Eight common misconceptions about money, and what's actually true.
AHV is financed on a pay-as-you-go basis and gets adjusted politically (e.g. retirement age, contributions), it doesn't "run empty" like an account. Still, on its own it rarely replaces your previous standard of living, which is why the 2nd and 3rd pillars are needed as well.
A broadly diversified ETF like the S&P 500 or MSCI World tracks the whole market and spreads risk across hundreds to thousands of companies. Short-term trading of individual stocks is the opposite of that, considerably riskier.
The low monthly instalment looks attractive, but calculated over the full term (incl. deposit, comprehensive insurance, mileage limits) the total cost is usually higher than buying, and at the end you still don't own the car.
Even with a small income you're generally liable to tax and have to file your own tax return once you're an adult or have your own income.
Many small policies (phone, travel subscription) often cost more over the years than they pay out in a claim. What's worthwhile above all is insurance against damage you couldn't cover yourself.
Because of inflation, money in a savings account loses real purchasing power. For long-term goals (10+ years), broadly diversified stocks/ETFs are historically clearly superior.
The early years are exactly the most valuable ones because of compound interest, someone who starts 10 years earlier often needs only a fraction of the monthly contribution for the same result.
If you rarely go to the doctor and have the financial reserve, a higher franchise often saves you money over the year, because the monthly premium drops noticeably.