Rich People Aren’t the Enemy—Here’s What Is!
Good Money with Derrick Kinney
Derrick Kinney
5 • 1.5K Ratings
🗓️ 9 August 2021
⏱️ 21 minutes
🧾️ Download transcript
Summary
Derrick Kinney says the time you spend villainizing the wealthy may be holding you back from your own financial potential. He explains ways the ultra-rich build their wealth by adding value to people’s lives and so can you! Derrick says you may not be the next billionaire, but a great idea or a side hustle can help you make more good money so you can impact the people and causes you care about.
What you will learn:
- How the rich often add value
- Entrepreneurs take risk
- The ultra-wealthy have different pay structures
- Money flows to the people that add value
- How do you feel toward the wealthy?
- Don’t let your criticism hold you back
Quotes:
- “The bottom line is that was a snapshot in time of a company that added value that was there when people needed it.” – Derrick Kinney
- “Just because you look at the big CEOs and those ultra-billionaires that are out there and they appear to have all the money, that does not mean that you can’t have money as well.” – Derrick Kinney
- “You may not become the next billionaire, but if you can develop an idea or even do a side hustle and begin to add value to people’s lives, you can dramatically increase that lever of increasing your wealth, which allows you to impact your family and the world around you.” – Derrick Kinney
- “Because the best way to alter your attitude about the wealthy is to buy the stock of the company you’re criticizing.” – Derrick Kinney
- “Hear my heart on this: my desire is for each of you watching and listening to have the same opportunity to become wealthy as well, however you define that.” – Derrick Kinney
- “Don’t stand behind your criticism of them and let that hold you back from the potential that you have financially to impact your family and yourself and the world around you. I believe your best days are yet ahead.” – Derrick Kinney
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Transcript
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| 0:00.0 | ultimately people are smart. You know that you work hard for your money and you want to make |
| 0:05.0 | sure you get value for it. If at any point a product or service doesn't consistently meet your |
| 0:10.6 | expectations, you'll do what? You'll stop buying it. And that's what keeps the entrepreneurial |
| 0:16.3 | system alive and well here in America. And even around the world is continually adding value to |
| 0:22.1 | people's lives. Because look, these companies know they're simply one competitor away from losing |
| 0:28.4 | the wealth they've built up. And so that's why there's an opportunity. So am I defending |
| 0:33.3 | the wealthy? No. But I'm also saying to all of you, don't stand behind your criticism of them |
| 0:40.0 | and let that hold you back from the potential that you have financially to impact your family |
| 0:45.7 | in yourself and the world around you. I believe your best days are yet ahead. |
| 0:58.2 | Welcome to Good Money where we believe money is not bad and good people should have more of it. |
| 1:03.6 | Good money in the hands of good people gets good work done. I'm your host, Derek Kinney. |
| 1:09.6 | I know you want to make more money. Who doesn't? After all, wouldn't it be awesome |
| 1:14.8 | to create the next booming business or have your product on Shark Tank? |
| 1:19.2 | The entrepreneurial spirit is often applauded. However, once those people start making lots of money, |
| 1:26.0 | I see people everywhere who love to villainize the wealthy and demand they give it back. |
| 1:32.8 | But what would you do if you realized this mindset was holding you back from making money |
| 1:38.8 | and that you can actually make money from genius inventions like Amazon? You might rethink the way |
| 1:45.2 | you see wealthy people. My special co-host Lauren is back with me today and we're digging into |
| 1:51.2 | all of this, starting with why rich people are villainized and how billionaires like Jeff Bezos |
| 1:57.6 | actually make money and it's not how you think. Then we ask you, is it right that he's making so |
| 2:04.6 | much money and how this mindset absolutely may be keeping you from making the money that you deserve? |
| 2:12.0 | We're not holding back when it comes to these controversial topics today and I think you'll be |
... |
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