You Only Live Once

You Only Live OnceIf you’re of a certain age, YOLO needs no translation. For the rest of us, personal finance writer Jason Vitug has helpfully spelled it out in the title of his latest book: You Only Live Once. Vitug is American, as is his publisher John Wiley & Sons Inc. but, as is often the case, the basic principles transcend borders. Vitug was a credit union executive who has turned financial guru…

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Most Millennials Don’t Expect to Become Millionaires

Most Millennials Don't Expect to Become MillionairesEach of us is now responsible for saving for our own retirement, but many young people aren’t feeling particularly optimistic about their ability to do so. Most millennials (64 percent) say they don’t expect to be able to accumulate $1 million for retirement over their lifetime, according to a Wells Fargo and GfK survey of 1,005 millennials ages 22 to 35 who are employed U.S. residents, but not working in…

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Why Millennials Need to Get Over Their Fear of Stocks

Why Millennials Need to Get Over Their Fear of StocksAfter coming of age during the worst economy since the Great Depression, many members of the Millennial Generation have become wary of the stock market. But by putting their money into so-called “safer” investments, these young people are actually putting their future retirements at a much greater risk. Over the past five years, many young adults in their 20s and early 30s, also known as “Generation Y,” have watched their…

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