Posted by In the popular rap music born in the 80s and 90s, there are often lyrics that boast about their exaggerated consumption habits.But in fact, the post-80s and post-90s generations know very well about the careful calculation of "money"——41% of young Americans not only save some money every month, but there are more people born in the 80s and 90s in their retirement accounts.This is very different from Americans born in the 1960s to 1980s, and baby boomers.
Wow? !Young Americans are saving money?
Nevertheless, there are still a large number of post-80s and post-90s, rightHow to manage their moneyThis problem is confused, which also brings great pressure to them.
according toNorthwest ReciprocityAccording to the statistics, only 40% of young Americans think they can figure out the question of "how much money can be spent" and "how much money can be saved".
At the same time, 78% of post-80s and post-90s are still sandwiched between "how to maintain current expenses" and "how to save money for the future," and feel pressured. (For example, to pay off oneselfStudent loanWhat?Or use the money to make it for the kidsEducation fund savings）
In addition, the society's impression of the post-80s and post-90s is still on the images of young people consuming a cup of expensive coffee without thinking, or posting a $10 slice of avocado toast on Instagram.
But the reality is,Many young people living in the U.S. are super-saving. Many post-80s and post-90s even feel that they owe themselves too much-data shows that even if we understand in our hearts that we can actually afford it, 29% of them are still very concerned about spending money. Will feel nervous and uneasy.
Xiaobian's mood at this time
Compared with middle-aged or elderly people in society, young people born in the 80s and 90s have limited life experience.But the positive side is that we have enough time to learn to solve these problems.But if you are in the dilemma of "saving money" and balancing "expenses", then the help of professional industry experts can put you on the right track.
A Guide to Managing "Money" Needed by Post-80s and Post-90s
Many people believe that only millionaires need professional financial advisors.But the fact is that professionals in financial, financial, and insurance-related industries belong to the service industry. The younger and the earlier they use these social services, the more likely we are to benefit in our lifetime.This has nothing to do with whether there is money, whether it is rich or not, but a process of ideas and actively learning new things.
But we definitely do not look for any stale "industry experts".Today, there are many "senior" practitioners in the wealth management industry. They feel the threats posed by new things and new technologies and unconsciously resist them.However, for those born in the 80s and 90s, the world and society have undergone drastic changes between two generations. The new world is already a part of our lives.
Therefore, if you plan to seek help from the financial management industry, you must ask the following questions before making a decision:
- What name do you charge for? Financial advisors usually make money through commissions or charging a certain percentage of asset management.Generally, the latter is better for us as customers.Either way, and regardless of their title, you should look for consultants whose fees are open and transparent.
- Are you qualified as a trustee? Financial consultants with trustee qualifications must put the interests of clients above their own.Therefore, not all financial experts have this qualification.Choose an adviser who adheres to the trustee standard, so that we will be less likely to buy an investment product that helps financial advisers make money instead of helping you make money.
- How risky is the investment product you recommend? There are no risk-free investment products in the world, and any financial adviser who emphasizes that there is no risk to you is not honest enough and is not worth entrusting your business.
- How often do you communicate with your customers? Financial management is a long-term process. Even if we outsource this matter to a professional practitioner, the money is our own after all and we need to pay attention to it regularly.This is why we should choose a financial consultant who will communicate with us regularly, and will constantly adjust and arrange new financial management plans according to the different ages of our growth.
Article summary
Many of the younger generation of Chinese born in the 80s and 90s have established the concept of financial management since they were young, and actively learn new things. The concept and way of managing "money" may be different from those of the previous generation.The younger and the earlier we use these related professional services, the more likely we are to benefit in our lifetime.
When it comes to seeking professional help, we often get recommendations from friends and neighbors. This is a good way to find a reliable financial adviser.But despite this, in dealing with the issue of "money", we still need to raise the above questions to ensure that it is in our interests.
(American Life Insurance Guide edit)
