Sep 5, 2019
When people come into large sums of money quickly or early in life, be it from a new job or inheritance, it can take some time to understand how to best use those funds. Are you setting aside enough for later?
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0:16 - Co-owner of Milwaukee Bucks setting aside 10 percent of athlete’s salary for retirement.
2:32 - Everyone should set aside 10 percent of salary or more toward retirement.
3:35 - A million dollars in savings is a lot of money, but if your spending habits are high and you don’t have enough saved for retirement it’s not as much as it used to be.
4:43 - Education is critical with your finances, whether you made money a lot of money fast or if you are just starting out.
6:03 - How do you prepare for 30-40 years in retirement?
8:42 - Should you pay down your mortgage before retirement?