Investment is an activity of investing capital in a company or an asset with a high value that aims to get multiple benefits in the future. However, investment activities are often associated with people with high incomes only. But thanks to increasingly rapid technological advances, millennial generation can already make investments early on. Millennials who are interested in investing also no longer need to spend enormous capital. But in reality, there are still many millennials who are not yet familiar with investing. The costs are spent on hangouts, watching, shopping, the internet and traveling. Investing in millennials can produce financial freedom that can later be enjoyed, both now and in the future.
Then, how can millennials start investing in the right way so they can achieve their respective financial freedom? If you are not familiar with investing or are still in doubt, you can start by saving first. By saving consistently, you will grow a habitual behavior of setting aside a portion of your income to be saved. Well, from there you can again decide, which is the right instrument to achieve your financial freedom.
If you are used to saving before, try to prepare your long-term needs by investing. Ideally, the saving will only keep the nominal money, but your money will not be able to grow. Therefore, you should use savings funds only for short-term needs, such as vehicle repair costs, home renovations, and others. However, if you have long-term needs, such as a pension fund, or just want to increase your multiple of money, it’s good to invest. For investment, the budget is smaller, but while you are still young, you still have a long period for the future. So you have a long period to invest. This way the return you will get is also getting higher, as long as you do it consistently.