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.