I wish they taught financial literacy in high school, as my parents didn't teach me anything about finances, so I didn't know much until I was in my thirties. It would have been helpful to hear this, and even though money was really tight in my twenties, knowing about investing would have been very helpful, so it is good to share this information!
It's insanely unrealistic to say people in their 20s should be investing when we're drowning in student debt, barely affording rent and groceries, unable to find well paying jobs and faced with an insurmountable cost of living.
I hear you. The economic landscape today is so different from that of previous generations. Stagnant wages, rising costs of living, and unprecedented events like the pandemic have reshaped our financial journeys, especially for younger generations. But saving and investing is a habit. And so starting as early as possible even if it's just with a little bit of money to inspire a habit that hopefully will grow is important.
The best way to predict the future is to create it! Everybody is not an entrepreneur. However, solving a BIG problem on your level is one of the best/fastest ways to accelerate your income because you can predict the numbers based on who you help. This is not easy, but it's really simple. The wealthiest people in the world, solve the BIGGEST problems. You can follow that same strategy because it works for anyone who implements it effectively! Someone is waiting on your solution right now!!!👍
@@salyol7 You're right. It's definitely not easy. But over the last several decades, the S&P 500 has delivered an average annual return of around 10%. This average includes periods of significant growth as well as downturns. It's so important to note that past performance is not indicative of future results. Market conditions, economic factors, and geopolitical events can all influence future returns, and there's always inherent risk in investing. So while a 5% return as an average over a period of time is reasonable based on historical trends, it absolutely cannot be guaranteed. And if you're not taking advantage of investing over a long time horizon, you're losing value because of inflation.
Melissa Leong always seems like she is forecasting doom to me, all these financial people depress the hell out of me. I love Melissa Leong's dress though, I would wear that because I love blue and I love Cynthia's dress.
I wish they taught financial literacy in high school, as my parents didn't teach me anything about finances, so I didn't know much until I was in my thirties. It would have been helpful to hear this, and even though money was really tight in my twenties, knowing about investing would have been very helpful, so it is good to share this information!
Love this segment
It's insanely unrealistic to say people in their 20s should be investing when we're drowning in student debt, barely affording rent and groceries, unable to find well paying jobs and faced with an insurmountable cost of living.
I hear you. The economic landscape today is so different from that of previous generations. Stagnant wages, rising costs of living, and unprecedented events like the pandemic have reshaped our financial journeys, especially for younger generations. But saving and investing is a habit. And so starting as early as possible even if it's just with a little bit of money to inspire a habit that hopefully will grow is important.
She said invest $100/month, not thousands.
@MEGIDIOT I agree to save a little bit even $25 a month and then invest.
The only person you’re hurting by not investing is you. Fair or not, you’ve only got yourself to blame if you don’t prioritize saving and investing.
This expert is so articulate and impressive. Wow.
The best way to predict the future is to create it! Everybody is not an entrepreneur. However, solving a BIG problem on your level is one of the best/fastest ways to accelerate your income because you can predict the numbers based on who you help. This is not easy, but it's really simple. The wealthiest people in the world, solve the BIGGEST problems. You can follow that same strategy because it works for anyone who implements it effectively! Someone is waiting on your solution right now!!!👍
You make it sound so easy ,far from it!Give the right facts no way will you get a return of 5-6% on accounts long gone those days,lol.
I agree, I haven't found that long-term anywhere.
@@salyol7 You're right. It's definitely not easy. But over the last several decades, the S&P 500 has delivered an average annual return of around 10%. This average includes periods of significant growth as well as downturns. It's so important to note that past performance is not indicative of future results. Market conditions, economic factors, and geopolitical events can all influence future returns, and there's always inherent risk in investing. So while a 5% return as an average over a period of time is reasonable based on historical trends, it absolutely cannot be guaranteed. And if you're not taking advantage of investing over a long time horizon, you're losing value because of inflation.
@@lisleong stock market fluctuate don't put all your money in that I prefer GIC'S rates are decent lately
6% return???????? She's out to lunch.
Canadian economy is in the toilet
Melissa Leong always seems like she is forecasting doom to me, all these financial people depress the hell out of me. I love Melissa Leong's dress though, I would wear that because I love blue and I love Cynthia's dress.