When you're starting off your first big kid job feels super far off what is the point in saving for it now? Time is one of your biggest assets when you're younger. Having emergency fund that's three to six months of must-pay expenses set away somewhere safe like in a savings account or a checking account because if you go from one job to the other you may have to have a month or two where you don't have a paycheck so you have to live off that. Make sure that you do something smart with your old 401k.
Congratulations on finishing up college! So what are you going to do now?
Mary Long caught up with four Fools to get some actionable advice for new college grads. They discuss:
- What to do when you get your first paycheck. - How risk-averse grads can get in the stock market. - Preparing your finances for job hopping. - The difference between being a Rule Breaker and a Bridge Burner.
Stocks, ETFs mentioned: SPY, QQQ, BRK.B
Host: Mary Long Guests: Ron Gross, Alison Southwick, Robert Brokamp, David Gardner Producer: Ricky Mulvey Engineer: Rick Engdahl
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