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.
But what do these coaches really do and are they worth hiring for this purpose. Statistically, Millennials are lacking in money management skills, for example. Coaches have proven successful in teaching even the smartest of this generation how to handle basic money management tasks like balancing a checkbook or paying their bills on time. They learn to control their own money so they do not have to rely on their parents.
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.
Saving money can be particular important for Millennials. They are statistically behind Generation X when it comes to putting up savings for retirement or emergency purposes. Moreover, the concept of saving 10 percent of what they earn is entirely foreign to many of them. Coaches instruct them on the finer points of saving cash.
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.
Millennials are also statistically behind other generations when it comes to investing. Many of them are not aware of the finer points of investing. They are too afraid to venture into the stock market simply because they do not know what it takes to open an investment account.
In fact, websites exist where you can open your own account for mere dollars down. Once these accounts are open, you have the leeway to trade and buy stocks at your leisure. You also get access to commodities, bonds, and CDs once you accrue enough money.
A life coach can help Millennials learn the basics of navigating adult life. They teach people basic lessons like saving money, paying rent, and investing. These lessons help people become independent and no longer afraid of venturing out on their own into the adult world.
But what do these coaches really do and are they worth hiring for this purpose. Statistically, Millennials are lacking in money management skills, for example. Coaches have proven successful in teaching even the smartest of this generation how to handle basic money management tasks like balancing a checkbook or paying their bills on time. They learn to control their own money so they do not have to rely on their parents.
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.
Saving money can be particular important for Millennials. They are statistically behind Generation X when it comes to putting up savings for retirement or emergency purposes. Moreover, the concept of saving 10 percent of what they earn is entirely foreign to many of them. Coaches instruct them on the finer points of saving cash.
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.
Millennials are also statistically behind other generations when it comes to investing. Many of them are not aware of the finer points of investing. They are too afraid to venture into the stock market simply because they do not know what it takes to open an investment account.
In fact, websites exist where you can open your own account for mere dollars down. Once these accounts are open, you have the leeway to trade and buy stocks at your leisure. You also get access to commodities, bonds, and CDs once you accrue enough money.
A life coach can help Millennials learn the basics of navigating adult life. They teach people basic lessons like saving money, paying rent, and investing. These lessons help people become independent and no longer afraid of venturing out on their own into the adult world.
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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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