Personal Finance Curriculum
Week 1: all about 401k
ICYMI, we are doing a fun personal finance course together on my Instagram! This course helps internationals in the US learn about taxes, investments, credit, and insurance. I post a reel every week, and curate a few articles and tasks for you, so we can be financially literate and sorted in 3 months.
First of all, I’m proud of you for taking this step. If you’re here, you already know personal finance is not about money; it’s about empowerment, freedom, and peace of mind.
Let’s dive into this week’s readings:
Let’s start with building a solid foundation- understand what a 401k is. This article has the perfect amount of depth for our purposes-
https://www.fidelity.com/learning-center/smart-money/what-is-a-401k
Traditional vs Roth can be a bit confusing if you are a newbie to taxes. This article is very detailed, and contains examples too-
https://www.fidelity.com/viewpoints/retirement/spender-or-saver
I love reading other people’s questions about topics I am new to. Here is a Reddit thread that discusses our topic. Always take these opinions with a full tablespoon of salt!
https://www.reddit.com/r/personalfinance/comments/mkt08c/401k_for_dummies/
We are starting slow, so no homework this week! Am I the kindest teacher or what?
See you next week!