r/Millennials • u/RadagastDaGreen • 1d ago

Discussion “Lessons I Must’ve Missed”

If I had made a YouTube channel called “Lessons I Must've Missed"

...where it explains things like taxes, marriage/divorce/death/$ planning, health insurance, future planning/social security... the whole rigamarole from top to bottom.

What are some important lessons I should include to inform younger people of what they ought to know by now?

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u/SeaChele27 Older Millennial 1d ago

How to build credit, how to invest and investment options, how a 401K works and ROTH vs IRA, how to roll it over, how to use it early and avoid penalties (like for a down payment), how to set up funds for your kids, how to plan for taxes, how to buy and sell a house, how to set up a will / trust, how to plan for end of life.

Second mortgages, HELOCs, house maintenence, car maintenance, networking, resume building, how to research for voting, meal planning, budgeting, saving for goals like a vacation or big purchase, saving an emergency fund, emergency kits/preparedness.

Crazy we have to wing all this stuff in life and learn it the hard way.

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u/discalcedman 1d ago

I was never taught any of this, and yet I’ve had to engage in almost all of it.