Young Finance 1

Hi guys and thanks for this in video.

We ask all our guests to self-present themselves, but, who are you? then my name is Noemi David, I haven't had a drink for five days, no kidding I am 22 years old I am from Messina, but I moved to Rome two years ago, because I am the official face of scuola.net.

So I try to save the lives of 1000000 students, thanks to the videos where we maybe explain the news in a simple way, but also thanks to the school.net notes.

Have you ever copied school? Copied no, copied.

politically correct.

But it was already there when we were at school for a while.

then I was born and scuola.it was just born, so yes 20 years ago.

was in school was starting.

Well, whatever, it's nice of you not to ask me anything.

37 Mark 38 to remain impartial.

I mean, you have the perception of what kids, um feel, need in terms of school, but also of, the curiosity of kids.

And also the discomfort young people are experiencing especially in the last period.

Since we are talking about finance here, and to put it simply, money, one question we really want to ask is what is your relationship with money? Anxiety.

I mean consider that I didn't know anything about it completely I mean maybe um I can talk about it quietly I guess We were the first little jobs under the table and alright, they were handing you the money a bit under the table, I even remember when I first started to conduct events inside an envelope and with alright, some cash, then when I started to work for real, so with a regular contract, occasional work.

Whatever else, I didn't have a clue what I was supposed to be doing So my initial relationship was a bit of anxiety and confusion.

And of course the first thing I did, mum, dad, now what? How do you manage all this money? I've never seen so much of it, except, whatever, when maybe grandma or parents gave it.

So I learned slowly.

However, I did not rely solely on parents, but mainly on the accountant.

Hello Pina, thank you for your patience.

And today let's say if you feel like telling how you manage your money invest, are you more of a saver or spe- spacious as they say this thing? At the beginning I was a big spender, but a lot, I mean I was just pretending nothing happened, I said whatever, I have my first salary.

Maybe when I was still in Messina, so I didn't have to pay rent in Rome, I didn't have who knows how many expenses, so everything I had I spent, but now that I've grown up a bit and above all I live on my own, I've realised that money shouldn't be taken and thrown away just because you like that thing you saw in that shop.

So I slowly learned to save.

Not yet to invest, but step by step.

And listen, as scuola.net, I know that you have done some initiatives related to the topics of financial education Can you tell us something about it because I work in schools, I see that there is a bit of a gap, isn't there? I mean, these topics that I think should be talked about a lot, in reality, alas, too little is talked about, in some schools we just don't talk about them.

It is news these days that maybe financial education will be introduced within civic education, let's hope so, let's see if this will happen.

What have you done in the meantime But in the meantime, let's hope that you can slowly get it into schools, also because otherwise it happens like me that you find yourself at a certain point with um a certain amount of money and you don't know what to do.

So let's hope very much that they will include this subject in school than many others By the way, it's something that a little bit everyone doesn't, as an adult sooner or later one earns some money, one probably has to save some, one will have to take out a mortgage, one will have to at least consider investments, it's quite resounding in my opinion, that there is not really a dedicated and structural space in schools.

No indeed, it is bad to feel mostly lost, not really knowing what to do and not even knowing where to turn.

But I believe, something will change.

And it changes, I mean the whole thing changes, even by talking trivially as we are doing here today, or even thanks to your book, I have to say that I read it, not out of plagiarism, but to learn a little bit more, since no one.

He had taught me nothing, that is.

So information in this respect must also start with us.

As far as scuola.net is concerned, we, thanks to our observatory, interviewed 2500 under-30s to find out a bit um how they were in this respect.

And we realised that I read you a few numbers, six out of 10 do not know how to calculate a hypothetical yield of the.

deposited in the bank.

Four out of 10 fail to assess the weight of interest on the loan, and more than 10 are lost in the transformation of the interest rate into real sums.

Above all, four out of five are aware that they know nothing about it.

here This is perhaps the ugliest fact on the one hand, though, um makes you take a so-so sigh of relief because they know they don't know.

This is a very interesting fact because you know you don't know, but sometimes you get scared about a subject that may seem complicated you have to do the calculations, you can't always do the calculations in your head, but there is one theme that really struck me from your survey.

It is that it is this strong difference between boys and girls.

Girls experience under-confidence, i.e. they feel they know not enough, that they know less than they actually do, while boys are over-confident, i.e. they think they know more, but in reality, they risk being wrong, they are two um mistakes basically, it is very curious as a picture.

Yes, but it's also quite real, because if you think about it when we think about an investor an entrepreneur, we never think of this figure as female, but always as the man is the one who does the calculating, the one who invests, who also takes care of the home, so um everywhere we can say, he takes care of the money, not so much the woman.

So that's why we always need to talk more about these topics to make it clear that women can also talk about money But tradition is fine in so many ways, from food to art, but then life goes on and so um we absolutely espouse this call of yours for women's economic freedom too, because, I mean um we are no longer in the Middle Ages.

That's right, women talk about money this is our appeal, talk about it freely and make all the investments you want with caution of course, but talk about it.

money is talked about in the family, but sometimes it is talked about, emphasising problems, shortcomings or even conveying wrong messages.

here What perception, do you have of this um of this, of this agency that is the family that is not always, however, effective.

Oh yes, Marco, because if you think about it in the end, an eighteen-year-old kid who's struggling with his first money, who does he go to? I don't even know what a com is.

Even though through TikTok, we might talk about that later, these figures that are so traditional are starting to come out more and more um however it is fine for a young person to go to the family to enquire in this respect.

here, the family's role in this case should be to refer the boy to an accountant, or at least to a person of um who deals with this type of issue.

But it is more than normal.

An expert's knowledge of the need to turn to an expert is already a next step.

That's what family should do, that's what my parents did most of all By the way a funny note, I didn't address my dad, but my mum, so she is a woman to talk about money.

Why yes, because my mum has always been a bit more cautious, so I said whatever, let's go to mum's.

And on the subject of money, what is the discovery you have made in recent years that has impressed you the most? A curiosity, an aspect that particularly fascinated you and that you might not have thought about before? The pension fund.

But you see super answer i.e. surprising for a person of your age.

All the more so because I am still very young.

You don't go thinking about the pension, ah how will I do in many many years, but will this pension really be there or not? And so that's why I said, maybe I need to start to understand how the pension fund works, what it is, how much I have to put in, so yes, it's very important and when I made this discovery recently is thanks to Marco, um I was going to say we have an expert in the studio.

He was the one who ignited the spark of curiosity in this respect as far as I was concerned because I really had never thought about it precisely because I saw it as something very very far away, but like me unfortunately also many many very young people.

So this I said oh god wait, but I will get there I hope of course sooner or later at that age, so it is good to start informing yourself right away.

Look, I ask you a question going back to something you mentioned, no, to social networking.

Because by the way I was listening to a podcast with Elon Musk and they were asking him, you know he created this school for his kids which is in Astra, which is very different, etcetera, and they were asking him now how do your kids learn things? He said look now they learn all his social networks, there's Reddit there's YouTube, there's.

then I would like to ask you about this relationship even with money to social networks where you see, be it the con, advice of someone who doesn't understand anything about it, that maybe you find someone else instead, the accountant who makes the video for you.

opportunity risks, how do you see it? How do you live it? It's a bit complicated, you know, in my opinion the role of social networks but especially TikTok, what I also do with scuola.net, should be to instil curiosity in the young person and then you go and inform yourself and explore these certain topics, but I don't think you can learn.

exclusively via a social network and it goes against my job in quotes, but it is the truth.

We have to give basic news in 4050 seconds, just to lure you in, but then you have to go and inform yourself properly.

Absolutely this we do well to reiterate for the many young people who see material on social media on a daily basis.

Social media is all very well to give perhaps 11 um a first surface information but then it is always good to delve deeper, AND to document well, especially when it comes to money and investments EXCEPT when it comes to Elia Bombardelli's lectures on maths too good.

Today he does not question Elijah.

Also because I maths, no 0.

And this, this is something that actually social media allows you both to have that cue.

Initial, but I tell you I follow social, YouTube for example, I follow university lectures, there are the famous MCs no? Massive online open courses, whatever they are called.

So anyway they really do have a range, or there's a podcast called, I can't remember, Young Finance.

No I have to say that the supply of information material on various topics has increased over the last few years, so now, on YouTube in particular, I have to say that with dynamics that are a little different from other social media, you can also find a lot of material to go into depth.

On Instagram and on TikTok, I have to say the level of the average quadratic content is a bit more on a taste we could say no I don't know who you are.

Who told me that you are really good for that I have to inform myself I can't stop at appearances, I have to go into it.

So tell us a little bit about your relationship with the different social networks and your own, media diet, as they say, right? What are they, what do you prefer to delve into to trigger, certain curiosities and where instead maybe there is more entertainment, fun.

Eh but from my point of view, that is, when I try to explain a news story or in general as a viewer? Like no, no co-as a spectator, as your as a user of social content.

then as a user of social content, yes, maybe I learn something from TikTok too, but the first thing I do is yes, I watch the video, those 4050 seconds, but then, as I said before, I go to Google, but also to books because I still do.

I like to buy books and not e-books so the paperback really, is read, read, read So this is my insight.

Moving from social to something more in-depth.

i.e. So use it as a springboard to go deeper, but we did not say that Noemi David is a television face i.e. there is television, people watch it, and she is proof of that, as in living proof of no, jokes aside.

um How does your being a TV personality work on social media? People remember you because of what you tell, because of what you say, like what following you have It's a bit of a peculiar thing here I've also seen with Bruno Vespa so television with real TV authorities with the director, yes yes, what do you call him.

here it is a bit complicated because the two languages are totally different, television is social, so.

As if I sometimes wear two different clothes, that is.

And when I am on social media I have to use a much more immediate language, without maybe the greeting, the nothing, that is.

Get straight to the point

Whereas when you are on TV everything is much slower, very very different.

And so yes, communication has nothing to do with it.

But I have to say, and I repeat, I always go against my current job but, I prefer the TV one, that is, you have +1 way to go in depth, then of course it depends on the programmes at least in the one I lead, that Italian Green you have a way to make people talk about environmental sustainability for 50 minutes.

And you know that people follow you anyway because that is the programme.

On TikTok, it's a bit more complex to have to divide it all up, but never say never But you feel the responsibility when you broadcast messages on television, clearly, but also on social media of, To say but then the kids listen, they understand, it's not that they misunderstand, this thing here I have to study it better.

So much, it is always my biggest fear because I know that I have a huge responsibility, since the pool of students is huge, but also the pool of television.

It's just that with boys it's even more difficult, because they might just stop to look at my content.

So I think um I read more, for example when I do, when I explain the news in a quick way, um I read all the newspapers, I try to compare, I go to the source because um fake news is the order of the day, and I have to say that unmasking them is becoming more and more complicated, so I am always afraid of saying something inaccurate.

And it happened once, though, fortunately, with Harry Potter, so it's OK, I saved myself, it wasn't a topical subject um, or at any rate one that could.

influence the opinion of the children.

I don't remember a sentence could have been wrong.

Bravissimo these are very important issues to think about, especially after the latest developments in artificial intelligence and the fake photos of extreme realism that have started to circulate, and so reasoning with the young people about the possibility of taking blunders with content that you see around is very important received a photo of Francis.

It was really for Easter on WhatsApp Happy Easter, I show now it will be more images made by artificial intelligence than those made by us.

To conclude, I would like to ask you a question.

Always imagining a young person starting to get their first pocket money or the first- the first money, from your experience what advice would you give? then from my experience don't spend it all right away, because anyway, um maybe you won't always have the same income, then of course um every case is its own.

So yes, you can invest, but save what you have.

And if you have to invest maybe also invest in yourself, some courses um something that can be useful for your growth So.

That you know it's coming back.

It is one of the most undervalued investments there is, because it is an investment that can pay you infinitely and you carry it with you all your life.

The most profitable.

The most remunerative absolutely.

Invest in a good English course, e.g. at an English school, which is very important nowadays, and especially a certification, as well as in any case um learning another language, which is now required everywhere, is very important.

then later over the years.

Another language besides English of course.

Eh but it's not a foregone conclusion to start it as a foregone conclusion but what do you want to be when you grow up? TV hostess.

I would like to socialise or in this hybrid world that is a bit, on screens in short.

On the screens exactly.

Sound Who knows, audio, video is all fluid at least.

Whenever you like.

Thank you Noemi pleasure.

Young Finance is a project by Marco Locotte with Gianluigi Ballarani and Elia Bombardelli.

Sound designer, editing and original music, Luca Ottoboni.

graphic designer Laura Cattaneo, Maria Longelli.

Production, Sandro Fortunati, Michele Previato, Alessandra Scaglioni, Carlo Salvatore, Marketing Coordination, Manuela Muzza Martina Rosi.