Yanely Espinal—Debunked: Personal Finance Myths Keeping You From Wealth

Good Money with Derrick Kinney

Derrick Kinney

Investing, Entrepreneurship, Business

5 • 1.5K Ratings

🗓️ 31 July 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s the biggest lie in personal finance you can believe: You’re either born with financial knowledge or you’re destined to become a financial failure forever. And there’s no between.

That is completely false—and my guest today is ready to flip the script on everything you thought you knew about money. While working as an elementary school teacher, Yanely Espinal decided to change her financial life by paying off $20,000 of debt in just 18 months. Then in 2015 she started a YouTube channel to help others learn the money skills she never learned in school called MissBeHelpful. And it has over 2.5 million views,

Today, Yanely works with a nonprofit called Next Gen Personal Finance, where she’s on a mission to ensure every high school student gets a full semester of personal finance education. And she’s the author of the new book, Mind Your Money.

In our conversation, Yanely reveals why her understanding of money was rooted in shame and embarrassment for so long and the biggest lies so many students and entrepreneurs believe about money. Plus, how she was able to pay off $20k of debt as a teacher and why lending money to a friend can be a huge mistake. This is a no-shame and candid money conversation I think you’ll love.

Buy Yanely’s new book HERE.

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

Ready to take your business to the next level? Schedule a call with Derrick today here: www.GoodMoneyFramework.com/consulting

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

Transcript

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0:00.0	Welcome to the Good Money Podcast, where we believe money is not bad, and good people
0:12.4	should have more of it.
0:14.0	We help business owners and entrepreneurs, just like you, build their business and build
0:18.5	their wealth so they can do more good.
0:21.4	We know that running a business can be hard, and sometimes lonely.
0:25.5	You deserve to know how to be successful now.
0:28.7	That's why each week we give you access to the best business minds.
0:33.0	We bring you insightful interviews, impactful stories, and the inspiration you need so you
0:37.8	can build the business you want and enjoy more meaning and freedom in your life.
0:42.8	I'm your host, Derek Kenney.
0:46.4	It's the biggest lie in personal finance you can believe.
0:49.8	You're either born with financial knowledge, or you're destined to become a financial
0:54.6	failure forever.
0:56.0	And there's no in between.
0:57.8	Money is completely false.
0:59.6	And my guess today is ready to flip the script on everything you thought you knew about
1:04.6	money.
1:05.6	While working as an elementary school teacher, Yaneli Espanol decided to change her financial
1:10.7	life by paying off $20,000 of debt in just 18 months.
1:16.2	Then in 2015, she started a YouTube channel to help others learn the money skills she
1:22.0	never learned in school called Miss Be Helpful.
1:25.4	And today, it has over 2.5 million views.
	...

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