About Stanley Morrical
I grew up in Fort Wayne, Indiana.
During my youth, Fort Wayne was a very much a part of the industrial heartland. International Harvester had ten thousand employees building Scouts. General Electric had ten thousand employees building electric motors. Dana built axles, Zollner made pistons, etc. Dozens of other businesses existed as supply chains, support and other activities.
It was a vibrant place. If you passed by any of the large industrial plants at the time of shift change, you saw workers scurrying in and out with their lunch buckets in hand.
My maternal grandparents moved north during World War II, when my mother was young. My father was born into a family that had been in the area for at least a couple of generations.
My maternal grandfather taught school for thirty years in a one room schoolhouse in W. Kentucky. He had a teaching credential that he earned in a teachers’ college. In Indiana, working in a factory paid better.
All four of my grandparents worked as union factory workers. My father was a Teamster and drove a truck that provided transportation for the industry that existed in our town.
Learning about business
Car Dealers tend to be bigger now. But, if we go back to the 80s or 90s these car dealers are family-owned businesses, I worked with oil jobbers, who were successful business owners during that time. They built and accumulated wealth.
I was a young guy doing their business insurance. A car dealer will buy 30 or 40 coverages. For me, that was a lot of money. Whenever I’m meeting with these folks, I learned a great deal about them and I learned a great deal about their business.
I got my securities license, I was in my early 40s. By that time, I have been running my own business for at least seven or eight years.
Wealth conversations with my daughter
These are the kind of conversations I have with my daughter. Even if she roll her eyes. At some point is, she will be able to connect these dots faster because I’m providing awareness and exposure. Eventually, she will say “oh yeah, that’s what my dad was talking about” and she can make an informed choice about her wealth and future.
My dad’s been dead for almost 40 years, and I still have those aha moments.
It’s not that I’m trying to educate her about it, I want to give her as much knowledge as possible. Over 40 years of financial knowledge that I gained being in the industry, so she can leverage it. And pass that knowledge to my grandkids.
Wealth accumulation is also passing knowledge.
My dad died at 45. Back in 1982. We found $10,000 in cash and shoe box. Well, if he bought Berkshire Hathaway stock at that time, our family would have gained $50 million. Now, that’s not an exaggeration.
Even $10,000 was invested in an index at that time would have still resulted in about 2 to 3 million.
He didn’t make that kind of choice, because he didn’t have that knowledge.
Final Thoughts... welcome to my dinner table
It’s very easy to identify and make a connection with those businesses. And see what they do in the larger, more abstract way. Likely, an everyday person doesn’t have that connection to those businesses.
I two groups that I want to help now:
I want to help the high wealth networks, but I also want to help everyday retirement people.
What I’m trying to do is to make that knowledge accessible and relevant. There is a broader purpose, too. How do we help professionals and employees make better and informed decisions in terms of using the retirement plan?
Which inspired to create this personal website.
If I had to describe it as a concept. It’s inviting you over my dinner table, where we have conversations about wealth.. Where you could be more informed or at least accumulate a bit of knowledge so you can connect your own dots as well.
