The economy is expanding, yet we aren’t creating new jobs. What does that mean for the next generation?

For most of economic history, rising GDP has gone hand-in-hand with hiring. But AI and advanced technology are breaking that pattern, letting companies grow without adding workers. In this episode, two financial advisors discuss how to help children prepare for adulthood in this environment and imagine different paths society could go down.

Episode References

MMS #155. Future Jobs for Kids
MMS #156. Should your daughter go to Cornell or NotCornell?
MMS ##27. Can a Universal Basic Income really pay for itself?
You want to be a millionaire?
Ronny Chieng: MAGA

Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

If your child has a free ride to multiple universities, how would you help them decide which school and major?

Two financial advisors try to separate the value of higher education from all the ancillary benefits of college. If every course lecture is available online for free, should college cost so much? Are the fuzzier benefits worth the tuition and room and board? Would you be better going to NotCornell for half the cost?

Episode References

MMS #131. We don't need no education.
MMS #87. What's the smart way to fund a college education these days?
MMS #28. Is a million dollar higher education worth it? Your kids may not think so.
Accepted (movie)

Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

What recommendations would you give a high schooler to prepare them for their working career?

Aaron starts with the question of what college major would you recommend to a high schooler to prepare them for their working career? Trishul immediately questions whether college is even worth it. If both agree that entrepreneurship makes the most sense, how do you encourage teenagers to develop the necessary skills and ambition. Is work experience more valuable than education and networking?

Episode References
MMS #142. Wages will never increase again. Here's why.
MMS #132. Why would you ever want to be a W-2 employee anymore?
MMS #123. I, for one, welcome our new AI robot overlords.
MMS #122. The robots are here! Seriously, now what!?
MMS #28. Is a million dollar higher education worth it? Your kids may not think so.

Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.