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.

First Image of a Black Hole!

The $2000 Per Month Stimulus | What You MUST Know

View All

Jeff Bezos: The electricity metaphor

When you think about resilience and technology, it’s actually much easier. You’re going to see some other speakers today, I already know, who are going to talk about breaking-bones stuff, and, of course, with technology it never is. So it’s very easy, com…

What is the Shortest Poem?

Hey, Vsauce. Michael here. I am in Green Bank, West Virginia. Pocahontas County. And my favorite word is … I learned it from Big Bird, and it’s not so much a word as the alphabet, if you try to pronounce it like a word. It’s a neat trick, almost poetic. B…

How to Build a Startup Without Funding by Pieter Levels @dojobalicoworking3342@ Dojo Bali

(Clapping) I’ve done a lot of building startups and side projects in the last four years. They’re mostly bootstrapped, and bootstrapped means that you build a business without any funding. So you don’t go to San Francisco. You don’t get venture capital fr…

Writing geometric series in sigma notation

So we have a sum here of 2 plus 6 plus 18 plus 54, and we could obviously just evaluate it, add up these numbers. But what I want to do is I want to use it as practice for rewriting a series like this using sigma notation. So let’s just think about what’…

Change in period and frequency from change in angular velocity: Worked examples | Khan Academy

We’re told that a large tire spins with angular velocity (4 \Omega). A smaller tire spins with half the angular velocity. I’m assuming half the angular velocity of the large tire. How does the period (T{\text{large}}) of the large tire compare with the pe…

Introduction to nouns | The parts of speech | Grammar | Khan Academy

Hello grammarians! Welcome to the English parts of speech. We’re going to begin with the noun, the lovely, wonderful noun—your friend and mine. They’re mostly what you’re going to encounter in sentences. Most sentences in English contain at least one noun…

Financial Tips for Millennials: Part 2

More Articles