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Marketplace Tech

Learn how to invest — using computer games

Marketplace Tech

Marketplace

News, Technology

4.51.3K Ratings

🗓️ 26 May 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

For a lot of people, lessons about investing and personal finance are learned the hard way. Now, Marketplace has a new show on YouTube called “Financially Inclined” that aims to teach young people about money in a less painful fashion. It’s made in collaboration with Next Gen Personal Finance, a financial literacy non-profit, and hosted by Yanely Espinal, who says digital tools like computer games can help get inexperienced investors engaged.

Transcript

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0:00.0

Marketplace Morning Reports' new Skin in the Game series explores what we can learn about

0:04.6

money and careers from the $300 billion video game industry. Plus, here how an Oakland-based

0:11.0

program helps young people get the skills they need to break into this booming industry.

0:15.9

Listen to Skin in the Game and more from the Marketplace Morning Report wherever you get your

0:20.7

podcasts. Turning personal finance into a game from American public media, this is Marketplace

0:28.8

Tech. I'm Megan McCarty-Carrino.

0:40.4

For a lot of people, lessons about investing and personal finance are learned the hard way.

0:46.9

Now Marketplace has a new show on YouTube called Financially Inclined that aims to teach young

0:52.8

people about money in a less painful fashion. It's made in collaboration with next-gen personal

0:59.2

finance, a financial literacy nonprofit, and hosted by Yaneli Espinault, who says digital tools,

1:05.8

like computer games, can help get inexperienced investors engaged.

1:10.7

The reality is no matter how much you add money to a savings account, you just can't build wealth

1:16.0

inside of a savings account. You have to learn about investing to build wealth and there's lots of

1:20.0

ways to invest, but the most accessible, I would say pretty much anyone, regardless of your credit

1:24.9

score or how much money you have, you could start investing with a dollar and a Wi-Fi connection.

1:29.6

So I think it's really important for us to start teaching students about investing in the stock market

1:33.8

so we can really help them set themselves up for long-term success and not just thinking about

1:38.8

this month's, you know, next month's finances, but really thinking about the long term of their life.

1:43.8

Yaneli shows me an old school browser game made by next-gen personal finance

1:49.5

to help illustrate some of what she's talking about. So right off the bat, you start with some

1:53.9

money because, you know, you have to have something if you want to invest money, right?

1:57.6

I've been given $4,000, which is a pretty good chunk. That is a nice chunk.

...

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