Money Lessons That Matter

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 5 May 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don and Tom get real about the most important lessons every young person should learn about money—before life (and bad decisions) get in the way. From money values to compound interest, tax realities to the unpredictability of markets, they each offer a list of financial truths no teen should graduate without. Along the way, they drop stories from their own lives, take questions from listeners, and somehow end up discussing soccer (and why Don still doesn’t get it). 0:04 Back to basics: What young people really need to know about money1:35 Why financial literacy is shockingly low and how Don is tackling it2:47 Tom’s top five lessons: values, saving habits, compound interest, taxes, and risk10:48 Don’s five(ish) truths: uncertainty, diversification, history, luck, and time18:33 Bonus lesson: Save and invest for what money can do, not just to have more19:04 Q&A: Should a 36-year-old shift from a target fund to DFAW and AVGE?22:02 Listener wants to up international exposure without “buying winners”24:47 Rebalancing tips: why it’s okay to shift your allocation now in retirement accounts25:24 Reflections on past podcasts, Lit Reading, and leaving a legacy26:30 Soccer vs. baseball: Don’s confused but still trying Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rated T for Teen.
0:02.0	Each year, thousands of adults lose their shred.
0:05.0	It's an epidemic simply known as shred loss, but it doesn't have to be this way.
0:09.0	Because rekindling your shred is as easy as playing the new Tony Hawk's Pro Skater 3 and 4.
0:14.0	With new parks, cross-platform multiplayer, and sick new game modes,
0:19.0	we can put an end to shred loss everywhere.
0:21.6	Hit the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.
0:25.6	Pre-order Tony Hawk's Pro Skater 3 and 4 and play the Foundry demo.
0:33.6	Reality Radio for a really great future.
0:37.9	We're talking real money.
0:40.6	Let's go back to the basics.
0:43.1	Let's take investing back to where it all begins.
0:48.7	Let's reduce it all to its lowest common denominator.
0:52.9	Let's talk about the things that you need to do
0:57.4	to enjoy a successfully, financially secure future, particularly when you're young. What are the
1:06.4	lessons that young people should learn about investing so that they don't mess up when they enter into adulthood or young adulthood or late teenhood and start earning money and putting it away for the future or hopefully doing that. What are the lessons?
1:24.7	Today, ladies and gentlemen, on talking real money, the definitive list of
1:30.9	things that every late teenager should know about money and investing. And because I'm such a
1:38.4	gentleman, I'm going to let Tom give the first five. And I do not know what he's going to say.
1:45.7	That's true.
1:46.3	He doesn't.
1:46.8	I have no idea what he's going to say, which leaves me with doing five that are different than his five.
	...

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