אודות פרק זה
Today's episode features Joe Saul-Sehy from Stacking Benjamins.
Before creating a massively popular podcast, Joe made a lot of money mistakes.
This all came to a clash when he was working as a financial advisor, owned his own business, and still could barely get the money to get home.
Now Joe is bringing finances into so many homes via a unique comedic angle.
Listen, learn, and let us know what you think about this awesome episode!
Episode Summary
Joe's Background
Joe was in high school and remembers seeing news specials on money-saving tips
He also got inspired by the movie Wall Street
But it took Joe a long time to actually put it into practice
His parents pushed him to work hard but money was taboo
Making Money Missteps
On his first day at college, Joe spots a long line at an American Express Credit Card table
He talks about blowing money at the mall and fancy meals at Ruby Tuesday for his friends
Then things get real when he gets a bill and his parents refuse to help him
His credit was destroyed and the interest started building
Even in his professional life, he thought he had an earning issue, not a spending issue
But we know from famous athletes that a spending problem will always overcome earnings
Joe started earning more money with his own business but kept racking up debt
Keep in mind, his business was as a financial advisor
The breaking moment is when he has no money or credit to buy gas to get home
Joe had to dig for change in his seats just to get home
Turning Things Around
Joe realized he needed to "hide money" from himself
This meant automating money to go into separate accounts that he didn't see
He also realized that he couldn't go cold turkey
Joe gave himself an allowance so he could buy some of those entertainment items
He said it's important to not be too restrictive or else you'll relapse
Entrepreneurial Journey
Joe says he's a bad employee
He would always clash with a boss
Joe admits he also wasn't a great boss at first
He might hire people too much like him
Or spout off ideas through the day not thinking his employees would take that as direction
Starting Stacking Benjamins
Joe sold his business at age 40
This was inspired by a colleague who walked away because it wasn't fulfilling
That person, Chris, stepped away to go climb mountains across the world
Chris would then go on to start an adventure travel company
Inspired by this, Joe decides to go back to school to become a teacher/coach
He realized quickly that it wasn't for him
So Joe starts dabbling in a blog and creates the Stacking Benjamins podcast
He wanted to take the unique angle of comedy
They took it really seriously and even would attend comedy classes
Pulling From Others
Joe recommends the book by Austin Kleon - Think like an artist
He really recommends people look at others in their industry and pull all the best parts
It was actually a car podcast that was hilarious to him that inspired the Stacking Benjamin theme
Joe says he actually wants a finance show where no one learns a thing about money
In reality, people learn a lot but it doesn't feel like a class
He would go on to pull from a board game podcast, car podcast, and even a little kids podcast
Key Takeaways
Imposter Syndrome: Joe was a financial advisor but still struggled to follow his own advice. We all need help on this journey.
Let Others Inspire You: Don't feel guilty about taking takes from others as long as it isn't inspiration.
Call to Action
Change, assess, repeat. Start to source ideas from others and try them out. Don't just be stagnant!
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Sign up for our exclusive newsletter
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please leave a rating/review!
The FI show on iTunes
The FI show on Android
Check out our Partners
We’ve all heard of LinkedIn, but have any of you managers or small business owners used the platform to hire new talent? LinkedIn Jobs uses its state-of-the-art technology to put your listing in front of qualified candidates. When you’re ready to make that next hire, visit LinkedIn.com/FiShow to get $50 off your first job listing.
Express VPN is one of the leading virtual private network service providers in the industry. Before I learned about Express VPN, I used to use incognito mode when I wanted to protect my information and browsing history. But I was wrong. Your internet service provider can actually still legally sell your information even if you’re using an incognito browser. But when you use Express VPN to surf the web, the software encrypts your web traffic and masks your IP address to give you real privacy. Use limited-time offer ExpressVPN.com/FiShow for 3 months off a 1-year subscription. Start protecting your privacy today!
Joe's Information
Website / Podcast: Stacking Benjamins
Learn More About Your Hosts
Fly to FI (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
Before creating a massively popular podcast, Joe made a lot of money mistakes.
This all came to a clash when he was working as a financial advisor, owned his own business, and still could barely get the money to get home.
Now Joe is bringing finances into so many homes via a unique comedic angle.
Listen, learn, and let us know what you think about this awesome episode!
Episode Summary
Joe's Background
Joe was in high school and remembers seeing news specials on money-saving tips
He also got inspired by the movie Wall Street
But it took Joe a long time to actually put it into practice
His parents pushed him to work hard but money was taboo
Making Money Missteps
On his first day at college, Joe spots a long line at an American Express Credit Card table
He talks about blowing money at the mall and fancy meals at Ruby Tuesday for his friends
Then things get real when he gets a bill and his parents refuse to help him
His credit was destroyed and the interest started building
Even in his professional life, he thought he had an earning issue, not a spending issue
But we know from famous athletes that a spending problem will always overcome earnings
Joe started earning more money with his own business but kept racking up debt
Keep in mind, his business was as a financial advisor
The breaking moment is when he has no money or credit to buy gas to get home
Joe had to dig for change in his seats just to get home
Turning Things Around
Joe realized he needed to "hide money" from himself
This meant automating money to go into separate accounts that he didn't see
He also realized that he couldn't go cold turkey
Joe gave himself an allowance so he could buy some of those entertainment items
He said it's important to not be too restrictive or else you'll relapse
Entrepreneurial Journey
Joe says he's a bad employee
He would always clash with a boss
Joe admits he also wasn't a great boss at first
He might hire people too much like him
Or spout off ideas through the day not thinking his employees would take that as direction
Starting Stacking Benjamins
Joe sold his business at age 40
This was inspired by a colleague who walked away because it wasn't fulfilling
That person, Chris, stepped away to go climb mountains across the world
Chris would then go on to start an adventure travel company
Inspired by this, Joe decides to go back to school to become a teacher/coach
He realized quickly that it wasn't for him
So Joe starts dabbling in a blog and creates the Stacking Benjamins podcast
He wanted to take the unique angle of comedy
They took it really seriously and even would attend comedy classes
Pulling From Others
Joe recommends the book by Austin Kleon - Think like an artist
He really recommends people look at others in their industry and pull all the best parts
It was actually a car podcast that was hilarious to him that inspired the Stacking Benjamin theme
Joe says he actually wants a finance show where no one learns a thing about money
In reality, people learn a lot but it doesn't feel like a class
He would go on to pull from a board game podcast, car podcast, and even a little kids podcast
Key Takeaways
Imposter Syndrome: Joe was a financial advisor but still struggled to follow his own advice. We all need help on this journey.
Let Others Inspire You: Don't feel guilty about taking takes from others as long as it isn't inspiration.
Call to Action
Change, assess, repeat. Start to source ideas from others and try them out. Don't just be stagnant!
Join the Community
We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Sign up for our exclusive newsletter
Join our Facebook Group
Leave us a voicemail
Send an email to contact [at] TheFIshow [dot] com
If you like what you hear, please leave a rating/review!
The FI show on iTunes
The FI show on Android
Check out our Partners
We’ve all heard of LinkedIn, but have any of you managers or small business owners used the platform to hire new talent? LinkedIn Jobs uses its state-of-the-art technology to put your listing in front of qualified candidates. When you’re ready to make that next hire, visit LinkedIn.com/FiShow to get $50 off your first job listing.
Express VPN is one of the leading virtual private network service providers in the industry. Before I learned about Express VPN, I used to use incognito mode when I wanted to protect my information and browsing history. But I was wrong. Your internet service provider can actually still legally sell your information even if you’re using an incognito browser. But when you use Express VPN to surf the web, the software encrypts your web traffic and masks your IP address to give you real privacy. Use limited-time offer ExpressVPN.com/FiShow for 3 months off a 1-year subscription. Start protecting your privacy today!
Joe's Information
Website / Podcast: Stacking Benjamins
Learn More About Your Hosts
Fly to FI (Cody’s Blog)
Saving-Sherpa (Justin’s blog)
אנגלית
ארצות הברית
בפרק זה
תעתיק 🔗
Are you the producer of this podcast?
Add a podcast transcript
Need Audio-to-Text?
Transcribe with Listen411 in Just 60 Seconds
פרקים אחרים בפודקאסט הזה
Today's episode is a little different as Justin pulls back the curtain on his and Leslie's new venture, Life Well Worth It.
This passion project is a fitness and wellness retreat business that started with one big idea: what if they could take the unique lifestyle they created and the passions th…
In this episode, the tables are turned.
Grant Sabatier interviews Cody about his new book, Retire by 30, and everything that’s changed since he’s reached FI.
At the beginning of the podcast, you’ll hear a clip from 2019, just a few days into their 3-month book tour together.
A…
Today’s episode is a long-awaited return visit from Jeremy Schneider of Personal Finance Club.
Five years ago, Jeremy joined us fresh off selling his tech company for over $5 million, already retired at 36, and just starting to build what would become one of the most trusted personal fina…
Back in January of 2018, I (Cody) attended my first in-person FI event — CampFI in Florida.
I was 21 years old at the time, and my mind was blown. I was meeting real people who retired in their 20s, 30s, and 40s.
The guys from ChooseFI decided to record a community episode featuring some folks f…
Today’s guest is Chandler Bolt, founder of SelfPublishing.com
That’s the company that helped Cody publish Retire by 30 and hit bestseller status in three categories within 16 hours of launch.
Chandler dropped out of college with three months of runway, moved across the country to liv…
הצהרה: הפודקאסט והגרפיקה המוטבעים בדף זה הם מ-Cody Berman and Justin Taylor, שהוא רכושו של בעליו ואינו קשור או מאושר על ידי Listen Notes, Inc.
