The Importance of Focusing on Your Money

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"I've had some friends that they're like, hey, you focus on money too much," the FJ says. "And I'm like, well, if you want to open a shelter someday, like you need money to do that." Fixed expenses are what can really change and impact your life: rent, insurance, health care or education. The car you drive also impacts your financial life; it's going to cost more than an older Jeep Grand Cherokee.

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.

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