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Adjusted for inflation, millennials were making $51,825 at that age.
These are allgreat questions no matter your age and wealth status, so listen up and ask away.
How Should I Start Investing With Only a Small Amount of Money?
We all need to be investing as early and as consistently as possible.
Seriously, even a few dollars can start your investment journey, Carpenter said.
The trick is to stick with it, because youll make more money over time with compound interest.
This way, the more you add, even if its small, the bigger your capital.
In addition, starting small allows you to learn without much trouble.
Whats The Best Way To Manage Student Loans and Debt?
Gen Zers want to know the best ways to manage these debts.
Financial advisors often say that if you have high-interest debt, it should probably be your top priority.
Should I Prioritize Saving or Paying Off Debt?
This is a classic question, Carpenter said, and one the answer is not one-size-fits-all.
This is a difficult situation and depends a lot on your personal side, Carpenter said.
But if not, you might be better off doing a bit of both.
How Can I Build a Good Credit Score?
Consultants always recommend starting early with something as simple as a credit card, but use it sparingly.
Pay regularly and keep an eye on your account to see whats helping or hurting.
What Should I Know About Taxes and Investments?
Taxes can be a real headache, but getting it right can save you money, Carpenter said.
When Should I Start Saving for Retirement?
Gen Z wants to know when they should start saving for retirement.
The answer is simple, but not necessarily easy to follow.
Should I Avoid Credit Cards?
Gen Z wonders: Should credit cards be avoided?
How Much Money Should I Have in Savings?
The answer to this question depends on specifics, said Mark Henry, founder and CEO atAlloy Wealth Management.
If youre asking about a regular savings account, the answer is roughly 3 to 6 months of expenses.
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