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Good Money with Derrick Kinney

Ryan Pineda—How to Flip Your Way to Real Estate Millions

Good Money with Derrick Kinney

Derrick Kinney

Investing, Entrepreneurship, Business

51.5K Ratings

🗓️ 14 June 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

He went from making less than minimum wage playing minor league baseball to making a million dollars a month as an entrepreneur. Now, Ryan Pineda says the best investment he can make is himself. He explains his view that money belongs to God and how that belief allows him to take bigger risks and reap bigger rewards. If you’re struggling to make ends meet, Ryan shares tips on how to launch a side hustle that may pay more than your job.

What you will learn:

  • There’s nothing wrong with making money
  • Why you should have a stewardship mentality
  • Enjoy the ride of uncertainty
  • With more money comes more responsibility
  • How to launch a side hustle
  • There’s always a next move after failure
  • Don’t be a bottleneck

Quotes:

  • “Somebody has got to fund the missionary. Somebody’s got to fund the church. Somebody has got to give so that the pastors can go out there and preach, you know? So, there’s nothing wrong with making money itself, as long as you’re doing it in a godly way, a moral way.” – Ryan Pineda
  • “I’m not attached to my money. If I lose it, I lose it. It is what it is. That’s life. I can make more money again, but I can’t get more time back.” – Ryan Pineda
  • “It’s interesting because that stewardship mentality, whether you’re a Christian or not, just allowing the fact that you’re not owned by what you own, you’re managing it and not being managed by it, I have seen help so many people be successful.” – Derrick Kinney
  • “But would you rather play it safe and sit on the bench and just watch the outcome? Or would you rather get in the game and at least take a shot?” – Ryan Pineda
  • “I’ve struck out so many times. I’ve made so many errors. I’ve gotten out so many times that failure just becomes normal. And you understand it’s part of the process for success.” – Ryan Pineda
  • “I just want to improve every day in everything I do: my health, my companies, my relationships, my faith. I just want to get better every single day.” – Ryan Pineda
  • “If I’m going to start a new endeavor or do something, I know exactly how much time of mine it’s going to take, and if it’s too much, I just don’t do it. Because I’m not chasing the money.” – Ryan Pineda
  • “So, don’t be afraid of having too much success- that’s a good sign! It means devote more time to that.” – Ryan Pineda
  • “I know that for me, the best investment is on myself. I would rather take $10,000 and go start a business or a side hustle than throw it in the stock market.” – Ryan Pineda
  • “I will never sacrifice my goals because of the circumstance.” – Ryan Pineda

Free Valuable Report for our Listeners: “3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them”

https://goodmoneyframework.com

Follow The Good Money Show on Instagram!

https://www.instagram.com/goodmoneyframework

Recommended Resources:

  • Flip Your Future: How to Quit Your Job, Live Your Dreams, And Make Six Figures Your First Year Flipping Real Estate by Ryan Pineda (https://amzn.to/2Sms8CJ)

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Good Money, where we believe money is not bad, and good people should have more

0:11.6

of it.

0:12.6

Good money in the hands of good people gets good work done.

0:15.7

I'm your host, Derek Kim.

0:18.8

You know those days where your technology is just in a really bad mood, well, we had

0:24.5

one of those days just before I recorded Ryan Pineda's interview.

0:29.8

Ryan was such a good sport.

0:31.3

He knew we were having some technical problems, but he said, Derek, let's push through this

0:35.2

and do it.

0:36.2

Well, when we got to production, the sound quality was horrible.

0:40.8

So I was faced with a big decision.

0:42.7

Do I rerecord it or go with it?

0:45.2

And what Ryan told me was so good.

0:49.4

Every word he said, you need to hear, and I didn't want to risk him not saying those

0:52.8

same words again.

0:53.8

So we're going to roll this interview.

0:55.6

So keep in mind, you're going to want to listen really close.

0:59.1

Because it sounds like there's an 18-wheeler driving behind him the whole interview.

1:03.8

So the sounds terrible, but the words are gold.

1:07.5

So here we go.

1:10.8

My guest today, Ryan Pineda, had a lifelong dream to be a professional baseball player.

1:16.6

He made it to the minor leagues, but he struggled to make ends meet.

...

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