Order of Man - OoM 041： How to Save 50% of Your Income with Joe Saul-Sehy

00:00:00.000 It's that time of year again, where we start thinking about what we want to accomplish

00:00:03.240 in 2016. Among others, I'm sure that you set some financial goals for yourself this year.

00:00:08.420 My guest and my friend, Mr. Joe Saucihai talks with us about why you should consider

00:00:13.020 saving 50% of your income. Now I know what you're thinking because I thought it was ridiculous too

00:00:18.640 when I first heard it, but Joe is going to teach us the systems that we'll need to learn to

00:00:23.420 implement, how to make more money, how to spend less money, and how you can finally take control

00:00:27.960 of your money this year. You're a man of action. You live life to the fullest. Embrace your fears

00:00:33.860 and boldly chart your own path. When life knocks you down, you get back up one more time. Every time

00:00:40.020 you are not easily deterred or defeated, rugged, resilient, strong. This is your life. This is

00:00:47.000 who you are. This is who you will become at the end of the day. And after all is said and done,

00:00:52.300 you can call yourself a man. Man, welcome to the Order of Man podcast. I am Ryan Mickler. I am the

00:00:59.100 host and the founder of Order of Man. I hope that you had a great Christmas and we've got New Year's

00:01:03.060 coming up this week. So I hope you have some great plans for that as well. Now, before we get into this

00:01:07.340 week's episode, let me tell you that you can find all the links, the resources, the best quotes,

00:01:11.200 all that fun stuff to this week's show at orderofman.com slash 041. And again, if you want to delve into this

00:01:17.820 conversation a bit more, you know this, I've talked to you about it before. You can head to

00:01:21.680 facebook.com slash groups slash Order of Man to connect with over 1500 men who are having some

00:01:28.400 real conversations about what it means to be a man, including how to handle your money. Like we'll

00:01:32.680 be talking about in the conversation today. And the next thing I want to make you aware of is that

00:01:36.920 the Iron Council is open again for enrollment. I know you've got some big resolutions this year.

00:01:42.580 And how do I know that? Because you make them every year. The question is, do you meet those

00:01:47.780 resolutions? Do you actually achieve your goals? The goals that you lay out for yourself every

00:01:52.660 single year? If the answer is no, and you're ready to up your results in every area of your life,

00:01:59.080 you'll need to go to orderofman.com slash Iron Council. By becoming an Iron Council member,

00:02:04.040 you'll be getting access to an incredible resource slash mastermind that's going to help you get better

00:02:09.200 results in your relationships, in your business, in your career, in your health, your wealth,

00:02:13.460 in every other area of your life that's important to you. And you'll also be around men who are

00:02:19.360 achieving amazing results. You'll gain access to the missions that we're going to be completing each

00:02:23.820 week. You'll have access to resources to work through, including books and podcast lists, financial

00:02:29.260 tools, discounts on future Order of Man projects, goal trackers. There's a ton more. My personal

00:02:34.540 favorite, you're going to team up with another member so that you'll be able to hold each other

00:02:38.000 accountable to the goals that each of you have identified. So seating is limited. So if you're

00:02:43.620 interested, you need to do this quick, head to orderofman.com slash Iron Council. Now the very

00:02:48.600 last thing I'm excited to share with you is that we're hosting a giveaway this week with my friends

00:02:53.140 over at Seneca Creek. Now they're giving away $150 knife by the James brand. All you have to do to

00:02:59.180 enter this giveaway is head to orderofman.com slash Seneca Creek giveaway one to enter for that.

00:03:07.760 We're going to make this a weekly occurrence, which I'm excited about. We're going to be

00:03:10.940 announcing the winner of this week's giveaway next week. So make sure you get registered.

00:03:15.300 Now with all of that said, let me get into our show today. I'm stoked to be able to introduce you

00:03:20.640 to my friend, Joe Saul Cihai. He has been instrumental in helping me set up this podcast and a previous

00:03:26.200 podcast that I was doing before. I've always appreciated his help and his wisdom and his

00:03:30.420 friendship. So I'm excited to introduce him. Now he's a former financial advisor, just like I am.

00:03:35.200 He was a financial advisor for over 16 years. He'd represented a fortune 500 company in the media.

00:03:40.040 He was the quote unquote money man at Detroit television, WXYZ TV. He's also appeared in Child

00:03:48.280 and Bride, Best Life magazines, Los Angeles Times, Chicago Sun, Detroit News, and the Baltimore Sun

00:03:54.160 newspaper. He's appeared online in more than 200 different places, including CNBC and the

00:03:59.400 Wall Street Journal. Now, if that isn't enough, Joe is also the co-host of the popular financial

00:04:03.940 podcast, Stacking Benjamins, which actually earned him a Plutus Award as the best personal

00:04:10.200 finance podcast. Joe, what's going on? Glad to have you on the show, man.

00:04:13.740 Man, I can't believe I'm here. Thanks for having me.

00:04:15.960 It is going to be exciting times. You were one of my very first guests in a former life on a

00:04:20.840 former podcast. I'm excited to bring you on the show here on Order of Men.

00:04:24.700 I am very excited to know that I didn't completely ruin your reputation or your brand.

00:04:30.340 Well, one of the things you brought up, you brought up permanent life insurance,

00:04:33.780 whole life insurance specifically, and that just got people fired up. I had people on both sides of

00:04:39.440 the aisle on that one. And so regardless of anything knowledgeable you have to say, you have the

00:04:44.240 ability to get people fired up. My mom says I'm a natural pot stirrer.

00:04:48.160 Sure. That's right. That's right. Good. That's what we want. We want a little contention and

00:04:52.640 a little excitement. Speaking of that, you've got an audacious goal that you're

00:04:56.540 helping guys accomplish, which is to save 50% of their income.

00:05:01.620 I'm pretty excited about it because I think that every year, we start off the year and we make these

00:05:06.300 resolutions. And it's probably the year that we give up resolutions completely, right?

00:05:09.980 We go, why don't we say we're going to lose a few pounds or maybe we're going to save a few

00:05:15.340 dollars. Let's create these big, hairy, audacious goals because I love what, what's that

00:05:20.820 Michelangelo quote? It goes something like, it isn't about setting your goals low, uh, too high

00:05:27.080 and not reaching them. It's about, you know, setting them too low and they're, you don't want

00:05:32.000 them easy. You want to set them really high. And if, if we set our goal at saving half of the money

00:05:36.960 that we bring in and we only get to like 40 or 42%, how bad is that?

00:05:42.180 Yeah. Yeah. Still, you're still in a great position, even if you're able to, you, you miss

00:05:47.280 your mark, even by 75%, you miss your mark. You're still in a great position more so than

00:05:51.480 most Americans, right?

00:05:52.340 Absolutely. It's pretty exciting. And once people have done this and the cool thing is,

00:05:56.320 is we have people that have already done this. So we know that it's a doable thing. My partner,

00:06:00.360 Kathleen has already done it. I was a financial advisor, as you know, for 16 years and I had clients

00:06:05.780 do it. So I know it's doable. And what's funny is after people have been through this and then

00:06:10.640 you see, man, I struggle to save 5% of my income. You're like, are you kidding me? What are you

00:06:16.020 talking about?

00:06:17.420 What do you know what the national savings rate is on average?

00:06:20.360 I don't right now, but, but you know, for a long time, as you know, it was zero and it's,

00:06:24.960 it's notched up a little bit this year and it can't be, it can't be more than 3%.

00:06:29.180 No, I, I believe that I, you know, I started in the business in 2008, right before we had this

00:06:34.660 big market collapse in the, in the great recession. And it seemed like for a while that, that, that,

00:06:39.100 the national savings rate was actually a negative number is, is what I was experiencing with my

00:06:43.960 clients.

00:06:44.940 Isn't that sad? I mean, it was a scary time. I mean, that it was a negative number those years,

00:06:49.980 because a lot of us were living off of the savings that we already had. People were going into debt

00:06:54.760 because they didn't have a job. I mean, those were some, those were some years that, well, you know,

00:06:58.680 well, being there, nobody had any idea what was going on.

00:07:02.100 So why did you decide to latch onto this idea?

00:07:04.900 I did it because I get excited when I hear passionate people and when people do something

00:07:10.560 that they, that, you know, when you can hear it in their voice, that they're so excited about

00:07:14.420 something. My business partner, Kathleen was telling me the story over lunch one day when I was

00:07:20.620 visiting her. She's in Portland, Oregon. I'm in Texarkana, Texas, but I was out there visiting

00:07:24.080 and she's telling me about how she had $30,000 of credit card debt. And she just said, you know,

00:07:29.980 as, as, as you know, Ryan, you just get to the point where you're fed up and you've had enough.

00:07:34.120 And she got to that point that she said, I just can't do this anymore. I did. I just can't keep

00:07:39.080 living this, this lifestyle that's, you know, it's a lie, right? I'm spending money. That's not mine

00:07:44.840 on stuff that I don't really need to impress people that I don't really like.

00:07:48.880 Right. Right. So, so she said, I'm going to change, I'm going to start saving. And then she read

00:07:54.560 about these people saving half of their income and she kind of laughed and said, it's crazy. I can't

00:07:59.580 do that. And then she said the same thing that we're talking about here today. She just said,

00:08:04.260 you know what, why can't I, why not me? Right. If other people can do it, why can't that be me

00:08:10.340 instead? Which is a powerful thought because, you know, we can do a lot and we can make this year

00:08:16.220 right now. If we put that, you know, we put that line in the sand, we can make this year something

00:08:20.900 special. So she said, I'm going to do that. And I got excited about that. I said, you know what,

00:08:24.800 that, that just, that we should, we should challenge people in 2016 to do that. Cause

00:08:30.380 that's going to make 2016 a really fun year. And if we band together, you know, you know,

00:08:35.840 the concept of wolves pack hunting, right? Of course. Right. Of course. If we get a pack

00:08:40.620 of like-minded people together, we can go get this thing. So that's, that's where it all started.

00:08:45.740 Why do you think people need to wait? And I, and I'm like this, you're like this,

00:08:49.180 we're all like this. We need to wait until we hit rock bottom before we do a drastic change in our

00:08:54.540 rituals and our habits that are actually going to get us to where we need to be. Why,

00:08:58.100 why can't we just do this when we just recognize something's a little bit off? Why do we have to

00:09:03.120 wait until it's horrible to make this happen? My whole career, I've believed something that I

00:09:07.400 heard just recently, uh, Tony Robbins talk about the motivational speaker. And it's funny because I'd

00:09:13.400 never heard this quote, but he said it so much more succinctly probably because he's in that

00:09:16.340 business, right? Yeah. And he's got it, he's got it packaged nice and neat and tidy for everybody.

00:09:20.980 Yeah. So I might borrow his words that I was already thinking, which is people only change

00:09:25.680 for, for two reasons because of inspiration or desperation. And sadly, most of us were so busy

00:09:32.340 watching cat videos and, you know, uh, looking through other people's brilliant lives on Facebook.

00:09:38.260 We don't take the time to get inspired by stuff. We don't actually feed our souls with really

00:09:44.620 inspiring stuff. So because of that, most of us only change because of that second one,

00:09:49.880 which is pure desperation. So what have you noticed? I mean, you've, you've seen this,

00:09:54.320 your business partner has seen this. Obviously there's financial benefits of saving the type

00:09:59.840 of income you're talking about saving, but what are some of the other benefits or there's some

00:10:03.140 stories that you guys have heard where people have had tremendous success, not only in their

00:10:07.920 financial life, but other elements and parts of their life because of this.

00:10:10.620 Well, the thing that surprised me was that I thought that initially this would be easier

00:10:15.320 for people that made a lot of money. Right. And so the initial stories, the stories I was

00:10:19.080 expecting to hear was that if somebody made $150,000, it was going to be easy. Somebody

00:10:23.660 made $25,000, it was going to be really hard. And that wasn't the case at all. It was a lot

00:10:28.200 of times people making 25, 35, $40,000 that were able to save half their income. And the cool

00:10:34.880 story at the end of it is that freedom from worry and that sense of that sense of power.

00:10:40.640 You were in the military. I wasn't in the military, but I went to a military college. I went to the

00:10:45.540 Citadel, the military to South Carolina. I remember, I remember after, do you remember after going

00:10:51.280 through basic training, how you felt? Oh, I was invincible. Exactly. Right. And, and although it's

00:10:58.000 not the same, you still had that feeling after a year of doing this, you know, I can do this

00:11:02.700 forever. This is now this whole, this is muscle I've built for 12 months and now I can almost do

00:11:08.620 it without thinking about it. And actually that's, that's half the key. I mean, we can get into this

00:11:13.420 a little bit, but half the key of winning with saving half your income has nothing to do with

00:11:19.720 being disciplined. And on our site, stacking Benjamins, one of our key tenants of our site is

00:11:24.480 great financial planning does not come down to discipline because it's, it's impossible to keep that

00:11:30.460 going forever. I believe, uh, I think it comes down to systems. I think a great life comes down

00:11:36.600 to great systems. And if you set yourself up with these systems, you can focus on your family and

00:11:42.040 focus on your career, focus on whatever is really important to you. And your money just automatically

00:11:47.000 goes where it should. That's the better way to win than waking up every day and saying, you know,

00:11:52.360 Hey, I feel really motivated today. Right. That lasts for what? Two months.

00:11:56.580 Yeah. If that, I mean, we talk about new year's resolutions and I go to the gym here and it's

00:12:00.880 amazing. The first week, uh, in, in every single year that I go to the gym is just slam packed.

00:12:05.940 I would almost not go to the gym because of how busy it is that first week. But if I give it seven

00:12:11.000 days, 10 days, it's back to normal. No big deal. It's so sad. You can't even get a machine.

00:12:15.340 Yeah. Oh yeah. It's crazy. Yeah. Yeah. Well, I know as I've paid off debt and we've saved and we've

00:12:20.760 done all the things that I'm advising my clients to do, I know there's been huge empowerment, uh, issue,

00:12:25.700 not issues, but empowerments for me as well. And, and the other thing that I've seen too,

00:12:30.180 is that the way that you do one thing is the way you do everything. So if you're creating the habits

00:12:35.560 and you're creating, like you said, the systems to achieve success in any one area of your life,

00:12:40.300 in this case, it happens to be finances. That's going to translate into your personal life and

00:12:44.380 your relationships and your business and health and all of those things as well.

00:12:47.240 It totally does. I mean, if you don't have to worry about where my next meal is coming from

00:12:51.460 and I have that comfort that I know that my money situation is taken care of now,

00:12:55.940 more of my attention can go to the areas of my life that maybe I haven't spent as much time,

00:13:00.860 you know? And, and, and, and when I'm there, there is this, there's this magic of, you know,

00:13:06.900 all of us are here, but are we really here in the present right now with the people that we're,

00:13:12.280 we're with. And a lot of the time, you know, I'll be at, I'll be at dinner with my family and man,

00:13:17.040 if I'm worried about my money, I'm sitting there thinking about, Oh, how am I going to pay for this

00:13:21.420 meal? Or maybe I'm thinking, uh, what about these bills that are coming in? Or, or is my,

00:13:26.240 is my 401k going the right way? I've got all this jumble in my head. And part of my goal is to get

00:13:31.600 rid of that so I can be present now with the people that I'm, you know, that are in my life that I'm

00:13:37.520 around. Yeah, that's such a great point. I know, obviously most of our listeners to this podcast

00:13:43.480 are men. And if we look at the leading causes of marital problems and even divorce money and money

00:13:51.240 issues and communication with money and not having enough money and not understanding where it goes

00:13:54.980 is always, always at the top of that list. And don't you think that that that's kind of like a

00:13:59.940 branch? I mean, I've always heard that like you have, it's kind of, so if we look at the tree,

00:14:04.740 I don't really think that money is the root. I think that money is where it manifests itself

00:14:08.740 because you clearly have different priorities if you can't agree on money. And so I think people

00:14:14.360 say that they get divorced because of money, but I, but man, I think it's deeper than that.

00:14:18.880 Sure. Yeah, I bet. And it always comes down to some sort of communication, I would say,

00:14:23.220 right. Where the real problem comes from. Absolutely. And you know what? It's probably

00:14:27.200 been the same in your practice, Ryan, but in my practice there were, uh, when I would first meet

00:14:32.060 people, generally speaking, one person knew where every dime was being spent. And the other person

00:14:37.220 was in a place that we call fantasy land, right? Yeah. And then, yeah. Right. And then what would

00:14:41.380 happen is the person in fantasy land would go with the debit card somewhere, uh, to pick up a six pack

00:14:47.220 or whatever. And, and the debit card doesn't go through. And then they would go to the person who

00:14:52.640 knows where every dime is. And they would say, listen, you know, where every dime is, how come our

00:14:57.240 money's not being managed better? And then obviously that creates for the other spouse, this, 1.00

00:15:04.100 this retort of, yeah, I am the only one. And if you paid any attention at all, we might be doing

00:15:10.040 better. And, and, you know, you can see the seeds right there of not having a set system of

00:15:15.340 communication. When I, when I was, are you, I was going to ask, are you listening into my

00:15:19.220 conversations with my wife or where are you getting that from? Well, no, but it's true,

00:15:23.620 isn't it? Uh, yeah, it absolutely is. We always have advocated for people that are either in a

00:15:29.020 relationship or married that you have a weekly financial meeting. And once again, when I tell

00:15:34.500 people that they're like, Oh, that sounds like way too much. And it sounds like work. Ours is

00:15:38.620 always, I know everybody doesn't drink. We do drink a little bit. So we have a glass of wine.

00:15:43.000 We sit down, we actually started it at two 30 on a, on a Sunday afternoon because of the fact that

00:15:47.840 that's when my kids were napping. We have twins and, and it just, now it still is Sunday afternoon

00:15:52.520 and it's a very quick meeting. We look at all the bills that came in that week. We look at them

00:15:56.580 together. It's a little bit different now that bills are electronic. Uh, when we first started

00:16:00.680 back in the mid nineties, you know, you get mail and it would come in. Uh, if anybody remembers,

00:16:05.740 what, what mail, what do you mean? What the hell are you talking about? Joe? How old are you? A

00:16:09.780 hundred? Did the horse and buggy bring it? So, so now we actually, we have a set, we have a set

00:16:15.700 spreadsheet of these bills come in this week. These got to be paid this week. And we go, we look at the

00:16:21.240 actual statement to see what's going on. And what's funny is we have found so many mistakes

00:16:26.180 on our bills because of the fact that we actually look together and it's become this system. The

00:16:32.000 meeting takes us maybe 15, 20 minutes, unless we get into a discussion, which I'd say about once a

00:16:36.680 month, we'll just get into this great goals discussion. So what do we want to do the next

00:16:40.500 quarter? You know, we want to, and, and I got to tell you for me, having a spreadsheet where every

00:16:47.240 nickel is, is number two, feeling like Cheryl and I are on the same team headed the same way.

00:16:52.660 That is definitely the number one reason why we're successful with our financial plan.

00:16:57.560 I'm glad you brought that up because we actually do the same thing. And I might've stolen the idea

00:17:01.080 from you, but we do a Monday money meeting. So we do the same thing. We go through expenses and income

00:17:05.500 and where my income is fluctuating. And I'm sure a lot of guys, uh, income fluctuates as well.

00:17:10.620 It's important to know what income is coming in this week. What income is coming next week? Are

00:17:14.360 there unexpected events? I had, uh, in the last couple of weeks, $1,700 in dental work for my

00:17:21.120 family that we had to pay for that. I wasn't expecting. Yeah. So nuts. So for me and my wife

00:17:26.640 to be on the same page with that, that was extremely, extremely valuable. I know when I

00:17:30.880 talk with my clients, sometimes I feel not like, like not only their financial advisor,

00:17:34.980 but also their marital advisor at times too. But here's the thing, Ryan, isn't it? I mean,

00:17:41.600 and this is where people don't use with finance. Isn't it fun? I mean, that meeting for us,

00:17:45.640 it didn't start off fun, but man, now it's fun. Yeah, definitely. And you, like you said,

00:17:49.940 it doesn't need to be a long drawn out meeting. I'll actually paint the picture of the dark side

00:17:54.200 of this too. The hard part of this, and I've seen this personally, I'm sure you did in your

00:17:57.940 financial planning practice is that we would have the partner, whether it was the husband or the wife

00:18:05.060 that managed all the money pass away. And then the surviving spouse would come into my office 0.95

00:18:11.560 with literally tears in their eyes because they have no idea how to do this. And they've never done

00:18:17.780 any of this for the last 50, 60, 70 years, and they're completely lost.

00:18:21.780 And they don't know you. You're the family advisor. They don't know you. There's no

00:18:24.960 relationship there. So the trust isn't there yet. That's yeah.

00:18:29.200 On the same note, then let's say that somebody's listening to this and we're going to talk about

00:18:33.420 the systems and how to get into this because I know guys are rolling their eyes like, Oh,

00:18:36.560 it'd be nice if I could say 50%, but I can't do that. So we're going to get into that. But on the

00:18:41.420 same note and the same thread that we're on right now, let's say somebody's listening to this and

00:18:45.020 they say, yeah, I'm on board. I want to do this. We got to get control of our finances,

00:18:49.200 but they feel like maybe their spouse is not going to be on board. Have you had any experience or

00:18:56.240 strategies or ideas on how you can get a partner on board with some of these financial goals?

00:19:01.200 You know, it's sad, you know, as well as I do that if somebody doesn't want to be on board,

00:19:05.440 there's nothing that I can do to really bring them on board. Certainly, certainly cajoling them to get

00:19:11.100 on board or shaming them to get on board is not going to work. So I think what you do is you leave

00:19:16.480 this podcast on accidentally when you're getting into the car, right? Yeah. And then you're like,

00:19:22.340 Oh, you know, and you and I were a couple of entertaining guys. Cause you know, already

00:19:26.140 there's women that are spying on us, don't you? Oh, of course, of course. Absolutely. So, 0.99

00:19:30.680 so chicks want in on this stuff. So, so Joe, you know what the sad thing is with this? I've been

00:19:36.840 telling my wife for years and years and years, ever since I got in this business, let's get control

00:19:40.780 of our money. Let's do this. And here's these goals. And she's never been on board. And then

00:19:44.420 one day she comes to me and she says, you know, I think we should do X, Y, and Z. And with our

00:19:49.600 finances, I'm like, Oh, where's this coming from? She's like, I was listening to Dave Ramsey. I really

00:19:54.080 like him. He's an entertaining guy. I'm like, Oh, slap across the face. So I guess however they,

00:20:00.600 however it fits as long as it works. Right. That's right. Well, and that's funny. I mean,

00:20:04.260 this is a whole different conversation, but that's why Cheryl and I have a financial advisor 0.99

00:20:08.580 outside of our family because she's heard my crap for the whole time we've been married. So when I 0.97

00:20:14.660 say stuff, it's like, yeah, whatever. But, but if Ralph says it, it is gold, right? Right. Yeah.

00:20:21.420 So, okay. Now let's talk about this. Let's talk, let's address those guys who are rolling their

00:20:25.260 eyes saying, yeah, nice for you guys. You guys make money and you can save all this money. How does

00:20:30.760 somebody, the average guy take this concept and actually start making it work for them?

00:20:37.400 So the first thing we have to do is we have to find out how close you are, right? Because the

00:20:41.820 cool thing is, is that everybody is closer than they think that they are. So what we do first is

00:20:47.520 take a look at how your money comes in. And to do that, you take out either a paycheck stub,

00:20:51.700 or if you're paid a commission, you got to take the taxes out first. And then, you know,

00:20:55.760 you got those, a lot of people, if you work for a company, you've got these line by line expenses,

00:21:00.160 you have to add, you have to add in all the parts that are line by line that are, uh, savings

00:21:08.280 toward the saving side and all the stuff that are expenses in there, you take off. So, so here's what

00:21:14.620 you do. First of all, you start off with your gross salary, then you take out the taxes and that gives

00:21:20.400 you your net salary before, before all the mumbo jumbo on the second half of your paycheck,

00:21:26.040 divide that number in half. And that's what we're looking for. And then, because what some people

00:21:31.000 do, and the reason I bring this up, Ryan, is, you know, some people are going to go right to

00:21:33.820 the bottom line. Well, I bring home a thousand bucks. Well, before you bring home that thousand

00:21:37.860 bucks, there might be a 401k or a retirement plan taken out. There might be a health savings account.

00:21:43.420 There might be some savings already taken out. So what we do, we just take out the taxes

00:21:47.620 and we start with that number, divide that in half. And that's your bogey one. That's what you're

00:21:52.500 shooting for. Yes. And then add stuff off your paycheck. That's already being saved. That money

00:21:58.540 already counts on toward the saving side. So, you know, take that off. And then money actually,

00:22:03.980 Joe, can I stop you real quick? Yeah, sure. Because I've got a quick question with that. So

00:22:07.580 we've got a lot of, uh, uh, participants, for example, in 401ks, and let's say they're contributing

00:22:11.840 5% of their paycheck. Do we include, and I've had this question all the time when it comes to saving

00:22:17.020 rates? Do we include employer contributions into 401k? We, you know, it's funny. This,

00:22:23.340 this depends on how hardcore you want to get. Uh, uh, for most of us, I do because it's money

00:22:28.920 that's being saved on your behalf. So why the heck wouldn't I? Right. So, so, but if you want

00:22:33.280 to be the manly man, that's manlier than me, you can, you can say, nope, not counting that. That's

00:22:38.340 just icing on the cake. And that's good for you. Yeah. But, but, but I do like anything your employer

00:22:43.160 saves for you go for it. That counts. Okay, cool. All right. Yep. Continue. Yeah. So the next after

00:22:48.180 that, then we look at bills that you're paying. So any, any bills that you're paying that are

00:22:53.280 actually repayment of debt. And I got to be very clear here. If you're putting stuff on the credit

00:22:58.280 card and then you go and you rack up that credit card again, that money doesn't count. But, but if

00:23:03.200 you've got, let's say 10 grand on a credit card and you're diligently paying it down, you're not using

00:23:07.140 credit card or the ballot, whatever the balance is going down is money that counts towards saving.

00:23:12.840 That's kind of a hard number to get because you got to, you got to take out the interest payments,

00:23:17.900 take out the interest and just have it be the principal. But whatever amount goes toward

00:23:22.140 principal on those bills, that money is actually saved because you're saving that interest rate

00:23:27.760 that you've cost yourself. Now, right. And we talk about this a lot because a lot of times people

00:23:32.360 will come to me and they'll say, well, Ryan, especially that I work with some dentists,

00:23:36.160 just getting out of residency or, or, or a, uh, or their, or their program. And they'll come to me

00:23:41.140 and they'll say, Hey, Ryan, I've got 200 X amount of dollars in debt and I want to start saving.

00:23:45.980 What should I do first? And the reality is, is that if they've got six, six and a half,

00:23:50.380 7% on their debt, if they start paying those things down, that's a guaranteed 7% rate of return

00:23:56.500 that they're not ever going to get in the market over time, they might, but it's not guaranteed.

00:24:00.760 Yeah, absolutely. So if, if, if that money is not going to be re-spent and that's the key,

00:24:06.180 uh, then, then that money counts. And we, we, by the way, have already, as we've been

00:24:10.700 rolling out this, uh, our, our program, we've had some fights with people about that, but,

00:24:15.680 but you know what? It counts. It counts. Like you said, it's a guaranteed rate of return.

00:24:19.580 I like what you said there too, about not going and spending is like, cause what I've noticed is a

00:24:23.940 lot of people will pay off that $10,000 loan and then they'll free up to $300 a month. And they'll say,

00:24:28.740 Hey, I can go buy that four wheeler now, or I can upgrade my truck because I've got $300 a month

00:24:32.760 more. And the reality is just going right back into debt. You're never paying it down.

00:24:36.340 I, I had a friend who was a financial advisor when I started, he was in his second year and

00:24:40.620 worked in the same office that I did. And he helped people re reconfigure their debt. So they freed up

00:24:46.200 $350 a month. And, and so they got that done. He helped it. He's ready to help them take that $350

00:24:52.380 right and start either accelerating their debt payments or start some savings, whatever it is.

00:24:56.640 And, and, uh, they came in and they said, well, we had $350 and that was what a new boat payment

00:25:01.700 was. So they went and took out a bunch, a bunch of new debt for a boat. How wild is that? But

00:25:08.520 anyway. Yeah. I'll never, never buy a boat. Just get a friend with one. Right. Isn't that the,

00:25:12.320 isn't that the rule? Yeah. Right. Well, what are the happiest days of a boat owner's life? Right.

00:25:17.180 When they buy it and when they get rid of it. Right. All right. So we've calculated how much

00:25:23.300 our debt is being reduced each month. Where do we go from there? Yep. And we've taken the money

00:25:28.320 that we're saving out of our paycheck. And then we find money that we might be saving elsewhere.

00:25:32.680 So if I'm saving into a savings account and I'm not touching it, the key is it can't be cashflow,

00:25:38.960 right? It's gotta be money that that's already being saved. So now we know how much is already

00:25:43.300 being saved. Once we have that number, then we know that it's a much smaller number that we got to go

00:25:48.520 get. So then there are only not magic. There's only two ways to find the rest of the money.

00:25:54.880 Number one is to spend less money. And, and then number two is to make more money. Right. Right.

00:26:02.540 So, so, and, and we actually have to work on both of those. And I'll tell you the easier one,

00:26:06.260 the one people focus more on is not the easier one. The easier one actually is making more money.

00:26:12.440 The, I want to talk about that. Cause I think that's valuable. Yeah. The one most people

00:26:15.840 focus on is spending less money. So in our program, that's where we start is with how do you spend

00:26:21.760 less money? Yeah. Cause a lot of people will, will, you know, you can cut out Starbucks or turn

00:26:27.740 off cable or what, you know, it's really funny. I had, I remember this vividly. I had a guy come in

00:26:31.840 and we looked at his budget and we looked at his income and expenses. And the reality was he just

00:26:36.960 wasn't bringing enough in and he was spending too much. So I, so I sat him down and I said, look,

00:26:40.340 you can do one of two things here. You can a make more money or B spend less. And it was like a

00:26:49.920 light bulb went off in his head. Like he had never heard this concept before he, I will, I was his

00:26:55.220 hero, but we got things turned around. So I, I agree. That's the only two ways to do it.

00:26:59.740 It is. We make it more complicated than it needs to be. We make it way more complicated than it needs

00:27:04.640 to be. So those are the two ways. And when it comes to expenses, we, uh, we start off with the

00:27:10.060 big expenses. So expense number one for most people are your housing expenses. And if you're

00:27:16.540 way far away from saving half and you really want to make this an Epic year, maybe you have to think

00:27:21.640 about your situation. Maybe, maybe I'm in a house that is, you know, there's this, there's this thing

00:27:28.360 that we've seen not to stop one sentence and start another, but, but there's this thing that we've seen

00:27:33.080 called the, the, the, the tiny house movement. You seen that? Yeah. Right. Yeah. People live in

00:27:38.780 these really now for me, Ryan, that's, that's ridiculous. I get, I get inspired by that,

00:27:44.000 but I don't want to, you know, I don't want a house that's so roomy that I got room for a bottle

00:27:48.700 of water and a toothbrush, you know? Yeah. It's this minimalist movement. And I'm with you is,

00:27:53.080 you know, as important as saving money is and cutting back unnecessary expenses. I also want to

00:27:57.960 live life and enjoy myself. Absolutely. No, there's this other movement that I like. That's kind of the

00:28:02.500 mid range. And there's a great series of books, which is called the not so big house books.

00:28:07.460 And I love these books because what they talk about is effective use of square footage. And

00:28:12.620 like, as an example, in our house, we've got these built in shelving units. Um, we've got, uh, uh,

00:28:17.940 no real family, um, uh, uh, uh, living room, like formal living room. Okay. Right. You look a lot of

00:28:25.440 the, the, the problem with houses in the way that they're built and we might not have time for all

00:28:29.720 this, but, but the, the problem with houses in the way they're built is that McMansions today

00:28:33.680 are built with a couple of rooms people no longer use. And the problem with that is that the builder

00:28:39.060 knows that you're going to buy your house. It's, it's cost per square foot. Right. And, and, and so

00:28:44.120 houses get value based on cost per square foot. But, but the question that these architects have that

00:28:48.420 are behind this, not so big house movement is what about usable square footage? You know, because you go

00:28:53.920 into some of these houses, there's a formal dining room that nobody wants to eat in because it's too

00:28:58.360 pristine and we can't mess it up. And then there's this formal living room, right. That we used to use

00:29:03.420 back in the parlor days in the 1920s, you know, where you'd have, uh, people would come over and

00:29:08.780 you'd sit in the parlor because that's what society did. Now, if, if I go to over to a friend's house

00:29:13.500 and they still have that type of house, nobody's in those rooms, you know, we're, we're all in the

00:29:17.580 kitchen, right? Yeah. Right. Well, you know what? The other side of that though, Joe, is I do like

00:29:22.480 the idea of having the front room where it's, it's, it's nice and it's orderly and it's clean

00:29:27.760 and you invite people that you don't want to stay for very long into that room only.

00:29:32.520 You, you, if you're, these people are annoying, so let's make it as tense as possible room.

00:29:36.800 That's right. Yeah. Let's make it awkward and uncomfortable. And if you make it past that room,

00:29:41.140 then your family, that's it. I know now next time when I go over to your house, I'm going to know,

00:29:45.980 I'm going to know whether I pass the test or not. Right. Oh, thank goodness. I feel so much better.

00:29:51.400 But seriously, there are houses out there that are just way too, too big, not usable space. And if you

00:29:58.720 look at, if you look at what space you're going to use, you might be able to buy a much smaller house

00:30:03.740 with much more usable space. We've all been in, in more modern houses that have a flowing area,

00:30:09.800 which is kitchen into dining room into this usable space. Maybe the television's there and it's all

00:30:15.960 kind of togetherness. Right. Um, and so, uh, uh, we like that, but even, even moving, you know,

00:30:22.820 if your job doesn't depend on where you live, moving inland from the coast, Kathleen's sister

00:30:28.960 moved from Portland, Oregon, which gorgeous city to San Antonio, Texas, which is another gorgeous city.

00:30:36.440 But she ended up with living expenses that were about 30 to 35% less than what she had when she was

00:30:44.140 in Portland just because she moved inland and you know, San Antonio, fantastic place to live.

00:30:50.040 Oh yeah, absolutely. Yeah. And, and also not only that, but also your proximity to the office,

00:30:56.220 even if you do need to physically go into the office has been something that I know has been

00:30:59.680 helpful as well. Right, right. Nope. I totally agree. So we look at big expenses like that and

00:31:04.980 utilities, you know, and, and we, what you need to do is find a great spreadsheet and they're all over

00:31:11.100 the internet. We use one from a company called Tiller that I really like. Uh, but, but just go

00:31:16.520 line by line and, and start with the big expenses and then work your way down to, to much smaller

00:31:21.540 expenses. Certainly if you're listening to this, you're like, dude, I like where I live. I don't

00:31:24.300 want to move. You don't have to, you don't have to move to save 50, but, but if you're way far away

00:31:28.880 and you're living in this house and you're only using half of it and it doesn't matter where you

00:31:32.260 live and you really don't have any friends in the city that you're in, what do you, what do you do in

00:31:36.400 there? What do you say about vehicles, downgrading vehicles? What's, what's your thought on that?

00:31:41.960 Well, well, here's the number one thing. Most people drive to places that are within a mile

00:31:49.120 of where they live. So not just, not just going to less vehicles, but questioning why I'm taking

00:31:55.420 a vehicle versus riding my bike places. Right. Or why am I not walking there? Uh, I've got a friend

00:32:01.600 who I like to, well, you know me for a long time. I'm a huge board game geek. And so this,

00:32:06.400 this guy that lives, uh, about three quarters of a mile from me hosted a guy's game night. We were

00:32:11.900 going to, we were going to play some settlers of Catan and stuff. So I just rode my bike over there.

00:32:17.320 It was funny because every time I've, I've lived here for seven years, every year and a year and a

00:32:22.500 half ago, I always drove over to Mike's house and about a year and a half ago, I'm like, what the

00:32:26.060 hell am I, why am I driving this? Yeah. It's so easy to ride my bike and these aren't, you know,

00:32:32.020 super busy streets. So, uh, I think we just need to rethink the car is so ingrained in our life.

00:32:38.440 Why do we need a car for every, every, uh, thing that we do. And then, and then clearly

00:32:43.560 when you go buy a car, why am I buying a new car? That's going to depreciate right off the lot.

00:32:48.560 Exactly. Well, not to mention, you talk about the bike riding and the walking and things like that,

00:32:52.020 the health benefits that come along with that as well. Right. Oh, absolutely. Which,

00:32:54.600 which give you a clear mind so that I can, I can think more critically throughout my day.

00:32:59.560 And it's funny because like this morning I went on a four mile run and you, you come back like, 0.91

00:33:05.720 it's hard as heck for me to get my ass out of bed and do that. It is. Yeah. But once I'm, I'm a 0.95

00:33:11.060 quarter of a mile down the road, I feel great. And then I get home and I've got this huge runner's

00:33:16.140 high, which I love. And it lasts most of the day. You're going to have to tell me how to do that

00:33:20.440 because I have yet to have, have earned the runner's high. Oh, that's funny. So tell, okay. So we've

00:33:26.700 got the big expenses. Are we going to look at the, the, the little stuff? I mean, we're going to go

00:33:30.640 line by line and look at Netflix and look at all of these things as well. And then let's talk about

00:33:34.860 that. And then let's talk about the next step, which is making more money too. Once again, it,

00:33:37.940 it depends on, it really depends on what you want and how far away you are. So, so, and your lifestyle,

00:33:45.580 like I saw a great thing on the onion, uh, today, the funny website, uh, where they were talking

00:33:51.020 about guy cuts cable so he can cut out the six hours of his day. He enjoys the most. So, so if

00:33:58.800 I'm in love with my Netflix, why the heck would I cut that? But realistically, if I'm wasting a bunch

00:34:03.740 of time in front of the television, I certainly should look at that. And I'll tell you what I

00:34:07.580 tell you a small area, one small area where people find a lot of money, it's going to eat out, which

00:34:13.340 once again, Ryan health benefits, health benefits on top of economic benefits. And if you're in a

00:34:21.000 family of a spouse or somebody that you, that you live with, even with a roommate, I'll tell you

00:34:25.660 making meals together, it's so communal and it's so fun that, um, eating at home, which to many people

00:34:33.760 seems like a chore, you know, I want somebody to bring me my meal. Uh, it is, it's such a good time,

00:34:39.660 uh, to make dinner. And I like it because like you, I often work from home. And so because of that,

00:34:46.300 for me, once I start making dinner, it, I'm, I, I, you know, we talked earlier about being present

00:34:51.720 with, with food preparation, you have to be in the moment and it just totally helps me get rid of the

00:34:57.240 day and whatever the issues were of the day and focus then on making that meal. And then when we

00:35:02.820 serve the meal, then I'm with my family instead of somewhere out in space. So I love that. Yeah,

00:35:07.640 that's a great idea. So meal planning is number one. I love meal planning. And if, if you're somebody

00:35:13.080 who's really pressed for time, then on a Sunday batch meals, right? Batch as many meals as you can

00:35:19.340 and then stuff those in the refrigerator. Definitely. If you don't have a deep freeze

00:35:23.580 freezer, you need to get one so that you can package up as many meals as possible so that

00:35:28.240 you can easily, if you're in a hurry, just pull something out and, and get it warmed up and get

00:35:32.760 it going. Great idea. Yeah. I know as I go through people's budgets on a daily basis, the biggest

00:35:37.540 expenses that get out of control are dining and entertainment. So I'm with you on that.

00:35:42.600 So let's jump Joe over to the other side, which is making more money. Do you have any quick tips

00:35:46.760 or ideas or suggestions for that? Well, the first one and women statistically are most guilty of 1.00

00:35:52.440 this and you can't, you can't categorize all men or all women do anything. And certainly I know 0.52

00:35:57.660 men that are like this too, which is why I'm saying, saying it today, but this is statistically more

00:36:02.620 women are afraid that if they ask for a raise that they will offend their boss and they'll get 1.00

00:36:07.620 fired. Ah, right. Some men also are afraid of that. And certainly to a degree, we should be

00:36:13.520 afraid of that. Right. But well, it should be a little intimidating. That pushes you outside of

00:36:17.360 your comfort zone. I think that's right. So the number one easiest way to bring in more money

00:36:21.780 is to think to yourself, what am I worth to my organization? And is there a way that I should

00:36:26.520 be worth more money? Could I be worth more money? There have also been statistics, uh, the big firm,

00:36:32.020 uh, Christmas and company, I believe is, is the name of the company. It's, it's a funny name. Uh,

00:36:36.300 but they do a bunch of HR work and what they have shown is that the average person hasn't even gone

00:36:41.600 out and looked at the market to see if they're being paid what the market's being paid. Right.

00:36:46.300 Right. Now what I want to do, if I work for a small organization, obvious going to be across the

00:36:51.240 table from my boss, who's going to decide whether or not I get that raise. But if I'm in a big

00:36:56.340 organization, my boss might not even be the final decision maker. So I, what I want to do is I want

00:37:03.000 to make sure that I get my boss on my team and the way not to do that. Either way, I want my boss on

00:37:09.100 my team, but, but the way not to do that is to come in with an emotional argument about your bills and

00:37:14.220 about how you're trying to make it an epic or you save 50% of your income. They don't care. Right.

00:37:19.300 Right. The only thing they care about is how can you be more valuable to the company? And so if you say,

00:37:24.640 I've done this and I've done this and I've done this, I would really like to do this, this,

00:37:28.360 and this, but really when you're paying me X and everybody else in my field is being paid Y,

00:37:34.040 which might be a little more, even the same, you know, I really don't know that I can do more

00:37:39.420 economically. So you want to give your boss as much material as possible so that when they're

00:37:44.780 making the case to their boss, they're on your side and they're like, listen, I want to keep Ryan

00:37:49.520 happy. I want to give him 15% more. I want to give him 12, you know, whatever the number might be.

00:37:54.300 That is, if you work for an organization, that's the most overlooked way to make more money.

00:37:59.420 And people are always, always surprised at how easy it is to, to, to get more money.

00:38:05.800 I like that you talk about going out and actually providing value because I think sometimes we ask

00:38:11.100 for something for nothing. And I was listening to a podcast, Andy Frisella with MFCEO, right? And he

00:38:16.900 has this concept of, well, what he says is he has, you cannot make money unless you're the treasury

00:38:22.120 or the federal reserve. You cannot make money. Reframe it to say, I want to earn more money.

00:38:30.040 And then that places the emphasis on earn. What can you do to justify an increase in income?

00:38:35.700 And that's better for everybody because who goes to work every day and says, you know, 0.99

00:38:39.400 I really want to suck, right? 0.99

00:38:41.280 Right. 0.99

00:38:41.480 I mean, you want to be great at your job and you want to put yourself in a position

00:38:45.860 where you're, you're, you're forced to step up. And how cool is it when you go to your boss and you

00:38:50.400 say, you know what, boss, I want to do more. I want to be that team player that you want. I mean,

00:38:54.700 that's a powerful statement for your boss. Talk about, you know, in an age where people only

00:38:59.100 stay with a company a few years, that's a, that's a powerful, powerful statement.

00:39:03.560 Couldn't agree more. All right. So any other tips to the raise is the first thing. That's the

00:39:06.660 first thing we're going to look at. Yeah, actually. Yeah. And then number two is look

00:39:10.100 at your strengths. There may be hobbies that you have that you can turn into moneymakers. Now we

00:39:14.740 don't want it to be a moneymaker. If it's my, if it's my outlet, cause there's something to be

00:39:18.880 said for, I just do this to, I just do this to blow off steam. And the second it becomes a

00:39:22.940 moneymaking thing, I'm no longer steam. Right. Right. Right. But if I've got a hobby that is

00:39:28.360 something that I can, that I can do and make a few dollars, that's going to be great. I'll tell you

00:39:33.400 something I'm going to do in 2016. In 2016, I went on one of these ghost tours in Texarkana.

00:39:39.500 They just start up this, this company and our interesting in our downtown is really old. And

00:39:44.140 this ghost tour was so bad. It was so horrible. And the kid was doing it. I don't know why,

00:39:50.320 but he kept telling us about how he was doing the ghost tour while I was doing it. He's like,

00:39:54.500 when we get to this spot, I like to tell this story about this. I'm like, dude, just tell me the

00:39:57.800 story. Just tell the story. Yeah. And then, and then he gets done with this horrible story.

00:40:01.500 And then he says, well, that story wasn't very nice. So I'm going to tell you a happy one. Now I'm

00:40:05.300 like, I'm not on the happy tour. I'm on the ghost tour. Come on. Right. Right. Yeah. I actually went

00:40:09.900 through one of those in new Orleans and it was, it was a vampire tour and it was incredible. Oh yeah.

00:40:14.140 It was awesome. Yeah. Well, the reason I was so excited about going to this one was we'd done one

00:40:18.060 in Williamsburg, Virginia, and it was the same thing. It was killer. It was great. But so I decided I'm

00:40:23.960 going to play to these people and you know what? I'll make a few dollars. I love learning about history.

00:40:28.660 The history of ghost just sounds like something fun to do. My kids are in college now, so I have

00:40:33.180 the time. So it's a hobby. It's something I want to know more about and I can make a few bucks. So

00:40:38.120 if you can put those things together and make a few dollars that way, that's great. We also talk

00:40:43.260 about making money online. The big thing is if you're really in trouble, you have to do something

00:40:49.500 which is, which is a struggle for some people. And there's actually a story that I'm thinking about

00:40:54.680 that, that kind of illustrates this. I was in college. I was working three jobs. It took me

00:41:00.840 seven years to get my bachelor's because I was paying my own way through and I didn't want to

00:41:04.760 go into student loan debt. And, and I'm just barely making ends meet. And I'm thinking, Oh,

00:41:10.460 my life just completely stinks. And I'm listening to this AM radio talk show. Uh, this guy, Bruce

00:41:15.740 Williams, who is a great guy. Uh, but I think he's long off the radio. Bruce had a caller who called in

00:41:22.520 and said, I'm struggling with my payments. We, we don't know where we're going. Life is really

00:41:27.580 tight. How do I make this better? And Bruce asked questions. And then he said, what are you doing

00:41:33.960 between 10 o'clock at night and six o'clock in the morning? He goes, what are you talking about? I'm

00:41:39.000 sleeping. And, and he goes, Hmm. So you just called me and you said, you want things to be a lot better

00:41:44.500 and you're sleeping. And she goes, she goes, well, I have to sleep. I have to, he goes, do you,

00:41:51.400 do you want the sleep worse or do you want life to be better worse? And so for some of us out there,

00:41:57.420 you have to make some really tough calls. And so, you know what I did? I took on a fourth job.

00:42:01.980 I became a paper boy and I went out at four o'clock in the morning. I woke up at about 20 after three

00:42:07.720 and, uh, and I became a paper boy for about six months so that I could just get some junk paid and

00:42:14.580 start to get my life back. It wasn't a forever thing. I'll tell you, it's, it's funny how paper

00:42:20.140 boys look at the world. It's totally different than anybody else. I knew where all the dogs were in

00:42:23.700 town. When I went, I knew people got annoyed if the paper wasn't just so I also, I would get up and

00:42:30.860 I'd immediately look at the sky. And if it's a clear sky, you knew in the winter in Michigan, it was

00:42:36.380 going to be cold as all get out. Oh yeah. Oh yeah. The high sky, right? Very first thing I'd do is

00:42:41.600 I'd look out the window and I'd see, and if I saw stars, I'd go, oh crap. Those clouds don't keep

00:42:47.460 the heat that aren't there to keep the heat in, right? Absolutely. If it was, if I couldn't see

00:42:51.260 stars, I was so excited. Well, Joe, we're winding down on time a little bit here. I obviously I want

00:42:56.660 to give, uh, you an opportunity to share with us where we can find out more because I think we're

00:43:01.440 scratching the surface on what can be done to save 50. But before we do that, I've got to ask you a

00:43:05.820 question. I even prep you for this question, but I can't let you out of it because I've let,

00:43:09.560 I've asked 39 or 40 guests to this date. So I can't let you out of this question.

00:43:15.220 And that is, what do you think it means to be a man? And it's so funny. This is the thing that

00:43:20.180 scared the heck out of me. So you knew coming on, coming on, come on. All right, good. Yeah. Yeah.

00:43:26.580 So you know what it means to be a man? I think it means, I think it means stepping up when there's

00:43:33.940 going on that, you know, isn't right. And there's something, there's a leadership void that you are

00:43:41.260 willing to be the person that steps up and says, you know what, we have to do this thing. You're

00:43:46.820 the person that thinks outside of just yourself. You think of others first, and then you think of

00:43:51.140 yourself second. I'm thinking about my dad. My dad had this, this old lady who lived next door to us

00:43:56.280 growing up. And every day he would, after work, he'd go next door and talk to this woman because her

00:44:01.900 kids were in a different state and just, I think they didn't care anymore. She had nobody. And my 0.54

00:44:06.560 dad came home one day. I remember I'm a teenager. My dad said, go home Mrs. Noble's lawn. Oh, what

00:44:12.480 are you talking? Oh, is she going to pay me? My dad just looks at me. And, and, and that, that state

00:44:17.960 that my dad made to me just with those eyes in my mind, when you asked me that question, that was the

00:44:23.340 first thing I thought about my dad looking at me that day. Cause it was a bigger thing. It was the

00:44:27.520 thing nobody was doing, but somebody needed to get it done. And I think the other thing about being

00:44:32.160 a man is also knowing when you don't, when to be a soldier and when to be a leader. Cause it seems

00:44:38.440 like, especially in today's society, we got a society where everybody wants to lead all the time.

00:44:43.280 Right. And, and yet if, if we trust that, that our leaders going the right way and we can be an

00:44:50.760 awesome soldier, sometimes there's a ton of power in being the man that's number two, because being able

00:44:55.820 to put your pride away and instead make the machine go quicker because you were willing to get in

00:45:01.600 there and muscle to be a cog in the wheel. I think that's a lot of being a man. I love that. I've

00:45:07.320 never heard that before. And so that's a completely unique perspective that I really appreciate and

00:45:11.400 like. So, all right, Joe, so how do we connect with you? And if we're on board with this and we

00:45:15.660 want to learn more about saving 50% of our income, where do we go? Oh dude, we're so excited. So this

00:45:19.320 program is going to be in January. We are signing people up in January. You actually do the course

00:45:24.080 on your own. It's called save50.org. It's save the numeral 50.org. You go there and you sign

00:45:30.960 up for the course. We're putting together a group of people who you actually do the course

00:45:35.360 on your own because we know that people work different schedules. So, so you go through

00:45:39.200 the course and then we have a closed Facebook group so that we hold each other accountable

00:45:42.960 and we will be this pack of wolves that are kind of hunting together. Now it's, it, we're

00:45:48.500 excited about anybody joining. So if you want to have you and your spouse do it together,

00:45:53.180 you and your girlfriend do it together, whatever, uh, men with this is open to anyone. We're

00:45:58.700 excited. And we've got two, two of us leading it at stacking Benjamins. My partner who has

00:46:03.400 lived it herself, she's been there. And me, my job is to bring the former financial planner

00:46:08.380 muscle, uh, to it. So you'll get the best of both worlds. I think you get the cat, the

00:46:12.680 Kathleen passion and you'll get Joe's, you know what, if you've got technical issues, I can

00:46:17.520 help you solve those. And we'll teach you those systems that we talked about just a little

00:46:21.300 bit about how to hide money from yourself. So it easily gets saved. Once you, once you

00:46:25.680 make more money or you, uh, find ways to save more money.

00:46:29.320 I love it. I'm excited to get signed up, get going, uh, for us as well. Joe, I appreciate

00:46:33.480 you. Tell me real briefly, if you would, about stacking Benjamins, because we don't want to

00:46:36.760 let you go without giving the guys another resource where, where you say you don't learn

00:46:41.400 anything, but I, I, I completely disagree with that. So tell us about that real quick.

00:46:45.120 Well, thanks a ton. And thanks for having me on Ryan. I really appreciate it. We, uh,

00:46:48.780 stacking Benjamins is a, uh, we are the lighter side of personal finance. We have a podcast

00:46:54.220 that is three days a week, Monday, Wednesday, Friday. And, uh, it's about earning, saving

00:46:58.720 and spending with a plan. But the show, my partner, OG, who certified financial planner and

00:47:04.080 I, who used to be a financial planner, uh, I was for 16 years. We, uh, have a cast of crazy

00:47:10.260 characters. You've been one of them several times, right? Uh, that, that come on. It's a show

00:47:15.160 that has 80, it's about an hour, uh, every show, but it is, if you think of car talk,

00:47:21.020 if people remember the show car talk, where, where you're ostensibly, you're talking about

00:47:24.980 cars, but you don't learn crap about cars. That's our goal. Our goal is to just be fun,

00:47:30.060 surround sound where money's the topic. Uh, so live from Joe's mom's basement, the stacking

00:47:35.800 Benjamin show. All right. We'll make sure we send guys there. We'll have all the links up on the show

00:47:39.880 notes page for you guys. Make sure you check out stacking Benjamins, save 50.org. Joe,

00:47:44.280 I appreciate you. I always have. We've been friends for a couple of years now, and you've

00:47:47.440 been extremely helpful in helping me launch several podcasts. I appreciate you. I appreciate

00:47:52.220 your time and your wisdom. Thanks for joining us today. Thanks a ton, man. There you have it,

00:47:56.060 men. Mr. Joe Salcihai, go check out his work. You will not be disappointed as a financial advisor

00:48:00.660 myself. I can tell you that getting your money under control is one of the single best things you

00:48:06.240 can do in your life and the lives of those you care about and are responsible for. Again, if you want

00:48:10.440 the links, the resources, the highlights, the quotes, all that stuff, head to

00:48:13.200 order of man.com slash zero for one and go to facebook.com slash groups slash order man to

00:48:20.100 continue the conversation again with over 1500 men about what it means to be a man. Remember we

00:48:25.940 are opening the iron council. It's a mastermind where we'll delve further into the eight key

00:48:29.980 skill sets. I'm not going to talk about it too much. I already mentioned that, but if you want to

00:48:33.520 learn more about it, head to order of man.com slash iron council. If you want something more

00:48:38.900 and different in your life for 2016, you're going to have to do something different to make that work.

00:48:45.500 And the last thing, the $150 night giveaway by my friends over at Seneca Creek, head to order of

00:48:51.640 man.com slash Seneca Creek giveaway. One, the number one, we're going to make this a weekly occurrence,

00:48:57.800 which I'm excited about. We're going to be announcing the winner of this week's giveaway

00:49:00.720 next week. So you want to make sure you get registered guys. I look forward to talking with you next

00:49:05.560 week, but until then take action and become the man you were meant to be. Thank you for listening

00:49:11.440 to the order of man podcast. You're ready to take charge of your life and be more of the man you

00:49:16.480 were meant to be. We invite you to join the order at order of man.com.

Order of Man - December 29, 2015

OoM 041： How to Save 50% of Your Income with Joe Saul-Sehy

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