Financial Advice You Wish You Knew as a Teenager
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.6 • 2.8K Ratings
🗓️ 16 November 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
Today’s episode of The Money Guy Show is inspired by a listener question. This listener wrote in to the show and asked us what advice we wish we knew as a teenager, because she is a youth group leader working closely with young adults. And what a great question this is!
So, we’re shifting today’s episode to speak directly to our teenage listeners and parents with teenagers. Even if you aren’t in this group of listeners, there are still plenty of useful and timeless tips we share to help set you up for financial success.
For more details, visit the show notes on our website: https://www.moneyguy.com/financial-advice-teenager
Transcript
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| 0:00.0 | This is a topic worth repeating. What's some advice you wish you to know as a teenager? |
| 0:22.1 | Welcome, Money Got Family. It's your host, Brian Preston, and guys, this is one that's |
| 0:26.7 | timeless. And it's actually near and dear to my heart because I have a teenager in the house. |
| 0:31.0 | And I want to give a happy report is because I did a show last year when my daughter was 14 |
| 0:38.2 | and it was titled Financial Advice for Teenagers Ways to Win with Money. And I want to tell you, |
| 0:45.1 | just in the last two to three weeks, we funded her Rothauer. |
| 0:49.6 | Oh, that's awesome. 2018. And what was... |
| 0:52.5 | And she's how? She's 15? |
| 0:53.5 | She's 15 now. And what's really fun for me, and remember, I do a dollar for Dollar Match. |
| 0:58.0 | What's really fun for me is that she hit the market on a good time with dollars volatility that |
| 1:03.1 | over the next three to four days, it was up about three or four percent. And I got her to see. |
| 1:09.3 | I showed her her in the account. I was like, look, how many hours would you have to work? And it was |
| 1:13.7 | 15 hours of babysitting to get her... Yeah, yeah. She got to see what it's like with the R-Made Dollars. |
| 1:21.0 | So, Money Got Family, this is an exciting one. So, go to MoneyGot.com. |
| 1:25.4 | Also, make sure you sign up. If you go to MoneyGot.com, give us your email address. |
| 1:29.5 | You know, we're constantly giving away stuff. I mean, I don't know if you guys caught it. |
| 1:32.9 | We just did a show with the next million in the next door. We gave away a lot of copies of that book. |
| 1:39.6 | So, and we give away Tumblr's when we do our live shows. Get connected with us because it's... |
| 1:44.5 | It's... Membership Pays. So, definitely join in. But what are we covering today and how did this |
| 1:49.8 | come about? Yeah. So, if you go to our website, MoneyGot.com, you can actually go there and |
| 1:53.5 | ask us a question. So, if there's something you curious about or you have a financial question, |
| 1:57.1 | you can ask us a... Or to even share a story. Or share a great story. And so, a lot of times, |
... |
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