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.