All I know about money and finance I learned from personal finance books such Robert Kiyosaki’s books and Break Free by Don Soriano. I consider myself an amateur when it comes to handling money, despite having started a distribution business recently. So it was a happy accident when someone invited me to review her ebook about investment for millennials.

Titled A Millennial’s Guide to Investing, the ebook covered the basics of investment, particularly paper assets and stock market investing. This short, easy-to-read ebook also discussed why it’s important to invest your hard-earned money instead of leaving it on a savings account (which, to be honest, was a wake-up call for me.)

What I Learned

Needless to say, I picked up many useful things from A Millennial’s Guide to Investing. It lived up to its promise of being a no-nonsense introduction to investment for millennials. Here are some of my takeaways:

1. “Overspending and revolving debt are your worst enemies when it comes to financial success.” – The first step toward financial freedom is living within your means.

investment for millennials
Photo credit: Freepik

2. “Set aside money someplace that allows your savings to grow faster than the rate of inflation. Starting to save early also means giving your money more time to grow.” – There is no better time to start investing than now. When we choose to invest, we can get more value for our money.

3. “In picking the right investment, the BIGGEST factor to consider is the time horizon of your investment goals.” – What investment options you choose should depend on your goals and risk profile.

4. “Not everyone is financially ready to invest.” – Once you decide to invest, make sure to have the right attitude toward money first. Focus on increasing your net worth and getting rid of debt and bad spending habits so you can allocate more of your money for your investments.

Aside from these, I learned that much like entrepreneurship, investment is an ongoing activity that can help me build wealth. Investing in stocks and pooled funds is something that every financially capable millennial should consider in preparation for retirement.

If you’re intimidated by the idea of building your own investment portfolio, this book is for you. It will help you get a better handle on the fundamentals of investment. Simply put, you’ll learn what you need to get started.

About the Author

Christine Factora, the author of A Millennial’s Guide to Investing, is an entrepreneur and personal finance blogger based in Iloilo City. She regularly writes about her insights on topics such as money management, real estate, wealth building, and debt handling. Christine blogs at Money Girl PH.

If investing is in your list of resolutions for the coming year, this book might just get you started. To order your copy, visit the author’s page.