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Gen Z, This is How You Can Start Your Money Journey

Today, one of the trending words is “Marites,” which means Mare ano ang latest? Or a name assigned to people interested in the lifestyle of others.

It has positive effects on people’s lives and has adverse effects.

Do you love to read a very long story on a Facebook post about how they reached their dreams in life? Or a story of how they earn money.

Have you ever asked yourself how to earn money without any skill/s and capital?

Have you ever been enticed by guaranteed payouts?

Or simply a feeling that you want to earn, but you do not know how.

I understand! Who doesn’t want to earn money or reach their goals in life, right? 

As you can notice, there are a lot of videos on TikTok, Facebook, Youtube of ways to earn money, but due to the number of scams happening in our country, we no longer know the legitimate and fast way to make money. 

The “Hustle” Culture

Now that we are still in the pandemic, many people post their achievements to inspire people despite the unfortunate events every day.

But some people don’t get inspired by posts like this.

Do not get me wrong. There is nothing wrong with posting achievements.

But, the feeling of frustration, being left out, etc., with such posts are also valid.

In Dale Carnegie’s book How to Win Friends & Influence People, one of the best statements is, “Do you know someone you would like to change and improve? Good! That is fine. I am all in favor of it. But why not start with yourself? That is a lot more profitable than improving others.”

True right? Try to measure your time on social media watching inspirational posts and videos.

Rather than spending hours watching or reading inspirational posts about what you want to be, most of the time, it’s taking action that will get you where you want to go. Burning desire and action are the keys. 

It is also necessary to understand that we have our phase in our career, and we should not rush it to say that we have done it at a certain period. 

Nevertheless, we need to give ourselves time and effort to build and sustain the foundation of our abilities.

It is also frustrating nowadays that most people on social media have progress to share. Some have their first job at the age of 18-21, being a Dean’s lister and a part of a highly known organization, and even owning a successful business. 

It is frustrating that all people want progress, some may look like they had it instantly, and some have thoughts within themselves that they do not feel any improvement.

The “Real” Gen Z hustle

Have you ever watched videos that give a general background on earning money and that say “Follow for more content videos?” However, after a few or several videos about it, it seems like you are still lacking in its teachings, and the concrete step appears to be lacking how it will be fulfilled.

Watching such videos is a good practice because not everyone is eager to learn about a particular subject, and you should be proud of yourself because it is an achievement.

But suppose you already feel that it lacks lessons and concrete steps in fulfilling your dreams. In that case, you should upgrade your commitment to study by looking for books, YouTubers, and courses such as InvestaUniversity that can give you enough or better knowledge in stock market, global market, investing in general, business, e-commerce, and more.

In an inspirational quote posted on Instagram by @wealthytools, it says, “Reading can seriously damage your ignorance.” This quote may not be appreciated by those who are not into reading but to describe the feeling of a “reader’s” world. It would be like a world full of hope and possibilities. 

One of JC Bisnar’s Youtube videos is the book he recommends. Consider reading the list of books below. 

Recommended books by JC Bisnar:

  1. How To Make Money in Stocks by William J. O’Neil
  2. Reminiscences of a Stock Operator by Edwin LeFevre
  3. Stock Market Wizards by Jack D. Schwager
  4. Trading in the Zone by Mark Douglas
  5. Technical Analysis by Charles D. Kirkpatrick
  6. The Universal Principles of Successful Trading by Brent Penfold
  7. Alpha Teach Yourself Investing in 24 Hours by Ken Little

The Power of Mentoring/Coaching

Having a personal coach is essential; you need it, whether young or elderly.

They make it easier for you to achieve your goals, but it does not indicate that the coaches will do the hustle-and-bustle for you. Your commitment, time, and dedication will all be required.

So, how exactly do they help?

Since they are professionals, they have previously gone through what you will go through in the near future and will make your path smoother by teaching you how to accomplish it faster, clearer, and more effectively.

Suppose you want to be a business owner, for example. In that case, you’ll be coached by the coaches on creating a business plan and developing a clear vision of making your business operations more effective while still meeting your personal objectives. 

Also, if you are into business, they can guide your business decisions.

But most Gen Z do not have a source of income yet to hire their personal or financial coach. It’s a bit difficult, isn’t it?

Many people, particularly members of Generation Z, desire to enhance their financial or career status; however, they need someone to guide their personal journey most of the time.

But do not feel discouraged because there are coaches that give free services with minimal guidance only. With that, do understand that we pay coaches so that we don’t go through multiple mistakes and wrong paths because they already know what instances we may encounter. 

Choosing a mentor is very important because it should match the support, guidance, communication, and inspiration you need.

Conclusion

If you’ve been watching or reading long-form content and not getting the kind of result that you want, I believe the experiences and learnings mentioned will understand and help you a lot.

Sometimes, long-form content full of theories and definitions does not work. 

Working on your purpose should not be a headache. It should burn your determination more until you get your desired result.

Keep in mind that the learnings from this content may work or may not work for you. You really have to determine what steps or routine works for you at the end of the day. 

Working on your purpose is a long-term journey. Do not be discouraged because challenges mean making progress, and little progress is still progress.

Never expect super quick wins, quick ways, or even easy money with your purpose. You must be willing to make multiple mistakes, a lot of calculated risks, and the ups and downs throughout your journey.

What experience have you had that made the most learning and inspiration?

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