I was thinking for sometime about why lots of young adults(the 20-35 age bracket)are always depress with their lives.
In an office or workplace, you can easily see who are those people who are not satisfied with life thus they tend to spend lots of time partying out every weekend only to have headache the next day. Others will be ranting in their social networks or with their group of friends about how bored they are and wanted a change. Others on the other hand are complaining about how much they earn and think of why life is so tiring.
Problems exist in life because if there are none we won’t have a life. Problems are there for us to solve and not to stare at and wait for it to move on its own.
Now why does a personal finance and stock investment blogger like me is writing about this?
Well one of the problems that young adults of today face is about their finances. Yes, even if this age group is the working or the salaried group having enough to support the kind of lifestyle they want to live is not met due to not having enough finances to do so.
Besides not having enough, another problem is the lack of defined goal in life. Lots of young adults in their early years dream of only having one thing like having a dream car, a dream job, able to make that dream vacation, and the like. They all dream when they were still in high school and passing the math exam is the hardest for them in life. Now come their working years. Are they able to fulfill those dreams they have back in high school? Some may have and move on but the rest are still dreaming instead of setting a solid goal. That makes a huge difference.
To be able to achieve, one has to plan and that plan leads to one’s goal. If you keep on dreaming and not make that plan on how to buy that dream car, how to make that dream vacation somewhere you won’t make it. Planning might be the hardest subject you have now in your young adult years but it is the best stage in life to prepare for nearly everything. At this age you are now able to make decisions on your own and be able to generate the funds you need through your employment.
Another problem of young adults is lack of creativity. Unlike when still younger, these group are always comparing themselves against the highest standard which foils their creativity. The simple ideas that needed just a little push gets shelved and locked in the closet because there is something better out there.
So how will you, the young adult of today, solve this so that you will live financially free and fulfilled?
Let’s start with your finances.
If you are already aware saving now is one of the greatest means of building your finances. But saving alone limits how much you can save that is why you got to make that savings work for you. Putting it in a bank would be your most likely choice to grow that money but at this era there are now several ways to do such. You can put it in a higher yielding time deposit, investment in stocks or mutual fund, or in a small business.
Having a small business is one of the most talk about way of really having more but let me warn you of a blind side of thinking that this would really change your life. Starting your own small business right away, that is quitting your job to focus on the business, is a wrong move. Many unfortunate fellows whose start-up foiled got depress and never really got back up to their feet. No business is easy to put up specially if you lack the know how on how to start and run it. So to make it work one has to do it in small steps and while doing that I suggest that you don’t quit your job yet.
Start with a sideline. If you have a good eye and a great DSLR camera why not make money out of your hobby on weekends or on specially occasion by appointment. That way you get to shoot not only two but three birds at one stone. You get to earn extra income, get to pick up know-how about the business you wanted, and at the same time enjoy your hobby(for further reading on investing in your hobby click here).
Now to the second problem: to come up with a plan one has to make an inventory of oneself to decide where you stand now. Knowing how much you have and how much more you needed will help you decide what you should work on; that becomes your plan. To have a clear picture of what you wanted to do which others calls visualization makes it easier and “doable” as they say.
Now with a plan at one hand and an extra source of income at the other who couldn’t say you have been creative? With the two problems solved you were able to solve your creativity problem. The best way to be creative is to know really the problem because the problem itself is an opportunity to be creative(I think I sound beating around the bush there).
So again let us recap how would you, the young adult of today, solve your problems:
|Financial||Save, invest, start a sideline as a source of extra income|
|No goal||Make an inventory of what you already have and what you need to work on|
|No creativity||Look at the problem and find ways to beat it|