• First Investments for Adult Children - Episode 576

  • Jul 16 2024
  • Length: 16 mins
  • Podcast

First Investments for Adult Children - Episode 576  By  cover art

First Investments for Adult Children - Episode 576

  • Summary

  • Kim dives into guiding young adults on foundational financial habits, focusing on the critical aspects of saving and basics of alternative investments. Discover why accumulating liquid savings is vital before diving into riskier options. Engaging and insightful, this episode equips you with strategies for building a stable financial future. Worth a listen for practical advice and motivation!

    Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

    Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers' thinking and strategies today!

    Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.

    Links and Resources from this Episode

    • For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
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    • https://prosperitythinkers.com/action/


    Show Notes

    • Adult children and finances.
    • Definition of accredited investors.
    • Minimum investments in alternative assets.
    • Focus on savings over interest rates.
    • Different forms of saving.
    • Learning about yourself and investments.
    • Importance of a growth mindset.
    • Changing perspective on failure.
    • Bicycle accident as a learning metaphor.
    • Holistic view of investments and cash.
    • Emergency funds for young adults.
    • Timeframe to build emergency funds.
    • Advice against going all-in on investments.
    • Importance of savings habits.
    • Using education to pick investments.
    • Example of a young couple investing in real estate.
    • Different investment paths for young professionals.

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