December 9, 2021 • 14 mins
Everyone's favorite therapist Soco joins Tanya to help with a letter from a fan who seems to be having a generational dispute with a business partner.
The problem: The younger partner is advocating to accept crypto payments into their business. However, the older partner does not want to bring crypto or have anything to do with blockchain to their business.
Let's see what Tanya and Soco have to say about that.
Host IG: @itstanyatime
Guest IG: @yourfavoritetherapist
Learn more about Soco Rey's therapy at: https://www.socorey.com/
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See omnystudio.com/listener for privacy information.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hey, Money Movers, Welcome back to Money Moves, the daily
podcast determined to give you the keys to the Kingdom
of financial stability, wealth and abundance basing. Hey everybody, and
welcome back to Money Moves. You know a lot of
(00:21):
people still struggle with fully understanding what blockchain is and
how it works. I know I do, but there's also
a clear knowledge gap based on what generation you happen
to be a part of. But what happens when that
generational gap begins to rear its ugly head in your
opinions of best practices When it comes to business. It's
hard to find a business partner with whom you agree
(00:43):
without every single point. But sometimes fights are harder to
pick apart. So I think we need someone who can
really help us dig into this one, and I've got
exactly the person. Let's welcome back to the show, the one,
the only, and our favorite therapist, Miss Soko Rain. So
they for having me back, Tanya. I'm excited to see
how you're going to challenge me today. Oh well, have
(01:05):
I got it in for you today? You will be
earning all your coins on this Money Moves podcast. Um,
but this is quickly becoming one of my favorite segments Soco.
So our letter that came in today is really about
how do you get someone from an entirely different generation
to see things your way? I already love it, all right,
(01:28):
so let me dive in and start reading this letter
to you. Dear money moves quite literally, I'm seeing the
generational gap at play in my business. My business partner
is an older gentleman in his mid sixties who was
meant to work as more of a silent partner, providing
mentorship and guidance as I build our business. I'm in
my late twenties and genuinely appreciate the guidance being offered,
(01:51):
but it seems like he does not want to step
into the year one. We run a brick and mortar
convenience store where customers actually come in to buyings. But
I've been toying with the idea of moving our entire
business accounting ledger and inventory tracking system to a blockchain ledger,
who eventually adding cryptocurrency is an acceptable form of payment.
(02:14):
I've done a lot of research and even spoken with
professionals that can help guide me to set things up
for a small fee, of course, and however, my silent
partner is totally and adamantly against it. He doesn't understand
how blockchain and cryptocurrency work and the potential they have
in this world, and believes that if the system crashes,
we'll lose everything. I understand his concern, but I think
(02:37):
he's misunderstanding how it all works. No matter how many
times I explain it to him, he doesn't get it
and he's still against it. Now here's the problem. I
would just do it, but as he provided the funding
for the business to get started, he is the majority owner.
We have a contract where over time I will buy
him out and retain more and more percentage ownership of
(03:00):
the store. But having a major is quite a ways
but having majority ownership for myself is quite some ways off.
I could just go ahead and do it without telling
him and assume he'll never figure it out, as he's
quite technology illiterate, But if he somehow figures it out,
I'm going to lose my sole investor. I don't know
what to do the end. Okay, So are we're just
(03:24):
gonna jump in? Yeah, I'm gonna let you take a
minute to unpack that in your head, but let's just
dive right in. Yeah. No, I can jump in because
it seems like the younger, the individual who wrote in,
is assuming role or position of as experts, and whenever
we enter thinking we know best or more, we're never
(03:45):
gonna be received well. Right, So you you always have
to give what it is you want. So if you
want for this older gentleman to be open to hearing
your why, you also have to meet him with open
except since and listening to his wife and keeping in
mind that he's done business longer than you. You work
(04:06):
with him. You called him a mintorn a guide. This
probably isn't the first new thing he's seen. Say that again, Yeah,
he's it hasn't come in this form, but I'm sure
that he's been on the cusp of new things and
seen them craft. So he his hesitation is warranted, right,
So we have to respect that and get to know
why it is he might be resistant. Now that's the
(04:28):
first thing that came to me, is like, Bro, you
gotta drop this had his expert and just be open
to what your mentor and guide has to teach you.
I love that. I mean, I can just think of
so many different examples of how you know, in my
own lifetime where we've seen things evolved, like I'm going
to date myself here, but I literally saw the internet
come in. I was going to the library when it
was the Dewey decimal system, and so I am sure,
(04:51):
you know, trying to come home and explain to my
parents why we needed to go online was you know,
a really tough thing to bite. And I think the
way you said it, where he's to framing himself as
like this top down approach of like this is what
we need to do because this is the future, is
a tough thing to swallow in that sort of business relationship.
It's huge. And any business owner who has had to
(05:12):
modify their business or do some sort of migration or transition,
they know what kind of headache comes with that and
what kind of man hours have to be hands on deck.
And so this guy is probably also the point where
he doesn't want to add that kind of stress. He
doesn't see that it's the cost is worth yea, worth
the gain the potential gain absolutely. Okay, what are your
thoughts here, because they actually it's a really interesting concept
(05:35):
that he's talking about cryptocurrency and you know, adding the
blockchain to their brick and mortar store, and you know,
this is a thing that even people that are deep
in the technology world have not fully embraced. That said,
I think that in twenty thirty years down the line,
this will be just you know, like our typical oxygen.
But what are some you know, examples that you could
(05:57):
give that could maybe help them sort of breach this
gap of knowledge and understanding so they could actually have
a conversation. I think that if the writer meets this
man with a more a sense of openness, that the
sixth year old might be more willing to be open
to hearing about what cryptocurrency is, the benefit, the advantages,
(06:22):
And I also think that it allows for some negotiations
so younger, younger guy can say, how about this, how
would you feel about these products being available for purchase
through or you know, some segment of sales or whatever.
So we can test it. Let's test it within our
business where it's like low risks, so that we can
I can, I can show you and maybe I will
(06:43):
learn that I it doesn't work right right there, that's
really the opportunity to test. I'm a very like show
me type learner, so I would like him to sort
of have presented, you know, even if it was is
like on a whiteboard or you know, coming to work
and saying this is exactly how it has to do.
(07:04):
Because I think they both have to learn. He's sort
of said, oh, I've had other professional consults, but if
you don't put that in front of your business partner, Um,
I don't think he has the ability to properly understand.
It's still this top down approach. Yeah. I think that
there's probably some these dynamics that they have seemed to
(07:24):
This cryptocurrency thing is not the thing that has created
this distance between the two of them, right, things Brew
and Stu And the way he talks about this older
man is like he's never going to get it. That
kind of attitude doesn't really lend weights like team or partnership. Yes,
I think that they have to do some or at
least the one who wrote in some reflecting like how
(07:45):
am I showing up? How am I meeting him? How
am I closing myself off? Yeah, to this process. I
think that's a really big deal because actually it's sort
of reminds me the way he actually talks about his
business partner. He says he's supposed to be a mentor
and learned, but he's a little bit short with him,
and let's move into the part where he's talking about, Oh,
I should just do it anyways and not tell him
(08:07):
like that's some real business deceit that is, that's a
great way to break trust and create further furtherir havoc. Yeah,
you know, younger generation. The younger generation, I'll say overall,
they do really well with standing in their power, and
that's something that we wanted for them for a long time.
That's something we wanted for ourselves. It's nice to see
(08:29):
someone else finally being able to do it, but they're
neglecting the student piece. We must always show up as student. Yeah. Yeah,
we lose when we don't, So navigating that balance, no,
I agree. Writer. We want you to know that trust
is probably the only thing that can't sometimes be repaired,
and so in business you want to treat it like
(08:50):
a marriage. Um. The two of you being fully transparent,
fully honest is so important because you want the same
from him. Um. So that's that's an area that I
wouldn't suggest doubling into because the repair becomes too difficult.
But could it could get to your own business where
you don't have to worry about anyone else and you can.
I agree. I didn't like that part at all, and
(09:10):
it seemed like he was really strongly leaning towards it,
but it also had this undertone of like he just
was such a know it all that you know, oh,
he probably won't even know if I do it. Anyways,
Like a lot of this part that did not resonate
well with me at all. And you know, if I
was advising this person, I would be like, absolutely not,
because like once you say, once you break that trust
(09:32):
and you you know, whether it's a business or a relationship,
it's almost you're almost irrevocable. I agreed. Um, okay, so
let's see. So can you walk us through some of
the ways these two might be able to resolve this issue,
give us some tools and tips. So I'm going to
ask the writer to do some kind of difficult self
(09:56):
work and embrace challenge. I challenges should be met as
opportunities to grow, develop and learn more about oneself. That's
a very evolved, very mature stance in all in all things.
If you can do that, your golden higher living next level. Congratulations.
(10:16):
So there's so much learning and not getting what we want.
I know for myself, single, way longer than I wanted
to be single. But all of the all the things
I had to sit with when I couldn't have what
I think, what I thought it was supposed to have,
that enriched my life, that may be powerful, That led
way to a business that I now run right the
(10:36):
pain experience and now able to help people through it.
So I'm thinking, like, ultimately, this individual wants control and
wants to be in charge. There's a reason, sir, you're
not in charge yet, So open to the lessons that
are available to you to learn. While you don't get
what you want until you do. You know, the the universe, God,
(10:56):
the world's circumstances, they humble us, they distorities. If we
allow them, if we stop restraining and stop trying to control,
then we really become our best, most evolved self. So
that's that's my charge to you. Wow, this is why
people go to therapy, y'all? Like that was a lesson? Wow?
I hope, I hope, listener, I really hope you can
(11:18):
internalize that and understand what Soco is telling you here
because that was the truth. It goes deep. Yeah, all
of our issues, these surface issues that we think we
have it's not about here, it's about under here. What
are you really after? Why do you think you can't
have it? What do you need to do to prove
to yourself that you're good, good enough without it? Yeah,
(11:39):
he's got work to do in some deep self reflection. Yeah,
come on over socore therapy. I told you she'd be
your favorite therapist. Oh my gosh, so co that was incredible.
And I think you know, there's a lot that all
of us can take away from this because this applies
not only to our business relationships but to our own
personal relationships. And I think these themes come up over
(12:02):
and over again. And if you listen to this letter,
you can also use this work to apply to other
business situations because business relationships are not easy. They are
not easy, but at the end of the day, you
are looking to build a big pot on the other
end of that rainbow. Yes, love and money are complicated,
(12:23):
I would say, but also the most complicated thing, when
met and achieve through, can be the biggest blessing. So
stick it out. I love that, you know, so, So
I think like that sums it up for us. There's
a couple of key points in there. I think he
needs to do a little bit more research and a
little bit more teaching, to go back to his partner
to maybe have the conversation to make him have a
(12:43):
deeper understanding of the technology that he's trying to implement.
But at the same time, I think you were right
on there's a lot of stuff that this young man
needs to take a look at um in terms of
himself and how he's consucting conducting himself within this business
relationship that I think could really afford him a little
bit of introspection there. Absolutely, he's he wrote to us,
(13:08):
wanting someone else to change, and that's always problematic. You
cannot want someone else to change and not be willing
to change. Also, you got to meet in the middle, right,
that's relationship or else go have your own business and
do it all the way you want to, but it's
less fruitful and it's less rewarding by yourself. On that note,
the mike has been dropped so co thanks so much
for coming through today. I think there are definitely some
issues here that a lot of us can relate to,
(13:30):
and you got right to the heart of it. You
are incredible. You make it easy. Thank you. Tania. Okay,
money movers. Thank you for being here with us. We
have an amazing guest coming to join us today and
I'm really excited to start talking to them. I think
you will be too, so make sure you keep it
lucked to the Money Moves podcast powered by Greenwood. Here's
a look at what's coming up spaking tomorrow from You
(13:54):
Won't want to miss The One the Only Angel Rich
Potti here. Essentially, we reverse engineer to Fair as a
credit recording system and apply a game the Candic to it,
so it's similar to Candy Crush, except for swapping around
candy to swapping around credit side. Money Moves is an
I Heart Radio podcast powered by Greenwood Executive produced by
(14:15):
Sunwise Media, Inc. For more podcasts on I heart Radio,
visit the i heart Radio app, Apple Podcasts, or wherever
you get your podcasts from.
Hey, Money Movers, Welcome back to Money Moves, the daily
podcast determined to give you the keys to the Kingdom
of financial stability, wealth and abundance basing. Hey everybody, and
welcome back to Money Moves. You know a lot of
(00:21):
people still struggle with fully understanding what blockchain is and
how it works. I know I do, but there's also
a clear knowledge gap based on what generation you happen
to be a part of. But what happens when that
generational gap begins to rear its ugly head in your
opinions of best practices When it comes to business. It's
hard to find a business partner with whom you agree
(00:43):
without every single point. But sometimes fights are harder to
pick apart. So I think we need someone who can
really help us dig into this one, and I've got
exactly the person. Let's welcome back to the show, the one,
the only, and our favorite therapist, Miss Soko Rain. So
they for having me back, Tanya. I'm excited to see
how you're going to challenge me today. Oh well, have
(01:05):
I got it in for you today? You will be
earning all your coins on this Money Moves podcast. Um,
but this is quickly becoming one of my favorite segments Soco.
So our letter that came in today is really about
how do you get someone from an entirely different generation
to see things your way? I already love it, all right,
(01:28):
so let me dive in and start reading this letter
to you. Dear money moves quite literally, I'm seeing the
generational gap at play in my business. My business partner
is an older gentleman in his mid sixties who was
meant to work as more of a silent partner, providing
mentorship and guidance as I build our business. I'm in
my late twenties and genuinely appreciate the guidance being offered,
(01:51):
but it seems like he does not want to step
into the year one. We run a brick and mortar
convenience store where customers actually come in to buyings. But
I've been toying with the idea of moving our entire
business accounting ledger and inventory tracking system to a blockchain ledger,
who eventually adding cryptocurrency is an acceptable form of payment.
(02:14):
I've done a lot of research and even spoken with
professionals that can help guide me to set things up
for a small fee, of course, and however, my silent
partner is totally and adamantly against it. He doesn't understand
how blockchain and cryptocurrency work and the potential they have
in this world, and believes that if the system crashes,
we'll lose everything. I understand his concern, but I think
(02:37):
he's misunderstanding how it all works. No matter how many
times I explain it to him, he doesn't get it
and he's still against it. Now here's the problem. I
would just do it, but as he provided the funding
for the business to get started, he is the majority owner.
We have a contract where over time I will buy
him out and retain more and more percentage ownership of
(03:00):
the store. But having a major is quite a ways
but having majority ownership for myself is quite some ways off.
I could just go ahead and do it without telling
him and assume he'll never figure it out, as he's
quite technology illiterate, But if he somehow figures it out,
I'm going to lose my sole investor. I don't know
what to do the end. Okay, So are we're just
(03:24):
gonna jump in? Yeah, I'm gonna let you take a
minute to unpack that in your head, but let's just
dive right in. Yeah. No, I can jump in because
it seems like the younger, the individual who wrote in,
is assuming role or position of as experts, and whenever
we enter thinking we know best or more, we're never
(03:45):
gonna be received well. Right, So you you always have
to give what it is you want. So if you
want for this older gentleman to be open to hearing
your why, you also have to meet him with open
except since and listening to his wife and keeping in
mind that he's done business longer than you. You work
(04:06):
with him. You called him a mintorn a guide. This
probably isn't the first new thing he's seen. Say that again, Yeah,
he's it hasn't come in this form, but I'm sure
that he's been on the cusp of new things and
seen them craft. So he his hesitation is warranted, right,
So we have to respect that and get to know
why it is he might be resistant. Now that's the
(04:28):
first thing that came to me, is like, Bro, you
gotta drop this had his expert and just be open
to what your mentor and guide has to teach you.
I love that. I mean, I can just think of
so many different examples of how you know, in my
own lifetime where we've seen things evolved, like I'm going
to date myself here, but I literally saw the internet
come in. I was going to the library when it
was the Dewey decimal system, and so I am sure,
(04:51):
you know, trying to come home and explain to my
parents why we needed to go online was you know,
a really tough thing to bite. And I think the
way you said it, where he's to framing himself as
like this top down approach of like this is what
we need to do because this is the future, is
a tough thing to swallow in that sort of business relationship.
It's huge. And any business owner who has had to
(05:12):
modify their business or do some sort of migration or transition,
they know what kind of headache comes with that and
what kind of man hours have to be hands on deck.
And so this guy is probably also the point where
he doesn't want to add that kind of stress. He
doesn't see that it's the cost is worth yea, worth
the gain the potential gain absolutely. Okay, what are your
thoughts here, because they actually it's a really interesting concept
(05:35):
that he's talking about cryptocurrency and you know, adding the
blockchain to their brick and mortar store, and you know,
this is a thing that even people that are deep
in the technology world have not fully embraced. That said,
I think that in twenty thirty years down the line,
this will be just you know, like our typical oxygen.
But what are some you know, examples that you could
(05:57):
give that could maybe help them sort of breach this
gap of knowledge and understanding so they could actually have
a conversation. I think that if the writer meets this
man with a more a sense of openness, that the
sixth year old might be more willing to be open
to hearing about what cryptocurrency is, the benefit, the advantages,
(06:22):
And I also think that it allows for some negotiations
so younger, younger guy can say, how about this, how
would you feel about these products being available for purchase
through or you know, some segment of sales or whatever.
So we can test it. Let's test it within our
business where it's like low risks, so that we can
I can, I can show you and maybe I will
(06:43):
learn that I it doesn't work right right there, that's
really the opportunity to test. I'm a very like show
me type learner, so I would like him to sort
of have presented, you know, even if it was is
like on a whiteboard or you know, coming to work
and saying this is exactly how it has to do.
(07:04):
Because I think they both have to learn. He's sort
of said, oh, I've had other professional consults, but if
you don't put that in front of your business partner, Um,
I don't think he has the ability to properly understand.
It's still this top down approach. Yeah. I think that
there's probably some these dynamics that they have seemed to
(07:24):
This cryptocurrency thing is not the thing that has created
this distance between the two of them, right, things Brew
and Stu And the way he talks about this older
man is like he's never going to get it. That
kind of attitude doesn't really lend weights like team or partnership. Yes,
I think that they have to do some or at
least the one who wrote in some reflecting like how
(07:45):
am I showing up? How am I meeting him? How
am I closing myself off? Yeah, to this process. I
think that's a really big deal because actually it's sort
of reminds me the way he actually talks about his
business partner. He says he's supposed to be a mentor
and learned, but he's a little bit short with him,
and let's move into the part where he's talking about, Oh,
I should just do it anyways and not tell him
(08:07):
like that's some real business deceit that is, that's a
great way to break trust and create further furtherir havoc. Yeah,
you know, younger generation. The younger generation, I'll say overall,
they do really well with standing in their power, and
that's something that we wanted for them for a long time.
That's something we wanted for ourselves. It's nice to see
(08:29):
someone else finally being able to do it, but they're
neglecting the student piece. We must always show up as student. Yeah. Yeah,
we lose when we don't, So navigating that balance, no,
I agree. Writer. We want you to know that trust
is probably the only thing that can't sometimes be repaired,
and so in business you want to treat it like
(08:50):
a marriage. Um. The two of you being fully transparent,
fully honest is so important because you want the same
from him. Um. So that's that's an area that I
wouldn't suggest doubling into because the repair becomes too difficult.
But could it could get to your own business where
you don't have to worry about anyone else and you can.
I agree. I didn't like that part at all, and
(09:10):
it seemed like he was really strongly leaning towards it,
but it also had this undertone of like he just
was such a know it all that you know, oh,
he probably won't even know if I do it. Anyways,
Like a lot of this part that did not resonate
well with me at all. And you know, if I
was advising this person, I would be like, absolutely not,
because like once you say, once you break that trust
(09:32):
and you you know, whether it's a business or a relationship,
it's almost you're almost irrevocable. I agreed. Um, okay, so
let's see. So can you walk us through some of
the ways these two might be able to resolve this issue,
give us some tools and tips. So I'm going to
ask the writer to do some kind of difficult self
(09:56):
work and embrace challenge. I challenges should be met as
opportunities to grow, develop and learn more about oneself. That's
a very evolved, very mature stance in all in all things.
If you can do that, your golden higher living next level. Congratulations.
(10:16):
So there's so much learning and not getting what we want.
I know for myself, single, way longer than I wanted
to be single. But all of the all the things
I had to sit with when I couldn't have what
I think, what I thought it was supposed to have,
that enriched my life, that may be powerful, That led
way to a business that I now run right the
(10:36):
pain experience and now able to help people through it.
So I'm thinking, like, ultimately, this individual wants control and
wants to be in charge. There's a reason, sir, you're
not in charge yet, So open to the lessons that
are available to you to learn. While you don't get
what you want until you do. You know, the the universe, God,
(10:56):
the world's circumstances, they humble us, they distorities. If we
allow them, if we stop restraining and stop trying to control,
then we really become our best, most evolved self. So
that's that's my charge to you. Wow, this is why
people go to therapy, y'all? Like that was a lesson? Wow?
I hope, I hope, listener, I really hope you can
(11:18):
internalize that and understand what Soco is telling you here
because that was the truth. It goes deep. Yeah, all
of our issues, these surface issues that we think we
have it's not about here, it's about under here. What
are you really after? Why do you think you can't
have it? What do you need to do to prove
to yourself that you're good, good enough without it? Yeah,
(11:39):
he's got work to do in some deep self reflection. Yeah,
come on over socore therapy. I told you she'd be
your favorite therapist. Oh my gosh, so co that was incredible.
And I think you know, there's a lot that all
of us can take away from this because this applies
not only to our business relationships but to our own
personal relationships. And I think these themes come up over
(12:02):
and over again. And if you listen to this letter,
you can also use this work to apply to other
business situations because business relationships are not easy. They are
not easy, but at the end of the day, you
are looking to build a big pot on the other
end of that rainbow. Yes, love and money are complicated,
(12:23):
I would say, but also the most complicated thing, when
met and achieve through, can be the biggest blessing. So
stick it out. I love that, you know, so, So
I think like that sums it up for us. There's
a couple of key points in there. I think he
needs to do a little bit more research and a
little bit more teaching, to go back to his partner
to maybe have the conversation to make him have a
(12:43):
deeper understanding of the technology that he's trying to implement.
But at the same time, I think you were right
on there's a lot of stuff that this young man
needs to take a look at um in terms of
himself and how he's consucting conducting himself within this business
relationship that I think could really afford him a little
bit of introspection there. Absolutely, he's he wrote to us,
(13:08):
wanting someone else to change, and that's always problematic. You
cannot want someone else to change and not be willing
to change. Also, you got to meet in the middle, right,
that's relationship or else go have your own business and
do it all the way you want to, but it's
less fruitful and it's less rewarding by yourself. On that note,
the mike has been dropped so co thanks so much
for coming through today. I think there are definitely some
issues here that a lot of us can relate to,
(13:30):
and you got right to the heart of it. You
are incredible. You make it easy. Thank you. Tania. Okay,
money movers. Thank you for being here with us. We
have an amazing guest coming to join us today and
I'm really excited to start talking to them. I think
you will be too, so make sure you keep it
lucked to the Money Moves podcast powered by Greenwood. Here's
a look at what's coming up spaking tomorrow from You
(13:54):
Won't want to miss The One the Only Angel Rich
Potti here. Essentially, we reverse engineer to Fair as a
credit recording system and apply a game the Candic to it,
so it's similar to Candy Crush, except for swapping around
candy to swapping around credit side. Money Moves is an
I Heart Radio podcast powered by Greenwood Executive produced by
(14:15):
Sunwise Media, Inc. For more podcasts on I heart Radio,
visit the i heart Radio app, Apple Podcasts, or wherever
you get your podcasts from.
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