Millennials' purchasing power is steadily increasing. They're closer than they've ever been to achieving their financial objectives. They are, however, including wise investments in their spending spree this time.
The majority of this generation, defined as individuals born between 1981 and 1996, has already spent over two decades in the job, with many moving to management positions. They may also have started families, put money into their children's education, and picked venues that they believe will be more favorable to their children's development.
If you're a member of the millennial generation, here are some things to think about while planning your future investments.
Bonds and insurance
It's a waste of time to sit on your money for an extended period of time. Put your money to work for you by investing in these types of assets. Fixed-income instruments issued by the government or a private entity are known as bonds. Mutual funds, on the other hand, are a collection of stock market investments that pay out dividends.
Cooperatives
Have you ever wished to be a part of a private company? Then consider joining a cooperative. You will have forced savings for rainy days and will earn dividends by supporting the cooperative's products and services.
Knowledge
Your educational advancement, in addition to the money in your savings account, is an asset worth investing in. When you invest in your own abilities, you will never be at a disadvantage. There are numerous learning sites that provide master classes in topics such as social media management, culinary, and other topics. Examine what you can learn that will help you improve emotionally and financially in the future.
Real Estate
Start looking into residential real estate as a possible investment. You can buy an asset that appreciates and make passive income in the long run by renting it out or flipping it at a much higher value in the future with acceptable monthly payments. Consider the location and amenities, as well as whether or not it is part of a larger master-planned community.
A master-planned project is Glam Residences by SM Development Corporation (SMDC). After all, it's just steps away from Quezon City's burgeoning central business district (CBD) and the epicenter of all commercial activity in Northern Metro Manila.
Office towers, commercial malls, hotels, renowned medical institutes, and several parks abound in this dynamic and bustling location. It also includes critical transit hubs that provide quick access to Metro Manila's most important locations.
SMDC’s Glam Residences is soon to rise along EDSA in Quezon City.
The SMDC's Glam Residences are also only one station away from the unified Grand Central Station, which will connect the MRT 3, MRT 7, LRT 1, and Metro Manila Subway developments in the near future. This kind of accessibility and convenience should appeal to anyone trying to broaden their horizons for themselves and their families, as well as those looking to invest in the future.
On the top-most floor is a sky lounge that offers panoramic views of the pulsating Metro Manila skyline.
Glam Residences offers an upmarket high-rise condominium that complements the cosmopolitan lives of working millennials, in addition to its outstanding location. Millennials may rest after a hard day at work with thoughtfully built amenities like a lap pool, jacuzzi, and rooftop lounge and bar, as long as they follow health rules.
The bespoke interiors are inspired by Hollywood Glamour and feature a mix of textures such as marble and steel in gold, grey, white, and blue hues.
The complex also has a children's pool and play area, an indoor gym, function spaces, and a community mall.
Long-term and short-term lease options are available through SMDC Prime Key Leasing. Buyers from outside the country can also benefit from owner representation.
SMDC's Glam Residences will surely become the "it" destination among Quezon City properties along EDSA for years to come, thanks to its prime location and premium amenities, as well as the fact that it is a great investment opportunity.