I'm 17, I have one more year of high school left. I'm really starting to make more money, and I want to know the best places to keep it, and to manage it. I don't have a dollar of debt, so technically I'm more wealthy than most of the U.S., and I would like it to stay that way if I can (avoid car payments, student loans, ect)(You always hear financial advice on getting out of debt, why not just stay out?). I like to earn what I have, and own my possessions.
So far I've just used a savings account in America First Credit Union, but I'd like some suggestions on what to look for in a bank or a credit union. Is the one I'm using completely competent?
I would also like to do most of my banking and finances electronically if possible, any thoughts on "Mint" and how secure they are? It seems very top rated and legit, but I'm also aware of what can happen online, I'm a little nervous about it.
Thank you!
Finance tips for young adult?
2015-05-16 4:21 pm
回答 (4)
2015-05-16 7:18 pm
✔ 最佳答案
The sooner the better. I started at 18 and I am a 38yrs old millionaire. At this stage of your life, your most valuable asset isn't youthful vigor or a full head of hair. It's time. Because you're decades from retirement, contributions to a 401(k) or other retirement plan will have years to compound and grow. Even a modest contribution now will pack a much greater wallop than a significantly larger contribution when you're in your forties and fifties.Why You Need a Roth IRA
If you start socking away $200 a month in a retirement account from the moment you land your first full-time job at age 22, within ten years you'll have a stash of more than $37,000, assuming your investments grow 8% a year. In 20 years, you'll have more than $122,000, and by the time you reach age 67, your nest egg will be worth $1.2 million
Vanguard Roth IRA
Vanguard Total Stock Market Index
An employer retirement plan(never leave free money on the table)
Your credit union is ok for your emergency fund and checking account ONLY
Education, save and live within your means
2015-05-18 7:44 pm
talk to a professional financier.
2015-05-17 6:22 am
You ARE NOT more wealthy than most. WEALTH includes all assets. House, car, etc plus retirement plans and intangibles like education [ = a better paying job, self-satisfaction, a higher self-esteem, which = better health,,, ].
Keeping your money in the bank (to avoid monthly fees, overdraft fees, interest expense fees on late payments, etc) is how to manage your money now. Work toward owning a home. That is a major cornerstone of many retirement plans. A $300,000 home now will cost $1.2m when you retire.
Keeping your money in the bank (to avoid monthly fees, overdraft fees, interest expense fees on late payments, etc) is how to manage your money now. Work toward owning a home. That is a major cornerstone of many retirement plans. A $300,000 home now will cost $1.2m when you retire.
2015-05-16 9:06 pm
Open up a brokerage account at any discount broker. Put money in as often as you can. Once/quarter buy the ETF "SPY". It will cost you over $200 to buy 1 one share so hold on until you can buy a few shares. SPY is essentially the stock market. There will be volatility..especially this year, but keep on doing it. Don't worry about "crashes" corrections, or whatever. They will come....and they will go. You are investing for the long term. With SPY you are automatically diversified. That's my take...GOOD LUCK.
收錄日期: 2021-05-01 15:59:24
原文連結 [永久失效]:
https://hk.answers.yahoo.com/question/index?qid=20150516082159AA9QFcW