Financial tips for 20 somethings with Lesley Scorgie and Rob Carrick

Lesley Scorgie, author of Rich by 30 a young adults guide to financial success, with Rob Carrick from the Globe and Mail discuss financial tips for 20 somethings.

* How do I get rich by 30?
* How much of your paycheck should you save?
* How do you decide where to put your savings?
* What are the benefits of a TFSAs compared to an RRSPs?
* How do you begin to save for a house?

The Investor Education Fund is pleased to be cosponsoring this video series with the Globe and Mail called "Lets Talk Investing." The series is hosted by renowned Globe and Mail columnist Rob Carrick and features prominent Canadian financial experts discussing topics that are relevant to investors.

http://www.getsmarteraboutmoney.ca/managing-your-money/planning/investing-bas...

Category:

Education

Tags:

• buying a house
• TFSA
• GIC
• money market
• house poor
• afford payments
• tax-free savings accounts
• rrsp
• resp
• paycheck
• debt
• student
• financial literacy
• spending money
• investing
• saving
• financial tips
• 20 somethings
• get rich
• Lesley Scorgie
• Rob Carrick
• globe and mail

[naheedg]

Disagree with most points here. Simple example is if someone earns $50k, 10% saved is $5k. $5k x 30years is $150,000; 15% wouldn't be that much more. Assuming 3% net return (after inflation), it's only $240k. Fine you could argue reinvest the tax refund. But the millionaire concept?? RRSP doesn't provide more room than TFSA!!! It depends on income!!! And RESP guarantees 20% in grants - can an RRSP do that? NO, again, it depends on income. And how about mention of the HBP (home buyers plan)?

[naheedg]

@playranges123 agreed...it's not clear how she's built up her wealth, good for her either way.

[naheedg]

@partyhouse88 i believe she is 28/29

[MsEFinancialChoices]

such a cool information shred..and tips..thanks for the uploads..!!

[playranges123]

typical bad "common sense" investing advice...probly plans to get rich by 30 with selling her investing books

[partyhouse88]

i wonder how old she is