Turning Millennials into Millionaires

The secret to finance? Pay attention. Seriously, that seems to pretty much cover it if you’re willing to act according to your observations. For instance, take this article I just stumbled across. If millennials are just willing to pay attention (and adhere) to their budget, they will put away enough money to become a millionaire on retirement. For more information, please proceed to aforementioned article.

Using Social Media to Millennial Advantage

Millennials are time and time again accused of a lack of attention span, an inundation with technology and an obsession with social media. Yet, what is often neglected is that these very characteristics could be viewed as positive attributes. In fact, social media in particular presents a phenomenal opportunity for growing these young men and women’s career, enhancing their professional reputation, and cultivating their corporate/client relationships.

As Millennials trail-blaze their way into a professional future saturated with digital media and technology, here are a number of things they should keep in mind:

Focus on the long-term.

As they say, “content is king,” and cultivating a long-term relationship rests upon this very notion. By providing value to your digital audience, you are forming an organic relationship with what will be your loyal customer base. If you merely reach out to ask for referrals or advertise mediocre specials, you will lose the interest of your online following and thus reduce your potential customer base.

High-quality, informative and engaging content is what will naturally drive customers to your brand and is what will keep them coming back. Give your customers (or professional network) something they legitimately want to read, and they will keep returning to the source (you) for more.

Maintain professional social media profiles.

Just in case you haven’t already taken care of this, make sure you have created and are maintaining a professional online presence. LinkedIn and Twitter are both fantastic platforms for increasing your digital exposure and refining your professional brand. As you increasingly post informative and engaging content, you will be adding to your image as a ‘thought-leader’ in your industry, which will in turn bolster your overall image.

Stay relevant.

Keep your finger on the pulse of the online community to ensure you are writing about things and engaging with trends that have traction behind them. You can increase your digital audience by writing things people want to read, but the only way to write thing people want to read is to see what they are already reading somewhere else. Websites like Right Relevance and even the Google News add-on are wonderful tools for seeing what the internet is discussing, interacting with, and commenting on. Take advantage.

In today’s day and age, social media is a fundamental aspect of building, refining, and perfecting your professional image. There is no excuse to not grow your online brand along with your career. In fact, your career itself may very well depend on it.

Saving in the Modern Age

Alec Shklyar, Finance, Money, SaveAmerican spending habits are being increasingly questioned as the saving rates of many citizens continue to plummet. In fact, the St. Louis Federal Reserve releases data every month on personal household savings rates. In 7/2016, the savings was a measly 5.7%. To put that into perspective, the rate just 50 years ago was literally double that.  

Just as well, the vast majority of other industrialized nations have a higher personal savings rate than the United States of America. Considering the standard quality of life in America is significantly higher than many other developed nations, there is a clear disconnect between how much Americans are making and how much they’re spending. In this vein, it has come to light that although Americans should be saving between 10 and 15% of their annual income as a rule of thumb, an astounding 7/10 Americans have less than $1,000 in savings.

This sort of savings illiteracy is only becoming more pervasive and more impactful. Thus, we need to take a stand and reverse the trend. In order to do so, here are several helpful hints for living a financially responsible life:

Use the internet for budgeting—throw paper to the wind:

In recent years, the technological boom has molded nearly aspect of society, budgeting tools included. There is an abundance of free online tools men and women can use to plan their budgets, see where they can save, and form an easy-to-adhere-to savings plan. Generally, it comes up with a dollar figure based on the dollar amount you earn or the percentage of earned income you want to put away. In just a half hour, you could have the financial plan that will bring stability back into to your life.

Associate with other fiscally responsible individuals.

Jim Rohn said we are the average of the five people we spend the most time with, and our finances are certainly not excluded from this broad but accurate analysis. If your friends and family are also trying to put away money and are also invested in their own fiscal well-being, then you, by extension, will be more likely to save successfully.

To this end, if you live alone, I suggest meeting up with a group of others who are striving to save some cash. This way your goal becomes more attainable and you are able to witness others gain the budgetary discipline you want, which makes it more realistic, and thus, more achievable.

Stay S.M.A.R.T.

S.M.A.R.T. stands for:


Saving money is difficult, and it’s nearly impossible without having the proper goals in purpose. They need to be objective so you can hold yourself accountable, and the only way your budgeting goals can be objective is if they’re quantified and adhere to the above parameters.

Remember—the only person who suffers from a lack of savings is you. Take care of your future self the way you deserve.

11 millennial money-saving ideas so teeny-tiny they might actually work

It’s so tiny (crazy?) that it just might work. I recently stumbled across this awesome article with some unique but insightful ideas on how the younger generation can make some money despite a smaller entry-level salary. For a good read, click here!

Here’s What Makes Gen Z and Millennials Happiest in the Workplace

Finally! It seems that Millennials are not going to be the only ones talked about in the workplace. With Gen Zers making their first appearance in the workforce this year (at 22), it looks like there may be some slight differences in the office. For more information check out this article!

5 tips to better understand millennial managers

Millennials may get a lot of flak in the workplace, but that doesn’t necessarily mean it’s warranted. Sometimes it’s just a difference of opinion, and sometimes it’s just simple miscommunication. The next time you feel a generational conflict arise in your office, you should try to implement some of these quick tips and tricks to make the most of your relationship with your Millennial manager.

Budgeting Apps for Millennials

Technology continues to improve the way we do things in society. This is especially true with millennials as they are using technology to help stretch their dollars. Nowadays, smartphones and money management apps are simplifying ways for young adults to save money. Here are the top three apps you need to download ASAP!


This unique app continues to be a hot commodity in the app world. It is a person-to-person mobile payment app that can be extremely useful for millennials. The best part about this app is that it is free to download and use! Venmo makes it incredibly easy to exchange money between friends and family. It can be useful for splitting dinner bills, paying back rent money, food shopping, and more. Venmo is also very easy to get the hang of – all you have to do type your friend’s name in the search menu and enter the amount you want to pay or the amount of money you want to request if someone owes you.


This is app gives you an excellent visual of your expenditures. You have the opportunity to check out what you have spent money on over a course of a month, day, or week. Another thing to point out about this unique app is that you are even able to scan all your receipts and will it give you all the details of the purchase! This is a great time saver as you do not have to worry about losing paper receipts or have to worry about going to through the hassle of typing every detail of what you are spending.


Mint allows you to keep track of all of your finances regardless of which bank you use, and craft personalized budgets based on your income. It also gives you an in depth look at credit cards, student loans, and more. You are able keep to track of how much you spend on certain items last month, and decide how much you are able to spend on other necessities. This amazing app is easy to use and it is free!


Smart Money Moves for College Students

As a junior in college, I have realized it is a good idea to start making good financial decisions that can better myself in the future. After doing some research on my own, I have listed some ideas that I have learned that can definitely be beneficial for you now and long term.

Build a Credit History

It is extremely important to build a strong credit report and credit score. As a college student, I have realized how valuable financially it is to get started as early as possible. It is difficult to get a unsecured credit card because you will have little income and no credit history. However, I applied for a student credit card and a department store retail credit card. These are both great ways to build up your credit report since these cards have low credit limits. The limits will increase overtime as long as you are paying off your balance.

Work for Experience

Two summers ago, I interned at Main Street Renewal, a private company focused on buying, renovating, and leasing homes across the country. The company was located in New York City and it was such an incredible experience that I will never forget the rest of my life. The knowledge I gained from Main Street Renewal was so valuable that it will play large role in my future. I learned that when you are in school do not worry about how much money you make in either your internship, part-time job, or work study program worry about the knowledge and experience you will gain by working there. You have your entire life to work for a paycheck, use the time in college to explore the things you enjoy doing that can help you for your future.

Open an Online Savings Account

You do not earn too much money during your time in college, but it is still key to start saving money early on. The best way that I found that works is openings a savings account. I also learned that having automatic deposits from your checking account go into your savings account is very crucial because you do not have to worry about doing it on your own, it does it for you.