Alexandoy
VIP Contributor
Young people do not care for their retirement which, I think, should be important. When I retired I was quite disappointed with the meager pension that was granted to me. That’s when I realized that if I had saved enough when I was younger then maybe I could have a bigger monthly allowance.
My advice to the younger generation is to set aside money in one savings account which will serve as the emergency fund and also for the retirement fund. That means the content of the account is not for the purpose of regular spending. Think if you save $1 a day then that would be $365 in a year and in 10 years that would be $3,000 plus which can be used for an investment. It is not easy to invest but a blue chip stock is a good one because of the minimal risk. For the young ones here, start saving a dollar a day.
My advice to the younger generation is to set aside money in one savings account which will serve as the emergency fund and also for the retirement fund. That means the content of the account is not for the purpose of regular spending. Think if you save $1 a day then that would be $365 in a year and in 10 years that would be $3,000 plus which can be used for an investment. It is not easy to invest but a blue chip stock is a good one because of the minimal risk. For the young ones here, start saving a dollar a day.