
Everything You Need to Know About Finances in Your 20s
Money Guy Show
00:00
Saving and Investing for the Future
A little goes a long way. You really do have that opportunity to take just a little bit of today for that great big beautiful tomorrow. For a 25 year old, if you can save 1% additional of your income, when you get to retirement,. That additional 1% in savings can replace 6.6% of your retirement living expenses. It's pretty easy mathematics to work through. If you save 2%, you can double that 3%. You can triple that. This just shows how much those small decisions early on can have a huge impact later on.
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