Aditya Birla Sun Life Mutual Fund

InvestorsHangout

Episode 100: An investment plan for millennials

Often, young adults spend the salary that they earn in their formative years on things that they might not need. But it is essential for them to understand the importance of financial planning. A first pay cheque opens the door to a whole new life for most young adults. Some travel, others buy expensive gadgets, and still others get their fill of trending cuisine. In this phase of life, we hardly stop to worry about investing, as we feel we have more than enough time to earn and save for retirement and other goals. If this sounds familiar, then you absolutely must begin planning your investments! A clear roadmap can work wonders for your future wealth, and may even help you retire early! But ignoring investing could be your biggest mistake. We discuss this and provide a financial roadmap for young adults in the first session of our three-part series on financial independence. While the future might be years away, it is crucial for young adults to look at investment plans for millennials from an early age. This is because it will give them sufficient time to enable their investments to grow exponentially. But a lot of young adults might have questions, such as- • When to start an investment plan? • How to plan finances for retirement? • What are more important-savings or investments? • What are the investment options? • Is investing in insurance important? If you want to get a guide to millennial investing, then watch this episode. In this InvestorsHangout episode, our experts will discuss a few financial planning tips for millennials and answer some of the most important questions about investment planning for young adults.

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