According to Business Insider, only 24% of Millennials are financially literate. Meaning that Millennials struggle to understand the basics of personal finance. For this reason, Darius and Kirsten had a conversation with a financial advisor who gave his two cents on all things money.
SHOW SUMMARY:
[2:17] Emergency Funds - how much you should have saved
[4:11] The importance of investments
[8:50] How to increase your credit score
[12:00] 401K - how much you should save each pay cycle
[16:00] How to prioritize your personal finance goals
[19:22] 50-30-20 rule
[20:25] Why you should sit down with a financial advisor
EPISODE QUOTE: "The difference between [Millennials] and everyone else is that we have the conscious mind of wanting better and knowing better. We're relentless in pursuit of our goals."
Would you like to chat about your personal finances with Theo? Connect with him on LinkedIn here.
Want to keep up with the Norwoods and All Things Career? Be sure to head to the website and subscribe to our newsletter. Don't worry, we won't spam you or share your information.
➡️ https://norwoodandco.com/allthingscareer
Connect with Kirsten on LinkedIn: https://www.linkedin.com/in/kirsten-norwood-2a4ab580
Connect with Darius on LinkedIn: https://www.linkedin.com/in/dariusnorwood
Let us know if you’re a fan of the show so we can shout you out on an upcoming episode!