Millennials Already Know How to Get Richer
Don’t follow what our boomer parents did.
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Boomers laugh at millennials for eating avocado on toast.
It’s not that funny. I mean avocado is bloody healthy. And actually, most millennials like me don’t go to cafes and eat bottomless plates of avocado on toast. Cafes don’t have all-you-can-eat buffet options like Sizzler did, you know.
Millennials don’t really worship the whole get-rich-quick idea. When we think of rich, what we mean is free. Free from the shackles of a cubicle. Free to say and do whatever we want. Free to spend our time how we please.
Millennials get drunk on the idea of free time, not $100 bills.
I’ve spent a lot of this year talking to my parent’s boomer generation about money. I wanted to understand whether they think the world has changed, since 2020 turned our financial system upside down and enabled trillions of dollars to be created out of thin air to fund one of the most difficult times in human history.
Stay away from the bricks of infatuation
Millennials are tired of real estate. It’s literally the last thing in the world we want to own. It requires a great big deposit to get the loan, and a lifetime of debt that keeps us awake at night.
The digital nomad movement has nothing to do with selfies on the beach. Digital nomads are quietly protesting against stupidly high real estate. So they travel around the world to the cheap places my parent’s generation hasn’t been able to hype up and cause people to over-invest in. Makes sense.
My parent’s generation gets all warm and moist when they think about real estate. The thought of a floor plan complete with open-plan living just gets their blood pumping. They’re romantic about real estate. Their love affair has made housing affordability screwed for us millennial normies.
Combine the real estate lovefest with traditional banking that doesn’t understand freelancing, side hustles, the gig economy, contracting and consulting, and you’ll see why millennials hate real estate even more.
I spent a lifetime in banking. If I walk up to their marble foyer right now and ask for a loan as a…
