5 Biggest Financial Mistakes from Millennials to Avoid? - Sathish Kumar | Author.
Posted on: 07/Sep/2021 10:58:46 AM
The Road to Financial Freedom can be difficult for many, especially Millennials who are earning good and spending high.
It is very important that within the age of 25 – 35, any one has greatest potential to save more, earn more, Invest more and grow their wealth.
Unfortunately, out educational system fails to provide the personal finance knowledge in our academics. As a result, many learn these strategies from their trial-and-error methods.
Be aware of these mistakes, spot them early and you can avoid the pitfalls and can accelerate your financial success.
One call can change your finances forever. Reach out to me @ 9841058689.
By Sathish Kumar – Helping you to take Smarter Investment Decisions.
Disclaimer - This video is only for education purpose. Do your own research and consult your financial consultant before investing your money.
Finances are growing more complex and dynamic than ever. With the rising investor needs and complex financial products, there is a strong requirement for need-based holistic advice by financial planners
It is often said that we are good savers, but ‘poor’ investors. we usually lack the financial knowledge to plan for the long-term, in choosing right asset allocation and diversifying our asset.
1. Have an financial expert by your side
With the economy doing well, people are earning astronomical salaries but very few are `financially literate` to take care of their funds. Many can`t differentiate between financial products based on risk, tenure, tax and returns.
This necessitates the need for a financial planner who has accurate information about products and the client’s needs.
2. Leave the complex matters to professional
The role of a financial planner is similar to that of a doctor. A financial planner is a professional advisor who helps clients deal with various personal finance issues through proper planning and his expertise.
3. How to choose a financial planner?
Investors also need to check that the planner is not selling them any product. His job is to provide financial advice and not sell products or refer investors to other agents—where he may be earning some commission.
Finally the information you share your advisor is a sensitive and confidential, the financial advisor should value this and keep that confidentiality.
4. Financial Advisor for a Long Run
A Financial planner should walk with his client for a long run. He should review the portfolio regularly (Ideally once in 4 months) recommend actionable on portfolio and help the client to achieve his or her financial goals.
Empowering you to take smarter investment decisions and helping you to achieve your financial goals. To Invest in Mutual Funds and Direct Equity Portfolio connect with me through whats app @ 9841058689.
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Disclaimer
This is my personal opinion, for all investment your investment related decision pls do your own research or consult your financial Advisor. Mutual Funds and Stock market does not guarantee any returns and past performances are not necessary indicative for future performances.
