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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI281: Designing Your Game Plan for Financial Success w/ Devon Kennard

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 18 July 2023

⏱️ 64 minutes

🧾️ Download transcript

Summary

Robert Leonard chats with Devon Kennard about designing your game plan for financial success, including what financial success actual means, how it plays into having a happy life, whether net worth or cash flow is more important, what a money personality is, how the conversations around money have changed in professional sports, and much, much more. Devon Kennard is an NFL player, entrepreneur, and real estate investor. He was also nominated for the prestigious Walter Payton Man of the Year Award in 2019. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 06:24 - What financial success means. 15:44 - How the conversations around money have changed in professional sports. 29:01 - How financial success plays into a happy life overall. 37:56 - What a money personality is. 58:19 - Whether net worth or cash flow is more important. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Devon’s book It All Adds Up. Robert’s book The Everything Guide to House Hacking. Related Episode: Listen to REI152: NFL’ER Has Time for Real Estate, so Do You w/ Devon Kennard, or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert:  Twitter Connect with Devon: Website | Twitter | Instagram Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.1

In today's episode, I chat with Devon Kinnard about designing your game plan for financial

0:06.8

success. This includes what financial success actually means, how it plays into having a happy

0:13.0

life, whether net worth or cash flow is more important, what a money personality is, how the

0:18.4

conversations around money have changed in professional sports,

0:21.7

and a bunch more.

0:23.3

Devon Conard is an NFL player, entrepreneur, and real estate investor.

0:27.2

He was also nominated for the prestigious Walter Payton Man of the Year Award in 2019.

0:33.4

And now, without further delay, let's get right into this week's episode with Devon Kennard.

0:38.1

You're listening to Millennial Investing by the Investors Podcast Network,

0:43.1

where your host, Robert Leonard, interviews successful entrepreneurs, business leaders, and investors

0:48.9

to help educate and inspire the millennial generation.

1:05.6

Hey everyone. Welcome back to the millennial investing podcast. I am your host, Robert Leonard, and with me today, I bring back Devon Kinnard. Devon, welcome back.

1:10.4

Thanks for having me, man. I had a great time last time,. I'm glad to be back, man. Yeah, we last talked on episode R-EI-152, so it's actually on our real estate show, but that was back in December. And I recommend people go back and listen to that episode. But for those people who haven't heard it yet, give us a quick rundown on your background and who you are. Yeah, so my name is Devon Kinnard. I just finished my ninth year in the NFL. I'm like kind of in between to figuring out what's going to be next. I want to play one more year to hit 10 years in the NFL, but I'm also, my body's talking to me a little bit. I have a lot of ventures going on

1:45.1

off the field, so I'm in that in-between phase. You know, I'm still training and ready to go for

1:50.5

my 10th year, but I'm also looking forward to what's next. Outside of that, I've been investing in

1:55.9

real estate since my rookie season. I have a portfolio of properties, over 20 properties now personally, but I also

2:02.1

invest heavily in syndications. I've invested in over 50 syndications, and I've gotten really

2:07.2

into the lending sector. I've been doing some hard money short-term lending on my own and growing

2:13.3

that business as well. So real estate is the game I like to kind of play in. I've been doing it for

2:18.4

the last nine and a half years at this point. And I'm super passionate about financial literacy and

2:24.4

growing, which is why I, you know, came out with my book that was released April 18th. It all adds up

...

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