How can we empower Gen Z and even Gen Alpha to take control of their financial futures? As my guest Rachel Rodgers explains in her new book, Future Millionaire: A Young Person’s Step-by-Step Guide to Making WEALTH Inevitable, we need to throw out the old rules and create new ones for this very different world they’ve just entered.
Rachel, who also wrote the book We Should All Be Millionaires, shares that we need to be more open and transparent about the real economic struggles young people face today, how side hustles are becoming an essential addition to any job, and how having a positive mindset and practicing self-care to avoid burnout and foster personal growth is key for any financial plan to work.
Takeaways
- Gen Z faces significant economic challenges compared to previous generations.
- Recessions do not have to hinder dreams and aspirations.
- It’s essential to have a financial plan that adapts to current realities.
- Side hustles can provide financial freedom and enjoyment.
- Mindset plays a crucial role in achieving financial goals.
- Surrounding oneself with supportive people is vital for success.
- Creating a community can help foster ambition and growth.
- Young people should focus on their strengths when choosing side hustles.
- Belief in oneself is necessary for achieving financial success.
- It’s important to take action and create opportunities for oneself. Show up to places where you feel aligned with values.
- Find common ground to spark conversations.
- Pay attention to your money regularly.
- Brainstorm ways to earn more money weekly.
- Start investing with small amounts to build confidence.
- Self-care is about making intentional choices.
- Surround yourself with people who inspire you.
- Recognize your skills as your greatest asset.
- Take calculated risks to build wealth.
- Empower yourself to create your own future.
Things I Mentioned in the Episode
- Grab a copy of Rachel Rodgers’s book Future Millionaire.
- I’m giving away copies of all the books featured in this season of the podcast! To enter, visit jessicamoorhouse.com/contests
- My free resource library, where you can find budget spreadsheets & more!
- Apply to enroll in my investing course Wealth Building Blueprint for Canadians
- Check out my shop!
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