Financial Future
Finance Lifestyle

Where Millennials Should Be Investing Their Money In

Millennials, generation x, baby boomers, are all names given to a particular generation. But what is in a name? In the case of the millennials, unfortunately, it connotes a certain kind of negativity. Nowhere else in a generation has a sense of entitlement so strong than in the millennials, and it puts them in a bad light.

It is not only their strong sense of entitlement that puts millennials down but rather those people that are so good at stereotyping. The truth is, it doesn’t matter what generation you are from, it isn’t even part of the equation of life. Job hopping, expecting rewards for something that are supposed to be done in the first place, and always wanting special privileges are just among the many negative traits associated with being a millennial.

Truth be told the only thing that really matters is when you were born and what age bracket you belong to at the moment because then you will know what to focus on, such as planning for the future, which includes, getting married, investing money or even death. Here are some of the best ways to invest your money as a millennial:

Stock market

Since retirement is something a lot of Filipinos don’t plan for, millennials should be wiser in finding viable options where they could invest their money in. For instance, stock market yields the highest returns over time, but not everyone can afford to keep their money untouched for a long period of time. The stock market is not for everyone because it can be complex and intimidating, but luckily, there are detailed guides that discuss how you can get started with it. 

Have your own business

Because we’re living in a digital world, there’s no better time to have your own business than now. There are literally hundreds of products to sell online and you can get started with even just a small capital of Php 5000. Millennials are known for their creativity and those that are up for the challenge of finding business ideas that solve people’s pain points are likely to succeed.

Real estate investment

You may know people who are renting their condos or houses via Airbnb, but what if you want to do something similar but you don’t have a lot of money to invest at the moment? There’s a lesser-known form of real estate investment and it has something to do with memorial lots. Buying a memorial lot not only provides security to the family but it is also very practical considering that its value appreciates over time. You can look for a memorial lot for sale, purchase it and you just basically let it sit there until it’s value double or even triple. 

Forest Lake

Finances are one major worry when facing death, so an investment in memorial lots would mean that if anyone in the family suddenly passes away, you are not going to be stressed out and forced to find a way to pay for the memorial costs. Losing a loved one is difficult enough without having to deal with the additional burden of money problems associated with the event. A funeral is an expensive undertaking costing upwards of thousands of pesos.

Panning for the inevitable is an important aspect of everyone’s lives but is often overlooked. The very nature of not knowing when and the uncertainty of it happening makes it seem not necessary. Mostly it is rooted in fear of facing one’s own mortality when in actuality it is simply being prepared for what is sure to come.

Looking at the situation objectively will let the hesitant part of you be overcome by practicality. Planning ahead will ease the financial burden your loved ones will have to suffer when it is your time. The very uncertain nature of when it will be happening just puts the exclamation point to the urgency of the whole thing.

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