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Talking Real Money - Investing Talk

Money Lessons That Matter

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 5 May 2025

⏱️ 32 minutes

🧾️ Download transcript

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:...

Transcript

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0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.6

Let's go back to the basics.

0:13.1

Let's take investing back to where it all begins.

0:18.7

Let's reduce it all to its lowest common denominator.

0:23.4

Let's talk about the things that you need to do

0:27.4

to enjoy a successfully, financially secure future,

0:33.6

particularly when you're young.

0:35.7

What are the 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?

0:52.8

What are the lessons today, ladies and gentlemen, on talking real money,

0:58.4

the definitive list of things that every late teenager should know about money and investing.

1:07.1

And because I'm such a gentleman, I'm going to let Tom give the first five.

1:13.5

And I do not know what he's going to say.

1:15.7

That's true.

1:16.3

He doesn't.

1:16.9

I have no idea what he's going to say, which leaves me with doing five that are different than his five.

1:24.7

Major challenge.

1:25.7

Requiring me to be a little faster on the on the uptake here.

1:33.7

That's not a problem for you.

1:35.5

I don't think that's going to happen today because I'm an old guy taking Social Security already.

1:40.9

I don't think it's going to be a problem.

1:42.8

And by the way, one of the reasons we're doing this is I personally have taken on the

...

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