Heidi Schauman: A Chief Economist's advice

Heidi Schauman is an experienced economist who, before joining Swedbank, served as chief economist at Aktia Bank and senior economist at Nordea Bank. Before this, she worked in various positions at the Finnish central bank, The Bank of Finland. Heidi holds a doctoral degree in Economics from the Swedish School of Economics, Hanken, in Helsinki (Finland). In this episode, she provides us with insight on what it means to be a Chief Economist as well as where the challenges of the profession lie. We also elaborate on the importance of providing children and young adults with the possibility to build up their own investment portfolio in order to learn about the role of money.The Top 5 key takeaways from her story:Children and young adults can/should start building their investment portfolios already at a young age. Kids need to understand money. Where it comes from and what´s its roll.Start small. 20 Euros are perfectly fine in serving as an entry-level. Explain the different investment options to your children before investing. Focus on companies that are familiar to them. That way they remain interested and find investing easier to understand. After all, they are the consumers of the future and might see things differently than adults.Let the kids take out potential wins as tangible “fruits” for their willingness to invest.Some banks offer stock-market games where children and young adults can “get their feet wet” with artificial money and create virtual investment portfolios.Ways to connect:https://www.linkedin.com/in/heidi-schauman-b257731/[email protected] https://twitter.com/schaumanheidi?lang=en