CYLS 156: Black Wealth and Excellence 101 with Dennis Kimbro

Description

Episode Summary

Dennis Kimbro shares many rich stories from the thousands of interviews he has done over the last 25 years while conducting research on how black Americans earn their wealth, and what stops those who don’t. He speaks about his life philosophies, how he hopes to see the world change and how he uses his energy and his work to give back to younger black Americans.

Kevin Y. Brown

Kevin Y. Brown is a National Association of State Boards of Accountancy (NASBA) Center For Public Trust (CPT) “Being A Difference” award recipient, international speaker, entrepreneur, and author. The former MTV Networks host and NYC fashion marketer has created an international following as a speaker on personal excellence, effective communication, and leadership. Kevin has been featured by Black Enterprise magazine as a “Modern Man of Distinction” and highlighted in various publications for his self-help speaking work and helping students graduate college debt-free. Recognized for his commitment to empowering foster care youth and as a foster care system alumnus, he has also delivered the keynote address at the International Foster Care Organizations Conference in Sydney, Australia and Osaka, Japan. Kevin is currently the creator/host of Sirius XM’s “Create Your Life” series, a fellow in the New York Chapter of the Startup Leadership Program, and an active member of Kappa Alpha Psi Fraternity, Inc.

Dr. Dennis Kimbro

Dr. Dennis Kimbro is an author and a world renowned professor at Clark Atlanta University. He has spent his career interviewing people to glean as many success stories as possible from successful Americans of color. He earned a doctorate from Northwestern University where he studied wealth and poverty in underdeveloped nations. He is the author of five books, including Kevin’s personal favorite: “What Makes the Great Great.” He is a recipient of the Dale Carnegie Personal Achievement Award and In 2005, the National Black MBA Association presented him with the 2005 H. Naylor Fitzhugh award, recognizing him as one of the top professors in the nation.

Insights From the Episode

How to think about and organize your goals

Strategies for thinking about what is important to you

How millionaires build wealth by focusing on their financial legacy

How to use the internet to change the world

How saving your money and being selfless with your savings can lead to wealth

Strategies for incorporating mindfulness into all your actions

The secret to life in 3 hard questions

How to keep growing every day

Quotes From the Show

“You talk about humble and gratitude, that’s the foundation for everything I’ve done.” - Dennis Kimbro, Create Your Life Series, #156

“I never wanted to write a book. What I wanted to do was start a movement.” - Dennis Kimbro, Create Your Life Series, #156

On interviewing and observing millionaires of color: “They know that the underlying theme of this is like a relay race. A relay race isn’t won or lost on how fast the runners can advance. A relay race is won or lost on how capable one runner passes the baton from one to the next. Their relay race isn’t just creating wealth, but also using their life as a model to show black america a way out. - Dennis Kimbro, Create Your Life Series, #156

“A burning desire is an inner flame that cannot be extinguished. You will use the criticism, you will use the laughter, you will use their ridicule to propel you forward.” - Dennis Kimbro, Create Your Life Series, #156

“Service is the price you pay for the space you occupy.” - Dennis Kimbro, Create Your Life Series, #156, quoting Muhammad Ali

“All entrepreneurs do is solve problems. Solve a little problem, make a little money. Solve a big problem, and you make bank on bank.” - Dennis Kimbro, Create Your Life Series, #156

“Don’t find somebody that you can spend your life with, find somebody you can’t live without.” - Dennis Kimbro, Create Your Life Series, #156

“The biggest mistake that you will make in your life is to think that something outside of you will bring you happiness.” - Dennis Kimbro, Create Your Life Series, #156

Use your life in service of others, because money is not the bottom line. Love is the bottom line. - Dennis Kimbro, Create Your Life Series, #156

On what the world would miss if Kevin Y weren’t around: “They would miss the inspiration.” - Kevin Y Brown, Create Your Life Series, #156

“If someone is on the path to trying to achieve something then I’m all in. I genuinely love to see people win. It inspires me, because I believe in – I call it friendly competition. I want to see you go as high as you can so that I can have something to aspire to be.” - Kevin Y Brown, Create Your Life Series, #156

Resources Mentioned

Square

Favorite Book

Capitalism and Freedom by Milton Friedman

Lead the Field by Earl Nightingale

Favorite Quote

“Before you stand before your students today, never forget: A poor teacher complains. A good teacher explains. An excellent teacher demonstrates, but a great teacher inspires.” - W.E.B. Dubois

Keys to Create Your Best Life