The Unseen Challenges of Gen Next
1) Wealth Creation needs Time
2) Time is the greatest fund manager
3) The world is changing
4) 35 years was the earning period traditionally (age 25 to 60)
5) This has shrunk by 30% to 40%
6) The first 10 years of working is more significant now than ever before. It accounts for 75% of lifetime wealth
7) In the past, it was possible to fritter away 10 years without giving investing a serious thought
8) Because that still left us with 25 years for wealth creation
9) Now if you lose the first 10 years which incidentally , you are left with just 15 years or say even 10 years to see your money compound
10) This phenomenon can have serious lifetime impact
11) Unless the new generation is mindful of using the first 10 years of their career between the age of 25 and 35 wisely, they are likely to pay a huge price
12) Children usually don’t look to their Parents as Teachers and therefore as a Financial Advisor imparting this education becomes our Moral Duty
I rest my case
