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078: Jamie Fiore Higgins - First In, Last Out: Beating the Addiction of Goldman Sachs

078: Jamie Fiore Higgins - First In, Last Out: Beating the Addiction of Goldman Sachs

FromMindful Money


078: Jamie Fiore Higgins - First In, Last Out: Beating the Addiction of Goldman Sachs

FromMindful Money

ratings:
Length:
57 minutes
Released:
Oct 11, 2023
Format:
Podcast episode

Description

Upcoming Event!How Can Mindfulness Help You Reach Financial Independence?Do you want to reduce money anxiety, but don’t know who to trust?Would you like to learn how to set up and manage your own retirement plan?Do you want to know how we create a passive income stream you can’t outlive?If yes, join us and learn how to answer the 4 critical financial independence questions:Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcampJamie Fiore Higgins spent almost twenty years at Goldman Sachs, reaching the pinnacle of her field by earning the role of managing director. One of just 8 percent of Goldman employees to earn the managing director title, she was the highest-ranking woman in her department. She ran the trainee and internship programs, was active in the Women’s Network Committee, and managed top equity clients and $100 billion in stock. Today, Jamie joins the show to discuss the abuse and misogyny she experienced in a toxic Wall Street environment, what led to her departure, and how she regained her own sense of moral clarity.? Watch on YouTubehttps://youtu.be/OKE85JB1CuQKey Takeaways00:48 – Jonathan introduces today’s guest, Jamie Fiore Higgins, who joins the show to talk about how her familial history impacted the formation of her own beliefs about money08:14 – Jamie’s experience at Goldman Sachs17:34 – First In, Last Out, misogyny, and buying into the lifestyle23:15 – Jamie reflects on losing her own sense of moral clarity32:14 – The Spreadsheet of Freedom37:07 – Advice Jamie would give to young female professionals starting out40:10 – Fixing the industry itself46:05 – Hard work, mentorship, and doing things your way49:11 – Jamie’s current project51:24 – The last thing Jamie changed her mind about and one thing she would want others to know about her55:31 – Jonathan thanks Jamie for joining the show and lets listeners know where to connect with herTweetable Quotes“I think, for me, that mindset that I kinda inherited from my father and a little bit from my grandfather is what fueled my almost twenty years at Goldman. And then I started seeing what that cost me.” (06:50) (Jamie)“I did well at first because I have a really good head for numbers, I have a work ethic - I was first in, last out - and I was really good with my clients. But what I realized at this part of my career, when I was five to seven years in, is what really gets you catapulted at Goldman is keeping your mouth shut.” (19:52) (Jamie)“In order to be successful, I had to put up and shut up. And what I realized was that, over time, when you’re constantly living against your values, when you’re constantly feeling like you’re acting in opposition to what your gut says, it just takes its toll.” (22:19) (Jamie)“I felt like Charlie Bucket. I felt like I had just gotten the Golden Ticket to the Chocolate Factory. And from the first day they said, ‘Getting a job at Goldman Sachs is harder than getting into Harvard. So, thank your lucky stars that you did something right.’” (27:51) (Jamie)“Goldman was like an addiction...I couldn’t just walk away cold turkey. I was addicted to the prestige. I was addicted to making my family proud. I was
Released:
Oct 11, 2023
Format:
Podcast episode

Titles in the series (100)

Do you struggle with money? You’re not alone. Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive.  The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort. Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life. If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you.  Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy