MTI071: Millennials and Investing with Katie Brewer

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 29 January 2016

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

There are indications that millennials are scared to invest. Thanks to the memory of 2008, and watching their parents worry about losses to retirement accounts, many millennials are pulling back on their expectations. However, staying away from stock investing is

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.6	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.8	Welcome to this week's episode of the Money Tree Investing Podcast.
0:16.1	With us today is Katie Brewer from Your Richest Life. Welcome to the show, Katie.
0:23.0	Hi, Miranda. Thanks for having me on.
0:25.4	So today we are going to talk about millennial money. Katie makes it a point to help millennials
0:31.6	get ready for their financial future. Is that right? Yes. Yeah, I work with Gen X and Gen Y. So Gen Y is also known as
0:40.7	Millennials, kind of helping them out with, you know, getting a really good grasp on their finances.
0:46.9	Okay, great. So one of the things that I wanted to talk about because research shows that
0:51.6	millennials in particular have been reluctant to start investing.
0:56.8	So I wanted to talk about that today and talk about the importance of investing for millennials
1:01.6	and what millennials can do to get started, kind of what millennials need to know about investing.
1:08.3	If you want to go ahead and start sharing some of the things that you think that millennials need to know about investing. If you want to go ahead and start sharing some of the things that you think that millennials need to know about investing, what is one of the most important things that millennials should know?
1:19.9	In my experience, a lot of millennials are kind of trying to balance out maybe student loan debt or debt that they've incurred like credit card debt. They're trying to
1:30.8	balance that out with lifestyle, also trying to balance that out with short-term goals, like
1:36.1	maybe buying a house or maybe they need to replace a car. And so on that list of priorities,
1:41.2	a lot of times investing, which is a long-term strategy, gets kind of
1:46.2	pushed down. That's like number five on the to-do list. So a lot of what I help millennials with
1:54.4	is, you know, trying to balance those different things and to know that you don't have to just
2:00.2	pick one, you can usually focus on a
2:02.7	couple of them at the same time. So that's good to know. So what are some things that, I mean,
2:08.3	how much then of somebody's income should go toward investing? You mentioned paying down credit
	...

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