Healthy Finance with Patrick and Tim, SurePath Wealth

Alright, welcome to the Gut Check Project. This is episode number 23. You're here with your host, Kenneth Brown, MD. And I'm Eric Rieger. Let's, uh, let's talk a little about what we got going on Ken.

Well, we're, like always we're trying to push some boundaries. And one of the things that I see as a doctor is that I want to make sure that my patients are very healthy, both mind and body. And when ever my patients come up, and they're going through a stressful situation, they manifest it in their guts. And one of the most common things I see that I can't help them, which is why we brought our guests on today is that when people go through financial trouble or when they're stressed out about their money, they can manifest in their guts. They show up with all kinds of stuff so they end up at a gastroenterologist office, and I can't give them any real advice on their finances and how to help them with that. So like we always do with the Gut Check Project. Let's bring him in. Let's check our egos at the door and let's learn a little bit. 

We got some experts here with us today and that is Mr. Patrick Brewer and Mr. Tim power both from Surepath Wealth.

Yeah.

Thank you guys for coming up all the way 35 to Dallas from Austin. How y'all doing today?

It was a joy. Well, we didn't die. Yeah, that's the first step. 

We made good time on a rainy Thursday morning.

Now, that being said, I know that you said we didn't die. But Tim said, but if you would have your family would have been covered.

They would have been covered. Yeah, least 3 million. Maybe more than that.

So Surepath Wealth Management. It's far more than just taking care of someone's finances. Correct?

Yeah, I mean, the way we think about it, it's similar to being a doctor, right? And you have a holistic approach and you want to solve the person's problem. And sometimes they present with one issue that they think is really important, you know, they may have some issues with their their stomach or I'm not going to pretend to know exactly all the things that people could present with. I'm sure there's some, some strange ones out there, but they present with a particular problem. And they you know, that's what the that's the problem that thye think they need to have solved but in reality it's it's more than that there's other things that are contributing to the initial problem and making it worse. So our role similar to a physician, I think, is to lay all the pieces of the puzzle on the table and then start to assemble them and really get to know what's driving our clients and or people in general, and just figuring out what their motivations are and what they're trying to accomplish. And then, once we have a good sense of that, just putting it all together and hopefully solving the problem.

Absolutely. I mean, there's a lot of similarities. I mean, people come to you people come to me with very intimate problems. People come to you guys with similar issues. 

Yeah, 

When people somebody shows up to your office, they're saying, I'm going to give you my world, the world that much like the great prophet Kanye West said, money isn't everything but not having it is. And so when you get to the point where they're like, look, I've got this What can I do to grow it? What can I do to not lose it? That is one of the most vulnerable things just slightly less vulnerable than somebody taking their pants down and letting me stick a finger in their butt.

I don't know. I mean, I think it's about equal.

For some people that can be really stressful, there's some there's a lot of shame around money. There's it's a very intimate discussion, because you don't know the beginning of the conversation, what their experiences have been. Maybe they've made some poor decisions in the past, and they're reluctant to admit those, maybe there's some controversy with them and their spouse, they could view money differently the way they were raised, and the way that they think about money in general about how they could use it in their life or even their preferences for what they're going to do with it and retirement or when they pass away and they want to leave a legacy, do they not? So there's all these embedded psychological and emotional factors that go into how people interact and make decisions about their money. And the first step, similar to being a physician, I think is to peel back the onion a little bit and see what are what are the driving forces here that are actually contributing?

I want to get into all that Eric, can you explain actually that it isn't exactly like we just bumped into you guys on the street. Can you give a little history as to why we have these two super smart guys here on the show?

Sure. So we are a part of a mastermind group and Tim and Patrick both happen to be a part of it. The reason why we joined that entrepreneur group is we're all aligned from the same orientation that we want to be able to serve our fellow man the best way possible for us through healthcare. It's how do we reduce stress and increase health for y'all? It really is, just as you said, Patrick, it's a holistic approach to managing your own wealth and finances. And the great thing that I've seen and learned from both of you all over the course of the last year is you treat your clients like family, because this isn't an opportunity to shame someone with their previous financial troubles, etc. The thing I found really interesting though, is you and I have talked over the last several episodes and over the last several years about how can you help someone reduce their external stressors, right? Because by having that you lead insomnia, you lead to catecholamine circulation from high stress situations. So we've talked about people that regularly see a doctor usually end up decreasing chance of disease they, they come in to see a gastroenterologist, they're usually not going to have a polyp that turns into a cancer because it'll be detected. So what I found kind of interesting is someone who turns to someone for wealth management actually has less potential to gamble. They actually are better prepared for their financial future, obviously reducing stress so they reduce stress, they reduce their risk of bankruptcy, regardless of their income level. And then obviously, their family conflict is reduced. I don't remember what the crazy stat is, but it's well over 70% of marital strife comes in originates from some element of financial problems or disagreements in the first place, simply by having someone that I didn't have someone tell me when I was younger simply by having someone help you forecast and help you put your money where it would serve you better will ultimately reduce your stress and work out better for you and your family. So that's how we met Surepath.

I think we just met on the side of the highway.

When no one knows because you muted your mic.

I didn't mute my mic. I said, I think we met on the side of a highway. But I guess maybe we met...

Well, I mean it. And Eric said I was stupid for standing on the side of a highway with a sign that said, I'm looking for better than 8% yield. And you stopped. Let's talk. Because, and I said also, I'm looking to diversify my risk by hiring 20 advisors. And you're like, yeah, let's have a little talk. Yeah. So one of the things that I was really impressed with is you gave a lecture at the conference we're at , and I wrote down a few notes, which was really very interesting to me because everyone tries to outsmart the market. Everyone tries to do this stuff. We want to invest in America, America.

We're Americans.

You said several different things which were really interesting, like how percentage of stocks in the stock market that is outside of America. Can you get into some of the stuff you talked about in...