Gala ka ng gala nauubos na pera mo. Typical things that our parents said to as a young adult. Bili ng ganito, bili ng ganon napaka impulsive nating millennials to be honest. But how do we leverage our financial stability in the coming years? We have to save enough money for our future needs. That's if you're still worried about the future. I guess so, that's why you're reading this.

Here are 5 ways of Investment for us Millennials

1. Knowledge is the key

It is said that knowledge is the key to success. This is the only thing that can never be stolen away from us. Here are the three valuable ways to invest in yourself:

a. Develop your skills

Improving your skills doesn't mean you have to go back to studying, that's an option but that is another expense. More likely I suggest to turn into Facebook and search for the groups that you have an interest. There is also a lot of topics you can search over the internet in which you can connect with the people to develop your skills.

b. Be creative

It's always fun to start with something you don't know, especially if you're quite interested in it. There are kinds of a sideline for example in the art department wherein you can sell the crafts that you make. It's just an easy click you can do to add up to your investment.

c. Make reading a habit

It doesn't necessarily mean to read a whole book. I suggest you read something every day, it can be some motivational quotes in a blog or something that can help you in the long run. The internet is endless information but I suggest to be keen on what you're reading and always have a common sense.

2. Small Business

Remember the time when Kuya the buko vendor have been earning 3,000 a day just selling Buko Juice? You can actually start a small business by catering to the usual needs of the people.

You can also do buy and sell on Facebook. If you love baking, you can start a cupcake business and promote it online. If you need additional funding, there are applications available in your app store.

3. Variable Universal Life Insurance (VUL)

VUL is a financial product that offers the best of both worlds - guaranteed insurance benefit and fund accumulation. Since the policy is linked to different asset classes such as stocks and bonds, VUL presents earning potential that may not be offered in a traditional policy.

This is great because it does not only help your money grow but it can also help your loved ones around you. You can access your funds after a certain number of years to help in case of emergency.

4. Bonds & Mutual Funds

When you buy a bond, you are simply lending your money to the entity for a certain time period. In exchange for your loan, the entity will pay you coupon or interest until the end of the period (the maturity date) when you will receive the original investment or loan amount (the principal).

This is an example of a minimal risk investment, while it yields low profits, it is significantly higher than deposit accounts.

On the other hand, Mutual funds represent a mechanism to invest in stocks, bond, or cash alternatives. You can think of a mutual fund like a basket of stocks or bonds. Basically, your money is pooled, along with the money of other investors, into a fund, which then invests in certain securities according to a stated investment strategy.

This is more of a long term investment, just be sure to find the right person to put your hard earned money in mutual funds.

5. Government Investment Programs

a. SSS P.E.S.O. Fund

provides an option for SSS members to save their excess earnings and build a secure future through tax-free earnings and benefits, contributions placed in sovereign guaranteed investments; and • Guaranteed earnings

b. The Modified Pag-IBIG II (MP2) Program

is an additional and voluntary five (5) year savings facility being offered by HDMF to its Pag-IBIG I members that will provide them with a yield higher than their Pag-IBIG I membership.

MP2 is entirely for saving money with added bonus through flexible dividend rate. While if you become a Pag-IBIG member, you can apply for a housing loan and save for retirement through the monthly contribution.

Always remember, the earlier you invest, the more chances of profit you can achieve with these strategies. You'll more likely to use your extra money in investing for the future rather than splurging everything in YOLOs. Enjoy your life, invest in what you can and live comfortably from today and in the future.