00:00 Fulfillment is better than early retirement for them, that's why they have a new version of saving, the soft saving.
00:09 You know what it is from the first news of Dano Tincunco.
00:12 Now, it's expensive to buy and hard to find a job for the employed Gen Z.
00:20 But not to retire, that's the soft saving that Gen Z are doing in America based on one study.
00:29 3 out of 4 Gen Z surveyed are worried about setting up long term goals due to the current economic situation.
00:37 They prioritize personal growth, emotional well-being, and what is fulfilling for them at the moment
00:44 to have indirect financial benefits compared to saving for retirement.
00:49 Living in the moment, they say.
00:51 It's also included in traveling, studying again, and doing business.
00:55 24-year-old Maxine is still young but she's already thinking about saving.
01:01 I realized that I'm saving all this time but I won't be able to enjoy these savings.
01:08 I need to enjoy it.
01:10 She has a full-time corporate job that she admits that it can be draining.
01:15 That's why she tried a hobby like clay art, and she thought it's a way to earn money.
01:21 She sees the importance of saving in a way that she can still enjoy.
01:25 I see it as an investment for myself and how would I explore the world of art
01:32 and how I can express myself to other people.
01:35 A financial advisor said that it's important to be prepared.
01:39 But the idea of soft saving is not bad.
01:43 It just needs a strategy.
01:45 You first convert it to an asset that grows in value.
01:51 And you use that asset for your spending.
01:53 Whatever strategy, whether it's soft saving or impokman,
01:56 it's important to have a plan to achieve it.
02:00 You cannot make money out of magic or nothing.
02:06 So the principle of converting your currency, spending your currency for your lifestyle.
02:12 This is the first news. Dano Tincunco for GMA Integrated News.
02:18 Igan, you are the first in the news.
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02:31 Transcription by ESO; translation by —
02:36 Now that you've caught up with ESO, head 'out the back door' with Hubble.
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