Creating the Next Generation of Young Investors with James Fletcher

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#022.  Today’s guest is James Fletcher.  We talk about how James combined his love of investing and his love of international cultures into what he does full-time, which is manage his $100M emerging market fund he founded.  We discuss what inspired James to start Young Investors Society (YIS), and how their reach now extends into over 1400 schools and 59 countries.  James talks about the emphasis on teaching a long-term approach to investing and how rewarding the process, rather than the outcome, is most effective at teaching these kids. 

We discuss the importance of YIS providing resources to underprivileged communities.  And how YIS emphasizes and incentivizes building good habits to ensure that kids actually put in practice the concepts they are learning about.  We discuss several of YIS programs including the Dollar-a-day initiative, Money Skills Bootcamps and the Stock Pitch Competition.  James discusses the concept of the Million-dollar-decision and the tremendous power of how encouraging our teens to invest early would result in $1M more in their retirement account.  We discuss how we, as parents, can foster the importance of investing at a young age and how to develop their mindset around investing early.  James talks about the number one lesson that he has learned over the years and the key takeaway for us as parents.  We dive into benefits that teens receive in earning the designation that YIS has developed.  We cover how YIS measures their impact in the community.  And we get into several actionable strategies that we, as parents, should focus on in terms of teaching our kids about money. And how we can foster resilience within our children.

Show notes and more at:

https://moneydadpodcast.com/session022

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