Well, millennials likely were little kids in a time before computers and cell phones were everywhere. They likely remember getting their first computer and cell phone, and it was a big deal. The likely encountered technology for the first time at school - playing Oregon Trail on a green compu...
For example, when I startedcontributing to my 401k in 1999, the maximum contribution limit was only $10,000. If you are a 40 year old, it's best to focus on the Mid End column. This chart does not take into consideration any after-tax savings post 401K contributions. However, the hig...
Most employers will match 401k contributions. That's free money they're offering towards your retirement. Let's say your employer matches up to 5%. That means if you contribute 5%, then you're automatically saving 10% of your income for retirement. If you can, open a separate tax-...
An odometer in a car has a reading of 50 km at the beginning of a trip and a reading of 125 km half an hour later. 1. What is the average speed of the car? A. 3.75 km/h B. 62.5 km/h C. 1250 km/h D. 25 Suppose you are driving on a...
If we're long-term investors, it's a good idea to understand how much the stock market moves a day on average. When stock market volatility spikes, we'll feel more calm and reduce our chances of doing something irrational. Let's look at the average daily percent move of the stock mark...
Think about it; in reality, “owning” a huge and expensive mansion adds nothing to your wealth if you owe exactly what you paid, and the same can be said for cars, boats, and other big toys. And if you owe a lot of money on credit cards or student loans, that amount can easily...