Learning How to Stack Benjamins | Joe Saul-Sehy

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