Want to Invest Easily and Quickly? The Importance of Investing For Millennials!

Want to Invest Easily and Quickly? The Importance of Investing For Millennials!

Swan Pedia - Finance is one of the most important things in life, good financial planning will certainly have a good impact on the future. And in this day and age, investment is no longer a strange thing that sounds to our ears, young people.

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Why is it important for millennials to prepare careful financial planning for both short and long-term targets? Here's an example, such as short-term targets, for example, for traveling purposes, buying desired items, or getting married. As for long-term targets, such as buying a dream house, children's education fund, health fund, or pension fund. If we look at it, it turns out that finances are very important to fulfill our daily lives. Again, have you ever thought about investing? Then know clearly about the investment, its benefits, and its advantages. Here we describe it for you.

Investment is an activity of investing in a company or asset and you will get a reward hoping the value of an asset will increase over time and have benefits in the future.

Benefits of an investment

1. Increase Assets Owned and Personal Wealth

If you make an investment, the assets here are not always in the form of property, because the money you save as initial funds is counted as an asset.

The assets that you have deposited as investments will certainly become more and more profitable over time. As your assets grow, your wealth will also grow. For millennials, start investing, you don't need much, just by gradually multiplying your wealth.

2. Financial freedom

Investing early is beneficial to achieving financial freedom. Financial freedom means that you no longer have to work hard to earn money because you already have enough assets and savings to support you. Even with investment, you will receive passive income periodically without working again. Unfortunately, millennials spend money not thinking about life in the future.

3. To better prepare yourself for a bright future

. Investing early and enjoying the benefits in the future to live comfortably in the future is very enjoyable. In this productive age, you can collect money and then set it aside to invest. Even though this investment can be an income or other source of income besides your main income. You can allocate this income specifically for future preparation. If you are serious about investing from now on, you can be sure that you will live in peace because with this sufficient money, you will be able to realize all the things you dream of.

4. Financial Management Exercises

Helping you in managing your financial condition. You will limit your spending each month, and allocate some of it to investment funds. You will learn how to manage money well. Then, you also unconsciously learn to be more careful in financial spending about what is more important, and which is not too prioritized

5. Helping Countries Avoid Inflation.

By investing, you protect your assets so that their value is not eroded by inflation. So, invest in stocks to increase the security and prosperity of your financial condition.

As a millennial generation, you make this investment for yourself, not for others. So, don't invest just because you want to follow trends in society. In investing, you must always be careful so that you avoid losses and the results of this investment will be profitable in the future.

5 types of investment suitable for millennials

1. Gold

Gold is an easy investment that you can make because gold invests in various types such as gold bars or gold jewelry. Gold investment can also be adjusted to your budget, you can resell gold when there is a sudden financial need that you need or save it when the price goes up you can use it by selling.

2. Mutual Funds

Mutual Funds, which are easy and light investments, are now available with a relatively cheap minimum purchase so they can be affordable for young people. Mutual fund investments have a short period of time and relatively small risk. This can be an alternative investment option for young people.

3.  The Deposits

The next investment deposits and those offered usually start from Rp. 1.000.000,- can be reached by young people. Deposits must be considered because the results obtained are usually around 7 – 8% of the investment value. The figure is much higher than bank interest if you only save in the bank. The time period also has various options ranging from 1 month, 3 months or 1 year, depending on your financial condition.

4. Insurance

Namely investing and getting life protection services, you can consider for 1 purpose, but you will have 2 very good benefits, right? In terms of investment funds, don't worry because this investment in youth is also quite useful, apart from the protection benefits, the premium costs are still relatively cheap and affordable when compared to the premium costs in their 40s – 60s.

Then from the explanation above, when will you start investing for a peaceful life in your old age.