A click happy, tech savvy generation that believes in living for today and eschews long-term commitment for immediate gratification. These are the millennials, more commonly known as Generation Y. While it is unfair to paint an entire generation with the same brush, we would not be amiss in saying that millennials have a tendency to delay decisions related to careers, investments and savings. Consequently, they tend to adopt a somewhat myopic view and fail to make long-term investments. However, for long-term stability and well-being, millennials should consider crafting out their long term goals and working towards achieving the same.