Sunday, July 6, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

‘Stop taking loans, start saving early’: Zerodha CEO Nithin Kamath’s advice to millennials, gen Z

by Euro Times
October 30, 2022
in Business
Reading Time: 2 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


Stock trading firm Zerodha’s co-founder and CEO Nithin Kamath has shared some do’s and don’t for millennials and generation Z, who according to him need to take retirement a little seriously.

Kamath, who keeps sharing valuable tips for investors, on Saturday said what new generations don’t think about enough is that the retirement age is dropping fast due to technological progress and life expectancy going up due to medical progress.

As per American think-tank Pew research, anyone born between 1981 and 1996 (ages 23 to 38 in 2019) is considered a millennial, and anyone born from 1997 onward is part of a new generation (Gen G). 

Kamath said that the retirement crisis will probably be the biggest problem for most countries in the next 25 years. Earlier generations, he said, got lucky with long-term real estate and equity bull markets that helped them create a retirement corpus but that may not be the case for new generations.

The stockbroker and investor said that in 20 years, retirement could be at 50 and life expectancy at 80. “How do you fund the 30 years?” he asked. 

If climate change doesn’t kill us all, the retirement crisis will probably be the biggest problem for most countries 25 years from now, he said in a LinkedIn post. 

“Earlier generations got lucky with long-term real estate & equity bull markets that helped create a retirement corpus. Unlikely in the future,” he added.

So, he suggested four things that new generations need to do to avoid a post-retirement crisis. 

Kamath’s first advice to the new generations is to stop getting triggered by everyone trying to lend and stop borrowing to buy things you don’t need or depreciate in value. Second, start saving early and diversify across FDs, government securities, and SIPs (Systematic Investment Plans) of Index funds, ETFs (Exchange-Traded Funds). He said stocks are probably still the best bet to beat inflation long term.

Third, Kamath said one needs to have a comprehensive health insurance policy for oneself and everyone in the family. He said one health incident is enough to push most people into financial ruin or set them back many years financially. “Jobs don’t last forever, hence one policy outside of what is provided at work,” he added. 

Fourth, if one has dependents, s/he should be covered. “Buy a term policy with adequate cover. In the worst case, this money in a bank FD should cover their financial needs,” Kamath wrote. In the last, he said the biggest fix for most people is they should stop taking loans. 



Source link

Tags: CEOearlyGenKamathsadviceLoansmillennialsNithinsavingstartStopZerodha
Previous Post

Real Estate Horror Stories: Navigating Six-Figure Losses

Next Post

Peacekeepers turn ground-breakers in the Central African Republic — Global Issues

Related Posts

What Moved Markets This Week

What Moved Markets This Week

by Wall Street Breakfast
July 5, 2025
0

Looking for Alpha's Calls Of The Week NextEra Power (NEE) Turns Headwinds Into Strategic Leverage.BST: Engaging Magnificent 7-Heavy CEF With...

Crude oil prices may rebound as supply tightens and geopolitical tensions ease, say experts

Crude oil prices may rebound as supply tightens and geopolitical tensions ease, say experts

by zee business
July 5, 2025
0

Crude oil costs may even see a restoration within the close to time period as constructive indicators emerge from the...

NSE vs BSE: How the two stock exchanges fared on financial parameters in FY25 – Exchange Dominance

NSE vs BSE: How the two stock exchanges fared on financial parameters in FY25 – Exchange Dominance

by ETMarkets.com
July 5, 2025
0

Though BSE, established in 1875, is Asia’s oldest inventory alternate, it's NSE—based in 1992—that has come to dominate India’s markets....

What Women Want And Do Not Want In 2025

What Women Want And Do Not Want In 2025

by Khushi Maheshwari
July 5, 2025
0

Gone are the times, hopefully, when harassing a girl on a shifting prepare was seen as 'peak romance'. The 'unhealthy...

Luma Fertility raises  mn seed funding led by Peak XV’s Surge

Luma Fertility raises $4 mn seed funding led by Peak XV’s Surge

by Euro Times
July 5, 2025
0

The funding will help development past Mumbai over the subsequent two years, tapping into India’s quickly rising fertility providers market....

Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

by Euro Times
July 4, 2025
0

Microsoft has formally exited Pakistan after 25 years of operations, based on the CEO who launched the tech large’s presence...

Next Post
Peacekeepers turn ground-breakers in the Central African Republic — Global Issues

Peacekeepers turn ground-breakers in the Central African Republic — Global Issues

‘Lot of progress’ in India trade talks: UK foreign minister

'Lot of progress' in India trade talks: UK foreign minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Elon Musk declares ‘America Party’ is born after Trump enacts .3 trillion bill

Elon Musk declares ‘America Party’ is born after Trump enacts $3.3 trillion bill

July 6, 2025
Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

July 5, 2025
BNB Gets Big Backer as Nano Labs Begins Billion-Dollar Accumulation

BNB Gets Big Backer as Nano Labs Begins Billion-Dollar Accumulation

July 5, 2025
Cathie Wood Suggests Government Settlement in Bitcoin Shift

Cathie Wood Suggests Government Settlement in Bitcoin Shift

July 5, 2025
Kenyan president plans to build huge church at his official residence

Kenyan president plans to build huge church at his official residence

July 5, 2025
Things Are About To Get Very Ugly For Republicans Who Voted To Cut Medicaid And SNAP

Things Are About To Get Very Ugly For Republicans Who Voted To Cut Medicaid And SNAP

July 5, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Elon Musk declares ‘America Party’ is born after Trump enacts $3.3 trillion bill

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In