Personal Finance 101: What You Need to Know in Your 20's and Beyond

In today's episode, Matt brings on his intern Matt Reynolds (another Matt!) to ask him a series of questions about personal finance and investing. Emergency funds, IRA's, 401(k), index funds and much more -- Matt gives a crash course in all the major concepts and investment vehicles you need to know to get started on the right foot in your financial life.   As Matt emphasizes, it's not about getting everything right or saving a bunch of money right off the bat. It's about building good habits, getting in the habit of putting money away for the future while you're young so that it becomes second nature as you get older and life gets more complex.   Follow Matt Murphy  Web: https://www.benetaswealth.com Newsletter: http://eepurl.com/jb7SNc LinkedIn: https://www.linkedin.com/in/mattmurphycfp   Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser. Investments are subject to risk, including the loss of principal. Some investments are not suitable for all investors, and there is no guarantee that any investing goal will be met. Past performance is no guarantee of future results. Talk to your financial advisor before making any investing decisions. Case studies and examples throughout are hypothetical and for illustrative purposes only. No specific investments were used. Actual results will vary. Compound illustrations are not predictions of investment performance, and investment principal and interest are not guaranteed and are subject to market fluctuation. Exchange-traded funds (ETFs) are subject to market volatility, including the risks of their underlying investments. They are not individually redeemable from the fund and are bought and sold at the current market price, which may be above or below their net asset value. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency; although the fund seeks to preserve the value of the investment at $1 per share, it is possible to lose money. Nonbank deposit investments are not FDIC- or NCUA-insured, are not guaranteed by the bank/financial institution, and are subject to risk, including loss of principal invested. This material is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Commonwealth Financial Network® does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation.