How to Set Up an Effective Allowance System for Your Children
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 26 October 2024
⏱️ 48 minutes
🧾️ Download transcript
Summary
An allowance can help children learn about saving, spending, and budgeting, in order to build essential money management skills.
Today's Stocks & Topics: BECN - Beacon Roofing Supply Inc., HCA - HCA Healthcare Inc., AVT - Avnet Inc., Market Wrap, How to Set Up an Effective Allowance System for Your Children, Key Benchmark Number: Treasury Yields, Gold, Silver, Oil and Gasoline, Annuities, CIVI - Civitas Resources Inc., CNQ - Canadian Natural Resources Ltd., GPN - Global Payments Inc., Valuations and Interest Rates, JOBY - Joby Aviation Inc., WPM - Wheaton Precious Metals Corp., FNILX - Fidelity ZERO Large Cap Index Fund, SCHD - Schwab US Dividend Equity ETF, Bank Earnings.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:05.0 | And for our podcast subscribers, this is Invest Talk. Independent thinking shared success. |
| 0:17.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving clients throughout the United States. |
| 0:27.0 | Here is KPP Financial Chief Executive Officer, Financial Advisor Justin Klein. |
| 0:36.0 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:40.0 | This is our Friday, October 25th, 2024 edition and appreciate you all tuning in for this final show this week. |
| 0:50.0 | Hope everyone is ready for, I think it's kind of hot, it's kind of hot it's kind of Halloween weekend right I know |
| 0:57.6 | There's a lot of Halloween parties going around and hopefully all make it to one and have your costumes ready. |
| 1:05.0 | But before we get to all of that, we are going to touch on today's market as well as some overarching |
| 1:15.4 | overarching themes that are important to cover |
| 1:18.0 | in today's ever-changing economic landscape. |
| 1:21.7 | And we are only about a week and a half away from the election |
| 1:24.6 | so certainly that will be on everyone's mind but most importantly this is |
| 1:28.8 | really about setting your frame of mind to see you can make better decisions with your money consistently your chasing returns, you're using logic instead of narratives and emotions, which are very common and easy default. |
| 1:49.0 | You know, that's how we are as humans. We are emotional beings and unfortunately that means our natural inclination is to |
| 1:59.2 | actually make bad decisions especially in the investment world. And so this is about resetting your mindset so that you can come from a place of logic and facts |
| 2:13.4 | and focus on the world that is, |
| 2:16.5 | not the world that you wish it to be, for example, |
| 2:19.3 | especially in these contentious political times, right? |
| 2:25.5 | And so that's what this show is about. |
| 2:28.5 | We do that mainly by answering your finance |
| 2:30.7 | and investment questions, but we also bring educational topics to the table. answering your |
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