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June 27, 2024 • 39 mins
On the latest episode of Let's Talk About Cents we are joined by Colin Jarvis for a great discussion on loans and so much more!
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(00:00):
Meet Penny. She's got a husband, three kids, two dogs, a
car, and a brand new housewith a white picket fence. How did
Penny do all that? Penny calledSuperior Credit Union. Superior offered a one
stop shop to help her locate,buy, insure, and close on her
new home, and Superior gave hera rebate equal to twenty percent of her
real estate commission. Be like Penny. Check out the new Superior Home rebate

(00:21):
from Superior Credit Union. Visit SuperiorHome Rebate dot com for details. MMLS
number seven four six three five sevenEqual Opportunity Lender. This podcast was recorded
in the iHeartRadio line of Podcasting Center. Hi, everybody, welcome back to
another episode of Let's Talk About Sinceepisode number forty eight. We got a

(00:45):
super fun special guest with us today. But before we get started, I
just want to plug a couple things. First of all, thank you to
everyone that came out to our memberdrives that we had in June. We
were at Saint Mary's, Fostoria andAmelia down My Cincinnati, and we cannot
think all of our members and vendorsand radio hosts that came and supported us
and just made these events super funwe all had a great time and we

(01:07):
will see you guys later this fallin October when we do three more So
thank you guys again for that.Also, our golf outing again is going
to be Monday, September sixteenth,and registration for that is now open.
So if you want to play,you want to get a team, you
want to get a four sum oreven if you just want a sponsor,
you can go to www dot superiorcu dot com forward slash Golf. It's

(01:32):
at the Shawnee Country Club once again, and we were actually expanding the outing
to two shotguns starts, so wehave one at eight and then one at
one pm. So we'd love foreveryone to come out and play or sponsor.
We come out have a good timeonce again. That website link is
www dot superior cu dot com slashGolf. I have with me my special
co host Chloe Hello, our wonderfulmarketing intern here at her third summer and

(01:57):
we are glad to have her backand she will be senior this year at
the University of Dayton, So flyers. Thanks all right real quick. Lastly,
I forgot to mention this, weare having a July CD special so
for five percent at five percent PYat seven months for new money with a
thousand dollars minimum to open. Youcan get a five percent APY seven month
CD special that's available from July firstto July thirty. First. Stop by

(02:22):
your local bran should get that openand without further ado. Our special guest
today is commercial lender Colin Jarvis.Thanks very much for having me Alan.
We are super excited to have youhere. So I'm excited to be here.
Awesome. Well, Colin, justtell us all about yourself, what
you do at the credit union,how long you've been here, and you
know anything you want to say?Sure? Well, I, as you

(02:44):
said, I'm a commercial lender hereat Superior Credit Union, which just means
that I write loans for businesses.Right if you want to buy anything for
business purpose or in a business name, I'm the guy you talked to.
I started at Superior last July,so just very nearly a year, not
quite just off a few days,I think. So you've been here about
a year. I think I sawthat in the employee newsletter that we're great

(03:06):
and you're in Wallpac have the Apollobranch, so I so I split my
time right now between Wallpak and thenew Apollo branch and a lighter road our
main office here in Lima. SoI'm kind of back and forth. If
you don't see me at one,I'll be at the other. Yeah.
Yeah, that new Apollo branch ispretty cool in it it is I do,
I do, and I'm from wallpac. It's it's very convenient being closer

(03:29):
to my house but doing more businessthere as well. And the space theme
in there is it's very cool,very nice view of the new alarm Strong
Air and Space Museum out the window. So being a commercial lener, what
does like your day to day kindof look like? Uh, simply working
on loans, It does, soevery day is a little different. It
depends on depends on what's going on. Uh, you know, I take

(03:50):
the loan from every step of theprocess, the application, you know,
through underwriting and approval to getting itclosed. I am exclusively a lender,
you know. So it's loans Iwork on. If you would like account
or something like that, or depositaccount of some sort, you know,
I can obviously help you get withsomeone smarter than me. Will lot smarter

(04:12):
people than me touch the money,thank god. Yeah, yeah, absolutely,
I just opened the door and whateveryou want, come on in and
take it. The uh no.But working on that. So, processing
new loan applications, working with peoplewho are looking for things, trying to
help them figure out what their optionsmight be, getting loans closed, wrapped
up, you know, booked,that kind of thing. Yeah, awesome.
So and you sound like, yousay, pretty busy. Like what

(04:34):
does the process of getting a businessloan like look like? So? Is
it like business owners or CEOs?Do they apply online? They come into
apply with you? What's the criteriafor getting approved? I guess what's that
process? There's no there is noonline application process for a commercial loan at
You know. The thing about commercialloans is that they are different than than

(04:57):
consumer loans and consumer lending. Andyou know, the thing about them is
that they're a little trickier, isthe thing. They're They're a little they're
a little less structured, which isa good thing and a bad thing for
people. Right. It stems fromthe fact that there's less government regulation for
a commercial loan, not none,but the most heavily regulated section of lending

(05:18):
is consumer loans, right as itshould be. You know, the government's
trying to protect you know, individualconsumers trying to buy the house they're going
to live in, that kind ofthing, you know. And for us,
we have some more freedom to makethings work, which is nice for
people because it's flexible and we can, you know, make some things work

(05:39):
that we wouldn't be able to onthe consumer side. But the flip side
of that coin is it's it's easierto it's easier to say yes, and
the flip side of the coin isit's easier to say no. So what's
that process look like. Well,I'm happy to give you an answer,
but the reality is it's a littledifferent every time. You know, we
don't have an online application for commercialloans because you know, they're a little

(06:00):
different. It's not like if you'reapplying for a consumer mortgage online for your
primary residence. That's pretty cookie cutter. You know, here's what we need
the processes you call me. Theprocess is that you reach out to us
somehow, send up a smoke signal, send me an email, call,
come in something, get a holdof me and get a hold of a
commercial lender will help walk you throughthe process. And are a lot of

(06:24):
these clients that you get are theyone time client or are they usually coming
back to get another loan sometimes downthe line both you know, but most
are most are repeat customers or willbecome repeat customers, or will be very
likely to be repeat customers. Youknow. Like I said, commercial ending

(06:45):
is a little it's easier to sayyes, and it's easier to say no,
you know. And so establishing arelationship with a commercial lender is a
helpful thing because if they know youand know what you have going on,
and you have a proven track recordwith that institution, you know, borrowing
money and paying it act appropriately,you know that that gets factored into It's
not the whole thing. It doesn'tjust mean you can have whatever you want,

(07:05):
but that gets factored into, youknow, a loan application in terms
of, you know, are wewilling to do this? You know,
we we might say yes to anapplication for a guy that's had loans with
us for twenty five years, youknow, when we might have said no
to somebody who had the exact samenumbers, but we didn't know it all.

(07:26):
You know. So is a lotof your business referrals or how do
you get a lot of your clientsa lot of our referrals? You know,
part of it is part of itis we we part of it is
we cover a lot of ground.You know, I'm writing loans anywhere between
Lineman and Cincinnati. You know,it's a fair amount of territory that is
very helpful, you know, andreferrals from the branches there, referrals from

(07:47):
people I've worked with in the past. But you know, the the Allen
and Augley's County areas are my largestareas, and it's mostly just by yeah,
by referral, by reputation. Wedo so many mortgages too, in
both of those counties, so Imean, I guess it makes sense.
I've been with Superior for I've beenwith Superior for about a year, but
I've been in you know, bankingfor my entire career so far, and

(08:11):
just people I've worked with in thepast and who are I'm from the Auglas
County area. People know me there. Relationship building. Yeah, definitely,
that's what it is. That's allit is. Realistically, Realistically, there
are four thousand something banks in America. I don't know how many credit unions.
But we can all write alone,you know, you write alone with
the guy that you know. It'syeah, yeah, I get it.

(08:31):
Definitely awesome So, Colin, howdoes one get into commercial lending? Say,
I want to start doing this,but don't know where to start.
So can you just kind of explainhow you got into it. The easy
answer is you get somebody to hireyou for it. There's not a there's
not a very strict, you know, cookie cutter process to it. I
would say that it's important that youhave a background in consumer lending ahead of

(08:54):
time. It is. It isdifferent. It is a little when I've
first already doing it. I describedit to the guy who was teaching me,
is a little bit like the wildWest, you know. It feels
like there's a lot more freedom.And in order to you know, not
go shoot yourself in the foot withthat freedom, you need to have some
experience with lending to know, okay, you know, when is this in

(09:16):
good shape? When is this not? So? You know, I would
say if you if you wanted tochart a path to being a commercial lender,
I would say that you almost certainlyneed to start as a consumer lender
of some sort, as like arelationship banker, you know, or a
primary consumer mortgage writer, that kindof thing. And he might find that
you like that better. Even youknow, There's some things I like a

(09:39):
lot about that. Some things aboutit I kind of miss sometimes. But
if you're doing that kind of thingand would say, hey, you know,
I would like to I would liketo work on loans that are a
little more complex, you know,I would like there to be a little
less you know, exact cookie cutterpiece to it. Figuring out the puzzle
is part of the thing I like. You know, if you're so,

(10:00):
if you wanted to get into itas a career, I would say,
you know, start as a consumerlender and if you start feeling like that,
start looking for jobs as a commerciallender. So how many years total
have you been in finance? Seven? Is that that's all been lending,
almost all of it. I wasin treasury management for like a year.
That was my very first job.Yeah, so very nearly, so let's

(10:20):
call it six series as a lender. Yeah. And when you started before
Superior, did you have like amentor or someone that kind of guided you
throughout? I've had a couple.I've had a couple. So actually I've
been in finance. So I've beenin finance for seven years. I've been
at five financial institutions all the time. So I've had a couple. Yeah,
no, I'm at actually, andnot just because this is going on

(10:41):
the record apparently, but this,this legitimately is the happiest I've ever been
professionally. I am liking it.I've had a couple. You know.
There's a there's a commercial lender namedKen Gottemaler at Minster Bank who was a
good mentor to me when I wasstarting the commercial lending. You know,
a couple of years ago. Therewas my boss at Huntington who I think

(11:03):
moved to Florida. Actually, hername's Heather Jordan. She was a very
good and toor to me, youknow, as I was starting it.
That was my first lending role.Yeah, Superior has Troy taking you lead
very much. So I asked Troyabout five stupid questions a day. Still
you know, absolutely you know everythingme too. He's first of all,

(11:24):
he's a lot of fun and easyto work with and very kind and played
about answering my questions. But he'svery knowledgeable. He is as well.
He's definitely is mine at Superior here. Ye, Troy's been in the game
a long time too, so Imean he he knows, he knows a
lot. He does did you getI mean you work with Neil for probably
about what six months? Then?Yeah, yeah, Neil's Neil's a good
guy too. Yeah. Yeah,he's a nice guy. He's a very

(11:46):
nice guy. Yeah, and verynice guy to talk to him. Yeah.
What about Neil is I think hesaw more walking around just at his
desk, especially for a retired hewas he is always talking to some friendly
Yeah, he's friendly, which whichis a good quality to have in a
commercial under Honestly, you want tobe a commercial lender, you know,

(12:07):
to go back to the question,Chloe just asked, that's the number one
Yeah, just because because there arethousands of people you could get a loan
from. Who do you get aloan from the person who you enjoy talking
to? You know? So,yeah, there has there been anyone that's
given you a piece of advice that'sreally stuck with you throughout your career that's
been like wow, that's like justthe main point that you've never forgotten.

(12:31):
It's a good question. Uh,that's a good question. A number of
things my dad says, I supposeyou know my dad, Ultimately it would
be the be the real mentor ifhe's the businessman I want to be.
You know, most of what Iknow I learned from him. You know,
ultimately, I would if we're goingto chalk it up to one thing,

(12:54):
I would just say, you know, just the normal golden rule.
I take care of other people andthey'll take care of you. You know,
do do the right thing, dothe right thing for your customers.
You know, and successful follows greatawesome. So what are the best solutions
that you've discovered to overcome stress orany challenges that come up? Another really

(13:16):
good question and a thing that Ifrankly did not always handle incredibly well at
the beginning of my career. Youknow, for me personally, I would
say, it's just about you know, balancing work and outside life, you
know, making sure that I haveplenty of time for things that I find
as hobbies or my friends and family. That kind of thing and experience.

(13:39):
I just don't think. I wishthere was something I could tell, you
know, somebody who might be younger, somebody like a college intern who might
be coming out in the world forthe first time, you know, in
the near future, that just madeit all go away. But it doesn't,
you know, you got to justkind of live it and it's got
to break you a little bit foryou to find out, for you find
out how to at it back togetherin a way that works. You know.

(14:01):
I wish I had a great answerfor you, but I'm not sure
I do whether than just experience lettingit break you a little bit and then
you put it back together in away that doesn't get broken. You know.
Yeah, that's great. Yeah,I mean, I'm sure business London
definitely has a stressful moments. It'snot that bad. I do just not
know it's not. I mean,I'm not a doctor or anything. Nobody's

(14:22):
life is all life, thank god, nobody's Yeah, nobody should put their
life in my hands or anything.But it's uh, but you know,
you get wrapped up in it andjust keeping a keeping a keeping a healthy
perspective would be the best thing,I would say. And making sure that
keeping a healthy perspective and just makingsure that it's not you know, bad
day at work isn't wrapping up yourwhole life or anything. Yeah, definitely,

(14:46):
you've been here like a year andnow, Yeah, has there been
something how you've learned that's been likeeye opening or something that you think will
stick with you, like as Troytaught you anything that's been like maybe not
even work you later, but it'slike maybe life advice or anything like that.
I know, we're killing you withthese, I know. Gosh,
I thought I was just gonna haveto explain how you get alone or something.
There's all I was the I mean, Troy's been fantastic. You know,

(15:11):
Troy's been fantastic, and I've reallyenjoyed my time here. It's pure.
I don't think Troy's are on meany like deep life, lesson curve
balls or anything. I mean,you don't have to think you are all
right, well I did. Yeah, guys, I'm not that smart,
Like I'm gonna break my brain overhere. Just just the same things that

(15:31):
I already knew, just about takinggood care of people and that kind of
thing, which is the way Troydoes it too, which is the way
everybody who does this kind of thingthat I have any respect for does it.
You know, look out for peopleand figure it out from there,
you know, the very best.At some of the people you help the
most are going to be the peopleyou tell no, you know, but

(15:52):
just the way it goes and it'llcome back. Yeah, how how is
our second brand affected people in arethey like in the the convenience of having
two there, they are there area number of people who really like being
able to get it on and offfrom the highway or on that side of
town. I think like it alot. There are number of people who
are still trying to figure out,like, you know, okay, what

(16:14):
can I do in here? Whichis pretty much everything figuring out the i
TM thing though everybody's trying figure outwhere the change machine is, you know
that. But I in general,I think it's very good. I think,
and that that side of town hasa lot going for it. And
they're building. They're building Starbucks too, Yes they are. I mean that's
like before I even knew that thatwas coming, I was driving down I

(16:36):
think it might have been to goto the grand opening, and I look
over and I can just tell bythe architect design. I was like,
that's gonna be a Starbucks. Yeah. And then yeah, because you can
just tell because those buildings are solike they're all building exactly. They are
looks exactly like the one here ona lighter road. You know, it's
uh yeah, the uh yeah yeah. While Park's getting Starbucks. I guess
we're on the mount. Yeah,that's a really that's a really nice sound.

(16:56):
I like I do too. Yeah, I'm and raised there. I
really enjoy it. It's uh,I love it. It's a great place,
you know, living somewhere like that. It's not for everybody, which
is fine. I don't get thatentirely. You know, it's not perfect,
but it's perfect for me. Yeah. And I found out there's a
special type of trash bag. It'skind of off scope of a podcast,
but you have to have a specialto have a trash bag. Yeah.

(17:18):
Yeah, you so to pick yourtrash up? Yeah, wellhy can't you
just use any old because they won'twhat the other? Yeah? Yeah,
So I didn't know until very recentlythat it wasn't a thing everywhere now,
so it's only these business in Wapawkthat will sell these special trash bags.
Well, they're at the grocery storesand stuff like. You just pick them

(17:40):
up when you're grocery shopping. Whywhy is there a special I don't know,
because they're trying to tax us somehow, I guess on the bags.
I assume I don't know, ormaybe there was something maybe it was just
bins before, but they everybody hadsomething I don't really know, is the
answer. But Nique, we canchalk that up as one of the bad
things. That's fine with me.I don't think it's bad. It's just
something that I didn't know. Inever really thought about it until fairly recently.

(18:03):
I've only ever lived in I've livedin Walpak exclusively except for the three
years I was in Columbus for college, and uh, I didn't really think
much that hard about I mean,they were just dumpsters, we threw our
garbage, and I think so itwas news to me fairly recently that that
wasn't a thing everywhere. I waslike, what the hell are you guys
doing? You know what? No, you know, you just put it
in whatever, just whatever, we'rein a bag you want, It's just

(18:26):
just whatever, willy nilly anywhere elseand keeps order. You make sure people
aren't dumping their trash for they're notsupposed to be, and that they're not
like thin bags are just breaking allover the place and the garbage guys pick
them up. You know, I'venever put a ton of thought into it,
though, you know, I justthought it was something I didn't know.
I didn't know, didn't do untilpretty recently I didn't. I was

(18:47):
like, what are you guys doingthat? Hefty? Yeah, don't get
back to finances or whatever. Wewere filming that TikTok that one time we
did credit card or debit card ordebit card or cash and use neither credit
card? Yeah, why why doyou say that? Okay, this is
personal finance, one on one.Here we go the uh So, a

(19:11):
credit card is a tool like anythingelse. Right, we could shoot ourselves
in the foot without or we couldgo out and hunt dinner. Used appropriately,
A credit card is the number way, number one way then anybody should
be spending money. Period. Itis safer than a cash or credit or
excuse me, it's safer than cashor a debit card or a check.

(19:32):
You know, in the event thatyou're spending money on your credit card,
you know, if somebody steals yourcredit card number, you know, you
just call it a credit card companyand cancel it at none of your money's
gone. They stole somebody else's money. Well you care. You know,
if I steal fifty bucks out ofyour wallet, it's gone. If I
steal you know, your account informationthrough your debit card or check, you
know will help you try to disputeit, but you know, for the

(19:53):
time being, the money's out ofyour account. You know, the money
has left your account. It's gone. It is the cheapest way to spend
money, you know. If Ispend fifty dollars on something, then I
spend fifty dollars on something. IfI spend you know, fifty dollars with
a check or debit card, Ispend fifty dollars on something. If I
spend fifty dollars with my credit card, I get cash back, I get

(20:17):
rewards or whatever. There's a millionthings out there, you know, and
that adds up. And you know, so the credit card I have gets
one and a half percent back oneverything, right. I don't think I'm
smart enough to do that math inmy head. So if I spend one
hundred dollars on something, you know, when at the end of the month,
when I pay it all the wayoff, which is the correct way
to use a credit card, yep, I'll get a buck fifty back,

(20:40):
you know. And that's not makeor break us money. But I'd rather
have it than not have it.You know. I get a few hundred
bucks every year from putting everything onmy credit card. And if you ask
everybody in America if they'd rather havethree hundred bucks or not, I think
they'd take it. And the thirdthing is using your credit card correctly is
the easiest way to build good credit, which is one of the four things

(21:03):
that go into any credit application thatyou're going to make of any sort.
Put something on your credit card everymonth, pay it all the way off
every month. Do that for ashort amount of time, and you will
build decent credit. That's the easiestway to do it. And it's the
number one reason that kids between agesof like eighteen and twenty three that I've
ever written loans for probably have gottendenied. You know, they just have.

(21:23):
Yeah. The number of kids whohave come to me, especially when
I was like a mortgage lender,they would come to me and say,
you know, hey, been outof high school for three years. I've
been working at filling the blank,forward crown whatever you know, for since
then. I've been living at home. I have no debt, I've got
more than twenty percent down that I'vegot to just your screwed kid like you

(21:45):
got yeah, and like your host, you got to pack it in.
Come come see me in two years, get a credit card, and we'll
talk when you're twenty five. Youknow, I think they should be handed
out. I think they in myopinion, they should be handed out blank
wills and credit card applications to eighteenyear olds graduating in high school across the
country. So for those three reasons, you should be putting everything on a
credit card. Cash and debit cardsare for suckers, yeah, I think.

(22:08):
Also there is a negative stigma aroundcredit cards, like do you think
that too? Credit cards maybe sometimesget a bad er out. They certainly
do. They are they absolutely are. The caveat to everything I just said
is that you have to use itcorrectly. If you cannot pay it all
the way off at the end ofthe month, you will pay interest.
That's the point which you'll pay interest, and that is the point at which

(22:29):
you need to get out. Youknow. That's the caveat to everything I
just said. If you can't useit correctly, then stick with cash or
debit card. It's going to beway cheaper for you and a lot safer
for you. Because there's tons ofpeople, tons of people who have mountains
of credit card debt, which isjust going to drag them down it's going

(22:49):
to cost some tons of money.It's going to they have huge problems from
it. So that's what I meanby when I say use it, use
it correctly. The correct and efficientand responsible way to use a credit card
is pay your bill entire in entiretyat the end of the month. That's
how you avoid paying any interest.That's how you get rewards, and that's
how you use it correctly, asopposed to shooting yourself in the foot.

(23:11):
So yeah, they have a badrep because tons of people who are if
you if you are, and thisis why finances aren't a cookie cutter thing.
If you're one of the people withfifty thousand dollars a credit card debt,
forget everything I just said. Listento like a Dave Ramsey cut those
cards, you know, but that'swrong. Like you know, they showed
that, they showed some Dave Ramseyvideos in my high school economics class.

(23:33):
I'm doing you know, the fingerair quotes right now, you know,
since I guess this isn't a filmthing, but the you know, for
somebody who's just starting and you know, their personal finance experience or is even
in good shape, that's the completelywrong way to look at it. You
know, you absolutely get a creditcard, put everything on it, pay
it all the way off every monthperiod. Yeah, it's funny you mentioned

(23:55):
Dave Ramsey because as you're talking,I'm like, kind of reminds me as
you just sell financially, why soyou just know a lot about it.
Do your friends come do for advice? Like financial advice? Ever? I
feel like you, yeah, reallyreally good financial advice. Well, well,
well let's see if any of themend up in the poorhouse or anything.
You know, let's not let's notcount o chickens before they hatch or
anything. Give the advice. Butthat's what I do. Yeah, yeah,

(24:17):
you find yourself out. Yeah yeah, well I usually give yourself out.
Yeah. I usually ask what's yournumber one financial like tip? But
it seems like yours would be opena credit card if you're I guess it's
not my number one financial tip.You know that that's a really good one,
number one financial tip for business owners, people starting out, just individual
consumers, whatever. Put together yourfinancial team and let them work for you.

(24:37):
You do not need to be anexpert in this. You do not
need to be an expert in anythingexcept what it is that you do for
a living, you know, frankly, at least some of the time that
people spend, you know, tryingto research some of this stuff is wasted
for because for everybody who knows whatthey're talking about, in my opinion,
there's about twenty people on the internetwho are crazy or you don't have any

(24:57):
idea what they're talking about. Youknow, put together your financial team and
then do what they tell you todo. Your financial team is for people,
it's a banker, it's a me, you know, somebody like that,
somebody who's going to somebody who youborrow money from, right and can
help you sort out the like checkingaccount thing whatever. It is a financial
advisor. Right. Once we startto have some excess wealth, let's get

(25:19):
it invested. Let's let our moneywork for us. I don't know anybody
who I would consider wealthy who isn'tdoing that kind of thing and frankly,
going that alone as a loser's game. There are often people who can do
that kind of thing on their own. But much like the Internet, for
every guy I know who's invested onhis own individually and made it work,
I know about twenty guys were broke. So let's get a financial advisor,

(25:41):
going, let's get an accountant.Let's don't don't try to figure out your
own taxes. Pay somebody to doit. It's worth it, especially as
your tax has become more complex aswe get wealthier, which is the goal.
And let's get an attorney. We'regoing to have legal questions. Especially
if we're a business owner, wemight want to set something up. But
individuals too. You know, weneed to start a state planning at a

(26:02):
young age. You know, it'snot a fun thing to talk about,
but the reality is there's no suchthing as too young to die, which
isn't something people want to talk about. But people who don't have a plan
for it are planning to fail andfail to plan plan to fail. So
put together that team. Afford peoplean accountant, an attorney, a banker,
and a financial advisor. Put thosepeople together and let them work for

(26:25):
you. That's my number one pieceof advice for everybody. You don't need
to be an expert in those things. I'm not an expert in the three
things that aren't what I do fora living. I have somebody for that,
and I pay them to work forme, and they're worth every penny
you know, you got to findgood ones of those people, you know,
which can be a difficult thing becausethere are people out there who aren't
as good or not everybody's a goodguy, that kind of thing. But

(26:48):
if you can find one who's reallygood, those professions interact a lot.
If you can find a decent financialadvisor, he probably knows a decent attorney,
accountant, and banker and vice versa. So that's my number one piece
of advice. You don't need toknow anything else. Get those four people
and do what they tell you todo. That that's actually pretty pretty solid

(27:10):
advice. Yeah that I was inventingan answer that thorough. But yeah,
that's very well. These are thekind of questions I was prepared to answer.
I didn't figure. Well, herewe go. I got some of
the time I had. Okay,number one thing, if anybody is listening
to this, all four of you, if you are, if you forget
absolutely everything else, I said,do that please God? Investing a big

(27:33):
investment guy, Yeah, I guesshow do you? How do you go
about it? Like? Are youRobinhood guy? I pay a financial buttony?
No, I have a financial advisoradvisor who I trust? Yeah?
Who I trust, and I takemy money to and I tell him what
my goals are and then he takescare of it. So do you recommend
robin Hood? Do you ever haveever used it? I have. I
put one hundred bucks into it whenit came out trying to figure it out.

(27:55):
I'm down like thirty bucks, youknow, I'm I'm down at Trying
to beat the market is an extraordinarilyhard thing, you know, the real
I think we probably need some sortof legal disclaimer here my might about financial
advice and stuff for the record,any all of my like financial advisor licensing,

(28:15):
I had some of that. It'sexpired. None of this is is
all just Colin Jarvis what he does. Yeah, what's what's the disclosures?
Go to Superior and ask for SuperiorWealth Management if you have any investment questions
Colin's personal tips that he does onhis own. Absolutely, do you want
real professional advice Superior Wealth Management,go to any branch assets and Colin's personal

(28:37):
advice is go see a financial advisorand let them work for you. You
know, but anything I've ever seen, you know, the market itself will
outperform. You know. Somebody tryingto go to loan nine times out of
ten. So if you really arefor some reason, like a financial advisor
stole your cat and you know,wrecked your car and you just absolutely hate
the industry, put your money ina decent index fund and you know,

(29:00):
and just leave it there. Butrealistically, take it to a financial advisor
and let themore. I think that'swhat I do. Well, what do
you say to you that sports bet? Do you? I mean, it's
it's kind of like it's I thinkpeople get so caught up in it.
I mean it's gambling. Yeah,but do you sports bet or do you
think it's do you think it's worthtrying? I don't have like any of
the apps or anything. It wildlyyou should not be part of the same

(29:22):
conversation that investing should be. It'san entertainment thing. And when we're talking
about making a bet, we're talkingabout here's the amount of money I'm willing
to put down to have a goodtime. And if it's gone, then
okay, that's what I was willingto spend to have a good time.
That's what I would have spent on, you know, a new video game
or at the bar or whatever,you know. And if we want some

(29:45):
money then you know, cherry onthe cake. But it wildly should not
be a part of the same conversationslike investment. It's not the same thing.
Anybody who thinks it is the samething needs to call me because they're
wrong and they're going to be broke. The uh. But yeah, i'll
sports bet or I'll pay it.I was at a casino last weekend.
You know, I put one hundreddollars in my pocket and I said,

(30:07):
this is the amount of money I'mwilling to spend half fun. And when
I lost it all that's what.Okay, that's what it costs me to
have a good time tonight. Youknow, if I'd won something, then
whatever, But so you can affordto lose. I went into casino my
first time, It's around Christmas time, and I took out I think it
was like forty bucks out of theATM or whatever. I put it in

(30:29):
the slot machine. One turn,nothing, next turn, nothing, next
eight turns because they were like fivedollars polls, not a single dime back,
And I was like, you knowwhat, that is enough for me.
The fastest forty bucks I've ever spent. So I don't know how to
play any card games, and Iwas like, yeah, I think it's
time for me to go, andthen I walked out. I think we're
gonna have to work on blackjack orsomething. But here's my real advice.
Slots for losers. Like there wasthat I never been to it into casina

(30:51):
before. I was like, I'mhere because there was like a crash on
them I wanted to go to andshe went in there. I was like,
I'll just play the slots I've readbefore. And five minutes later I
was down forty bucks and I wasin between now and the next podcast,
we work on our black jacket.We'll take some black blackjacks from Colin.
Yep, it's not an investment.It's a good it's a good time.
Pull out the money that you wantahead of time, that you know you're

(31:11):
comfortable spending for it to be agood time. When it's gone, you
don't pull more. Same with sportsspending. Yeah, I don't have anything
else, Cloud, Do you haveany questions? No? All right,
well Colin, Yeah, we havea fun little segment take away. But
Colin, so much for coming.We afiate it and you were a great

(31:33):
guest, so got something I'm notjust browned as hopefully excellent. There you
go, Chloe, it's all youawesome. So there's just a couple of
rapid fire questions for you. Okay, I'll try to give rapid fire answers.
Winter or summer, summer? Isthere a specific month? May?
I mean it's my birthday, soclearly it's the best month. It's getting

(31:55):
it's getting warm, and the leavesare coming back on that when the leaves
are on the trees and everything's green, I think we live in one of
the prettiest places in the world.There are parts of winter that I like.
But I look around, I'm like, everything looks dead and I'm sad,
and now everything is just yeah theoh, I prefer changing seasons.
But may I believes are coming backon the trees. Uh, the greatest
person ever was born that month.Here, she'd be like, Oh,

(32:15):
you're a you're a Sagittarian. Idon't know that sagittarius. Go team Okay,
TV series or movies, gosh,I guess it depends a little bit
of both, a little bit ofboth. Do you just want to name
your favorite TV series? Okay,greatest TV series of all time was The

(32:37):
West Wing. I love that.I love that show very very much.
Greatest movie of all time die Hard, of course, you know, really
good die Hard and Ocean's eleven IndianaJones. It is a Christmas movie.
The those are my favorite TV shows. The West, Wing Bridge, top
Gear, American Top Gears sucked.Psych. Psych was a great show.

(32:58):
Yeah that was that was pretty I'mmore of a reader, oh either,
Oh yeah, biggest, the absolutebiggest hobby. I love to read.
My life's greatest passion. Nice.What would like to read? Fiction?
Fiction? Pretty much anything? Iprefer. My main wheelhouse is fiction.
I like fantasy and sci fi mysteries. But I really can do absolutely everything

(33:19):
other than horror. I'd refuse to, don't I get scared. I'm unashamed
to admit it. I I'll doabsolutely anything else. I not think you
for a reader, but that's cool. I don't know if I should be
insolvent or not. No, Idon't know. I guess I think you'd
be like more of a sports guyor like I'm a huge nerd. I'm
a huge nerd. No, Imean I have friends and stuff, but
I huge nerd. I Stories,stories are my life's greatest passion, and

(33:45):
so I like movies and TV showsthat tell good stories, but you know,
books are my preferred medium. Ohcool, text or call? Mostly
text. I guess it depends onwhat we have to do, like if
we have to get really detailed andlike make a plan, like to call
somebody so we don't have to likego, I'm doing that. I was
doing that with my friends as wewalked in. They're killing me. I'm

(34:06):
probably gonna call them on the wayout or something, you know, but
otherwise text me, Like, youknow, pizza or tacos pizza? What
is your favorite pizza place? Wepretty good in Wallpark, in case you
can't tell. For a town oursize, We've got good options. Beer
and wine is my favorite, butwe've got killer at you know, CJ's

(34:30):
Woodies La Grande are really good.Beer and wine probably being my I like
tacos too, though I'm a prettyequal opportunity eater. As it turns out,
morning person or night person, Iam a more That's changed is that
that has changed as I got older. I am much more of a morning
person Now I'm a lot more productive. Like I'm at my most productive pre
lunch time. The afternoon is whereI start to tip off. I'm like,

(34:52):
you know, at two pm.I know, well we did this
at two thirty. I don't knowwhose idea that was, but a be
real chipper at you know, ifwe've done it at eight thirty, but
more morning. I agree. Cityor country? Well. I obviously have
chosen to live in Wallpak and loveit, But there are a number of

(35:14):
things I've been traveling more in thelast handful of years and really enjoy exploring
a new city. In fact,it's some of the happiest I've been,
you know, and things that I'vekind of been doing myself in the last
few years here as I've tried toexpand my horizons a little bit. So
I prefer to live in the countryand visit the city. Cake or pie
pie? That one's easy, well, okay, I agree. I haven't

(35:35):
had a birthday cake in like twentyyears. What's the best? What's the
best pie? Cherry okay, okay, fair easy, these are easy.
Apple pie also good. Pretty muchevery pie except rhubarb, and I probably
not prefer strawberry either, but allgood. And cherry cherry for sure,
Cherry for sure, number one easyokay, okay. Coke or PEPSI coke

(36:00):
I don't drink a lot of pop, but I drink a coke before a
PEPSI night in or night out withWho's a good question? Yeah, well,
yeah out? Probably. I enjoydoing things with my friends, although
more and more I suppose we stayin together, so I don't know if

(36:21):
that counts or not, but yeah, out, I like to go out.
iPhone or Android? Android? Cheapcheap. I told you, guys,
I told you I'm a nerd,but not a technology nerd. I
bought the cheapest phone I could anddoes just fine. And does it do
as good as the iPhone? Maybenot, but it's about the tenth of
the price, so hunter bucks baby, right there? Beach vacation or an

(36:46):
amusement park. Beach vacation. Iguess I haven't been to an amusement parking
some time. Beach vacation. Isuppose I like the beach. The ocean's
cool beaches are fun. Last question, Okay, this is kind of big.
I mean, should I stretch outfor this one? You probably should?
You probably should best Mario Kart characterto bess all right, Yeah,

(37:15):
okay, I'm gonna be perfectly honestwith you more time. I don't really
know why except for the fact thatmaybe my sister always took Mario, but
I always took baby Mario and themotorcycle that kind of looks like a bullet
and that's my move. Okay.I don't know if this is a recorded
or not, but Colin and Iare at some point gonna play. We're

(37:37):
gonna throw down. It's because Ifeel like, Okay, here's the thing.
I talked a lot of crap aboutthat, but I have I was
good when I played with my sister, you know, maybe ten fifteen years
ago. I think I'm I thinkI'm gonna know, but I'm gonna have
to. I mean, I mean, like in college maybe and not strictly

(37:59):
sober, you know, the uhthe uh. I will practice, Okay,
I will practice, will practice.Come back in on my A game.
There's TV right there. I'm justsaying we're gonna play live audio commentary
air. I think Toad is personallythe best character. Why why do you

(38:20):
say that? I mean, it'sokay, just a fun guy grown out
of his head. But whatever,what Mario, because I'm basic with with
one of the car I can't rememberthe card name was like the blost or
something like that. I think that'sthe one I would get, except I
you know, I was trying tobe the nice older brother, Like I'm

(38:40):
basic. He's a character, allright, having him, I feel like
I was Donkey Kong some of thetime, I think. But like I
didn't like that his cart was likemade out of barrels. I just somehow
thought it was slower. I don'tknow if that was true or not.
That may or may not have beenact probably the same speed they probably are.
There's can't be the same speed theyalmost certainly when you pick it has

(39:00):
like the capabilities or wherever you wantto call it. Of the faster sur
this one is better traction. No, I guarantee you they're all exactly the
same. It's time how you controlit. But Colins was a great episode.
It might be our longest episode tooas well. We went really good
amount. Yeah I know which great. I'm glad we had a really really
good discussion and you gave us somereally good things. Put me on a

(39:21):
buzzer if I come back. Ohyou're good. Is there anything else you
want to add before you sign off? Thanks for having me cool, Thanks
Colin. We'll see you guys nexttime On let's talk about. Since this
podcast was recorded in the iHeart RadioPodcasting Center, Thanks for listening.
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