About this episode
We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic. On this episode, we wrap up our Wisdom for Our Children series by exploring your advice for spending, saving, and investing. We have tons of valuable guidance for the young people in our lives. Be sure to listen to hear all the suggestions. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WISDOM FOR OUR CHILDREN [3:38] Learn to invest in yourself [9:02] How to create wealth [12:52] Some audio advice AN INTERVIEW WITH MARK TRAUTMAN [21:24] Understanding compound interest [31:10] The best place for a young person to save [40:29] How to invest your long-term investments TODAY’S SMART SPRINT SEGMENT [48:44] Get a book for a young person in your life Resources Mentioned In This Episode BOOK - The Daily Stoic by Ryan Holiday BOOK - Areté by Brian Johnson BOOK - The Simple Path to Wealth by JL Collins BOOK - Stacked by Joel Saul Sehy BOOK - Profit First by Mike Michalowicz BOOK - The Scarcity Brain by Michael Easter Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement by Roger Whitney Roger’s Retirement Learning Center