How important is it for us to have a good relationship with our money?
Why should we be comfortable enough to educate ourselves and talk about it?
Most people are taught to fear money and to hold on to it real tight, while others are taught that money moves, that it is something that flows as we live life. Some advisors really care for your wealth and growth, while there are some who just sell without helping you reach great heights. There are individuals who just keep on saving without taking the time to enjoy what they’ve got.
Most people still lack financial education, so I’ve invited an expert for today’s episode. Discover how managing your finances is just like using your GPS with Ms. Mariko!
Mariko Gordon mentors women who want to start a business, better manage their finances, or work through a tricky patch in life or business. She founded Daruma in 1995 and it lasted until 2019. Mariko has analyzed thousands of companies and interviewed hundreds of company management over her 30-year career as a bottom-up small-cap stock picker. No doubt, business is in her bones.
In this episode, Mariko educates us on how to effectively and responsibly handle, manage, and grow our finances as we embrace how powerful being knowledgeable is.
“Part of the financial intimacy is how to have a curiosity about the story your business is telling you and how to hear that story, because financials aren’t just numbers, just another language; it’s the love language of your business. So why wouldn’t you not want to speak the love language of your business and be really comfortable with that?”
– Mariko Gordon
Topics Covered:
(00:00:00) – Introducing today’s guest, Mariko Gordon
(00:00:36) – Advertisements
(00:02:12) – Where It All Started: How growing up with stories about businesses and markets led Mariko to do business around finance
(00:03:5)1 – Then and Now: The importance of having a multi-generational idea about money and its value
(00:06:38) – The Business: Talking about Daruma alongside the stories behind its success
(00:09:15) – Knowledge is Power: “You can’t plan your journey if you don’t know where your starting point is.”
(00:14:22) – This is For You: Some valuable financial advices from Mariko Gordon
(00:25:44) – Who Do I Trust: Things to take note of when looking for the person who will manage your finances
(00:32:12) – Rich vs. Wealthy: What are some of the habits of wealthy people?
(00:34:34) – Final Timeout: Why it’s a must for you to create a plan and not demonize your debt so you can set yourself up for success in the future
(00:42:50) – Connect with Mariko Gordon + Good words for the parents
Key Takeaways:
“Business has always been fascinating and very alive for me. And I think that’s the thing that people forget – that business is more like an animal; it’s always changing, a complex system that’s intellectually engaging.” – Mariko Gordon
“It’s really important to have a multi-generational idea about money because when families that don’t talk about money, it can create a lot of anxiety if there are issues, like the kids can pick up on that.” – Mariko Gordon
“The one message that I try to convey with everyone is how to feel empowered to take responsibility in stewardship for your assets and your wealth, that even if you outsource it to a financial planner or a financial adviser, that the responsibility, ultimately, is yours, and that’s just because they know something more than you. Them being more knowledgeable doesn’t mean that your bullshit detector should not be turned on at all times or that you shouldn’t evaluate them or that you should forget that you are the client.” – Mariko Gordon
“All these stuff that gets in our way gets in our way with money too. Whatever your thing is with money is your also thing with your relationships and also your thing everywhere else. Ultimately, your relationship with your money is a reflection with your relationship with yourself and how you interact with the world and how you deal with conflict and that kind of thing.” – Mariko Gordon
“If you like you’re befogged, then the interaction is not healthy. Because if you’re an average reasonably intelligent human being, [and] if the person you’re talking to leaves you feeling in a fog, it’s not just you. You’d want to work with somebody who helps you feel clearer about your thinking, not foggier.” – Mariko Gordon
Connect with Mariko Gordon:
Website: https://marikogordon.com/
Instagram: https://www.instagram.com/marikogordon/
Facebook: https://www.facebook.com/mariko.gordon
Twitter: https://twitter.com/marikogordoncfa
LinkedIn: https://www.linkedin.com/in/mariko-gordon-cfa-a59a20b
Connect with Dr. Derrick Burgess:
Website: https://www.drderrickthesportsdr.com/
Instagram: https://www.instagram.com/drderrickthesportsdr/
Facebook: https://www.facebook.com/TimeOut.SportsDr
Email: thesportsdoctr@gmail.com
