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 Real Moral Dilemma of Self-Driving Cars

Identifying centripetal force for cars and satellites | AP Physics 1 | Khan Academy

View All

Can Texas Secede from the Union?

Can Texas secede from the Union? America’s second most populated and second largest state is always first to remind you that it was once an independent nation: The Republic of Texas. Unlike California’s three-week, almost accidental flirt with independenc…

Rotations: graph to algebraic rule | Transformational geometry | Grade 8 (TX) | Khan Academy

We’re told that Eduardo rotated triangle ABC by 90 degrees clockwise about the origin to create triangle A’B’C’. So what Eduardo did is took this triangle right over here, rotated it 90° clockwise. So it’s rotating at 90 degrees clockwise about the origin…

5 Historical Misconceptions Rundown

5. Vikings What would a Viking be without his trusty battle helmet and its impressive horns? The answer is: a more historically accurate Viking. Think, for a moment about wearing headgear like that into battle: the horns are just easy targets for your op…

Caught in a mangrove rip tide | Primal Survivor: Extreme African Safari

The current’s already taking me. I can feel it, so I’ll just let it do its thing. Not far down the channel, we spot something. “Look at that! The fish trap!” So that’s obviously the Michikenda. Send it from tribes whose ancient ancestors migrated out of…

Why I Think the 2024 U.S. Presidential Election will be the Most Important in our Lifetime

Let’s do politics quickly. We have an election next year in the US that you’ve said is the most important election in our lifetime. You see populists on both sides of the debate. How do you—what’s the end result there? Well, I think we can all see that w…

Finishing the intro lagrange multiplier example

So, in the last two videos, we were talking about this constrained optimization problem where we want to maximize a certain function on a certain set: the set of all points ( x, y ) where ( x^2 + y^2 = 1 ). We ended up working out, through some nice geom…

Financial Tips for Millennials: Part 2

More Articles