Trading really threw me for a loop emotionally. >>< One moment I felt like I had the market mastered, and the next I was questioning why I ever got started. I tried doing it all on my own, following online videos, but the losses keeps stacking up faster than the wins.
I started my 401K right out of college and I'll be over 40K by the end of the year. Have had it for about 6 years. Time is the biggest advantage people have
REMINDER Your roth ira will not grow if you don't invest it. If you leave it in the account and dont put the account in the market you would have made a big mistake.
don't wait with retirement, but remember that living life in your youth is just as important, 6k vacation at 25 is going to way more memorable than a 30k retirement pool vacation at 70.
Because of the the inflation, 6500$ is probably more than 10000$ 24 years later. 8 years ago, where I live, I needed 4x less money than I need today for a month. So actually it is no surprise that the person B got less in the end – she invested BOTH LESS and later
Trading really threw me for a loop emotionally. >>< One moment I felt like I had the market mastered, and the next I was questioning why I ever got started. I tried doing it all on my own, following online videos, but the losses keeps stacking up faster than the wins.
I. LOSE. ABOUT. $40.000
TRY. MY. BEST. GET. RICH
$40.000.000
SIGN. UP. SIGN. IN
REWARDS
MILLIONAIRE
What kind of fantasy are you living in where a 21yo gets a 10k bonus
I started my 401K right out of college and I'll be over 40K by the end of the year. Have had it for about 6 years. Time is the biggest advantage people have
The second girl wasn’t just starting too late. She’s also putting in way too little despite definitely having the means to put more.
Who the hell gets a 10G bonus at their first job?
REMINDER Your roth ira will not grow if you don't invest it. If you leave it in the account and dont put the account in the market you would have made a big mistake.
Buy Bitcoin it destroys everything
Not tax free, tax deferred.
I bought gold at $1,700 an ounce 3 years ago when everyone said not to buy gold. It's about $3,500 an ounce now
(Too bad I only bought 2 ounces ☹️)
You should always max out your Roth IRA as soon as possible.
the big problem is that in 40 years 170k will be toilet paper.
Tell me what I’ll have at 40
Roth IRA = American Kiwisaver
This all assumes you'll be able to healthily live and work until 65.
Ok good video bimbo. Now let’s get back to real life
I’m 26. By the time my generation retires, retirement income alone won’t cover our basic expenses. That’s why I’m investing.
🎉❤🎉🎉🎉🎉
Its pre taxed not tax free
Peak
don't wait with retirement, but remember that living life in your youth is just as important, 6k vacation at 25 is going to way more memorable than a 30k retirement pool vacation at 70.
YOLO
You do pay taxes on retirement. For 401k it’s when you start making withdraws and with a Roth your contributions are after taxes.
Also, be sure to take into account the inflation tax. If you believe the gov. numbers you need to take away 2% every year you are saving.
Because of the the inflation, 6500$ is probably more than 10000$ 24 years later. 8 years ago, where I live, I needed 4x less money than I need today for a month. So actually it is no surprise that the person B got less in the end – she invested BOTH LESS and later