What is one piece of financial advice that you have for a young person just entering the workforce and who is aiming to retire at 65 (and no later)?

like
Posting as :
works at
You are currently posting as works at

Advice #1 - forget about 65, its an outdated age. Have savings as social security is something that will be of the past. By the way, most likely retirement age will be around 75 at least you decide to retire.

Consistently invest in your retirement. It doesn't matter how small your first contributions are in the beginning; consistently invest.

Invest in buying land and properties. Most importantly SAVE a minimum of 25% of everything you make.

Work on building your alliance in and out of the company. The threat of offshore workers is very real and they will come and try to take your job.

Keep your eyes and ears open at all times and try to always position yourself on the winning side

Related Posts

Is anyone on discord channel for options trading?

like

Question, if you pay off your house isn’t a 100k salary more than enough to sustain a good lifestyle? My goal has always been to payoff my mortgage then find a really easy analyst role to sustain my expenses. Assuming I’m a director/VP by the time my mortgage is paid off I’d probably be able to do an analyst 40hr week in like 10hrs. Esp at some of these low expectation companies. What do y’all think about this plan?

smartlike

What will be in hand for the below after-tax deduction?

Post Photo
like

Hello All,
If anyone is interested in getting an Amex card as first year free, please dm me. I can help with referral so that you get the card FYF and 2000 bonus points on spending just Rs. 5000 in 90 days.

like

How much is Sodexo card amount in BNYm. And can we claim Wifi Amount also ?

like

Looking to transition to a new career, possibly to SWE. I have a physical science background with some student loan debt. Before I dive into more student loans, I wanted to check out some Software Engineering boot camps....

Any recommendations? What's your personal experience? Are they worth paying, or is college the way?

likeupliftinghelpful

NYC struggles: 1st paycheck to rent, 2nd to pay off credit cards. Almost none for savings. Maybe it's time to rethink my lifestyle of drinks and debauchery ✌️

like

What other cards to add to my collection? I have AmEx Platinum and Chase Sapphire Reserve. Fly Delta so AmEx is handy for lounges. Use Sapphire for dining/travel. Should I add Chase Freedom Unlimited?

like

Made my first few options trades.

first lesson I learned- take profits ASAP! calls went from +100% to -20%.

like

On a credit file, do multiple credit cards from the same issue count as multiple accounts or is that issuer counted as a single account regardless of how many cards

like

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later.

like

Could anyone recommend a set of indices that are publicly available and is a good predictor for consumer spend in home renovations ?

like

Has anyone found a good mutual fund that matches Dave Ramsey's recommendations? I've always dumped into an s&p500 index fund, but have some time to explore other options. Curious where to start.

like

Been looking forward to the stock market to come back to earth for a long time. What should I buy

like

Newbie here, can anyone here pls share their trading journey?

like

Hi IBM sharks,
My friend received bluepoints, what's the conversion rate to rupees? Can we redeem it as cash components?@ IBM

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

Monday Wordle :

Wordle 401 5/6

⬛🟨⬛⬛🟩
⬛🟨⬛🟨🟩
⬛🟩🟩⬛🟩
⬛🟩🟩🟩🟩
🟩🟩🟩🟩🟩

like

Anyone know when Ch. 7 BKs must close by? Is this changed by when there are adversary proceedings (alleged fraudulent transfers made to a bank for CC payments)? Asking for my friend who is unfortunately involved bc of his parents, who are the debtors (he isn’t a defendant or a debtor in this, but the payments were made to a CC in his name—a CC he didnt know was opened in his name).

Its in Texas, and the initial BK filing was made about 23 months ago. TIA!

like

More Posts

Anyone looking for a head of people specifically and start ups or small businesses?

like

Mindshare1, looks like you have some competition now haha

like

Hi,
I'm looking for an HR role in India. I'm an MBA -HR graduate and currently working as a PMO analyst.

How much hike Congnizant gives for latral hires? With 7+ experience, As a Data Modeler.

like

Amazon Connectx-V2
Programming language and Certifications
Proficient in Node.js , Python , Micro services, CI/CD
AWS solution architect associate/Professional
AWS developer associate
 Genesys or InContact contact center certifications.
Work Experience
Candidate should have 6-8 years of Contact center technical experience. Out of total experience 3-4 years should with amazon and rest with other contact center technologies like Genesys , Cisco , In Contact etc.
Contact:8851891563

like
like

Thoughts on Pivotal Labs? It isn't clear how tightly coupled they are with implementing their cloud solutions. Do the various offices vary much?

Hello people. Need a suggestion and plz provide your honest inputs. I'm with EY GDS currently (3 YOE) with a package of 10LPA (before hike). Role is of Tax senior. I'm exploring roles in WELLS FARGO/JP as I am looking into profiles in investment banking. Have done masters in banking & finance, & have retail banking experience of 4.5 years. Overall 8+ YOE from scrap.
Just want to understand the salary structure and role in wells/jp if possible. What can I expect with the jump at most? Plz help.

like

Is the CVA exam worth pursuing?

like
like

Anybody else noticed recruiters are only proactively reaching out about hybrid/on-site roles nowadays?

It's almost as if people don't want to be in offices anymore so that's why it's difficult for them to fill those roles.
Sidenote: recruiters, you can see on my LI profile that I'm remote. In the "What jobs are you interested in" field you can see I'm only interested in remote roles.
So, why are you reaching out to me about jobs in a city 3 hours away that's 100% onsite and w/out even a ReLo?

like
like

What’s the total comp for Principal at BCG? base + bonus etc. Searched online and on the bowl but no clear answers. Are there different levels to
Principal and how does the comp change across levels?

like

I want to start freelancing. Any leads on good sites?

like

What is a good RE PE senior analyst salary for DC? Trying to negotiate total compensation.

like

What position is Senior Associate Technology L1 position ?

Can anyone tell me

like

Anyone know the raise amounts for BCG yet?

like

PwC 🐠 - any idea of who an experienced hire should contact if they want to join Forensic Advisory?

like

Anyone have a CFE designation and taken the test recently? Debating about getting it wasn’t sure if it’s worth it.

like

What can I be doing in my current entry level tech consulting job to make me a great candidate for promotions/raises or changing jobs in the next year or 2?

like

Additional Posts in Finance

NYC struggles: 1st paycheck to rent, 2nd to pay off credit cards. Almost none for savings. Maybe it's time to rethink my lifestyle of drinks and debauchery ✌️

like

When your best is never good enough 🙏

like

FRM is has narrow focus, demands depth, quick to complete

like

Bad decision to wear a $7000 Cartier gold bangle in the subways!?! If someone wants to rob me, they’d have to chop my hand off to get the bangle given it can only be unlocked with a screwdriver. 😫

like

Moving to NYC soon for an entry level salary in IBD- what taxes can I expect to pay?

like

What are the designation levels in the major financial institutions? It's confusing because some consider VP and SVP more senior than a Director, and some have SVP one level lower than a Director like in Citi. If you know the levels of whichever org you work for, please comment on this post. For example in Standard Chartered:
it's Associate, Associate Director, Director, Executive Director, Managing Director (3 levels).

like

When people ask how I handle this job... HAHAHA, I don't.

like

What kind of questions does a role alignment interview for a Finance+Ops role at tech company entail ? Is it just a fancy name for evaluating prior experience and the behavioral stuff ? Or is there some framework being tested?

like

Would anyone consider their senior colleagues to be their genuine friends?

like

Doing a fantasy football draft for for my work league in an hour and no clue what I’m doing. Anyone care to share a cheat sheet or some strategy tips on who / what player position to pick in the first few rounds?

like

Confession: I have a dirty mouth and serious swearing problem. I'm that coworker who constantly mumble swears and dirtiest words just flow off my tongue. No ones complained yet. Should I be worried?

like

What's your favorite industry to work a deal and why?

like

I am so depressed working in banking. I have only been at it for a couple months, but I feel intellectually stifled, sleep deprived, I haven’t been able to workout at all, and like I’m losing friends.

like

how to order a martini like boss?

like

Frustrated Intern trying to log in with num lock off (pin all numbers)

like

Hi guys, does the Bank of America support Canadian who works with TN work Visa? Will their HR or legal team know how easy it is ?Bank of America

like

When's the last time you've left the office at a reasonable time -- say by 6 PM ?

like

Roth vs Traditional 401k, thoughts?

like

Who bought some Bitcoin on Black Friday?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal