The Importance of Investing When You're Young
We call it the Millennial advantage, but the truth is, generations before and generations to come all have the same advantage when it comes to building wealth and having the freedom to do the things we value. That distinct advantage is the value of time. When it comes to having the flexibility and freedom to live the life you’ve always wanted, Millennials and young generations before us, have always had the opportunity to take advantage of time and it’s ability to build to wealth. You can never get back a year’s worth of 401(k) or IRA contributions, or the potential compounding that occurs over the course of a decade. Waiting to invest could be the biggest mistake many young professionals make early in their careers. This article will explore the importance of investing when you’re young, the power of compound interest, and a case study supporting my claims.
Steps to Financial Success in Your 20s
The steps to financial success usually aren’t easy. However, there are steps you can take in the short-term to put yourself in a good position to meet your goals. At Millennial Wealth, we preach that living a fulfilling life includes not only physical and mental health but financial health as the third piece of the puzzle. The following is a list of practical steps you can implement to ensure financial success in your 20’s and to ultimately put yourself in position to lead a long-term “fiscally-fit” life!
Five Financial Lessons I wish I Had Learned in College
Eleven years ago I stepped out into the world a fresh-faced college graduate, holding a degree in vocal performance from a well-regarded music conservatory. I believed that in the previous four years my education had given me all the tools I needed to take the next step toward my dream career as an opera singer.
Then the real world intervened.
10 Steps Millennials Can Take to Retire Early
by Tommy Martin, Clear Path Financial Planning
Who wouldn’t want to quit their day job and retire early? If given the opportunity, I know I would!
Even the idea of retiring, (at the very least) part-time is an attractive idea, but I never thought that was a possibility in my thirties. However, many of today’s millennials plan on it. In today’s world, it seems like anyone can become a digital marketing sensation. Potentially, anyone can build a massive tribe of engaged followers. These blogging sensations are making a killing but are still wondering what it takes to retire.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.