I remember reading this back in August when it came out. This is an really great read for anybody really. While the numbers are high for someone like Scandella compared to middle class folk, you can apply those same principles and ratios to your own investing and savings, and see where it goes.
Honestly, they need to start teaching this stuff in high school. It's ridiculous how unprepared for life 18 year olds are coming out of high school. Even myself, all I knew about investing coming out of high school was put it in my bank account for a fraction of a return. Out of university, my first job had RSP Matching, which I had no idea what that even was until I researched it.
|