As a millennial woman, shore up your finances this Women’s Day

economictimes.indiatimes.com:

These words ring true, reminding us that we are the architects of our financial journey.

Imagine your money as a vehicle and your investments as the roads leading to your financial goals.
Your choices shape the path ahead – whether it’s straight or curvy, flat or bumpy – and the speed limit you must drive under.

In India, we’re proud of our demographics especially with the vibrant millennial population, with around 34% falling into the Gen Y category – individuals aged 28 to 43. The women in this age group today are dynamic, confident, empowered, and breaking every stereotype.

This Women’s Day is a powerful call to action for millennial women. It’s an opportunity to take control of our financial futures and to start building wealth for the life we envision. Let’s seize this moment to shore up our finances, paving the way for a brighter tomorrow.

Let us understand the essentials of investing and what are the key points one needs to keep in mind to build wealth over long-term -

What is your key investment objective?

First of all, you need to understand why you are investing and what objective you want to achieve – every person may be in a different situation and, hence, if your friend is investing in something that may or may not suit you.

We can’t have the concept of One-Size-fits-All investing as cash-flow requirements may differ from individual to individual.

There could be many ways in which you can start this – for e.g you can have a bucketing approach where you keep three buckets:

(1) Safety Pot –