Wisdom for Our Children - Spending, Saving, and Investing

We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic.On this episode, we wrap up our Wisdom for Our Children series by exploring your advice for spending, saving, and investing. We have tons of valuable guidance for the young people in our lives. Be sure to listen to hear all the suggestions. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WISDOM FOR OUR CHILDREN [3:38] Learn to invest in yourself[9:02] How to create wealth[12:52] Some audio adviceAN INTERVIEW WITH MARK TRAUTMAN [21:24] Understanding compound interest[31:10] The best place for a young person to save[40:29] How to invest your long-term investmentsTODAY’S SMART SPRINT SEGMENT [48:44] Get a book for a young person in your lifeResources Mentioned In This Episode BOOK - The Daily Stoic by Ryan HolidayBOOK - Areté by Brian JohnsonBOOK - The Simple Path to Wealth by JL CollinsBOOK - Stacked by Joel Saul SehyBOOK - Profit First by Mike MichalowiczBOOK - The Scarcity Brain by Michael EasterRock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center