5. Invest in stocks: Recognizing that it takes more than just a 401k plan to secure a comfortable life after retirement, Rapley and Harris suggest millennials invest in stocks and other investment funds without being afraid to endure some risk. Harris points out that investing $2,000 each year for 20 years in S&P 500 can help you build a wealth of more than $72,000 over two decades. But if you leave your money in treasury bills, which is basically like cash, you’ll only end up with about $50,000 over the same time period.
PREVIOUS 5 of 5
[fbcomments url=”http://urbanmoney.org/project/5-ways-millennials-can-build-wealth-for-the-future-5/” width=”790″ count=”off” num=”30″ countmsg=”wonderful comments!”]