Hi @Russell Baugh !
The First and Last name fields in your Contacts folder are already separate, so I'm not really sure what you mean by "extract" and please specify how are you going to use the first name, for which purpose and where to are we extracting it? For combining the values from fields you can use Numeric or Text formulas. I have already offered you to jump on a quick call in one of the answers to check out your workspace, discuss the use cases and help in the best way. Will be glad to catch up these days!