+91 888 480 0789
info@FundsTiger.com
Partners Login/Register
Login/Register
Facebook
Twitter
LinkedIn
YouTube
Instagram
Pinterest
FundsTiger - Fast Loans for IndiaFundsTiger - Fast Loans for India
  • BUSINESS
    • Apply Business Loan
    • How it Works – Business Loans
    • Eligibility and Docs for Business Loans
    • Loan Types
    • FAQs for Business Loans
  • PERSONAL
    • Apply Personal Loan
    • How it Works – Personal Loans
    • Eligibility and Docs for Personal Loans
    • Loan Types
    • FAQs for Personal Loans
    • Champion Registration
    • Credit Score Booster Consulting
    • Loan Balance Transfer Counselling
    • Financial Health Checkup and Booster
  • HOME
    • Apply Home Loan
    • Home Loan Guide
    • Eligibility and Docs for Home Loans
    • Loan Types
    • FAQs for Home Loans
    • Pradhan Mantri Awas Yojana (PMAY)
    • FAQs on PMAY
  • KNOWLEDGE CENTER
    • Calculators
    • Credit & Cibil Score

For security reasons, your session has been timed out. To continue, Please login.

Millennials Investing Trends

August 16, 2019Finance Advice, Money LessonsSuganya Arumugam

A large proportion of millennials entered the job market at a time when financial markets were extremely volatile. Not surprisingly, many studies across the globe find that the generation has grown wary of stock markets. In India, too, millennials appear to be wary of the stock markets.

It is said that we first make our habits, and then our habits make us. Save more, spend less and avoid unnecessary debt are a few good habits that can ensure a financially comfortable life. However, people, including those who are financially literate, also pick up bad habits that ultimately disrupt their finances.

If you are in your 30s, the following habits will help you create wealth. If you adopt smart investing habits, you could be on your way to financial freedom. Here is a small compendium of habits to make you successful as well as assist you in achieving your life goals.

1. Create Life Goals

Many people are ignorant about what they actually want. Life throws various choices that can be confusing, this results in bad decisions. It is important to identify your goals, whether small or big. When you set goals, you can plan to achieve the goal, and if you plan, you can set deadlines. It’s simple. One thing leads to another. Goals help you to have a clear vision and set up the road-map to achieve them.

2. Plan

You are likely to achieve your goals if you maintain a to-do list. If a thought comes out of blue, note it down. It will provide you an opportunity to reflect on your goals, and also help to set a concrete road-map in action.

3. Automate Investments

Many self-made millionaires vouch when it comes to automating their finances. This simple habit helped them to achieve financial freedom earlier than anticipated. You should automate your investments by ensuring automatic SIP in different funds. It saves you time and energy. You don’t have to look at your portfolio every month. This also shields you from worrying about short-term underperformance.

4. Pay Off Your Debt

Debt is good, but only if it is a debt fund. Debt is your biggest enemy, it eats your income. As you grow older, it becomes difficult to earn money. The 30s is the golden period to make money.

If you have a mortgage, you must make it a priority to pay it before the age of 45. If you pay off your debts, you can save big money that goes to pay high interest.

If you embrace the above habits now, you are on your way to financial freedom sooner than you think.

5. Invest

The amount of savings and investments determines your tomorrow. On average, a millionaire invests 25% of his income each year. This helps them to create multiple streams of income over a period of time. Remember, your wealth is not measured by the amount of money you make, but by how much money you have saved and invested over the period of years.

How millennials in India invest their Money?

Millennials refer to those who attained adulthood in the early 21st century and grew up just when the world became more digitally connected. Among older millennials, 48% invested in equities, while among younger millennials, the figure was 4%, data shows. A higher share of the older generation (54%) made equity investments of some kind.

The data shows that there is no stark gender difference among working millennials when it comes to investments. However, the share of millennial men investing in equities is a bit higher, compared with that of millennial women.

Compared to their older generations, millennials are less likely to invest in each of the financial instruments for which data was collected. However, the difference between older millennials and younger millennials seems sharper than the difference between older millennials and Gen X.

The tendency of millennials to consume more and save less may also explain why millennials tend to invest in lower numbers compared with older cohorts. Nonetheless, income differences could be a bigger explanatory factor.

FundsTiger is an Online Lending Marketplace where you can search for and avail Fast and Easy loans from almost all the leading Banks and NBFCs. You can Apply for Loans with Best possible Rates of Interest and terms for Personal Loan, Business Loan , Home Loan and Car Refinance Loan.

8 Best Investment options in India
7 Fixed Deposit (FD) Investment Tips
Systematic Investment Plan (SIP)
Top 7 Investment mistakes you must avoid
Top 5 Investment Lessons for 2019
Previous post Income Tax Slab 2019 Next post Loan Against Shares (LAS)




Recent Posts

  • How to claim HRA in Tax Return?
  • 5 Best Banks for Education Loan in India 2021
  • How to Handle Income Tax Notices?
  • MSME Global Mart
  • 5 Best Share Market Sites for Analysis
  • Personal Loans
    • Apply Personal Loan
    • How it Works
    • Eligibiity and Docs Required
    • Types of Personal Loans
    • FAQs
  • Home Loans
    • Apply Home Loan
    • Eligibiity and Docs Required
    • Home Loan Guide
    • Types of Home Loan
    • FAQs
  • DigiLocker
  • Income Tax
    • ITR Forms
    • IT Returns
  • Credit Cards
  • Interest Rates
    • Personal Loan Rates
    • Business Loan Rates
    • Home Loan Rates
    • Fixed Deposit Interest Rates
  • Lowest Interest Rates
    • Lowest Personal Loan Rates
    • Lowest Business Loan Rates
    • Lowest Home Loan Rates
    • Lowest Loan Against Property Rates
  • Budget 2019
    • Budget 2019 – Tax breaks
    • Budget Impact on Business and MSME
    • Highlights of Interim Budget 2019-20
  • User Guides
  • Business Loans
    • Apply Business Loan
    • How it Works
    • Eligibiity and Docs Required
    • TypeS of Business Loans
    • FAQs
    • CGTMSE-Loans
    • Mudra Loan(PMMY)
  • PMAY
    • Pradhan Mantri Awas Yojana
    • FAQs On PMAY
  • Credit Score
    • Know your Credit Score
    • Improve your Credit Score
    • Good Cibil Score
    • CIBIL Score Facts
  • Tools
    • Best Personal Loan
    • Best Business Loan
    • Best LAP
  • Investments
    • Top 7 Investment mistakes
    • Top 5 Things before investing
    • 8 Best Investment options
    • Fixed Deposit is a better Investment option
    • Why you should invest in ELSS?
  • Lenders
    • Our Lenders
    • How it Works
    • FT Credit Analyzer
  • Partners
    • Why Partner With Us
    • Register as a Partner?
    • Affiliate Program
  • Resources
    • IFSC Codes
    • MICR Codes
    • Small Business Mentors
  • Car Refinance
  • Poplular Blogs
    • NPS
    • LAP
    • Tax Benefits
    • CIBIL
    • Mutual Funds
  • Others
    • Careers
    • Contact Us
    • Terms of Service
    • Privacy Policy
  • FundsTiger TV
  • Credit Score Booster Consulting
  • Loan Balance Transfer Counselling
  • Financial Health Checkup and Booster
  • Subscribe to FundsTiger
  • Loan Calculators & Guides
    • Home Loan Eligibility Calculator
    • Business Loan Eligibility Calculator
    • Personal Loan Eligibility Calculator
    • Home Loan EMI Calculator
    • Business Loan EMI Calculator
    • Personal Loan EMI Calculator
    • Car Loan EMI Calculator
    • Reduced vs Flat Rate Calculator
    • Fixed Deposit (FD) Calculator
    • Working Capital Calculator
  • Saving Schemes
    • Post Office Saving
    • Atal Pension Yojana
    • Sukanya Samriddhi
    • Kisan Vikas Patra
    • Senior Citizen Saving
    • PPF
    • EPF
    • VPF
  • Year 2019
    • Investment Lessons 2019
    • Financial Resolutions 2019
    • Saving Tips 2019
    • Financial Deadlines 2019
  • About Us
    • Overview
    • Mission and Values
    • Why FundsTiger
    • Our Team
    • Our Investors
  • Refer & Win
  • Popular Playlists
  • HOME
  • ABOUT US
  • BUSINESS LOANS
  • PERSONAL LOANS
  • HOME LOANS
  • CONTACT US
  • ToS
© 2020 All rights reserved. FundsTiger