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But with morefinancial knowledge, many millennials might be in a much better spot.
According to MX, only 25% of millennials feel completely financially secure today.
But thats not necessarily the case.
The sooner millennials grasp the power of compound interest, the bigger they can begin growing their nest egg.
Investing conservatively allows one to sleep well, as there isnt much volatility.
But it doesnt allow you to eat well in the long run because your account wont grow much.
The surest way to build wealth over long-time horizons is to invest in a diversified portfolio of common stocks.
My generation was taught to be content with the salary at the job we get.
We shouldnt ask for more because were supposed to be thankful that they hired us in the first place.
My 32- and 28-year-old nephews are a great example, she said.
Both went for their bachelors at a significant amount of money.
As a result, the millennial generation doesnt often understand the consequences of their financial decisions ahead of time.
Aliaiian agreed that learning the basics, even in your 30s or 40s, pays off.
They just swim with the current and kind of watch where the current takes them, she said.
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