The Prosperity Podcast First Investments for Adult Children - Episode 576
Kim dives into guiding young adults on foundational financial habits, focusing on the critical aspects of saving and basics of alternative investments. Discover why accumulating liquid savings is vital before diving into riskier options. Engaging and insightful, this episode equips you with strategies for building a stable financial future. Worth a listen for practical advice and motivation!
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Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers' thinking and strategies today!
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Links and Resources from this Episode
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Show Notes
- Adult children and finances.
- Definition of accredited investors.
- Minimum investments in alternative assets.
- Focus on savings over interest rates.
- Different forms of saving.
- Learning about yourself and investments.
- Importance of a growth mindset.
- Changing perspective on failure.
- Bicycle accident as a learning metaphor.
- Holistic view of investments and cash.
- Emergency funds for young adults.
- Timeframe to build emergency funds.
- Advice against going all-in on investments.
- Importance of savings habits.
- Using education to pick investments.
- Example of a young couple investing in real estate.
- Different investment paths for young professionals.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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