00:00Like I don't even know what investing is. What you want to do, you're a young lady
00:05I think, or you've had some fabulous work done. Honestly, 22 tops. Fantastic. 24. So I, let me tell you
00:13what the next two years are like.
00:17As some of you know, I'm a comedian, but money-wise is not as funny. What has to be in
00:22the bank to even start investing?
00:25Great question. So let's start off question number one. Do you have credit card debt outstanding?
00:31No. Great. Okay. Because nobody is allowed to invest until they pay off their credit card debt.
00:38Second question. Have you built an emergency fund? Yes. Okay. Fantastic. Okay. Then you are ready.
00:45Okay. Because out of every paycheck, you just put 10% in there before you even think about anything else.
00:51Look to invest over a wide array of types of investments. Yeah.
00:57Large cap value, U.S. stocks, bonds. Yes. How do you not crash?
01:02Well, in your 20s, you can afford a lot of risk for the return. You can be in a lot
01:06of equities.
01:07And if things go bad, eh, you can make it up. If you're 80, you can't do that. You need
01:13to be in more stable assets.
01:14Here's the other thing. We tend to think of investing as one and done. But if you invest a bit
01:20over time, you'll get market returns over time.
01:22So it can't be a one-time thing. It should be an ongoing thing. What you should be investing in
01:28at 22 if your only goal is retirement is very different from at 80 if your only goal is retirement.
01:34And then as your circumstances change, you got a big raise, your life changed. All of a sudden, it was
01:40all about retirement. So you could have a lot of risk. And it's now about buying the home or whoops,
01:45you're pregnant.
01:46Those things change. Thinking about reallocating and changing your goals and changing your financial plan is super, super important.
01:53The idea is that I don't have to know about the market, right? Like you guys know about it.
02:00As a fiduciary, we are obligated to act in your best interest. It might feel scary to start investing. To
02:07me, it's scarier not to.
