#017. Today’s guest is Robert Farrington. Robert and I talk about his passion and early interest in personal finance and investing, including what inspired him to start The College Investor to help millennials start long-term investing and get out of student loan debt. We talk about why Robert is a big believer in the ROI approach to college. And we get into the struggles for millennials to find balance as the sandwich generation, with aging parents and young children, juggling between competing financial priorities in their lives.
We next dive into the world of cryptocurrencies, blockchain and NFTs to gain a deeper understanding of their purpose, use cases, and analogies of how you can think about them. We talk about why Robert views crypto as a currency, rather than as in investment. But at the same time, we talk about how crypto and NFTs can act as the onramp to getting our teens and young adult children excited and engaged about investing. We also dive into how our teenage kids should get started in investing and exploring many different asset classes, including crypto. And we get into why it actually may be better off in the long run to have small, manageable losses, rather than outsized gains. Finally, we talk about the ultimate benefits of having our teenagers and young adults invested, which is to help them build the habits and skills of saving/investing and tracking their investments.
Show notes and more at:
