Good Money with Derrick Kinney

Latest Episodes:

Bob Beaudine—The Power of Who Mar 15, 2021

Show notes

Here's a mind-blowing concept: You already know everyone you need to know. That's according to best-selling author and CEO Bob Beaudine. Turns out he's right! He shares why you should stop networking (which he calls not working) if you're trying to move up the career ladder. And he shares the secret to getting what you want in life and building great relationships - call your friends! In his Good Money Tip of the Week, Derrick tells us how $20 business books can put thousands of dollars in your pocket.

What you will learn:

You already know everyone you need to know
Hierarchy of thoughts
Five things you should want in your next opportunity
The 100/40 principle
There is a limit on what you can do on your own
Call your friends!

Quotes:

"A lot of times we just never thought of our friends and our family as resources and conduits to our dreams." – Bob Beaudine
"Listen, if talent was the reason everyone got jobs, we wouldn't have Congress and Senate." – Bob Beaudine
"The energy between two people is what makes a great marriage, family, it makes a great company, it makes a great team." – Bob Beaudine
"Listen, you have to embrace the unknown as friendly and beneficial." – Bob Beaudine
"A friend is someone who knows the song in your heart and can sing it back to you when you've forgotten the words." – Bob Beaudine
"You're supposed to do something that you love, with people you love, in a place you love, where your family loves it and you can do it for all the right reasons." – Bob Beaudine
"If you do what you love and what you were created for, you have an individual talent and that's going to make a lot of money." – Bob Beaudine
"Seeds in the ground if they're not watered don't to as well, but constant watering provides some great blossoms and great fruits." – Derrick Kinney

Recommended Resources:

The Power of Who: You Already Know Everyone You Need to Know by Bob Beaudine (https://amzn.to/3ecza5u)
bobbeaudine.com

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

https://goodmoneyframework.com

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JV Crum III—How To Be a Conscious Millionaire Mar 08, 2021

Show notes

JV Crum III understands exactly what it's like to have everything—the house on the water, the dream car, money, status—and still feel unsatisfied. At 5 years old, he declared that he wanted to be a millionaire—and at only 25, he achieved that dream. In our conversation, JV candidly shares how his early financial successes didn't give him the personal fulfillment he expected. He explains that the stories we tell ourselves can either limit or empower us. He says that when you're clear on your purpose and bring consciousness to your business, you can make more money and find deep, personal satisfaction in the process. Then JV offers tips for wealth building and advises you to buy the big journals for your big thoughts!

What you will learn:

You can make money and find fulfillment at the same time
Don't give up joy to make more money
Clear purpose leads to criteria
Potential is limitless
The story you're telling yourself is a lie
Become conscious to win
Think of your competitors as collaborators
Buy the big journals

Quotes:

"But I was beginning to think about, 'I am going to grow up to be a millionaire. And I'm going to start taking care of that problem right now." – JV Crum
"Happiness and being a millionaire are unrelated. Happiness is about getting connected to yourself and being happy with you. And you can do that completely poor." – JV Crum
"I want to help people get rich by doing something that fulfills them and makes a difference in the world so that when they get to that rich milestone, it's a series of milestones, they'll be fulfilled from taking that journey." – JV Crum
"When you get clear about your purpose, now you can start creating criteria." – JV Crum
"All of us are Elon Musk. All of us are Steve Jobs. All of us have that in us, it's whether we decide to live at that limitless level." – JV Crum
"What I find is most people who have a strong, 'I want to make this conscious difference,' very, very frequently have issues about being good enough." – JV Crum
"However your business is running, how many clients you have, is a result of those beliefs, identify and personal reality." – JV Crum
"You can make far more money living on purpose and bringing the conscious elements into your business than you'll ever make not bringing them in." – JV Crum
"Make a decision today when you want to arrive at that destination. And realize that is only a milestone. Your first million will not be your last million." – JV Crum

Did you know Derrick answers YOUR money questions LIVE on his podcast? Submit your money question now!

https://goodmoneyframework.com

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

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Follow The Good Money Show on Instagram!

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Recommended Resources:

Consciousmillionaire.com/freebook

Justin Donald—Stop Investing Like Everyone Else Mar 01, 2021

Show notes

If you want to become wealthier and make the world better, start by giving money away. In this week's Good Money Tip, we reveal a secret of successful people—how to quickly get back up when failure throws you a knock-out punch. Derrick also talks with lifestyle investor, Justin Donald, who says it's time to wave good-bye to your 9 to 5 grind. He shares that if you want total control of your life, then take control of your time. Get ready: he tells us why you should look at every investment as bad until you prove it's good.

Did you know Derrick answers YOUR money questions LIVE on his podcast? Submit your money question now! Go to: https://goodmoneyframework.com

Find out more about Justin Donald at:

Justindonald.com
The Lifestyle Investor by Justin Donald (https://bit.ly/2Na8KGj)

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

https://goodmoneyframework.com

What you will learn:

How lifestyle investing is different
Lifestyle investing requires a change in mindset
Clarify your ideal lifestyle
Long-term accumulation vs. short-term cash flow
Follow the blueprint
How to avoid bad investments
Where to find good investments
You can start anywhere

Quotes:

"Because when you own your time, then you own everything." – Justin Donald
"Because when you're clear on what you want, it becomes a whole lot easier to pursue things that are going to line up with that outcome." – Justin Donald
"That gave me a lot of comfort and confidence, so I might not know how to figure out how to make $36,000, but I could figure out how to make $3,000 a month." – Justin Donald
"I took action because I saw other people do it. And I have a very strong conviction that if someone else can do something, I can do it too as long as I have that blueprint." – Justin Donald
"Sometimes, you have to bet on yourself." – Derrick Kinney
"I just think money is a great tool and in the right hands, it can just magnify the good that is done in the world. And I believe that to the deepest part of my soul." – Justin Donald
"So, if you're just looking purely based on what it was in the past, you're missing all the opportunities of the future." – Justin Donald
"I didn't start with a pot of cash and I've never had a big exit that gave me a substantial amount of income to invest. I just hit a whole bunch of singles and doubles." – Justin Donald

Barbara Huson—Is Money Guilt Costing You Cash? Feb 22, 2021

Show notes

Newly divorced with three children and a million dollars of debt, Barbara Huson had to get smart with her money—and fast! In our conversation, she talks about the challenges many face with their finances and strategies you can use to rewire your brain and achieve success. She says when you know your motivation, that's when money shows up. Then Barbara shares the simple recipe to getting smart with your money: consistent small steps lead to remarkable results.

What you will learn:

It's not too late to start getting smart
Problems with money are never about money
First step to getting out of debt: Commit
The three levels of financial development
Be purpose-driven, not just profit driven
Wealth is not an amount—it's an attitude
Do what you're afraid to do
Train your brain in three steps

Quotes:

"If you don't deal with your money, your money will deal with you." – Barbara Huson
"What I found is that getting smart about money doesn't need to take a long time. It doesn't take a lot of money to create wealth, and it's never, ever, ever too late to start." – Barbara Huson
"My definition of a powerful woman is someone who knows who she is, who knows what she wants and expresses that in the world unapologetically." – Barbara Huson
"I really see that the number one requirement for going to the next level, in anything, making more money or losing weight, is always the willingness to be uncomfortable." – Barbara Huson
"So, the three levels of financial development are survival, stability and affluence. And survival is not enough, stability is just enough, and affluence is more than enough." – Barbara Huson
"That really is the whole point of creating wealth. It's to have the well-being and peace of mind to know you're okay and you're safe." – Barbara Huson
"Our words are so powerful. The words we use that come out of our mouth and the words in our head—it's how you rewire your brain." – Barbara Huson
"Getting smart, it's really small steps consistently taken that lead to remarkable results." – Barbara Huson

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

https://goodmoneyframework.com

Follow The Good Money Show on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

Barbara-huson.com
Prince Charming Isn't Coming: How Women Get Smart about Money by Barbara Stanny (https://amzn.to/2N7KIvK)
Rewire for Wealth by Barbara Huson (https://amzn.to/37dsFef)

Dan Price—Does a $70k Minimum Wage Work? Feb 15, 2021

Show notes

Would a minimum wage of $70,000 actually work? And to pay for it, cut your own $1 million salary? This bold decision by Gravity Payments CEO Dan Price skyrocketed productivity, boosted sales and created happier employees. Labeled by some as pure socialism, the controversial move attracted praise and naysayers. In our conversation, Price pulls back the curtain and talks about his thought process and about the unique challenges business owners are up against now. And, he candidly shares how shocked he was when his team suggested their own pay cuts when the company faced crisis.

What you will learn:

When you're financial healthy, you're more productive
Great teams make work great
Money isn't the top of the pyramid- it's the foundation
Be your own CEO

Quotes:

"But it meant that a third of the people at the company were going to have their pay doubled and the third that really deserved it the most and needed it the most. It was a really cool thing to be a part of." – Dan Price
"It wasn't designed for solving the world's problems, it was designed for making our place a better place to be and making it just more kind of fair and logical." – Dan Price
"If you give pay raises, the biggest ones to the people that are being paid the least, they'll have the most positive impact on productivity." – Dan Price
"When you're financial healthy, as this podcast and so many other help people to do, then people can be more productive and more focused and really they can start to tap into their intrinsic motivation." – Dan Price
"When you're part of a team where people act with autonomy and people are self-motivated, self-disciplined, where there's trust, you don't have that same burnout factor." – Dan Price
"Money is supposed to be a way for us to exchange value so we can take care of ourselves, take care of our needs." – Dan Price
"Being your own CEO means it's up to you to make these most important decisions. But also, there's going to be transparency, accountability, all the things we would want CEOs to be held to, like each of you are going to be held with this too." – Dan Price

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

https://goodmoneyframework.com

Follow The Good Money Show on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

Worth It by Dan Price (https://bit.ly/3qfULgN)
Profitisnotapurpose.com
Gravitypayments.com

Bola Sokunbi—Ditch Debt and Build Real Wealth Feb 08, 2021

Show notes

Where does 80% of wealth building take place? In your head! As the founder of Clever Girl Finance, Bola Sokunbi says if you want to make money it comes down to good habits and a laser focus on what matters most. If you want to avoid the worst financial blunders people make, she shares proven strategies to avoid them. And she reveals that the best gift you can give your kids and grandkids is to simply educate them on how money works (and she tells you the easy way to do it).

What you will learn:

The power of free money
Think about your finances as your business
Why you should unpack your money memories
Money gives you opportunities
Teach the money lessons you're still learning
Everyone makes money mistakes
How to talk to your kids/parents about money
Find your true money motivator
How to transition generational wealth
Mind your business

Quotes:

"The big difference here is just really understanding the impact investing can have on your life." – Bola Sokunbi
"When you're the CEO, you're supposed to be designating specific tasks to your dollars." – Bola Sokunbi
"It's never about the money. It's about what you can leverage the money to do." – Bola Sukunbi
"Again, your money is simply a tool. It doesn't have emotions. It doesn't have feelings. It does what you tell it, or it just finds ways to leave you because other people will help you spend your money." – Bola Sukunbi
"Just because you're on the journey, just because you're going through the process, doesn't mean you don't have to teach your children." – Bola Sokunbi
"Really focus on yourself and your mindset and your intention, because that's where the 80% of the work you need to do to build wealth is going to happen." – Bola Sokunbi
"Be prepared for adversity. Don't be surprised by it but expect it." – Derrick Kinney
"When you have a plan that you're working, when life happens, the situation is more of an inconvenience because you have your plan in place than a complete disaster because you have not done anything." – Bola Sokunbi
"So, celebrate other people's wins, celebrate other people's successes, but don't let it be a distraction from what it is that you want to accomplish for yourself." – Bola Sokunbi
"Surround yourself with the right people, the right resources- like this podcast- to encourage you and motivate you as you go through this journey." – Bola Sokunbi

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

https://goodmoneyframework.com

Follow The Good Money Show on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

Clever Girl Finance by Bola Sokunbi (https://amzn.to/36w1N95)
Clevergirlfinance.com

Ram Charan—3 Secrets of Thriving Companies Feb 01, 2021

Show notes

What do the world's top CEO's know that you don't? Ram Charan reveals the valuable insights he uses to guide these impactful business leaders. He says mistakes are normal, but bad decisions are what lead to disaster. By asking one simple question, "What's the problem?" you open the door to unexpected opportunities. And if you want to stand out, he shares why you should never tell the CEO they're right. Instead, give them a different way to think and understand the opposing viewpoint. By the way, embrace change quickly and you'll reap rich rewards.

What you will learn:

It's people before strategy
Confronting reality is crucial
Manage your current business to build your new one
Money is an indicator
Why attitude is everything
You need an outside perspective

Quotes:

"When you look at the population of failed companies, you will always, and I mean always, track the decisions made or not made by the CEO." – Ram Charan
"The first thing is that cash is the blood supply of any business. Your existing business generates cash. If it doesn't generate cash, you focus there first." – Ram Charan
"Making cash profit is a measure of how good you are in your business." – Ram Charan
"Get some fresh blood not totally contaminated with the past in your company and in your industry. Let them challenge you using the methodology." – Ram Charan
"They don't need me to say that you are right. But say, 'Well, here is a different way to think about it.'" – Ram Charan
"It's easier to see somebody else's phenomenon than their own. That's simply because the ins and outs of what they do every day get deeply etched and they see through the lens of the existing business, which is narrow." – Ram Charan

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

https://goodmoneyframework.com

Follow Good Money Good Hands Good Work on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

ram-charan.com
The Phoenix Encounter Method, Lead Like Your Business Is On Fire - https://amzn.to/39wHf29

Jason Feifer—Giving Back Is Good Business Jan 25, 2021

Show notes

Jason Feifer shares how companies that have clear missions are better at navigating challenges and embracing change. If you're wondering how your company can stand out in the marketplace, he says that first, you should make a great product, but it's how you tell your story and relate to people that can make the difference. And if you want to build a long-lasting business, he says the key is to make difficult decisions early, while you still have control.

What you will learn:

Giving back is good for business
The difference between your What and your Why
Differentiate with your story
Sustainable companies can have larger impacts
The importance of situational awareness
Resistance is for losers
Get to your first failure

Quotes:

"This is about building long-term relationships, and that's how you make money for a long time to come." – Jason Feifer
"Frankly, if you're going to survive as a business in times like these, then you have to go beyond just offering a product or service. You have to be really meaningful to people in their lives." – Jason Feifer
"The companies that are really crystal clear about their mission are the ones that are going to thrive, and the other ones may not have a place in this new world." – Jason Feifer
"Can you identify what role you played in people's lives and then pivot towards that? This is something I think that we all need to be doing all the time." – Jason Feifer
"So, the way that you differentiate is not just by the great product that you make, though of course, you should make the best product you can. But it's also the story that you tell and the way you relate to people." – Jason Feifer
"You can't do good with your company unless your company is profitable. Because otherwise it's not there to do good with." – Jason Feifer
"The only thing you can do with that is to trust yourself and understand what you know and what you don't know and continually strive to be better and to be open, I think, about what your own concerns are." – Jason Feifer
"When people resist a new innovation, the only thing that they really do, is they stop moving and they let everybody pass them by, because the future is not optional. You can't opt out of the future." – Jason Feifer
"There's an element of faith and risk that goes into anything, and you have to be willing to take that to achieve anything great." – Derrick Kinney
"You're going to have failures along the way, so make sure you at least get to your first failure and then see how you react and see if you can get your company through it, because it's going to happen. You're going to have a lot of them." – Jason Feifer

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

https://goodmoneyframework.com

Follow Good Money Good Hands Good Work on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

JasonFeifer.com
Entrepreneur.com

Ramit Sethi—Spending Less is the Wrong Strategy Jan 18, 2021

Show notes

What does a rich life look like? Ramit Sethi shares how having a clear vision of your rich life allows you to use your money on the things that matter most. He says it's normal to make mistakes with money and that you should start building habits early so you don't make the same mistakes with $1 million that you did with $100. And if you're thinking about how to make your money go further, Ramit reminds us that there's a limit on what you can cut, but there's no limit on what you can earn!

What you will learn:

Money does change people
How you can spend extravagantly
Stop focusing on the $3 questions
How to negotiate your salary
Why we crave wealth but also hate it
What is your money dial?
You will make mistakes with money
Don't take advice from losers
Giving is a critical part of a rich life

Quotes:

"In my experience, money does change people. It should. It has allowed me to dream bigger. It's allowed me to take more adventures. It's allowed me to give more." – Ramit Sethi
"Saving $3 a day is not going to change the course of your financial life." – Ramit Sethi
"If you begin your financial life believing that having more money will change you or will turn you evil, then you have effectively no chance of growing your financial wealth." – Ramit Sethi
"There are lots of reasons to stay or to leave, but simply saying, 'I'm underpaid, please play me more,' that's not persuasive. It's about demonstrating value and communicating this in the correct way." – Ramit Sethi
"You have a certain level of happiness, great, but there are other factors like life satisfaction that you can directly use money to influence." – Ramit Sethi
"Every one of us has money now, something that we love to spend money on. Almost none of us have ever contemplated spending more on it." – Ramit Sethi
"You can spend extravagantly on the things you love when you cut costs mercilessly on the things you don't." – Ramit Sethi
"What could be more meaningful than taking the thing you love, your money dial, and doubling down on that?" – Ramit Sethi
"If you feel stuck with your money, that's normal, but just acknowledging it is not enough. The next step is to make a plan and start getting educated about it." – Ramit Sethi
"Why would we take advice from people who are not in the financial situation that we admire?" – Ramit Sethi

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them"

https://goodmoneyframework.com

Follow Good Money Good Hands Good Work on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

I Will Teach You To Be Rich by Ramit Sethi (https://amzn.to/39widiw)
Iwillteachyoutoberich.com

Matthew McConaughey—Who Said Money Is Bad? Jan 11, 2021

Show notes

Are your bank account and souls account out of balance? Matthew McConaughey shares how a risky career move paid off big and brought him the fulfillment he was looking for—and the Academy Award for Best Actor. He also gets candid about relationships, money, and the legacy he's building. If you're afraid of failure and embarrassment, he says that you should still "play it live" because people will appreciate your vulnerability and you may even inspire others to do the same.

What you will learn:

Red lights are learning moments
Why you may need to unbrand to rebrand
Balancing your bank account and your souls account
Why you should choose opportunities carefully
Be less impressed and more involved
Identify the role you want to play
A roof is a manmade thing

Quotes:

"The man I was becoming in my life, with a newborn son, was so vital, but my work paled in comparison to the vitality my life had." – Matthew McConaughey
"So, remember, when it gets wobbly again and you're confused, trust in this truth that just landed on you." – Matthew McConaughey
"We want to fill our bank account. We want to fill our souls account as well. And you don't want to be in the black in one and the red in the other, but sometimes that's the math that adds up." – Matthew McConaughey
"We've got 24 hours in a day and, as far as I know, they're not giving any more." – Matthew McConaughey
"It's fine to have an impression and have a great respect for them, but don't have a reverence so far that you are not able to be involved and grow and embrace the situation and be yourself and bring your most true self to whatever that situation is." – Matthew McConaughey
"We're all actors to a certain extent, but at least say, 'what role is it I want to play?'" – Matthew McConaughey
"A wise friend once told me that people like imperfect people better." – Derrick Kinney
"If you can trust others, you can trust yourself more." – Matthew McConaughey
"We can go a lot higher than sometimes we give ourselves credit for." – Matthew McConaughey
"What are the choices we can make today that we can look forward to actually looking back?" – Matthew McConaughey

Free Valuable Report for our Listeners: "3 Beliefs About Money Your Kids Should Learn that No One is Teaching Them"

https://goodmoneyframework.com

Follow Good Money Good Hands Good Work on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources: