February 16, 2022
- inflation is high, things get more expensive
- wages (how much people earn) do not go up as fast as inflation
- many will have to do more than one job or buy less
- as a 12 year old: start saving early
- you can turn money into wealth (Dan/Monica story)
- in grade 8, you will learn more about the stock markets and investing
- if you can only buy ONE stock in your life, buy a Canadian bank stock
- don’t overspend; spend half, save/invest half
- I bought shares in Scotia Bank in 1990 with $2300, this is now worth about $250,000
No comments:
Post a Comment