5 Reasons Gen Z Are Broke

Happy Monday folks!

Yesterday, I drove 3.5 hours down to Miami to watch the Miami Open with my dad (professional tennis tournament). Ended up spending $180+ total for the day…and it was totally worth it. That’s my rich life, experiencing dope things with the people I love.

DEFINITION
What is a 401(k) plan?

• A 401(k) is a special savings plan for your retirement. It's set up by your employer, and it allows you to save money from your paycheck before taxes are taken out. Think of it as a piggy bank for your future. The cool thing is, the money you put into your 401(k) can grow over time because it's invested in things like stocks and bonds. So, when you're older and ready to retire, you can take out the money you've saved to help you live comfortably. It's basically a way to make sure you have enough money to enjoy life after you stop working.

PRACTICAL ADVICE
5 reasons Gen Z are Broke

1. Student Loans

2. The Gig Economy

3. Impulse Spending

4. FOMO Culture

5. Rising Cost of Living

More details on my latest video uploaded today!

OUR COMMUNITY
What are your questions? Or share a win!

• Reply to this email with any personal finance question you have, or share with me any wins in your life! (I’ll respond to your questions anonymously in future emails)