The world of finance just completely perplexes me. Any time someone talks about it, my mind goes blank. Any way you can help me understand it better?
What fortune it is, then, that you've run into a graduate student for financial planning. Not kidding, lol. Mostly, it's about money management.
Money management, eh? Is there anything intricate about it, or some kind of expert knowledge/history you can tell me?
I'd say historically it's as old as money itself. But step zero of all money management is building yourself a budget. Got one?
It's really low. Like I can only afford $1,000 a month because I'm a student.
Hey I'm right there with you. My expenses are $1200/mo. When you know your expenses, you can cut out thing that add no significant value to you.
Anything specific you can tell me about investments, if I decided to go that route?
Yes. Contribute to a 401(k) if you have one. Then a personal Roth IRA. After that, Vanguard has super low commission index funds. I'd go in that order.
That makes a lot of sense. I think I might try that. What other tips can you give me?
401(k)
In the United States, a 401(k) plan is the tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code. Under the plan, retirement savings contributions are provided (and sometimes proportionately matched) by an employer, deducted from the employee's paycheck before taxation (therefore tax-deferred until withdrawn after retirement or as otherwise permitted by applicable law), and limited to a maximum pre-tax annual contribution of $19,000 (as of 2019).
Other
producer, but again, '9' was completely sucked dry of any scruffiness and all that beautiful space. So for me those albums are disappointing because I know they could have been better.”"
"Disappointed":
- John Lydon (1989/99): "'Disappointed' is what it says, it's just about the many and varied ways people let you down." "But, you know, that's what people will always do. You can't change the human race. You've