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Good Money with Derrick Kinney

Barbara Huson—Is Money Guilt Costing You Cash?

Good Money with Derrick Kinney

Derrick Kinney

Investing, Entrepreneurship, Business

51.5K Ratings

🗓️ 22 February 2021

⏱️ 50 minutes

🧾️ Download transcript

Summary

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”

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Transcript

Click on a timestamp to play from that location

0:00.0

I know you're busy and you want the best for your family and as hard as you work,

0:04.5

you want your money to work as hard as you do. That's why we give you the tools so you can earn more,

0:10.3

save more and give more. That's right, I said give because here's what I believe. When you give,

0:16.5

it can actually help you make more money. In the good money community, we're here for you. Our goal

0:22.8

is to help you achieve your goals. And now here's the podcast.

0:34.0

Welcome to the Good Money Show where we believe money is not bad and good people should have more of it.

0:39.8

Good money in the hands of good people gets good work done. I'm your host Derek Kenney.

0:45.2

On our podcast, we give you tools so you can make more money and do more good. My guest today says

0:51.7

to freeze your credit cards like literally put them in the freezer. Barbara Hughes

0:57.1

knows that well after a painful divorce left her with over a million dollars of debt and three

1:03.4

children to raise. She says that by doing what you're scared to do puts you on the path to more money

1:09.9

and more opportunity. Barbara shares the unique challenges that women face in achieving financial

1:15.6

success and what they can do about it. And she tells us why women usually outperform men with

1:21.5

their investments. I think you'll enjoy my conversation with Barbara Hughes. Barbara, welcome to

1:27.1

the show. Thanks Derek, I really appreciate you're having me. Well, you have an insightful new book

1:33.9

that I have found fascinating. It's called Rewire for Wealth. Three steps any woman can take to

1:40.9

program her brain for financial success. We're going to unpack that. But first, I want to ask you

1:47.6

how did you get started helping women with money? Oh Derek, if anyone had told me this is what I

1:55.7

be doing. I would tell them they were crazy. I grew up in a wealthy family. My father was the

2:01.8

R of H and R block and the only advice he ever ever gave me about money was don't worry,

2:09.3

which I thought was wonderful advice. I didn't understand money. I just wanted to spend it.

2:15.9

And as he always told me, there will always be a man to take care of you and there always was.

...

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