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Jul 29, 2022

NGPF Podcast: Kyla Scanlon explains the economy and stock market in one minute or less on TikTok

Can anyone really help you make sense of the economy and stock market in 59 second TikToks? Listen to this podcast and find out! 
 
Kyla Scanlon is incredibly skilled at explaining economics in 59 second TikToks that will entertain and educate. Whether it's recapping a Federal Reserve interest rate decision, explaining new data on CPI or making sense out of recent tech earnings, Kyla separates the signal from the noise. In this podcast, Kyla shares how she fell in love with Economics in college, her entrepreneurial journey post-college and her creative process to produce high quality educational content. Enjoy! 

 

Details:

  • 0:00~1:08 Introduction
  • 1:08~2:26 Early money lessons and Kyla’s first job
  • 2:26~4:36 Working as car salesperson
  • 4:36~6:14 Interest in economics and experience in college 
  • 6:14~7:42 Trading options during college
  • 7:42~10:02 Experience working in investment management
  • 10:02~12:59 What is ESG investing?
  • 12:59~15:12 Investors’ reaction to the pandemic
  • 15:12~16:54 Women in finance
  • 16:54~19:24 Transitioning to creating social media content
  • 19:24~21:23 Working on a personal finance course
  • 21:23~24:20 Process of making TikTok videos
  • 24:20~25:26 Dealing with the TikTok comment section
  • 25:26~25:45 A word from NGPF
  • 25:45~27:18 Best piece of feedback
  • 27:18~28:44 Creative process 
  • 28:44~31:04 TikTok that went viral  
  • 31:04~32:51 Favorite content creators
  • 31:51~34:33 On speaking more while introverted
  • 34:33~38:06 The Fed’s actions to curb inflation 
  • 38:06~38:56 A message to educators
  • 38:56~40:11 Conclusion

 

Resources:


Quotes:

  • “And so how can we really create, like, a playground for finance? Because a lot of people are afraid of finance, and I think if you can make it more accessible, more engaging, as you all know, like, that's gonna be so much more valuable. So that's the goal with the startup is to really create a space where people don't get freaked out by, like, talking about money.”

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About the Authors

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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Ren Makino

Ren started interning at NGPF in 2014, and worked part-time through high school and college. With his knowledge growing alongside NGPF, he joined the team to work full-time after graduating from college in 2020. He is also the producer of the NGPF podcast. During his free time, he likes to try out coffees from different roasters across the world.

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