A lot is written about financial strategies for millennials, and with good reason. Despite the much-publicized entrepreneurial spirit of the current generation of young professionals, there are some very serious economic disadvantages that have fallen on the shoulders of the same group. Massive student debt, lack of access to retirements funds, falling wages, and scant job opportunities with concrete career paths are crippling millennials these days, no matter how much initiative they show to start their own businesses.
A lot of this can be chalked up to an inherent disadvantage. Every generation meets its own set of possibilities and misfortunes, and for millennials that is a particularly curious blend. They have more opportunity than any other modern generation to innovate and create their own jobs, but they also tend to start their professional lives already in the red. In many cases, that’s just how it is. But it’s important for millennials to remember that at least some of their disadvantages can be offset by something as simple as strategic financial planning and savings efforts.
That’s not to say sitting down and mapping out a budget on Excel can eliminate college debt or establish a savings fund. But by taking advantage of some of the following Read More →