Finance Roundtable Podcast
It is a complicated and tricky world out there. Without a solid understanding of how money works, life can be even more challenging.
We get it, talking about money is uncomfortable but we all can agree that it is an important topic to understand.
The Finance Roundtable Podcast team wants to bring you along as we interview some remarkable professors, professional athletes & financial strategists about money.
If you have ever wondered what is talked about between financial professionals and what goes through our minds when we are off the clock; then you will want to check out the Finance Roundtable Podcast.
Jacob Gold and Michael Cochell are Financial Advisors offering securities and advisory services through Cetera Advisor Networks LLC (doing insurance business in California as CFGAN Insurance Agency LLC), member FINRA/SIPC, a broker dealer and Registered Investment Adviser. Cetera is under separate ownership from any other named entity. Jacob’s California insurance license # 0E55425 Michael’s CA Insurance License # 0K90130. The views depicted in this material are for information purpose only and are not necessarily those of Cetera Advisor Networks. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisor Networks nor any of its representative may give legal or tax advice. Kelvin Gold is a Marketing Associate. Registered Address is 14850 North Scottsdale Road #255, Scottsdale, Arizona 85254.
Finance Roundtable Podcast
Episode 17: From NFL Fullback to Financial Literacy Champion: Jed Collins’ Journey and Insights
Welcome to the Finance Roundtable, where we demystify money with your hosts Professor Jacob Gold, Michael Cochell, and Kelvin Gold. Sit back, relax, and enjoy the show.
In this special episode, we're thrilled to welcome Jed Collins, a former NFL fullback who has successfully transitioned from the football field to the world of personal finance. Jed shares his journey from tackling opponents to tackling financial literacy, offering insights that can benefit everyone, whether you're a student, a professional, or just starting out.
In this episode, we cover:
- Jed's Journey: From NFL fullback to financial educator.
- Key Financial Lessons: The crucial money management tips Jed wishes he knew during his NFL days.
- Decades, Not Days: Understanding the importance of long-term financial planning.
- Cash Management: How to manage your burn rate and set up a portfolio paycheck.
- Financial Literacy: The impact of Jed's Money Vehicle program in high schools and with NFL teams.
- Athletes as Businesses: How the perspective of professional athletes on money has evolved.
Benefits for listeners:
- Inspiration: Jed's story of transformation and passion for financial education.
- Practical Advice: Actionable tips on budgeting, investment, and managing finances.
- Expert Insights: Learn from a certified financial planner with real-life experience.
- Motivation: Understand the importance of starting early and thinking long-term.
We encourage you to engage with us! Share your thoughts, ask questions, or give feedback. You can reach out to us via our website FinanceRoundtable.com, or follow us on social media @FinanceRoundtable.
Tune in to discover how you can take control of your financial future, just like Jed Collins did. Join us and transform your approach to money management today!
You are listening to Finance Roundtable, a podcast focused on demystifying money. The hosts, professor Jacob Gold, michael Koschel and Kelvin Gold, will educate and entertain you in all areas related to money. Sit back, relax and enjoy the show.
Speaker 2:Hello everyone, this is Professor Jacob Gold and thank you for joining us on a new episode of the Finance Roundtable podcast. Today we have a special guest. Jed Collins, a former NFL fullback, is here to talk to us about personal finance and his life after the NFL. Jed, how are you doing today, bud?
Speaker 3:Oh, Jake, this is a topic and a subject I love to connect with you on and truly. Today is just one of those days. It feels like my journey and my dream are coming to fruition, and I'm just trying to capture it and make sure I'm both enjoying it as well as making sure it heads in the right direction.
Speaker 2:Absolutely. It's a ride, isn't it?
Speaker 3:It is a roller coaster ride and that's not a lot. Of people tell you like, hey, you want to go be an entrepreneur and chase a passion. Be ready to hold on some days, some days they're going to kick you in the stomach and some are going to take you up real high and challenge how high you want to go.
Speaker 2:Oh, it's so true and, jed, you and I we've only known each other maybe for a few months. I first started seeing some of your videos on LinkedIn and started following you, and our paths within the NFL Players Association allowed us to meet up in Chicago. Players Association allowed us to meet up in Chicago and right away I could just tell that we think alike. Our approach to business and relationships are very similar and hopefully you felt the same and we've just been collaborating and as we were talking after Chicago, I was like man, I got to get this guy on the podcast. I'm so grateful that you're willing to join us today and hopefully this is the first of many things that you and I can do together.
Speaker 3:Oh, our collaborations are just beginning and that's a quick shout out to document get out there. Social media is a crazy beast, but it does allow you to have that introduction that you don't even know is occurring, so that's something that you know. I talked to a lot of athletes today with NIL, but it's really all students get comfortable promoting yourself. At the end of the day, we are a business and that's really, really encouraging for me to know I'm not just screaming into the darkness that some of this is landing and productive the darkness that some of this is landing and productive.
Speaker 2:Well, and what I love about your videos. The one video that really stuck out for me is I think you were in some hotel gym and you're doing this plank and you're giving this little sermon while you're doing a plank and sweats dripping down your brow and you're just talking about, you know, showing up and doing your thing, and I'm like you know what this guy? He's not afraid to put himself out there. He's very personable, and I think that that's what you have to do is to show people that, hey, I've got a voice, I've got an opinion, I have expertise and I'm not taking myself too seriously. I want you to just, you know, be engaged with what I'm saying, and I always heard that people don't care how much you know until they know how much you care, and I think your videos and all of your LinkedIn posts really show that you care about what you're doing and for all of our audience, what you do. Now, jed, is focusing on providing financial literacy to not only NFL players but also students. Isn't that right?
Speaker 3:That's exactly right. This is a long time coming of where I am sitting today and so, if you don't mind, I'd like to just kind of share kind of how I got into the chair and where our roads ended up meeting, absolutely please. It truly began for me back in 2008. Greatest skill, greatest advice, greatest thing I will tell anyone is to journal. That's a gift my dad gave to me. He has five kids.
Speaker 3:I'm the only journaler amongst the kids but I remember, and I can show you my journal entry in 2008 when I was a rookie in the NFL, that said I dream I could come back and teach this language to young Jed to me as an NFL rookie, because at the time nobody was really in there teaching. They bring some people in, but it was so over their heads and I looked around at an NFL locker room and said I'm the business degree, I'm an accounting major. I don't understand this language of money. I'm pretty confident none of these guys are getting this and I set out on a passion project for myself. My story is you know what really was my aha moment? I got my first big paycheck from the NFL and I spent every dime of it on an engagement ring Now great investment. Fifteen years later, she's still around. You know love and everything. It's a cute story, but that habit I made a paycheck, I spent my paycheck was my relationship with money. I'd never been taught other aspects of this science, and so I went and I started reading the gurus and I finally got challenged by a mentor of mine If you want to know this language, become a certified financial planner, start studying for that CFP. And so, throughout my seven-year NFL career, I started studying for that certification.
Speaker 3:And as I was going down that path, I began to see, okay, wealth management is a lane that I'm very curious and interested in. And as I continued down that path, it became not so much how I enjoyed helping wealthy families, but it was more the educator, the teacher side, the how do I introduce these topics? How do I take it back to people who don't speak this language and get them to better understand? Back to people who don't speak this language and get them to better understand. And so I kind of went into and worked in wealth management for a few years, but as I was doing it, I'd started going to high schools, colleges, even companies and translating all of the things that they maybe have heard but didn't really understand. And for me that was the beginning of Money Vehicle. So today I get to say full circle, very proudly Money Vehicle is a financial literacy curriculum in 20 plus states and high schools.
Speaker 3:But I get to work with about half of the NFL teams and going back and teaching quote unquote, young Jed, how to capture this NFL dream. And that's you know something, that I stand, I, I stand and I get in front. And just yesterday I was with the Broncos, today I'll be with the Seahawks. I stand in front of these men and I say I got nothing to sell you, I got nothing for you. My only hope is that you learn one thing and take one action to go capture this dream you're chasing because we want in 10, 20 years, the message to be hey, this is a path worth pursuing, not the broke documentary. Professional athletes are wasting their opportunities and, to tell you the truth, these young men and women nowadays are the next frontier of wealth. They are coming into immense dollars and have an incredible opportunity before them.
Speaker 2:And a lot younger now than when we were younger. I mean, now you can start making money as soon as a brand wants to endorse you, and I think that that probably means that financial education is that much more important for those youngsters that just got this amazing payday and knowing what to do with it. And I love that you mentioned that you're a journaler. I am too. It's actually fun.
Speaker 2:As Kelly is coming into the business, there's been some times where he's looked through some of my own journals and I'll tape a tag from a conference, I'll cut out newspaper articles, I'll doodle, I'll draw, I'll have to do lists and it's just this, all of these random thoughts that are in my head.
Speaker 2:And I have a collection of probably 30, 40 different journals from different time periods and and it is really great to pull one out look back and and recognize if you wrote it down it's amazing, on going forward, how much of that you actually accomplished because you were thinking about it or writing it down, you were referencing it, and I agree with you, it's so powerful to get connected with your inner psyche and then to document things, cause there's even been things where I'll go back to the journal and I have no recollection of doing a certain entry, but I'm like totally taken back by it. I'm like wow, that I'm so glad that young Jake wrote this down and now it's a good reminder to me that that was important to me then and it should still be important to me today. So I think that's awesome, that that you and I have one more thing in common, and that's being journalers.
Speaker 3:It's a way to travel through time. I tell people all the time I get to go back and talk to 18 year old Jed. I get to go back to my honeymoon. I get to go see when I got cut from each team. It is a really neat aspect to travel, to learn, and it is so encouraging to be able to see, as you said, the growth, the lesson you know. I get to stand and I talk to a lot of rooms now and I tell stories about my NFL journey, my entrepreneurial journey, my financial journey, and people always go well.
Speaker 3:How do you remember all these things? I wrote it down. I. You know, I sat in a room by myself flying home yesterday from the Denver Broncos. I get on a plane. The first thing I do is I get out and I capture the day, capture the moment, good and bad, and that's what I would say is capture the good and by all means, get in there when it is hard and when it is now, say sucks, because those are the days that you're going to want to look back on and go. I made it through that. Yeah, that was good, Absolutely Well.
Speaker 2:Maybe someday one of your girls will turn all of your journals into a major motion picture.
Speaker 3:Well, I'm already ahead of you there. I have about 300 pages of a Word document called Undrafted, which is the Jed journey, and I, yeah, that's just, that's the beginning of my career. So I'm hoping, hoping, yeah, it'd be a fun project for one of my girls to pick up and really take somewhere. That's awesome, jed. That is awesome. Well, we, yeah, it'd be a fun project for one of my girls to pick up and really take somewhere.
Speaker 2:That's awesome, jed. That is awesome. Well, we touched just a little bit on your money vehicle and I wanted to bring to our audience's attention that I just noticed this last week. Did your book not make kind of a top list on best personal finance books out there?
Speaker 3:kind of a top list on best personal finance books out there. So Kiplinger, kiplinger just put out a new survey result of top seven financial books that will change your life and the other six you can name. The other six are the ones you would think of Rich Dad, poor Dad, millionaire Next Door, dave Ramsey. And then there's your money vehicle and I was kind of blown away by it. Oddly, I had a former teammate text me the article first and said hey, I'm doing some light reading. I'm not sure if you've seen this. It is you know.
Speaker 3:Uh, you do these things and you hope and you pray and you do everything you can to kind of continue to move the ball forward. And then moments like that hit and you say, all right, you know, book's been out a few years, but it takes a few years to get that traction, to get students to read it. Give you a chance. And once those testimonials start rolling in, you know you're headed down the right lane. And really, as I wrote, money Vehicle, my whole goal was I loved Rich Dad, poor Dad, I love Dave Ramsey, susie Orman yeah, but we need a new version. Where's the updated? Where is the new language for the new time and space that we're in and that's really what Money Vehicle is about is what are those first 12 steps of a financial plan in today's students lives? And so, no, it was a great accomplishment and my hope we're about to release the book in Spanish. My hope is just that more and more 15 to 25-year-olds grab it and sit down and start their journey in their own money vehicles.
Speaker 2:Oh, that's awesome, Jed. Well, congratulations on that. That's a huge victory for you. And there's countless hours that no one sees that you're writing, you're pondering, but when you get those types of accolades, then it's displayed and for your own soul, you're like okay, I'm productive in my time, I'm making a difference and even with this acknowledgement, hopefully more people will see it and then it will benefit even that many more people. So that's awesome, I'm really proud of you and honored to be one of your friends. It's really great.
Speaker 3:Thank you very much. And this friendship, this journey, man, we're just getting started.
Speaker 2:We are. We've already talked about some things that we could possibly do in the future, and I think you and I both we get pretty excited when we can kind of see that the stars are beginning to align. So I'm looking forward to it, man, absolutely. Now. One thing I want to share is going back. You talk about young Jed, when you were just starting out in the NFL. Are there a few things that you wish you knew about money management, whether it's budgeting or estate planning or risk management? Are there a few things that stand out that you now wish that you knew back in the day?
Speaker 3:No doubt, and one of them is kind of my theme to all of these teams, whether I'm talking to rookies or veterans, to all of these teams, whether I'm talking to rookies or veterans, my quote is decades, not days, and what I mean by that is we get so consumed with time. I'm an NFL player and I want to jump into the market. Or I'm an NFL player and I feel like I'm so far behind or I'm so far ahead and the reality is number one. You don't need to go hit a home run with your investments, and I wish I could tell young Jed be patient, Time is your friend. You are 23 years old. You got a lot of investment years ahead of you, and it's that message to investors of time in the market is much more important than timing the market, absolutely.
Speaker 1:So when.
Speaker 3:I talk to young players it's I want you to get started, but I don't need you to jump in and try to hit a home run with this first investment. We just need to get you in the market, because if you get in at 23, life looks a lot different at 53. And so that decades, not days, I really try to emphasize you can live like a king for a few days, but that was not your true NFL dream. Your NFL dream is to take these three years and support, provide and set up the next 30. So can we change our mindsets from that days to how many decades is this game of football really going to provide for us? And I really love that mindset shift as they start to see it. And I really love that mindset shift as they start to see it.
Speaker 3:The second caveat to that is how to control that cash management. Now, I've never been a big dialed every dollar and penny down into your budget guy, but I do love this idea of a portfolio paycheck where I am now paying myself the amount of money I want to live on each month. That could be $3,000, $5,000, $15,000. I mean, I work with NFL players. Some of them are $25,000, $50,000 a month. But as you look at that, what I call a burn rate, if I am no longer just sitting on $100,000 in my checking account or getting my paychecks deposited, I challenge them to deposit their paycheck into a brokerage account and then, the first of each month, have that brokerage account pay them whatever burn rate number that they want to decide. Why that is so empowering is it starts to not only identify your cash management, but it controls your saving. And then when and Jake, you know this as you start to look at an investment portfolio, it starts to show you well, when can we start to take risks? Well, I do want to start to get into bigger and bigger things. Well, let's look at the lifestyle we need to support and that life change of days, not or decades, not days.
Speaker 3:You saved a million dollars. That's incredible, but if you're spending a quarter of a million dollars a year, that's only four years. That's a million dollars at 24 is insane, but that only gets you to 28. And we got to start seeing how do you make wealth, create wealth is starting to control both lanes. It's not only what you're making and what you're going to invest, but also what you're spending and doing it on the other side and so kind of marrying those two concepts with here is your real NFL dream. If you don't capture this dream, it does turn into a nightmare and that is a big call out.
Speaker 3:One step, one action to be able to go and take and address this is that burn rate identification and then paying yourself your portfolio paycheck so you immediately can say, hey, through the season I know I'm going to spend $10,000 a month. If I'm a college student or a young professional, obviously it's not going to be $10,000. Maybe it's $4,000, maybe it's $6,000. You get to decide that lifestyle and I think every professional, every young, whoever it is, we really need to understand that lifestyle. And I think every professional every young at you know whoever it is. We really need to understand that we're living our own lives. We're living our own plans. Don't compare, don't compete. Everything's about perspective and keeping knowledge of this is what I wanted out of money, not what social media or the person down the street, because what's cool in the NFL is the guy next to you could be making a hundred million dollars and you can never compete with that guy.
Speaker 2:Absolutely, absolutely. And do you find that you have to reframe a lot for these young NFL players? Where they have this money, come in and maybe they think I can spend it and if I put it my residual in something that's very aggressive, it will kind of offset that and you have to kind of say, whoa, slow your roll a little bit. Let's live on a budget and let's lower your expectations for a return, but then mathematically, decades over years, this is the end result. And then my last question on that is do you find that NFL players are more receptive to this advice than maybe they were five, six, seven years ago?
Speaker 3:So number one yes, we, we have seen the professional athlete, the NFL player, drastically change. I think the best positive you know caveat to NIL is that athletes are identifying themselves as businesses a minute ago over kelly shoulder.
Speaker 3:Olivia dunn was up there on a commercial. She changed the entire landscape and game of what nil means. High school kids are kids. Students are now being paid. So you are no longer entering into being a professional at 23 in the n, you're a professional at 17 sometimes, especially in high level college athletics. So the questions I get in these rookie meetings today versus five, six years ago are drastically different. The level they want to go, the depth they want to go is so neat and that is one of our empowering thoughts today is you know, jay-z said I'm not a businessman, I'm a business comma man.
Speaker 3:And it's really that identification and call out. I'm amazed at how many young athletes I talk to that go. I don't drink alcohol anymore at all. Why? Well, because I'm a business and I don't want social media and I don't want all these things and you just go. That was not me. A decade ago, I was having a good time, like I.
Speaker 3:But they are just so differently approaching this message in this model and what you were saying about the risk. They come into it wanting to be more educated. You are being told don't go broke, become an investor, make your money, go to work for you. But we do need to help them balance out. You are a professional athlete, arguably the most risky job in the country, perhaps in the world. Your money doesn't need to add risk to you at this moment in life. I tell them all the time you want, the greatest investment you can make, be in this building again next year. There is not an investment in the world that can outweigh playing one more year. So don't look at money as it's got to return me today. Again, we're not thinking about today. Quite frankly, you don't need more ordinary income today because it's going to be taxed like crazy. So we're shifting them to yes, you need to become an investor, but let's not go try to hit a home run. Let's get a single, let's get on base, let's control what we can control and then, as our education grows, let's start to enter into those arenas where, well, yeah, now I do want to invest in a startup, or I do want to invest in this 10 unit real estate deal. Awesome, you've got your stability, you've got your cash, we built a cushion and now we can start to take on more risk.
Speaker 3:We can't come out the gate, and I know a lot of young guys who want to come out the gate and go oh, there's this fourplex real estate property. I'm in my second year. I let this is going to be, it's going to cash flow me and I go. It's not just mailbox money. I know social media tells you you just get mailed some paycheck, right, that's not exactly how it goes. So, from the mindset is I love that we're becoming so much more knowledgeable and aggressive on capturing this dream they have, but it is a lot of.
Speaker 3:I love the rule of 72. And I tell them all the time hey, you want your money to double, we all want our money to double, you're 23. If I could tell you by 30, your money would double. Would that get you excited? Yeah, well, here's a little market over here that could possibly do that with a lot less risk than just throwing your money and dollars at things up on the wall and seeing what sticks. So it is that healthy balance of a lot more professionalism, but also, let's not get over our skis and try to be something we're not yet we can get there. I love the seventh year, eighth year player who's like no, jed, I'm an entrepreneur, jed, I'm doing 50 unit Awesome. Turn around and teach some of these young cats the first steps you took to get there.
Speaker 2:They can't get there today man, you have so many one-liners. I, I don't even know you, just, you just go, and I'm sure it's all methodical, but you've done it so many times. You just throw those one-liners. I would call them jedisms. You know you? Just, they're just, they stick I tell people.
Speaker 3:So the last one on that thought, my one-liner there is you can have it all. You just can't have it all right now. Yeah, your NFL dream can come and you can write it out. What do you want from this game? You can do all of that, just not today. And so, as you do, look at communication, translation, financial literacy, the language is.
Speaker 3:I'm not teaching brand new topics or ideas. My goal over the last 10 years has been how do you repackage some of these concepts, thoughts, tell it through a story, end it with a one-liner. And the reality is and, jake, you do this with students every day. If you get in front of somebody for 45 minutes, they're going to remember one thing right, I used to go into these sessions and go. They're going to remember one thing right, I used to go into these sessions and go. I'm nervous, I'm scared. I got to show them how much I know about money, and that is no longer my goal Decades, not days. If I get you to walk out of here thinking decades, not days, the other 44 minutes didn't matter. That was my goal. So, really framing around, how do I market it, how do I package it and how do I singularly focus on what I want them to take away.
Speaker 2:I mean, that's good, kelly. I've been hogging the mic the whole time. Any, any comments?
Speaker 4:Yeah, you know. I just wanted to say that you said translating to these NFL players, and I think that's a really good way of putting it, because the information is getting to them, but with social media or through other forms of education, sometimes it just literally doesn't translate. So having that in between, like you, is super, duper important and in that vein I just want to ask you what advice would you give to young adults about money?
Speaker 3:I love that and, kelly, you are right on it in that translation piece. A lot of the players I talk to have financial advisors. They have teams and they look at me and they go. Jed, I have so many questions now that I get to go back and ask these people because I understood that word, you taught me this word, so now I can go and ask them about where is this in our plan, in my program? When I look at it I mean I mentioned the journaling idea when I look at young students and they're non-professional athletes, my goal is to always get them to start.
Speaker 3:So often we get overwhelmed or afraid of failing and you know I got cut 13 times in my NFL journey and career. I am a great failure as an entrepreneur. You have to accept, embrace the idea of failure if you ever want to embody success. And so as I look at young students today coming out and saying maybe I don't want to do the traditional route, Maybe I don't want to go work for corporate America and I want to pave my own path, or even if I do want to go work for corporate America and go and compete and gain and elevate in that level, my message to them is to embrace failure. Stop seeing failure as defeat, stop seeing failure as a negative. You fail, you learn, and when you learn, you gain knowledge, and knowledge is power, as we all know. So in that essence, transfer to failing is power. And I look at it and the more you fail, the less it is is consuming, the less it kind of beats you up, it hurts. It hurts every time. I would say start, financially, professionally. You got a crazy idea. What can you do today to go and do it, and don't be afraid of failing. You're going to fail like that, that's fine.
Speaker 3:We were talking about social media earlier. Another quote is you're never going to be a prophet in your own land. When I started putting stuff out on social media, the two people who called me and told me I was a fool were my brothers. Yeah, what are you doing? Like you got nothing to say, like you're crazy in their minds. And once they said that I could have saw that I failed, like I look like an idiot on, and then you just embrace it. And the best part about this this, this fail, is nobody else knows social media. You are gone in an instant. So start.
Speaker 3:I want to start my message my brand post something. Post something every day for a year. Don't tell me you're afraid of doing it. Just get started. You are going to learn so many things. I became an entrepreneur. That joke is, if I could go back five years and start again, there are so many things I would not have messed up. But I had to fail, and I fail every day. We lost a big deal yesterday Got kicked in the teeth, hurt my stomach, woke up and I said what do we learn from it? Failure is power if you learn from it. So I would say get started, embrace failure and you'll embody success as you continue to learn and grow.
Speaker 4:Yeah, and I think the luxury of being young is when you fail and you're young, then you have much more time to recover. So, yeah, that makes a lot of sense. Thank you, jed.
Speaker 3:Then you have much more time to recover. So, yeah, that makes a lot of sense. Thank you, jed, absolutely. And yeah, being young in money is the greatest advantage you have. I get to stand in front of any room of students and I say what is one thing Warren Buffett would change with you today Time. That is the only thing he can't buy back. So use that as your ally and your best friend, as long as you're using it and not letting it pass you by.
Speaker 4:Yeah.
Speaker 2:Man, Jed, you're a wise man.
Speaker 3:I love about that.
Speaker 2:No, seriously, it's really great and I think all of our listeners can recognize your passion, your dedication to it and that you love it.
Speaker 2:I mean, it's like you're on the field doing what you love and that comes out. And I think a lot of times you see an individual kind of going through the motion, whether it's their career or in life, and they're just like coasting. And you are a man by design and you go after it and you know you're going to fail, yet you want to know that you're being productive and you're making a difference and I compliment you for that man. If more people had that mindset I think they would see more success in their life. But, as you said, a lot of times people are afraid. First little hiccup. They surrender to it because they don't want to feel uncomfortable, they don't want to fail. But that's when you get back up and you keep moving forward and hopefully that's one of many things that people have pulled out of this episode is get started.
Speaker 4:Yeah.
Speaker 3:I love it and I will end on this. Five, six, seven, 10 years ago people told me a financial literacy company, not a chance, and I know most people wouldn't even gotten started a year or two years into the business. It was hard. Covid hit, cashflow started getting strained and every almost six months I'd wake up and I go. This is when most people would turn around, like this is when. This is when most people would turn around.
Speaker 3:This is when people would quit and I would look in that mirror and I'd have to convince myself to keep going, because as you venture and get farther and farther and it feels crazier and crazier. Sadly, that's how you know you're finding the success. You're after Doing something that nobody has ever done before and truly trying to take on a beast that everybody said couldn't be done. You got to be willing to, to get beat up, fail along the way, but if you're determined and you keep going, that's why I get to call myself a great failure with a smile today is I'm a tough guy to kill, it's hard to get rid of me and I'm hoping at the other end of this is exactly what I dreamed of and, as of today, it is that dream coming to fruition.
Speaker 2:Good for you, man. Well, you're making a huge difference. I'm honored to know you and to be working with you, and I just really thank you for joining us today on Finance Roundtable, and hopefully it's not your last appearance and hopefully there's more things to come between you and I. I look forward to those opportunities.
Speaker 3:This collaboration. Again, as we told Kelly at the onset, there are very few people who are as passionate about this as you and I, jake, so I would love to come back, dive into more subjects, your listeners. This is an amazing message and I will give you credit. I hope in a few years, my daughters and I are hosting a podcast and sharing kind of this passion together. So, kelly, you're a lucky young man, thank you.
Speaker 4:Yes, I very much am Thank you.
Speaker 3:That's a testament to a lot of things. So congrats and appreciate both of your time. Thank you, Jed.
Speaker 2:Have a wonderful day. We'll be talking soon. Enjoy. All right, Take care. Thank you, everybody for listening and watching the Finance Roundtable podcast. Hope you stay tuned to future episodes and feel free to download our podcast through Spotify, Apple podcast or, if you want to watch it, go to YouTube. Thanks a lot. Have a great day. Bye-bye.
Speaker 1:Thank you for listening to Finance Roundtable. Make sure to check out our episodes at wwwfinanceroundtablepodcastcom. We also encourage you to explore wwwjacobgoldcom to find articles, research videos and more from Jacob Gold at Associates Inc. If you have a question for the show, please email Jacob at jacob at jacobgoldcom.
Speaker 2:Jacob Gold and Michael Koschel are financial advisors offering securities and advisory services through Cetera Advisor Networks LLC, doing insurance business in California as CFGAN Insurance Agency LLC, member FINRA SIPC, a broker-dealer and registered investment advisor. Cetera is under separate ownership from any other named entity. Jacobs California Insurance License 0E55425. Michael's California insurance license 0K90130. The views depicted in this material are for information purpose only and are not necessarily those of Cetera Advisor Network. They should not be considered specific advice or recommendations for any individual. Neither Cetera Advisor Networks nor any of its representative may give legal or tax advice. Kelvin Gold is a marketing associate. Registered Address is 14850 North Scottsdale Road, suite 255, scottsdale, arizona, 85254.
