Gen Z's 20s ideal time for wealth creation, experts say

International Youth Day is a special day on 12 August when the world celebrates young people and the important things they do in society.

This year, financial experts talked about how people in their twenties can start growing their money.

They said young people have a superpower: time.

When you invest money early, it has many more years to grow, like a snowball rolling down a hill getting bigger and bigger.

The experts showed a simple example: saving ₹10,000 every month from age 25 could turn into about ₹1.76 crore by age 50.

If you wait until 35, the same savings might only grow to about ₹69 lakh.

They also said to save money for emergencies first, covering 6 to 12 months of costs.

Paying off expensive debts like credit cards and education loans is also important.

Experts suggest putting most investable money into long-term growth funds, some into safer fixed-income funds, and some into ready cash.

Finally, they warned young people not to gamble on risky things like crypto or to try guessing when the market will go up and down, but to invest steadily and stay patient.