Learn to save before you spend
India is home to the world’s largest millennial population. This means that more than 44 crore of us are between 18-35 in age. By 2020, we will spend $330 Billion dollars annually (a 14-figure number in ₹) as per a Morgan Stanley report published in ’17.
While it is profitable to do business here, especially with the e-commerce boom and growing digital connectivity, it is a ddouble edged sword: we buy things instantly, things we don’t even need (Don’t deny it!).
We are exposed to a higher degree of financial independence since our childhood and we learn how to spend money much before we learn how to save & invest it which can put us in an unfriendly debt-ridden situation that none of us would like to be in.
We recommend taking the first step: read “Rich Dad, Poor Dad” – an all time best-seller written by Robert Kiyosaki, a genius in the field of financial planning. It’s simple, short – 7 to the point chapters – full of practical examples that you can relate to and start applying in your daily life instantly. Trust us, its better than putting up a lemonade stand (although we sure could do with some in this terrific heat!)