DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing DIY Money Jr - How to Get Started in Investing
Jun 18, 2025
Logan and Allie tackle the essentials of starting to invest, perfect for young enthusiasts. They emphasize the importance of having a comfortable workspace and the right investment platform. Their insights include wise strategies for beginners, like understanding risk and leveraging personal interests. Listeners learn practical tips such as the '10-10 plan' and the value of hands-on experiences. The hosts stress the significance of building a financial foundation with smart saving practices and savvy management for future wealth.
AI Snips
Chapters
Transcript
Episode notes
Use Savings For Short-Term Goals
- Keep money intended for short-term goals within five years in a savings account to avoid losses due to market fluctuations.
- Investing is better suited for money you don't need to access soon and are willing to accept value changes.
Invest in What You Know
- Start investing with apps that make it easy and provide helpful insights about stocks.
- Focus on companies you know and understand, especially trends you observe as a young person.
Start Custodial Accounts Early
- Open custodial investment accounts with parent involvement when underage; parents can invest on your behalf.
- Regularly allocate portions of allowance into savings and investment to start growing money early.