Don and Tom get real about the most important lessons every young person should learn about money—before life (and bad decisions) get in the way. From money values to compound interest, tax realities to the unpredictability of markets, they each offer a list of financial truths no teen should graduate without. Along the way, they drop stories from their own lives, take questions from listeners, and somehow end up discussing soccer (and why Don still doesn’t get it).

0:04  Back to basics: What young people really need to know about money
1:35  Why financial literacy is shockingly low and how Don is tackling it
2:47  Tom’s top five lessons: values, saving habits, compound interest, taxes, and risk
10:48  Don’s five(ish) truths: uncertainty, diversification, history, luck, and time
18:33  Bonus lesson: Save and invest for what money can do, not just to have more
19:04  Q&A: Should a 36-year-old shift from a target fund to DFAW and AVGE?
22:02  Listener wants to up international exposure without “buying winners”
24:47  Rebalancing tips: why it’s okay to shift your allocation now in retirement accounts
25:24  Reflections on past podcasts, Lit Reading, and leaving a legacy
26:30  Soccer vs. baseball: Don’s confused but still trying

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