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

ByPaul Adams
YouTube player

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

Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling

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

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

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

SHARE THE SHOW

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

Click this link – Your Business Your Wealth

Click on the ‘Subscribe’ button below the artwork

Go to the ‘Ratings and Reviews’ section

Click on ‘Write a Review’

——————————————————————————————————————————-

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.

This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details:

yourbusinessyourwealth.com

© 2020 Sound Financial Inc. yourbusinessyourwealth.com

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC

Avatar photo
Paul Adams

Author

Paul Adams

CEO & Founder

As CEO and founder of Sound Financial Group Paul leads a team of financial professionals dedicated to helping clients define their financial goals then developing unique, tailored strategies to reach them. Paul tells his clients often that they should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.

Financial Advisor
Disclosure

Related Posts

  • Podcast Episode 116: Stop Saving Money & Start Building Assets, Part 1

    EPISODE SUMMARY In this episode of the Sound Financial Bites podcast, Paul Adam’s sits down with co-host Cory Shepherd to talk about the key to a work optional lifestyle: building assets. They share their philosophy of building assets and confront some of the unwise decisions that many Americans are making on their personal balance sheets. Through their conversation, Paul and…

  • PODCAST EPISODE 158: STOP SHOULD-ING ALL OVER YOURSELF

    EPISODE SUMMARY In this episode of Your Business, Your Wealth, Cory broaches the topic of financial planning and the concept of ‘should.’ Often times, when we’re looking back at our financial goals and where we currently stand, we use the word ‘should’ to describe what we could have done differently. However, Cory points out that our views on money and…

  • PODCAST EPISODE 298 – Maximizing Your Retirement Income with Whole Life Insurance

    WHAT WAS COVERED 0:12 – Episode starts. Life insurance death benefits while still alive. 2:45 – Using whole life insurance for efficient retirement planning. 8:30 – Whole life insurance growth rate. 13:46 – Using life insurance death benefit for retirement planning. 19:41 – Retirement planning and life insurance. 25:04 – Using whole life insurance for investment and tax planning. 30:34…

  • PODCAST EPISODE 359 – Financial Guru Predictions Gone Wrong and CyberTruck Sinks

    Why do financial influencers keep predicting the next big market crash—and why do people keep listening? In this episode of More Than Commas, we break down the real incentive behind repeated crash predictions, how attention drives extreme forecasts, and why being “right once” can be more profitable than being consistently accurate. Then, in a completely unexpected turn, we follow through…

  • PODCAST EPISODE 228: Real People Getting Real Advice

    WHAT WAS COVERED [Tweet “Does the bank loan their money or other people’s money?… They loan other people’s money. #YourBusinessYourWealth”] [Tweet “Believe it or not, Saving 35% is rare even though its fundamental. #YourBusinessYourWealth“] [Tweet “If our investments outside of 401k’s (known as non-qualified) are half of our investment mortgages, no matter what happens economically, we’ll be just fine. #YourBusinessYourWealth“] LINKS PODCAST EPISODE…

  • PODCAST EPISODE 309 – Buying Real Estate with Your IRA

    In this episode of More than Commas, Host Cory Shepherd discusses the challenges of owning real estate in a self-directed IRA. While it may seem like a smart way to diversify retirement investments, several factors complicate this strategy. Key points include the loss of tax benefits, as traditional deductions do not apply; prohibited transactions that restrict personal use and management;…