You think that having a million bucks when you retire is serious bank? That you’ll retire with jets and homes on multiple continents and bling as far as the eye can see? Well, that math works if you’re 97 and just going to live one more year; but if you’re 65 and planning to live another 33 years, then…what time does the Blue Plate Special start again?
Or how about if you don’t invest in the stock market and keep all of your dough in your sock drawer? The market goes up about 8-10% a year over long periods of time, doubling about every 8 years; by not investing, you’re basically guaranteeing yourself a lifetime of financial mediocrity.
Or…maybe you have no clue what we’re even talking about? No matter what, you’ve come to the right place.
Welcome to the world of Shmoop Finance: guides to financial literacy for folks of all ages, from diapers to dentures. (Well, maybe not diapers; infants should probably ask their parents to hold their cash for a few more years.)
- For the early bloomers, we cover financial responsibility, savings, and credit and debit cards.
- For those of you heading out on you own for the first time, there are sections on college finance and job income.
- And for anyone who’s becoming an adult (in age if not maturity), we’ve got all the deets on the inner workings of insurance, taxes, mortgages, and the increasingly elusive possibility of retirement.
- After you follow our advice and start swimming in literal poolfuls of cash (or the more tax efficient shares of stock), our section on investing will give you tips and tricks from decades of experience on Wall Street.