Financial literacy bae

[SnowflakesByTheOZ]

beauty
brains
humor

 

[SnowflakesByTheOZ]

 

[Remote]

One of the best things you can do for your children and younger siblings is teach them financial literacy.

The biggest problem is getting people to understand that they don't need to know everything. You don't have to know the stock market and how to do super fancy calculations and study the market and get into options and all that.

Just save some money. Avoid credit card debt as best you can. And toss in a little money into some mutual fund or the S&P 500 and don't do anything.
The biggest advantage you have to grow money isn't your knowledge of the market. It's just time. The earlier you begin, the more time you hold, the more money you're going to have.

 

[#BOTHSIDES]

One of the best things you can do for your children and younger siblings is teach them financial literacy.

The biggest problem is getting people to understand that they don't need to know everything. You don't have to know the stock market and how to do super fancy calculations and study the market and get into options and all that.

Just save some money. Avoid credit card debt as best you can. And toss in a little money into some mutual fund or the S&P 500 and don't do anything.
The biggest advantage you have to grow money isn't your knowledge of the market. It's just time. The earlier you begin, the more time you hold, the more money you're going to have.

Yep… max out your 401k…if ppl really wanted “generational wealth” they’d purchase life insurance.

 

[Remote]

Yep… max out your 401k…if ppl really wanted “generational wealth” they’d purchase life insurance.

I've heard this more and more in recent years from friends who work in that business

 

[Remote]

If you're into stocks, just buy a stock.
Leave it alone. Or toss $50 a month at it.

You look at people who invested in Netflix or Nvidia 10 years ago. Those shares were going for fairly little.

 

[#BOTHSIDES]

I've heard this more and more in recent years from friends who work in that business

Yep. You can get $500k policies, $1m policies, or more…hell you can get multiple policies on one person.

 

[#BOTHSIDES]

If you're into stocks, just buy a stock.
Leave it alone. Or toss $50 a month at it.

You look at people who invested in Netflix or Nvidia 10 years ago. Those shares were going for fairly little.

Yep… I’d suggest an etf or s&p500 like you said… contribute monthly and set it and forget it

 

[7th Letter Specialist]

I thought y'all found my plug for a minute

 

[Field Marshall Bradley]

Financial literacy is probably the most overused and overrated term on black websites

 

[JuvenileHell]

RAW

 

[Remote]

Financial literacy is probably the most overused and overrated term on black websites

Thank you. This was helpful.

 

[Field Marshall Bradley]

Thank you. This was helpful.

 

[#BOTHSIDES]

Financial literacy is probably the most overused and overrated term on black websites

Nah

 

[WIA20XX]

Finance is probably the best money making topic on YT.