Ditching College for Cash Flow: How My 20-Year-Old Son Bet on Himself and Made His First Deal

Good Money with Derrick Kinney

Derrick Kinney

Investing, Entrepreneurship, Business

5 • 1.5K Ratings

🗓️ 25 September 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As a parent, I know you’d love for your kids to own a business so they can control their financial future. But you’re not sure how to guide them towards financial independence—especially if no one ever taught you money, business, and success skills.

Today is a special bonus episode of the Good Money podcast with my son Conner. He chose not to go to college and start real estate investing instead. I told him when he bought his first property that I'd bring him on the show to share with you how he did it. And at 20 years old, he just did his first deal and bought a duplex!

Today, Conner reveals the big decision he made that seemed crazy and how he went from not knowing much about real estate to creating his first deal. Plus, how he’s responded when people question him and how he’s built relationships with some of the biggest investors in south Texas. And what it’s like to run a business while your friends are still in college.

Conner shares some practical insights that might be really helpful to hear as a parent. If you're eager to see your kids flourish financially and grow into independent, successful entrepreneurs, then this episode is for you.

Follow Conner on Instagram HERE.

Get access to Simple Teen Success HERE.

Order your copy of the USA Today and Wall Street Journal bestselling book Good Money Revolution here: https://amzn.to/34hSonE

Ready to take your business to the next level? Schedule a call with Derrick today here: www.GoodMoneyFramework.com/consulting

For daily tips to help you make and save money, follow us on Instagram @derricktkinney

Transcript

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0:00.0	Welcome to the Good Money Podcast, where we believe money is not bad, and good people
0:12.5	should have more of it.
0:14.1	We help business owners and entrepreneurs, just like you, build their business and build
0:18.6	their wealth so they can do more good.
0:21.4	We know that running a business can be hard, and sometimes lonely.
0:25.5	You deserve to know how to be successful now.
0:28.8	That's why each week we give you access to the best business minds.
0:33.0	We bring you insightful interviews, impactful stories, and the inspiration you need so you
0:37.8	can build the business you want and enjoy more meaning and freedom in your life.
0:43.0	I'm your host, Derek Kenney.
0:45.3	As a parent, I know you would love for your kids to own a business so they can control
0:50.4	their financial future.
0:52.2	But you're not sure how to guide them towards financial independence, especially if no
0:56.7	one ever taught you money, business, and success skills.
1:01.0	Or maybe you've tried to teach your kids about money and business, but it just feels
1:05.0	like they're not listening, which leaves you and them feeling frustrated.
1:10.2	I have a deep passion for helping young people reach their full potential, and this tension
1:15.3	that parents like you feel with your teens is real.
1:18.5	I've been there.
1:19.6	So today we have a special bonus episode of the Good Money Podcast, and I have to be honest,
1:25.4	today's episode hits very close to home.
1:28.6	My guest today is my son, Connor.
	...

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