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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI115: Young Investors Getting Started w/ Kelly Lannan

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 20 October 2021

⏱️ 61 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:   22:26- Why Kelly thinks there has been a huge increase in the number of retail investors, and if technology or other factors have played a role in it. 27:53 - How the last year and a half of the pandemic have made an impact on the way young adults think about their money and what Kelly thinks still hasn’t changed. 29:47 - What unique challenges do young adults face today that previous generations may not have encountered? 32:05 - What are the key differences between how Gen Z and Millennials approach their money and investing? 36:29 - How to teach people, especially young adults, to evaluate job offers and what they should look at besides salary. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Get a FREE audiobook from Audible. Read the 9 Key Steps to Effective Personal Financial Management. Check out our Investing Starter Packs about business and finance. Learn about our Investing Starter Packs on real estate. Erin Lowry’s books Broke Millennial, Broke Millennial Takes On Investing, and Broke Millennial Talks Money. Ann M. Martin's books Baby-Sitters Club SET: Books 1-12. Morgan Housel’s book The Psychology of Money. JL Collin’s book The Simple Path to Wealth. Grant Sabatier’s book Financial Freedom. Daymond John’s book The Power of Broke. All of Robert’s favorite books. Related Episode: How to Talk About Money w/ Erin Lowry. Fidelity's Spire App. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Kelly: Website | LinkedIn  Connect with Robert: Website | Twitter | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.5

A lot of people refuse to look at things like their student loan balance or even their credit score because they're afraid of what they're going to see. And instead of dressing it head on, they actually just avoid it. And as a result, they don't actually take the time to do anything about it. You know, a negative credit score, oh, I don't even look at it. I'm just going to avoid it so I don't do anything. I think the other thing, too, is that I think people naturally

0:25.4

think that when it comes to things like investing, for example, it's got to be complicated,

0:31.4

you know?

0:35.5

On today's show, I chat with Kelly Lannon about what Fidelity is and what the company does,

0:40.9

what the four ways are that young investors are learning about finances outside of just traditional

0:45.8

education, what she is finding is the main reasons why people haven't started focusing on their money

0:50.7

yet, where to get started with money, and a bunch more.

0:55.4

Kelly Lannin is the vice president of the young investors at Fidelity Investments. She is driven to educate and

1:01.0

inspire young adults to get more educated with their finances. Kelly discusses different topics

1:06.0

on financial literacy, such as tackling student loan debt, putting together a budget, evaluating

1:10.7

a job offer,

1:11.5

and starting to invest. Before we dive into this week's episode, I wanted to take a second to

1:17.6

thank everyone who applied for the podcast host job I've mentioned on the show over the last few

1:23.3

months. I was blown away by the quality of applicants, how many people applied, and the

1:29.8

awesome conversations I got to have with the people that I chatted with. Not only did that lead

1:34.6

to an awesome new hire, whose name is Clay, and we'll be introducing him here on the show

1:39.8

in the next few weeks, but it was really great to hear just how much this show means to people listening and

1:46.3

how it's changing people's lives.

1:49.1

As the main host for the past two years, it can sometimes feel like I'm in a silo.

1:54.0

I'm just recording this audio for you guys in my studio by myself, and we're putting out

1:58.7

the content into the world every week. But I don't get to

...

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