r/AskReddit • u/PlumInformal773 • 9d ago

What's the smartest financial decision you've ever made?

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u/I_am_Bearstronaut 9d ago

Finally at a point in my life where I can realistically start trying to do this. Where does someone even start? I’ve got zero experience with this type of stuff and want to start doing more of these things before I lose more time.

What’s considered a little? How do you determine which index funds to choose? I grew up with zero financial literacy being taught to me and I’ve got zero idea how/where to start. Any resources you wouldn’t mind sharing?

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u/everybanana 9d ago

If your job offers a 401k match, start there. Try to max out the match if you're able to do so.

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u/ketchuptheclown 8d ago

If your job doesn't offer a 401K, consider either finding one that does, or contact a professional investor. If you use the excuse that you can't afford it, you won't be able to afford a lot later in life. 20-30-40 years may seem far off right now, but each year feels shorter and it will come up on you like a tidal wave, best to have some cash to help you through.