submitted 9 months ago* (last edited 9 months ago) by fortniteplaya@lemmy.zip to c/asklemmy@lemmy.ml

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What is a good piece of advice from your parents or that you’ve learned that others may not know or that you wish you were told as a child/teen?

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[-] tsonfeir@lemm.ee 8 points 9 months ago

Yes. “Put your money here, it will be there when you’re old—we promise.” Is a ridiculous plan.

[-] minorninth@lemmy.world 5 points 9 months ago

You get to choose how your 401k is invested, though. The only difference is a tax advantage.

The advice is just: save money, let it grow using compound interest, use tax laws to your advantage.

There's no "trust the government" in that advice.

this post was submitted on 20 Jan 2024

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