Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 6/18/25
Jun 18, 2025
Dive into the importance of financial literacy in education and how it shapes future investors. Discover the ins and outs of 401k plans, uncovering tax benefits and hidden fees. Learn why prioritizing retirement savings over college funds is crucial, and explore the advantages of 529 plans. Gain insights on managing mutual funds versus low-cost index funds, and get practical investment advice. Plus, hear tips on smart debt management and join an investing club for wise strategies.
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Financial Literacy Gap in Education
- Most Americans lack financial literacy education despite being taught many subjects in school.
- This gap contributes to challenges in retirement planning and investing knowledge.
Prioritize 401k Matches First
- Always contribute to your 401k if your employer offers a match; it's free and untaxed money.
- Without employer match, consider IRAs which often have lower fees and better investment choices.
Pay Debt First, Invest Boldly
- Pay off credit card debt fully before investing to avoid high interest eating returns.
- Young investors should invest aggressively in stocks and take more risk due to long recovery time.
