Paychecks & Balances – Building Bread with Kevin Matthews– PB103 Today on Paychecks & Balances the guys sit down and have a lighthearted but inspiring talk with Kevin Matthews. Kevin is the founder of Building Bread, a company designed to inspire millennials to set, simplify and achieve financial goals. Kevin can be seen speaking around the country and has been featured in, Forbes, The New York Times, Wall Street Journal and Nerd Wallet, among others. He was also awarded one of Investopedia’s Top 100 Most Fluential Financial Advisors. In this episode you’ll learn where and how to start investing with little money, financial trends to avoid, how to plan for the death of your parents or in-laws and Stock Market points vs. percentages. Highlights: Figure out what you want to do with your finances. Are you looking to save, invest or pay off debt? The answer doesn’t have to be permanent and will vary with age and stages of life. Investment trends to avoid – Crypto currency and penny stocks in the marijuana industry. African Americans tend to invest more in real estate then the stock market, which can be advantageous in a rising real estate market but can hurt you financially if you’re not taking advantage of a rising stock market. Redlining – The systematic denial of various services to residents of specific, often racially associated, neighborhoods or communities, either directly or through the selective raising of prices.  Paper Trading by Investopedia is a great resource for beginners looking to invest but are confused or skeptical of the stock market. Paper Trading is a game that allows you to invest in real stocks with fake money, as a way to learn about the stock market. CD’s are a safe investment, however you’re only going to make a couple percent on your money each year, barely higher then inflation rates. Sit with your spouse and discuss a strategy to help take care of the family for when you parents or in-laws pass away. Stock Market corrections happen every ten years on average. A correction is a decline of 10% or more. A stock market crash is when the market drops 20% or more. Stock Market moving percentages are what experts are analyzing, not points. When you’re younger you’re going to want to put more of your income into investments. As you age you want to your income to savings ratio to eventually level out to 50/50. Your employer is the best place to get started investing. Most companies offer some type of 401k or investment plan. It’s a great jumping off point if you don’t know anything about investing. The Takeaway: Avoid get rich quick investment trends, use your employer to invest, plan for the passing of your parents and don’t worry when the stock market drops a couple hundred points.   Paychecks & Balances Website: https://paychecksandbalances.com/ https://www.patreon.com/paybalances Instagram: @paybalances Facebook: https://www.facebook.com/paychecksandbalances Twitter: @paybalances   Kevin Matthews Website: https://www.buildingbread.com/ Facebook: https://www.facebook.com/BuildingBread Instagram: @buildingbread Twitter: @buildingbread