For millennials, understanding their best investment options while in college or high school may not always be top of mind but for those that do start thinking about money earlier in life, it will benefit their retirement portfolio’s greatly. Dustin Stanley, independent financial planning advisor of Strategic Wealth Designers joined WDRB in the Morning to talk about three keys to investing young.

              “First, this applies to everyone really, put a budget together, plan and figure out where you are at financially – look at how much you spend every month, once you understand where your money is going, then you can get a handle on what you can eliminate and it won’t really bother you too much,” Stanley says.

              The stock market and the financial landscape is a lot different for millennials than when their parents were their age.  Many millennials were children, as their parents struggled through 2008 and they have a different perspective on money than generations before.

              “Strategies that our parents and grandparents use to use, just don’t work anymore,” Stanley says.  “Time spent in the market is where the big growth is going to come from. When downtowns happen and millennials are able to buy as those drops occur, they are able to take advantage of the stock market being on sale.”

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