Finding The Right Financial Advisor with Joe Saul-Sehy

It’s not about being smart; it’s about protecting your blind spots and having someone in the corner to disagree with you.

 

Welcome back to the Micro Empires Podcast! I’m your host, Jennifer Ives Grimson. Today my guest is Joe Saul-Sehy, a former Financial Planner and the Founder and Host of the Award-Winning Podcasts The Stacking Benjamins Show and Money With Friends Podcast. With his years of experience and passion for finance, he has helped many people retire early and reach their financial goals. 

 

Let’s dive right in as we talk about money, shame, why, and how to hire a financial coach.

[00:01 - 04:49] Opening Segment

I introduced Joe to the show Joe and I talk about how we met I Joined the Stacking Benjamins Community  Joe checked out Micro Empired Podcast

[04:50 - 15:20] The Podcast and Diverse Community 

Joe talks about building a brand through the podcast Be a part of a community and the discussion  Joe talks about the perks of being in a Podcast Community  Have friends around the world  He shares about his experience meeting his audience for the first time The ability to add value and gain more knowledge  The art of being in the community is, you will find people that are like you and also those that are very different Learning from diversity in the community Uncovering the society labels  Fighting against the discrimination  Joe talks about the injustice and challenges that people of color have to face 

[15:21 - 24:55] Work Smarter and Harder

Quick shoutout to my Podcast Producers: Streamlined Podcasts Use promo code: jives and get a discount Joe talks about his money culture growing up Discussing money was considered taboo Credit card debt issues Having  hard-working parents Joe shares the story about the money talks he got with  his neighbor In current culture, people tend to not talk about money or debt openly, but still spends alot  It creates a deadly cycle life

[24:56 - 40:09] Finding The Right Financial Advisor 

The smartest people that I know always surround themselves with smarter people than them Joe shares his experience being a financial advisor  Surround yourself with the people that handle money well Don’t be emotionally invested in your goals.  Why does someone say, ‘Don’t have a financial advisor because they are corrupt.’  Due to bad experiences and tainted impressions  It’s not about being smart; it’s about protecting your blind spots and having someone in the corner to disagree with you  Joe shares some tips for finding a good financial advisor Interview more people  Ask about their credentials Fee-only advisors are a better way to go Joe talks about being a good and successful advisor Fee-only advisor vs. commission advisor  Commission, only advisors, aren’t incentivized enough to make correct decisions 100% of the time He talks about Jane Bryant Quinn’s research Joe talks about how some people look for financial advices from social media groups and the people that they never know 

[40:10 - 59:00] The Money Culture of Learning and Shame 

Every time you are about to make a financial decision, ask yourself, “Towards what end will this take me?” The systemic culture of the fear of learning something new Create the learning culture for yourself It is okay not to be right.  What am I going to learn next?  Create your MBA for yourself Don’t feel stupid for asking.  Being curious keeps you young.  It’s not about chasing the money but doing something that you love.  Joe talks about his coaches.  Tony Stubblebine  If you want to learn something fast, hire a coach Joe talks about the Strategic Coach Program he had signed up for Learning from other entrepreneurs too At what age do you think you are going to die, and how do you want people to know you? Why do you have to wait to get to that age and not to live it now?

[01:00:00- 01:02:46] Closing Segment

Joe and I share some jokes about money and chicken  Final words

 

Tweetable Quotes:

“It’s not about being smart; it’s about protecting your blind spots and having someone in the corner to disagree with you.” -  Joe Saul-Sehy.

“The only way for your clients to win is for you to stay in business.” - Joe Saul-Sehy.

“The smartest people that I know always surround themselves with smarter people than them.” - Joe Saul-Sehy

Resources Mentioned:

The Stacking Benjamins Podcast  Money with Friends Podcast Tony Stubblebine  Strategic Coach  The Personal MBA: Master the Art of Business by Josh Kaufman Josh Kaufman 

 

If you’d like to connect with Joel, you can find him on Linkedin and Twitter. You can visit his website at https://joesaulsehy.com/ or email to [email protected]. 

You can connect with me on LinkedIn, Twitter, Instagram, and Facebook. I’m excited to know more about you. I’m excited to know more about you. Also, feel free to shoot me an email at [email protected]. You can call or text 213-973-7206

 

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