Gen Z and the Rise of Financial Nihilism
00:00:00.000 | The thing that worries me about Gen Z, and I think they'll snap out of it, hopefully,
00:00:03.320 | is just the financial nihilism, just the nothing matters. So I'm just going to take these crazy
00:00:08.140 | risks and hope something works out because the old nine to five, put it in the 401k,
00:00:13.280 | build wealth slowly. That's for a prior generation. And this isn't everyone there,
00:00:17.060 | obviously, but I think there is a little bit of that nothing matters. So let's just put it on
00:00:21.540 | red or black and see what happens. And I think people do graduate from that mindset eventually.
00:00:26.100 | But again, I think the fact that generation has technology and a risk mindset, I think most of
00:00:31.840 | them will be okay. And I think a lot of them are starting to invest earlier and get experience.
00:00:36.120 | And so even if they blow themselves up trading triple levered ETFs or options, same day options,
00:00:43.000 | wherever it is, if they're doing it with less money before they start saving and putting stuff away,
00:00:47.660 | eventually those habits change and they realize, okay, maybe I need more of a slow and steady approach.