Salesman, Canada, One Hundred Thousand Dollars discussed on Advice Line

Automatic TRANSCRIPT

Scream otter ninety thousand paid out at twenty three months megawatt idea to twenty okay three two one ooh you guys that's how it's done that is how it's done open phones those hours we talk about your life in your money stella is in canada stella how are you proud kd uh i live show all the time i have to admit i have not by your book because we have the opposite situation we have never been in debt regis are responsible spenders but we also have a daughter who's the seat so at the age of twenty three she's got one hundred thousand dollars in the bank but we don't know how to wisely counselled her we're very safe we just do our or is peas taxfree saving account but i don't know a responsible resources to use so that she could you know start using out money to invest in new 24 her well i think the thing you want to do it the thing i would want her to learn our is two major rules rule number one is do not invest in anything unless you understand it this was me or you talking to her right not because stylish had to do it or not because i said to do it you don't put money on something because someone else said to you you do it because you understand it that's the kiss rule but keep it simple stupid rule right and i do that i myself i don't put money in something of vital if i can't figure it out and there are some things that are more complicated than all dave can get that i don't put money in it and if you're 25 you take your time and you learn step by step about something and now the second one is tied to that and that is never work with financial people that have the heart of a salesman or right financial people that have the heart of a teacher because their job for this twenty five year old or for you or for me is to teach us about an investment and let us understand it otherwise we can't invest in it because of rule number one and so i want her to.

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