At this stage, you’re starting to make your way into the workforce. You’re earning a fixed amount of salary, which you can augment by having business on the side or a part-time job. Your expenses are for your personal needs and are most likely to exceed your income.
The good thing in this life stage is that you’re young, which means you have a lot of time to make your investments work for you. Ideally, at this point, you are starting to build your savings fund by putting a fixed amount in it once or twice a month.
If you have minimal or no dependents at all, aggressive investing is recommended since you have a higher tolerance for investment risks. But if you’re a breadwinner, be a moderate investor.
Investment products like savings with insurance, mutual funds, stocks, and bonds are ideal at this age since they grow in value over time.