Youth, fun times filled with colorful stories. Lots of experiences and fun things to do when you are young. But behind that freedom, young people are also synonymous with their habit of spending money on insignificant things.
In fact, the financial things we are doing now will have a huge impact on our financial situation in the future. Therefore, on this occasion, we will discuss youth investments tips and managing finances.
let’s have a sneak peek at it below.
Gold is the easiest investment you can make because you can invest in gold bullion or gold jewelry. In addition to adjusting your budget for gold investment, you can also sell gold when there is a sudden financial need that occurs. This investment tips also has a relatively low risk and a flexible time period depending on your own.
Mutual funds are also an investment that you should consider as a youngster because mutual fund investments are now available with a minimum purchase that is relatively inexpensive so that they are affordable.
Mutual fund investment has a relatively small period of time and also a relatively small risk, making it an investment alternative for young people.
Deposits offered by various banks today can be one of the best alternatives for investment for young people. Deposits offered usually start from Rp. 1,000,000, – which is affordable for young people.
Deposits are also worth considering because the results obtained are usually around 7 – 8% of your investment value and of course this figure is much higher than bank interest if you save your money at the bank.
There are also various options for the period from 1 month, 3 months, or 1 year which you can adjust to your financial condition.
If you have an extra spare money, then there is nothing wrong for you to considering property investment because this investment will be a useful investment for you in the future. After all, this kind of investment period is usually long-term.