Personal Finance

Portfolio

Watch List

Baystreet School

Prime Rates

GIC Rates

Deposit Account Rates

Compare Mortgage Rates

Compare Credit Cards

Millennials: It’s Easier Than Ever to Get Wealthy

If you ever want to get in the middle of a truly nasty fight, forget about the UFC octagon. Just get between a group of millennials and a group of baby boomers who both think the other generation is the worst one ever.

Many millennials are convinced they’ve got it rough, pointing at evidence such as high housing costs, large student loans, and the number of good jobs available 30 years ago, even to college dropouts.

But these arguments also conveniently ignore the advantages to being young today. It’s much easier to keep in touch with friends from around the world. It’s also easier to get remote work. And there are tiny computers in everyone’s pockets that can easily access the sum of mankind’s knowledge.

It’s much easier to learn anything today. Curious about a topic? You can start learning about it in seconds. There are thousands of courses available online.

It’s also easier to live overseas. The world is filled with bloggers, freelancers, and programmers who are able to make a living while living on a beach in an exotic country. Or they can choose to relocate to a city with lower housing costs. It’s an easy way to get ahead.

Millennials who truly embrace today’s reality will end up doing well. It’s easier than ever to start a business, to improve yourself, or to earn extra cash. Most don’t want anything to do with that stuff, which thins the playing field for folks who are truly trying to get ahead. Embrace that attitude, work hard, and wealth will follow