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5 Ways Millennials Can Start Building Their Future Today

5 Ways Millennials Can Start Building Their Future Today

There has been a lot written about the way millennials are approaching the world of work in a very different manor to previous generations. We tend to place a strong emphasis on making sure that we work simply to enjoy life to the fullest, rather than only working to live, and you will often hear many people talking about wanting to live only in the now.

These are positive ideals that I very much subscribe to, but aside from being millennials, we’re also known as Generation-Rent thanks to the way our carefree attitude to life and finances in general mean that many of us will never get to own our own home. This is as much to do with our generation being priced out of the market as it is a question of choice, but this one example doesn’t bode all that well for our long-term futures.

I have zero interest in being the killjoy who tells everybody to get serious and get to work, but I do think there are a number of little things that we could be doing now in order to better prepare ourselves for a slightly more prosperous future.

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1. Get a Roommate

If you’ve already got one, cool, but for many people the moment you move into your own flat is a seminal one that proves you’re now a fully-fledged adult with your own established place in the world. This is awesome, well done, but is it really all that important for you to be living alone right now? I am very guilty of having gone down this same route. I have paid a high price for it, and looking back I realise that I would have saved a lot of money if only I had continued to live with friends.

Even if you aren’t ready to ditch your independence completely, there has never been a better time than now for you to rent out a spare room via Airbnb in order to save some extra cash. This is never more true than when you go on holiday and your home is just left sitting there completely empty. Not only are you blowing all your cash on a good time in Ibiza, but you’re paying the rent too. Rent it out and pass that cost onto somebody else. Doing so should at least cover your drinks’ bill.

2. Turn Your Blog Into a Business

Our generation is able to benefit from technology in ways never previously accessible to our parents and grandparents. The internet may waste almost as much of our time as it does provide us with amazing opportunities, but this is something we really have to turn to our advantage. This is especially true for those people who run their own blogs.

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You might think of your blog as not much more than a hobby where you post your writing, art, photography, or any of the other things that resonate with you personally, but this passion could be something that you could turn into a little cash. Advertisers may be interested in buying space on your page if you’re attracting a lot of daily traffic.

And if you’ve got unique content on there that could be turned into merchandise, there might just be a market willing to buy from you. This could get a little complicated and involve a bit of training and some ecommerce CRM software to make this transition a reality, but the long-term rewards will be well worth the hassle.

3.  Be Money Smart

One of the big problems for many people is not that they don’t have any money. It is more often the case that they just don’t manage it well. When you live hand to mouth it is hard to think about saving, but it’s even harder to do this if you just bury your head in the sand and don’t think about it all.

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Aside from trying to work out little ways in which you could budget and save money each month, you should also review all of your financial arrangements. Banking is a business just like any other. You might be perfectly happy with your bank and credit card, but are they really giving you the best market deal? Chances are you probably have no idea.

You might not be able to pay off your credit card over night, but in a few clicks you could very well move all your debt over to a card where for the next year or more you will have 0% interest on the balance you moved.

4. Learn a Second Language

Budgeting and money saving where you can are great ways to build up a little nest egg but so too is education. If you can promote yourself as being bilingual on your CV, there is a good chance that this will make your odds of getting a new job significantly better. Langue learning via a school or an academy can be quite time consuming and expensive, but there are a number of cheaper ways to go about this.

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In many big cities there are often “intercambio” opportunities where you can find people who want to meet up over coffee and spend half the time speaking in their language and the other half in yours. This is great for those people who already have a base knowledge and want to push on. And for absolute beginners there are lots of free resources online which you can use to get started.

5. Buy a Bike

For city dwellers and those that commute from the outskirts each day, travel costs can take up a high percentage of your monthly outgoings. By investing in a decent second-hand bike, or even a cheap brand new one, you’ll not only save money in the long run, but you’ll be improving your health and saving the environment as you do it.

Many major cities understand how beneficial having a bustling bike culture is with extensive bike lanes and low-cost bike share services being a fixture of places like Barcelona, Paris, New York and London. Even if your own city doesn’t have these kinds of luxuries, there’s no reason why you can’t saddle up anyway in order to start saving some money.

Featured photo credit: http://getrefe.tumblr.com/ via 67.media.tumblr.com

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Last Updated on July 27, 2020

7 Ways to Make Life Changing Decisions

7 Ways to Make Life Changing Decisions

Most people don’t know the profound effects of making life decisions. Often times, we go through life oblivious to what thoughts we are thinking and what actions we are taking. Every single decision we make in our days shapes our current reality. It shapes who we are as a person because we habitually follow through with the decisions we make without even realizing it.

If you’re unhappy with the results in your life right now, making the effort to changing your decisions starting today will be the key to creating the person you want to be and the life you want to have in the future.

Let’s talk about the 7 ways you can go about making life changing decisions.

1. Realize the Power of Decision Making

Before you start making a decision, you have to understand what a decision does.

Any decision that you make causes a chain of events to happen. When you decide to pick up a cigarette to smoke it, that decision might result in you picking up another one later on to get that same high feeling. After a day, you may have gone through a pack without knowing it. But if you decide not to smoke that first cigarette and make a decision every five minutes to focus your attention somewhere else when you get that craving, after doing this for a week, your cravings will eventually subside and you will become smoke-free.

But it comes down to making that very first decision of deciding whether or not to pick up that cigarette.

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2. Go with Your Gut

Often times, we take too much time to make a decision because we’re afraid of what’s going to happen. As a result of this, we go through things like careful planning, deep analysis, and pros and cons before deciding. This is a very time consuming process.

Instead, learn to trust your gut instinct. For the most part, your first instinct is usually the one that is correct or the one that you truly wanted to go with.

Even if you end up making a mistake, going with your gut still makes you a more confident decision maker compared to someone who takes all day to decide.

3. Carry Your Decision Out

When you make a decision, act on it. Commit to making a real decision.

What’s a real decision? It’s when you decide on something, and that decision is carried out through action. It’s pointless to make a decision and have it played out in your head, but not doing anything about it. That’s the same as not making a decision at all.

If you want to make real changes in life, you have to make it a habit to apply action with your decision until it’s completed. By going through this so many times, you will feel more confident with accomplishing the next decision that you have in mind.

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4. Tell Others About Your Decisions

There’s something about telling other people what we’re going to do that makes us follow through.

For example, for the longest time, I’ve been trying to become an early riser. Whenever I tried to use my own willpower, waking up early without falling back asleep felt impossible. So what I did was I went to a forum and made the decision to tell people that I would wake up at 6 AM and stay up. Within two days, I was able to accomplish doing this because I felt a moral obligation to follow through with my words even though I failed the first time.

Did people care? Probably not, but just the fact that there might be someone else out there seeing if you’re telling the truth will give you enough motivation to following through with your decision.

5. Learn from Your Past Decisions

Even after I failed to follow through my decision the first time when I told people I was going to wake up early and stay up, I didn’t give up. I basically asked myself, “What can I do this time to make it work tomorrow?”

The truth is, you are going to mess up at times when it comes to making decisions. Instead of beating yourself up over it, learn something from it.

Ask yourself, what was good about the decision I made? What was bad about it? What can I learn from it so I can make a better decision next time?

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Remember, don’t put so much emphasis focusing on short term effects; instead focus on the long term effects.

6. Maintain a Flexible Approach

I know this might sound counter-intuitive, but making a decision doesn’t mean that you can’t be open to other options.

For example, let’s say you made the decision to lose ten pounds by next month through cardio. If something comes up, you don’t have to just do cardio. You can be open to losing weight through different methods of dieting as long as it helps you reach your goal in the end.

Don’t be stubborn to seek out only one way of making a decision. Embrace any new knowledge that brings you closer to accomplishing your initial decision.

7. Have Fun Making Decisions

Finally, enjoy the process. I know decision-making might not be the most fun thing world to do, but when you do it often, it becomes a game of opportunity.

You’ll learn a lot about yourself on the way, you’ll feel and become a lot more confident when you’re with yourself and around others, and making decisions will just become a lot easier after you do it so often that you won’t even think about it.

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Anything you decide to do from this point on can have a profound effect later on. Opportunities are always waiting for you. Examine the decisions that you currently have in the day.

Are there any that can be changed to improve your life in some way? Are there any decisions that you can make today that can create a better tomorrow?

Final Thoughts

Some decisions in life are harder to make, but with these 7 pieces of advice, you can trust yourself more even when you’re making some of the most important decisions.

Making a decision is the only way to move forward. So remember, any decision is better than none at all.

More Tips for Making Better Decisions

Featured photo credit: Justin Luebke via unsplash.com

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