Investment Basics For​​​​​​​ Young Salary Earners

“The reason that man is seldom satisfied with his salary is that when it increases, he increases his expenses.”

This saying stands so true in this very age. For the Millennials, dreams that they dream about comes with a very expensive price tag. Nowadays, luxury items have become a necessity for this generation. From costly cars to high-end phones to a swanky house are some of the requirements for today’s age group. To achieve all of the above mentioned items you definitely require a large income or a calculated plan ning to meet the basic financial goals in life.

Merely having an income, whether high or low doesn’t necessarily mean you have to spend it all at once on things which you don’t require. As our income increases, so does our lifestyle – this has been faced by everyone who have just started their careers. This condition is called ‘Lifestyle Inflation’. One of the major outcomes of this lifestyle inflation is lack of savings. As your lifestyle starts to increase so does your spending and this happens because you end up buying things which you don’t require or need.