Let’s talk about money and “the youths” today! While a lot of personal finance advice is evergreen and helpful to folks of all ages, it’s also important to reach people where they are and in the way they like to consume information. As middle-aged dads, we hope to stay relevant, but we don’t have the same street cred as our guest today. We’re joined by Lillian Zhang who, as a first generation born American, carved her own path by figuring out the job search, learning how money works, and building wealth from scratch. She earned a degree from the Haas School of Business at UC Berkeley and now works in Silicon Valley by day while writing and publishing her book: The New Money Rules. Today we discuss:
- Gen Z feeling pressure to catch up with peers financially
- Social media influencing Gen Z's perception of wealth
- Riskier investments are appealing to younger generations
- Traditional 'get rich slowly' strategies are less popular among Gen Z
- Financial literacy is crucial for informed investing
- Having money, practicing personal finance early on to cement concepts like tradeoffs
- … and much more!
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