If you are born in any year between 1996-2010 you belong to the Gen Z also popularly known as igen (short for internet generation). You’ve grown up with the most technological advancements history has seen and have global and local information available in a click. Something the earlier generations could only dream of – like the Internet.

Speaking of the Internet, with so much knowledge and opportunities available in the palm of your hand, there’s one thing that you need to pay attention to. Financial literacy – how to manage, grow and sustain money. As a generation that is expected to do more, live an enriched life all this while evolving constantly. (The pressure is real!)

If you’re looking for ways to keep your fabulous life without having to swim in a financial soup, follow these tips.

Tip 1: Start Investing Early – Starting your financial journey early is the key here. Gen Z start their professional careers much earlier with the technology, they have to use this to the best of their opportunity and start investing at the earliest and not fall into the trap of we are still young and there will be tomorrow to plan for saving and retirement. Give money time to grow and it will grow with interest.

Tip 2: Pay Yourself First – This is a personal financial strategy where one makes a systematic investment into their savings. It literally means “Pay yourself First” before one pays their monthly bills or makes any purchases. With this strategy one will not be tempted to skip a monthly investment and spend it. This agrees to Warren Buffet’s quote “Spend What is Left After Saving”

Tip 3: Money Mindset Matters – Money Mindset is one’s unique belief and attitude towards money. It is the driving force behind your savings, spending and handling money. This mindset is formed in your formative years how your family’s attitude was towards money and what you observed from your surroundings. Someone with a healthy Money Mindset believes they can achieve their financial goals, they have the freedom to spend but choose not to spend and invest, help people and don’t compete or compare themselves with other people’s financial status

Tip 4: Diversify Your Portfolio – As the saying goes, “Never put your eggs in the same basket” is apt here. Diversification of portfolio is investing your money in varied securities and funds to reduce the risk and one can seek the highest possible return. This allows you to invest in low risk, medium risk and high risk funds. This way you can protect yourself from the volatile market and still have a sizable nest egg

Tip 5: Plan, Planner & Planning – Proper planning is vital for a successful financial journey and sticking to it is the second most important aspect. A sound plan considering your risk tolerance and time horizon will give you the financial freedom to lead a fabulous life that one dreams of.

If you set your mind to Financial Freedom, you can achieve it provided you adapt a disciplined and systematic investment approach. Break the cycle of financial worries and stress, sign up for the quality financial planning that will help you lead a richer and fabulous life.