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The best paying job a 20 year old can get might be in construction or the military, but this may limit your upside down the road. From a purely financial persp
by randomdata 14y ago
The best paying job a 20 year old can get might be in construction or the military, but this may limit your upside down the road.
From a purely financial perspective, money now is better than money later though. A 20 year old who secures a job that nets him enough to save $15,000 per year until retirement will ultimately have a lifetime net savings of about the same as someone who finally finds a job that pays enough to save $50,000 per year at the age of 40.
- hudibras 14y agoAnd as for the military, cashing out at twenty years of service with a $47,000 annual pension (starting immediately and inflation-adjusted over time) plus the G.I. Bill is not a bad deal at all. The downside is that you have to be in the military for 20 years.