DeepSummary
The episode begins with Nicole Lapin explaining her side hustle as an Airbnb host to monetize her home when she's away writing books. She then introduces Jalen Griffiths, the Global Head of Purpose at Nasdaq, who discusses Nasdaq's mission to advance economic progress and financial literacy through programs like the Nasdaq Foundation's grant program and the New Investor Initiative.
Lapin and Griffiths talk about the importance of financial literacy and how companies can contribute to this cause by aligning their efforts with their employees' values and passions. Griffiths provides an overview of the Nasdaq Foundation's grant programs, which fund organizations working on financial literacy and entrepreneurship.
The episode features insights from three recipients of Nasdaq's grants - Judy Herps of Savvy Ladies, Sarah Dieleman Perry of Neighborhood Allies, and Gail Valani of GO Project. They share tips on investing, building generational wealth, teaching kids about financial literacy, and applying for grants.
Key Episodes Takeaways
- Nasdaq's mission is to advance economic progress for all through initiatives focused on financial literacy and entrepreneurship.
- The Nasdaq Foundation provides grants to organizations working on financial literacy, investor engagement, and supporting entrepreneurs.
- Starting to invest early, even with small amounts, can help build wealth over time through compound growth.
- Teaching kids the value of money from a young age by connecting it to work and making lessons age-appropriate can instill financial literacy.
- Applying for grants requires persistence, as getting rejected is common before finding the right fit.
- Companies should align their financial literacy efforts with employee values to boost engagement.
- Building generational wealth involves good money management, reducing debt, saving, and simple investing strategies.
- Financial attitudes and habits often stem from family, culture, and personal experiences, so recognizing them can help improve money management.
Top Episodes Quotes
- “Finding a way to learn the basics in a community or with a couple of friends, you know, first, money management, paying down credit card balances and starting to save. And then simple ways to start investing, such as contributing to your employer's plan in retirement plan or using a robo advise advisor, can just be an easy way to start.“ by Sarah Dilman Perry
- “So don't feel you need to have a lot of money to invest, because think about it, that your savings is also an investment.“ by Judy Herps
- “I think it's a similar concept of time. And so just starting as early as you can and talking about the value of money and connecting that to work and making it developmentally appropriate for children.“ by Gail Valani
- “Don't get discouraged if you get turned down. I've probably applied for twice as many grants as I received, and it's probably been dozens if not hundreds of grant requests.“ by Sarah Dilman Perry
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Episode Information
Money Rehab with Nicole Lapin
Money News Network
6/26/24