The 6 Biggest Financial Challenges Millennials Face - Episode 211

Join best-selling author Kim Butler and No B.S. Money Guy Todd Strobel in this episode of the the Prosperity Podcast as they discuss the financial challenges that millennials, and really many generations face. Find out what solutions they have for problems like student debt, financial illiteracy and stagnant wages, and how they differ from popular opinions and mainstream media. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] eBook: Financial Planning Has Failed Credit help: NationalCreditCare.com Article: How Millennials Can Overcome their Six Biggest Financial Obstacles Show Notes: 0:00 Intro 00:24 How Millennials Can Overcome their Six Biggest Financial Obstacles 02:08 Challenge #1: Millennials are Financially Illiterate 05:38 Solution: Get An Auto-Didactic (Self Taught) Education in Personal Finance 08:35 Solution: Get Help With Your Education 10:45 Challenge #2: Millennials are Financially Fragile 12:42 Challenge #3: Millennials are Burdened with Student Loan Debt 13:32 Why You Might Not Want to Pay Down Student Loan Debt as Fast as Possible 15:00 Solution: Skip College? Maybe Not, But Consider Postponing 16:26 Challenge #4: Millennials Wages are Stagnant 18:26 Kim's Solution: Learn to Save, Live on Your Salary 17:04 Articles Solution: Negotiate for a Higher Salary, Look for a Higher Paying Job 19:44 Challenge #5: Rising Rents Eat up a Burdensome Amount of Millennial's Income 20:32 Kim's Solution: Get a Cheaper Apartment, a Second Job, or a Roommate 21:08 Article's Solution: Move Somewhere Cheaper 22:28 Challenge: Fewer and Fewer Millennials are Becoming Full-Time Entrepreneurs 23:03 Solution: Do Both 23:40 Pursue an Entrepreneurial Thought Process