Millenials are a type all to themselves. In a lot of ways, they’re an unprecedented generation—millions of tech-loving, fantasy-living, commitment-shirking young adults who too often are ill-prepared to face the gut-wrenching realities of the 21st century. (Sorry guys, I really do like you. Promise!) 🙂
When this kind of mentality syncs with financial irresponsibility, the effects can be devastating. Of course, not all millennials fall into this generalization but too many do. If you’re the kind of guy that has ambitions, taking the necessary steps to build a strong financial future is critical.
It begins with a conversation. Talk to people you trust about your goals (financial planners, bank reps etc…) and figure out where you are vs where you need to be. You don’t need to know it all, you just need to be willing to learn.
Don’t let the credit cards suck you in. Be thrifty (even on gifts), realizing that, unlike the movies, you’re probably not going to get rich overnight.
Lastly, learn to say “no” to yourself. It’s a big word, I know, and it seems a whole lot bigger when you’re turning down a 2019 Corvette or the latest iPhone. But self-control is key to becoming a successful man as my post “Control Thyself” shows.
Smart money management will pay off in the long run.