The Millionaire Mind, Start Saving Early, Gen Z & Social Media with Jacob Shamban

My guest today is Jacob Shamban. He’s a financial advisor from Texas, now residing in Wisconsin. I know Jacob to be hardworking and conscientious. He also happens to be the only guest we’ve had NOT born in the 20th Century!

The dynamic 22-year-old is breaking norms in the finance world with fresh insights and a unique approach to personal finance. Not only is he skilled at helping people with financial plans, but as one of his mentors, I’ve found him to be an excellent communicator.

In this episode, Jacob and I discuss his college baseball journey from Texas to Iowa. He attended Iowa Western for two years before transferring to the University of Wisconsin-La Crosse. Jacob always wanted to play college baseball, and was willing to leave Texas to do it. Now that he’s earned a college degree, he’s decided to call Wisconsin home.

According to Jacob, the main obstacle he faced in achieving his ultimate goal of playing Division I Baseball was his mindset. Although he had the skills, he said lack of confidence held him back. As a sharp young financial advisor, it’s evident he no longer lacks for confidence.

We also talk about Jacob’s goal of becoming a millionaire by age 30. When I ask about his strategies, he says he’s focused on improving his saving habits. He emphasizes the importance of starting to save early and letting compound interest work its magic. Although his father set aside funds for his education, Jacob wishes he’d started saving even earlier.

Hope you enjoy listening as much as we did recording.

Questions asked:

Did you grow up in Houston?
How did you end up in Iowa?
Is Iowa Western a D1 JUCO (Division I Junior College)?
Was playing Division I your ultimate goal? What were you thinking while you were at JUCO?
Is confidence still an issue for you?
Did you get to come home often when you were in Iowa?
Did you notice the impact on people’s communication skills after COVID?
Do the Saints have a training camp in La Crosse, Wisconsin?
Were you able to finagle another kind of leadership scholarship?
Has anybody asked you about your GPA since you graduated?
Did you go to Lambeau Field while you’re up there in Wisconsin? Is there tailgating prior to the game?
Did you eat a lot of cheese while you’re there? Why is there a fascination with cheese?
How did you adjust to cold weather?
Do you notice people being down a lot because there’s not a lot of sun during the winter?
Do you find the women are more or less attractive up there? Are there less blondes?
[Question to Brad] Does putting “valedictorian” on your resume still have quite as big as an impact?
[Question to Brad] Why do you think there’s not as much sympathy for men than women?
Did you lobby your parents hard for a cellphone?
Did you know anyone that wasn’t on social media?
What kind of car do your drive?
Since you are in Sales & you want to appear successful to your clients, does your employer encourage you to drive a nicer car?
So you have no desire to purchase a fancier car?
Let’s say you made $60-$80 grand a year. How much are you spending on your car?
How long have you been in the Houston area?
How did you make the decision to come back or not come back? And was that a tough decision for you?
How do you think about networking?
Isn’t it interesting that not everyone gets joy from connection people?
What age do you think you’ll be a millionaire?
What habits have you implemented to ensure that you get to millionaire status?
Are you now saving & investing and kind of wished that you had started saving even $20 a month at age 14?
What’s your living situation right now?
How long do you want to rent?
Have you noticed your friends moving in with their parents after college?
Is “house hacking” something you guys discussed?
What method do you and your friends use to communicate primarily?
As for social media, where are your friends?
At what age did you get on Instagram and Snapchat?
Did you see any girls that you went to school with struggling with social media?
Did your teachers warn you about social media? Where did you get that knowledge that the Internet is forever?
What advice do you have to a junior in high school who wants to play college baseball as it pertains to social media?
Have you heard of Blessington Farms?
What school did most of the students come from to fill Fulshear High School?
[Question to Brad] Do you spend a lot of time thinking about people you knew back in high school?
If you had to choose an age to get married, what would it be?
How old were your parents when they had you?
Is there anything that you remember your college coach saying?
Do you notice in the real world that others were never good teammates? Like they don’t root for your success?
Do you notice some habits, skill sets, attitudes, or mental models that you’ve developed in college from playing college ball that you now use in the real world?
In what ways has your work mentor helped you?
What’s been the most difficult part of the “real world” so far?
Are you a godly person? Do you go to church every week?
Did you meet your girlfriend at church?
Could you ever see yourself dating someone who wasn’t a believer?
Do you have friends or roommates who don’t believe in God?
What’s been the biggest benefit to you of having a relationship with God?
What are you reading right now?
Do you think President Joe Biden will be the Democrat Party candidate next year?
Do you know who Matt Rife is?
How do you feel about GPT-3 or AI? Are you using those sorts of tools to help you in your career?

Fun questions:

Is not wanting something just as good as having it?
When is the last time you spoke to God?
What is the best quality you look for in someone you’re going to date?
Which app do you use the most on your phone?
Is there a professional sports team that you root for?
Would you rather the Red Sox win the World Series next year or have $250 cash?
Red Sox winning the World Series or $800 cash?
If I give you $100,000 and have to invest it all in one of these 3 companies–Starbucks, Apple, or Tesla–where are you putting the money?
If you had a choice, would you be famous?
If given the opportunity to travel somewhere for the entire month of December, where would you go?
If you could have had one person–alive or dead–at your Thanksgiving dinner yesterday, who would it be?
Word association:
- Christmas Tree
- Argentina
- Dating in 2023
- Elon Musk
- New York City
- Uber
- Israel
- Katy, Texas
- Internet pornography
- Bicycle
- Seeking wisdom
- Marijuana
- High quality roommates
- Wife material
- Debit card
- Taco Bell

The Millionaire Mind, Start Saving Early, Gen Z & Social Media with Jacob Shamban

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Questions asked:

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Other topics discussed:

Questions asked:

Fun questions:

Listen here:

Books mentioned:

Connect with Jacob:

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