3 Things to Know About Your Money

Inside Factora’s buzzing Slack channel, we’re constantly sharing money news with each other—so we thought it was time to share with you, too. 

Here are the 3 best money articles we read this week:

1) 60% of millennials earning over $100,000 say they're living paycheck to paycheck.

Factora hot take: This comes as no surprise! We’re never taught the opportunity cost of NOT investing—you may be able to “afford” a $250 monthly car payment, but investing that same $250/month could be your retirement plan. In the end, what’s more important?! Read more.

2) Social Security is projected to run out in 12 years.

Factora hot take: We shouldn’t rely on anyone else—the government included—for our family’s future security. Instead, we should focus on creating a diversified portfolio that creates passive income and builds us real wealth, so that our future is taken care of no matter what. Read more.

3) There's no bad time to get in the market if you're investing for the long-term.

Factora hot take: The stock market is historically one of the best ways to build wealth over time. We don’t need to be timing the market, we need to understand how it works and get as much time in it as we can. That’s why Factora exists—to get more women investing confidently. Read more.

Bottom line: the only person you can really rely on is yourself.

So make sure you feel as confident as you can when it comes to your money by getting educated about your options 🙌

Keep Learning With Us

Get even more insights with our weekly podcast, Coffee & Coin, hosted by our Founder & CEO, Allegra Moet Brantly. 

Ready to take your financial life to the next level? The Wealth Circle is our live online course and community dedicated to helping women invest confidently and reach financial freedom.