Good Money with Derrick Kinney

Latest Episodes:

Marc Randolph—Turn Everyday Problems Into Extraordinary Profits Jan 04, 2021

Show notes

You would think the most brilliant of entrepreneurs would rarely face failure. After all, didn't they just come up with one genius idea and money started flooding in? Not the case for Netflix co-founder, Marc Randolph. The truth? Marc was told, "That will never work," more times than he could count. In this vulnerable conversation, Marc shares the challenges and harsh rejection he faced during the early days of Netflix and peels back the curtain of the often-glamorized world of entrepreneurship. And he says the problems you see every day in your business or your job could be your golden ticket to big profits. Subscribe and listen now to my conversation with Marc on Apple Podcasts and Spotify!

You Will Learn That:

You build skills by doing them
Pain is the parent to ideas
Entrepreneurship is a grind
There is no easy way
There's always a reason not to do something
Why you should think less and do more
If you wait, you're too late
Nobody knows anything

Quotes:

"The way you learn to make better decisions is by making decisions." – Marc Randolph
"Start small, build momentum. And that allows you to bet on yourself and place bigger bets because you can be confident in your own abilities." – Derrick Kinney
"Once you've learned to really articulate the problem and see the problem clearly, almost without even thinking about it, ideas begin popping into your mind." – Marc Randolph
"And it was this realization at that moment that there was no easy way. There was no trick. There was no magic bullet. There wasn't a way around. And, as my Dad used to say, 'Sometimes the only way out is through.'" – Marc Randolph
"If you don't start, you're never going to get anywhere. There's always a reason not to do something." – Marc Randolph
"So, the lesson there is, you can't over commit. Whatever you think is an overcommitment is probably just barely enough to land that trick." – Marc Randolph
"The uncertainty is everything. If you wait until you can see around the corner enough to be confident that your idea is going to work, I guarantee you're too late." – Marc Randolph
"The most important skill of a good entrepreneur is, are they creative and clever enough to figure out ways to try their ideas that are quick, simple, and cheap? Because then they can try hundreds of ideas." – Marc Randolph

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!

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Recommended Resources:

That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea by Marc Randolph (https://amzn.to/38EJw9U)

Morgan Housel—How To Make More Money Than Most People Dec 28, 2020

Show notes

Save like a pessimist, invest like an optimist! Morgan Housel explores how people think about money and why amateur investors can do just as well or even better than financial experts. If you are worried about the pandemic's impact on your personal economy, he reminds us that setbacks happen quickly so they're always in the news, but powerful long-term growth is still in the backdrop. He also explains that if you understand that big setbacks will occur, it becomes much less scary when they happen.

What you will learn:

Save like a pessimist, invest like an optimist
The world is full of surprises
Don't ignore the broader lessons
The best marketing is a good product
To do well with money, keep your head on straight
Your unique experiences impact how you think about risk
Why you should focus on wealth, not riches

Quotes:

"Save like bad things are going to happen in the future but invest like an optimist." – Morgan Housel
"Compounding only works if you can give an asset or a career, or anything else in life, the time that it needs to grow and build over time." – Morgan Housel
"Progress happens too slowly for people to notice, but setbacks happen too quickly for people to ignore." – Morgan Housel
"When you realize that the world is just a continuous chain of surprises, you are more likely to favor and appreciate endurance in your own finances." – Morgan Housel
"When you realize that the only thing that's not a surprise is that the world is full of surprises, you can make much better decisions in the long run." – Derrick Kinney
"The best marketing by far that works, where people's energy should be going into for companies, is make a good product that people need." – Morgan Housel
"What is important for doing well with money over time is not necessarily how smart you are or how educated you are or how sophisticated you are. It is just whether you can keep your head on straight." – Morgan Housel
"That experience they get early on will impact how they think about risk and reward and opportunity for the rest of their life." – Morgan Housel
"I think what people want is wealth, but what we see in the world and what influences our decisions is riches. It's money that people have spent." – Morgan Housel
"It's earning money and then suppressing your desire to spend it afterwards that builds wealth." – Morgan Housel

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:

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel (https://amzn.to/3nS6kcM)
Morganhousel.com
twitter.com/morganhousel

Tom Golisano—Billionaire Secrets to Grow Your Business Dec 21, 2020

Show notes

Do you think about starting your own business? Or do you want to grow the one you have? Billionaire businessman Tom Golisano shares how he started his small payroll processing company and grew it into a multi-billion-dollar empire. He explains how he evaluates new business ventures and why short business plans may catch his eye. If your company isn't growing, Tom says that people won't come to you just because you're there – you have to go out and get it!

What you will learn:

Have a vision that can bring you success
Four things to consider for a business venture
Why you should enter with an exit strategy
Profitable companies are good for communities
When you start your business, you have to market it
The impact of the pregnant pause

Quotes:

"Another thing I think about for an entrepreneur to be successful is having a vision that could bring him to a point of success." – Tom Golisano
"There is an aura of being an entrepreneur that's very exciting. Sometimes you get overexcited about being an entrepreneur and you don't deal with reality in a way that you should." – Tom Golisano
"I like the one or two-page business plan that shows a potential investor or a bank how we're going to make money and have it be reasonable and logical." – Tom Golisano
"What you're doing is you're grinding down to fundamentals, reviewing the financial statements. I like to call that the report card that doesn't lie. It tells you exactly where you are right now." – Derrick Kinney
"I think people who sit down and think about it with any sense of reality and rationalization realize entrepreneurs are great for a community, and when they share their profits with the community, it's good for everybody." – Tom Golisano
"When you start your business, you better be able to mentally and physically go out there and build your business through the sales processes, through the marketing processes and so forth. People don't just come to you because you're there." – Tom Golisano
"It's a constant, constant attitude and mentality you need to have in promoting yourself and your business." – Tom Golisano

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:

Tom Golisano's book – Built Not Born: A Self-Made Billionaire's No-Nonsense Guide for Entrepreneurs https://amzn.to/3aoEuRq

Kelsa Dickey—Budget Isn't a Bad Word Dec 14, 2020

Show notes

Is "budget" a bad word in your house? Kelsa Dickey shares strategies to help you take control of your finances and practice good money habits. If you worry about how money impacts your family, she explains how a family creed can help guide your money decisions to line up with your values. And if you're feeling pressure to have everything figured out, Kelsa reminds us that it's about progress, not perfection.

What you will learn:

Money is a magnifier
Money is a tool
Managing money takes practice
How to overcome self-sabotaging behaviors
Everyone has money blocks
'Budget' isn't a bad word
How to talk to your kids about money

Quotes:

"Money is a magnifier and it is going to make you more of what you already are." – Kelsa Dickey
"I always tell people we really want to manage our money well, but not because money by itself is important. It's the impact that it has on the rest of our life that is important." – Kelsa Dickey
"If you're not doing it now, it's really hard to trust yourself and believe in yourself that you're going to do it later when you have more money." – Kelsa Dickey
"Money is neutral. Money doesn't say you have to be entitled or selfish or spoiled." – Kelsa Dickey
"I want your children to know that managing money takes a little bit of effort. It takes a little bit of time. That doesn't mean that it's a bad thing." – Kelsa Dickey
"Money should empower you and not hold you back." – Derrick Kinney
"Just bring curiosity to personal finance and to money and step into any type of conversation with your child from a perspective of 'let's learn this together." – Kelsa Dickey
"Personal finance is personal. There are 10 different ways that you can manage money that will work for 10 different people." – Kelsa Dickey

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:

FiscalFitnessPHX.com

Exclusive: Sean Astin—Is Your Self-Doubt Keeping You From Success? Dec 07, 2020

Show notes

Is self-doubt holding you back from your dreams? Sean Astin shares how a sense of perspective and a sense of humor can help you overcome obstacles and achieve what you want in life. If you've suffered a setback, he says it's good to acknowledge your pain, just don't wallow in it. And don't forget to laugh a little bit!

What you will learn:

Why to take stock of who you are
How to recognize self-doubt
The power of acknowledging your pain but not wallowing in it
The secret of using mental focus to push forward
How having a sense of perspective and a sense of humor pays off

Quotes:

"There are certain benchmarks in your life that say this is a moment to take stock of who you are." – Sean Astin
"The two things that it's important to do are identify it accurately. What is the accurate root cause of the pain I'm feeling right now? Two, how am I going to deal with it?" – Sean Astin
"My wife's grandfather used to always say, 'If you listen, you will know what you know and what they know.'" – Sean Astin
"I finally had a real breakthrough in training leading up to it, where I got to a place where I knew I could do it. I believed I could do it. So, that carried me through." – Sean Astin
"What's painful in this minute is going to be bliss in 10 minutes." – Sean Astin
"Laugh a little bit. Laugh. Don't take it too seriously. You've got to be able to laugh at yourself." – Sean Astin

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:

SeanAstin.com

Andy Andrews – The Missing Ingredient For Your Next Big Decision Nov 30, 2020

Show notes

Is life just a lottery ticket, or are there choices you can make to direct your future? Andy Andrews shares how a few key decisions at critical moments in life can ultimately determine your success. If you're feeling anxious or worried, he cautions that it can become a self-fulfilling prophecy. And if you want to become more valuable, Andy says the key is to help others get what they want.

What you will learn:

Why worry is focusing in the wrong direction
The glass isn't half full or half empty
How to have a decided heart
To greet each day with a forgiving spirit
Money creates opportunity
Why you should test your own rules
How to become valuable to others
The metaphor of burning your boats

Quotes:

"I think about how uncertain life was a year ago. The virus was on the way, social unrest was on the way. It's just that, because we didn't know it, that didn't make it any less uncertain, it just made it less of a focus." – Andy Andrews
"If you worry a lot, focus is not your problem, because worry is focus. It's just focusing in the wrong direction." – Andrew Andrews
"If you believe that this is the worst time that has ever happened, and this is the worst thing that could have ever happened, that becomes somewhat of a self-fulfilling prophecy, because it tends to make us lay down, do less, feel like the verdict is in." – Andy Andrews
"So much of life is a decision." – Andy Andrews
"We forget sometimes, the purpose of analysis is to come to a conclusion. It's not to continue to analyze." – Andy Andrews
"It turns out that forgiveness is a decision. It's not an emotion. But we treat it like an emotion, which is why it drags us around like a dog on a leash." – Andy Andrews
"It goes well beyond money or things, but it's the key to achieving anywhere near your potential, and that is to become hugely valuable to other people." – Andy Andrews
"Products are commodities, but relationships are really the true treasure." – Derrick Kinney
"They created a situation in their lives where there was nothing to do by persist without exception." – Andy Andrews

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:

andyandrews.com
Just Jones: Sometimes a Thing Is Impossible . . . Until It Is Actually Done (https://amzn.to/3lliatI)
The Traveler's Gift: Seven Decisions that Determine Personal Success by Andy Andrews (https://www.amazon.com/dp/0785264280/ref=cm_sw_em_r_mt_dp_XrfVFbBE7E056)
The Bottom of the Pool: Thinking Beyond Your Boundaries to Achieve Extraordinary Results by Andy Andrews (https://www.amazon.com/dp/0785226532/ref=cm_sw_em_r_mt_dp_dtfVFbYDYRG84)

Dr. Mike Norton – Money Can Buy You Happiness Nov 23, 2020

Show notes

What if money really can buy happiness? Dr. Mike Norton shares how it isn't the amount of money you have, but how you use it that matters. If you're dreaming about a big purchase he says to consider how it will impact your overall life so you get the biggest bang for the buck. And by investing in others and buying experiences - not stuff, you'll experience more meaning with your money.

What you will learn:

Core principles of smart spending
Why you should focus on the total experience
The power of the focus group
How to get the biggest happiness bang for your buck
How to create happier employees and happier products

Quotes:

"So when I say money can buy happiness, what I mean is we need to stop thinking so much about how much money we have and instead, what we're doing with the money to do things that make us happy in our lives." – Dr. Mike Norton
"The issue there that when we consume things over and over again, we get a little tired of them. And so, a really easy thing to do to increase happiness with our money is take a break from things and come back." – Dr. Mike Norton
"And so again, we overestimate how awesome buying the thing will be without thinking enough about how it's really going to change our time." – Dr. Mike Norton
"But when you spend money on other people, it gives you a huge feeling that you've had an impact on somebody else, that you've had an impact in general." – Dr. Mike Norton
"So when we buy stuff for ourselves, it's like pizza. It feels great. An hour later, a day later, a month later, it just wasn't the right thing to do." – Dr. Mike Norton
"In a funny way, because experiences disappear, they allow us to enjoy a fantasy of them later on." – Dr. Mike Norton

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:

Happy Money: The Science of Happier Spending by Dr. Michael Norton and Elizabeth Dunn (https://www.amazon.com/dp/1451665075/ref=cm_sw_em_r_mt_dp_H3fTFbA8J6FP7)

Dan Miller – How To Love Mondays & Find Your Purpose Nov 16, 2020

Show notes

Is your Sunday evening filled with the dread of Monday morning? Dan Miller shares how to use your unique skills, abilities and personality to create a career that is meaningful and profitable. If you've been waiting for the right time to make a career change and feel stuck, you'll want to hear Dan's advice on why 48 days is all the time you need to make a dramatic change in direction.

What you will learn:

Why you should stop being responsible and start being authentic
You don't have to start all over
How to stop being an imposter
Your dream is the starting point
Money shows up when you're in the zone of genius
Are you a David or just a block of stone?
The seasons of life

Quotes:

"Look inward. Figure out what's unique about you in terms of skills and abilities, personality traits, values, dreams, passions. Then you have a clear focus and an authentic focus." – Dan Miller
"In being responsible, people miss their opportunity to be authentic and have a life that's meaningful, purposeful, and profitable." – Dan Miller
"If somebody is a 42-year old dentist, they're not going to start again like they did when they were 18. We're going to use the wealth of experience maturity that they have at 42 to subtly redirect." – Dan Miller
"People are spending weeks, months, years of their lives stuck in these feelings of frustration. There has to be a better way." – Dan Miller
"48 days is adequate time and, I don't care what your degree is, what your position is, what your income is, for us to create a new plan to dramatically change the direction and results that you're getting." – Dan Miller
"We have to be more creative, but the opportunities are endless for an authentic fit, even if it is a redirection." – Dan Miller
"So be clear: what is your dream? Because that's the starting point. And then we can look at what are the possibilities to walk into that." – Dan Miller
"If you really move into your zone of genius, that thing that you do extremely well, that brings you a lot of joy, it's amazing how money shows up." – Dan Miller
"I want people to think like David. What needs to be carved away in your life to release the very best that you have to offer?" – Dan Miller
"It's time to chisel out and see what's inside. Set that free." – Derrick Kinney

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:

48 Days to the Work You Love: Preparing for the New Normal by Dan Miller (https://www.amazon.com/Days-Work-You-Love-Preparing/dp/1433669331)
For a special offer Dan has prepared for our listeners, go to 48days.com/goodmoney

Bonus: Peter Shankman—Productivity Hacks To Make You More Money and Get More Done Nov 09, 2020

Show notes

Do you ever wish there were more hours in a day? Peter Shankman shares how he's maximized his productivity by learning how his brain works and putting rules and routines in place that work with his brain and not against it. Use Peter's powerful strategies to build a business, become a millionaire or simply better your life.

If you want to stay focused for longer and boost your productivity—this episode is for you.

What you will learn:

Maximize the positives, negate the negatives
To have freedom, live by the rules
Play the tape forward
You cannot control people, but you can control your reactions
Resolutions fail, but rituals succeed
It comes down to priorities

Quotes:

"With ADHD, you're very curious and you wind up talking to everyone. And, over time, my talking to everyone led to this ridiculously large Rolodex." – Peter Shankman
"I decided, okay, if my faster than normal brain has all these positives and some negatives, I don't want to lose the positives. So, let me figure out how to make the positives work for me and what can I do to sort of negate as many negatives as possible?" – Peter Shankman
"For me, the big thing that I learned, is that you have to understand how your brain works and work with your brain. If you try to work against your brain, you're going to fail." – Peter Shankman
"You don't have to change your life. You can't really change the big things. You can change the little things, which can lead to big changes." – Peter Shankman
"So, it's about thinking about where do you want to be in a minute, two minutes, five minutes, 10 minutes? And, how do you get there?" – Peter Shankman
"As long as you have people feeling heard, they're going to be more responsive to what you want to say." – Derrick Kinney
"You can't sit there and let other people dictate your emotions. If you do that, you're not your own person. You don't have control." – Peter Shankman
"So, anything you guys want to do right now, create a ritual to do it." – Peter Shankman
"It's going to get better, but I would say, even more importantly than that, you need to make sure you're taking care of yourself right now." – Peter Shankman

Free Valuable Report for our Listeners: 5 Ways Your Resentment of Money is Ruining the World

https://goodmoneyframework.com

Follow Good Money Good Hands Good Work on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

Shankman.com
Faster Than Normal: Turbocharge Your Focus, Productivity, and Success with the Secrets of the ADHD Brain by Peter Shankman (https://www.amazon.com/dp/B01NARNVTX/ref=cm_sw_em_r_mt_dp_mVBOFbQ7XRRNR)

Michael Gerber—3 Secrets to Be Your Own Boss Nov 05, 2020

Show notes

Do you desire to make more than just a living? Like many small business owners, you want to grow but don't know how. Michael Gerber has revolutionized how small businesses can strategically build and expand. If you want to be a true entrepreneur, he says you need repeatable systems (think McDonalds), a blank piece of paper with a beginner's mind and to avoid the fatal mistake business owners make.

What you will learn:

How to keep a 10,000-foot view of your business
Why most small businesses fail
Money is the product of passion
The driving force behind the True Entrepreneur
How to scale a business
Intentionality is more important than hope
The 5 essential skills

Quotes:

"It means that every single one of us must rise above who we are, rise above where we are, rise above what we do and help you think about what we do, and in the process of rising above it and enabling us to look down upon it, so to speak, we suddenly see it with a clarity that has never existed before while we were all caught up in the midst of it." – Michael Gerber
"So, they go into business for themselves to get rid of the boss, thinking, 'I can do this for myself. I don't need a boss.' And the moment they do that they become their boss, and now they're working for a lunatic." – Michael Gerber
"It's almost like when an airplane leaves the runway, if they're not tacking toward the right destination, they will clearly land at the wrong airport." – Derrick Kinney
"As we go to work on what we do and experience the vitality and liberation of energy in the process, the money comes." – Michael Gerber
"It's a system and one can rise above that system and take in all of the component operating parts of that system and begin to work on each and every one of those integrated parts of that system. That's what a truly fluent, extraordinarily invested entrepreneur is looking at." – Michael Gerber
"The true entrepreneur is the dreamer, the thinker, the storyteller, the leader, and each and every one of them has his or her role in establishing the foundation, the platform, the viscera, the heart, the soul, the mind underlying this great growing enterprise that they're going to create." – Michael Gerber
"If everything's different, nothing's the same. And if nothing's the same, you can't grow it because it's chaos supreme. Just like every small business is today, chaos supreme." – Michael Gerber
"Hope has something to do with outside of our work. Intention has everything to do with inside of our work. Intention is an act of our mindset." – Michael Gerber

Free Valuable Report for our Listeners: 5 Ways Your Resentment of Money is Ruining the World

https://goodmoneyframework.com

Follow Good Money Good Hands Good Work on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

Michaelgerbercompanies.com
2020.radicalu.com
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It by Michael Gerber (https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280)

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