What is a good piece of advice from your parents or that you’ve learned that others may not know or that you wish you were told as a child/teen?
What is a good piece of advice from your parents or that you’ve learned that others may not know or that you wish you were told as a child/teen?
Yes. “Put your money here, it will be there when you’re old—we promise.” Is a ridiculous plan.
You get to choose how your 401k is invested, though. The only difference is a tax advantage.
The advice is just: save money, let it grow using compound interest, use tax laws to your advantage.
There’s no “trust the government” in that advice.