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You are here: Home / Archives for Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University. 

My Favorite Christmas Moment–Learning the Value of Exercise

December 3, 2012 by Joe Saul-Sehy 33 Comments

Christmas eve.

You’d think my story would be about shopping or a family get together. Those have been nice (I tell an endearing story on today’s podcast). This one trumps them all, though.

We had a family….er….tradition. My dad would march my brother and I (this particular year we were ages 10 and 7) to the stores to get something for Mom on Christmas eve. Traditionally, stores would close at noon. Shelves were in disarray. Weeks of holiday specials created mixed bins of heaped colors and shapes. Every year we’d scavenge through holiday bins, looking for the right gift.

Let’s talk definitions. “Right gift” didn’t mean something perfect that my mom would absolutely love. Buying a gift with my dad was never about “Will mom think this is just perfect?”

It was more: “Do you think she’d be offended if we bought her a toaster?”

Shopping with my dad was a “How the hell do we get out of this mall” adventure.

But I’m getting ahead of myself, aren’t I? One year we barely made it to the store on time to buy my mom a gift at all. That’s because we decided to grab lunch first AND JCPenny that year decided to stay open until 2 pm….but let’s just tell the story.

 

The Story

 

To kick off our Christmas Eve “The Great Mom’s Gift Hunt,” my dad took us to Pizza Hut. We didn’t eat at restaurants a ton when I was a kid, so every time was special…and Pizza Hut with my dad equaled supreme awesome.

I barely remember the lunch. I’m sure we had the same sort of meal as always when mom wasn’t around…three guys stuffing themselves as full as possible. My brother would then open his mouth to show us his half-eaten lunch. My dad would scold him because we didn’t do that in our family. “Just eat it, already.”

My dad has always had a strong work ethic and is a straight shooter. While he didn’t talk a ton (I’ve made up for his lack of vocal effort), when he did, you listened. That’s because, while a horrible shopper, my dad valued relationships, honesty and hard work. I remember my dad’s retirement party as person after person walked up to me and told stories about what a big affect my old man had on their life.

But enough mulling over my dad. I have a story to tell, and after the meal was the interesting part.

The woman brought the bill as my dad was listening to my brother and I argue. I know I didn’t notice as he leaned toward one side to grab his wallet, then leaned to the other side. I do remember that my dad, a quiet guy already, became really still.

Then you could see an idea light up his face. It’s like the time you first figure out the little secret to something, like how the toilet lever works. Maybe you’ve figured out how to arrange landscaping, fix your bicycle, or sprung upon how to make the fish tank work. THAT “aha!” look.

Whatever it was, I remember The Look.

 

He Leaned Forward

 

“Okay, Tony. Here’s what I need you to do. Go into the bathroom and count to ten. Then go out to the car.”

Tony’s face contorted. “Why?”

“Don’t ask questions. Just go to the bathroom, count to ten, then walk out and get in the car.”

My dad and I watched as Tony, bewildered, headed for the bathroom. A few minutes later, he walked out to the car. We could see him open the door and jump into the back seat.

Clearly, in my mind, Tony had said something in our arguing to upset my dad. I wasn’t sure what it was, but I was glad he was getting in trouble and not me. I was about to bite into the pizza crust on my plate when my dad leveled his jaw toward me.

“Okay, Joe. Go to the bathroom and count to ten. Then walk out to the car and get in.”

What the heck? I thought Tony was getting it, not me!

“Just do it. Hurry up.”

I stood up and walked into the bathroom. Then I counted to ten. If I’d been older I might have wondered if my dad was losing it.

Was I in trouble? Maybe there was something I’d done to upset him?

I walked out to the car and sat in the back seat next to Tony.

“Why are you out here?” he asked.

“I don’t know. Dad told me to go in the bathroom and then come out with you.”

Tony shifted toward the door. “I don’t want to be out here. I’m gonna get out and see–“

“Wait!” I pulled at my brother before he could open the door.

My dad was hustling out of the restaurant, face beet red and his car key in hand.

I couldn’t believe it. He got in the car and drove away. About a mile down the road he giggled (and my dad wasn’t a giggler).

“I forgot my wallet.”

Holy moley. My dad, the respected do-gooder in our town, had just dined and dashed on Christmas Eve.

We went home and retrieved the wallet from his dresser and still made it to JCPenny before they closed.

…and if you’re wondering, no, my mom wasn’t offended by the bath robe we picked out.

Epilogue: My dad gets embarrassed when I tell that story, so I’ll tell you the real ending. While all of the above is true, he felt so bad about it that later he went back and paid, explaining the whole thing. Luckily, because he told the manager everything, nothing happened to him (no police, etc.). That’s totally my dad, too. He hasn’t always made the right decisions, but when he made a bad one, he’s always been the first to go back and make it right.

…either way, I still think my dad should have exercised more if he was going to try a 40 meter sprint out of the Pizza Hut.

Looking for less devious stories of Christmas past? Check out Sicorra’s Christmas post mini carnival today at Tackling Our Debt.

Photo: Victor Solanoy

 

Looking for more stories of Joe & his family not quite getting it right?

Try You Have No Idea What I Paid For This Room, There’s Something Wrong With The Car or I Miss Checkbooks.

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: irrelevant stories, Meandering

2 Guys and Your Money #020 – Holiday Financial Gift Guide

December 3, 2012 by Joe Saul-Sehy 4 Comments

Have shows come automatically to your iPod! Use the 2 Guys iTunes page here.

Listen to shows on your smartphone! Try the Stitcher app here.

Searching for that perfect financial something-something for the ones you love? We’ve got you covered this week with an hour of talk about financial gifts. From friends who are finance geeks to those who don’t care at all about money, we’ve got an episode chock-full of ideas.

Show Notes

<> Open – Your Favorite Holiday Moment

<> PK: – Gift Ideas for Financial Geeks & The Psychology of Gift Giving

<> My Dad’s Shortwave: Barb Friedberg, Len Penzo, Dominique Brown and Dr. Dean Burke talk about gifts they like for family members

<> Let’s Give Something Away

<> End Show: OG saw Expendables 2 (thumb down), Joe finished Sherlock series (thumb up)

<> We might or might not discuss Siri, a new “theme” park and Starbucks…but that’s debatable. I’m sure we don’t talk about these things. Forget I mentioned it.

 

Gifts  mentioned today by Shortwave Gang (some are Amazon links, which would earn us a small commission.  Please consider clicking to support the show!):

Children’s Gifts

ATM Machine

Cash Register

Supermarket

Planet Orange

Sim City

Doesn’t Like Financial Stuff

Money Magazine

Financial Football

Control Your Cash

RFID Wallets

I Will Teach You To Be Rich

The Total Money Makeover

Laptop

The Free Financial Advisor

Financial Geek

Freddie Mac stock is worth $0.30 as of today

Omnifocus app

OneShare.com (buy a share of stock as a gift & frame it)

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: Podcast

Can’t Save? Write It Out, Bitches!

November 27, 2012 by Joe Saul-Sehy 61 Comments

Okay, I know. The original line in Entourage was “Hug it out, bitches,” but it’s my blog and I’ll twist words for my own devilish devices.

The #1 line people would use in my office back in the day:

“I can’t save money.”

It was usually younger people who’d say this, but not always.

I had one solution, every. single. time.:

“Let’s write it out, bitches!” (…minus the bitches part. That wouldn’t have been great for biz.)

Often, just the process of turning thoughts into visuals can quickly uncover opportunities you never knew you had. Your brain has a love affair with visual cues. Many people become jumbled when they hear words, but if you put pictures in front of them, it’s magic. Heck, that’s why Sherlock Holmes has been so popular. Everyone knows that if you just look a little harder, you’ll find the right clues to solve the mystery.

In this case, adding visuals will help us find money where we thought there was none. It’s like the ending of the mystery: The Great “How Did That $10 Bill Get in My Pants Pocket” Caper.

Sherlock Holmes used simple tools around him to solve the crime. Let’s do the same:

So, let’s play around with this mystery on the nifty little Planwise tool on our site.

 

Meet Steve & Sarah.

 

They are two awesome hypothetical clients of mine. Steve works for Starbucks and earns $2,000 per month. Sarah works as a financial blogger, and (just like the rest of us), is just killing it, making $2,200 per month (inside joke for blogger friends reading this). Both of these numbers represent take-home pay.

Got it? Cool. Let’s interrogate our witnesses.

 

Goal Time.

 

As clever sleuths, we begin by grilling Steve and Sarah about their savings game plan:

1) They’d like a home. Their little apartment is busting at the seams with four people inside. They’ll need $20,000 minimum for a down payment and mortgage closing expenses.

2) They also know that if they start early, they can get education for their children settled. They don’t want to pay for all of their children’s college, but if they can pay half of an in-state university, they’ll be happy.

3) Finally, they want to retire someday, so they decide to set their sites on age 65.

Why is this relevant, Joe? I thought this was a story about being able to free up money?

It is, but until we know exactly what we’re saving toward, Watson, there’s really no sense. Every crime has a motive. Savings goals also have motives. “Why?” is the best question you can ask yourself.

  • “Why are you saving?”
  • “Why do you want that goal so badly?”

Sure, it might not be a concrete goal. You might want flexible money for trips or whatever, but there’s gotta be something driving you to change your habits…something to change your life.

Once we have those on paper, we can use them as evidence of why something today should be cut out.

 

Budget Away

 

To get an idea of their situation, Steve and Sarah quickly jumped on the Planwise tool on our site. It’s only a matter of minutes to add in expenses and produce a graph like this:

 

image

 

 

As they expected when they said, “We can’t save,” the Planwise graph shows them in the hole just over $100 per month. Now that we know the situation today, let’s start looking for visual clues.

Using my mad Sherlock Holmes skillz (you know AC Doyle was fond of “z”‘s, don’t you?) I’d break Steve & Sarah’s expenses into two types:

  • unlikely suspects
  • likely culprits

Example of an unlikely suspect: I could tell them to cut the $90/mo. utility budget. Realistically for a family of four this could get down to $75/mo., but there are easier wins for $15.

Let’s look at those more likely culprits instead:

– $1,200 Rent. If they can find cheaper digs, this could save them huge dollars. I know….this isn’t popular with people, but it’s the biggest expense on the sheet. It should be thrown into question.

– $150 Mobile Phones. If we could find a way to make this $50, we’d quickly save $50.

– $85 Cable TV. Easy win if they disconnect cable.

– $200 Personal Care. When I’d point to this one, someone in the house would always sigh. For some, giving up their relationship with the hair stylist is like telling grandma you won’t be coming to Thanksgiving. That’s huge money, and can be easily cut.

– $80 Gifts (I’ve called it “shopping” in the Planwise tool). If you aren’t reaching your goals, giving gifts should take the back seat.

How did I find these ones? Generally, they’re bigger numbers. Second, I reasoned what the smallest number could possibly be. By just surveying the list for the biggest numbers and eliminating the ones that can’t be reduced quickly, I came up with a strategy to share with my client.

Sometimes experience helped here (you’d see clients get really creative with their budget), but generally it didn’t. I just learned to look more closely at every number and ask “Why?”

 

What They Decide

 

In this scenario, they’re happy cutting gifts back to $25 (kids parties are more difficult to cut than you’d imagine) and eliminate cable tv.

That makes the Planwise graph look like this:

 

image

 

They now have $30 per month in their hot little pockets and a balanced budget, right?

Wrong.

Without goals, the Steve and Sarah’s of the world always choose to cut just enough to get to even.

Unfortunately, they also need savings and adequate insurance. We’ll have to cut more, but not until we find out how much more.

That’s because there’s not a reason for them to save more than they really need. Why continue saving money if there are things they’re cutting now that they’ll enjoy?

See how fun it was writing it out?

Another day we’ll use the Planwise tool to check out Steve & Sarah’s ability to save for a house, education and retirement.

What planning tools do you use to project your savings needs? When looking for money, what you you bitches found by writing it out?

Photo: shining.darkness

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Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: budget tips, Planning Tagged With: can't save, easy savings tips, Entourage, make saving easy, Sherlock Holmes, Starbucks

6 Wacky Ways to Sell Your House Fast

November 20, 2012 by Joe Saul-Sehy 44 Comments

While I’m in Ohio kicking my family’s butt at board games over the holiday, Dominique Brown agreed to take over the reins for a day. Thanks, Dom! 

For those of you who don’t know him from our podcast, Dominique Brown is a financial planner, landlord, personal finance blogger and video blogger. He is the owner of YourFinancesSimplified.com where he talks about everything from being a new father to his worst financial mistakes. He is also the owner of InsiderRealEstateTips.com where he talks exclusively about real estate. He’s been featured at The Huffington Post and H&R Block. You can find him either on Twitter, Facebook, Youtube or Instagram.

Maybe your adjustable rate mortgage is about to put the ARM on you. Maybe you just took that once-in-a-lifetime job halfway across the planet. For whatever reason, you need to sell your house fast. When your back is against the wall, you might try some of these unusual methods to sell your house fast.

Saturate the Internet

It may surprise you to know that 66% of folks shopping for homes begin their search online. For this reason, make certain your realtor has your property listed on the internet. The top five sites are Trulia.com, Homes.com, Craigslist.org, Zillow.com and Yahoo.com. While there are other sites, these top-of-the-heap places give your property greater exposure, hopefully shortening the time to sell your home. Don’t overlook social media sites like Facebook, LinkdIn, and Twitter. Send out copies of your listing to everyone on your contact list. Start a blog about your home, talk up the neighborhood, schools, and nearby attractions, such as parks or community centers.

Try eBay

I know this sounds wacky, but for about $150, this is a cost effective way to create buzz about your home, and can land you a ton of traffic. The auction is not binding, and if you choose not to accept any offers, that is your privilege. If you need to sell your house fast, consider this part of your advertising expense. Who knows…you might sell your house fast!

Got Kids?

Put them to good use. I read about a couple that had “Buy My House” T-shirts made for their children and all their children’s friends. This shouldn’t get you into hot water with Children and Family Services and hey…a lead is a lead, right?

Incentivize Your Broker 

Offer your broker a bonus for a quick sale. The bonus should parallel your need to sell your house fast. Avoid cash bonuses. Offer a weekend get away to Las Vegas, Chicago, or Atlantic City. Maybe your broker is a sports fan and would appreciate getting tickets for that big game. Use your imagination. That’s why I suggest you avoid cash. So boring!

Incentivize Your Buyer

Offer to pick up the full boat on closings costs. Maybe you could sweeten the deal by prepaying the property taxes for few months. This could really help a first time buyer.

Price it Right 

Work closely with your broker to arrive at a selling price that is attractive, but not so attractive as to arouse suspicion in potential buyers. If you price your house too far below the rest of the market, prospective buyers may think something is amiss with the home, the neighborhood, or the schools. This is a balancing act, and if your broker is clear on your goal to sell quickly, then together you can arrive at a Goldilocks’ price—not too high, not too low, but just right. Another way to sell your house fast and still get a fair price is getting in touch with NeedToSellMyHouseFast.com, a trusted home buyer famous for buying houses in cash.

Some people think that under pricing your home is “good thing.” These people believe that market forces will come into play. They believe potential buyers will actually bid against one another and force your selling price into line with market prices. You and your broker will have to make that call.

Don’t Forget the Basics

Don’t get caught up in the wacky things you are doing to speed the sale of your home and forget the basics. Do not make that mistake. You still need to make certain your home is in good repair inside and out. Make sure the rooms are clear of clutter. Keep the dishes washed and the kitchen spotless. Bathrooms should always be spotless too. If you have pets, consider boarding them with friends or with a kennel. Not everyone is a fan of the furry friends. Make sure you mow the lawn, put toys and tools away and repair any problems with outbuildings or fences. When your broker is showing your home, it is usually best for you to be absent. Spend some time visiting open houses. This is a good way to get ideas for highlighting your property, and it is free.

 If you have had experience with selling your house fast, let us know about it. Have you had success in making a fast sale?

 

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: Real Estate Tagged With: Real estate, sell your house fast, wacky real estate tips

Two Guys and Your Money #019: Black Friday Shopping – Hot Tech Toys and Budget Tips

November 19, 2012 by Joe Saul-Sehy 3 Comments

What goes great with pumpkin pie? Obviously, it’s this week’s episode of Two Guys & Your Money!

Have shows come automatically to your iPod! Use the 2 Guys iTunes page here.

Listen to shows on your smartphone! Try the Stitcher app here.

Show Notes:

<Open>

<> PK: Election polling recap and the worst polls of all time.

<> Let’s Give Something Away

Special thanks to Fidelity Investments for sponsoring our show! Check out TheFreeFinancialAdvisor/Fidelity to find out how Fidelity has been helping clients for over 60 years.

<> Interview: Hot Gadgets! Special thanks to Julie Vlahon of Techbargains.com.

<> Interview: Black Friday Budgets: A big thank you to Shawanda Greene from You Have More Than You Think

<> End Show: Oprah’s Favorite Things, Skyfall, Argo and Lincoln.

 

Items Julie mentions on her interview:

Hot Holiday Tech Trends
1.            Ultrabooks.  IdeaPad Yoga 13 by Lenovo ($999, Available at Best Buy)
–              The IdeaPad® Yoga 13 is the world’s first multi-mode Ultrabook that provides the ultimate flexibility between a laptop and tablet. With its 10-point multi-touch screen and keyboard able to fold back 360°, it’s designed for work and play.
2.            Mobile and Multi-Device Charging. Instant Messenger Bag by Powerbag ($179.99, Available at www.MyPowerbag.com)  & Zip Mini Touch-n-Go by Joy Factory($49.95, Available at www.thejoyfactory.com)
–              Powerbag: Battery system powerful enough to charge a smartphone up to 4 times.  The laptop and tablet pockets are padded for safe transport, external one-touch battery level indication and power button: The logo button turns Powerbag on or off when you press and hold for 2 seconds.
–              Zip Mini: The Zip Mini is bundled with ultra-short, tangle-proof “ZipTails” which are equipped with rounded magnetic chargers at the end and connect to any of the dimpled spots on the main charging pad. The Zip Mini can charge up to four cellular phones at once.
3.            Wireless Audio.  Rukus by Eton ($150, Available at Amazon) & Ecoxbt by ECOXGEAR ($129.99, Available at Amazon)
–              Rukus: a Bluetooth compatible boombox with solar panel. Never run out of power (the device also comes with an AC adapter for easy charging). Rukus also features an easy to read E Ink display that allows you to see stats like battery charge, solar charge and Bluetooth connectivity even in direct sunlight. It can also charge most devices that use a USB cable.
–              Ecoxbt: Bluetooth Waterproof Speaker.  It floats and has 10 hours of play time.
4.       Tablets:
iPad 4th Generation(starting at $499, Available at Amazon) We will have the 3rd generation on display as a stand in for the 4th generation.  We will just pretend it is the latest generation.  The biggest difference is a faster processor that you can’t visually see.
iPad Mini (starting at $329, Available at Amazon)
Google Nexus 7 (starting at $199, Available at Amazon)
Kindle Fire HD 7” (starting at $199, Available at Amazon)

 

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: Podcast

Meet Me: Average Joe

November 13, 2012 by Joe Saul-Sehy 84 Comments

Today I’m going to finally do something I’ve wanted to do for a long, long time. I’m going to tell you who I am.

I’m not good at this. While it’s fun writing stories that include snippets of my life, penning a piece all about me me me me me me me me me isn’t.

Don’t get me wrong: the internet doesn’t care about me (although it truly breaks my heart….). This post won’t change the world. It’s just good to be me on this blog.

 

Why did I blog anonymously in the past?

 

Some people blog anonymously for good reasons. They don’t want family to know who they are or they’re worried their boss might start reading. Anonymity frees them up to say things they otherwise wouldn’t say.

Being anonymous for them is security.

For me it’s different. I’ve lived in the public eye for a long time, with my blog or otherwise, I’ve had a contractual obligation not to enter a financial arena as myself. That’s all changed now. That obligation is over. Different than many, I’d prefer to write as myself.

So, here it is: AverageJoe is Joe Saul-Sehy

Wow. I know. You had no idea who I was and still don’t.

Here’s a picture of me then:

Joe Channel 7

Handsome, huh?

I was one of a few people (12 to my knowledge) who spoke on behalf of the company I was associated with in the national media. It was a big national firm. This photo is from a gig I held for 9 years: I was Detroit’s Channel 7 WXYZ “Money Man,” appearing twice weekly on the news talking about (shocker!) money.

As part of my media job, I’ve been quoted on WSJ.com, in Brides Magazine, Child Magazine, Best Life Magazine, The Los Angeles Times, Chicago Sun Times, Baltimore Sun, Detroit News, Detroit Free Press and others. I hosted a radio show on local Detroit radio for awhile on a barely-listened-to channel.

It was fun.

Blogging anonymously didn’t stop me from telling you about who I am. I told you that I ran track and cross country for The Citadel, the Military College of South Carolina. Many people have “glory days” stories. I was the guy who accidently pulled off his shorts in front of a large crowd of people.

I mentioned that I’m originally from a small town in west Michigan called Vicksburg. That’s why I had no idea how hotel charges worked on a “big date” and didn’t know the dress code when looking for a theater.

Networking didn’t go well all the time, either.

I have twins that are going to graduate from high school in the spring. They’re great students but also do a hell of a job driving a car on top of a mailbox.

If you’d like more of my story, check out why I left financial planning.

Here’s a picture of me now, hard at work entertaining you:

Joe at work

I’d love to tell you more about me me me me me me, but I think I’ll continue to do it in the context of pieces I write. Just like you’re a multi-faceted person, so am I. Because I can’t fit it all in here, I think we’ll stop for today.

What I loved about blogging anonymously:

It was a really tough task trying to build credibility based on writing quality alone….without my name, experience and credentials. It was humbling a year ago to write stuff and hope that 20 people would read it after speaking to huge audiences when I’d give speeches at Chrysler, Microsoft or other local companies. Having to build an identity based on solid facts and hard work while establishing a new trust in a guy named AverageJoe was a richly rewarding experience.

In closing this sappy me me me me me post, thanks for reading my stuff. I’m still humbled by the number of people that stop here every day. It’s the biggest part of what makes writing this so rewarding.

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: irrelevant stories, Meandering

Two Guys and Your Money #018: Top 5 Ways to Raise Your Emergency Fund Interest Rate

November 12, 2012 by Joe Saul-Sehy 2 Comments

Have shows come automatically to your iPod! Use the 2 Guys iTunes page here.

Listen to shows on your smartphone! Try the Stitcher app here.

Wow! This was a fun, fun, fun show (of course it’s filled with our usual surprises…..). BUT what we can tell you is that PK this week tells you the optimal time to rebalance your portfolio, Carrie Smith and Dominique Brown share their biggest financial gaffes, and OG & I save you some money in taxes on your mutual funds. Of course, we also give you our favorite ways to get a better interest rate on your emergency fund.

Sorry about the short post….I’m on my way back from San Antonio (I ran the marathon yesterday!).

Show Notes:

<Open>

Special thanks to Fidelity Investments for sponsoring our show! Check out TheFreeFinancialAdvisor/Fidelity to find out how Fidelity has been helping clients for over 60 years.

<> PK: Rebalancing

<> Let’s Give Something Away: How about a $25 Amazon Gift Card to help during the holidays? Check out our giveaway page after you listen to the show!

<> Shortwave: Carrie & Dom discuss their biggest financial mistakes.

<> Top 5 Ways to Raise Your Emergency Fund Interest Rate

<> End: Films  OG – Wilfred   Joe – Argo  (both thumbs up!)

Enjoy!

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: Podcast Tagged With: better interest rates, emergency fund, finance podcast, two guys and your money, two guys podcast

How Much Did This Election Really Matter?

November 6, 2012 by Joe Saul-Sehy 40 Comments

We just experienced a big day for the United States. Throughout the country people cast votes for new laws and elected officials, including the president. Common people electing officials….it brings up a question: does this mean anything to your overall plan?

For my friends Tim and Kathy, you wonder. They have two young children and make $85k per year. According to them, they have credit card debt of around $6,000. They don’t save, although they could. When we piece together their financial picture, there’s a clear pattern:

 

Credit Cards:

 

They love high end restaurants.

“Why?” I asked when we were playing games together one night. Kathy asked me if I could find her a lower rate credit card and handed me their latest bill.

“We eat dinners out because we work hard all day. We’re both absolutely fried when it comes time to make dinner,” Kathy replies. “It doesn’t make sense to be tired all night so we’re tired the next day at our job. Everybody’s had enough, so we head for a nice meal out. We’re happy sharing our day together instead of slaving over prepping a meal.”

That sounds nice, until you read the bottom lines: $48, $53, $79.

“We try to stay away from alcohol during those meals,” Tim quips. “That helps keep the price down.”

Down?

Further down the bill, I see department store shopping.

“It makes it so much easier to get the stuff at one place. Saves us time,” Tim explains.

“I hate shopping,” Kathy says defensively.

 

Utilities

 

Tim has an addiction: sports. They have the MLB network package that allows them to see every game in the league each night.

Cost? $120.

Each weekend during the fall, he’s watching several games, courtesy of NFL Sunday ticket.

“It’s for my league,” he says. “I’m in this fantasy football thing. $100 to get in. If I finish in the top three I at least get my money back. Then he points to the television remote. “If I win, it pays for about three years of this.”

Cost? $140.

Has he ever won?

“This is the year!” he smiles.

 

House/Lawn Work

 

When I drive by their house, a team of high school age kids is cleaning their lawn. I asked Tim about it at a party we were both attending. “The kids needed the work. It was nice. They came to the house and asked. It’s only $20 a week. Saves me all that time….and gas.”

Speaking of gas….they live in the country. “No high city taxes.” Both Tim and Kathy commute over 20 miles to work. They must spend a couple hundred dollars in gasoline a week.

On my personal Facebook account, Tim made his politics known leading up to the big vote. “We’ve gotta get the President out of office. He’s costing this country dearly. We can’t afford four more years.”

I think there’s a bigger question: Can Tim and Kathy last four more years whether the President won or not?

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: money management, Planning

Special Skyfall Release Episode–2 Guys & Your Money 017: What if James Bond Needed Financial Advice?

November 5, 2012 by Joe Saul-Sehy 9 Comments

Joe…Average Joe here, with your show notes. You know, Moneypenny, that I wouldn’t dream of giving the show notes to anyone but you. Of course.

Thanks to everyone who helped put together this special show to coincide with the release of the new James Bond film Skyfall.

Show Notes

< > Open

The monsters are loose!

Show sponsor: Fidelity Invesments. Check out the Fidelity website.

Our show agenda

<4:10> Tips to Lower Your Car Rental Costs: Drive like James Bond….for less money

<12:00> PK from DQYDJ.net: Casino Odds

<16:30> Let’s Give Something Away

Our mystery voice was Phillip Taylor from PTMoney.com and the organizer of FinCon. To hear our interview with PT, check out our September FinCon podcasts.

This Month: We’re giving away a $25 Amazon gift card so you can buy a holiday gift for family, friends, or your favorite podcaster!

Enter the “Let’s Give Something Away” Giveaway Raffle Here!

<22:23> The Mission: A mortgage is blowing up in Northeast Texas, and only James Bond can save it.

Thanks to my son Nick, Carrie Smith from CarefulCents, Dr. Dean (from Staten Island this episode!) from the MillionaireNurse blog, Len Penzo from LenPenzo dot Com, and Dominique Brown from YourFinancesSimplified.

<39:25> Todd Mayfield from FearlessMen.com is “F,” Bond’s new financial gadget guy. Find out 7 great gadgets worthy of Mr. Bond’s money and attention.

Looking for the gadgets? FearlessMen has a companion piece today: Gadgets Are Forever: The Best James Bond Financial Gadgets.

 

<> End Show

Our favorite Bond films: OG – Casino Royale  Joe – Octopussy

 

Show Sounds:

Sample tracks all under 30 seconds.

Several tracks from No One Lives Forever video game soundtrack, Morcheeba‘s “Everybody Loves a Loser,” Bond‘s “Bond on Bond” remix, and other tracks by Incompetech.com (Royalty free music).

Photo: johanoomen

 

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: Podcast

Taking a Body to the Morgue: A (Surprisingly) Bad First Day Of Work

October 30, 2012 by Joe Saul-Sehy 35 Comments

Let’s spend a day discussing making money. Here’s how your first day probably shouldn’t go….

My friend Marcus’ mother was ecstatic when she landed a job an orderly job at the hospital. What a dream come true. Sure, she’d have to pay her dues and work the midnight shift, but so what? Before long, she’d move to the day shift and then up to supervisor. Before her first day, in her mind, she was sure someday they’d tell her to run that whole facility.

She showed up early the first night of work, she was so excited.

The job seemed easy. After some instructions from her boss, she was left on her own to do her duties. Her mind was filled with all the money she’d be bringing home. Things were looking up.

A hospital is a quiet place after midnight. The hallways are empty. This helped her think. In fact, she was liking how fairly uninterrupted her thoughts were—so much so  that she was even reconsidering moving to the day shift when she got the chance. Four hours into the night, this was shaping up to be a dream job.

–until her boss caught up to her.

 

The 8th Floor

 

“I need you to go upstairs to the 8th floor, room 814. They need someone right now.”

Sure thing, boss. No problem.

She went to the 8th floor, barely noticing that this was the ICU. Walking along the hallway, her thoughts were so full of credit card bills and upcoming holiday expenses, that she didn’t notice anything until she turned the corner into room 814.

There was a bed. A sheet covered a body.

Completely.

The nurse smiled at Marcus’ mom. “There you are! I need you to take this to the morgue.”

Morgue?

The nurse was too busy flipping the locks off the wheels on the bed to notice that Marcus’ mom was frozen. Morgue?

That wasn’t part of the job.

The nurse was talking again. “Okay, it’s ready.”

As she walked out of the room, Marcus’ mom asked, “Where is the morgue?”

The nurse smiled again. “The basement. East elevator. All the way to the bottom.”

To the bottom.

Marcus told me his mom couldn’t get these words out of her head as she began wheeling the bed and dead body to the elevator.

All the way.

To the bottom.

The morgue.

 

Elevator To The Bottom

 

It was 2:45 a.m. when the elevator doors opened, inviting her in to the tiny compartment. She didn’t want to go. Would you? Ride on an elevator with a dead body? No thanks. The bed rumbled across the metal strips and into the claustrophobic compartment. As the doors closed, she couldn’t breathe.

I’m in an elevator with a corpse. She eyed the sheet. This is always the part of the movie where the orderly dies, she thought.

It was so ridiculous, Marcus told me, she started laughing.

How silly. It’s a dead body, not a zombie. What’s going to happen? What possibly could happen?

The elevator doors opened ahead of her onto a long, downward sloping corridor, which ended at a set of swinging doors.

The morgue.

She walked around to the far side of the bed and began to push.

The bed hit the elevator rumble strip and shook the mattress.

Marcus’ mom heard a belching sound. The body sat up and the sheet fell away.

“AHHHHHHHHHHHHHHHH!” Marcus’ mom shrieked.  The dead woman, eyes closed, sat straight up and seemed to stare through closed eyelids at her.

“AHHHHHHHHHHHHHHHH!”

Marcus’ mom let go. Because of the slope, the bed began rolling down the corridor. The dead woman stared straight ahead as the thing picked up steam and rumbled down the hall.

Marcus’ mom got back on the elevator and pressed the “Lobby” button.

As the doors closed, she watched the bed roll through the swinging doors.

When the door opened at the lobby, his mom threw her badge at the security guard, walked out of the building, and never came back to work again. Total time worked: just over half a shift.

 

That’s my true Halloween story. What’s yours?

Photo of Joe Saul-Sehy
Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets.  Joe holds B.A Degrees from The Citadel and Michigan State University.

joesaulsehy.com/

Filed Under: Meandering Tagged With: Cadaver, Elevator, Halloween, hospital halloween story, Morgue, Mother, scary financial stories

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