

Learning, in order to be good with money, you have to be bad with money. And even when it comes to your personal finance journey, it is. So when it comes to finances, I don't think to your point, there needs to be a direct correlation, there are definitely books that I could recommend, but to learn, in the Capital Market space is learning on the job. They're going directly into entrepreneurship. And when we're looking at the Gen Z population overall, they are the largest population that aren't even going to college. So I study Genetic, Counseling and I had a really strong statistical analytical background there was definitely correlation when I went in to become an equity trader and having to analyze different stocks. And, I speak to a lot of women in finance that often ask about what classes they should be taking, and I tend to tell them that it doesn't matter you learn on the job. And, I'd love to learn a little bit about how you translated that degree into this amazing career in finance that you've built. So as I was researching for The Bid, I noticed that you have a degree in Genetic Science. Gargi Pal Chaudhuri: Yeah, Let's talk about you a little bit. So I don't want people to feel intimidated or think that they aren't gonna be able to learn some of the tools that, is developed throughout this campaign.

But there is still relevancy there in the sense of how you are investing and looking at your financial future for the long run. Lauren Simmons: I want them one, to obviously recognize that these players that are getting their contracts are the 1%. So as you were doing this campaign, and you talked about young people a little bit ago, what would you want young people generally to learn from this project?

Gargi Pal Chaudhuri: Especially, in these volatile markets, that makes a lot of sense. Look at the long term, don't get too excited about instant returns and instant money, and how can we continue to grow and build our wealth for the long term. That is how you want to look at investing.
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especially when it comes to young, new athletes coming into a lot of money, thinking about the broader markets and how everyday retail investors are looking at how to invest for their future.Īnd so the saying goes and it's, and it's what is coined for this campaign is “play the long game. Lauren Simmons: This campaign resonated in so many different ways. The one thing that I was thinking about is the tagline it's called playing the long game, tell me a little bit about what that means to you and why did this campaign resonate with you so much? I've been so excited to speak to you about the Baller$ campaign. Gargi Pal Chaudhuri: I am well, thank you. Lauren Simmons: I'm so grateful to be here. Hi Lauren, welcome! It's so great to have you. Lauren is part of BlackRock's new iShares Baller$ campaign, where Lauren is taking five college basketball players, under her wing to coach them through a financial literacy curriculum. Lauren Simmons is a personal finance expert and former stock trader as well as being a producer writer and the host of Going Public, a web series, following the stories of founders on their capital raising journey and her own podcast, Money Moves. I'm your host, Gargi Pal Chaudhuri, Head of iShares Investment Strategy and Markets Coverage.

I am sure you will enjoy this episode and If you haven’t already, I invite you to subscribe to The Bid where you can get more episodes like the one you are about to hear. Lauren Simmons is participating in Blackrock’s Future Ballers campaign where she will lead up-and-coming basketball players through a curriculum to develop their financial skills Only 32% of Americans feel confident in their investing knowledge and here at the firm we strive to ensure our clients of all backgrounds achieve their own financial goals, wherever they fall on the wealth spectrum. On this episode of The Bid, Blackrock’s Gargi Pal Chaudhuri has a conversation with a prominent personal finance expert, Lauren Simmons, on the topic of financial literacy, something that we firmly believe in here at Blackrock. I am excited for the next 100 episodes where we’ll continue the in-depth conversations that make The Bid so unique. As well as hitting 100 episodes The Bid also recently hit 1 million downloads. The Bid started in 2018 as a new channel for the firm to reach our end investors and provide them with key conversations about the world of finance. As a 3-time guest of the podcast, I am honored and delighted to introduce The Bid’s 100 th episode. Larry Fink: Welcome to The Bid, I’m Larry Fink, Founder, Chairman and CEO of Blackrock.
