#investing matters more than ever. Individuals have been given greater responsibility for our financial future (a.k.a. retirement) without the necessary know-how to ensure that our financial goals are realistic and whether or not we can achieve financial independence.
Welcome to the 10th video in a series based on Gene Natali’s award winning personal finance book, The Missing Semester. This 13 video playlist, breaks the financial literacy book into a bite size piece followed by a single action step for you to apply after reading each chapter. This video discusses Chapter 9, Investing: Why It Matters. Read Chapter 9 of "The Missing Semester" for a deeper dive into this topic.
HERE'S WHAT YOU NEED TO KNOW:
Investing is the most important topic discussed in The Missing Semester, and it's never too early for you to start investing.
To ensure that you have money to invest, apply a "save first" approach. Consider this, save the money you make during the 1st hour of your work day, and spend the money you make over the next 7 hours, and do so automatically. Make investing as simple and seamless as possible by automating your investment contributions (i.e. deposit the money directly from your paycheck).
YOUR ACTION STEP:
Understand compound interest! We are living in a world where we are encouraged to try and "get rich quick." Time is your friend. Compound interest your friend. The sooner you bring these two together, the sooner you will be on the path to investing success and financial independence.
TIMESTAMPS
0:00 Investing is the most important topic in The Missing Semester
0:14 It's never too early to start
0:18 Save the money you make during the 1st hour of your work
0:39 Make investing as simple as possible
0:52 Understand compound interest
1:07 Time is your friend
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DOWNLOAD the Troutwood App:
iOS: https://apps.apple.com/us/app/troutwo...
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Web based: https://app.troutwood.com/
More from Troutwood:
FINULATOR: Enter the forest of finance and practice adulating before you become one . . . https://www.troutwood.com/finulator
BUY SELL HOLD: An investment game based on real historical stock market data.
https://www.troutwood.com/stock-marke...
TIME PORTAL: Simulate an investment in the stock market.
https://www.troutwood.com/stock-marke...
FINMOJI: Find your financial personality type!
https://www.troutwood.com/finmoji
TROUTWOOD MAP: An interactive stock market map.
https://www.troutwood.com/map-of-the-...
BLOG: Your financial questions answered.
https://blog.troutwood.com/
PODCAST: Watching Trees Grow (because what if money worked the same way . . .)
https://www.troutwood.com/finance-pod...
READ THE MISSING SEMESTER SERIES:
The Missing Semester: https://a.co/d/6G0n9YX
The Missing Second Semester: https://a.co/d/f9dxWzM
BIOGRAPHY:
Gene Natali is Co-founder and CEO of Troutwood, a financial technology company founded out of the Carnegie Mellon University Swartz Center. He is a Chartered Financial Analyst, board member of CFA Society Pittsburgh, Executive in Residence at the Black School of Business|Penn State Behrend and a part-time lecturer at the University of Pittsburgh, where he has taught Personal Finance since 2015.
He is an award-winning author (The Missing Semester), has spoken in over 1000 unique high school and college classrooms, and regularly keynotes investment and education conferences across the country. Gene holds an MBA with a concentration in finance from Carnegie Mellon University and a bachelor's degree with a concentration in economics from Allegheny College.
DISCLAIMER:
The information presented on or through this video is made available solely for general information purposes. We do not warrant the accuracy, completeness, or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the video, or by anyone who may be informed of any of its contents.
