Here's how 20 year-olds can start building wealth today in 6 simple steps.
If you take everything the media says at face value, you might think young people — and especially millennials — are hopeless when it comes to money.
The idea that young people are destined to earn less than $40,000 per year and work until they die has the potential to convince people that they shouldn’t even try. If you’re set up to fail anyway, why bother?Now, here’s the good news. Regardless of how much you’re earning right now and whether you’re struggling with underemployment orStep 1: Boost Your Retirement Contributions
Increase it by whatever percentage you can get away with, and you may be surprised by how little your take-home pay changes in the end. Also remember that you can build wealth for the future in other ways, including opening a traditional or Roth IRA.President of AssetDynamics Wealth Management
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