Young people nowadays are more financially conscious than what previous generations are before them. A lot of these young people who are professionals in their respective fields of work and interests are looking for ways to start a savings plan so that in the near future, they can choose their investment options.
There’s actually a wide array of investment options these young people to choose from but they might get confused which of these fits their interests? There are as many investment firms and companies out there that promise to make your investment grow and make sure it is safe and sound and oftentimes it is proven to be a daunting task for an average person who is new to this kind of venture. Finding the right answers always begin with some little research.
Lucky for you, we’ve talked with our dear friend, Alexis Assadi, who is a very a successful investor and an expert in different types of investments and financial schemes will provide a list of the most ideal investment options fit for young professionals out there. For those who are not familiar who Assadi is, well, he is the owner of the Assadi Capital Corporation, an investment company that runs various small and medium business enterprises and real estate ventures. Assadi is also the Chief Executive Officer (CEO) of the Pacific Income Capital Corporation which annually provides $250,000 financial assistance to SME’s and real estate companies across the United States and Canada.
- RETIREMENT SAVINGS- Probably this is one of the most practical investment option out there. It is one way to secure your future especially if you already have a family. For a young professional like you, this is the greatest investment for you. You’ll be able to build a good financial asset if you start saving money right now. If you start saving up money at this point in your life you’ll see it grow. If you reach 20’s to 40’s you’ll be able to accumulate all of it and invest it for your retirement. Place it with an equity-like common stocks and stock mutual funds so that your savings will grow even bigger. You can also invest it for real estate properties, mutual funds and other types of investment and watch it grow.
- PURCHASE A HOME- Buying your own house probably could be the ultimate goal for each person right now. Owning your own house is truly a dream for come true for many. If you happen to have a good savings account, you can purchase a house and watch its value grow which can be then sold to another investor. You can then buy another house and make its value grow even bigger. You can even make it available for leasing or renting.
- EDUCATIONAL PURPOSES- Going to college is expensive; not everyone have the privilege of going to college so save up money and invest in education. We all know that most people who were able to graduate in college and becomes a degree holder are usually those who gain success in their respective careers. It’s easier to find a job if you are a degree holder rather than just a high school graduate.
- SMALL INVESTMENTS- This means that you should proactively save money and use it for money market funds, or a savings account. The amount of this investment depends on your current financial situation so if you save more money, you’ll be able to secure a good savings.