Millennials are the next age to produce or start to produce their plan for wealth or plan for life and how they plan on living it.
So, the real question comes down to what are your true priorities in life and how to get your mind and lifestyle right so that those priorities are more secure in your life.
Now, I will tell you that if you plan on just partying it up or don’t have the motivation to make a name for yourself or family, then this might now be the right place for you.
The main thing for investing is really to have as many plans or even ideas for your life as possible, even if there are thousands of skills that you may have, write them all down and then pick the ones that mean the most and make a career about your idea if there is not one already. Now, this is just for the entrepreneurs out there or even philanthropists.
For millennials, the key to invest is to make risks and to take every opportunity that is given to you, even if it’s a door-to-door sales position, this is actually the best way to converse with people and to get more comfortable with doing business.
But, with risky investing for Millennials in this day of age, there is more time to make a success out of your investments than to learn later down the road and waste time when you could be making money from your money that is hard earned.
In this lesson, I am going to talk about a few good ways to invest for the Millennial Era and giving definitions to each.
First, we have the more common, stock trading or equity trading, which is a person or company that is involved in trading equity securities(stocks).
You can learn more about this with various different free courses on the internet or even through youtube, which is where the main traders will post free lessons on how to learn the secrets to financial freedom or just an extra income.
The last strategy that will be discussed in the section will be retirement plans such as a 401k, IRA, Self-Directed-IRA or other forms.
Retirement plans are mainly managed by a company that invests your money so that by the time you reach your retirement age, you will be ready to live the remaining years without having to worry about your finances, but the average retirement age is 59 1/2, so that faster you get to retire, the more time you will have to enjoy.
In the next section, I will go into other different forms of investing and after, we will go through in depth of all of the ways to invest.