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The Stacking Benjamins Show

Rock Your Next Job Pivot (with NFL Pro Bowler Eric Wood)

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 14 December 2022

⏱️ 67 minutes

🧾️ Download transcript

Summary

When sudden change happens in your life, how do you handle it? Imagine being told you couldn't perform your job anymore. How would you pivot? Our guest today had a huge and sudden change in his life when, while his wife was in labor with their child, he found out he had injuries that would prevent him from playing football ever again. Eric Wood played in the NFL for nine seasons before his sudden departure. He joins us today to talk about that moment, the immediate changes he had to make, how he set himself up for success after the NFL, and the importance of having mentors and coaches at all stages of life. Think you have nothing in common with an NFL star? Think again! These messages will apply to much of your life. Are you counting on the 4% rule to get you through retirement? You may need to revisit your financial plan. For years there has been suspicion that the 4% rule doesn't work anymore and we dive into exactly why in our headline segment. Joe and OG talk about reviewing your plan consistently and making small changes along the way so you don't run into huge setbacks. Then we'll answer Justin's question about saving for future college expenses and Doug will share his trivia. Find the full show notes at https://www.stackingbenjamins.com/eric-wood-1289. Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I must stop this whole thing.

0:03.0

Like for 53 years I've put up with it now.

0:07.0

I must stop Christmas from coming.

0:12.0

But how?

0:19.0

Live from Joe's mom's basement.

0:21.0

It's the stacking Benjamin Joe.

0:31.0

I'm Joe's mom's neighbor Duggan.

0:35.0

Have you laid out your goals for 2023?

0:38.0

Today, to help you tackle what's next,

0:40.0

we welcome NFL veteran Eric Wood.

0:43.0

Wait a minute, goals.

0:45.0

This guy's an NFL player.

0:46.0

Shouldn't NFL players be talking about touchdowns?

0:49.0

In our headlines, we always talk about

0:51.0

how to put money away for retirement.

0:53.0

But how do you take money out?

0:55.0

We'll dispel one common myth.

0:58.0

And then I'll share some lunar trivia.

1:01.0

And now, two guys who want to help you

1:03.0

get a major touchdown with your investments,

1:06.0

it's Joe, O-N-O-J-J-J-J-G.

1:17.0

Happy Wednesday, Stackers.

...

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