Key Points
Vinayak Sapre, Financial Coach, says the Gen Zs are at two extremes; on one hand, they spend a lot, they take loans, they buy phones on EMIs and take a lot of personal loans as well..
When I was checking with a few of these Gen Zs, mostly they said that it becomes very, very difficult to process that information which is coming their way..
How different is the situation when it comes to investments from Gen Z or millennials because post-pandemic, there was a pickup in terms of investment trends, understanding and even financial literacy. Research reports are saying that Gen Z people fear not being able to secure themselves financially in the long run?.
At the same time, when it comes to investing, people need to understand, it is a requirement that they should be made to understand that instant gratification does not help in creating long term wealth..
Secondly, if you talk about financial freedom and why they need to achieve it ASAP, as in through investment on a regular investment basis, we need to make them understand that instant gratification does not work..
