EP102 Broke Millennial Takes On Investing with Erin Lowry

Erin Lowry is the author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together, and the upcoming Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling Up your Money. Her first book was noted as one of the best money books of 2017 by MarketWatch. She has been featured in the Wall Street Journal, The New York Times, and CBS Sunday Morning. She frequently speaks at conferences and universities around the country and has previously written for Cosmopolitan Magazine, Fast Company, and Refinery29.

Erin joins me today to offer insights on investing and why it is vital to invest as soon as possible. She shares how freelance and contract workers should prepare for times without a steady income as well as have open conversations with their partners. She reveals the different ways you can begin investing and the benefits of Exchange Traded Funds (ETFs), social investing, and diversification. She also highlights why it is essential to learn the financial language and shop around for financial advisors and financial services.

“Investing is one of the best ways of building wealth, especially if you have the advantage of time.” – Erin Lowry

This Week on Young Money:

Why it’s crucial to have a relationship with money from an early age.
The benefits of investing early on in your career.
Money management for contract and freelance workers.
The ways you can get into investing without having tens of thousands of dollars.
What an Exchange Traded Fund (ETF) is.
The importance of investment diversification.
The different resources for learning about money.
Why you might want to consider social investing.
What Robo advisors are.
Why it’s vital to shop around for financial services.

Key takeaways:

Freelancers should have conversations and plan for times without a steady income.
Take the time to learn the financial language.
Evaluate if you are ready to invest.
Diversify your investments.

Resources Mentioned:

Connect with Erin Lowry:

Rate, Share & Inspire Other Young Millionaires-in-the-Making

Thanks for tuning into the Young Money Podcast – the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media!

Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Check out this episode!

Leave a Reply