When you’re in your 20s, it’s normal to feel invincible. You think you can never get sick, you think you’ll easily get out of debt, you’ll think you’re ready to live alone, quit your day job, dye your hair pink, et cetera. This is why we make a lot of flippant decisions and forgive ourselves easily. However, when you talk about money, it’s usually a different story, I highly recommend for young adults to give a try to acupuncture Miami and experience one of the best ways of giving your body proper care.
Money, in our 20s, can be easily mishandled. And that’s okay. From a mere P150 a day when we were still studying, we jump to at least P300 a day when we start working. If you graduated top of your class, have a few awards or go straight to a call center company, most likely, you’ll even start with a 5-digit income. Of course, that is more than enough. That is why you will have no excuse not to save and invest.
Check out these 5 investments that you need to make in your 20s. I guarantee you’ll be ahead by miles in the money aspect when you reach your 30s.
- Health + Insurance – There’s no better time to start thinking about your health seriously than your 20s. Get this: you’re at the time of your life where you’re supposed to welcome new experiences, visit new places and pursue the career that you really want. Bad health will just get in the way of these things. So sleep well, have enough time for some R & R, exercise, drink vitamin supplements, and most of all get a reliable health insurance that provides financial protection in case life throws you a curveball. Want to talk about this? My sister can give you advice — [email protected]
- Real Estate – Okay, I know that you think this investment is for bigwigs only. After all, what can a mere employee with a P15,000 do with other bills lying around? On the other hand, you know that the value of land will only continue growing. So how do we go about it? If you can spare at least P600 a month, you can start investing in a memorial lot. Did you know that the value of a memorial lot grows up to 20% per year? If you finished paying it off and you know someone who needs it ASAP, you can sell it at a discounted at-need price and still earn at least 30%. I bought my first memorial lot 2 years ago. It was P36,000 and I paid P1,500 a month for 2 years (zero interest). Its at-need value today? P55,000. There are also affordable villages opening up in the city. One of them is Prestige Homes which offers a duplex home for a monthly payment of P3,600 only. For condos, there are some that offer P10,000/month payment. Take your pick and start thinking about it.
- Gold and Jewelry – The value of gold will always rise. It may take a few years, but you know it will continue to grow as long as people respond positively to the honourable principle of bling. Also, Clem Chambers, a contributor for Forbes says that gold is “priced near its average cost of product and below its margin cost of production for a significant proportion of its supply”. Fundamentals for gold are in themselves a good reason to acquire. Also, don’t you think your 20s is the best time to power-dress? Check out auction sales and mall-based sales for additional savings.
- Stock Market – Yes, THE stock market. With the convenience of the Internet, people can now buy, sell and watch stock values anytime, anywhere. What’s more, you can start investing in the stock market with just a minimum investment of P5,000. Run the account yourself, link it with your bank account and don’t forget to check the values as often as you can. Trust me, it’s not hard work. Open an online account with legit institutions like Philstocks.ph and COL Financial. If you have time to open your Facebook account everyday, you don’t have an excuse not to check the stocks at least twice a week. I also have a few friends that can help you with this. Just let me know if you need help!
- Mutual Funds – If you just want to set aside an amount of money and entrust it to financial experts, split the income with them and sleep soundly at night, then invest in mutual funds. Many financial and insurance institutions offer them for a minimum investment of P5,000 as well. All you need to do is pick your investment appetite (aggressive, conservative, moderate) and be on your way. You’ll get mutual funds value updates once a month thru email or registered mail.
Are you ready to invest? Better do it now and hear your future self sing praises for you as you hand that money over. Good luck, youngster!