Why the "Santa Claus Rally" Happens & How To Build a Career in Finance with Peter's Intern!
36:14 Share

You know, there was this one time before I did my own money rehab when I checked my credit score and I realized I had no idea what it actually meant for my financial future. That's when it hit me. It was time to get serious about my money. We've all had that moment, right? Whether it's saving for something big or finally paying off debt, we all get to a point where we need to make some real money moves.

That's where Chime comes in. Chime offers a checking account designed to help you take control of your finances. With no monthly fees, no maintenance fees, and fee-free overdraft up to $200 with SpotMe. Imagine overdrafting and not having to worry about fees piling up. Chime's got you covered. Plus, Chime isn't just a financial tool. It's a community. You can get boosts from friends to temporarily increase your SpotMe limit. And when you help someone out with their own boost, they can return the favor.

Friends helping friends make progress. It's that simple. So why not make your fall finances a little greener? Open your Chime account in just two minutes at Chime.com slash MNN. That's Chime.com slash MNN, as in Money News Network. Chime.

Feels like progress. Banking services and debit card provided by the Bancorp N.A. or Stride Bank N.A. Members FDIC. SpotMe eligibility requirements and overdraft limits apply. Booths are available to eligible Chime members enrolled in SpotMe and are subject to monthly limits. Terms and conditions apply. Go to Chime.com slash disclosures for details. Happy December, money rehabbers. As we tie the bow on 2024, I'm taking some time to pause and reflect on

I've put some time on my calendar, literally, to celebrate what I've accomplished this year and what I want to achieve in 2025. Because when it comes to your financial future, setting clear goals can make all the difference.

Bank of America helps you turn those end-of-year reflections into real financial progress. Whether you're planning to save more or to get a better handle on your day-to-day finances, Bank of America makes it easy to set up and achieve your financial goals all in one place. Their digital tools and resources give you a clear picture of where you are today, and with knowledgeable advice and guidance, they'll help you map out where you want to be tomorrow. From building your savings from Bank of America to help meet your goals and grow your investments with Merrill, they offer support at

every step in your unique journey. So as you look ahead to the new year, take this moment to set the financial goals that matter to you and let Bank of America Corporation be your bestie in making them happen in 2024, 2025, and beyond.

To get started, just visit bofa.com slash newprosmedia. Brokerage services are provided by Merrill Lynch, Pierce, Fenner, and Smith Incorporated, a registered broker dealer, registered investment advisor, member SIPC, and a wholly owned subsidiary of Bank of America Corporation, member FDIC. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. ♪ Merrill, you have ♪

- Hey everybody, it's me, the Einstein of Wall Street from the floor of the New York Stock Exchange. Ladies and gentlemen, I'm going to be your temporary host sitting in for Nicole Lappin of Money Rehab as she is on maternity leave. We're gonna be doing episode after episode every day of what the heck's going on, giving you a forensic breakdown of what's happening into the market as we end 2024. And stay tuned for some of the best interviews I've done since the beginning of this show in 2024 in food, in fashion, in finance.

and fun. We'll be seeing a lot here, so stay tuned. Three, two, one.

Hey everybody, it's me, the Einstein of Wall Street. We are here with Trade Like Einstein. I am Peter Tuchman and we're here on the floor of the New York Stock Exchange in the balcony. History is made in this building every single day. Somebody with my long-term experience, I've been here for 137 years, it is my responsibility to help teach you how to navigate this market successfully. Boom! Today is Tuesday, I believe it is December 10th.

And, you know, look, now we've got two days in a row where the market's pulling back a little bit. I think it's been fueled by a couple of different things.

First of all, the market's just a little bit exhausted, right? We know that yesterday's sell-off was probably prompted by a lot of that bad news about monopoly accusations against Nvidia. And that's, look, once that happens, that really kind of pulled the market down. But look, guys and girls, net-net, Friday, you know, due to the great economic numbers that came out, we did close at record highs across all indices. And we've been doing that every day, every week, every month for the last 12 virtually.

So these record highs can probably exhaust the market to a certain extent. People's focuses aren't right here, right now. Everybody's out there. They got through their first shopping on Black Friday and Black Monday for Thanksgiving. And now we're sort of in that small quiet time between now and Christmas, right? We are all eyes are on the markets for the economic data, PPI, CPI coming out on Friday.

That is significant. That will either be the catalyst to take this market higher or pull the market back. Look, a couple of days of a sell-off or a pullback or slight consolidation when basically it's very sector-centric is not any reason to really get concerned. Anybody who's been in the S&P this year is up 27%.

And you know what? So you've got two days, the market is not down even a half a percent, so I wouldn't really get concerned. We do have a little bit of a fallback. That's legit. Dow and the S&P were off just a little bit today. 20 handles, nothing to cry about. Literally, look, if you've been trading this market this year, and you've been in the S&P, and you've been in the Russell, and you've been in the Nasdaq, and you've traded tech,

and you've been in this market in any kind of a way, then you're having a great year. I don't think anything's going to change in 2025. I'm anticipating an exciting volatile market. Is it going to go up or down? The answer is yes. That is a fact. I guarantee it. But my gut is with the new administration,

And some of the things that we've carved out by bringing Elon Musk, as wild and crazy as he is, into the mix is going to protect us and sort of pad us, put a little bit of a cushion between us and whatever potential wild and crazy times Mr. Trump is going to have around the China story and the tariff story and all that kind of stuff.

Net, net. You've got so many parts of this market that are super exciting. Also, we're seeing a little bit of rotation. When things tend to pull back, you're seeing people put their money elsewhere. Look, also, let's think about it. Mutual funds shut down at the end of...

At the end of October, hedge funds shut down at the end of November. So we are now in the first 10 days of December. And so you're not seeing the volume that you usually would see because a lot of the major players have stepped out. They've shut down their books for the year. If you think about it and you were a hedge fund and you were in this market at all, and I would imagine they probably had, they've had a better year than they've had in a while.

then you know what, why am I gonna take the chance of all that? Look, either it's going to be a major sell off by the end of the year because people are gonna start taking profits from a great year. Why would I wanna sit around and wait for that when I've got to go back and I've got to sit in front of my customers at the end of the year and I've got to explain to them why I had such a good year and why I'm gonna stay around for that last month to give back any of the gains that I've had.

Right? No reason for that. So that's why you do see some of the major players in the game shut their books down end of October, end of November. And so who does that leave? You've got people also positioning themselves for 2025. Obviously, there's going to be a lot going on coming into the inauguration, coming into the beginning of the new administration, whatever Mr. Trump plans on doing. My gut is we're seeing that J-PAL, there's not going to be an interruption in the J-PAL story.

which I think is good because look, whatever you may think of him, politically or not, he's done, I think, a great job. If it wasn't for him, I think, and what he did and the way he planned this thing, let's think about that for a minute.

This man, after COVID and after the crazy inflation story, and nobody should blame him for it at all. It was all, again, don't even blame Joe Byron for it. It had nothing to do with that. The bottom line was you had the perfect storm happen between COVID, everybody not wanting to go back to work, a complete interruption in everything in the world, right? The world shut down. It closed down. There was blood in the streets, people dying everywhere.

and then you have to turn the switch back on and there's still people who still haven't gone back to work. I mean, how crazy is that? Look, I knew for me at least given opportunity to go back to work, I definitely took that chance. But anyway, somebody who's took us from

from COVID, got us through COVID, printed a bunch of money, learned our lessons from 2007 and '08. It took nine years to get back to even after $800 billion was input into the market. That stimulus to get us out of the financial crisis, nine years to get back to even because they put 800 billion into the market over 18 months.

This time confronted with a major, major geo-global economic disaster that COVID was. We put $3 trillion into the market over three months, right? That's like a massive triage as opposed to kind of trickling in the help that we needed. It's like a big band-aid as opposed to small little band-aids, right? And at the end of the day, we were back to even by August 12th or 19th of the same year, up 20% in 2020, 28% in 2021.

That's what his policies have done and that's unbelievable. And look, then we got ourselves up to eight and a half percent in inflation and we've gotten ourselves back to two percent. We've gotten unemployment back to where it needs to be. We've gotten everything gas back to where it needs to be. So net net at the end of the day has done a great job. We are in a good situation. We are having a great year and I want everybody to appreciate that. Anybody who's participated in this, I hope you had a great year. If you haven't and

And you want it like your New Year's resolution is going to be, I want, I'm sitting around on weekends with my friends and family and everyone's talking about how they made money in tech and in crypto and in the market and all that. And I'm sitting here like not having not participated in all of it. That's got to end. You've got to reach out to me. DM me the word wild and crazy. I will happily respond.

set you in the right direction. My gut is probably by the end of the week when we have the economic data come in, PCI, PPI, PCE, I believe, PPI and CPI, that's when we're going to see this market, I think, sort of take off. Look, anything can happen, but that's my gut. That's the way the market's been acting. Don't get all freaked out about the last two days. It's healthy. Markets pull back.

If nothing has fundamentally changed in the stocks that you've been watching and they've down like 1%, 5%, whatever, they're off $2, $3, $4, $5, which they have been over the last couple of days. If you were dying to buy some tech, but you didn't want to pay top dollar, well, it's no longer top dollar.

They're training at a discount. It's like your favorite leather jacket at Macy's when it goes on sale during the holidays. You don't go running for the hills screaming fire, fire, fire. You walk into the store, put down your credit card and buy that coat. That's what I want you to do. Have a shopping list in the last three weeks of the year. If we do have a sell-off, which would be fine because we've had a great year, then have a shopping list of the companies that you like, the people, the process, the product, the profitability.

Those companies you've been watching, they've been trading frothy across the board. And now hopefully maybe they will go on sale. Then that's the time you take your time to buy. Anyway, do your own homework. If you want to learn how to trade the market, come join me and David Green at Wall Street Global Trading Academy. If you want to get an update of this market every single day, come and watch Trade Like Einstein with Money News Network with me and Nicole Lappin.

Have a great day. Bing bong, Shotzi. I love you. I'm out of here. Boom. Hold on to your wallets. Money Rehab will be right back. You know, there was this one time before I did my own Money Rehab when I checked my credit score and I realized I had no idea what it actually meant for my financial future. That's when it hit me. It was time to get serious about my money. We've all had that moment, right? Whether it's saving for something big or finally paying off debt, we all get to a point where we need to make some real money moves.

That's where Chime comes in. Chime offers a checking account designed to help you take control of your finances. With no monthly fees, no maintenance fees, and fee-free overdraft up to $200 with SpotMe. Imagine overdrafting and not having to worry about fees piling up. Chime's got you covered. Plus, Chime isn't just a financial tool. It's a community. You can get boosts from friends to temporarily increase your SpotMe limit. And when you help someone out with their own boost, they can return the favor.

Friends helping friends make progress. It's that simple. So why not make your fall finances a little greener? Open your Chime account in just two minutes at Chime.com slash MNN. That's Chime.com slash MNN, as in Money News Network. Chime.

And now for some more money rehab.

Hey everybody, now that we've done the wrap up on what the heck's going on, episode 9,487, please stay tuned for one of my favorite interviews of the year from 2024. It's coming right at you.

We are so excited today to have something super, super special. We have our young friend here, Alicia Ishvak. She is a student at Baruch College, and it's super important for us to really understand what's going on here. You know I like to break down that I've found something I really love to do. We talk about education, motivation, inspiration, and whatnot. So I was fortunate enough to meet this young lady through, she actually came to me and tried to

come and meet me here at the New York Stock Exchange. And she represents a group of young finance students at Baruch College here in New York City. And we were able to sort of connect. And that was sort of important because, you know, everybody tries to get to me. They want to come down here to the Stock Exchange. And very often people are very...

anxious or don't feel they're worthwhile to get in touch with me to try and get their message across. What I loved about her connecting me with me was she knocked on the door, I opened the door and we had this immediate connection because I could feel she really loves what she does and she wanted to, she was on a road to success and that's what we're going to call this episode, Road to Success, The Exception to the Rule with Alicia Ishvak. So I want to introduce her. How are you?

I'm doing very well. Fantastic. Thank you so much for having me here. And actually,

Just to add on, it took you two months to get back to me. So I was just like cold emailing, trying to, you know, get a tour of the New York Stock Exchange because we're one of the largest clubs at Baruch. It's called the Finance and Economic Society. And so all of us, like, it's a dream to be here. So just consistently, I think just reaching out. And yeah, one day after two months, we replied. And that's kind of how we hit it off. Persistence is one of the greatest qualities that I respect in a human being. Okay. So what ended up happening? She came down to the stock exchange.

after two months of knocking on my door. You know what, if you keep knocking on my door, I promise you I will eventually answer it. Okay, so we came down to the floor, we met, we had a tour with this young investment group from Baruch College, and we had an amazing time. And then our relationship sort of grew. I ended up doing a forum there with their investment club, and that sort of has opened up bigger doors. She's now an intern with us at TradeMoss, working with my son, Benjamin Tuchman, on an amazing trading model that we do on the floor.

What is so different about this young lady, in my opinion, is look, it's been a while since I've had my hand on the pulse of what it's like. Look, we always joke about it. I went to high school with Alexander Hamilton. That was 137 years ago. So it's been a while since I had my pulse on

on what it's like to be a young student, an aspiring high school student, a college student, someone looking for interns, trying to find that road to success. Perseverance being one of the greatest qualities of that. So I thought it would be interesting. We talk about trading the market, charting, education, motivation, inspiration, all the things that really make up me and my love here and my love for what I do, the adrenaline, everything I do. But I think we're going to

break this thing down for Money News Network, for this new show, Trade Like Einstein, and really break down her journey. Her journey as she came here as an immigrant, she has grown and become an incredible young lady and a student, and really is on the road to success. And look,

She's not the rule, she is the exception to the rule because she's checked off every box along the way and we know it's an incredible challenge. I know it, I have two young children, I know what it's like, actually, even though I don't have my finger on the pulse, I know what it's like to be a young student, somebody aspiring to be really great and find success in something you love to do, but I thought it was super important in this age, we're in 2023,

Okay, the world is different now. We've got computers, we've got social media, we've got a world that just came out of a pandemic. So what is it like for a young student trying to find success, trying to find something they love to do? And we're gonna frame it within the world of finance because that's what I do and that's the direction she's gonna do. So we're gonna ask her to tell her story and get on with it, let's go.

Awesome. Yeah. Just to give you some background, I immigrated here with my family when I was about 80 years old. And ever since I've been living here in Brooklyn, I kind of grew up here, went to middle school, high school, and then college. And like Peter said, it's pretty hard and stressful trying to navigate college, trying to land an internship. I think it takes a lot of perseverance, commitment, dedication, and certainly I hope just following those principles

I've landed a full-time job at Citi. I landed an internship during my junior year at TD Securities. I was in their investment banking division. And then currently I'm interning at Commerce Bank as a corporate banking intern, along with Trade Moss here at

And Trademoss here on the NYSE. Yes, I am also interning here with Benny Tuckman. And yeah, so that's kind of what I've been up to recently. But yeah, it's really been a lot navigating and trying to land your junior summer internship and then also landing, you know, something full-time that I would love to pursue as my career and, you know, ultimate job. And yeah, so in college, I...

You know, I was going around to the course of different colleges across New York City. And Baruch was one of my best options. I went to Baruch. Go. Amazing school. I can't say enough great things about it. But yeah, so I ended up at Baruch. In freshman year, I was attending a lot of, like, we had career fairs. So we would have, like,

recruiters from different companies come in and speak to students. So I was attending a lot of those trying to like get an idea of, hey, like what is banking? What is investment banking? Because when you walk in, when you come in as a freshman, investment banking, I feel like it's very glamorized. And so everybody's like, yeah, I want to do investment banking. But little do people know what it actually takes. And so I think just realizing that, trying to speak to people and

Ask them important questions like, what does your day-to-day look like? What skills do I need to have? Right. So try to match that with what your values are, what you essentially want to do. So I think a lot of networking was the key in like landing these internships, especially my junior internship. I actually didn't even do an application for that.

It was straight through networking. So I was part of Fez, and we have a lot of connections, alumni. What's Fez? A finance and economic society. So it's like the largest finance club, I believe. And that's who came to tour here. That's cool. I'm so excited. Join as many clubs as you can. We'll also be back on Wednesday for our second tour. Tour number two. It's a semester thing. Yeah, so I was just networking a lot and reached out to somebody that was recruiting, doing a resume drop at TD Securities.

And yeah, he was like, we love your resume. I'd love to like have, you know, a first round of interview. I was like, yeah, let's do it. So it was like the very next day they called me. I did a phone call interview. And before I actually even got to send a thank you letter, they're like, hey, we'd love to do a super day. So like I didn't even have time to send a thank you letter or like, you know, prep. But the next morning I had super days with the two MDs from TD. And, you know, it was a great casual conversation. Really enjoyed it. And,

And yeah, before I even got to send them thank you letters, they're like, hey, we'd love to extend the offer. So it all happened very quickly. And yeah, that's kind of how I landed my junior year summer internship. Let me interrupt you for a second, because let's talk about the qualities that it takes to be able to do what you're doing. Look, everybody out there has so many interests. We are barraged by all of the wonderful things, all these companies that we talk about here on the floor. I always talk about this is the greatest consumer generation in the world. And so we

We are involved in, we're very loyal consumers. We know the different companies are out there and everybody knows a lot about finance. We just came out of a time, you know, from COVID where I always talk about the democratization of the trading community. You as a young person going to college was suddenly your life was interrupted by COVID.

right? You were suddenly sheltered in place and quarantined at home, you know, sitting there with a stimulus check or whatnot, or just trying to figure out how do I navigate this? This is new. There's no playbook for what do I do when my life is completely interrupted? I don't have classes to go to. I'm at home and I'm like at that point in my life where I'm trying to figure out what to do. How did you navigate your way through that? Keep your focus. And one second thing is

Did you always have that confidence? It's funny for me. I have a mentor whose name is David Meltzer. And David Meltzer is one of the great life coaches to many billionaires around the world. He's the gentleman that the movie Jerry Maguire was made about. He was a gentleman who has seen great success. He's seen great failure. And he's gotten back on his feet. And he's a big motivator and inspiration to me. But he always talks about that

you know that feeling when we wake up in the morning, we're about to embark on something new and we have to make that phone call or we have to make that call to TV to see if they'll see me or we have to go and see that professor or we have to network in these environments. We get nervous, we get anxious, we don't feel we are good enough or our self-esteem is in question. And he always talks about those butterflies that we get in our stomach and, uh,

that when we're about to do something and he said he always said to me because I would say to him I said I've been around for a long time and still when I embark on a new thing I still get nervous I'm still anxious about it and I kind of feel like where does that come from is it a lack of confidence or whatnot he flips that whole narrative on his head and says no when you're about to embark on something new and you've got those butterflies in your stomach that is actually you

about to embark on something that is really significant. As opposed to looking at it as a negative, it means you're about to change some stuff up. So where did that confidence come from with you? Because it doesn't, a lot of children, a lot of people who come to me, right, you knocked on the door a number of times but persisted. A lot of people try and reach me and maybe not and never call back. Some people try things, they get knocked down, the first door they go to is not opened automatically and they kind of give up.

And they may have actually lost an opportunity along the way. So where did that confidence come from? Tell me. You know, I think it's something that I developed over time, certainly. In high school, I remember, like, I would just pick up a lot of self-help books, such as Rich Dad, Poor Dad.

Poor Dad, the classic, Think and Grow Rich, a lot of psychology books of this kind. And just like watching a lot of YouTube videos on, you know, like what it takes, you know, the mindset that you should have. Like Jocko Willink is a great author. I...

I kind of follow him as well. So yeah, just like having that mindset to put your emotions aside, get up and do what you have to do, just get after it. I think was my motto. And reaching out to being in terms of being persistent. I know like a lot of students tend to get discouraged after like they don't hear back. Like I mentioned, you replied back to me after two months and that was just like me being consistently like reaching out on LinkedIn,

yeah, like, I certainly did have that thought that, yeah, he, you know, he's probably, like, bombarded with so many of, you know, messages, like, you know, from other students like me, so I didn't really expect him to get back, but there's also, there's always a chance, like, I don't give up, so I think with everything else, I've always been persistent, regardless of what the circumstances are, how I feel, I put all that aside, I know what the goal is, I just go after it, and I think

So to have this mindset, you definitely have to have a lot of self-discipline. And like I mentioned, I think in high school, reading a lot of these self-help books really helped me build and grow that mindset over time.

So, you know, it's interesting because study habits are super. So there are a lot of things that are important because along the way I did so many. If you ever hear me tell my story about studying, getting a degree in agriculture, international business, owning a record store, trading commodities, moving to Africa for two years, coming back here, finding my job on the stock exchange. My journey into finance was not a direct one. And so it's a matter of what are the qualities that make us able to

find our goals and achieve our goals, find success, find fulfillment and whatnot. We may not always have a direct line to what we end up doing and mine was not, but persistence, discipline, consistency, honesty are super important things. And also the things, as you said, trying to do everything in your power to build confidence,

Also not feel that you can't knock on every door. It's not a matter of how many times you get knocked down. It's how many times you get back up and not miss that next opportunity. And also along the way to learn the study habits too, so that when you find something you love to do, right, you'll never work a day in your life. You're going to have all of those components to be great at whatever you do.

want to do. So for me, I know that in my world that I've done, look, I've had a really, I've had good times and bad times. I've had a lot of success in my life. There's success, which is kind of short-term financial success. And then there's fulfillment where you really, you really have that feeling that, that it's a gift that you're able to connect people to opportunity and actually do good things. But it,

One of the reasons I sort of had this epiphany when I was talking, we were talking about what's the next, what was going to be our next segment here in Money News Network, Trade Like Einstein, was because I get this question asked all the time. And I know that I can motivate, I can frigging motivate a dead person. I can connect you with people along the way on the industry. But there's a far, a far...

a far journey between where you are as a young high school student or a college student and those four years that transpire. Because I know I have people who contact me all the time and all they'll just say is, can I have an internship? Can I have an internship? I'm wondering if there's a better way that we can get people to understand, how do you do that? How do you read up on the person? Now, we've talked about it too. When I introduce people to somebody that may be able to better them along the way, and I'll just say, start to meet people.

right? The key to this thing is building a resume, not a resume that you have with all your achievements on a piece of paper, because as we know from some guy who's running for Congress that you can make that stuff up any day of the week. But it's a matter of along the way is making relationships. Relationships are kind of key for me, right? I'm one of these. I'm a humanist, right? And so along

the way, we have a really nice relationship. It went from her knocking on my door, me giving them a tour. Then I went and spoke at the forum she talked about, which was a real give back situation. It was me and three or four people who are Baruch alum who had been through the ropes, who had gone through that journey, who had found success, and they were still in it. They were in their second and third year of their jobs at Morgan, at JP, at Citi, wherever they may be. And they came back to give people.

that help. I don't need to die with the most toys. That does absolutely nothing for me. But along the way, what's so powerful, and I learned this from my dad, is that it's not a matter of really dying with the most toys. It's a matter of along the way, if you can better someone else's life and uplift other people...

and create this team atmosphere where we can actually be successful and find fulfillment together. That's awesome. My son, Benny, has obviously felt that and learned that from me. We have a team of five interns. Alicia is one of them. And we're here trying to teach them what we know, whatever it may be. She may not

you actually end up in finance. It seems to be somewhere where she's headed. But at the end of the day, the things that we learn along the way about relationships, about honesty, about networking, about opportunity, about connecting with another person, those are the things that people who already have done this thing, it's like surrounding yourself with people who empower you and not people who envy you and stuff like that. Exactly. Yeah, no, it's very, very essential to that.

you know, a circle that's supportive and, you know, they're ambitious and, you know, have goals of their own.

But yeah, I think it's also important to emphasize that it's not it's a lot easier said than done Like I just mentioned that network and I got it didn't happen just like that. It wasn't like that. It's so certainly Ever since freshman year, I've been like building up to that level right making sure that I'm part of activities on campus You know financial events that happen You know going on coffee chats with coworkers

cold emailing people on LinkedIn, just trying to learn as much as I can from books. YouTube is like one of the biggest resources I've used, especially because I'm a visual learner. So just watching a lot of these videos, reading books,

Also, like, you know, doing well in my academics. I think all of that certainly adds up and contributes and, you know, help me land those internships. So the key is this doesn't happen by accident. We always joke about it. Technical analysis, losing a lot of money doesn't happen by accident.

It happens because you average into a bad trade. Same thing here. So you need to wake up every morning and grind. You need to walk the walk and talk the talk. You need to do the work. We talk about it also in our academy that you'll get out of it what you put into it. It doesn't happen by accident. You can't sit there in your bed, you know, having been out all night doing the

whatever you may be doing and think that the opportunities are going to come knocking on the door. So I think you've done a lot of work. It's really clear that way. And the persistence and confidence is one thing. And it's important, as I said before, that you know what? You may not wake up every day with that confidence, but at the end of the day, if you're not going forward, you're going backward. And that momentum and forward motion, no matter what, do something every day. I know it for me too, because look, life is challenging and we are not, it's not going to be a straight path.

that. And I'm sure for you, there were points, whether it's financially, spiritually, emotionally, or whatever way it is, along the way, you had bumps in the road, there were headwinds and whatnot. But if you're looking, if you keep your eyes on the prize, right, and look, and whether it's even one day that you just don't have it, and your get up and go has got up and left,

And then you reach out to someone else, right? Asking for help. It's another thing I learned from David Meltzer. We kind of feel that we're maybe less than and we're not good enough if our confidence is at highest peak. But at the end of the day, you can go out there and ask for help. You can knock on any door. What is the worst thing that's going to happen is someone's going to say no. Did you have doors you knocked on that people said, I'm sorry, it ain't happening? Yes.

So many. Um, I've even got rejected for applications that I've applied to sophomore, freshman, and junior year. So it's just being persistent, not getting discouraged, um, keeping your eye on the prize and every day waking up with a goal. You know, it's also important to have short-term and long-term goals, right? What are you doing on a daily basis? What is it that you have to achieve? Um,

So I think also just being organized, like I have two, three planners. I have a Google calendar, a physical planner. So it takes a lot of hard work and there's days you're not going to feel like getting up, but it's important to have your goal in mind and just putting your emotions aside. And it's okay, we all have bad days and it's important to also get help and have people, I call it the board of directors, your board of directors, people that you can reach out to and

and know that they're going to be there on your side. That's all. You know what? Look, I've been around for a long time. I have my board of directors. I'm going to call them that going forward. That's great. People who I need help with for my emotional stuff, my spiritual stuff, my financial stuff, and also those days that you wake up and just things are not, the planets are not aligning, right? Life is really challenging. And obviously, and one of the reasons I do what I do is because I've got a sense when COVID came around, I went through lockdowns.

a lot of real challenges, right? I got really sick. I almost died from COVID. And I kind of realized that I needed something. I needed something to motivate me spiritually, emotionally, whatever way to get through this challenges. I literally was hours away from death during COVID. And then I thought of it and I have two young kids and I sort of realized too that

that, you know, life throws lots of different challenges. And what it must be like, look, along the way I had an incredibly privileged background, but I also come from a family that had challenges along the way. My parents are Holocaust survivors. They did not have things as easy along the way. They spent four years in prison. Their whole family was decimated. Yet, and this is something that I learned and has taken me so much farther, is

that I would ask my mother, how did she survive four years in a camp with thousands and millions of people around her dying every day? And she said, one day at a time, I believe it could get better on the other side of this craziness. And it's same thing that happens

with me when COVID came along. It doesn't matter where you come from or who you are at the end of the day. We've seen stories of people, you know, amazing success stories, right? People who came from nothing and have actually built themselves an incredible life full of fulfillment. You don't have to come from something to become something special. Sometimes that spirit,

the resiliency of people who are not handed things. I watched Chris Rock's video the other night, and he was talking about people being spoiled and people learning lessons and what it is like to come from nothing and actually suddenly have something and what it takes in the resiliency and the forward-lookingness to do this. I do what I do on a daily basis because I've sort of gotten this sense, this isn't easy.

Life itself isn't easy. Finding something you love to do isn't easy. Finding relationships, going to school, finding internships, all these things along the way. And my fear is that somebody along the way, you're going to get knocked off the beam. And I would imagine a majority of people who get knocked off the beam don't get back up or don't. They will have missed an opportunity that could have been not only great for them, but

great for us because we will have missed the opportunity who have met them along this journey. That's for me. That's why I come in here every day, whatever's going on, right? Because I don't want to ever miss an opportunity of connecting people to opportunity to help her out or Donnie out or what we're doing here with Nicole and Money News Network. We are trying to network and open up doors and break ceilings and put, create opportunities

opportunities for people to look, I've met so many people in my life, I've had doors closed on me, I've opened other doors for other people, that feeling is exceptional. So I think we're gonna, we'll wrap this up, I think we're gonna do more of these, but at the end of the day, we must acknowledge this isn't an easy road. It doesn't happen by accident. This young lady has done an incredible job, and we're gonna sort of even break it down more for you, because I know I get the question asked more times

then you can imagine, how do I go about this? What do I do if I'm in high school and I don't know what I want to do? Is that a bad thing? If I didn't get into my favorite college, am I going to be a loser? If I'm in college and I'm not sure of my direction, what do I do? Am I afraid to knock on that door? That guy's not going to answer me. Who am I? And all that kind of stuff along the way. What are the study tools I need to learn? How do I actually do this? The step-by-step, walk-to-walk, talk-to-talk breakdown?

So Alicia, thank you so much for what we've done so far. I think we have a lot more to talk about to break it down, but it's clear this is an amazing opportunity to share what I know, connect you with Alicia, who obviously has done it. She's hitting on every piston. She's checked off all the boxes along the way, and we're hoping, if I have anything to do with it, I will support her and raise her up to become her best self and be an amazing person that she is. So we're really happy she's here with us.

on Money News Network. We're thrilled to be here with Einstein. Trade like Einstein and thank you for the date. Boom! That's all I got to say about that. Trade Like Einstein is a production of Money News Network. Trade Like Einstein is hosted by the ever energetic Peter Tuchman. Trade Like Einstein is executive produced by Morgan Lavoie. Thanks so much for listening. Check out moneynewsnetwork.com for more podcasts.