The First $10,000

Key Takeaways

  • Putting $10,000 away a year for even just 10 years can make a huge difference.
  • If you put the money away in a 401(k)-type account where there are tax deductible and tax deferrable benefits, you will end up with much more money years down the road than you would just saving it on your own.

Investing in Life

Key Takeaways

  • Investing, like growing up, can be very complex.
  • Factors such as what markets you invest in, your personal goals and risk tolerance, how you diversify and allocate your assets, and who you use to help you invest your money, all make up this complicated system.
  • It’s up to you to determine how you are comfortable investing, but don’t be afraid to reach out for guidance to ensure you make good decisions about your money.

The Dynamic Duo: Risk and Reward

Key Takeaways

  • Risk and reward both clash and work together, and are culturally significant here in the US as American investors tend to embrace more risk than elsewhere.
  • Risk tolerance is how much you are/are not willing to take a risk on an investment, and there are several types or risk markets you can invest in based on your risk tolerance.
  • Your short term and long term goals affect how you allocate your investments.