The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Young Investors Getting Started w/ Kelly Lannan

Sep 1, 2023

Kelly Lannan, Vice President of the Young Investors at Fidelity Investments, discusses topics such as student loan debt, budgeting, evaluating job offers, and starting to invest. They also explore the increase in retail investors, how the pandemic affected young adults' mindset, unique challenges faced by young adults, and the differences between Gen Z and Millennials in their approach to money and investing.

58:00

Episode guests

Kelly Lannan

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Young investors are using social media platforms and online resources to learn about finances outside of traditional education.

Fidelity recommends starting with small steps like establishing an emergency fund and paying off high-interest debts when it comes to managing money.

The stock market has gained attention from young adults due to increased media coverage and social media influence, emphasizing the importance of long-term investing and caution towards frequent trading.

Deep dives

Kelly Lanan's Background and Fidelity's Role

Kelly Lanan, Vice President of Young Investors at Fidelity Investments, shares her journey and discusses Fidelity's role in helping people manage their finances. Fidelity is committed to helping people live the lives they want by providing a range of products, services, and educational resources to support financial well-being.

Introduction

3min

Empowering the Next Generation through Financial Education

12min

Getting Started with Finances for Young Adults

5min

The Importance of Building an Emergency Fund

18min

Show Sponsors and Art Investing

3min

Investing or Paying off Debt: Which Comes First?

17min

Financial Mistakes and Lessons Learned

3min

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.

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