Double-up your benefits by looking for places to put your money in that give higher rewards. You can take advantage of CIMB’s UpSave account that offers a hefty interest rate per annum of up to 4%. Plus, you can get Life Insurance FOR FREE when you maintain a minimum balance of P100,000.
Additionally, hold true to the phrase “avoid putting all your eggs in one basket.” Depending on your risk profile, you can invest in low to high-yielding instruments with a calculated risk approach. A sound and minimally risky investment for your 20s is buying a home as property assets tend to appreciate over time.
Remember, there is no magic bullet to get rich quick, but it is not an unachievable mystery either. With these basics, you can start your wealth creation journey in your 20s no matter how small your actions or abilities and enjoy abundant wealth in your 40s.