About this episode
Lance Roberts & Jonathan Penn dive into how Millennials find financial advice in today's digital world. From TikTok influencers to YouTube financial experts, and from Reddit forums to traditional financial planners, where should Millennials really turn for smart money guidance? Lance and Danny discuss why you should be cautious about private equity and alternative investment opportunities. Annuities: Three questions to ask about yourself; can you "Be Your Own Bank?" Lance describes his personal annuity and insurance plans. Why you should never put all your money into anything. If you want to be wealthy, do what wealthy people do. 0:49 - Ten Rules for Navigating Excess Market Bullishness 2:40 - Proper Position Sizing in Portfolios 6:05 - Behind the Scenes with Economic Growth 7:44 - Justifying Earnings Growth Forecasts 12:04 - You're the Cannon Fodder for Wall Street 14:02 - Smart Money vs Dumb Money 16:18 - Social Media Advice Purveyors Do Not Know You 28:49 - The Rise & Fall of the FIRE Movement 31:58 - Myths & Realities of Starting Your Own Business 34:15 - Never Put ALL Your Money in Anything 36:43 - Do What Wealthy People Do Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisors, Jonathan Penn, CFP, & Danny Ratliff CFP Produced by Brent Clanton, Executive Producer ------- Watch today's video on YouTube: https://youtu.be/9MJOE0l7L9Q -------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestmentStrategy #DiversifyYourPortfolio #FinancialPlanningTips #SmartInvesting #Capitalism #FinancialEducation #FIREMovement #MillennialMoney #MoneyTalks #Investing #InvestingAdvice #Money #Investing