Self-Made Millennials - Deepstash
Self-Made Millennials

Self-Made Millennials

Millennials who claim to be ‘self-made’ get support from their parents and in some cases, enjoy the privilege too, but are reluctant to admit the same. They have to show the world that they are able to do well and sustain themselves on their own, and any conversation around money, privilege, success and class stirs up topics they may try to avoid.

Gender Bias: Women who inherit from their parents and do well are looked upon differently than men who do the same.

STASHED IN:

39

MORE IDEAS FROM Why Does It Feel Like Everyone Has More Money Than You?

  • It’s important to share your real struggles, support and fundings once you find success, or it gives a distorted and false impression to those struggling without any resources. There shouldn’t be a stigma attached to getting help from parents and spouses.
  • It’s imperative to have transparency about money and understand that in any structure of privilege, the people at the top have to take into account what it means to people below them, who are struggling with meagre resources or a network of supporters.

1

STASHED IN:

71

Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

GET THE APP:

RELATED IDEA

Measure your expenses

Take a hard look at how much you are spending day to day. Every time you spend money, write it down as it happens in a little notebook or log it into an app.

Alternatively, use the envelope method. Make an envelope for each of your non-fixed expenses, like groceries, clothes, entertainment and budget a certain amount of money for each envelope. When an envelope is empty, you have no more money to spend until the following month.

5

STASHED IN:

1.13K

Four Steps To Building Wealth
  1. Don’t Be a Consumerist: keep your expenses as low as possible without sacrificing the quality of life. Spend money on things that yield lasting benefits.
  2. Have An Emergency Fund: this gives you freedom and peace of mind to deal with issues without having to upset your long-term investments.
  3. Invest Defensively: investing in individual stocks is a dangerous business and it can take your peace of mind. Index funds let you invest in a whole group of companies, bonds, etc. without the time and risk involved in individual stocks.
  4. Diversify Income: relying on a single source of income is a dangerous strategy. Multiple sources will make you more financially resilient and give you the resources to acquire assets and invest.

40

STASHED IN:

901

STASHED IN:

0 Comments

Main Character Syndrome

Main character Syndrome refers to a situation where people consider themselves the star of the feature film that is their everyday lives.

The syndrome exists in the overactive minds of the internet's many self-identified leading characters who embrace memes that encourage this outlook. However, Main Character Syndrome is also an important coping technique. During the pandemic, main character memes have helped us accept life's up's and downs as plot developments in our story.

10

STASHED IN:

98