396. The Grandfather of Possibilities: Ron Klein The Man Behind the Magnetic Strip

Welcome to another exciting episode of the Better Call Daddy Show , where we bring you stories that inspire, educate, and entertain. Today's guest is none other than Ron Klein , a visionary and the grandfather of possibilities. Known for his groundbreaking innovations like the magnetic strip on the credit card, the MLS system for real estate, and voice response in the banking industry, Ron Klein has shaped the future in more ways than one. In this episode, Ron shares his incredible journey from growing up in the 1930s to becoming one of the most influential innovators of our time. He delves into his humble beginnings, the influence of his grandfather, and the lessons learned from his service during the Korean War. Ron also talks about his philosophy of turning situations into challenges and finding the gift behind them. Ron’s stories are not just about his inventions but also about the mindset that helped him achieve so much. From solving problems at the New York Stock Exchange to creating the MLS system, Ron’s approach to innovation is both practical and inspiring. He emphasizes the importance of being smart, daring, and different, and how these principles have guided his career. Tune in to hear Ron Klein’s fascinating stories and the wisdom he has gained over the years. Whether you’re an aspiring innovator or just curious about the history of modern technology, this episode is a treasure trove of insights and inspiration. Thank you Scott Carson for the amazing intro! (00:00) The better call daddy show features interviews with influential and controversial fathers (02:13) At 18, you were drafted during the Korean War (07:04) Your first big innovation was the magnetic strip on the credit card (10:33) What are you learning now? I'm learning now how to not make as many mistakes (12:25) What advice would you give someone in an environment where deliverables are paramount (19:30) It would read the tape just like a tape motor machine, and send that down the line (22:43) At the New York Stock Exchange, they trade equity and debt electronically (28:14) MLS was the email of the sixties and seventies before PCs came out (37:14) Western Union put up 12,000 teletypes for sale for bid (43:14) We have to define a mission, a vision and a purpose (47:17) How long has your dad been on Wall street? More than 40 years (48:43) Ron Klein is a visionary who is also an opportunist Ron Klein is an ordinary man who accomplishes extraordinary things. He is a PROBLEM SOLVER. Every solution has resulted in monumental change, either in a new invention or a simple solution. His innovative ideas have changed the world. He is the inventor of the Magnetic Strip on the Credit Card, Credit Card Validity Checking System and the developer of computerized systems for Real Estate (MLS) Multiple Listing Services, Voice Response for the Banking Industry and BOND Quotation and Trade Information for the New York Stock Exchange Ron‘s latest Creation is for a device that enables a visually impaired person the ability to identify an item when in physical range of that item. It utilizes a smartphone and special QR coded adhesive labels. . We have enhanced Eli Technology to provide unlimited marketing functions and benefits for all industries. Website, https://thegrandfatherofpossibilities.com Ron is a STRATEGIC ADVISOR - CONSULTANT - MENTOR and - PROBLEM SOLVER. Huffington Post, brief video clip about Ron https://youtu.be/sjLPFzuftnA Better Call Daddy Podcast listeners can get 15% off any order - including subscriptions and multi-packs! Use code, BetterCallDaddy at www.carolinebasshealth.com If you enjoyed this episode, don't forget to check out our previous episodes and subscribe for more inspiring stories. Connect with Reena Friedman Watts: - Website: bettercalldaddy.com - LinkedIn: Reena Friedman Watts - Twitter: @reenareena - Instagram: @reenafriedmanwatts - Instagram Podcast: @bettercalldaddypodcast We love hearing your feedback . Leave us a review , share your thoughts, and spread the word about this enriching episode. Share it with someone who appreciates the wisdom of innovation and the importance of living a purposeful life. Show notes created by https://headliner.app