CEO’s top tip for young investors: Do the math

What advice would you give to young people today that could change their lives? Sylvia Jablonski, CEO of Defiance ETFs, offers a straightforward yet impactful piece of advice: avoid spending all your money on social activities and invest for long-term financial freedom. “Don’t go out every night and spend all your money on food and drinks,” Jablonski advises, suggesting that a more secure financial future could be within reach.

She shared these insights with Yahoo Finance’s Jared Blikre and Sydnee Fried on "Stocks in Translation." Listen to the full episode here, or wherever you get your podcasts.

This post was written by Jimi Corpuz

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Let's use me.

For example, if you had to ask me, tell me one thing in terms of investing and you're talking to graduates, you're talking to a lot of these people.

What would you tell me one piece of advice?

Yeah, I'm not going to like it.

But if you're young, don't go out every night and spend all your money on food and drinks and stuff.

You want to build.

No, I want you to live but like, you know, but live in a way where maybe there's one day a week that you can come back and put that, put that money to work for you so that you have financial freedom and financial independence.

When you know, you're, you're a little bit older, you don't have to give it all up.

But like it's, it's so interesting.

II I have, you know, I have two kids and I have young women that are babysitters and they're talking about like I have to have c I have to take this credit card debt because I have to go to this wedding for a young and yeah, but like, you know, I have to, I have to buy this wedding dress, I have to fly across the country and, and do this and this wedding is gonna cost me $5000.

And like I haven't talked to this person in five years.

Don't go to the wedding, take the $5000 put it in whatever you want.

S and P crypto.

You know, I mean, this is our word of the day FOMO though.

And that's a lot of young people in terms of picking their vacation, their wedding, they feel like they have to go to these things.

It's another version of FOMO in investing in your future, not going to these things, maybe all the time.

Totally.

But it's not your best friend.

You haven't talked to that person in years that $5000 if it compounds, you know what I mean?

Over the next 20 years of 10% is gonna, yeah.

Do the math.