Life Advice From a Top American Entrepreneur - Panera Founder Ron Shaich (SB1426)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 25 October 2023
⏱️ 70 minutes
🧾️ Download transcript
Summary
Want to know how to stack AND enjoy more Benjamins? Us too! That's why we like taking life advice from the right people. In our minds, Ron Shaich, founder and former CEO of Panera Bread joins us to talk about living a life of service. Ron's had a full life, making money quickly but still working. How come? It turns out, Ron's best life advice revolves around how to live with meaning, rather than chasing money. We talk about his early days with the company, reinventing Panera before it was broken, and coming back out of "retirement" four times to pursue the next phase of running the business he loves.
Speaking of life advice...one crypto trader could use some. Mom always said "measure twice and cut once" when doing anything. This trader lost OVER one hundred thousand dollars on a trade recently. We'll share how and what life advice this may mean for you! (There's plenty).
Of course, we still throw out the Haven Life Line to a lucky listener and also dive into some of Doug's juicy trivia.
FULL SHOW NOTES: https://www.stackingbenjamins.com/know-what-matters-with-ron-shaich-1426
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'm actually snaverly being of sound mind and body to hereby bequeath the following. |
| 0:09.0 | To my wife Rose, who spent money like there was no tomorrow, I leave $100 and a calendar. |
| 0:16.0 | To my sons, Rodney and Victor, who spent every dime I ever gave them on fancy cars and fast women, I leave $50 in dimes. |
| 0:27.1 | And to my other friends and relatives who also never learned the value of a dollar, I leave a dollar. |
| 0:39.3 | Live from Joe's mom's basement, it's the stacking Benjamin's show. |
| 0:54.0 | I'm Joe's mom's neighbor, Doug, and today we'll learn how being honest with yourself |
| 0:58.7 | will help you grow your business with founder and former CEO of Panera Bread, Ron Shake. |
| 1:05.6 | In our headlines, one investor lost over $100,000 in a trade. |
| 1:15.5 | We'll explain their oops moment and how to prevent it in your portfolio. |
| 1:19.2 | Plus, we'll throw out the Haven Lifeline to Stacker Martin, |
| 1:24.6 | who wants to know if he should stop contributing to his fee-heavy 403B plan. |
| 1:27.7 | And then I'll share some cheesy trivia. |
| 1:35.9 | And now, two guys who are as steady as peanut butter and jelly, it's Joe and O Jha, Jha, Jha, Jee. |
| 1:42.8 | Hey there, Stackers, and I am the peanut butter on this podcast, Joe Salsi High, average Joe Money on Twitter, which means sitting across to me. |
| 1:50.0 | You're jelly and me. |
| 1:52.1 | I was going to say, you're the jelly roll on this podcast. |
| 1:56.7 | Hey, now. |
| 1:57.2 | Mr. O.G. How are you, man? |
| 1:58.6 | Crunchy or creamy? |
| 2:00.5 | You know, I go back and forth. |
| 2:02.8 | Go-to is crunchy. |
| 2:03.9 | You go both ways? I do. Go-to is crunchy, but there's times when I'm like, I don't want my jaw to get that much work. Giff or Skippy? Jiff. Yeah. Skippy is so bad, isn't it? Peter Pan. Oh, Peter Pan's all right. |
... |
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