Investing for Millennials
Though millennials face the saving hurdles of older generations, like paying down debt and the rising cost of living but they have a big advantage: TIME. So harness the power of time and Start Early. Don’t let debt or the desire to keep up with your friends’ lifestyle hold you back from your dreams. If you start your wealth-building plan now, it takes a lot less effort than you think.
The best part about starting early is that you have wiggle room in your budget to reach other goals. You could save for a new house or take that dream vacation. You could go out with your friends without feeling guilty! Can you imagine what that kind of freedom would feel like?
Remember, your financial attitude, spending habits and savings discipline will define how rich you can be.
Food for Thought;
A 30 year old SPENT $1.80 a day on small coffee till age 65;
- = $12.60 in 1 week
- = $657.00 in 1 year
- = $22,995 in 35 years
A 30 year old SAVED $1.80 a day till age 65;
- = $48,389.51 @ 4% per annum
- = $59,340.44 @ 5% per annum
- = $73,212.65 @ 6% per annum
Financial Independence, Retire Early
Your situation is unique, and your investing portfolio deserves a personalized approach. We can help you:
- Learn about savings and investments so you feel empowered to make decisions.
- Maximize your investment growth while taking your risk tolerance into account.
- Invest in tax-efficient vehicles
- Implement various saving and investment strategies to achieve your long-term and short-term goals.
Call Sagun Goel @ 416-270-1234 with confidence, if you have any specific questions about your Investment, Saving or Retirement planning needs. You shall always expect an unbiased, sincere and professional advice.