I wanted to start off by providing some background on why I decided to start writing this blog.
For a start, I am sick and tired of Millennials being characterised as lazy, entitled, self righteous, avocado eating layabouts. Based on what I know, nothing could be further from the truth!
I have also had enough of the negative stories in the media about how millennials will never own a home, never afford to retire and how we will basically spend the rest of our lives struggling to make ends meet before we shuffle off this earth just to get a break from it all.
These stories are not helping anyone and create a self fulfilling prophesy. If millennials are being fed a story that they wont ever be able to retire, then this will become their mindset and their reality.
You only have to look at the news to hear stories of millennials already consigning themselves to working in jobs they hate until they are 90!
Something has to change!
I own a financial planning business in London and in my business I primarily help Baby Boomers manage their wealth and pass it down to future generations.
In fact, for most of my clients, the main thing they need help with is having the confidence to actually spend and enjoy the money they have accumulated over the past 30 years or so through rising property prices and soaring stock markets. What a problem to have!
The problem is, most Millennials are not in a position to afford this type of financial advice. They are too busy struggling with huge student debts and massive rent bills to think about adding financial advice to their list of expenses.
So does this mean that Millennials should give up on the dream of Financial Freedom?
I created this blog to help Millennials achieve Financial Freedom much faster than previous generations ever have.
I called the blog Millennial Mutiny because I believe that Millennials need to rebel against the status quo.
Who says you have to work for 10 hours a day in a cubicle doing work you hate so you can struggle to pay rent on someone else’s house?
Who says you have to accept working until you die?
Since I committed to Financial Independence and started my business 4 years ago, I have paid off over $25,000 in debt and saved over $300,000! All of this is because of a near death experience that changed my outlook on life forever (read more here).
In the aftermath of that experience I vowed to myself that I would achieve Financial Freedom as quickly as possible and only do work that I truly loved.
Now it is true that Millennials have higher property prices to contend with, lower wages and record levels of student debt, so you could argue that we are at a disadvantage to every previous generation.
This mindset doesn’t help anyone though. If we play the victim, and blame our situation on the world outside us, then we will never get anywhere.
I used to think like this. I used to blame everyone else for my money problems and I used to tell myself that once the economy improved or property prices fell that I could achieve Financial Freedom, but this is all baloney.
After I nearly died, I decided to put my fate back in my own hands and stop blaming everyone else for my problems.
I quit my job and started my first business, which I had wanted to do since I was about 8 years old – what the hell was I waiting for?
I started to change my behaviour around money and started to make money work for me, rather than me working for it!
I’m on a mission to achieve total Financial Freedom (see what I mean by this here) and I want to help as many Millennials as possible get there too.
I am also a massive fan of setting goals and accountability. By publishing my goals, successes and failures here, you, the community, can hold me accountable and call me out if I slip off track.
On this blog, I will share some of the experience of the Baby Boomers whom I work with every day. Most of my clients are in the top 0.1% in terms of wealth and the thing is that none of them are what you would call ‘special’ people (no offence intended).
None of them have inherited loads of money or won the lottery. None of them has founded a tech start-up that they sold for millions.
No – most of my clients have accumulated their wealth through budgeting, having a high savings rate and investing wisely.
I believe Millennials can learn a lot from the Boomers when it comes to money. I also believe that Boomers can learn a lot from Millennials, but that’s for another post.
With all this said, I believe that the financial world today is very different from how it was when the Boomers were our age.
You won’t find any ‘hot trends’ or Bitcoin investing advice here, what I aim to provide is a proven and sustainable path to help Millennials reach Financial Freedom.
I will draw on my experiences as a Chartered and Certified Financial Planner, but also adapt this advice to suit the Millennial Generation.
I believe that Millennials are the most innovative, exciting, world changing generation in history and we have a great future ahead of us.
We also have tools and resources that the Boomers didn’t when they were growing up. The main one being the Internet. The internet is the key to Millennial Financial Freedom.
For starters, without the internet, you wouldn’t be reading this blog (or any of the other fantastic Financial Independence blogs out there).
The internet can also fast-track your Financial Freedom. If you truly harness the power and reach of the internet, I believe anything is possible.
The path to Financial Freedom will probably not be ‘easy’, there will be trials and tribulations along the way, but, by gosh, it is a path worth following.