5 money mistakes millennials make, according to CFP - Business Insider

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Most millennials don't have life insurance, even though it's cheap for young, healthy people

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Many aren't saving enough for retirement — or saving anything at all — and missing out on employer-sponsored 401 plans and matches., even though term insurance costs about $20 to $30 a month for a young, healthy individual. When it comes to managing money, there isn't one right way that works for everyone. As a financial planner, I know first-hand how personal your personal finances can be.

 

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Millennials, and especially millennial business owners, also don't focus on cybersecurity. It's not always at the top of the list of things to do...but it should be in the top 5. To better protect your business from cyber threat feel free to contact us for a free 30-min consult

Why in the world would I get life insurance? I have no dependents. The money I do have can cover any costs my family would have to handle my death.

Most millennials don’t trust financial institutions and purchase car/renters insurance online directly. Maybe there should be a more millennial focused life insurance product?

Should we take this more seriously? Any thoughts guys? karinaoctavina agustiantrg

Most of them don't have Wills either - such a damn shame!

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