In this episode of the Get Ready Money Pros Podcast, Tony Steuer and Darrell Young discuss Darrell's journey, the wealth gap, and how education and networks can drive financial success, emphasizing the joy of using money to benefit others. - Understanding economics is essential for financial literacy, as it helps in making informed decisions about money and resources. - The wealth gap in America, where the top 1% holds more wealth than the entire middle class, is a significant problem contributing to political divisions and other societal issues. - Teaching economics and encouraging the gifting of stocks can be impactful ways to address the wealth gap and promote financial literacy. - Starting financial education early, especially for kids, can help prevent financial mistakes and build confidence in handling money. - Developing academic and professional networks is crucial for long-term financial success. - Avoid making purchases on impulse and set guidelines for your spending. - Financial jargon like Financial Wellness, Financial Freedom, and Financial Independence have nuanced meanings, so it's important to understand them. - Focus on building skills, making connections, and taking advantage of opportunities to set yourself up for success. - Finding joy in giving and using money to make a positive impact on others can bring more fulfillment than material possessions.
Changing the way we think about money | Best Selling Author | Podcaster | International Financial Preparedness Advocate | FinTech Advisor
🙌 On the latest episode of The Get Ready Money Podcast, I spoke with Darrell Young, the founder and CEO of Karmeq about changing the way we think about money and closing the wealth gap. 🧐 In this episode we discussed: 👉 Why the wealth gap is the single greatest problem facing America today. 👉 How the study of economics and the study of scarce resources is the solution. 👉 The importance of developing your network. 👉 Why gamification does not lead to real life skills. 👉 Why giving is valuable and can bring you joy. 👉 Why every spend of our money or time is an investment. 🎙️Watch or listen to the podcast here (also available on YouTube and your favorite podcast app) #wealthgap #financialliteracy #financialpreparedness #giving https://lnkd.in/gFWhc7pu
