20:48 9 als < 2 SLCC Financial awareness Q @ New Activity Sort Brittin Linton os 16 mins « Tips from seniors and coworkers: “Get job early “Work hard, and pay for part study always, of you're tuition!” —_ and don’t panic!!” sua stony <<” Beeler And appece detly a wegen Te The econ eppertany eal ae you Seen by 2 1B Like © comment @ Alexis Warlin oe sted by Alexis Warlin ahs B We did a survey at a nursing facility to get advice from elders! Here were some of their responses20:48 7 " $23 succ Financial awareness ag ww uKe \ comment @ Alexis Warlin . Posted by Alexis Warlin We did a survey at a nursing facility to get advice from elders! Here were some of their responses. DD Like © comment More Like SLCC Financial awareness Groups with similar topics and activity 64.9 PS: 320:48.7 2 : < BG siccFinancial awareness Q @ Austin Pond os ahs +B The earlier that you start to invest, the more money that you will have later on in life. The length of time that you have to invest is just as important as how much you invest. Source:Kane, L. (2014, July 8). [How Much You Need To Save To Get To $1M At Retirement]. Retrieved April 30, 2020, from https://insider.com/S3ac75e3ecad0... See More How Much You Need To Save To Get To $1M At Retirement (6% Retuen Rate) i foe te sum oe i i ‘ Seen by 3 WD Like © comment ‘Austin Pond ees 4hes + The earlier you start to invest, the better. Why? because of ‘the powers of compounding interest. Your money starts making you money. eof PW & =SLCC Financial awareness Q @ Austin Pond oe ahs «BB The earlier you start to invest, the better. Why? because of the powers of compounding interest. Your money starts making you money. Source:Kane, L. (2014, July 28). [Start saving at 25 vs. 45) Retrieved April 30, 2020, from httpsi//iinsider-com/ 83ac754b69bedda3512ad279?width=7008form... See More Starting Saving at 25 vs. 35, 7 Seen by 5 1 Like © comment Austin Pond oe ‘uesday at 19:06 - There are many great apps out there to help you start investing! These are my two favorite investing apps. The Acorns app 19 up your purchases to an even number, eof Pe == SLCC Financial awareness Q @ WD Like © Comment Austin Pond oe Tuesday at 19:06 - ‘There are many great apps out there to help you start investing! These are my two favorite investing apps. The Acorns app ‘works by rounding up your purchases to an even number, and then invests the difference for yout It is a very passive and easy way to begin investing. lluse the Charles Schwab App as my main invest... See More SCHWAB Seen by 5 DD Like © comment ‘Austin Pond we Tuesday at 18:44 - Compound interest is great when it works in your favor in investments, but it can also be your biggest enemy when it ‘works against you in loans and other debts. The key is to figure out how you can let it work in your favor. If you stay ‘on top of your loan payments and always Keep an eye on your investments, then compound interest can be your best {friend when it comes to wealth. Having control 0... See More oe Pe =20:48 9 co. >. : < SLCC Financialawareness Q @ 0) Like © comment ‘Austin Pond . uesday at 18:44 - Compound interest is great when it works in your favor in investments, but it can also be your biggest enemy when it works against you in loans and other debts. The key is to figure out how you can let it work in your favor. If you stay on top of your loan payments and always keep an eye on your investments, then compound interest can be your best friend when it comes to wealth. Having control o... See More Generation Z's attitudes about different types of debt Considered to "good debe" Considered "bad debt” = or oo Seen by 4 D Like © comment Austin Pond . ‘uesday at 18:39 + What is compounding growth? Investing isn't just about how much money you have to invest. I's also about how much time you have to invest it. That's because of the power of compound arowth,. eof PW & =SLCC Financial awareness Q @ What is compounding growth? Investing isn't just about how much money you have to invest. It’s also about how much time you have to invest it. That's because of the power of compound growth. You will end up saving MORE by investing less money over a longer period of time. Start as early as possible and watch your money work for you. Compound interest makes your money grow faster because interest is calculated on the accumulated interest over time as well as on your original principal. Compounding can create a snowball effect, as the original investments plus the income earned from those investments gr... See More. Seen by 4 0D Like © comment ‘Austin Pond Tuesday at 18:26 + Many college students have the goal to become financially independent. | know that | have that goal. Ask yourself what are you doing to help you reach that goal? Investing is an important step to help you reach that goal. Make a commitment to budget some money to invest every month. Source: Young Adults have many financial goals-including being financially independent . (n.d.). Retrieved f... See More Young Adults have many financial goals-including being financially independent at©) SLCC Financial awareness Q @ © comment ‘Austin Pond . juesday at 18:31 - If you start saving in your 20s, contributing 10-15% of your paycheck will kely allow you to meet your retirement savings goal. With every decade you delay, however, you'll need to save a greater percentage of your paycheck. The earlier that you begin investing, the greater your reward will be i... See More hae Seas ES Seen by 5 DD Like © comment 2% Austin Pond oe Tuosday at 18:27 - Bl Compounding interest is so important. It helps your money arow faster. a0 f@ @e =‘Austin Pond a Tuesday at 18:27 - Compounding interest is so important. it helps your money grow faster. This example is the average return starting with an in 500$ and contributing 100$ a month for thirty years interest rate of 6% with a 2% variance. (Some years itis. eight percent, some years it is 6 percent) lnvestor.gov has a great compounding interest c... See More The Results Are In EON es AL Seen by 3 oD Like © comment (aiBIR Auietin Dana charad = link os @oe8 @ep =ae ‘Austin Pond shared a link. oe Tuesday at 18:16 - When it comes to the best way to save for retirement, 45% of people chose a savings account as their primary method, with the next most popular response being 401(k) accounts at nearly 30%. Only 14% of respondents chose individual retirement accounts or Roth IRAS. What is scary is that savings accounts are the most popular option but their growth rate is very dismal. The c... See More i SUNMARKFCU.ORG 64% of Americans Aren't Prepared For Retirement — and 48% Don’t Care :: Sunmark Credit Union | The Bright Wa... Seen by 2 WD Like © comment ‘Austin Pond on Tuesday at 18:09 +B This is earnings at age 67 after investing $1,200 per year. + Investor 1 Invests $1,200/year from age 18 to 28 (invests for 10 years)which grows to $164,536 + Investor 2 Invests $1,200/year from age 40 to 65 (invests f... See More $345,884 $164,538,SLCC Financialawareness Q @ Austin Pond os ‘uesday at 12:06 Itis alarming how investing is generation Z, and many college students last financial priority. The key to investing is to just start, even if itis only a litte bit to begin with Source: Generation Z's financial priorities. (n.4.). Retrieved from https;/thefinancialbrand.com/wp-content/uploads/ 2019/01/Gen-Z-Financial-Priorities-565x389.png Generation Z's financial priorities d ‘Aanting together a financial plan Ed 4 ae th Like O comment Austin Pond updated the description. . Posting financial education for students attending Salt Lake Community college. a of @e =