The typical young folk are often very nonchalant about laying the foundation for their future. Focus is generally placed on gaining employment, becoming independent of their parents and making their own money. It is not until into one’s late twenties or early thirties that serious thought is given to what kind of future one may desire. If the right conversations happen earlier and in a more wholesome manner, young people can be better prepared to have a future that is a true manifestation of their desires. However, at what point does that preparation need to begin and in what ways can the foundation be laid?
While there are many things we can do in the early stages of our lives to have brighter futures, here are five things we believe have a unique Buzzz that young people need to do today that will benefit them in the future.
Learn about financial management
The difference between one’s success and perpetual financial challenges is in understanding how to make money work for you. Financial management is an important form of knowledge that every young person needs to learn as early as possible. From learning how to strategically acquire, save, budget and invest one’s money, young people will have a distinct advantage of becoming financially stable at earlier points in their lives. If this practice becomes the norm, then it creates the space for generating wealth in one’s lifetime before retirement and provides the opportunity of building generational wealth within their family.
Acquire a skill
Outside of any type of formal education that one may acquire, young people need to identify a skill that they may develop and monetize. Relying on one source of income is no longer adequate for one’s survival. Having additional skills that can be monetized will help to diversify a person’s income streams and provide with greater opportunities to live a successful life. The acquired skillset can range from trade skills, to creative skills to anything in-between. Having a skill outside of their formal field of education and certification can help young people in the future.
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The typical young folk are often very nonchalant about laying the foundation for their future. Focus is generally placed on gaining employment, becoming independent of their parents and making their own money. It is not until into one’s late twenties or early thirties that serious thought is given to what kind of future one may desire. If the right conversations happen earlier and in a more wholesome manner, young people can be better prepared to have a future that is a true manifestation of their desires. However, at what point does that preparation need to begin and in what ways can the foundation be laid?
While there are many things we can do in the early stages of our lives to have brighter futures, here are five things we believe have a unique Buzzz that young people need to do today that will benefit them in the future.
Learn about financial management
The difference between one’s success and perpetual financial challenges is in understanding how to make money work for you. Financial management is an important form of knowledge that every young person needs to learn as early as possible. From learning how to strategically acquire, save, budget and invest one’s money, young people will have a distinct advantage of becoming financially stable at earlier points in their lives. If this practice becomes the norm, then it creates the space for generating wealth in one’s lifetime before retirement and provides the opportunity of building generational wealth within their family.
Acquire a skill
Outside of any type of formal education that one may acquire, young people need to identify a skill that they may develop and monetize. Relying on one source of income is no longer adequate for one’s survival. Having additional skills that can be monetized will help to diversify a person’s income streams and provide with greater opportunities to live a successful life. The acquired skillset can range from trade skills, to creative skills to anything in-between. Having a skill outside of their formal field of education and certification can help young people in the future.
Share this post: