Gen Z vs. The Old Money Rules w/ Lillian Zhang #1070
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 3 December 2025
⏱️ 54 minutes
🧾️ Download transcript
Summary
Let’s talk about money and “the youths” today! While a lot of personal finance advice is evergreen and helpful to folks of all ages, it’s also important to reach people where they are and in the way they like to consume information. As middle-aged dads, we hope to stay relevant, but we don’t have the same street cred as our guest today. We’re joined by Lillian Zhang who, as a first generation born American, carved her own path by figuring out the job search, learning how money works, and building wealth from scratch. She earned a degree from the Haas School of Business at UC Berkeley and now works in Silicon Valley by day while writing and publishing her book: The New Money Rules. Today we discuss:
- Gen Z feeling pressure to catch up with peers financially
- Social media influencing Gen Z's perception of wealth
- Riskier investments are appealing to younger generations
- Traditional 'get rich slowly' strategies are less popular among Gen Z
- Financial literacy is crucial for informed investing
- Having money, practicing personal finance early on to cement concepts like tradeoffs
- … and much more!
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
- Lillian’s new book: The New Money Rules, but you can also keep up with her on Insta, TikTok, LinkedIn, and YouTube.
- Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
- Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
- Find a thriving community of fellow money nerds by joining the HTM Facebook group!
- Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
Best friends out!
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.5 | Guaranteed Human. |
| 0:04.0 | Welcome to How to Money. |
| 0:05.6 | I'm Joel. |
| 0:06.4 | And today I'm talking Gen Z versus the old money rules with Lillian Zang. |
| 0:32.8 | Okay. Okay, let's talk about money and the youths today. |
| 0:37.3 | While a lot of personal finance advice is evergreen and helpful to folks of all ages, |
| 0:42.3 | it's also important to reach people where they are and in the way they like to consume information. |
| 0:46.4 | As a middle-aged dad, I hope to stay relevant for a long time to come, |
| 0:49.9 | but I don't think I'll have the same street cred as my guest today. |
| 0:56.7 | So I wanted to have Lillian Zhang on to talk about the particular hurdles Gen Z faces on the financial front. |
| 1:00.9 | And the new money rules, Lillian thinks they should follow. |
| 1:04.4 | Lillian, I promise not to tell you to get off my lawn. |
| 1:06.5 | Thank you for joining me today on the podcast. |
| 1:07.6 | Thank you, Joel. |
| 1:10.5 | I'm super excited to be here today and speak to you. |
| 1:13.9 | I'm so glad to have you. First question I ask everybody who comes on is what do you like to splurge on? Craft beer is my big splurge, but hey, it's okay |
| 1:19.1 | because I'm saving and I'm investing for my future. I'm not blowing it all on beer. What's your splurge? |
| 1:24.8 | My splurge personally is definitely on convenience, so things that make my life |
| 1:29.1 | easier or help me save time. And so one thing is I live near San Francisco, and if you know |
| 1:34.5 | anything about S-Up, the hills there are insane. So I really try to avoid driving there. So I really |
| 1:40.4 | like to splurge on Uber's while I'm in the city. In terms of other splurges, I like to splurge on food meal prep kits to help me not think about cooking as much. |
... |
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