Are you a Gen Y working towards your financial freedom?
Maybe you are in your 20s and 30s with a career that’s just starting to take off; maybe you want to start building a family and are making plans for the future; maybe you hope to achieve your financial freedom so you can retire early.
With all these goals in your mind, you realise that there are some very real financial challenges. It seems that
- It will take forever to pay off all your loans
- You will never earn enough to support your young children and ageing parents
- You may have to give up your passions and aspirations due to the financial constraint
Research shows that millennials are facing greater retirement challenges comparing to baby boomers. This is not only due to the drastically changed financial environment, but also 3 common financial pitfalls that I am going to talk about…