PODCAST EPISODE 234: Countering What Your Kids Are Learning In School

WHAT WAS COVERED

- - 00:00 – Episode begins, Paul welcomes listeners.
  - 00:40 – What kids are learning about the stock market.
  - 06:50 – How to handle the stock market trading game.
  - 11:15 – Closing thoughts.
  - 11:55 – Episode ends, Thank you for listening

[Tweet “Leverage is the biggest danger to investors, because it can force you to sell when it’s the worst time to sell. #YourBusinessYourWealth”]

[Tweet “Teach your kids that the reason you don’t pick individual stock, is because of the long-term outcomes that are provided from this type of trading. #YourBusinessYourWealth”]

[Tweet “Rather, we should be teaching kids that the way to produce long-term financial success is to have a portfolio that is adjusted to the risk tolerance that puts them in the position that they can achieve market returns so that on an inflation adjusted basis their wealth is growing over time. #YourBusinessYourWealth”]

LINKS

Article: “A High-School Freshman’s Investing Lesson: Time Horizons Matter” – WSJ

Article: “What Teenagers Really Learn From Stock-Market Games” – WSJ

Video Mentioned: Warren Buffet Afternoon Session – 2004 Meeting

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Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject)

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Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

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