Financial Mistakes and Lessons Learned

The hosts discuss their experience with financial mistakes and lessons learned, including starting their financial education at a young age, the impact of purchasing a car they shouldn't have, and the importance of learning from mistakes and celebrating financial wins.

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Robert Leonard chats with Kelly Lannan about the four ways that young investors are learning about finances, what Fidelity is and what the company does, and much more!

Kelly Lannan is the Vice President of the Young Investors at Fidelity Investments. Kelly discusses different topics on financial literacy such as tackling student loan debt, putting together a budget, evaluating a job offer, and starting to invest.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

23:46 - Why Kelly thinks there has been a huge increase in the number of retail investors, and if technology or other factors have played a role in it.

29:13 - How the last year and a half of the pandemic has made an impact on the way young adults think about their money and what Kelly thinks still hasn’t changed.

31:07 - What unique challenges young adults face today that previous generations may not have encountered.

33:25 - The key differences between how Gen Z and Millennials approach their money and investing.

35:09 - How to teach people, especially young adults, to evaluate job offers and what they should look at besides salary.

And much, much more!

*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.
Erin Lowry’s books Broke Millennial, Broke Millennial Takes On Investing, and Broke Millennial Talks Money.
Ann M. Martin's books Baby-Sitters Club SET: Books 1-12.
Morgan Housel’s book The Psychology of Money.
JL Collin’s book The Simple Path to Wealth.
Grant Sabatier’s book Financial Freedom.
Daymond John’s book The Power of Broke.
All of Robert’s favorite books.
Related episode: Listen to MI087: How to Talk About Money w/ Erin Lowry, or watch the video.

NEW TO THE SHOW?

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SPONSORS

Support our free podcast by supporting our sponsors:

⁠CFI Education⁠
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Connect with Kelly: Website | LinkedIn

Connect with Robert: Website | Twitter | Instagram

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