How to Win in Today's World of Millennial Money? A Guide To True Wealth | "Master Investor" #wealth

ow to Win in Today's World of Millennial Money? A Guide To True Wealth | "Master Investor" #wealth #biz #livestreaming #business #live #masterinvestor

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Summary:

Even though they are the most educated generation in US history, millennials still find it difficult to comprehend how money functions.
Due to the numerous financial double whammies they face, millennials' finances are still fragile.
Additionally susceptible to the love of obligations are millennials.
When it comes to our culture and the workplace, the millennial generation has firmly taken the lead. With a population of 72.2 million and the oldest members over 40, they are now the largest and most influential generation to date. Therefore, it's important to examine their financial practices; sadly, they might be in for a great deal of trouble.

Millennials' financial practices

The millennial generation is, by all accounts, the best educated generation in US history. Examine the following Pew Research graph.

What does this demonstrate to us?

The majority of millennials possess relatively little financial acumen, and what little they do know about money comes from antiquated financial theories.

Being concerned about this research would be an understatement. The modern financial landscape will always be unfavorable to savers and we cannot allow the majority of our generation to be impoverished.

Experiences are important to millennials.

We are also writing to baby boomers, a generation that loved to buy items like TVs, homes, and cars, and not really know how to invest successfully due to the old rules of money and being tough to work hard for earned income instead of building wealth through businesses.

The current generation of young people, known as the millennials, have distinct values. They value experiences more. According to "USA Today" states, "a recent Harris Group study found 72% Millennials plan to focus on 'experiences rather than physical things' in their future spending."

A fresh monetary system

Finishing reading the article: https://masterinvestor.substack.com/p/how-to-win-in-todays-world-of-millennial

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