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81. The Personal Finance Episode: Our Parents Didn't Teach Us Finance Because They Didn't Know Themselves
This is an exciting time for investing after the recent Gamestonk! debacle has gotten more and more people interested in getting into finance themselves, and has flooded TikTok and Instagram with influencers explaining what "shorting" is via more accessible metaphors like buying shampoo from Sephora.
Even if that particular example was a bit of a doozy, we wanted to talk with our friend Danielle Peterson to talk all things personal finance, from the perspective of a first-gen immigrant who had to teach herself everything she knows about personal finance from the internet and books. She recently started an educational Instagram account called @theunbrokable, which teaches people about investing and FIRE, a trend which stands for "Financial Independence, Retire Early," where young people try to save as much as possible early in their careers so that they can retire early and live off the interest generated from their savings.
Links:
Danielle's Instagram, @theunbrokeable: https://www.instagram.com/theunbrokeable/
Various "StockTok" influencers you can follow on TikTok: https://www.businessinsider.com/tik-tok-stock-market-investing-creators-explaining-new-generation-investors-2020-12
Investopedia definition of FIRE: https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp
Nerdwallet Guide to FIRE: https://www.nerdwallet.com/uk/current-accounts/guide-to-the-fire-movement/
Music is The Beauty of Maths by Meydän.
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By Isabel Knight & Deondre' Jones
5
4141 ratings
This is an exciting time for investing after the recent Gamestonk! debacle has gotten more and more people interested in getting into finance themselves, and has flooded TikTok and Instagram with influencers explaining what "shorting" is via more accessible metaphors like buying shampoo from Sephora.
Even if that particular example was a bit of a doozy, we wanted to talk with our friend Danielle Peterson to talk all things personal finance, from the perspective of a first-gen immigrant who had to teach herself everything she knows about personal finance from the internet and books. She recently started an educational Instagram account called @theunbrokable, which teaches people about investing and FIRE, a trend which stands for "Financial Independence, Retire Early," where young people try to save as much as possible early in their careers so that they can retire early and live off the interest generated from their savings.
Links:
Danielle's Instagram, @theunbrokeable: https://www.instagram.com/theunbrokeable/
Various "StockTok" influencers you can follow on TikTok: https://www.businessinsider.com/tik-tok-stock-market-investing-creators-explaining-new-generation-investors-2020-12
Investopedia definition of FIRE: https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp
Nerdwallet Guide to FIRE: https://www.nerdwallet.com/uk/current-accounts/guide-to-the-fire-movement/
Music is The Beauty of Maths by Meydän.