What advice would you give your younger self just starting in the workforce? With many recent graduates securing their first “real” job, that’s the question on our minds. Joining us to dish out sage advice, we welcome Paul Lambert (“Lambo”) from the FILighter podcast, Paula Pant from Afford Anything, and our resident financial planner OG.
In the second half of the show, sponsored by DepositAccounts.com, we dive deeper into less-common advice for new career entrants.
Be sure to stick around for Doug’s Bonnie-and-Clyde-related trivia question.
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!
Watch On YouTube:
Our Topic: Our advice to recent graduates
During our conversation, you’ll hear us mention:
- Advice for people in their first job.
- Normalizing risk-taking.
- Don’t overly focus on saving money, but rather increasing your income.
- Set systems in place to automate savings.
- Focus on growth.
- The importance of finding the right mentor.
- Give back to your mentors.
- How to position yourself at your job to learn and move up within the organization.
- Establish the right connections to advance your career.
- Learn how to deal with office politics.
- How to improve your soft skills.
- Socialize with your co-workers and be agreeable with your boss.
- How to get into the decision-making conversations.
- The mistake of self-isolating.
- Avoid lifestyle creep immediately after raises and promotions.
- Avoid getting into debt right away.
- Increase the gap between your income and expenses.
- The importance of delayed gratification.
Our Contributors
A big thanks to our contributors! You can check out more links for our guests below.
Paul Lambert
Another thanks to Paul Lambert for joining our contributors this week! Hear more from Paul on his show, FILighter Podcast at FILIGHTER Podcast with Lambo Podcast Series.
Paula Pant
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
OG
For more on OG and his firm’s page, click here.
Doug’s Game Show Trivia
- What’s the most money Bonnie and Clyde ever stole from a single institution?
DepositAccounts
Thanks to DepositAccounts.com for sponsoring Stacking Benjamins. DepositsAccounts.com is the #1 place to go when you’re looking to see if your rate is the BEST rate on savings, CDs, money markets, and even checking accounts! Check out ALL of the rates ranked from best to worst (and see the national averages) at DepositAccounts.com.
Mentioned in today’s show
- NewRetirement Calculator (affiliate link)
Join Us on Monday!
Tune in on Monday when we’re joined by Stanford psychologist Dr. Jamil Zaki who joins us to give hope to cynics and more money from your job.
Miss our last show? Check it out here: Our Favorite Investment Shelter (SB1562).
Written by: Kevin Bailey
Episode transcript
[00:00:00] Doug: My podcast has a first name. It’s S-T-A-C-K ing. My podcast has a second name. It’s B-E-N-J-A. [00:00:14] Hmm. [00:00:19] Doug: Live from the YouTube machine. It’s the Stacking Benjamin Show. [00:00:34] Joe’s mom’s neighbor, Duggan. As we finish out us. Summer of fun. Lots of newly hired graduates are getting their fill of adulting, so we’ll ask the question, what is our best advice for graduates who are new to the workplace? Heck, our older stackers might learn a little something too. We are joined today by a guy who’s known the workplace for a long time. [00:00:57] He is the host of the highlighter podcast. Paul Lambert plus a woman who worked as a newspaper reporter. What’s a newspaper again? Anyway, before she set up her own shop from Afford Anything, it’s Paula Pant and the guy who was working at, even in elementary school. Oh gee. But that’s not all. We’ll give you a breather halfway through this intense walkthrough, better Workplace Skills, so that you can all witness my amazing trivia question. [00:01:28] And now a guy who is about to make YouTube his workplace this next hour, it’s Joe Saul Sea High. [00:01:39] Joe: That went a different way than I thought you were going. Doug a guy who’s about to make YouTube his Whoa, whoa, whoa. This is a family show I edited on the fly. Yeah, thanks. Hey everybody, happy Friday. Let me be the first to welcome you. We are so happy to be hanging out here on YouTube with some of our stacker friends. [00:01:55] We’ve got a good one today as summer ends. What are the things that we wish we knew when we started working? Some of these are gonna be saving tips. Maybe they’re investing tips and maybe they’re just earning more money tips, maybe being a better worker bee in whatever organization that you’re in. But first, we need to know who the heck is with us. [00:02:15] And we’ll start with the guy across the card table from me. Mr. OG is here. How are you, man? [00:02:20] OG: Oh, just living the dream one day at a time. It’s fabulous. Just working for the weekend, right? My new trademark. Yeah. [00:02:26] Joe: Everybody’s working for the weekend. Everybody. Is Paula Pan’s working for the weekend from Afford Anything, aren’t you? [00:02:31] What weekend? There’s a weekend Spoken like an entrepreneur, Paula, every [00:02:34] OG: day’s a [00:02:35] Joe: Saturday for Paula. [00:02:37] Paula: Exactly. Every day’s a Saturday and every day’s a Wednesday. [00:02:40] Joe: We talked about this on a recent episode, but it’s funny how. Like, we first moved to Texarkana and all of Cheryl’s friends were like, what does Joe do at home all day? [00:02:48] Mm. He’s a podcaster. Doesn’t that mean he sleeps? [00:02:51] Paula: No, it means he is got like a closet full of what? Like a hundred board games? [00:02:55] Joe: That’s right. Not, oh, wait a minute. Yeah. Might be true. And our special guest today, our friend in College Station, Texas. He’s the host of the Five Letter podcast. Uh, Paul Lamber, AKA, Lambos here. [00:03:08] Lambo: How are you friend? Hello. I’m doing, uh, as good as possible here in Central Texas, buddy. I know, it’s like what, 103 degrees here in one 12? [00:03:17] Joe: Probably, yeah, 12. Right? About 120% humidity. [00:03:20] Lambo: Whoa, that bird just fell over. [00:03:24] Joe: It’s a common occurrence in Texas. It reminds me of that, uh, Doug. What’s that Nate Brizi joke? [00:03:29] Uh, that, that long piece where he’s going to see Mount Rainier and they saw the Dead Horse. Oh, the dead Horse. Yeah. I dunno if you guys have heard that one. Paul, if you heard that one, apologies. Know who Nate Brizi is, correct? I do not know who he is. Uh, you’d [00:03:40] Doug: like him. You’d [00:03:41] Joe: like him, Paula, it’s just a long, just so everybody knows, it’s just this long joke. [00:03:45] He starts off by talking about what do you do if, uh, your horse dies? Like, um, you know, you can’t like get a new one that looks the same before your kids get home from school. So, so they don’t even notice. You also can’t, uh, pay your friend’s pizza to help move the horse. And he goes through this whole thing. [00:04:00] Well, they go up to Mount Rainier and they come back. Turns out Naper gaze learned that horses, uh, sleep laying down. The horse was as alive as ever and it was, it was never a dead horse. Never once a dead horse. Paul is like, [00:04:12] Paula: have you tried beating the Dead Horse? No. [00:04:16] Joe: Horse. I think I’m doing it. Dead horse man. [00:04:16] I think I’m doing it with this, uh, story, aren’t I? Yeah, that’s a journalist way of say, move on, Joe. All right, fine. Well we got a great, we get a great show show. If you gave [00:04:24] Paula: me that horse show, I would not look it in the mouth. [00:04:28] Doug: Paul Apparent. Ladies and gentlemen, what showing up with the puns tip your weight staff folks. [00:04:34] Joe: She is, she’s unprecedented on fire. You, you gotta go down to, uh, to Caroline’s and, and get yourself on stage. Paula? [00:04:42] Paula: No. What is that? A comedy club at Improv Club [00:04:45] Joe: And she ruined it. [00:04:47] Paula: One of us, one of us lives [00:04:48] Joe: in Manhattan. One of us lives halfway across the country. Guess which one knew what Caroline’s was? [00:04:53] Yeah. It is a comedy club on, uh, times Square. Oh, so very famous comedy club except for Paula Pan. I was gonna say, [00:05:00] Paula: yeah. I don’t know if maybe be that famous, if Paula doesn’t know [00:05:02] Joe: about it. That’s right. You know another company, Paula is famous. Is it State Farm? It is State Farm. And this episode is brought to you by State Farm. [00:05:13] In the market for small business insurance. State Farm knows your business is your life. State Farm agents are small business owners too, so they know what it takes. They can help you create a personalized insurance plan that fix your small business needs and budget. Small business insurance from State Farm like a good neighbor State Farm is there. [00:05:30] Talk to your local agent today. All right, we’ve got og, we got Paula, we got Lambo here, we’ve got Neighbor Doug. Let’s get this party rolling. But first I. [00:05:46] All right. Again, the topic today, often when we, when we have our Friday shows, we have some stuff from the internet, some, uh, writings that a blogger had. But you know what I was thinking? We’re coming to the end of August and all of these, all of these college graduates are, uh, hopefully either in the process of finding that first job, maybe they recently found that first job. [00:06:06] And I know there’s things that I look back and I’m like, yeah, man, if I would’ve done that differently, then things might have. Might have turned out way, way, way differently, and not that I’m complaining about where I’m at, but I could have probably gotten there a little quicker. So Paul, let’s start with you. [00:06:21] What is some advice that you would have from your long career that may help somebody in their first job? I. [00:06:28] Paula: So, uh, this is probably not what you’re expecting. Well, wait a [00:06:30] Joe: minute. I, I love you Paula Pant, but I was talking to Paul Lambert. I’m sorry. You better call me Lambo. Today’s, I [00:06:36] Paula: know we do call. You better call me Lambo. [00:06:38] Lambo: That’s way too close. [00:06:39] Paula: Paul. [00:06:41] OG: Paul? Yes. Paul. What, uh, what do you think? And they, you know, I could go ladies first, but I went our guest first. [00:06:48] Joe: So Yeah. [00:06:48] OG: Step aside. Paula lap. Yeah, Paula, [00:06:51] Joe: back it down. Ms. Ford. Anything [00:06:54] Lambo: to Paul to. [00:06:56] Joe: Yes. [00:06:56] Lambo: Thank you. Thank you. Yeah, I thought a little bit about this, but one of the biggest things, and I, and looking back on my career, I’ve early retired, uh, if you want to call it that when I was 56. [00:07:07] But early in my career, I, I really wished I would’ve taken more risk. And when you don’t have anything to lose. You have an opportunity, and along with that comes being able to see opportunities. You know, windows open and shut all the time, and those windows don’t stay open. If there’s an opportunity, you either go through the window and take that jump and that risk and potentially reward. [00:07:31] Or you miss it And uh, sometimes they come again and sometimes they don’t. But you guys have all heard stories of people that wish they would’ve, uh, traveled Europe with their backpack and then they never got a chance to do it. You know? Yeah. Those kind of things are true in, in the workplace as well. And you know, particularly if you have another language skill. [00:07:49] If you’re working in a global corporate organization, chances are they’re standard systems, standard reporting. If you speak a language and you have operations in that same country, or a country that speaks the same language, take that opportunity to to go work in a foreign destination and build up your skillset. [00:08:08] And you’ll find frequently those people move from operation to operation. They come back, uh, when they’re middle aged and they raise their family back in their home country. They’re in senior management and you wonder, I don’t wonder how they got there, but a lot of them took those risks. And the one other thing I wanted to mention on this question. [00:08:28] Is to build some mentors and advisors, even peers. Joe, I think, uh, you and OG worked together at one point, didn’t you? We did, yes. Yeah, I was OGs mentor for the last [00:08:38] OG: 15 freaking years, you know, but who’s counting? OG totally looked up to me. I don’t know [00:08:42] Lambo: what that relationship was like, but perhaps you put [00:08:44] OG: oil and water in a jar before, right? [00:08:50] Lambo: I can imagine. [00:08:51] OG: Well, I ever do the science experiment with pepper and you take a bar of soap and you. Dunk it in the pepper, what happens in the water? Just there’s [00:09:00] Lambo: Joe. Well, I, I kind of put this in two groups, you know, I had some mentors that really were kind of career, career mentors, and then I had other mentors. [00:09:10] You know, there’s two things. There’s the technical aspects of a job, which you can learn pretty easily if you’re motivated, you know, and you’re willing to. To just think about things and and learn things. Do the study you have to do. But then there’s soft skills. A lot of us have soft skills that we don’t know about that really aren’t good for us. [00:09:28] Joe: It’s funny they call the soft skills, soft skills, but I think for a lot of people, those are the skills that wreck you. So I kind of think of them as the harder skills, you know? Yeah. Because when people wreck them, wreck their career, it’s often not the technical knowledge that wrecks it, it’s the fact they don’t have any communication skills. [00:09:41] They can’t talk to boss, they can’t talk to coworkers, they can’t talk to the right customer. Why are you guys [00:09:45] Doug: both looking at me? When you say that, [00:09:48] Joe: well, uh, I wanna stop you right there for a second, Lambo. ’cause there’s a ton to unpack and I wanna bring in OG and Paula. Paula, let’s go to you. Paula Pant. [00:09:56] Let’s, let’s go to you on this. I like what Lambo is saying about taking risk because early in my career, mm-hmm. You know, my first job I was like, I don’t wanna rock the boat. I don’t wanna, and man, I should have been out there meeting as many people as I could going and, uh, taking advantage of as many opportunities as I could. [00:10:12] What about you? [00:10:13] Paula: Yeah, absolutely. I completely agree with that. I think taking risks, not, I mean, early and often, right? So start early in your career, but then that becomes a muscle that you’ll continue to flex throughout the rest of your life once you build that muscle. You will be primed to continue taking risks in your thirties, forties, fifties, heck, sixties. [00:10:33] You know, Colonel Sanders was 62 when, when he franchised KFC. [00:10:37] Joe: It’s funny, Paula, when you, when you say that, that you normalized taking risk and you get comfortable with it. Mm-Hmm. I had a guy that I worked with in college. I worked for the Michigan State Development Fund, raising money for the university. [00:10:49] So we, we, we were those annoying people who would call alumni and ask ’em to give money. We had a guy named Mark, mark Brower. Mark was the best student of all of us, and on our screen it would tell you how much money to ask the alumni for. It would say a hundred dollars, two $50, $500, or a thousand dollars at the time was this Monster pledge, right? [00:11:07] It was a lot of cash. Mark Brower, Paula would ask everybody for a thousand bucks. He would ask every single person for a thousand bucks, and it wasn’t that he thought that he could get it from every alumni. ’cause certainly that’s still a lot of money today to get somebody to donate. But when a true thousand dollars donor came along. [00:11:24] He wasn’t nervous, he wasn’t worried about it. Mm-Hmm. He was so conditioned to taking that risk and it didn’t feel like a big number. ’cause he did that with everybody and he’s like, then you know what? I trusted that I could back down from everybody. And it’s funny because you can, you can always back stuff down, but you can’t go up further. [00:11:38] You set your own ceiling. Paula. Mm-Hmm. Right. So he, [00:11:41] Paula: he basically anchored high. He anchored at the aspiration point and then it was amazing. Yeah. I love that. That makes a ton of sense. So to add to that, this is I think, a related concept. The advice that I would give is not to focus, not to overly focus on saving money, because particularly, I mean, throughout your career, but particularly at the beginning of your career, you have so much opportunity to try to make more money, whether that’s by moving to a different employer or by shifting or pivoting what it is that you do precisely, or, you know, like, so when I started working. [00:12:18] My full-time salary, this was in December, 2005, was when I took my first full-time job. My salary at the time was $21,000 a year, and so I just ran that through the, uh, bureau of Labor Statistics bbls.gov. They have a CPI inflation calculator. That’s the equivalent today of 33,500. So I was making today’s equivalent of $33,500, and I was focused on how much can I save? [00:12:45] How much can I save? How much can I. Man, if you’re early in your career and likely you’re not making that much, you might only be making $33,000 today. Don’t focus on saving. $3,000, you know, and patting yourself on the back about your nearly 10% savings rate. Focus on taking your salary from 33,000 up to 43,000 or up to 53,000. [00:13:09] Joe: I agree with that as a focus. But don’t you think there’s also power in, we just talked about this on Wednesday, show, there’s power in building that muscle early though of getting that automatic savings Flex started like just get used to it. [00:13:21] Paula: When it comes to. I have two answers to this. When it comes to making sure that some amount that automation is set up so that there’s some small amount that’s going into your 401k, I would agree with that there. [00:13:34] But when it comes to. All of the skimping that you have to do. Yeah, in your day-to-Day life, going to the grocery store and picking up the carton of orange juice and putting it in your cart, and then walking a few feet and realizing, nah, I, I can’t pay for this right now. And putting the carton of orange juice back. [00:13:51] That skimping and that feeling of deprivation can often make the pendulum swing too far in the other direction later in life. [00:13:59] Joe: Spend your mind space on growth. [00:14:03] Paula: Yeah, exactly. [00:14:04] Joe: Yeah. Oh gee. This idea that Lambeau brought up about mentorship also a big one. I wish I would’ve, I wish I would’ve realized how comfortable people would’ve been mentoring me at an early age. [00:14:15] How about you? [00:14:16] OG: That’s interesting. I, I was thinking about that in the context of, uh, the exact opposite of, of having not, not necessarily not having a mentor, but recognizing the, the correct one and the incorrect one in my earlier career. I had one that was great for that period of time, and then later on in my career kind of circled back to that same relationship and it was not what I needed. [00:14:39] Oh, that’s interesting. And I, and I also recognized partnerships and things like that, that I had earlier in my career. Uh, thankfully kind of figured out pretty quickly that that was kind of a different path than, than what I thought I wanted to do. You know, it was just kind of, oh, you’re going that direction and, uh, it’s not for me. [00:14:56] I’m gonna go this direction instead. And that can cause a lot of. Ripples in the, in the universe also. So I think having somebody who is far enough ahead, I think, I think when it comes to people around you, you wanna have people that are pulling you with them and people that you’re pulling with you. When we get older, and my wife and I talk about this a little bit ’cause we have like two different groups of friends. [00:15:23] We were at the opening kind of school party, you know, Hey, back to school. Everybody’s back to school. We were talking with a family and they’re like, wow, it’s, can you believe the, the boys are, you know, seniors, they’re gonna be going to college. This is so crazy. I can’t believe we’re gonna be empty nesters. [00:15:36] The, the woman kind of stopped. She goes, well, I mean, we’re gonna be empty nesters. Do you, you guys have some time yet? How William’s sophomore? We’re like, well, yeah, Caroline. They’re like, oh yeah, yeah, okay. Well good luck with that. It was like this weird, you’re not in the club. Yeah, we were part of the club for a minute and then it was like, oh yeah, you’re not in the club. [00:15:56] Right. But we’re the young parents in that group. And then the other group with Caroline, our daughter, who’s the third grade, we’re like the old parents. Like, how do you guys manage three kids? Oh my God. You know, you’re like, man, that one drives that one to wherever they gotta go. And this one we feed. You know? [00:16:12] And it’s a weird thing, and I think it’s important to. You know, as you’re going through your, whether it’s work, career or personal life, it’s always good to have somebody that’s kind of just ahead of you that’s maybe accomplished the things that you have that you kind of envision accomplishing, or at least can prove to be a good director or, Hey, I’ve been down this path once or twice, this is what worked for me or not. [00:16:31] And then also I think it’s our responsibility to find people that are behind us that wanna go the direction we’re going and go, let me show you the way, lemme let me tell you what I did. That’s based on what he or she did. You know, you just kind of always make sure you have people behind you and people in front of you. [00:16:44] If you don’t, you end up with like a bunch of 65-year-old friends at one time. Yeah. You know what I mean? Like all of a sudden, like all your friends are 65 and you’re like, wait, I. I need to have some 45-year-old friends too. Yeah. ’cause I wanna do the things that they’re doing. I mean, that’s basically my role in this whole thing with all you old guys is like, I’m the young guy. [00:17:01] Oh my God. Yeah. That you guys are all, you know, aspirationally looking back toward going, oh my gosh, remember? Remember when we had the looks and the hair and the. Prowess of OG of that young buck right there. And the false [00:17:15] Joe: sense of confidence. The [00:17:16] OG: overconfidence. Yeah. [00:17:18] Joe: Yeah. If I could have the misplaced confidence of an OG again, like I used to, [00:17:22] OG: that was great. [00:17:23] Remember that 10 years ago though, from the days [00:17:25] Joe: back when you were mentoring? Yeah. Uh, that is important. And I’ve stepped in that before where, when I was young, I thought that I, uh, I looked up to the older people that I worked with so much that I didn’t really become friends with them. I had this invisible wall and it wasn’t their wall og, it was my wall because I just, I don’t know. [00:17:43] It was the inadequacy feel between your ears and I totally needed Well, yeah, to get closer to. Uh, I think [00:17:48] OG: it’s really funny when we, again, listen and I were talking about this with kinda the relationship of where we are and in our careers and, and life and that sort of thing, and just kind of the interesting shift of time. [00:18:00] Like we’re older now than her parents were when we first met. [00:18:04] Lambo: Yeah. [00:18:05] OG: You know, it’s like, wait, hold on. I. I knew her parents when I was five year, when they were five years younger than I am today. Like, holy crap. Like, yeah, you know, it’s just weird to think about this, this kind of evolution of time and you’re just kind of with the same people. [00:18:20] But I think you have to make a conscious effort to go, you know, look beyond where you are to have some aspiration, but then also. To look behind you and, and be a mentor or a guide for those people that are on their way still, [00:18:32] Joe: uh, Lambeau in your career before you retired, what did you do? [00:18:35] Lambo: Primarily operational finance. [00:18:37] Uh, I was a CPA, I’ve retired status now, but uh, my entire career I started in public accounting and then I. Jumped into a medical device business for a dozen years in the financial areas. You know, I like what OG said earlier about lifting the people up. I had a, a really tough boss. He was a Naval Academy graduate, the VP of Finance, and he put me in these different roles. [00:19:01] Some of them I didn’t necessarily want to do, but he really convinced me I needed to do ’em. But he was basically. Given me opportunities to get the bandwidth in different roles to move up in the organization. Because look around the baby boomers are all aging out of some great jobs. And I had a boss later in, in the oil and gas business, he was the corporate controller. [00:19:25] Lambo, he says, we just need to stay in our roles because we don’t have to take a bad job. These baby boomers are gonna retire and there’s gonna be great jobs out there, so don’t settle. And, and then I mentioned opportunities. I had the corporate controller at a larger company that bought us, bring me in, and he said, you know, um, I want to create this assistant corporate controller role. [00:19:50] I gave it a little thought and I said, I don’t think so. Well, I didn’t realize he was retiring in two years. Oh man. And he was giving me a great opportunity. Missed it. It’s like, yeah, yeah. Anyway, but you know, I worked in operational finance and, and also business strategy, uh, and business applications. [00:20:08] Rolled out global EP solutions. You know, I did some things late in my career that were really the, the most fun. My entire career, and they were not in the accounting organization. When you walk away from monthly and quarterly deadlines and compliance. I was director of Sarbanes Oxley, an internal audit at a corporate public company level. [00:20:27] That ain’t fun. That ain’t fun. Well, I thought that had fun written all over it. So sounded amazing. Yeah. But, uh, trust me, when you’re walking on a sand dune in Saudi Arabia looking at a new plant site, it’s a lot more fun. It’s just a lot more fun. [00:20:42] Joe: You know, it is interesting when you talk about, you know, not seeing exactly what the opportunity is, the number one financial planner. [00:20:48] At American Express when I was there, told me he’s gonna bring me into my organization or into his organization. I was gonna get to learn from him and I was gonna take a pay cut to do that. And he told me point blank, he said, I know the recipe. And I told him, ’cause I was young and cocky and stupid, I said, half the fun is coming up with the recipe and I think I can make my own recipe. [00:21:09] So, no thank you. And that was the dumbest thing. It was just the dumbest thing. He’s like, [00:21:13] OG: alright, see you later. Yeah. Best fish is, was [00:21:16] Joe: so dumb. Had I gone to work for that guy for a couple years, it would’ve been amazing. Little, little, uh, for Gump. And then we don’t have to worry about money [00:21:24] Lambo: no more. [00:21:26] Exactly. Yes. Yeah. I will say, Joe, I took two double digit pay cuts in my career. I never was without a job. Uh, but uh, when you’re bought out and you’re at a corporate level. You’re redundant just like that. Right? So I stayed on with an organization. It took me five years to get back up to a vice president level, but it was when my kids were all in middle school and high school, and the last thing I wanted to do was pull ’em all out and move somewhere. [00:21:54] Hmm. For me, that was a life decision my wife and I made, but it was easy to make. It was an easy decision and, and it turned out to work out fine. And the other one was when I, I moved from Houston to College Station, uh, to a small. Pre IPO biotech, right about the.com bust. You know, I didn’t get Rich, but I did get to College Station. [00:22:15] So, um, it got me out of the Houston traffic and that was worth an awful lot. And it was a great place to raise the family. [00:22:22] Joe: And that is interesting. You know, I mean, you, you’ve got this thing when you’re a parent, you talk about taking risks. What if the risk isn’t just you? What if it’s the family where you take that risk? [00:22:30] And we did that when my kids were between eighth grade and, and high school ended up working out. Great. It’s like a, just another, another life lesson I wanna dive into more in the second half of this. ’cause uh, hopefully if we’ve got new graduates out there, this is a wealth of knowledge. But at the halfway point of every Friday show, we have a trivia contest between our three contributors. [00:22:52] Paula Pant, og, and uh, Lambo. Today you’re playing for mom because mom doesn’t do stairs. She has no interest in answering, uh, trivia questions. So you get to play for mom today, which means Lambo. You’ve got some good news and some bad news. [00:23:06] Lambo: What’s the [00:23:07] Joe: good news? The good news is, is you’re not last place. [00:23:10] You are tied for last. You are tied for last with the Pulant, who a couple weeks ago won two in a row, which I don’t think has happened in the history of trivia OG, though. Took back the ring last week. So Paula, unfortunately you had that two game win streak interrupted. But can Paula get back to her winning ways? [00:23:29] Can Lambo win for mom? Can OG continue to pull ahead? Well, we need a trivia question. And guess who’s got that neighbor? Doug does. Doug. What do we got, man? [00:23:42] Doug: Hey there, stackers. I’m Joe’s mom’s neighbor, Doug, and on today’s date in 1973, a botched bank robbery in Stockholm, Sweden resulted in a hostage situation where the captives formed a weird bond with their captors giving rise to the phrase Stockholm Syndrome. Wait a minute. It sounds weirdly like what’s happening here in mom’s basement with Joe and, oh gee, am I finding myself liking these guys? [00:24:08] Huh? I mean, they took the lock off the door to the basement like 12 years ago and I’m still here. Why is that? Anyway, this got me thinking about bank robbers and of course, the ones who came through the Texarkana area were none other. Then the media darlings, Bonnie and Clyde, because it was the Great Depression. [00:24:27] Many people cheered on the burglars even though they were truly ruthless outlaws. Here’s today’s question. What’s the most money Bonnie and Clyde ever stole from a single institution? Oh, yeah. I’ll be back right after I checked to see if the cookie jar is unlocked upstairs. I haven’t been up there in years or at least [00:24:48] Joe: minutes. [00:24:49] Yeah, OG Bunny and Clyde. Across Texas. They, they, uh, stole some money from a bank in, uh, grapevine. Not far from where you live, [00:24:58] OG: huh? Yeah, I am woefully inadequate in my Bonnie and Clyde Pop knowledge. [00:25:03] Joe: Oh, I know you’ve got Bonnie and Clyde posters all over your room. Don’t. [00:25:08] OG: But, um, why do I wanna put these guys with the same group as, um, Thelman Louise? [00:25:14] Is that a [00:25:14] Joe: similar, it’s Thelman Louise kind of had a Bonnie and Clyde. Is that okay? Vibe? All right. All right. I, I don’t know that I [00:25:20] OG: ever watched the movie, but that’s just kind of, I think one was that and Fried Green Tomatoes. I just wanna put that all together. [00:25:25] Joe: One was real life, the other one was pure fiction. [00:25:28] OG: Oh, well, I mean, obviously one was a movie, but, okay, so you, it’s basically implying that they’re stealing from banks. Is that safe to say? Yes. Is that what we’re you said institution? Yes. [00:25:38] Doug: Institutions [00:25:38] OG: money is surprisingly. Hard to carry. You know, it’s like when they show in the movies and they’re like, we just stole $85 million from the bank. [00:25:47] The vault at the No you didn’t like that would take like five dump trucks and 75 hours of manpower to like move that. So, um, I remember seeing a pallet of money when I worked at a bank, like a pallet of hundreds, and it was like. 200,000 maybe or something. It was just, it was so much money, but so little money in the grand scheme of things and thinking like nobody could take that, like that would take a hundred people to carry that outta here. [00:26:17] So I’m gonna say it’s a lot lower than what we might think here. Plus it’s depression not carrying a lot of this, you know, inflation. Paul has gotta get her reverse BLS calculator out. Uh, right now I got the refer. Right now I got the BS calculator going. I knew that was coming. Good job. Yeah. You took the joke that everybody knew was there. [00:26:35] You’re welcome. One point, um, I had in my mind 34,000, but I think that’s way, way, way, way too much. So I’m gonna say $3,400. 30. Wow. $3,400. [00:26:48] Joe: From 34,000 to 34. Hundred Lambo. What are you gonna do with that? [00:26:53] Lambo: Uh, I want to go after Paula, if that’s okay. Well, you can’t, no, no. Oh man. Who is this guy? I love that. [00:27:02] I’ll pass until next round. Bill. I wrote down two numbers, but freaking OG split my numbers. I’m gonna go with one thousand two hundred and fifty one thousand two hundred and fifty. You went lower. Why’d you go lower? Well, I was thinking 5,000, but I didn’t want OG to get under me. [00:27:23] Doug: All right. Wow. Oh God. [00:27:24] Yeah. You really, [00:27:25] OG: it’s a nickel for every time [00:27:27] Lambo: somebody said that. [00:27:29] Doug: My, you cannot tee it up like that. Lambo. [00:27:32] Lambo: And you know Paul is gonna go a dollar over og. All [00:27:37] Doug: right. Paula OG is a bottom. [00:27:51] OG: Paula’s turn on the live podcast. [00:27:55] Paula: Well, uh, og, what was your guess? What was that number? 3000 something I [00:28:01] OG: said 3,400. [00:28:02] Paula: 3,400. All right. Well, Lambo, guess it. I am going 3401 cent. There [00:28:10] OG: is, I don’t even get, I don’t even get the dollar, I don’t even get 50 cents of my [00:28:14] Joe: number. I know her ways. No, no breathing room. [00:28:20] OGs like the sandwich now. All right. We’ve got, uh, $3,400, 3401 cent and 1,250. Let’s see who’s right. How far away are they? Bonnie and Clyde. Trivia. We’ll be right back with the answer. [00:28:36] og, you kicked it off with $3,500. What do you think you got sandwiched? [00:28:42] OG: Uh, I said 3,400. 3,400. Sorry. You did. I do like the OG sandwich. [00:28:48] Lambo: So [00:28:49] Joe: double stuff [00:28:50] Lambo: baby. [00:28:51] Joe: Hashtag goals. Lambo. You went to 1250, you’re like the outlier. ’cause Paul is right there where OG is. He feeling confident. I got mom man. I got mom. [00:29:01] She’s, she’s ready to win. Well, we will see [00:29:03] Lambo: Paula feeling good. [00:29:05] Paula: I mean, I’ve captured the upside. So there’s, there’s a lot of space. There’s a lot of space there. And it’s a bank. [00:29:10] Joe: These are banks. What’s the most money? Heck, they’re banks, right? Yeah, exactly. Exactly. But then again, Paula, we’ve said how many times what could go wrong? [00:29:18] I know. And Paula, Jesus’ trivia, who knows? Yeah. [00:29:20] Paula: Watch. [00:29:21] Joe: They’ll have taken half a cent. Half. Let’s see if Paula gets back to her winning ways. Doug, what do we got? [00:29:30] Doug: Hey there, stackers. I’m Stacking Benjamin’s, bringer of fun and voluntary hostage here in the basement, Joe’s mom’s neighbor, Doug. Thank God OG took the ball out of my mouth so I could read you the answer. Today’s question was, no, no. How much money did Bonnie and Clyde steal at most from a single institution? [00:29:52] Well. Paula was over by $1,900 and one Penny OG was over by a clean, even 1900 Lambo slash Mom was under by $250 because the correct answer is an astonishingly low $1,500 making our guest today’s winner. Yeah, baby [00:30:16] Joe: Lambo. Bringing it home for mom. Congratulations man. Thank you. It’s great. I. Gotta give OG a run for his money into the fall, and now it’s. [00:30:28] 12 to nine, to eight. But Paula, you gotta be feeling more comfortable. Now. This is a, this is a good spot for you, [00:30:34] Paula: firmly last place as I typically rank. [00:30:37] Joe: But you know what, we’ll have you go first in the second half of the show, which Paula is brought to you by deposit accounts.com huh? Like that segue ah deposit accounts.com. [00:30:46] When you go to deposit accounts.com, you find out that that brick and mortar bank probably not treating your rights, looking at you. Bank of America, Wells Fargo. The average savings account in America pays 0.51 in both of those institutions paying far south of that. But at deposit accounts that I just went there while I was talking, they show you the top 1% average in savings account, CDs checking and money markets savings accounts this week, slightly higher than when we talked about it last week. [00:31:10] 4.93%, still flirting with 5%, but that’s hundreds of banks in that top 1%, 4.93. You click that button, it’ll tell you what those banks are. Compare more than 275,000 deposit rates for over 11,000 banks of credit unions. Do it for free@depositaccounts.com. Get that high yield savings account that you need to keep, uh, up with inflation. [00:31:30] Alright? Or keep close to inflation anyway. Uh, polo, let’s go to you. Advice you wish you had right outta college, starting your first job. I [00:31:40] Paula: would have liked to have had someone. I would’ve liked to have had some more instruction on the subtleties and nuances of office speak and office culture, because there’s a certain politics involved and there’s a certain, uh, there are just, there’s certain. [00:32:03] I don’t even know how to say it. There are certain subtleties that take place in the workplace that you don’t really encounter anywhere else. Like we had to [00:32:11] OG: teach [00:32:11] Paula: Doug [00:32:12] OG: wear pants. Yeah, subtlety. It’s not written down anywhere. It’s not in the guidebook. It’s just assumed that you’d come to. Come to work, fully dressed. [00:32:23] Doug: Thought this was a casual work environment. [00:32:25] Paula: Well, technically his camera right now is only showing him from the waist up, so who knows? [00:32:31] Doug: Thank God, who knows, by the way, wild and free. [00:32:33] Joe: That is difficult. What, what’s interesting, Paula, is that it’s a, it’s a subtle line though, right? Like from where I always sat when I got better at it. [00:32:40] And to your point, I didn’t know any of that. I just thought work hard, keep your head down. Right. I need to actually learn to be better friends with my boss because there is such a thing as your boss liking you or not liking you. And just working hard for the vast majority of bosses is not enough. You at least have to have a relationship with your boss. [00:32:57] And I, I had this work hard and that was it. But on the other side, later in my career when I knew Paolo what was going on, those people that were spent all day sucking up to the boss and never freaking did anything. Mm. Like their careers also went nowhere. [00:33:10] Paula: Right. Yeah. Yeah. You gotta [00:33:11] Joe: do both. Yeah. [00:33:13] Paula: There’s all substance. [00:33:14] No style. There’s all style. No substance. Yeah. Yeah. You know, you, you need a blend of the two. [00:33:19] Joe: Yeah. What’s interesting about that though, Paula, too, is learning the rhythm of the office. I would encourage people then to go out with your coworkers, like after work, spend time socializing with your, with your coworkers a little, just so you understand the people that are you’re working with. [00:33:33] Paula: Yeah, exactly. But there’s also, there’s a certain, like who do you CC on an email? There’s a certain level of politics even to that. Yeah. Like who gets CC’d and when and why and who, just those were the subtleties of the workplace that as a newbie, I found it quite, uh, difficult to learn. Well, there were some other things [00:33:54] Joe: too, which were uh, when do you put it in writing? [00:33:56] By writing an email. Mm. And when do you not put it in writing and just go talk to somebody? Because there were a couple times I wrote an email. And then that, that ended up looking like a bigger deal than I wanted the thing to be. [00:34:10] Paula: Right? Yeah. Yep. Same. [00:34:13] Doug: Yeah, same. Yeah. Doug, you, you know, Paul, I’m really glad you, you bringing up this, this whole topic about the subtleties of workplace politics. [00:34:22] That’s something it takes. Some people never get it. Some people, you know, it takes 10 or 12 years and they’re different at every work environment, right? It’s set by the culture in your company and by individual leaders. I remember, uh, key learning I had was that the decisions. Almost never get made in the meeting room. [00:34:38] Mm-Hmm. In the conference room, the decisions happen in the hallway. Mm-Hmm. By key individuals. And you go to the meeting room to sort of publicize and get everybody to nod their heads about the decision that already got made. It doesn’t get phrased that way when you’re in the room. When you’re in the room, it sounds like, oh yeah, we’re here to talk about this thing and see, but. [00:34:56] If there’s three or four people who’ve already helped make that decision, they’re gonna steer that conversation to support the decision they already made. And so the, the more you know that you gotta figure out how do I get in on those hallway discussions and hallway decision making right before, because if you just walk into the room cold Yeah. [00:35:10] You are never gonna be in that inner circle. [00:35:12] Paula: Yeah. And, and I think it gets even harder now when there are like hybrid work environments. And there’s some people who are working fully remote and there’s some people who are partially remote, but partially in person. It’s like, wow, what a mess. [00:35:23] Joe: Uh uh, again, the biggest mistake that I see Doug, and I’m glad you brought that up, is people that isolate themself when they’re brand new, they show up at work, they go home and they’re like, well, this is just my job. [00:35:32] And you know, you’re brand new at the company. You know nobody, you show up, you do your job, you go home. Biggest mistake you could make was all that. I mean, just purely based on what you just said about the hallway. Let’s dive into another one. og, what do you got? I. [00:35:46] OG: You know, I looked at this all from a money perspective. [00:35:49] I don’t know if that was the assignment or not, but, [00:35:51] Joe: um, well, it’s weird. The CFP would do it that way. That’s strange. [00:35:53] OG: Yeah, my bad. Um, and I think of a couple of them, and this is just, I think this is just from personal experience. When you have the opportunity to, I. Transition from whether it’s a role that pays $30,000 a year to one that pays 60, or you’re going from zero to 30 or, or zero to 80 or whatever, like wherever. [00:36:13] Wherever that initial kind of big change happens. If you can just do one year of flatlining where you were before, you adjust your living expenses. So you think about like the, the slope of what’s gonna happen throughout your life, right? So you’re gonna, you know, you’re gonna make, get a job, you’re gonna make money, and then you’re gonna make a little bit more money and have a little bit higher expenses, make money, have a little bit higher expenses. [00:36:36] You know, you get that proverbial lifestyle creep. If you can just wait one year before you start the lifestyle creep so that you get that little gap between where I’m gonna increase it to and, and where my income is. The way that that slope works over 30 years is you end up way, way, way behind the spend. [00:36:53] Of what your income is. If day one you go from making nothing in college to your $50,000 a year job and you figure out a way to spend exactly 50,000. You’re gonna live like that for a long, long, long, long time because 50 and 60 and 70 and 80, it’s just not what it used to be. And you know, while that’s definitely a lot of money, it’s not like life altering set for life money. [00:37:17] So not until you are in the high hundreds, 200, 300 where you get to like the, I think where it’s like, oh, look at all the potential breathing room. But the problem is, so we all know people who are like. Been doing that their whole life. They, they were right up their lips above water at 50,000 and now they make 150 and their lips are still just above the water. [00:37:36] And you’re like, how is that possible? You make a hundred grand more than you did day one. Well, it’s because you never gave yourself the buffer. So whenever you have the big increase where there’s nothing to college, or it’s your first job, you’re changing companies and you have a big salary increase or big bonus, just keep everything the same. [00:37:51] And then feel free to like make small adjustments to your lifestyle from that point forward. And it kinda dovetails into my second one you’re trying to avoid the big mistake. You know, if you can get through your twenties without material amounts of consumer debt, whether it’s cars or student loans or credit cards, you are so far ahead. [00:38:09] Paula said this at the beginning, and that’s what worry so much about saving money. You know, we see the Instagram or we see the Reddits or the Facebooks or podcasts of. Everything being done right? Oh, I max out this, I max out this, I max out this, I max out this. And we think that the only option is I have to do it all or I do none. [00:38:27] And it, that’s not the truth. It’s little bits along the way, add up over time. But when you’re 25 and you’re making $65,000 a year and your second job outta college, you just don’t have the money to max out your 401k and HSA his and her Roth IRAs, and, and put 400 a month in your kid’s 5 29 plan and have six months of cash reserve. [00:38:46] You just can’t do it. There’s not enough money. So be okay with the fact that you just have to do a little bit. But what you’re trying to do is get through the first decade of your life, of your adult life without waking up when you’re 35 going, okay. I finally make some money. I feel finally feel like I can save a little bit, but oh crap, I still have 80,000 of student loans, or I have two brand new cars with a thousand dollars a month payments. [00:39:07] Or I’ve got credit card debt for my twenties still. ’cause that’ll set you back from 35 to 45 if you can wait on the lifestyle changes. The lifestyle increase changes. I guess that should help you prevent the big mistake of ending your twenties with, with a buttload of consumer debt. And then as you transition into higher and higher incomes in your thirties and forties, that should give you a good runway to, to do all those other things like save. [00:39:32] Joe: There is this big lie that I think people, when they first enter the workforce think, which is just, I can be crappy with my money. All I gotta do is make more money. And I know this because I was that person and I saw it all around me. I’m just gonna make more money. More money, more money. Oh gee, you and I knew a guy that we worked with who bought a super expensive, brand new car just so he could scare himself into making enough money to make the payments. [00:39:54] Remember that guy? [00:39:55] OG: Yeah. That that was coached. Yeah. Right. What’s he doing now? That was like, if you wanna sell something, go make sure you got a thousand dollars Porsche payment next month, because. You can’t in the finance business. I mean, it’s a little more liberal now than it used to be, but in the finance business, you can’t have a ding on your credit. [00:40:10] You’ll be fired. [00:40:11] Joe: Yeah. [00:40:12] OG: So you have to figure out a way to pay your [00:40:13] Joe: bills, come hell or high water. So he took on a lot of debt and loaded up his expense side and you just can’t make it. More money is, is not a solve, if you don’t solve the expense side of the equation. Like that is the lie, you know? I could have made a quarter of a million dollars and I would’ve spent 300,000. [00:40:30] I made 300,000. I, I would’ve spent three 40. You know what I mean? It didn’t matter how much money I made. My habits were so crappy. I was gonna always, always outpace it. But that said, og, I love focusing on, once you’ve got that lockdown on your lifestyle, do Apollo said early on, increase your income. Think about how to increase my income. [00:40:47] Yeah. And if, and I think it’s a one-two [00:40:49] Lambo: punch. Were you good at that early in your career? Lambo. Yeah, growing the top line is incredibly easier than shrinking the expenses, I’d say. Yeah. I, um. Particularly, uh, moving around and getting experience. And then at some point, changing companies. You have those step functions that OG was mentioning, and when your income steps up double digits percentage wise, you have grown the gap. [00:41:14] And I talk about the gap a lot, but growing that gap gives you the fuel to invest in rental properties as Paulo might do, or, you know, pay down your mortgage. And when those things happen in my career. Or when I got a bonus and they weren’t that big back, you know, early in the career, but I’d take half that bonus and put it on my mortgage. [00:41:32] And this is when rates were, you know, double digits. Sky high. Yeah, 9% high. Yeah. Right. And I got our house payment down to $315. Our second child was born and my wife wanted to consider. Staying home with the kids for a while while they were young. And that would not be possible if we didn’t have a gap and position ourselves so that it could be possible. [00:41:54] And it, it was huge. But then, you know, later I took a, a job up here. I took a pay cut, but it wasn’t as significant. But your lifestyle was down here. Uh, I’m not saying ramen noodles and beans and rice, sure. But I like JI’S comment there about. Delayed gratification. It’s okay to raise your lifestyle a little bit. [00:42:15] You don’t have to forego a summer vacation with your family. I mean, take that vacation, make those memories, but every year it may not need to be to Australia or something. You know, you just need to keep it in some kind of reasonable equilibrium. But that and time. You also mentioned automate Paula earlier. [00:42:35] There are 45-year-old guys in the office next to you that are 401k millionaires. Okay? It happens when, when I was working early in my career, I had a company that matched dollar for dollar to 6% and 2% voluntary. So I put in 6%. I got 8% from the company. It was incredible. That was my second job. I spent 12 years there, and as you come out, imagine I left that place in 1999, that IRA has grown since then. [00:43:04] Feeling good. Yeah. Yeah. But you know, I, I think that’s a, a big piece is that delayed gratification and keeping your lifestyle at a reasonable level when your income continues to go up. Of course, that’s why I’m a fixed rate mortgage fan, and 30 year keep the payment manageable and always pay extra. Pay off the house early. [00:43:21] I know there’s all kinds of opinions on that stuff, but you sleep well at night and that works for us and it gives you options. [00:43:27] Joe: Yeah, I love the idea Lambo of, you know, take the family trip but realize it’s a trade off. Every dollar you spend on that goes someplace else. Yeah. I’m gonna make up this phrase on the spot, Paula, that you can afford anything. [00:43:38] Just not everything. Like I just thought of that. [00:43:39] Paula: That is brilliant. Somebody ought to run with that. Yeah, you should rush out to trademark that Tia. I probably should. [00:43:46] Lambo: I’ll say this though. I took our family to London and to Paris, and by the time we made that trip. One was in high school, the other ones were in college. [00:43:55] And you know what? I wish we would’ve made that trip about eight years earlier. And I hold onto those dollars too tightly sometimes. And you know, my wife really gets frustrated now. I doubled our travel budget this year, so we’re trying to live into it. You know, it’s now $7 that you’re gonna spend instead of the, the three [00:44:13] Joe: 50. [00:44:13] Lambo: Instead of heading to Bucky’s. Well, you know, fortunately, I, I started using that new retirement application, which they don’t sponsor me in any way, but I do like it because it’s another data point that says, you need to spend your money. That’s great. You need to live. That’s [00:44:26] Joe: well, and that is, I think the other side, Paula and og, which is, you know what? [00:44:30] Take your career seriously, but also realize that Paula, that’s the fuel of life. [00:44:34] Lambo: Mm. Yeah. Life happens on the yellow brick road, not an emerald City. Live on the road, baby. Holy cow. I think that’s the mic drop [00:44:43] Joe: moment. Let’s end it right there. That’s a great, and see is, yeah, little Lambo bringing it home. [00:44:51] Let’s, uh, before we say goodbye, let’s find out what all of you guys are doing this weekend. This is the last weekend before Labor Day, uh, og. So are you, uh, uh, stretching out this weekend? Getting ready for the big Labor Day cookout next weekend. [00:45:03] OG: Uh, I’m not, uh, labor Day next weekend. I have, uh, a little afterschool activity this weekend on Saturday and play a little golf today. [00:45:10] As soon as, uh, we hit. End on this little, uh, fun excursion going out in 195 degree heat with 99% humidity. You know, well, it’s not in Dallas. No, there’s no humidity here. It’s like Phoenix Dry. There’s no humidity here. There’s not. You don’t have any humidity today. It must be where you are. No, there’s never any humidity in Dallas. [00:45:30] Yeah. No, it’s, it’s dry as heck. [00:45:32] Doug: Doug. Do you have humidity surrounded by four of the largest freshwater bodies of water in the world? Nah, not that much. Paula, do you have any humidity? [00:45:41] Paula: I’m checking the weather app right now. Let’s see. The air quality is 64. UV indexes two. [00:45:47] Joe: I’m only doing this specifically ’cause Doug’s like moving along, so I’m gonna pause here forever. [00:45:51] Lambeau, how’s the humidity near you? Oh [00:45:52] Lambo: God. 48% on my weather station right out back. It’s 104.4 degrees. Folks, my ears out. The [00:45:59] Paula: humidity here in New York City is 38% and the dew point is 57 degrees. Oh, the Dew Boy Doug is, [00:46:04] Lambo: oh, here in South College Station, the barometric. Pressure is 30.09, so no hurricane’s coming. [00:46:13] That’s, that’s really the moon [00:46:14] Paula: currently is in a waxing gibbous stage with 72% illumination. I’m at 327 feet. If [00:46:20] Doug: we have any listeners left, it’s only because they think they’re gonna get a prize for being the last one listening. [00:46:26] Lambo: It’s, [00:46:27] OG: did you guys know that here at my house, the solar radiation is 739 w slash m twos? [00:46:33] Wow, [00:46:34] Lambo: that’s great. [00:46:35] OG: Yeah, [00:46:36] Lambo: that’s right in the sweet spot. [00:46:37] OG: I, that’s what I think the brightness is. 88,684 Luxes. I’ll make it stop. Wind is [00:46:42] Paula: north, northeast, where the lumen go. Gusts of 14 miles per hour. Gusty. [00:46:48] OG: Oh, breezy. Oh, this is Paul. This is resting Doug face. I love it. [00:46:54] Joe: Paula Pan. What’s going on at the Afford Anything Podcast? [00:46:58] Paula: So we are airing our interview with David Novak, who is the CEO of the parent company of Taco Bell, KFC, and Pizza Hut. Yum. Brands. Yeah. Yum. Brands. Exactly. We’re airing that interview. It’s a, a very in-depth interview about how leaders learn and lead. We also had some episodes on negotiation, one in which we interview a guy by the name of Jeff Wetzler who talks about mastering the art of negotiation. [00:47:22] And another, that was a solo episode with me where I talk through a lot of the structure around how to ask for a raise. [00:47:30] Joe: Fabulous. And that’s all at the Afford Anything podcast. Exactly. What’s finer podcast [00:47:35] Paula: only the finest with winds North, Northeast. [00:47:38] Joe: Lambo. We’ve been talking about this for a long time, brother, but it’s about time you got here. [00:47:41] Lambo: Yeah. I appreciate it. Thanks for the invite. I hope to be back. Absolutely. Well, what’s going on at the Fight Lighter Podcast, man? Well, a couple of weeks ago you mentioned this author, Chris Field. Oh yeah. He’s there by you. He lives in my neighborhood and he has a child that may or may not be in my son’s seventh grade science class. [00:48:01] But anyway, he’s got a new book out and that’s. Something I’m reading through now to do an interview and then I’ve got another author lined up. You know this guy, the Purpose Code Doc G. Yeah, doc G. So I’ve gotta read through that one as well. So be tuned in and ready for those episodes when they drop. [00:48:16] Awesome. And that’s at the Firelight podcast. [00:48:19] Joe: Wherever finer podcast are found, absolutely Doug, uh, give us a weather report. Ma’am, what should we have learned on today’s show? [00:48:29] Doug: I’m not gonna say a damn thing about the weather, but here’s what’s stacked up on our to-do list for today. First, take some advice from OG and look for mentors who are both seasoned, like Joe and oh God, on the path you wanna be on like me. [00:48:43] Second, don’t forget what Paula has said about workplace politics. There are subtle undercurrents that aren’t easily seen until you know what to look for. But the big lesson. Don’t try to sneak one of Joe’s mom’s cookies. You think Stockholm Syndrome is bad? I think Texarkana Syndrome is way worse. It, it sort of sneaks up on you. [00:49:03] Somebody get me outta here. Thanks to Paul Lambert for joining us today. To find out more about all the great things Paul is up to. Check out his podcast the highlighter, or head over to his website highlighter.com. You’ll hear it wherever you are listening to us right now. Will also include links in our show notes at Stacking Benjamins dot com. [00:49:26] Thanks to Paula Pant for hanging out with us today. You’ll find her fabulous podcast. Afford anything wherever you listen to finer podcasts. And finally, thanks also to OG for joining us. Looking for good financial planning. Help head to Stacking Benjamins dot com slash OG for his calendar. This show is the property of SB podcasts LLC, copyright 2024, and is created by Joe Salhi. [00:49:51] Joe gets help from a few of our neighborhood friends. You’ll find out about our awesome team at Stacking Benjamins dot com. Along with the show notes and how you can find us on YouTube and all the usual social media spots, come say hello. Oh yeah. And before I go, not only should you not take advice from these nerds, don’t take advice from people you don’t know. [00:50:13] This show is for entertainment purposes only. Before making any financial decisions, speak with a real financial advisor. I’m Joe’s mom’s neighbor, Duggan. We’ll see you next time back here at the Stacking Benjamin Show. [00:50:30] Joe: Wait, where are you going? [00:50:33] Doug: I was gonna make espresso.
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