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Investing can be fun, fellow kids. #pivotpod #advice #investing #notbitcoin

July 24, 2023 / 00:53

This episode addresses investing basics for kids, featuring a question from 10-year-old Henry about where to start investing his savings. The discussion emphasizes the importance of time in investing and how young investors can benefit from it.

The hosts suggest that Henry gamify his savings by setting objectives and encouraging his parents to match his contributions. They highlight the potential of saving small amounts regularly, such as ten dollars a month, to build wealth over time.

Additionally, the hosts advise against investing in volatile assets like Bitcoin at such a young age, focusing instead on more stable investment strategies.

TLDR

Young investor Henry learns about saving and investing wisely.

Episode

0:53

00:00:00

hi my name is Henry I'm 10 years old I have a question about investing where should I start investing the money I've

00:00:04

saved up I would like some money to stay invested for a while but also like some

00:00:08

money quickly my dad says that you are good people to ask about this first off this young man should take time to

00:00:15

recognize that he is way ahead and what this young man has on his side is time and that is he can survive short-term or

00:00:22

medium-term dips he should look at every ten dollars that he manages to save and

00:00:28

that's not easy there's a lot of fun stuff to spend 10 bucks on when he is our age if he sends if he just saves ten

00:00:33

dollars a month and then a hundred dollars a month when he gets a little bit older he will be a millionaire try

00:00:38

to gamify it but set yourself an objective see if you can save twenty dollars and forty dollars and fifty

00:00:43

dollars and ask Dad and Mom to match it and then never touch it so not Bitcoin not Bitcoin kid

Episode Highlights

Investing at a Young Age
Henry, a 10-year-old, seeks advice on investing his savings wisely.
“Where should I start investing?”
@ 00m 02s
July 24, 2023
The Power of Saving
With consistent saving, Henry could become a millionaire by adulthood.
“If he just saves ten dollars a month...”
@ 00m 33s
July 24, 2023

Episode Quotes

You can survive short-term or medium-term dips.
Investing can be fun, fellow kids. #pivotpod #advice #investing #notbitcoin
If he just saves ten dollars a month, he will be a millionaire.
Investing can be fun, fellow kids. #pivotpod #advice #investing #notbitcoin
Not Bitcoin, kid.
Investing can be fun, fellow kids. #pivotpod #advice #investing #notbitcoin

Key Moments

Advice on Saving00:12
Future Millionaire00:33
Investment Caution00:49