Wise Girls Money Magazine The Organised Issue

Page 16

MILLENNIALS: R E AC H F O R T H E S TA R S

Millennials; Born between 1981 and 1996, there’s a 15-yearspan of ages, experiences and backgrounds. You could be a 38-year-old career woman living in the heart of Melbourne, or a 23-year-old mother of three from rural Victoria who drives a bus, and still come under the same millennial umbrella.

so important to learn when you’re starting out in your career, not just when you have some savings tucked away.

No matter what your story is, good finances are the key to an easier and more enjoyable, stress free life.

According to finance advisor experts, Deloitte, the total net worth of millennials in the world is expected to range between $US19 and $US24 trillion this year. 54% plan to start their own business and 27% are self-employed, around half of millennials own their own home and more than 40% have a degree. That’s a lot of potential!

Learning good financial skills when you are younger could mean you’ll be in a very different place later. The basics of financial literacy are

You may be surprised to learn that over two thirds of wealthmanagement clients are aged over 60 and only 28% of millennials

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