Why Literacy is Key in Managing and Growing Your Finances Effectively with Mariko Gordon
06/20/22 • 45 min
3 Listeners
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 stuffs 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:
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 stuffs 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:
Previous Episode
Keep Your Eye On The North Star and Remember Your Why with Fredderick Nettles, CEO of Segment Productions
Are you an entrepreneur and/or a creative who has already found your God-given purpose but is still having a hard time getting traction and results? Just like the ambitious person that you are, today’s guest also dreamt of achieving that goal in life. He talks with God at three o’clock and writes down ideas afterwards. With a clear vision of what he wants, he’d always write, write, and write, believing that he is on the right path. And yes, time passed, and he finally got to create a space that helps not only him but also those who need a hand! Hop in to know how he’s done it as we all manifest such a blessing in life!
Fredderick Nettles is the CEO of Segment Productions and is the host of the rising YouTube series “The Segment Live”. He aims to create a space for both underprivileged and influential athletes, entrepreneurs, and creatives as they share their journey through life from their own perspectives.
In this episode, Fredderick Nettles shares how Segment Productions came to existence as he talks about the importance of keeping yourself focused on the mission that you have in life.
“You have to keep the mission. Keep your eye on the North Star. Why are you doing what you’re doing? Nothing else matters. The money doesn’t matter. Having people alongside you doesn’t matter. Because at the end of the day, you have to have this thought and this knowing and feeling that what you’re doing is right. As long as you keep the mission a part of your North Star, nothing else matters and everything else will come in its time.” – Fredderick Nettles
Topics Covered:
(00:00:00) Introduction + Episode Snippet
(00:00:28) Ads (Go to www.zerogravityskin.com and use Dr. Derrick’s code “DrDerrick30” to receive 30% off your purchase)
(00:01:17) Welcoming today’s guest, Fredderick Nettles
(00:03:10) Walking in purpose: How being an ambitious kid eventually led Fredderick to the life he’s currently living
(00:06:08) A platform for your story: Talking about the birth of the Segment Productions
(00:10:07) 3AM with God: Fredderick shares his practice of writing down ideas, usually after talking with God
(00:12:53) What you’re doing is right: “As long as you keep the mission a part of your North Star, nothing else matters and everything else will come in its time.”
(00:14:23) Hello, Stranger: Story behind the person he met while he was at The Grove
(00:22:04) Let’s Connect: How Dr. Burgess ended up being invited to be part of Nettles’ show
(00:25:15) Shots All Done: Fredderick talks about the episodes of “The Segment Live” along with the lesson he learned
(00:30:00) Looking Forward: What are the goals Fredderick is aiming to achieve in the next three years?
(00:31:40) Three people Dr. Burgess needs to bring in the podcast
(00:33:53) Final Timeout: Piece of advice for people who can’t get traction
Key Takeaways:
“The entrepreneurial lifestyle is not for everyone. You’re gonna get a lot of no’s. You’re gonna have a lack of funding most of the time, if not 98% of the time. It’s the other two percent that will help repel you to a new level, wherever that new level may be. The work starts once you write that thought process.” – Fredderick Nettles
“I definitely don’t regret anything that’s happened up until this point. Every part of this process has been very beneficial to not only my growth, personally, but to the growth of the production.” – Fredderick Nettles
“Just don’t give up. If you believe that what you’re doing is right, keep your eye on the North Star and remember your why. No one can stop what God has planned for you.” – Fredderick Nettles
Connect with Fredderick Nettles:
- LinkedIn: https://www.linkedin.com/in/fredderick-nettles-b736a8b5
- Instagram: https://www.instagram.com/frednetlive
- YouTube: https://www.youtube.com/channel/UCLdA8lpRfWH38DYd-aNA_uw
Connect with Dr. Derrick Burgess:
- Website: https://www.drderrickthesportsdr.com/
- Instagram: https://www.instagram.com/drderrickthesportsdr/
- Facebook: https://www.facebook.com/TimeOut.SportsDr
- Email: [email protected]
Next Episode
1 year of podcasting: the challenges, the victories, and the lessons
What does it takes to begin and do something that allows you to achieve a thing that you’re passionate about? How helpful podcast is in our present time in different fields?
It has been said that “The secret of getting ahead is getting started.” A lot of individuals can relate to this matter. Because in this life, we have our own goals and ideas we hope to come true but things will not be going to happen if we stay on our chairs and wait for them to manifest. We all have to stretch our abilities and take the first step. Allowing ourselves to encounter difficulties, pressures, and hardships while we strive for the aim.
In this solo episode, Dr. Derrick Burgess is here to share with us how his journey in this TimeOut with the Sports Dr. Podcast had started. Telling us a glimpse of its birth, present status, and the things that it looks forward on the years ahead.
“Consistency is showing up when I don't feel like it. Showing up when I don't want to sit behind the microphone and talk just by myself but learning how to do that is a part of the process.”
– Dr. Derrick Burgess
Topics Covered:
(00:00:00) Starting off with a few notable clips from our previous episodes with Dr. Nii Darko, Dr. Sylvia Perry, and Dr. William “BJ” Hicks
(00:03:36) Acknowledgment for ceratin celebrations: Father’s Day, Juneteenth National Independence Day, and this podcast’s first anniversary!
(00:05:44) Advertisement: Zero Gravity Skin: a leader in the aesthetic device market. Visit www.zerogravityskin.com and use my code: DRDERRICK30 to receive 30% off your purchase.
(00:06:38) The Birth of TimeOut with the Sports Dr. Podcast
(00:09:37) Coaching is important: Coaching will make you speed a longer process
(00:09:35) The goal of this podcast: A medium that will help first-generation professionals
(00:11:23) The theme of the podcast: The intersection between life, sports, and medicine
(00:12:04) Advertisement: Saber training bat is like no other training bat you’ve used before.
(00:14:18) Podcast as a Passion project
(00:14:50) Consistency is the key: One of the main reasons for this Podcast’s success
(00:15:47) The need to get started: Face the pressure, learn and grow
(00:17:22) The networking: Meet and interact with people that are like-minded
(00:18:00) The benefit of Podcasting: A give-and-take learning
(00:18:32) Looking Forward: New corporate partners, sponsors, and future growth achievements
(00:19:32) Connect with Dr. Derrick Burgess
Key Takeaways:
“Like many things in life, you can ponder for an idea and wait for it to be perfect and to manifest but without starting it will not going to happen.”– Dr. Derrick Burgess
“You can learn many lessons on your own but in order to speed a longer process, coaching can get you there.”– Dr. Derrick Burgess
“I knew I needed to get started. Just feel to have the pressure of being behind the microphone, have the butterflies in nervousness to get that all out of the way so that I could learn and grow.” – Dr. Derrick Burgess
Connect with Dr. Derrick Burgess:
Website: https://www.drderrickthesportsdr.com/
Instagram: https://www.instagram.com/drderrickthesportsdr/
Facebook: https://www.facebook.com/TimeOut.SportsDr
Email: [email protected]
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/timeout-with-the-sportsdr-podcast-195223/why-literacy-is-key-in-managing-and-growing-your-finances-effectively-21546230"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to why literacy is key in managing and growing your finances effectively with mariko gordon on goodpods" style="width: 225px" /> </a>
Copy