Asklemmy

43965 readers

1403 users here now

A loosely moderated place to ask open-ended questions

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

Parental Advice (lemmy.zip)

submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]

25 comments fedilink hide all child comments

What is a good piece of advice from your parents or that you’ve learned that others may not know or that you wish you were told as a child/teen?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 10 months ago (1 children)

Yes. “Put your money here, it will be there when you’re old—we promise.” Is a ridiculous plan.

[–] [email protected] 3 points 10 months ago

You get to choose how your 401k is invested, though. The only difference is a tax advantage.

The advice is just: save money, let it grow using compound interest, use tax laws to your advantage.

There's no "trust the government" in that advice.