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Motley Fool Answers

Young Whippersnapper Mailbag

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 8 August 2017

⏱️ 24 minutes

🧾️ Download transcript

Summary

What’s on the mind of the kids these days? Turns out, probably the same stuff as you. We’ll answer questions submitted by The Motley Fool’s summer interns such as: How to prioritize saving for a retirement versus a house. Are high fee credit cards worth it? And what’s the best strategy around tax-loss harvesting?

Transcript

Click on a timestamp to play from that location

0:00.0

Support for Motley Fool Answers comes from our friends at Rocket Mortgage by Quick and Loans.

0:04.1

Home plays a big role in your life. That's why Quick and Loans created Rocket Mortgage. It

0:08.8

lets you apply simply and understand the entire mortgage process fully, so you can be confident

0:13.9

that you're getting the right mortgage for you. To get started, go to RocketMortgage.com

0:17.6

slash Fool.

0:18.6

This is Motley Fool Answers. I'm Alison Southwick and I'm joined Marketmortgage.com slash fool.

0:26.2

This is Motley Fool Answers. I'm Alison Southwick, and I'm joined as always by Robert Brokamp,

0:28.0

personal finance expert here at the Motley Fool.

0:29.1

Hi, Allison.

0:33.9

Hi. And we also have in the studio today, Sean Gates, planner with Motley Fool asset management, a sister company of the Motley Fool.

0:37.3

Nice.

0:38.3

And you're back in the studio today to help us answer some more questions.

0:41.3

Glad to be here.

0:42.3

It's summer, which means interns have descended upon Motley Fool H.Q.

0:47.3

And we thought it would be a great opportunity to learn more about what money issues are weighing on the minds of 20-something-year-olds.

0:57.2

Turns out the kids have questions that you probably have, too.

1:00.0

Questions like, is it better to save for a house or retirement?

1:04.4

How soon should you start paying off student loans and our high-reward credit cards worth the fee?

1:07.3

All that and more on this week's episode of Motley Fool answers.

1:14.1

Like I said, it's summer, which means that there are a lot of 20-something-year-olds running around the Motley Fool, more than usual, and maybe even younger than 20-year-old.

1:17.2

I don't even know how old these kids are.

1:18.6

They're in college, so some of them could be 18, 19? Who knows?

...

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