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.

Flora, Fauna, Funga | Documentary | National Geographic Society

Death | What Staring into the Abyss Teaches Us

View All

Multiplicity of zeros of polynomials | Polynomial graphs | Algebra 2 | Khan Academy

So what we have here are two different polynomials, p1 and p2, and they have been expressed in factored form. You can also see their graphs. This is the graph of y is equal to p1 of x in blue, and the graph of y is equal to p2 of x in white. What we’re g…

Teaching a Fixated Dog to Focus | Cesar Millan: Better Human Better Dog

For me, it’s easier to rehabilitate an aggressive dog than a fixated dog. While working with fixated and overexcited kelpie Shadow, Caesar discovers the dog has forgotten how to behave like a dog. “That’s my girl! Let’s go swimming!” To prevent aggressio…

Types of bank accounts | Banking | Financial Literacy | Khan Academy

Let’s say that you’ve saved some money, or so you just found some, luckily, and you go to a bank, and you want to put it with that bank. But then the bank starts giving you some options. It says, “Do you want to start a checking account? Do you want to st…

Mapping shapes example

So I’m here on the Khan Academy exercise for mapping shapes, and I’m asked to map the movable quadrilateral onto quadrilateral ABCD using rigid transformations. Here in blue, I have the movable quadrilateral, and I want to map it onto this quadrilateral …

Going All In - The BECKY ETF Explained

What’s up, Graham? It’s guys here. So, as much as we love to say that time in the market beats timing the market or index funds outperform 96 percent of actively managed investments, let’s be real. Deep down, there’s a small piece in all of us who wants t…

Eat the Top 15 Most Mind-Blowing Sushi with Lucas Sin in Tokyo's Best Omakase | Best of the World

Lucas: It’s like a sunset. Of tuna. The producers told me that I was going to be interacting and eating sushi in some way. The rarity, the specialness of the experience was not conveyed and could not have been conveyed. Here we are in Tokyo. Just got off…

Financial Tips for Millennials: Part 2

More Articles