The generation known as the Millennials are often thought of as entitled, lazy, and ignorant about many facets of everyday life. People from older generations often believe people in this age category live in their parents' basements and work part-time jobs while spending most of their times playing video games or browsing social media. While these broad characterizations are largely false, it is true that Millennials sometimes struggle with tasks that older generations take for granted. To learn what they need to know, people from this generation may find it helpful to hire a Millennial life coach.
In reality, these so-called coaches specialize in teaching people in their 20s and 30s multitudes of tasks associated with living independently. For starters, they teach the finer points of handling money. Studies have shown that Millennials struggle with everything from managing a checkbook to paying bills on time. Their coaches provide them with the foundation of solid money management so they can become independent adults.
For example, many people in this generation have never been taught to balance a checkbook. With more people using debit or credit cards to pay for things, they never think to look at their own accounts and make sure their banks are taking out the right amount of money. They sometimes lose money from their accounts or never realize they are accruing interest and cash back rewards. Coaches show them how to manage money as well as save it.
Coaches also teach pupils to save money to put in a savings account or toward retirement. For some people in this generation, they have never heard of the rule of saving 10 percent of their income each time they get paid. They spend all of their money instead of putting some up in case of emergencies or for later uses like retirement.
One of the tasks they may have to accomplish during their coaching involves opening a retirement savings account. This could be a 401k, Roth IRA, or another tax-exempt account. They then are instructed to put ten percent of whatever they earn each pay period into that account. They are told the money will come in useful for emergencies like car repairs, medical expenses, or retirement later.
People of the generation are also relatively ignorant about investing. They figure investing is for people who make large sums of money or wealthy individuals who come from old money families. The idea of opening an investment account frightens some of them because of how difficult it seems.
Their coaches show them the basics of opening an account, finding stocks to invest in, and selling or buying new stocks as the market fluctuates. They can often achieve this without hiring a stockbroker to handle their accounts for them. There are websites set up for this purpose.
Navigating adult society is sometimes trickier than it looks for people of the Millennial generation. They grew up without many important life lessons at their disposal. They are just learning about them now by hiring a life coach who guides them through basic lessons in adulthood.
In reality, these so-called coaches specialize in teaching people in their 20s and 30s multitudes of tasks associated with living independently. For starters, they teach the finer points of handling money. Studies have shown that Millennials struggle with everything from managing a checkbook to paying bills on time. Their coaches provide them with the foundation of solid money management so they can become independent adults.
For example, many people in this generation have never been taught to balance a checkbook. With more people using debit or credit cards to pay for things, they never think to look at their own accounts and make sure their banks are taking out the right amount of money. They sometimes lose money from their accounts or never realize they are accruing interest and cash back rewards. Coaches show them how to manage money as well as save it.
Coaches also teach pupils to save money to put in a savings account or toward retirement. For some people in this generation, they have never heard of the rule of saving 10 percent of their income each time they get paid. They spend all of their money instead of putting some up in case of emergencies or for later uses like retirement.
One of the tasks they may have to accomplish during their coaching involves opening a retirement savings account. This could be a 401k, Roth IRA, or another tax-exempt account. They then are instructed to put ten percent of whatever they earn each pay period into that account. They are told the money will come in useful for emergencies like car repairs, medical expenses, or retirement later.
People of the generation are also relatively ignorant about investing. They figure investing is for people who make large sums of money or wealthy individuals who come from old money families. The idea of opening an investment account frightens some of them because of how difficult it seems.
Their coaches show them the basics of opening an account, finding stocks to invest in, and selling or buying new stocks as the market fluctuates. They can often achieve this without hiring a stockbroker to handle their accounts for them. There are websites set up for this purpose.
Navigating adult society is sometimes trickier than it looks for people of the Millennial generation. They grew up without many important life lessons at their disposal. They are just learning about them now by hiring a life coach who guides them through basic lessons in adulthood.
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Get a summary of the things to consider when picking a life coach and more information about a knowledgeable millennial life coach at http://www.guidinglifecoaching.com/about now.
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