What are the Best Investment Options for Millenials?

According to a meme: “What do you miss about being a kid? It’s “NOT PAYING THE BILLS”!

Absolutely 100% correct! When we were kids, we do not care how much is our household electricity and water bills, we do not have credit cards, we do not buy groceries using our own money, and we do not do budgeting! In other words, we just live with the flow, play with friends, go to school and study, and make sure we are not naughty so our parents will not scold us! Imagine how simple our life was!… and that was years and years ago, maybe a decade or more ago. But here we are, we are facing the worldwide phenomenon where nobody can escape.. and surprise! It’s called ADULTING!

While we were still studying, we were in a rush to wear that toga and leave our university. We are eager to be working individuals and face the world with open arms! However, little did we realize that this whole new world that we are entering in is so complicated, so much that we wanted to get back to that little kids we were been and just be like that, enjoying the world on what we perceived it to be…forever.

MILLENIALS

According to PEW RESEARCH CENTER, Millenials are those born between 1981 to 1996 or you are now 22-37 years of age. Are you within that range?

WHAT ARE THE BEST INVESTMENTS FOR MILLENIALS

 

 

Nope, it’s not the expensive branded shoes nor that high-end gadgets you buy every payday. And definitely not the feelings towards your crush.

So what are they, then?

List as follows:

 

1. INVEST IN YOURSELF

Take time to hasten your skills. In what activity/sport/thing are you strong at? Look at your strength and develop that. If you have a degree you wanted to pursue a long time ago, try it. If you wanted to take up higher education, go for it. Do you wanted to read books or novels? Do it. Having this in mind will give you competitive advantage in the professional world. Learning should never stop in school. If you have spare time, do something that will help you develop your skills and knowledge.

 

2. GET LIFE INSURANCE

“Ahhh, life insurance?.. bata pa ako (shrugs)”
I get that answer A LOT.. from Millenials. How young can you be to be ignoring life insurance? We are mortals, in a snap of a finger, we may be leaving this world, leaving our family hopeless.. and penniless..especially if you are the breadwinner of the family.

WHAT IS LIFE INSURANCE?

The LIFE INSURANCE answers the questions 1.) WHAT IF I DIE TOO YOUNG? and 2.) WHAT IF I DIE TOO SOON? If a person dies at an early age, the family could get something which will compensate the financial loss. If a person dies too soon, life insurance could serve as the blanket for the golden years as the money invested could be used for retirement.

See? You do not need to die in order for your family to benefit from it. Very contradicting from what others perceived it to be.

You can start with Php 1,500 a month or lesser. Talk to a licensed Financial Advisor to discuss what you need. Wag matakot sa kanila. 🙂

WHAT IS THE BEST LIFE INSURANCE PRODUCT FOR YOU

Minimum Investment? Php 1,500 or depending on your coverage and product availed

3. INVEST IN MUTUAL FUND


Did you know that you can invest in Mutual Fund in as little as Php 500? YES, you read it right!
The investment companies here in the Philippines, to pursue Filipinos to save, has decreased the initial investment to this amount. So there is no excuse! It’s cheaper than your iPhone Plan! Hehe

WHAT IS MUTUAL FUND?

WHICH TYPE OF MUTUAL FUND SUITS YOU

Minimum Investment? Php 500.

4. INVEST IN STOCKS


Investing in stocks may be a little overwhelming for starters. If you are the type of person who is interested in managing your own investment, open a stock investment. However, you do not need to know the technical aspect of it. Just start with few steps and you’ll get ahead of the game.

 

5. START A BUSINESS


It is a leap of faith to be starting a business. People will invest time, money, and effort to be managing it. But who knows, you might be the next Lucio Tan or Henry Sy!
Turn your hobby into money. There are businesses which can be started in as little as Php 5,000. Or you can apply for a franchise. Or you may file for a bank loan to start a business.

 

FINAL THOUGHTS

Adulting is HARD, right? But nobody said it was easy. You are already there, there is no turning back.
If you think investing is expensive, try getting broke in the future. You do not want it, do you?

Take note, time is gold. The earlier you start investing, the higher is the possible gain in the future.
It is not our fault if we were born poor, but it is our fault if we die broke.

 

 

 

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