Fed member talking about saying that buying large 25 basis points on the next couple meetings would be in line with what she would like to do. So you're getting a bit of both, right, which is very common. They're going to parade a lot of these folks out there to have these, you know, see which way the market reacts to it, but, you know, the demand on the treasury side is going to be the part that really dictates all. And if 20 year auction goes week like it did today, we're going to get, I think, a tips auction tomorrow, but the bond market, unfortunately, is what a lot of folks are keeping an eye on. And then you have that bid towards the end of the day, I think, just front-running Nvidia tonight. The fact the stock's down, you know, we'll get into a bid maybe a down a percent or so after the hour, I'm calling that a win, right? The options market had it priced for an eight to nine percent move on the event. And so, you know, the stock is well, well, well within that range should be, I would say, viewed positively. They had a pretty big bar to get over. I think that they'll probably be able to kick this Blackwell chip demand down the road just because of all the, you know, the demand that they said that they're seeing target was a dud. We'll dig into it a bit more, but target was a dud that stock absolutely blew up today. What a difference a quarter makes. I was joking with Ross this morning on the stock updates, blowout quarter, last quarter, right? This one, like you said, just an absolute dead and you're just going, how can a company go from one extreme to another? I can understand pulling back a little bit, but this was 180 on the spectrum. I mean, I just, this is just showing it's Amazon, Walmart, and Costco. There's nobody else. You know what? You're absolutely right. It's a good way to look at it. If you want both, you're going to Costco. If you want, you know, groceries, you want, you know, they said a Walmart, over 60% of their, their spend now is in grocery. It's amazing, right? And target is the opposite. And so people- What is target? What is target, Jason? Yeah. If I ask you, what is target? It's, it's an old out. It's, it's a glorified Kmart model, right? It's, it's, you got a little bit of this, a little bit of that, but it's nothing great. The products are junk, in my opinion. You know, I've never sought for groceries at, at Target, I don't know who does that. He's just on accident, like I need to drop. Yeah, exactly. Not, I'm going to- You know, so why don't I just go to Walmart, get my groceries, get my products, or of course, if I'm going to do the products, I want the best value in the fastest, I'm going to press the button and have it in, you know, in my house in the next day with all Amazon. Yeah. Yeah. You nailed it. Costco, yeah, I love. I absolutely love because there's such unique things and, but no, that, that is a, I don't think I've ever heard anybody say that. You just hit it right on the head. Those are the three. And unfortunately, all industries are going in that direction, right? There's sort of the, the winners and the everyone else and, and unfortunately not what competition wants to see, but it is. It's becoming a, a very, very tight market, but I would say good move today. I mean, yes, and people's down what 60 or 70 plus basis points at some point today and rallied back to, you know, the, just the green lines. I, I'll say today's a win, especially within video and after the close, like we said, we'll get into the bit more, but the fact that it's not barfing all over itself is a positive thing given that it, you know, semiconductor chart is not the prettiest thing in the whole wide world. It'd be a good spot for it to hold and bounce. Just wrap up on target. We've finished down $33 and 16 cents, 21.1, excuse me, 21.4% loss closing level 121.72. Okay. Let's, let's go ahead and get target. I mean, excuse me. Yeah. NVIDIA going Jason. So here are the numbers and then we'll, we'll discuss this here. So first and foremost, once again, you have to remember when NVIDIA is going to report they are priced of perfection, right? They are a major barometer for the stock market. So it'll be interesting to see, you know, what, what, what kind of impact it's going to have tomorrow. Somebody gave it a passcard. Some may say, oh, they're, they're not growing like they should. So therefore the rest of the market isn't in, you know, sell off, but we will see, but here's the data. 35.08 billion on revenue estimates were 33.16 billion. So there's a beat there on the top line, bottom line earnings per share, 81 cents versus 75 cents. They said they expect about $37 and a half billion plus or minus 2% in the current quarter sales versus 37.08 billion expected by analysts. Okay. There's a little bit of a beat there, but Jason, going to this report, here's the, the, and I'll stop here, here's where I think where the, the, the streets having a bit of a problem. Fourth quarter is implying year to year growth of about 70% from a year earlier. Okay. Boy, what company wouldn't give their, their, their right arm for 70% growth, but not when you're in a video, price to perfection. That is a slowdown from 265% annual growth in the same period a year prior. You had warned about this, you know, every time the video is earnings come out, you, you mentioned this that they are priced to perfection. They need that two, 300% growth rate to keep people in ties with them. Otherwise, Hey, there's a lot of other companies out there growing at 70%. Do I want to take the risk on the video? Well, it's everybody's decision. I do, but, but obviously it's not enough, you know, stocks down to book 79 right now, one, one and a quarter percent to 144 10 in the after hours. And I think they have people holding on long enough, rather they have enough hanging out there, almost carrot in the stick that with the new Blackwell chip. So the thing about Hopper, the, you know, think of H one hundred, H two hundred built for more the large language models, right, where Hopper Blackwell is built for the video part of generative AI, right? So that's the, you know, videos of me saying things that I'm not saying type thing, right. And that is, I think there's another stair step there when they get this high, high end processing around video and video generation. And that's really what this next line is for. So they've had issues around heat in terms of racks. They need to rebuild sort of how that's all set up. There's been some delays as far as getting this thing out there. But the fact that they're saying Hopper demand is exceptional. I think that's enough to keep people around waiting for the next thing. I would say if they're going to whiff, it would be next quarter, the quarter after if you don't get this follow through or there are some hiccup as far as production is concerned, then people will very much to your point start to get skeptical of everything they say versus give them the past. 13,000 samples of the chip have been sent to the likes of Microsoft oracle, open AI, every according to one of the analysts, you know, every customer is racing to be the first to the market. Blackwell is now in the hands of all of our major partners. I'm sorry. This was internal comment, Blackwell is now in the hands of all of our major partners and they're working to bring up their data center. So almost every company in the world seems to be involved in our supply chain, according to Jason Johnson Wong. So we'll see, not blow out, like I said, we'll see what kind of impact it has on the kind of the mindset of the market tomorrow. You know, futures again just started trading a half hour ago, NASDAQ futures down 44, Dow is down 14 and the SMPs lower by seven. So we will see, but I'm glad it's over with because I'm so tired of talking about what it was going to be. And so we will see how the impact is. All right. Why do millennials and why will millennials make great entrepreneurs? You small business owners, listen up, those of you kids, grandkids that are in the millennial group. I'm surprised if they ever come home and say, hey, mom and dad, guess what? Yeah, I got offered that nine to five job for 60,000 bucks a year, but I ain't taking it. I'm starting my own business. You'll understand why when we get into this with Bailey and Jason on the John Sanchez show, it started over to Greg Neff. He's got news traffic on weather. Hey, Greg. Welcome back to the John Sanchez show on his stock 780 KOH it's with Jason Scott and my daughter Bailey Sanchez. All right. Once again, we finished up 140 on the Dow down 21 on the NASDAQ and big old goose egg on the S&P 500. All right. We're going to shift gears and we're going to go into the world of entrepreneurship or we're going to focus in on one specific generation. And that is the generation of the millennials considered to be extremely entrepreneurial driven. They have very unique experiences, unique values, and they bring a lot of unique circumstances to the table. So again, our purpose is so you have a little bit better understanding from a business perspective, how your kids, your grandkids may be thinking about their careers. And then also, if you are an employer, how do your employees think about their careers? Because again, folks, this is a different generation than many of you my age and even Jason's age have gone through. And so I brought Bailey on to Tim Lightness and tell us what really goes through their mind. So Bailey, we're going to start with his first point, which is the millennials desire for flexibility and desire for autonomy. You guys love work life balance. You don't like being constrained. Like I said, in the beginning to the nine to five, you want the freedom to kind of do what you want, but yet and also to do what aligns with your personal values, right? It's not about the money's personal values, but at the same time, you want this work life balance. This is one of the toughest things because I spent, as you know, being my child, I missed a lot of your birthdays and your siblings' birthdays and different holidays because I was working. That's not what your generation's about. Yes, money is important, but yet that work life balance is extremely important. Yeah, absolutely. I mean, I think we can start with the major point, right? Of people my age are being encouraged to not get married so quick and not have kids so quick. So I think that is definitely putting a different perspective in millennials' minds of let's not focus on having families, let's focus on working. But with that, I think to coming into traveling and all these things, again, that people get to see on social media, I think it's really put these ideas into people's minds that they don't need to stay on one spot. And I think COVID was definitely a turning point for that, right, where everyone got to work from home. Many people who have never done it before and it opened up a lot of working opportunities for people who realize they can work from anywhere in the world and still make a livable paycheck. So it's changed how people view the workforce in my age group, I think. Yeah, I think COVID was definitely a good stepping point for everybody and definitely your generation because this is what you guys wanted, it wasn't there yet in corporate America and COVID kind of forced it on employers, right? Right. Absolutely. I mean, it even changed my perspective. I was never used to just working from home and now I can run almost three businesses straight from my kitchen table and get it done in my book every day. That's exactly right. Do you think millennials caused COVID? Is that what happened? So they did work from home, it's not the Chinese. It's conspiracy theory. Let's get them started. Here on the Sanchez show, we've figured out what how this started, millennials did it. This recording will be on all kinds of social media, so it'll, it'll, it'll make the headlines. I'm not going to name any news sources as to not offend. Yeah. That's a good point. That's a good point. Jason, before I turn it over to the second point to you, Bailey, I wanted to just pause real quick. You mentioned your three businesses, tell the audience real quick what you do besides working for our firm. You have your hands into a lot of things again, back to this millennial entrepreneurial spirit. Yeah. So obviously I'm doing marketing for you, but during COVID, actually myself and my sister and another business partner came up with an idea that we need to bring some entertainment to Gargerville. It was a very shot in the dark. We didn't know if it would work, especially once COVID came around and we already had the planning and process. So now we have triple S productions and we are going on our fifth year in 2025 of putting on the Douglas County Rodeo. It's become something a lot bigger than we ever expected. We're about 1,000 people in one weekend for a small little town. In addition to that, we put on concerts when we get a chance to in town. And so it was definitely an idea we didn't think would go too far and it had. So it's opened up a lot of opportunities and it shows what you can really make come to life from a kitchen table and a long night with some coffee and some wine and some whiskey and yeah, whatever else to get motivated. I wasn't going to mention those ones. It's my audience. You can mention it. You can mention it. And again, folks, many of you, of course, have been to this first it always falls on the first weekend of September, right? First or second? Yeah. It's always the week and after Labor Day. Week and after Labor Day. There you go. In Douglas County, at the Douglas County Fairgrounds and, you know, again, as her father, it is a mind-blowing event with these kids put together. I mean, Jason, you and I could never come close to what they do. It's just, I mean, between the hundreds of volunteers and sponsors and, of course, all the athletes, meaning the cowboys and cowgirls, it's a major event and it's literally the day after you guys wrapped up this last one, I was talking to your sister and she was already working on the 2025 one. It's like the Rose Parade, right? The minute it ends, you're already working on it for next year. There's that much work involved and you guys just pull off beautiful productions. You're getting attention from a lot of major rodeo producers around the country literally for the great job you guys are doing. What else do you do? Business-wise? Well, you know, business-wise, I run a ranch here, of course. I also have somebody else that I help out with with their gym, with their fighting gym and I'm going to start teaching there now, so adding that in the schedule. But again, look at that. I can do my two jobs from home that I work on the computer and then when I want to, I can zoom in to town and go teach a couple of more Thai classes and then head off to the next meeting. So, it just really shows that the flexibility of this day and each has provided the opportunity to work a lot. Jason, how many meetings do we have with Bailey where she's driving down 395, going from gold to redo? No, she doesn't do that. She doesn't do that. No. The grass doesn't grow under your feet, child. Not at all. Just take it on point number two, yeah, down your alley, Jason, on the tech-savvy side of these millennials and why they're so good at doing it. Yeah, I think, you know, they're very tech-savvy, digital, you know, I think that having been raised in front of iPads and things along those lines that the group is very comfortable with technology and finding ways to, and Bailey does an amazing job, but for us is finding ways to utilize technology to make us more efficient, to create marketing that once built, you know, a lot of times there's very little that you need to do. It can be continuously iterated on and you don't have to reinvent the wheel every time. So tell us a little bit how, you know, you guys, you focus on using technology to do all the things that you're able to do in just 24 hours in one day. Yeah, I mean, I'm not going to lie, chat GPT has become my best friend. But again, with that, nobody has an excuse not to be able to write a nice email or be a professional business owner with all of these technologies that are fingertips and it really becomes our responsibility with great powers, great responsibility, in a sense, right? Where I don't have an excuse not to write the perfect social media posts or email or things of that sort now with these. So the technology obviously is ever-evolving and I think that's why it's harder for generations like yours dad to keep up that there's something new every single day, but it all builds off of each other and so it's kind of scary if you don't know how to do a Facebook post, you're not going to know what to tell chat GPT to write for your Facebook post or things like that, right? Amen. I can verify that one. But I mean we take shots at John Juggen, he's good with technology, but you know, I point this out to clients all the time just as an extension of what you're talking about. The wrong answer when asked about do you use the inner web for something or your email for something is I don't do that, I just don't feel comfortable, you know, we try to stress as much as possible very much to your point and the fact that technology is only going to become more of a part of our life and your generation obviously was raised knowing this, that learning and taking the time, there are ways to get educated on this, again, very much to your point. There's no excuse anymore to say, oh, I don't know how to do it, you can go on your favorite Google machine and say, how do I X create an email? How do I use chat GPT? How do I do this and people just need to be comfortable doing it because it's just going to pass you by. Yeah. Would you, would you guys are missing though? Excellent point, Jason. I think I'm, I'm representative of the, of the baby boom generation. We don't want to. You know what I'm saying? I, I, I would rather pick up the phone with Bailey and say or pick up the phone to you and go, all right, you know, let's post this or let's do this. But I have, it's weird. I have no desire whatsoever and you guys obviously know me. If I want to do something, I'm going to figure out how to do it. But it's weird. It's like, I don't know if it's a privacy thing or what it is. I just, poor Bailey, she gets calls for me, you know, because I'm working throughout the weekend. How do you do this? How do you do that? And she's like, she's, finally, she just gives up, she goes, dad, just tell me what you want. I'll take care of it. And she hasn't done in two seconds. What would have taken me hours to research? So I think that's one of the lags in my generation, a lot of us just don't, we just don't want to do it. Let me research a stock before you, I try to figure out how to post something on Facebook. I mean, I don't know, it's weird. It's really, really strange. These generational gaps there. So okay. Cool. Good stuff. And I think what plays into it, I think what plays into it is last point is my generation has been kind of raised to expose our life on social media or on the internet too, right? So there's, it breaks down that barrier because I would never, I try to convince you, dad, to film some videos for the office of just your normal life and you get so uncomfortable. So I think that's another obstacle as well. Yeah. That's a great point. That's a very good point. All right. And we come back. We'll talk about passion for purpose-driven ventures with Bailey Sanchez. Jason got turned over to Kristen Snow right now, Traffic Center. Hello, Kristen. Welcome back to the John Sanchez show on News Talk 780. We've been joined by my daughter Bailey Sanchez, talking about millennials and why they are such great entrepreneurs. Bailey, we have just a couple minutes left and I, and I want to jump, actually, I want to skip what I was telling you about where we're talking about being purpose-driven ventures. And I want to get down to the importance of networking. I've never seen a generation like yours that is so big into networking. I mean, networking, of course, has been around since the beginning of time, but your generation seems to be very involved with it, obviously via social media, but also in person. I mean, I see you have a, you know, I'll say 10, 20 people that you're very close to, you guys are always sharing each other's ideas. You use each other in business. It's like I've never seen before. What makes your generation unique comes to that? Oh, that is an understatement. I don't think my business would be where it's at without networking. Of course, we have the benefit of being in a smaller town, so it's easier to connect. But again, social media plays a part in that, but I think people realize these days, you kind of have to put on the fake face to get where you need to be sometimes. And you have to network between different groups. You have to be willing to learn as well. I find a lot of people who don't have a big network, they're not willing to learn about other people, other people's businesses. And even when you're not interested, you still learn something that can benefit your business as well. So, I mean, even there's days where I don't want to talk to anybody at all, and I stuff to step into a room of 20 people, and, you know, you got to make conversations. So, I think of all things of being a business owner, I hope people take that home if they don't realize that now, that networking is the best way to build your business and crash your business at the same time. What is your, we got 20 seconds, what is your last piece of advice to those millennials out there saying, "I'm tired of the 9 to 5, I want to go out on my own." Figure out what makes you tick no matter how outlandish the idea is, and run with it. Google it, figure out how you can make a business out of it, because there's always the way. I love it. Jason, wrap us up. I learned a ton. It's always a good conversation, as you mentioned, trying to learn from folks younger and older than you. You get a boat. Don't know a generation. I'm in anymore. Yeah, exactly. I'm just a tweener at this point. I was the young, hungry guy forever, and now I'm just like, "Ah." But it was fun. Now, it's great having Bailey on and we're really lucky to have her, so. Absolutely. But we are. All right, sweetheart. I love you so much. Not you, Jason. Thank you so much. Love you, Chad. Thank you for having me. Love you too, honey. Bye-bye. That was a lot of fun, Jason. I really enjoyed that. We can always learn from this younger generation. No doubt about it. God bless everybody. We'll see you tomorrow on the John Sanchez Show. Have a great evening. This program was sponsored by Sanchez Wealth Management. The material in this program was intended as general information only, and should not be taken as specific investment tax or legal advice. None of the information on this broadcast was intended to be a solicitation for the purchase or sale of any security. Further information is available by contacting john@sanchezwealthmanagement.com or 775-800-1801. John Sanchez offers securities and advisory services through Independent Financial Group LLC, a registered broker, dealer, and investment advisor. Member FINRA SIPC. Securities offered only in states John Sanchez is registered in. Sanchez Wealth Management LLC and Independent Financial Group LLC are unaffiliated entities. Heads up, folks. 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