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"Have a game plan and work really hard," with Mitlin Financial Founder Larry Sprung
Episode 117th September 2022 • More Than Work • Rabiah Coon
00:00:00 00:37:22

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This week’s guest is Larry Sprung, founder and wealth advisor.

Larry is the founder of Mitlin Financial and the story of the naming of the firm is a sweet one. His reasons for going into wealth management are a reflection of the values shared in his family and the result of his upbringing. It is his way of serving others through the work he does.

Larry also created the Mitlin Money Mindset podcast. After publishing a blog but wanting to say more in a different way, the podcast was started as an opportunity to share content in a different way. Guests talk about getting into the success mindset and more.

Until recently, Larry served on the national board of the American Foundation for Suicide Prevention. His involvement with the organization began after facing the loss of his wife’s brother. He started out by doing a golf fundraiser and now along with is wife, partners with romance authors for a book fundraiser every May. Through all of the efforts, they have raised over $1.7 million dollars for AFPA.

Peconic Hockey Foundation is another place Larry gives his time and effort. They are bringing hockey and awareness of the sport on the East end of Lang Island with the ultimate goal of building a facility so more families have access to the sport.

Note from Rabiah (Host): 

Listening back during editing, I remembered that was having a major hay fever bout during this episode! Don’t worry, I cut out the coughing fit! This episode coincidentally is being posted during Suicide Prevention Week. The work that the guest Larry and his wife have taken up for this cause is extraordinary. They turned tragedy into action and if you’ve been listening to the podcast for a while you’ll know that this is something I hold dear after my own losses around other circumstances and with regard to my own mental health. I’ve made a modest donation to the Keith Milano Memorial Fund to thank Larry for sharing his story and encourage you to do the same!

TW: mention of suicide

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Find Larry

Facebook: https://www.facebook.com/lawrencesprung 

Mitlin Financial Facebook: https://www.facebook.com/mitlinfinancial 

Instagram: https://www.instagram.com/larry_sprung  

MitlinFinancial Instagram: https://www.instagram.com/mitlinfinancial/ 

LinkedIn: https://www.linkedin.com/in/lawrencesprung/ 

Mitlin Financial LinkedIn: https://www.linkedin.com/company/mitlinfinancial/ 

Twitter: https://twitter.com/Lawrence_Sprung 

Mitlin Financial Twitter: https://twitter.com/MitlinFinancial

Podcast: mitlinmoneymindset.com

Podcast Twitter: https://twitter.com/MitlinMoney 

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Mentioned in this episode:

American Foundation for Suicide Prevention: https://afsp.org/ 

Keith Milano Memorial Fund: https://keithmilano.org/ 

To Write Love on Her Arms: https://twloha.com/ 

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More than Work Facebook, Instagram, Twitter: @morethanworkpod Please review and follow anywhere you get podcasts. Thank you for listening. Have feedback? Email morethanworkpod(at)gmail.com!

Transcripts

Rabiah (Host):

This is More Than Work, the podcast reminding you that your self worth

Rabiah (Host):

is made up of more than your job title.

Rabiah (Host):

Each week, I'll talk to a guest about how they discovered that for themselves.

Rabiah (Host):

You'll hear about what they did, what they're doing and who they are.

Rabiah (Host):

I'm your host, Rabiah.

Rabiah (Host):

I work in IT, perform standup comedy, write, volunteer, and of course podcast.

Rabiah (Host):

Thank you for listening.

Rabiah (Host):

Here we go!

Rabiah (Host):

This week, my guest is Larry Sprung.

Rabiah (Host):

He's a founder and wealth advisor.

Rabiah (Host):

Thanks for being on Larry.

Larry Sprung:

All right.

Larry Sprung:

Thanks for having me, Rabiah.

Larry Sprung:

I appreciate it.

Rabiah (Host):

Yeah, definitely.

Rabiah (Host):

And where am I talking to you from today?

Larry Sprung:

Yeah.

Larry Sprung:

So, uh, our office and I live on Long Island which is the

Larry Sprung:

Eastern most tip of New York.

Larry Sprung:

And, uh, we're out here about 55 miles outside of New York City.

Rabiah (Host):

Nice.

Rabiah (Host):

Yeah, it's a great, it's a great area.

Rabiah (Host):

Just New York in general, but it's kind of nice to be out of the city probably.

Larry Sprung:

Yeah, it's nice to be outta the city.

Larry Sprung:

And it's nice to be in this area, especially as we enter the

Larry Sprung:

summertime because uh, a lot of beaches, it's a good place to be.

Larry Sprung:

And no snow like the winter

Rabiah (Host):

Yeah.

Rabiah (Host):

yeah, exactly.

Rabiah (Host):

I know.

Rabiah (Host):

We're all.

Rabiah (Host):

I'm in London and it, it kind of.

Rabiah (Host):

It became all seasons this weekend.

Rabiah (Host):

So it was kind of fun for the, the Queen's Jubilee.

Rabiah (Host):

It was really nice.

Rabiah (Host):

And now it's over.

Rabiah (Host):

So now the sun's over it's

Larry Sprung:

there you go.

Larry Sprung:

It

Rabiah (Host):

we're concluding . Yeah.

Rabiah (Host):

So first of all, let's just talk about what you founded and what

Rabiah (Host):

you're doing as a wealth advisor.

Rabiah (Host):

So you founded Mitlin Financial.

Rabiah (Host):

And so can you talk a little bit about what you do there, and also, I know in

Rabiah (Host):

your first episode of your podcast, you tell the full story of how you named it.

Rabiah (Host):

But if you wanna talk a little bit about that too, it's a pretty nice story.

Larry Sprung:

I appreciate that, Rabiah.

Larry Sprung:

Yeah.

Larry Sprung:

So I'll kind of start there.

Larry Sprung:

So in 2004, I launched Mitlin Financial and one of, one of the things and one

Larry Sprung:

of the most common asked questions and it's kind of funny cuz being in financial

Larry Sprung:

services, people think that, you know, the most widely asked question is how

Larry Sprung:

much money do I need to retirement or do I have enough money to retire?

Larry Sprung:

And our most asked question is where the heck did the Mitlin name come from?

Larry Sprung:

Because, your last name's not Mitlin and nobody there is named Mitlin.

Larry Sprung:

So it's an interesting story and it's more or less a mashup of uh,

Larry Sprung:

M I T was my wife's grandfather Mitchell, and L I N was my mom, Linda.

Larry Sprung:

You know, they passed away literally within hours of each other.

Larry Sprung:

And then my wife and I met each other.

Larry Sprung:

We didn't even know each other.

Larry Sprung:

We met each other after, like within a couple of months after their passing

Larry Sprung:

and we were, you know, just talking as you normally do as a new couple.

Larry Sprung:

And we were kind of reconciling where we were and what we were doing and it, we

Larry Sprung:

put it all together and it turns out that these two individuals passed away within

Larry Sprung:

a very short period of time of each other.

Larry Sprung:

And when we were looking at starting the firm and naming the firm, you know, it

Larry Sprung:

was looking at my mom, she battled breast cancer for about 13 or 14 years and,

Larry Sprung:

and lost her battle at the age of 47.

Larry Sprung:

And she was probably one of the strongest people I knew.

Larry Sprung:

One of the you know, most positive attitudes I've ever seen.

Larry Sprung:

And she was just really well liked.

Larry Sprung:

And had great, you know, values and, and just really a, a good human

Larry Sprung:

being and learned a lot from her.

Larry Sprung:

And my wife's grandfather was a a veteran New York city police

Larry Sprung:

officer, similar in nature.

Larry Sprung:

He was a type of guy that when the ice cream man came down to block, he

Larry Sprung:

would buy the whole block ice cream, you know, whether he knew you or not.

Larry Sprung:

And, you know, we thought that what a great way to honor these two great

Larry Sprung:

people and have a firm that represents their values as ours and look to

Larry Sprung:

build a practice where we work with families that are similar in nature

Larry Sprung:

and similar with those core values.

Larry Sprung:

And that's what we did.

Larry Sprung:

So.

Larry Sprung:

We're essentially a wealth management firm.

Larry Sprung:

We help people become and remain financially independent.

Larry Sprung:

We do that through working with them to design and develop a financial plan and

Larry Sprung:

help them manage that plan over time, which may include their investments,

Larry Sprung:

budgeting and things of that nature.

Larry Sprung:

Because you know, if you're looking to build wealth and retire one day and

Larry Sprung:

potentially live without a paycheck from a job, you have to create that

Larry Sprung:

wealth and you need a plan to get there.

Larry Sprung:

So we help people start formulating that plan early on and execute it over time.

Rabiah (Host):

And so how did you get into that aspect of like wealth

Rabiah (Host):

management, financial management versus other areas of finance?

Rabiah (Host):

What was your path there?

Larry Sprung:

Yeah.

Larry Sprung:

So again, I think that roots back to my upbringing and, and seeing

Larry Sprung:

what happened in my own family.

Larry Sprung:

You know, growing up, I was not, we were not rich.

Larry Sprung:

We weren't poor.

Larry Sprung:

We were, you know, probably a, a middle class family.

Larry Sprung:

And I watched my dad, you know, basically balancing working as a teacher

Larry Sprung:

full time, having a business on top of that in order to make ends meet.

Larry Sprung:

And then when my mom was diagnosed very early on with her illness,

Larry Sprung:

watching him that juggle that too.

Larry Sprung:

And one of the things that kind of you know, left a, a mark on me was the fact

Larry Sprung:

that he did not have a financial advisor.

Larry Sprung:

And I, I will say that, you know, having a financial advisor would not have

Larry Sprung:

mitigated or gotten rid of the problems that my mom had, but I think it would've

Larry Sprung:

helped him ha in having somebody to help him navigate some of the financial

Larry Sprung:

hurdles and obstacles that he saw during that time, if he had an advisor

Larry Sprung:

to help walk him through that, I think it would've been very helpful to him.

Larry Sprung:

So when I was thinking about what I wanted to do and where I wanted to be,

Larry Sprung:

I was always kind of philanthropic.

Larry Sprung:

I wanted to have a, a career that was gonna be meaningful and help people.

Larry Sprung:

And, you know, further on when I went into college, I had an opportunity intern

Larry Sprung:

at a major brokerage firm at that time.

Larry Sprung:

And it just, it, it hit me that this is where I wanted to be.

Larry Sprung:

I felt it was a great career where I could help people.

Larry Sprung:

Help them reach their goals and work towards their goals.

Larry Sprung:

And it would be something that was rewarding and something

Larry Sprung:

that I could get a lot from.

Larry Sprung:

And, you know, the families we're serving today in some respects

Larry Sprung:

we're serving their second and third generations of those families.

Larry Sprung:

And it, it is just a rewarding career to help people and watch their progression

Larry Sprung:

and be able to start with a family.

Larry Sprung:

Watch their kids go to college and, and you having an integral part in

Larry Sprung:

helping that savings plan, or seeing them get married or buy a house.

Larry Sprung:

You know, these are all great events.

Larry Sprung:

And quite frankly, there are the other side, right?

Larry Sprung:

There's the illness and, and the the early death or disability.

Larry Sprung:

And we have to deal with that too.

Larry Sprung:

Not as pleasant, but at the same time, we can feel very proud with the families

Larry Sprung:

that we serve knowing that they were hopefully prepared much better off

Larry Sprung:

because of the planning we did for those, you know, not so great events too.

Larry Sprung:

So, you know, again, it rooted from when I was a kid, it was an area

Larry Sprung:

that that was of interest to me.

Larry Sprung:

And it, it was, it was something that I felt I could have a

Larry Sprung:

long career, very rewarding.

Larry Sprung:

And it, it stuck, you know, I've been in the business since let's say

Larry Sprung:

'96 when I first started and left college and haven't looked back since.

Rabiah (Host):

Nice.

Rabiah (Host):

Yeah, that's great.

Rabiah (Host):

And it's, it's nice to be, I mean, service is a big part of my life and just thinking

Rabiah (Host):

about what I do and how it can serve others, even in my corporate roles, like

Rabiah (Host):

how can I serve my, my peers and stuff?

Rabiah (Host):

And so I think it's, it's cool to have that aspect and you've

Rabiah (Host):

been recognized too, right?

Rabiah (Host):

You've re received a few awards for your work that you've done and your

Rabiah (Host):

company and yourself like the 40, under 40 list for the Long Island

Rabiah (Host):

Business News and things like that.

Rabiah (Host):

Can you talk about kind of how that feels for you?

Rabiah (Host):

Because sometimes if you're a service minded person, it's also

Rabiah (Host):

hard to get recognition, you know,

Larry Sprung:

mm-hmm yeah, I mean, listen recognition is great.

Larry Sprung:

And if you could be recognized as a 40, under 40 by Long Island Business News, or

Larry Sprung:

we were 2021, we were one of the top 100 investment advisors with Investipedia.

Larry Sprung:

It's all good.

Larry Sprung:

And the recognition is nice to have your peers or organizations

Larry Sprung:

recognize the contributions you made.

Larry Sprung:

But, you know, for me, it's really, I, it's not about me.

Larry Sprung:

It's about my entire team and the stakeholders that are here and part of

Larry Sprung:

Mitlin Financial, because if it wasn't for them and all the hard work that they

Larry Sprung:

did, I wouldn't even have an opportunity to be considered for those roles.

Larry Sprung:

So, you know, it's really a team effort that has allowed us to be recognized

Larry Sprung:

and, you know, it's just nice, cuz we, you know, I feel like recognition

Larry Sprung:

is enough when we work with a family and they thank us for helping them

Larry Sprung:

towards a specific goal or helping them through a specific time of their life.

Larry Sprung:

And that's just like an extra, you know, icing on the cake when we get that

Larry Sprung:

recognition from outside the company.

Rabiah (Host):

Yeah, for sure.

Rabiah (Host):

I'm sure it is.

Rabiah (Host):

And yeah, it's funny cuz I never, like, I never did the whole

Rabiah (Host):

financial advising thing for myself.

Rabiah (Host):

I just kind of always do whatever I do with my money and make decisions

Rabiah (Host):

that probably aren't great.

Rabiah (Host):

But I think I learned a lot when I finally worked with one for a

Rabiah (Host):

little while, at least cause that I was able to achieve a goal.

Rabiah (Host):

And do you find that people sometimes come to you, you guys and think, I

Rabiah (Host):

don't even know how I'm gonna make this happen, but this is what I want.

Rabiah (Host):

And how do you kind of help people build confidence in themselves?

Larry Sprung:

Yeah, I, I think the biggest, you know, one of

Larry Sprung:

the biggest hurdles or challenges that we have is people getting to

Larry Sprung:

the point of understanding that they need somebody to help them

Larry Sprung:

through this portion of their life.

Larry Sprung:

It's just one of those areas that most of us inherently don't have,

Larry Sprung:

you know, the tools or the knowledge in order to navigate through it

Larry Sprung:

and, and get, you know, get the results that we essentially want.

Larry Sprung:

So that's typically the first challenge.

Larry Sprung:

And I think the second one is people are a little fearful of

Larry Sprung:

what they're going to hear, whether it's gonna be positive or negative.

Larry Sprung:

And I, I think the third piece is a lot of folks don't even understand

Larry Sprung:

what an engagement looks like or what they should expect to get

Larry Sprung:

out of working with an advisor.

Larry Sprung:

So, you know, one of the things that we do to kind of dispel that is we always

Larry Sprung:

start out with a potential client uh, with a, what we call "is there a fit?"

Larry Sprung:

meeting and really it's to determine what they're looking to

Larry Sprung:

accomplish what they're looking to get out of an engagement with us.

Larry Sprung:

And then also at the same time, tell them how we work with families that we serve

Larry Sprung:

in order to see if there's a baseline inherently that makes sense for us to

Larry Sprung:

move forward and work together because we don't wanna work with folks that don't

Larry Sprung:

have problems or issues that are in our wheelhouse that we could effectively

Larry Sprung:

work through and help them solve.

Larry Sprung:

You know, they may come to us thinking that they need to solve X

Larry Sprung:

and that may not be in our wheelhouse.

Larry Sprung:

So we might be able to refer them to some, someone to help them.

Larry Sprung:

But I think the important thing is number one, recognizing that you need the help.

Larry Sprung:

Two, understanding what we're going to do and what we're not gonna do.

Larry Sprung:

And finding an advisor, who's a fiduciary, who's gonna act in your

Larry Sprung:

best interest, always to work with.

Larry Sprung:

I think those are three key factors.

Larry Sprung:

And then everything else could be worked out and, you know, it

Larry Sprung:

depends on what you're looking for.

Larry Sprung:

If you don't, maybe you don't know.

Larry Sprung:

You know, if you have 30, 40 years until retirement, you may not know exactly

Larry Sprung:

what you want retirement to look like, but here here's where the benefit

Larry Sprung:

of working with an advisor comes in.

Larry Sprung:

At least you could start with whatever the game plan is today.

Larry Sprung:

And once you have that information and you have that kind of in a plan, as

Larry Sprung:

your life changes, it's easy to update and amend it and keep it moving in the

Larry Sprung:

direction that you're going, and allow the advisor to help advise you along

Larry Sprung:

those different stops along the way.

Larry Sprung:

If you don't, you know, you might find yourself five, 10 years away

Larry Sprung:

from retirement, and now all of a sudden you have a good handle on what

Larry Sprung:

you want retirement to look like.

Larry Sprung:

But two things, one, you don't have a much, you don't have as much time on

Larry Sprung:

your side at that point, number one.

Larry Sprung:

And number two, now, you have to basically engage with an advisor

Larry Sprung:

and give them a lot more information than you would have if you started

Larry Sprung:

longer before and kind of worked with them incrementally along the way.

Larry Sprung:

So, you know, we, we always say we would rather work with folks earlier,

Larry Sprung:

cuz it gives us the ability to help you a lot more because you have more

Larry Sprung:

time to make meaningful changes.

Larry Sprung:

And it also helps us guide you along the way, because you only know what you

Larry Sprung:

know, and if something comes up and you don't have us, you may make a decision.

Larry Sprung:

It may be in your best interest that may not.

Larry Sprung:

But if you have us as part of your team, you give us a call and we can tell you,

Larry Sprung:

we may not be able to tell you inherently that A is the right choice over B, but we

Larry Sprung:

can definitely lay out options that, Hey, if you do a, this is gonna, how you know,

Larry Sprung:

this is how the pros and cons look like.

Larry Sprung:

And if you do B, this is what the pros and cons ultimately, it's your decision.

Larry Sprung:

It's your money?

Larry Sprung:

It's your hard earned effort.

Larry Sprung:

But we're just here to kind of give you a taste from our experience, as far

Larry Sprung:

as what we see as the pros and cons of those various choices that you make.

Larry Sprung:

So the earlier you start with somebody the better, but it's key to find a fiduciary.

Larry Sprung:

Don't find a salesman or a broker who's just gonna sell your products

Larry Sprung:

to solve a problem and get them paid.

Larry Sprung:

You wanna find somebody who's gonna act in your best interest.

Rabiah (Host):

Yeah, no, that makes sense.

Rabiah (Host):

And yeah, the get rich quick kind of things and do these two

Rabiah (Host):

steps and you're a millionaire.

Rabiah (Host):

Those kind of things get kind of, kind of weird.

Rabiah (Host):

I'll get in inquiries for the podcast where people will say, oh, I'm gonna

Rabiah (Host):

make your listeners millionaires.

Rabiah (Host):

And I'm like, you're not, cuz you're not gonna talk to them.

Larry Sprung:

Yeah, nothing.

Larry Sprung:

First of all, nothing works for any everybody, right?

Larry Sprung:

So when, when I hear folks who are talking about it, if you do this, if you're

Larry Sprung:

anybody and you do this, it will work.

Larry Sprung:

That's not true.

Larry Sprung:

And no advice is right for everybody typically across the board, you know.

Larry Sprung:

I think that's a fallacy and the reality is.

Larry Sprung:

You know, if there was a way to quote unquote, get rich

Larry Sprung:

quick everybody be doing it.

Larry Sprung:

The reality is the only way to build wealth is to be smart about it.

Larry Sprung:

Be mindful about it, have a game plan and work really hard to do it.

Rabiah (Host):

Yeah, no, I agree.

Rabiah (Host):

And speaking of just kind of having your mindset on it, you have a

Rabiah (Host):

podcast called Mitlin Money Mindset.

Rabiah (Host):

So how did you decide to do a podcast?

Rabiah (Host):

I mean, I'm on, I'm doing a podcast.

Rabiah (Host):

I recognize that.

Rabiah (Host):

So , we're, we're doing them, but how did you decide to do yours?

Larry Sprung:

Yeah.

Larry Sprung:

So I mean, it, it came down to a couple of things.

Larry Sprung:

Number one is, you know, I like communicating with people and

Larry Sprung:

I like putting out content and conversations and, and talking about

Larry Sprung:

slash writing about different topics.

Larry Sprung:

And quite frankly, I used to do a blog for a very long time

Larry Sprung:

and it took a lot of effort.

Larry Sprung:

Um, I'm just not a person who likes to write as much as I like

Larry Sprung:

to speak and have conversations.

Larry Sprung:

So, I saw it as a method to kinda add to the content that we put

Larry Sprung:

out as an organization and you know, utilize it as a tool to

Larry Sprung:

either enhance what we're currently doing, cause some people are more.

Larry Sprung:

Inclined to read a blog.

Larry Sprung:

Some people may be more inclined to listen to our podcast and some people

Larry Sprung:

may never look, listen to our podcast, but all of a sudden we have one great

Larry Sprung:

guest that they're interested in hearing and they may you know, start listening.

Larry Sprung:

So I just wanted to use it as a tool and what it's really turned into is

Larry Sprung:

a podcast that's really about getting your mind right about all things money.

Larry Sprung:

And bringing on engaging guests, who I find interesting that I really wanna

Larry Sprung:

have conversations with and kind of drill down into, you know, how money has helped

Larry Sprung:

them or hurt them and find out, you know, you know, how they're building their

Larry Sprung:

business and how they're an entrepreneur.

Larry Sprung:

Or maybe mental health related.

Larry Sprung:

Or I have athletes.

Larry Sprung:

So they're really interesting people to me, and I wanna share

Larry Sprung:

those conversations to the world.

Larry Sprung:

And, you know, we, we bring a whole lot of joy as I like to say along

Larry Sprung:

the way, because our, our signature question, if you will, at the end of

Larry Sprung:

every show, is "what did you do today that brought you joy and, and put you

Larry Sprung:

in the right mindset for success?"

Larry Sprung:

And that's what it's all about.

Larry Sprung:

We wanna have joyful experiences and, and be successful at the same.

Rabiah (Host):

Nice.

Rabiah (Host):

Yeah, that's great.

Rabiah (Host):

And is that, is your podcast weekly or how often does it come out?

Rabiah (Host):

If people wanna.

Larry Sprung:

Yeah, we are weekly.

Larry Sprung:

We release a new show every Wednesday.

Larry Sprung:

We're gonna be celebrating our hundredth episode in September of 2022.

Larry Sprung:

So, you know, we're gonna be shortly two years after that and we're, we're excited.

Larry Sprung:

It's we've had some great guests and very interesting topics thus

Larry Sprung:

far and even more so to come.

Rabiah (Host):

Yeah.

Rabiah (Host):

Super.

Rabiah (Host):

Yeah.

Rabiah (Host):

And we're about the same as far as our episode count and stuff.

Rabiah (Host):

That's cool.

Rabiah (Host):

And it's, it's a lot of work, but it's worth it cause you get to talk to talk

Rabiah (Host):

to cool people like, like I'm doing now.

Rabiah (Host):

So.

Larry Sprung:

you go.

Larry Sprung:

Yeah,

Rabiah (Host):

Uh, um, so

Rabiah (Host):

As far as what you do outside of work, and I think that's what resonated

Rabiah (Host):

with me the most was was that for this podcast in particular, but you

Rabiah (Host):

are very active in mental health.

Rabiah (Host):

You've been on the National Board of the American Foundation

Rabiah (Host):

for Suicide Prevention.

Rabiah (Host):

Can you talk a little bit about your work there and how you got into that?.

Larry Sprung:

Yeah.

Larry Sprung:

So, I mean, essentially it dates back to, you know, almost the

Larry Sprung:

same time that I launched my firm.

Larry Sprung:

So as I said earlier, I launched my firm in October of 2004.

Larry Sprung:

In September of 2004.

Larry Sprung:

I lost my brother-in-law to suicide, Keith Milano.

Larry Sprung:

And uh, that he was my wife's brother.

Larry Sprung:

And you know, there was some conversation about whether or not I was going to hold

Larry Sprung:

off on launching my firm, but I decided, and, you know, with the support of my

Larry Sprung:

family and, and my wife, Keith's sister,

Larry Sprung:

we decided to go ahead and, and launch it.

Larry Sprung:

So we lost him in September of 2004.

Larry Sprung:

And it was really an eyeopening experience for me because I had never

Larry Sprung:

lost somebody close to me to suicide.

Larry Sprung:

You know, he definitely had, you know, issues.

Larry Sprung:

He was diagnosed as bipolar.

Larry Sprung:

You know, it wasn't like this was a complete shock in terms of, you know,

Larry Sprung:

losing him because we knew that there was an underlying condition, et cetera.

Larry Sprung:

And my wife and I were very supportive of him.

Larry Sprung:

And I had spoken to him the night before we lost him so we

Larry Sprung:

had, we had spoken on the phone.

Larry Sprung:

My wife used to go to appointments with him.

Larry Sprung:

So it really spurred this need or desire to help more.

Larry Sprung:

And you know, one of the things I was always, as I mentioned earlier,

Larry Sprung:

I I've been always philanthropic.

Larry Sprung:

After losing my mom at a very early age, a lot of my efforts were to breast cancer

Larry Sprung:

because that's what we lost her from.

Larry Sprung:

And after losing my brother-in-law, I started looking at the statistics and

Larry Sprung:

basically we, at that time we lost almost.

Larry Sprung:

Exact same number of folks to breast cancer as we did to suicide.

Larry Sprung:

But if you looked at the funding breast cancer got an enormous amount

Larry Sprung:

of money and suicide prevention, mental health got a fraction of it.

Larry Sprung:

So I made a concerted effort to start putting my efforts behind

Larry Sprung:

mental health and suicide prevention.

Larry Sprung:

Essentially we started a golf outing and started raising money that way.

Larry Sprung:

To date now, it's morphed and we do a a book fundraiser every may

Larry Sprung:

for mental health awareness month.

Larry Sprung:

We have an awesome group of romance authors that donate a

Larry Sprung:

portion of their proceeds from their book sales for the month of May.

Larry Sprung:

And this year we had about 40 authors partake.

Larry Sprung:

We don't have the final numbers in yet for 2022 but we're gonna be

Larry Sprung:

announcing that in the coming weeks as those total start coming in.

Larry Sprung:

And over that the last 17 years or so my wife and I, with the help of this

Larry Sprung:

great community, the romance community, all the folks that helped support the

Larry Sprung:

golf outing when we had it, we we've raised in excess of about 1.7 million

Larry Sprung:

for the American Foundation for Suicide Prevention which is held at the Keith

Larry Sprung:

Milano Memorial Fund, which is a memorial fund that we set up at AFSP.

Larry Sprung:

If you wanna kind of learn more about his story and why we do what we do, if you go

Larry Sprung:

to Keith Milano dot org (keithmilano.org), His entire story's there.

Larry Sprung:

And I, you know, also in addition to the fundraising, I also spent

Larry Sprung:

about 12 to 14 years on the the national board for the American

Larry Sprung:

Foundation for Suicide Prevention.

Larry Sprung:

I just rolled off recently because I hit my term limit and actually

Larry Sprung:

the term limits were something I helped install in the organization

Larry Sprung:

in order to keep things fresh.

Larry Sprung:

I still sit on the finance and investment committee and I'm very involved.

Larry Sprung:

And I will tell you .We've become de facto resources for folks.

Larry Sprung:

We get emails, texts you know, messages through social media, asking if we

Larry Sprung:

could assist, if we have you know, resources for certain folks and we've

Larry Sprung:

become a defacto resource to a lot of people out there and even more important

Larry Sprung:

than the money, the money's great.

Larry Sprung:

And we've done some great things with it.

Larry Sprung:

You know, I know for a fact that we've saved lives and we've helped people,

Larry Sprung:

which, far outweighs any money that we could ever raise, knowing that

Larry Sprung:

we've helped save lives along the way.

Rabiah (Host):

Mm-hmm . Yeah, it's it's I didn't know that about the

Rabiah (Host):

funding for breast cancer versus this, but that's an interesting statistic.

Rabiah (Host):

And, I think there's been different ways people have talked about

Rabiah (Host):

mental health and suicide in that time, like since 2004 until now.

Larry Sprung:

Oh, it's changed quite a bit.

Larry Sprung:

Yes.

Rabiah (Host):

Yeah.

Rabiah (Host):

And

Rabiah (Host):

I think, yeah, yeah, yeah.

Rabiah (Host):

That should be said yes.

Rabiah (Host):

For the good.

Rabiah (Host):

It hasn't like people haven't become more cavalier about it,

Rabiah (Host):

but did you notice anything just in your work during the pandemic?

Rabiah (Host):

I mean, that was a big time of change in coming out of it.

Rabiah (Host):

I think there was more awareness of mental health in general

Rabiah (Host):

because people experienced issues that had never experienced them

Rabiah (Host):

before, just cuz of the new times.

Rabiah (Host):

And have you heard any stats or anything like that kind of made you more like,

Rabiah (Host):

yes, this is what I need to be doing even other than your brother-in-law,

Rabiah (Host):

but just helping people in general.

Larry Sprung:

So, I mean the stats, they, they only publish stats about suicide

Larry Sprung:

rates and how many folks we lose usually annually, which is around November.

Larry Sprung:

So the stats for 2021 won't come out till the end of 2022.

Larry Sprung:

The numbers that did come out at the end of 2021 for 2020 actually showed

Larry Sprung:

a reduction in in suicide rates which is kind of counterintuitive because

Larry Sprung:

if you listen to the news and the radio and all, all the media, you

Larry Sprung:

know, they're leading you to believe that there probably would've been a

Larry Sprung:

spike in 2020 due to the pandemic.

Larry Sprung:

So, you know, I think people are waiting to see what the 2021 numbers look like

Larry Sprung:

to see if there's, you know, a, a longer version of this, where we see a spike

Larry Sprung:

or if there's a continued decline.

Larry Sprung:

And I think there is at this point, an expectation that there is actually

Larry Sprung:

gonna be a continued decline.

Larry Sprung:

I, I think what you're seeing, and this is just merely my opinion- I'm

Larry Sprung:

not a medical doctor or a researcher by any stretch of the imagination.

Larry Sprung:

But I think over the last 17 years, you've heard a lot more about mental

Larry Sprung:

health, a lot more about suicide.

Larry Sprung:

And I don't think that suicide is more common, or mental

Larry Sprung:

health issues are more common.

Larry Sprung:

I think we're hearing and talking about it more.

Larry Sprung:

So it kind of gives you the impression that you feel about it.

Larry Sprung:

Remember when my brother-in-law passed away 17 years, there was really no

Larry Sprung:

social media, you know, 17 years ago, it really didn't exist back then.

Larry Sprung:

There wasn't a platform for everyday people that say they were struggling

Larry Sprung:

or they had issues or talk about what was going on in the news.

Larry Sprung:

So I think we're hearing about it a lot more which is good because I

Larry Sprung:

think the more we have conversations about it, the more we speak about it,

Larry Sprung:

the more we normalize it, the more encouraging it is for those that are

Larry Sprung:

suffering or feeling like they're having an issue with a bout of depression or

Larry Sprung:

anxiety will feel comfortable enough to come forward and, and seek the

Larry Sprung:

treatment or the help that they need.

Larry Sprung:

I think to some degree, some people have a misconception that if

Larry Sprung:

you ask for help that you may need help for the rest of your life.

Larry Sprung:

And that, that may not be the case.

Larry Sprung:

You know, there are plenty of situations that I've seen personally and in those

Larry Sprung:

that I know and are connected with where there might be a specific period

Larry Sprung:

of your life where there's a high level of anxiety and a couple of things

Larry Sprung:

may be happening all at once and may be leading you to some issues that

Larry Sprung:

you need to talk to somebody about.

Larry Sprung:

And it may just be one of these things where you have to talk it out

Larry Sprung:

for a couple of months and then you move on and you're over that period.

Larry Sprung:

I think that just normalizing it and, and encouraging people to have these

Larry Sprung:

conversations is, is excellent and the more people start sharing stories, I

Larry Sprung:

think enables that type of conversation and enables people to say, Hey, oh,

Larry Sprung:

I didn't realize you had an issue.

Larry Sprung:

You know, I do too, and you got help and you got better.

Larry Sprung:

Maybe I should try that too.

Larry Sprung:

And I think the more we do that, the better off we'll be.

Larry Sprung:

And a lot of that didn't exist 17 years ago.

Larry Sprung:

There's been a huge, huge change in that regard.

Larry Sprung:

And my wife and I say from time to.

Larry Sprung:

When we see something going on or we see somebody talking about it, we'll say,

Larry Sprung:

you know, kind of tongue in cheek, we, we wonder what, what would've happened.

Larry Sprung:

If my brother-in-law was around today and felt the more normalized to have these

Larry Sprung:

conversations, because he was always of the ilk at that time, you know, nobody

Larry Sprung:

was talking about it and he is like, nobody understands what I'm going through.

Larry Sprung:

They just, they just don't get it.

Larry Sprung:

And I think today people get it more than certainly more than they did 17 years.

Rabiah (Host):

Mm-hmm . Yeah, completely.

Rabiah (Host):

I mean, I, I had it on this podcast the first season, cause I've made

Rabiah (Host):

seasons just to give myself a break.

Rabiah (Host):

Every once in a while really is the only reason a guy Chad Moses

Rabiah (Host):

from To Write Love on Her Arms.

Rabiah (Host):

And they were the first organization that came to my

Rabiah (Host):

attention when I was struggling.

Rabiah (Host):

And I hid, I hid depression from my family for about eight years,

Rabiah (Host):

as well as you can hide it.

Rabiah (Host):

I mean, you can only hide these things so well, just cuz of the shame around . It.

Rabiah (Host):

And then when I was able to talk about it...

Rabiah (Host):

now, it's like, I can just say how I'm feeling and it's okay.

Rabiah (Host):

But being in my twenties, going through that, it was a lot different.

Rabiah (Host):

And so I do think that things have improved now to the point where, where

Rabiah (Host):

people are talking about it more and yeah.

Rabiah (Host):

Normalizing and sharing the stories.

Rabiah (Host):

I mean, one reason I have the podcast is to share stories.

Rabiah (Host):

Right.

Rabiah (Host):

But,

Larry Sprung:

Yeah.

Larry Sprung:

I mean, we, listen, we still have a long ways to go.

Larry Sprung:

We're definitely in a much better position.

Larry Sprung:

And you know, the only thing I could say is I encourage any of the parents

Larry Sprung:

out there that might be listening, you know, start having these conversations

Larry Sprung:

with your kids at a very early age.

Larry Sprung:

Now, you're not gonna have the same conversation with a five year old that

Larry Sprung:

you are an 18 year old, but you can start having these conversations at earlier

Larry Sprung:

ages, making it normal for them because then when they hit that period, if they

Larry Sprung:

hit that skid or they hit that issue that they you know, are having trouble

Larry Sprung:

with, they'll be able to come forward and have a conversation with you or somebody

Larry Sprung:

else about it and hopefully get on the other side of it without any you know,

Larry Sprung:

ill ill circumstances taking place.

Rabiah (Host):

Yeah, it's great advice.

Rabiah (Host):

So a, another area that you work in too, is the Peconic.

Rabiah (Host):

I hope I said it right.

Rabiah (Host):

Peconic Foundation

Larry Sprung:

Yeah.

Larry Sprung:

Peconic Yeah.

Rabiah (Host):

Nice.

Rabiah (Host):

And so what do you do with them and how, and what's hockey mean to you?

Larry Sprung:

Yeah.

Larry Sprung:

First of all, I'm a big hockey guy.

Larry Sprung:

I'm a big hockey family.

Larry Sprung:

I grew up playing through college.

Larry Sprung:

My two boys play still today.

Larry Sprung:

One's in college and one's in prep school in Minnesota.

Larry Sprung:

They both play hockey at p retty high levels.

Larry Sprung:

So hockey's meant a lot to me.

Larry Sprung:

And there came an opportunity to get involved with the

Larry Sprung:

Peconic Hockey Foundation.

Larry Sprung:

And what they're all about is just raising awareness and bringing hockey

Larry Sprung:

to the east end of Long Island.

Larry Sprung:

Essentially where I am located more or less is the Eastern most

Larry Sprung:

hockey rink that there is on Long Island and you could probably go out

Larry Sprung:

another 50 or 60 miles from here.

Larry Sprung:

So there's a lot of opportunities being missed because kids either aren't taking

Larry Sprung:

up the sport because it's too hard and there's no nobody around to show them

Larry Sprung:

or a rink for them to go to, or if they are playing, they have to, you know, the

Larry Sprung:

families have to drive long distances.

Larry Sprung:

So we're, you know, we're doing significant amount of fundraising

Larry Sprung:

to try to RA raise awareness about what's going on in the East end try to

Larry Sprung:

build up a hockey program out there.

Larry Sprung:

And then the ultimate goal is to build a a facility on the East

Larry Sprung:

end to long island that would.

Larry Sprung:

Be able to be used by uh, families that are looking to play hockey and who are

Larry Sprung:

located out there to make their life easier so they don't have to travel,

Larry Sprung:

you know, perhaps an hour each way, just to to go to practice a few a week and

Larry Sprung:

make it a little bit easier for them.

Rabiah (Host):

Hmm.

Rabiah (Host):

Nice.

Rabiah (Host):

Yeah, that's great.

Rabiah (Host):

And yeah.

Rabiah (Host):

And sports are so important for kids and I know hockey's a big one and especially

Rabiah (Host):

in that part of the country too, so

Larry Sprung:

Yeah, we wanna make the sport, you know, more

Larry Sprung:

accessible for as many kids that wanna play should be able to play.

Larry Sprung:

Unfortunately it's not necessarily the case due to cost due to

Larry Sprung:

geographic location, et cetera.

Larry Sprung:

So I'm just trying to do a little, little bit to to make that those barriers a

Larry Sprung:

little bit lower and grow the game.

Larry Sprung:

I think it's a great sports given me a lot of lot of life lessons,

Larry Sprung:

a lot of opportunities in life.

Larry Sprung:

I've done a lot of things and met a lot of people because of hockey and

Larry Sprung:

my kids have had the same experiences.

Larry Sprung:

And it's just a, a way to give back in, in a little way.

Rabiah (Host):

Nice.

Rabiah (Host):

That's great.

Rabiah (Host):

So one thing I like to ask guests is just, do you have any advice

Rabiah (Host):

or mantra that you like to share?

Rabiah (Host):

I mean, you've already given some advice, but sometimes people have

Rabiah (Host):

something that they like to tell people.

Larry Sprung:

Yeah, so, I mean, I, I think that the, the one thing I would leave with

Larry Sprung:

your listeners is one thing that I talk about a lot, which is pay yourself first.

Larry Sprung:

And what I mean by that is I think a lot of us get hung up,

Larry Sprung:

you know, with life, with working.

Larry Sprung:

And what we do is we get our paycheck and immediately we're looking at what bills

Larry Sprung:

we have to pay and kind of paying them.

Larry Sprung:

And we have a tendency to then look at what's left over and then utilized that

Larry Sprung:

for ourselves, whether it be saving, retirement, discretionary spending.

Larry Sprung:

However, however you wanna kind of slice that up.

Larry Sprung:

And I think we have to put that on its head a little bit and, and get into

Larry Sprung:

a mindset of paying ourselves first.

Larry Sprung:

So, you know, if you read for example, The Richest Man in Babylon, that

Larry Sprung:

book talks about paying yourself 10% and paying yourself first.

Larry Sprung:

So if you get in the habit of paying yourself 10% first, whether that be

Larry Sprung:

to your retirement account savings, however, and then utilizing the

Larry Sprung:

remaining 90 to pay those bills you know, you'll end up learning to live within.

Larry Sprung:

Those means we have a tendency to kinda, you know, change things and

Larry Sprung:

morph to whatever or wherever we need to be and, and uh, make things work.

Larry Sprung:

But I think that we have a tendency as people to kind of overlook

Larry Sprung:

ourselves first, pay everybody else before we pay ourselves.

Larry Sprung:

And I think we have to turn that on it's head and, and pay ourselves first.

Rabiah (Host):

Nice.

Rabiah (Host):

That's that's cool.

Rabiah (Host):

I haven't heard that.

Rabiah (Host):

And I'm definitely gonna be looking, looking that up cuz I could, I

Larry Sprung:

you go.

Rabiah (Host):

10%.

Rabiah (Host):

Oh

Rabiah (Host):

So I just have a set of questions called The Fun Five that I ask every guest.

Rabiah (Host):

So I'll start with those.

Rabiah (Host):

What is the oldest t-shirt you have and still wear?

Larry Sprung:

So that's a tough question for me because I have a lot of very old

Larry Sprung:

t-shirts and my wife gives me a hard time about them, cuz I usually keep 'em

Larry Sprung:

around because when I play hockey, I usually wear a shirt underneath my gear.

Larry Sprung:

So those are great shirts, but one of them in particular, as I was reading,

Larry Sprung:

you know, I had given me that question in advance and I started thinking

Larry Sprung:

about it and probably one of the, one of the best shirts that I still have

Larry Sprung:

is I went to Bighamton University and we used to have, I lived in the Newing

Larry Sprung:

Community, and within that community, there were, I believe, five dorms.

Larry Sprung:

And there was a thing called Newing Navy at the end of the year.

Larry Sprung:

And it was basically like a color war between the five dorms.

Larry Sprung:

And we made a t-shirt every year and I was there.

Larry Sprung:

I lived in Broom Hall and we won 10 years in a row.

Larry Sprung:

And I still have that t-shirt from the, from the the 10th win in a row.

Larry Sprung:

I still have that t-shirt to this day.

Larry Sprung:

One of the residents would design the t-shirt and was like a hand

Larry Sprung:

drawn thing that we turned into a a t-shirt and it's still in my closet.

Larry Sprung:

Albeit it usually is under my hockey gear, but I still have it.

Larry Sprung:

And.

Rabiah (Host):

Nice.

Rabiah (Host):

That's awesome.

Rabiah (Host):

That's good cuz a lot of people got rid of their t-shirts during the pandemic or

Rabiah (Host):

something and I still have my old ones, so I'm glad you, I'm glad you held onto

Larry Sprung:

I saw it still survived.

Larry Sprung:

It

Rabiah (Host):

Yeah.

Rabiah (Host):

Tell your wife.

Rabiah (Host):

No, I needed it for this question.

Rabiah (Host):

So at

Larry Sprung:

there.

Larry Sprung:

You.

Rabiah (Host):

that's a good reason.

Rabiah (Host):

Alright.

Rabiah (Host):

So if every day was really Groundhog's Day, like in the movie,

Rabiah (Host):

what song would you have your alarm clock set to play every morning?

Larry Sprung:

Yeah, I would say I'm not a big fan of KISS, but this one song

Larry Sprung:

really resonates with me in particular.

Larry Sprung:

And I think it would be a great tune to wake up every morning to, and

Larry Sprung:

I wanna rock and roll, you know, I wanna rock and roll all nite.

Larry Sprung:

I think that would be a great you know, good way to start the day, wanna

Larry Sprung:

rock and roll, you know, for the day.

Larry Sprung:

So, what better way to wake up?

Rabiah (Host):

Nice.

Rabiah (Host):

All right.

Rabiah (Host):

I think it's end party every day anyway, so you can

Larry Sprung:

Yeah, it might be, well, I, I don't wanna party every day, but I

Larry Sprung:

wanna rock and roll every day for sure.

Rabiah (Host):

All right.

Rabiah (Host):

Cool.

Rabiah (Host):

And coffee or tea or neither?

Larry Sprung:

So I'll drink both, but I prefer coffee's a daily uh, occurrence

Larry Sprung:

black and as strong as possible.

Rabiah (Host):

Nice.

Rabiah (Host):

Okay.

Rabiah (Host):

Sounds good.

Rabiah (Host):

Can you think of a time that you laughs already cried or just something that

Rabiah (Host):

cracks you up when you think about it?

Larry Sprung:

Yeah.

Larry Sprung:

So, you know, one of the, one of the things that I, I think

Larry Sprung:

about that we it kind of it's, it became a joke in my house.

Larry Sprung:

I guess one, one day when my kids were going to bed, I kind of said

Larry Sprung:

goodnight to them in a weird voice.

Larry Sprung:

Like I like a very high pitch voice, like "goodnight", and now

Larry Sprung:

it became, it's become a thing.

Larry Sprung:

Like if the boys are going to bed, they'll say goodnight and like so much

Larry Sprung:

so that I've called my, my oldest son in college on FaceTime and just sent him that

Larry Sprung:

voice memo and it always makes us laugh.

Larry Sprung:

It's just, just one, one of those things, I guess you had to be there

Larry Sprung:

to to experience it, but it still gets a chuckle out of all of us.

Rabiah (Host):

Yeah, but that's great.

Rabiah (Host):

That's one of those family things.

Rabiah (Host):

And then like siblings will share

Rabiah (Host):

forever.

Larry Sprung:

There you Yep.

Larry Sprung:

For sure.

Rabiah (Host):

Okay.

Rabiah (Host):

So last one who inspires you right now?

Larry Sprung:

Yeah.

Larry Sprung:

So, I mean, that's a great question and I think I'm gonna go

Larry Sprung:

back to my family for this one.

Larry Sprung:

I think, you know, you know, just kind of at this very moment and

Larry Sprung:

because we're kind of wrapping up the school year here on, on Long Island,

Larry Sprung:

and my oldest son's in college.

Larry Sprung:

My younger son just finished up his first year at prep school,

Larry Sprung:

boarding school, several states away.

Larry Sprung:

They really inspired me this year.

Larry Sprung:

And the reason why they inspired me is they, you know, at the age of 15 and 18,

Larry Sprung:

they left the house, went out, went off on their own and they found their way.

Larry Sprung:

And they were able to do their thing.

Larry Sprung:

They played hockey at a high level, enjoyed every minute of it.

Larry Sprung:

And both my boys did incredibly well in school.

Larry Sprung:

So they, they really inspired me because you never know, right?

Larry Sprung:

You do everything you, you think you're doing as a parent, you're hoping

Larry Sprung:

you're doing uh, As best you can.

Larry Sprung:

And I think you know, my wife and I say often our job is

Larry Sprung:

really to grow good humans.

Larry Sprung:

And uh, they've really inspired us over the last year because they've

Larry Sprung:

really shown that they're turning into great humans and, and good

Larry Sprung:

students and, and doing everything.

Larry Sprung:

Preparing themselves for the the real world and that's inspiring to me because

Larry Sprung:

it, it, it really makes you feel like you did a good job, and there's a lot of

Larry Sprung:

inspiration to be drawn from, from that.

Rabiah (Host):

Oh, cool.

Rabiah (Host):

That's great.

Rabiah (Host):

That's a really nice for you to talk about your kids that way too.

Rabiah (Host):

So, if people wanna find you Larry or the podcast or your

Rabiah (Host):

company where should they go?

Larry Sprung:

Yeah.

Larry Sprung:

So I'm all over social media.

Larry Sprung:

I'm pretty much on every uh, platform except for TikTok, because we can't

Larry Sprung:

figure out a way to archive that, but LinkedIn, Facebook, Twitter, and

Larry Sprung:

Instagram were all over those on all those platforms but Instagram, you

Larry Sprung:

could find me as Lawrence sprung, L A W R E N C E Spung (@lawrencesprung).

Larry Sprung:

On Instagram, on Larry Sprung (@larrysprung), it was a little bit of

Larry Sprung:

a marketing snafu very early on by me.

Larry Sprung:

I shouldn't have been handling my own marketing and I, I, I mess that up.

Larry Sprung:

So you could find me on all those platforms and then our podcast

Larry Sprung:

is found at Mitlin Money Mindset.

Larry Sprung:

M I T L I N Money mindset dot com (mitlinmoneymindset.com).

Larry Sprung:

And you could also find our firm, mitlin financial from there as as well.

Rabiah (Host):

cool.

Rabiah (Host):

Well, thanks so much for chatting, Larry.

Rabiah (Host):

It was really nice talking to you and learning about what you do

Rabiah (Host):

and what you're doing for others.

Larry Sprung:

I appreciate the time and, and the the platform

Larry Sprung:

Rabiah and make it a great day.

Rabiah (Host):

Thanks for listening.

Rabiah (Host):

You can learn more about the guest and what was talked about in the show notes.

Rabiah (Host):

Joe Maffia created the music you're listening to.

Rabiah (Host):

You can find him on Spotify at Joe M A F F I A.

Rabiah (Host):

Rob Metka does all the design for which I am so grateful.

Rabiah (Host):

You can find him online by searching Rob M E T K E.

Rabiah (Host):

Please leave a review if you like the show.

Rabiah (Host):

And get in touch with feedback or guest ideas.

Rabiah (Host):

The pod is on all the social channels at at more than work pod

Rabiah (Host):

(@morethanworkpod) or at Rabiah comedy (@rabiahcomedy) on TikTok.

Rabiah (Host):

And the website is more than work pod dot com (morethanworkpod.com).

Rabiah (Host):

While being kind to others, don't forget to be kind to yourself.

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