Financial Tips for Millennials: Part 2

less than 1m read

·Nov 8, 2024

The second thing is how do I save? Well, what should I put my saving in?

When thinking about what you should put your saving in, realize that the least risk investment, the one you think is the least risk investment, which is cash, is the worst investment over a period of time. You could judge that by judging the rate of inflation in relationship to the after-tax income you're going to earn.

So, if you have an inflation rate that's two or three percent and you're earning one percent, and you have to pay taxes on that one percent or two percent that you're going to get, you're going to get taxed essentially at two percent a year, and that's going to be a problem.

So, you have to move into assets. When you do that, the most important thing I can convey to you is to diversify well. Because I can guarantee you that one of those assets, and you won't be able to pick the right one, will be disastrous in your lifetime. You will lose half of that savings if you're in the wrong one, and you won't know what the right one is.

The Most Powerful Way to Think | First Principles

BIGGEST EXPLOSIONS

View All

Weave's Application Video for YC W14

Hi Y Combinator. My name is Brandon Rodman, I’m the CEO of Weave. My name is Clint Berry, I’m the CTO of Weave. And my name is Jared Rodman, I’m the CEO of Weave. At its core, Weave is a telephone company. What makes us different than all the other telep…

Billionaire Investor Bill Ackman's Secret 5-Step Investing Checklist

Go through that strategy and go through how it works. When you come, you know, maybe you’ll override that portfolio manager or not, but what’s the checklist you kind of go through? So we look for very high-quality businesses, what we describe as simple, …

Safari Live - Day 202 | National Geographic

This program features live coverage of an African safari and may include animal kills and carcasses. Viewer discretion is advised. Good afternoon, ladies and gentlemen, and welcome again to another afternoon sunset safari with us here in June and the Sab…

Curvature formula, part 2

In the last video, I started to talk about the formula for curvature. Just to remind everyone of where we are, you imagine that you have some kind of curve in, let’s say, two-dimensional space, just for the sake of being simple. Let’s say this curve is pa…

Sine of time

Now I want to introduce a new idea, and that is the idea of voltage or current, some electrical signal being a function of time: cosine of Omega T. So here what we’re doing is we’re introducing time as the argument to a cosine, and time is that stuff tha…

This Monster Helped Save 4.5 Million Lives | How Science Fiction Inspired Science

When you think about a mad scientist, who do you think of? How about Dr. Jacqueline or Doc Brown? Maybe a few characters from comic books. Okay, maybe more than a few from comic books. Chances are, though, there’s one name that came to mind first: Franken…

Financial Tips for Millennials: Part 2

More Articles