As I explore different investment opportunities, I found myself wondering how many other millennials are considering their financial future. My thoughts are that millennials, and generations to come will have to take our financial retirement and financial security into our own hands. Our parents have to do it now as well. However there is still hope in the pension and 401 k plans they are invested in.
It may be my thoughts solely but it seems to me that there is less security in the masses. What I mean by that is by rising economically we are afforded more opportunities. Being financially wealthy isn’t just about nice cars, fine jewelry, big houses, and the lifestyle of the rich and famous. It’s also about better health care. Not the healthcare provided by a job or government but the kind that affords you a team of physicians on call dedicated to your health. Doctors that majority of us utilize has heavy caseloads with 50+ patients. They may see 50 patients in one day. We should aspire to have the wealth that grants our kids personalized education. And so many other things that can benefit our family. I was recently reading an article on banks that are too big to fail. During my read I couldn’t help but to think about the millions of families that are impacted by failing banks but also the measures that are put in place to save the banks in the form of taxes.
The American people, especially the people that I am around on a daily basis does not have bailout safety nets. We are our own fail proof plan. We have to empower ourselves to secure ourselves while we our physically and mentally healthy. There will be so many things that throw us off in life. We have to take advantage of the good times and put in the work while we can. If we don’t make it or something happens. At least we will have learned something new. Bettering ourselves mentally, physically, and financially will yield positive results. We have to ask ourselves what do we have to lose by doing those three things?