Doug Lynam—From Monk to Money Manager: Why Becoming Wealthy Isn’t Bad

Good Money with Derrick Kinney

Derrick Kinney

Investing, Entrepreneurship, Business

5 • 1.5K Ratings

🗓️ 25 July 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Doug Lynam grew up in a family who idolized money. So what did he do? He ran away to a monastery and took a vow of poverty. After all, the monastery believed money was the root of all evil. But things didn’t go the way Doug wanted. His family was shattered and the monastery went bankrupt. So what exactly was the right answer?

Today, Doug reveals his incredible journey of redefining his relationship with money and rediscovering the good that money can do. Plus, you don’t want to miss when Doug describes his worst money mistake. It’s powerful. Doug packed so much value into our conversation—and I think it’s one you’ll want to listen to over and over again.

If you liked this episode, give this one a listen too: Dr. Mike Norton—Money Can Buy You Happiness

Get Doug’s new book here: https://amzn.to/3teaNer

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

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

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Transcript

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0:00.0	Welcome to the Good Money Podcast, where we help you build your wealth and take control
0:12.1	of your financial future.
0:13.9	I'm your host, Derek Kinney.
0:17.1	Doug Lina, a group of family who idolized money.
0:20.4	So what did he do?
0:21.6	He ran away to a monastery and took a vow of poverty.
0:26.0	After all, the monastery believed money was the root of all evil.
0:30.2	But things didn't go the way Doug wanted.
0:32.8	His family was shattered and the monastery went bankrupt.
0:36.4	So what exactly was the right answer?
0:39.1	Today, Doug reveals his incredible journey of redefining his relationship with money
0:44.7	and rediscovering the good that money can do.
0:48.3	Plus, you don't want to miss when Doug describes his worst money mistake.
0:54.2	It is powerful.
0:55.9	Doug packed so much value into our conversation.
0:58.8	I think it's the one you'll want to listen to over and over again.
1:03.0	Doug, welcome to the Good Money Podcast.
1:05.4	Well, thanks, Derek.
1:06.4	It's an honor to be here.
1:07.4	Thanks for inviting me.
1:08.4	Well, I'm excited to have you and you have a very interesting story.
1:12.7	You grew up in a wealthy family, but you decided to rebel against the world of materialism.
	...

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