Beyond the Numbers: James Rhee's Recipe for Success through Kindness (SB1621)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.4 • 2K Ratings

🗓️ 25 December 2024

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How can kindness and a little math transform not just a company but an entire outlook on life? In this episode, we’re joined by James Rhee, who shares his remarkable journey from venture capitalist to CEO of a company dedicated to inclusivity and empowerment for plus-size Black women. James opens up about the values instilled by his Korean immigrant parents, the challenges of reviving a struggling business, and how empathy and cultural understanding can create impactful, lasting change.

James also shares his leadership philosophy, emphasizing the power of kindness in decision-making and the surprising role of math in driving meaningful progress. From the red helicopter story to his thoughts on the importance of liberal arts education, James’ perspective is a refreshing reminder that true success starts with leading from the heart.

On the financial side, Joe and OG tackle a listener’s question about mortgage recasting, explaining the differences between lowering monthly payments and paying down principal, and why understanding your financial goals is crucial. They also dive into wedding spending trends, including tips for managing costs without sacrificing the celebration.

And because it’s the holiday season, the episode wouldn’t be complete without warm, festive stories. Joe and OG reminisce about early Christmas mornings, favorite holiday traditions, and the unexpected joys of giving (and receiving).

What You’ll Learn Today:

Leadership lessons from James Rhee, including the role of kindness and cultural understanding in personal and professional success.
How recasting a mortgage works, when it makes sense, and how to align it with your goals.
Practical strategies for managing wedding budgets and navigating the financial burden of attending events.
Why intentionality is the key to handling major financial milestones.

Episode Highlights:

James Rhee’s journey from venture capitalist to CEO and his focus on empowering plus-size Black women.
The power of kindness and math in leadership, with personal stories from James’ upbringing and career.
Wedding spending trends, budgeting tips, and financial advice for planning big events.
Joe and OG’s take on mortgage recasting and how to approach it strategically.
Festive Christmas morning memories and holiday traditions.

Why You Should Listen:

Whether you’re looking for leadership inspiration, practical financial advice, or just a little holiday cheer, this episode has something for everyone. James Rhee’s story will leave you inspired to lead with kindness, while Joe and OG’s financial insights will help you tackle your goals with confidence—and maybe a few laughs along the way.

Kindness and intentionality can change your finances—and your life. Tune in to this inspiring episode and make it a holiday season to remember.

FULL SHOW NOTES: https://www.stackingbenjamins.com/beyond-the-numbers-james-rhee-success-through-kindness-greatest-hits-1621/

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

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Transcript

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0:00.0	I know what you like every year, Doug gets up to open presents at like 3.30 in the morning.
0:12.4	What the hell is that about? So excited. Did you guys used to do that? Did your kids do that?
0:16.6	I totally did that. My brother and I got up at 1.30 in the morning one time.
0:24.3	And my dad read us the riot act, told us we had to go back to bed.
0:26.9	And we did for about 90 minutes.
0:29.1	And then we finally got up at three.
0:31.9	And my parents finally opened presents at 4 a.m.
0:34.1	Because we were not going back to bed. One of my favorite memories of being up early with the Christmas presence was my,
0:39.9	my brother and I have gone downstairs, tiptoeing around, you know, the lights are on.
0:46.1	Mom always left the Christmas lights on for Santa to be able to see, you know, which made
0:49.9	sense to me.
0:51.4	And, you know, you get the pile where, like, you know, you're kind of looking.
0:55.5	Try not to move stuff, right? You're just going like, right? I see one for me. I see one for me.
0:59.7	And out of nowhere, we hear this knock on the door. This is no joke. Same thing. Like four in the
1:08.3	morning, right? We're like, what the heck is that? Who's not got on your door at 4 a.m. And I'm eight or six or something, right? So we go up to the front door and we have this... Turns out as the cops to get your mom. She's, they finally caught up with her. Nope, not at all. So, uh this artwarming story, Joe. I know. What the fuck, bro? So, with this big, thick door with a big window and we slide the curtain across. And it's dad. Dad had raced home. He was an over-the-road truck driver, always gone all the time, and made it home for Christmas morning at four in the morning. And we opened the door and he's like, I knew you guys would be up. We're like, don't you have a key? Why are you beating on the door? I was going to say, here's my question. Who was he expecting to answer the door at 4 a.m? I think he saw that. I think he saw that we were up in the window, you know. And then he says, well, you guys aren't going to believe this. But have you been up a while? We're like, well, we kind of just got up. And he's like, you're not going to believe this. So I'm driving down the road. And as Santa was pulling away, some stuff fell out the back. Can you help me to take it in? I think it's for us.
2:19.0	And I'm like, heck yeah.
2:21.1	So we go out and my dad's got like a truck full of, you know, a few things.
2:24.1	Oh, that's cool.
2:24.8	Amazing.
2:26.4	That he had had, had fallen off the sand slay.
2:31.0	And like, we don't need another tv dad um but um hubcaps to get this stuff where did sand
2:43.3	get this stuff but uh anyway one of my one of my favorite memories of christmas that's a good that's a great story
	...

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