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Join hosts Dan Ancheta, Matt Larrabure, and Ramsay Brown as we discuss personal finance idea, economic news, and legislative changes that impact households and small businesses.
8 SEP 2023 · In this episode, hosts Dan, Ramsey, and Matt discuss the importance of mentorship in business and life. They share stories of impactful mentors, both formal and informal, who have helped shape their careers and personal growth. The hosts talk about the benefits of surrounding yourself with people who have more experience and knowledge, being humble and willing to learn, and cultivating long-term relationships that provide guidance and support. They also explore how mentorship has changed in the remote work era, and provide tips for finding mentors when you don't work in an office setting. Tune in for an insightful conversation about maximizing mentorship opportunities on your professional and personal journey.
Show Notes
- The origins of the topic - how show prep about mentorship experiences sparked the conversation [00:00:30]
- Dan shares about an informal mentor relationship early in his banking career and consciously trying to learn as much as possible [00:01:30]
- The difference between formal mentorship programs and informal organic relationships [00:02:00]
- Matt and Ramsey share their own experiences with work mentors that shaped their careers [00:04:00]
- The importance of having humility, acknowledging you don't know everything, and surrounding yourself with people more experienced than you [00:05:00]
- How Aliya exemplifies that in her transition to mortgage lending [00:06:00]
- The downsides of remote work for mentorship and growth, especially for recent graduates [00:07:00]
- Advice for finding mentors when working fully remotely [00:08:00]
- Cliff as an example of an impactful mentor in Dan's life from a totally different profession [00:09:00]
- Applying lessons from other industries to your own career path
- Learn how NOT to do things from bad bosses and ineffective businesses [00:12:00]
- Using your "board of directors" - visualizing past mentors to help guide your decisions [00:17:00]
- The importance of playing the long game in business instead of short term thinking [00:20:00]
- Final thoughts on continual learning and growth [00:22:00]
14 AUG 2023 · Welcome back to the 10 Key Podcast!
Hosts Dan Ancheta, Ramsay Brown, and Matt Larrabure analyze recent financial news headlines like the U.S. credit rating downgrade. They explain complex topics like the bond market, interest rates, and market volatility in simple terms. You'll learn investing concepts like risk-free rate, yield spread, and the inverse relationship between bond prices and interest rates. The hosts also discuss the economic impacts on banking and lending, and share prudent personal finance tips like getting a trust. Tune in for plain-talk perspectives on current events in the economy and markets.
Show Notes:
- Fitch's downgrade of U.S. credit rating from AAA to AA+ [00:02:00]
- What a lower credit rating could mean for interest rates and borrowing costs [00:04:00]
- Only 2 companies now rated higher than U.S. government [00:07:00]
- Explaining the massive size of the bond market [00:11:00]
- Municipal bonds, corporate bonds, maturity dates [00:13:00]
- How banks use deposits and the concept of risk-free rate [00:15:00]
- Determining loan pricing based on a borrower's credit risk [00:18:00]
- The interest rate spread banks try to maximize [00:20:00]
- Banks' sensitivity to rising deposit rates to retain customers [00:23:00]
- Rapidly rising rates damaging banks' profitability [00:35:00]
- Definition of basis points [00:23:00]
- Inverse relationship between bond prices and interest rates [00:25:00]
- Real-life examples of the "haircut" on selling bonds before maturity [00:27:00]
- Bank failures stemming from liquidity rather than credit risk [00:29:00]
- Fed interventions to provide liquidity during financial crises [00:30:00]
- Explanation of trading circuit breakers [00:38:00]
- Personal finance tip - get a trust! [00:43:00]
- Avoiding probate and estate disputes with a clear trust [00:44:00]
Links:
- https://www.linkedin.com/in/matthewlarrabure/
- https://www.linkedin.com/in/ramsay-brown-mba-24382a71/
- https://www.linkedin.com/in/danancheta/
- https://www.lendanearmedia.com
3 AUG 2023 · Introducing a new podcast from Lend An Ear Media - the "10 Key Podcast". Join hosts, Dan Ancheta, Matt Larrabure, and Ramsay Brown to discuss personal finance, economic, and social issues in the context of three guys that work in difference finance disciplines.
In this pilot episode of the 10 Key Podcast, we discuss the dark side of banking, including the use of incentives to drive sales, overdraft fees, and the fine print that consumers often overlook. We also explore the recent fines levied against Bank of America and Wells Fargo, and whether or not these fines will actually change the behavior of big banks.
Chapters:
- Host Introduction and Background
- The Use of Sales Incentives in Banking
- Overdraft Fees and Double Charging
- The Impact of Bank Fees on Low-Income Communities
- The Recent Fines Against Bank of America and Wells Fargo
- The Role of Regulations and Corporate Responsibility
- The Importance of Financial Education for Consumers
- Conclusion
Interesting things mentioned:
- The use of incentives to drive sales in banking, and the harm it can cause to consumers.
- The impact of overdraft fees and double charging on low-income communities.
- The recent fines against Bank of America and Wells Fargo, and whether or not they will actually change the behavior of big banks.
- The role of regulations and corporate responsibility in the banking industry.
- The importance of financial education for consumers to better understand banking practices.
Social Links and Contact:
- https://www.linkedin.com/in/matthewlarrabure/
- https://www.linkedin.com/in/ramsay-brown-mba-24382a71/
- https://www.linkedin.com/in/danancheta/
- https://www.lendanearmedia.com
- https://www.consumerfinance.gov/about-us/newsroom/bank-of-america-for-illegally-charging-junk-fees-withholding-credit-card-rewards-opening-fake-accounts/
Join hosts Dan Ancheta, Matt Larrabure, and Ramsay Brown as we discuss personal finance idea, economic news, and legislative changes that impact households and small businesses.
Information
| Author | Lend An Ear Media, LLC |
| Organization | Lend an Ear Media |
| Categories | Business , Management , Careers |
| Website | - |
| host@lendanearmedia.com |
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