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!

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