401(k) Explained with a Fun Banana Analogy 🍌

This video is about Monkeys investing in Bananas. PLEASE speak to an actual finance professional instead of an ape in a 3 piece suit before you invest. Inspired by the amazing Primate Economics ---- TIMESTAMPS: 0:00 - Intro 0:28 - What is a 401k? 1:36 - The 401k Advantage 2:22 - How to use a 401k? 3:54 - Why use a 401k? 5:05 - 401k Tax Benefits Explained 6:58 - Cons of a 401k 8:21- 401k Summary ---- Music Used in Order of Appearance: https://youtube.com/playlist?list=PLZtf7P4BcpT5iUOIJR625MMVqW_QfytT8&feature=shared ---- I just wanted to be clear about how I create my videos. I put a lot of effort into producing high-quality content, and I get a little help from AI to make things smoother. We're a small team and that's where AI comes in to help. For example, all of the visuals you see are hand-drawn. AI helps me mainly for voiceovers. English isn't my best language I have had negative experiences being bullied in the past for my Singaporean accent. This has made it difficult for me to express myself, but nevertheless, I’ve made sure to pick the most human-sounding option so it doesn’t distract you from the value of the simple, no bullshit explainers in my videos. At the end of the day, the heart of every video from writing, ideas, editing, and overall creativity, is 100% me. AI is just a tool I use to bring you the best content I can. Thanks for supporting my work! ---- 401k, retirement, retirement planning, investing, personal finance, financial planning, 401k tips, 401k explained, retirement savings, 401k basics, 401k contributions, 401k matching, 401k rollover, 401k withdrawal, 401k advice, saving for retirement, financial literacy, money management, investment strategies, tax benefits, employer benefits, retirement account, 401k vs IRA, compound interest, financial goals if u r reading this type "bababoey"