How to Start Saving and Investing with Ryan Jacobs and Matthew McGee

One of the things a lot of us regret is not getting serious about our finances at a younger age. By developing great financial savings and investment habits early, young adults can significantly increase their odds of long-term financial stability and success. If you have kids between the age of 16 and 30 or are in that age category yourself, and are wondering how to start saving and investing, this episode is for you. Marcelo Taboada and co-Host Lawrence Greenberg are joined by Ryan (20) and Matthew (17) for today's episode. Ryan and Matt share their refreshing perspectives on saving and investing. They talk about the important role social media plays in introducing young people to investing, the key lessons they’ve learned, their best advice for other young people, and so much more!Thank you for listening!Key Topics:Introducing Ryan and Matthew (4:37)How TikTok helped Matthew realize he should start investing (6:14)Why Ryan chose Boeing for his first investment (7:00)Ryan’s current portfolio strategy (8:55)Matthew’s portfolio composition (10:18)Managing the unknown aspect of cryptocurrencies (11:18)Using research to combat FOMO (14:09)Ryan and Matthew’s approach to learning about investing (16:08)How learning about crypto helps Matthew’s stock portfolio (18:08)Balancing saving and personal spending (20:31)Common pitfalls that prevent young people from saving and investing (22:46)Developing behaviours that will benefit your finances for life (24:57)Missteps in investing (26:08)Ryan and Matthew’s best advice for young people and saving (27:57)What young people need to know about investing (29:13)And much more!Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at [email protected] or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram