I agree with Yana. Not every parent has the knowledge to understand the importance of taking advantage of 401K matching at companies, and similar simple strategies that can work for everyone, as a starting point. It’s unfortunate because the individuals who are in the know most likely have at least some money to invest to make more in the first place, whereas the people who are unaware may be pinching pennies to survive, and could certainly use more.
I think how to invest should be a class taught in high school because it is very useful and I think necessary as a regular income will not be enough in the future - additional sources of income from investment will help with living expenses
Great read and points. I just opened an investment account and trying this out. I'm excited to see how this investment journey goes.
Thank you for sharing your experience. All the best to you!
You're welcome and thank you!
I agree with Yana. Not every parent has the knowledge to understand the importance of taking advantage of 401K matching at companies, and similar simple strategies that can work for everyone, as a starting point. It’s unfortunate because the individuals who are in the know most likely have at least some money to invest to make more in the first place, whereas the people who are unaware may be pinching pennies to survive, and could certainly use more.
Thank you for your comments.
I think how to invest should be a class taught in high school because it is very useful and I think necessary as a regular income will not be enough in the future - additional sources of income from investment will help with living expenses
Agreed! Thank you for your comments.
It’s the most powerful and easiest way to build actual wealth in the long term.
Thank you for your time.