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Good Money with Derrick Kinney

Money Hot Topics: Investing 101

Good Money with Derrick Kinney

Derrick Kinney

Investing, Entrepreneurship, Business

51.5K Ratings

🗓️ 19 April 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

You requested and we listened. Welcome to our first “Money Hot Topics” episode all about INVESTING! We get it. Investing feels complicated and intimidating. That ends today. Here’s the truth: if you’re not investing, you’re missing out on a huge money-making opportunity. Listen as Derrick reveals his best investing tools and tips that you can immediately implement so your money works hard for you. You’ll walk away with your investing questions answered and start feeling confident about how to make money.

What you’ll learn…

  • Why you should invest no matter how much money you have
  • 4 lanes of investing
  • Biggest trends you should capitalize on
  • Different levels of risk and how to assess each one
  • How long to hold a stock and when to buy or sell

Quotes worth reading…

  • “I know that you work hard for your money and I want your money to work equally as hard for you.” – Derrick Kinney
  • “Investing is simply taking your money, putting it somewhere with an expectation it's going to grow.” – Derrick Kinney
  • “As an investor, you have to ask yourself, if you voted for the president or not, ‘how can I make money based on what the situation is?’” – Derrick Kinney
  • “Keep disciplined and gradually adding money and eventually the sun does come out and you're betting and you're investing with belief that the market will turn around.” – Derrick Kinney
  • “When you pay cash, research verifies this, you actually spend less money. If you just pull out the little plastic square as I call it and pay for things, you're going to be spending about 20% more because cash doesn't physically leave your purse or your wallet.” – Derrick Kinney
  • “I want to help our listeners take control, even at a very small level, so they can begin to manage their life and not be managed by it.” – Derrick Kinney
  • “How you manage your money, whether small or big, is the first step to taking control of not just your short term, but your long-term financial future.” – Derrick Kinney
  • “You're going to need to have faith in the long-term of the market, but also you don't have to invest just in the market. You can invest in real estate. You can invest in shoes. There's a lot of collectible areas that are out there.” – Derrick Kinney
  • “The key is to find a philosophy that you buy into and can follow and really understand and that will empower you to make good decisions. Even when times get tough, you'll want to make them because you tied your savings to a goal and a purpose, and that will drive you when things get hard.” – 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

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Transcript

Click on a timestamp to play from that location

0:00.0

What's the first word that pops into your head when you hear the word investing complicated,

0:06.0

boring, intimidating? Maybe you've made some big money mistakes or money has caused hurt and pain

0:12.7

in your life or you believe there's no point in trying to manage money again because you'll just

0:18.1

make the same mistakes. I understand. Here's the truth. Investing money feels overwhelming and it

0:25.3

often causes people not to take action but it's just not right. You deserve to have the tools

0:31.7

so you can make money and reduce your stress. Today I'll show you how.

0:43.7

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

0:49.1

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

0:55.6

All right you requested and we listened and today we're giving you the episode you've been waiting for

1:01.6

investing 101. Whether you don't know where to start when it comes to investing or you've spent time

1:06.8

putting money in the market this episode gives you the tools and tips you can implement so your

1:12.4

money can work hard for you. As always you can visit goodmoneyframework.com for free downloads

1:19.0

and while you're there you can send me a question that I'll answer on the podcast. Just go to

1:24.1

goodmoneyframework.com and press the Ask Derek button in the right hand corner or email me at

1:30.4

helloatgoodmoneyframework.com. Last but not least if you've already subscribed to the podcast

1:36.7

thank you. If not all you have to do is click the little subscribe button in your podcast player

1:42.1

and you'll get next week's episode as soon as it lands. New shows every Monday.

1:48.6

Welcome to the first money hot topics episode where I'm breaking down the hottest topics in money

1:54.2

and what you need to know about them. We're going rapid fire today and I'm so excited to have a special

2:00.0

co-host with me. She's the general manager of goodmoneyframework but around here we like to call

2:05.3

her the chief of keeping everyone in line. Lauren welcome to the show. Derek thanks so much for having

2:12.4

me. We've received a lot of questions in our inbox lately all about investing. Now investing is

...

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