Why Millennials Today Are Not Investing

Investing:

Photo Courtesy: Reuters/Lucy Nicholson
Photo Courtesy: Reuters/Lucy Nicholson

Many of the Millennial Generation are not seeing investing as an option or as necessary. Not only for retirement but also just as a general way to grow what money they have quicker. I am surprised some financial discount brokerages have not catered or carved out an option in all their products to have one created for someone either in school or just young and do not know what to do with their money. By having someone provide their age or a school (.edu) email address should be enough to gradually show them how investing works by offering a cheaper commission package or platforms of some sort.

That is just an idea because these firms will soon see that the Generation X’ers and Baby Boomers will all but soon be tapping in to what they have put in to the market, and yet it seems few Millennial’s have any clue as to how to even navigate and execute a trade.

Case in point: I am 21 years old and only one of my friends actually has an investment account, and he’s actually doing pretty well with it. Though most of people my age are in college as seniors (Or credit-wise some point in junior year), I don’t expect any of them to have 401k plans yet because none of us have launched or started full time careers. But the fact that almost no one has a personal investment account, let alone an IRA of some type, is concerning for the future of financial well-being.

My point in bringing this up is that early on in the start of a full time career, a Millennial may not choose to open a personal investment account (Including an IRA) or a 401k because of the lack of knowledge but also because of the sizable bill every student is racking up right now. When people back in 2008 to even now say how my generation to even the generation under us will eventually have to pay for a national debt is starting to show specific effects. Slow rise in income will be our biggest burden.

I do not see how companies today feel alright with not raising wages from the middle on down. Companies are making profits and not in the red. The costs that are affiliated with the Millennial Generation will most definitely be greatest in the repaying of the four years of college where they incurred debt. For some, upwards of $100,000. And that amount could be seen for the kids going to Columbia, Yale, Brown, etc. The Ivy leaguers who are supposed to be first in line on the forefront of how a generation is lead in everything they do. In terms of economics I’ve been told by my professors to think of it like this: You forego or leave money on the table by being a full time student. Even if you have a part-time job while in school, which 80% of Millennial’s do, you still could have a full-time job and be making more at the point in time. So the foregoing of money means less to help pay off the amount you owe at graduation.

https://myretirementplan.us/images/Millennials-Confidence_in_Investing.png
Photo Courtesy: myretirementplan.us

Rise is debt when starting a first time full-time job will mean less and less will be saved for retirement because of the fact that after 6 months of leaving school they will say hello to the first installment of payments from school (Many of which carry high interest rates; even if it is a government loan). Joining a companies 401k will not seem a viable option because of the thought of using money for “now” costs will be more important than saving for later.

What You Need to Know About the iOS 9.0 Glitch 

Lifestyle:
If you have an older iPhone and tried to update with the new iOS 9.0 update it might have backfired and won’t let you into your phone. It is frustrating as you have to restore your phone to factory settings.

I called Apple and that is really the only option. Or wait it out. But depending on how bad you need your phone that might not be the best thing.

Apple is working on 9.1 to supplement and fix the bugs in 9.0 and I was told that could be around Monday or Tuesday when it is released.
Here is a link to the Apple support site for more troubleshooting:

https://support.apple.com/en-us/HT205239

The Sustainability of Water

Lifestyle/Follow Up:150107075228-bill-gates-feces-water-plant-1024x576

I wrote about how water is like the new gold because of its scarcity in a previous post. My idea for that post was because of the news in America about California when their drought hit record highs in the early part of Summer 2015.

I brought up this issue because of the need for a solution, and so far there are a few options on the table. Including something that I actually had first hand experience of. Its called “poop water” or basically contaminated sewage water with human feces (and other contaminates) that is converted into safe drinkable water. Bill Gates added a story on his blog about the process of turning soiled and used water into clean enough water to not only drink, but also reuse in resourceful ways. That story about Bill Gates that hit the news early August 2015 can be read here: http://money.cnn.com/2015/08/13/technology/bill-gates-poop-water/.

Spring 2015 I visited the Milford Wastewater Treatment Plant in Milford Massachusetts. I was on a class trip for an Environmental Studies course and we were toured an experience around the plant from the start of the wastewater process to the end when that wastewater was converted into what is known as class B water which means it is good enough for use by way of swimming, fishing, or boating in, but still not yet considered class A which means it is all the above plus drinkable for humans. The point of the plant is to take “used” water and turn it into EPA standard class B water so it can be released back into the environment, and that is the standard used by all United States fresh surface water bodies.

I experienced exactly what Bill Gates did, minus the drinking of the finished product. But still nonetheless I thought this post would add to my last one where raising awareness about this issue is crucial by those who see it as eminent danger in the future. I am like Bill Gates where the I thought the concern should be raised so more will become drawn to the facts that water scarcity is a real and threatening matter to our way of life.

This was an unpaid post.

Photo courtesy of: http://money.cnn.com/2015/08/13/technology/bill-gates-poop-water/

and http://www.gatesnotes.com/Development/Omniprocessor-From-Poop-to-Potable

How Rewards Programs Are Good For Business

lifestyle/business:


If you haven’t already noticed many businesses are popping up with rewards programs and incentives to not only get new customers but to really keep existing customers from going anywhere else.

As an example you could say Cumberland Farms has the best gas rewards program in the country. I am a “Smart Pay” member and I have to say nothing else compares. I can count on one hand how many times I have gotten gas at a gas station other than Cumberland Farms in the last 2.5 years.

The way their program works: Either download their app or go into a store and grab a physical card. Then you go online and set up an account by adding your personal checking account to it. After that you are able to use the rewards card/app at any Cumberland station and automatically receive 10 cents off every gallon you purchase. On top of that you get in-store free rewards for no reason at all and also depending on how often you get gas (it keeps track). By giving incentives to customers to keep them coming back many companies are joining the trend of offering a rewards program.

They are a great example because they kept up with the curve of consumer trends. Now you see big companies have rewards cards and offer incentives to customers to keep them coming back and not go anywhere else. Subway, Dunkin Donuts, are among some that offer a rewards program. Businesses are now fighting to keep customers because if it means something to you they want that to carry over to what they offer. Giving you a reason to stick with their products or services is seen as a way to create a long term customer, even when a program ends.

This was an unpaid post

Investing in Land

Investing/business:
  
Investing in land should be more common today than it is. As the housing market slowly starts rebuilding itself up to where it once was almost 10 years ago, it would make sense for the price of land to go up as well. Land has always been a valuable asset (At least for some more than others), which is why it should be invested in more often as housing starts to peak higher and higher. 

The downside to investing in land would be the almost defunct prices. Rarely do parcels of land just increase in price if not for a good reason. There is still nothing wrong with investing and holding out on the future. As world population increase it would make sense to buy up land now because space will be getting a little tighter in the years to come. 

Whether you would build something on it or just hold it for future considerations, investing in land now would make sense, if you think about it.