As millennials, you are infamous for your experiential spending and are often stereotyped as entitled and unprepared for the real world. In reality, you are the most educated lot with at least a bachelor's degree. You have good paying jobs, are focussed and very ambitious about building your wealth fast, retiring early or doing something where your heart truly lies. However, the high cost of education, housing, and health and just living in general along with easily available credit has put the finances of many millennials in a jeopardy. In spite of this, you want to experience everything that you can such as travel, concerts, etc. And, this is not all that you need, you also strive for financial security and comfort by building assets eventually. All of this and much more is possible if you start investing TODAY.
You may think that you don’t have any savings to start investing and you must wait to build a corpus. This attitude of waiting to create base wealth to invest will make you miss your chance of wealth creation. Don’t wait for too much to realize that if you would have started investing earlier you would have been a wealthier person today. Don’t let this be a regret but make it a reality. Start today. Do not wait to invest, invest and wait.
Address the following questions:
Is it too early to start investing?
When should I exactly start managing my money?
I don’t have any savings, what is the point of knowing about investments?
Should I keep renting or own a house one day?
How should I get rid of my credit card debt?
Should I take a personal loan to travel?
Where should I invest to achieve short term goals?