Episode 320 - Kyla Scanlon: In This Economy?!

The Rational Reminder Podcast

Economics can often seem daunting, filled with complex theories and jargon that can leave the average person scratching their head. But today’s guest, Kyla Scanlon, is on a mission to change that. In this episode, we have an insightful conversation with Kyla, a financial educator, content creator, and host of Wealthsimple's TLDR podcast, who has built a significant following by making economics accessible and engaging. Kyla's ability to break down complex topics into digestible, relatable content has resonated with a broad audience, from TikTok to YouTube, and today, she shares her journey with us.

Kyla began her career creating content during the GameStop frenzy, which quickly propelled her into the spotlight. She has since become a voice for the new generation, offering a fresh perspective on economics that is both informative and entertaining. Her book, In This Economy, provides a plain language overview of economics, aiming to help everyday people understand what's happening in the world around them.

In this episode, we explore various topics, including the role of vibes in the economy, the housing market, and the future of financial markets. Kyla also discusses her thoughts on the differences between investing, speculating, and gambling, and how these concepts play out in today's financial landscape.

Key Points From This Episode:

(00:03:22) Introduction to Kyla Scanlon and her journey into financial education.

(00:07:12) The importance of making complex topics accessible to a broad audience.

(00:10:45) Discussion on how Kyla’s content creation career took off with GameStop.

(00:14:32) The role of vibes and sentiment in the economy and how it influences market behavior.

(00:17:55) Kyla’s perspective on the housing market and why it’s crucial for the economy.

(00:22:06) The distinction between investing, speculating, and gambling.

(00:26:43) Kyla’s thoughts on the impact of social media on financial markets.

(00:31:19) The importance of understanding economic indicators like GDP and inflation.

(00:36:02) Why the Federal Reserve exists and its impact on the economy.

(00:37:56) Fed's toolkit: rates, balance, guidance, market support.

(00:42:03) Understanding economics can be difficult for many.

(00:45:17) Social media: Tool with impact on economy.

(00:46:47) Media's business model based on clicks, negativity.

(00:49:53) Constantly seeking new projects, connecting people to economics.

(00:53:10) Younger generation relies on social media for news.

Links From Today’s Episode:

Rational Reminder on Apple Podcasts — https://podcasts.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582 Rational Reminder Website — https://rationalreminder.ca/

Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/

Rational Reminder on X — https://x.com/RationalRemind

Rational Reminder on YouTube — https://www.youtube.com/@rationalreminder/

Rational Reminder Email — [e-mail] Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/

Benjamin on X — https://x.com/benjaminwfelix

Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/

Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/

Cameron on X — https://x.com/CameronPassmore

Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/

Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP