The money advice every millennial needs to hear | CNBC Make It

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  • Published on:  Wednesday, April 24, 2019
  • CNBC Make It took to the streets to find out millennials' biggest money questions before presenting them to the experts.


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  • Source:


  • hitardo


     6 hours ago

    Many millennials, right now, do not have children.

    So, when you do not have children, you should save - at least - 30-50% of your income.
    30% if you are alone.
    50% if you are living with another person.

    This is because of two important things:
    1) You will not encounter a better stage on your life to save (except the retirement, when you should be spending it), because moving forward you will face more obligations: buying children things, buying a house, buying a bigger car, school, fund for college, etc...
    2) The pre-children era is usually the era when people spend more without thinking.

    So, if you save more now, you will avoid number (2), and prepare yourself better for number (1).

    Of course, the percentage I gave is not feasible for every person. I have an European vision of things.
    But do not forget: saving for tomorrow is always important for your independence, freedom in future decisions, and even your confidence.
    Spend as much as you need to fulfil your happiness, but save to guarantee you future.

    Never forget:

    The older generation wants you to spend, mainly because they profit from it.

  • Swapnil Pandey

    Swapnil Pandey

     yesterday +2

    2:06 - 48 afe you kidding me? She looks so young

  • faggy maxwell

    faggy maxwell

     3 months ago

    Financial advice to millennials: ur fawkt. Start side hustles that may even be considered illegal. It's ur only chance. #CrimePays

  • Mandla Mehlomakulu

    Mandla Mehlomakulu

     3 months ago

    A nugget at 2:30. He says max out the tax breaks. Interesting.

  • Aliyah Carter

    Aliyah Carter

     4 months ago

    Love how the business world is just getting hip to millennial problems when they are beginning to rebound and generation z’ers are the ones moving into the job market now

  • Satendra Yadav

    Satendra Yadav

     4 months ago

    I am 37 now, one piece of word which I feel is correct here is, invest early and diversify your investment..I bought my first house at 22, and having a portfolio of 6 real estate under my belt apart from investments across different financial instruments ranging from stocks, bonds, bank deposits, mutual funds, rental incomes..but the one that gave me best return is real estate over 15 year period..real estate test your patience but certainly give you best returns in long run..

  • RedEyeJedi


     4 months ago

    I think we all know where and when to invest.

  • C. Lincoln

    C. Lincoln

     4 months ago

    32, no savings, no house, no car, no family, 1 bedroom flat in a little shitty town.... ahhh life is good as a millennial :D

  • vegan til I die

    vegan til I die

     4 months ago

    I'd advise going to the 3rd world where you don't need much money to get by, and people are REAL!😊

  • Ty Vann

    Ty Vann

     4 months ago +1

    Buy louis vutton

  • Anthony


     4 months ago +1

    Rule 1 go to college
    Rule 2 graduate

  • Mr Lad

    Mr Lad

     4 months ago

    I hope u(host) start spending money on some food 🙄

  • shamanahaboolist


     4 months ago +1

    You want to get Corbyn in power so the big greedy bankers and executives have their power removed from them so they stop gobbling up all the income.

  • Decio Martins

    Decio Martins

     4 months ago

    She is a keeper

  • Rilver


     4 months ago +5

    Only invest in something you understand, you love and you can influence.

    Don't focus too much on saving money, focus on making more money and adding value to the marketplace.

    Saving should be handled with a consistent 10 to 20 percent of your income then once you've set aside 4 months of emergency fund any money passing that allow yourself to invest.

    Buying a home is not an investment, I get it people will be sentimental about this one but don't make an emotional decision like the rest of the world and buy a house you think you can afford. Instead buy a rental property (an actual asset instead of a liability) rent it out and use the profits to pay for your house.

    The best investment you can make is investing in yourself. Teaching yourself about money and how it works has the highest rate of return versus something like real estate or stocks.

    Learn how to make money work for you instead of working for money.

    Time does not equal money. Yes read it again time does not equal money. Money equals more money when you add value to the marketplace.

  • Aurobindo Ghosh

    Aurobindo Ghosh

     4 months ago +1

    why don't they give us all the money hidden away by rich people?

  • Rilver


     4 months ago

    Lol this was terrible advice.

  • satchell78


     4 months ago

    2:17 my golden rule

  • Zero11


     4 months ago +2

    None of this matters unless i can get a job that pays more than the minimum wage tbh

  • Paper Book

    Paper Book

     4 months ago +15

    By far the worst advice I heard on finance 2:21