The Financial Challenges of Millennials
The problem most people have when it comes to saving — aside from how boring the whole idea sounds — is having too many big goals. Everybody wants everything. You may want a new car, but you need to pay off your student loans and save for a down payment on a house too, and then there’s the emergency fund and the 401(k).... It’s tempting to just blow it all on tickets to Hawaii. But getting a grip on what your goals are and how to meet them is actually liberating. Instead of worrying about how you can possibly save enough, you come up with a plan to get what you want and need the most and maybe one goal at a time.
Joining us for our discussion on The Financial Challenges of Millennials is Douglas Boneparth, who is in New York City. Douglas Boneparth is a CFP and a MBA. After watching his wife and friends struggle through The Great Recession, Douglas Boneparth wanted to invest in his peers regardless of whether they could invest in him. He founded Bone Fide Wealth, LLC, a boutique wealth management firm that specializes in helping Millennials achieve their goals. His new book is The Millennial Money Fix. Welcome to Mastering Your Money, Douglas Boneparth.
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