Home Business & Management How Millennials New Generations Invest Money 2020?

How Millennials New Generations Invest Money 2020?

Does the new generation of your household keep(invest) their holiday money as a precaution…? So Does he know what it is to make a budget(invest) for the month and follow it accordingly…?

Clothing shoes and gadgets that are purchased in the year or in months, or in weeks…?

Times have changed and with that, millennial’s style of saving has changed. Millennials, we will look at the spending and saving perspective of today’s young generation, what do they want…?

WHAT WILL YOU KNOW HERE:-

  1. Fond of amenities.
  2. New perspective of saving.
  3. thinking has changed.
  4. what’s the interest of India’s young generation, the money or the fame.
  5. some rule how you can invest in the stock market right time to invest saves money.
  6. some examples of surveys.
  7. Conclusion.
  8. FAQ
How new generations invest money.

A few days ago. So, in a conversation with my acquaintance working as a financial consultant. So, he told the story of a young couple. Both of them were earning enough money to ask them the right way of saving.

They had taken almost every kind of loan for modern appliances, vehicles, and decorating barge in the house. And, They used to go out of the city every month to go somewhere. So this is not just the case of a young generation. So, it is a reflection of the whole Millennials for example the thinking and habits of the new generation of money.

How Millennials invest money.

A recent survey also revealed that 76% of the Millennials surveyed reported that they had taken loans and that they had to save up for fresh fashion, gadgets, and lavish weddings. So It is evident that the attitude of saving has changed in the youth of today.

So, It is not ready for a secure future on the condition of living a life of inconvenience and lack. And The vision of the youth is very clear in this matter that they have to improve their present first by earning and then think about it for the future, they are also thinking about spending in a new way,

Where debt is considered as the last resort for poor people and weak from social status. Was now considered clever thinking.  Proof of growing numbers of credit cardholders. 

How Millennials spend money
invest

FOND OF AMENITIES:-

According to a survey by ICICI Lombard some time ago, Indian youth spend about 70% of their earnings, that is, they do not hold hands like the older generation and spend it.

In the study by the international journal of scientific research, the number of men and women visiting the restaurant once in 15 days is 40 and46% respectively.

Also, to another research, about  87%  of the new generation of earning youth visit at least once a year at their own expense.

Another way survey found that 48% of the youth spend an average of 500 to 1500 rupees a month on shopping for fresh clothing. So, those who do not have employment or who are studying, spend only up to a thousand rupees a year on their shoes only.

invest

According to a survey, dating is another big expense among Indian youth today, according to this study, 37% of the youth spend an average of 3000 rupees on a date. And Online shopping is also a big place in the expenses of youth.

Around 80% of youth between the age of 20 and 30 prefer online shopping to save time. So, They make online purchases of about 2000 rupees a month. So, Obviously, this method is not focused on keeping money in the bank. And This is confirmed by the data released by the Reserve bank.

According to these figures, the percentage of average savings in Indian families in 2011-12 was 23.6, So which was reduced to 17.2 in 2017-18. According to another report, the younger generation has a bank saving of only 5%.  

(Millennials)NEW PERSPECTIVE OF SAVING:-

This does not mean that the victim does not think for his future, but for this, he is not only in favor of depositing money in the bank, but also to increase his money more and more through investment.

He is adopting new and big ways of saving, whether it is about owning a house or building a property, or a mutual fund or cryptocurrency. Today’s younger generations are more aware of the ups and downs of the economy than earlier generations.

NEW PERSPECTIVE OF SAVING

Hence, adopting a way to keep both the future and the present happy. The youth are also aware that inflation is increasing and the value of rupees has also been increased, due to which the amount of money will not be enough in the future,

So they are moving towards increasing their saving through investment. So they are adopting new round options. According to a study, about 37% of the youth invest in the stock market, real estate, bond. And cryptocurrency.

The trend of investing in mutual funds has also increased sharply, according to a figure, in 2017, about half of the 20 to 35 years of youth invested in mutual funds. Today, instead of keeping young savings in the bank, its investment and thinking of earning more keep.

THINKING HAS CHANGED:-

Earlier, the cost of living by covering the feet was equal, but the youth of today believes in making the sheet even bigger. But Change in the views of generations is a natural process. So, The aspirations of the present young generation are very high.

Like the previous generation. So, what they get is not ready to live and save. Therefore, he does not only want to earn a better standard of living by earning more and more through his ability and hard work but also dares to risk investment to increase his savings.

thinking

This trend of youth is not unnatural in view of today’s hawkish and advancing moment by moment, their saving culture has changed, but they are not conscious of saving, it’s not good to say.

His whole lifestyle has changed and his attitude towards money has also changed. So, he knows how to prepare himself according to the needs of new times. He wants to be happy in both the present and future.

WHAT’S THE INTERSET OF INDIA’S YOUNG GENERATION, THE MONEY OR THE FAME:-

Money or fame

Every person has a dream ad desire for the future especially young people who think they do anything to make these dreams come true.

It’s very important for a person in our society. So, to be known and to have the ability to influence others. Although being famous its often directly linked to having vast sums of money.

Many young people are still more interested in earning a lot of money, no matter if the world knows they exist. But The reason that might explain this is the way they have been brought up.

INTERSET OF INDIA’S YOUNG GENERATION,

If they have spent most of their childhood in poverty. But being rich is their dream. For others, they might be heavily influenced but their parents and relatives who might be a successful businessman or something of that sort, earning loads of money.

Here, its money that rules. To sum of both fame and money are important for today’s young generation.  It’s a matter of no individual perspective to want one of these more than the other or try to strike a balance between the two.

SOME RULE HOW CAN YOU INVEST IN STOCK MARKET RIGHT TIME TO INVEST SAVE MONEY.

invest in stock market with learning
  1. If you want to save money, then it is very important to make a vision to save money. It means to say that even though time has changed, the fact of benefiting from small and safe savings has not changed even today. Just change its perspective. Let’s talk about it now.

A lot has been written and said about timing the market.

And I am also repeating the same here in this. But No one can time the market. So, It is almost impossible to time the market. So, If you ask “when is the right time to invest”.  And also My answer is no one knows the exact answer to this question. I can give some tips that will help you decide when and how to start investing in the stock market. But before we jump into this, let us know some basics of the stock market.

  1. Stocks are a type of investment. Like FD, real state, and gold.
  2. Through stock, So you can invest in different businesses.
  3. Investing in the stock market is not about buying one or two stocks. But It is about creating a portfolio of 8-15 stocks in different sectors.
  4. Knowing a different kind of risk of investing in the stock market. So it is a good idea. But If you can the risks, you can manage them as well.
  5. We get taught every subject in our childhood and in college as well, but not investments. But Your first investment in the stock market should be the investment of your time to educate yourself.

LEARN TO INVEST PROPERLY WITH CONFIDENCE:-

invest
  1. Decide how much percentage of your total savings. So you would want to invest? And I think you should (2030% of your saving is a good idea).
  2. Decides upon the frequency of your investments. Monthly, quarterly, or once in a year. (I think you should invest in do it monthly.)
  3. Go slow. Very slow. But If you want to stay here for the long term. So slow. Learn experience and then increase.
  4. Stay away from gambling. Like intraday seller and tip seller.

SOME EXAMPLE OF SURVEY:-

Survey
  • 87% of the youth visit at least once a year at their own expense.
  • Today’s younger generation is putting 5% of their earnings in the right bank budget.
  • 37% of the youth spend an average of Rs 3000 on a date.

Conclusion:-

If you want to save money, then it is very important to make a vision to save money. It means to say that even though time has changed, the fact of benefiting from small and safe savings has not changed even today. Just change its perspective. Let’s talk about it now.

Learn to invest properly with confidence.

  1. Decide how much percentage of your total savings but you would want to invest? (2030%of your saving is a good idea).
  2. Decides upon the frequency of your investments. Monthly, quarterly, or once in a year. ( So I think you should invest in do it monthly.)
  3. Go slow. Very slow. But If you want to stay here for the long term. So slow. Learn experience and then increase.
  4. Stay away from gambling. Like intraday seller and tip seller.

FAQ

How Millennials spend money…?

Millennials spend more on comforts and conveniences. But 60% of millennials spend more than $4 on a single coffee. 70% of millennials will spend a little extra to eat at the hip restaurants in town. … Over 50% of millennials spend money on taxis and Uber.

How Millennials make money…?

Blogging.
YouTuber/Streamer.
Affiliate Marketing/Content Creating.
Network Marketing (MLM’s)
Writing and Selling e-books.
Selling Photos Online.

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