Ep 38: Wealth Building Strategies for Gen Z: Start Early and Save Smart Part 2

15/10/2024 20 min Temporada 1 Episodio 38
Ep 38: Wealth Building Strategies for Gen Z: Start Early and Save Smart Part 2

Listen "Ep 38: Wealth Building Strategies for Gen Z: Start Early and Save Smart Part 2"

Episode Synopsis

In this insightful episode of Money Moves Podcast, host Jon Cleaver is joined by special guest Max Cleaver, a 24-year-old money coach who shares his unique perspective on the financial challenges facing Generation Z. Together, they dive deep into the pressing issues of financial literacy, student loan debt, and the importance of budgeting and saving smartly.

Max opens up about his personal journey with student loans, revealing how he navigated the complexities of owing $22,000 and the potential long-term costs associated with interest. The conversation highlights the critical need for financial education, as only half of U.S. states require personal finance classes in high school.

The duo also discusses practical strategies for building credit, including Max's experience with secured and unsecured credit cards, and the tools he uses to monitor his credit score. They emphasize the importance of tracking everyday expenses and implementing budgeting techniques, such as meal planning and shopping at budget-friendly stores.

Jon and Max stress the significance of starting retirement savings early, leveraging the power of compound interest to maximize future wealth. They encourage listeners to explore side hustles and multiple income streams, showcasing how Gen Z is uniquely positioned to adapt and thrive in the gig economy.

Tune in to gain valuable insights and actionable tips that will empower you to take control of your financial future and build wealth effectively. Whether you're part of Generation Z or simply looking to enhance your financial knowledge, this episode is packed with essential advice for navigating today's financial landscape.
Follow Max here:
https://www.instagram.com/jcleaver31

Get more financial tips and advice at joncleaver.com

Follow us:
https://www.instagram.com/joncleaverofficial/
https://www.instagram.com/moneywithwendy/

Do us a favor and share this episode!

More episodes of the podcast Financial Strategy and Money Management | Prosper in the Kingdom