As a young adult just hitting the workforce, you may have realised just how hard it is to save for a house. Although many people see a house as the holy grail of investing, there are other options.
Not to mention, as you are still young, you can take on more risks and build a good foundation for wealth in the future. So, here are three good investments you can start.
The stock market has returned more than real estate over the decades. Having your own stocks and shares ISA or learning about financial assets is a great start to building wealth.
You do not need a massive down payment, and you have easier access to your money. So, take time to learn about stocks and start investing to allow for wealth generation.
As you are still young, you probably have a little more free time than those with families. As a result, you can use the time to start a little side hustle and begin to grow it into your later years.
Not all businesses require a tonne of money to start. However, many do require a lot of effort. So, if you are up for the challenge, investing your time to start something may be a good investment.
Finally, you may have gone to university, but your learning does not stop there. To excel in your career and up your potential earnings, you need to learn and gain experience.
Paying for courses and increasing your knowledge when you have the time will set the grounds for a better career. Not to mention, it will make you a well-rounded individual.
Find the long-form article below:
The Three Best Investments for Young Adults
You Do Not Need to Buy a House as Soon as Possible
Please be aware that all information in this article is personal opinion and not financial advice. Anything you have taken as a result of reading this article can not be held against the author.*