Investment: These 8 smart investment tips are game changers for Gen Z, these small steps taken in 20s will make you rich..

The easiest and most effective way to save money is the 10-30-50 rule. This means that in your 20s (20–29 years of age), you start saving at least 10% of your income. When you reach your 30s (30–39 years), increase this saving to 30% and as your salary increases, try to save up to 50%.

Stop living from paycheck to paycheck.
A big problem is that more than half of Gen Z become bankrupt at the end of the month. That is, living from one salary to the next month's salary. This not only stops your financial growth, but also increases stress.

Start small
You do not need to become a millionaire to invest. If you want, you can start a mutual fund SIP with just ₹500 per month. Apart from this, ETFs (Exchange Traded Funds) are a low-cost and very easy option for beginner investors.

Understand the magic of compounding.
The biggest secret of investing is compounding. Suppose you invested ₹1,000 every month for 10 years and got an average return of 12%, then your investment of ₹1,20,000 can become more than 2.3 lakhs. If you do the same for 20 years, then this amount can reach close to 10 lakhs.

Do not be afraid of market fluctuations.
There will be fluctuations in the stock market and mutual funds. Many times, investors get scared seeing a small decline and withdraw money.

Starting early is the biggest advantage.
If you start investing from the age of 22–23, then you have several decades to take advantage of compounding. This is your biggest strength.

It is important to create an emergency fund.
Gen Z needs to understand that things do not always go according to plan. In case of sudden job loss, health emergency, or any other problem – at such times, you should have an emergency fund equivalent to at least 6 months of expenses.

Educate yourself financially
In today's internet era, lack of information cannot be an excuse. Read books, listen to podcasts, or follow finance-related channels on YouTube.

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