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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 June 19, 2019

6 Ways to Be a Successful Risk Taker and Take More Chances

6 Ways to Be a Successful Risk Taker and Take More Chances

I’ve stood on the edge of my own personal cliffs many times. Each time I jumped, something different happened. There were risks that started off great, but eventually faded. There were risks that left me falling until I hit the ground. There were risks that started slow, but built into massive successes.

Every risk is different, but every risk is the same. You need to have some fundamentals ready before you jump, but not too many.

It wouldn’t be a risk if you knew everything that was about to happen, would it? Here’re 6 ways to be a successful risk taker.

1. Understand That Failure Is Going to Happen a Lot

It’s part of life. Everything we do has failure attached to it. All successful people have stories of massive failure attached to them. Thinking that your risk is going to be pain free and run as smooth as silk is insane.

Expect some pain and failure. Actually, expect a lot of it. Expect the sleepless nights with crazy thoughts of insecurity that leave you trembling under the covers. It’s going to happen, no matter how positive you are about the risk you are about to take.

When failure hits, the only options are to keep going or quit. If you expect falling into a meadow of flowers and frolicking unicorns, then you’re going to immediately quit once you realize that getting to that meadow requires you to go through a rock filled cave filled with hungry bats.

2. Trust the Muse

Writing a story isn’t a big risk. It’s really just a risk on my time. So when I start writing a story, I’m scared it will be time wasted. Of course, it never really is. Even if the story doesn’t turn out fabulous, I still practiced.

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When I’ve taken risks in my life, the successful ones always seemed to happen when I followed the muse. Steven Pressfield describes the muse,

“The Muse demands depth. Shallow does not work for her. If we’re seeking her help, we can’t stay in the kiddie end. When we work, we have to go hard and go deep.”

The muse is a goddess who wants our attention and wants us to work on our passion.

If you’re taking a risk in anything, it’s assumed that there is some passion built up behind that risk. That passion, deep inside you, is the muse. Trust it, focus on it, listen to it.

The most successful articles and stories I write are the ones I’ve focused all my attention on. There were no interruptions during their creative development. I didn’t check my phone or go watch my Twitter feed. I was fully engaged in my work.

Trust the muse, focus your attention on your risk, let the ideas and path develop themselves, and leave the distractions at the side of the road.

3. Remember to Be Authentic

Taking a risk and then turning into something you’re not, is only going to lead to disaster. Whether you are risking a new relationship or new opportunity, you must be yourself throughout the entire process.

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How many times have you acted like you loved something just because the men or woman you just started going out with loved it?

For example, I’m not an office worker. I have an incredibly hard time working in a confined timeline (ie. 9-5). That’s why I write. I can do it whenever the mood strikes, I don’t have somebody breathing down my neck, telling me that I’m five minutes late, or missed a comma somewhere. I don’t have to walk on eggshells wondering if what I’m writing will get me fired or make me lose a promotion. I can just be myself, period.

One girlfriend didn’t understand that. She believed solely in the 9-5 motto, specifically something in human resources because that was a very stable job. I was scared for my future, but I stuck with the relationship because of my own insecurities and acted like I would do it to make her happy.

Here’s a tip: NEVER take away from your happiness to make somebody else satisfied (note I didn’t say happy).

Making somebody else happy will make you happy. Doing something to satisfy somebody is murder on your soul.

4. Don’t Take Any Risks While You’re Not Clearheaded

I’d been considering the risk for a couple weeks. It all sounded good. I was 22 and I could be rich in a couple of years. That’s what they were selling me, anyways.

One night, while at a house party with some friends, I found myself at a computer. A couple of my friends were standing nearby and asked me what I was doing. I told them I was considering starting my own business and it was only going to cost me $1,500.

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Of course, when a bunch of drunk people are surrounded by more drunk people, things get enthusiastic. It sounded like the best business venture in the world to everybody, including me. So I signed up and gave them my credit card number.

A few painful months and close to $4,000 dollars lost later, I quit the business. I was young and fell into the pyramid scheme trap. It was an expensive drunk decision.

Drinking heavily and making decisions has a proven track record of failure. So when you have something important to decide, don’t let your emotions take over your brain.

5. Fully Understand What You’re Risking

It was the start of my baseball comeback. I got a tryout with a professional scout and killed it. After the tryout, he talked to my girlfriend and myself, making sure we understood I would be gone for up to 6 months at a time. That strain on the relationship could be tough.

We understood. I left to play ball, chose to stay in the city I played in, and a year later we broke up. Not because of baseball, see point 3 above. Taking big risks can have massive impacts on everything in your life from relationships to money. Know what you’re risking before you take the risk.

If you believe the risk will be worth it or you have the support you need from your family, then go ahead and make the leap.

You can get more guidance on how to take calculated risks from this article: How to Take Calculated Risk to Achieve More and Become Successful

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6. Remember This Is Your One Shot Only

As far as we know officially, this is our one shot at life, so why not take some risks?

The top thing people are saddened by on their deathbeds are these regrets. They wish they did more, asked that girl in the coffee shop out, spoke out when they should have, or did what they were passionate about.

Don’t regret. Learn and experience. Live. Take the risks you believe in. Be yourself and make the world a better place.

Now go ahead, take that risk and be successful at it!

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Featured photo credit: Unsplash via unsplash.com

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