Technology continues to change the way we live. Soon it will be changing the way our children learn. This article from visual capitalist shows how education is becoming tailored to fit the need of technology to prepare children for the ‘real world’. Read a bit more about this here.
BusinessInsider.com: “The new year (and decade!) always brings a renewed energy. We’re excited about change, eager to set resolutions, and have a newfound willingness to work on ourselves. However, most people fail to conquer their resolutions because they don’t create new habits around the behaviors that they want to change. Building new habits isn’t hard, …
TheGlobeandMail.com: No single issue highlights the financial predicament of millennials like home ownership. Rising tuition costs and the growth in temporary work at the expense of permanent jobs are definitely challenges for young adults today. But the cost of houses outweighs them because it affects their financial well-being today, and in retirement. A poll to …
We live in a society now that is heavily influenced by consumerism and what you have. Couple that with rising costs of living and it is no wonder that most Canadians are severely in debt. The article linked below looks at how much debt has impacted our society and puts the importance of paying down …
Millenial Moment: Most Canadians believe they will never be debt free Read More »
A recession is inevitable, the question was never if it would occur but when. Often the word recession strikes fear in most investors, but of course, because nobody likes to see their portfolio fall. Often times we don’t know we are in a recession until it is almost over. This is why we never try to time the market, investors cannot experience highs without experiencing some lows. The best bull markets occur after tough times.
The world around us is constantly becoming more expensive. Young adults have been dropped into a situation where the cost of living has grown at a rate much higher than the growth of household income. Couple that with the constant increase in tuition costs, it has never been more important to save.
“Almost two-thirds of millennials say they’re living paycheck to paycheck and only 38% feel financially stable, according to a new survey from Charles Schwab. Millennials, more than any other generation surveyed by Schwab, feel the most insecure when it comes to their finances. That’s according to roughly 380 millennials (ages 23 to 38) surveyed for Schwab’s 2019 Modern Wealth report.”
Every year there has been new global initiatives to protect our environment and rightfully so. Latest environmental studies show that pollution and carbon emissions will lead to substantial changes in our earth by as early as 2050. It is our duty as humans to reverse the effects that we have had on the earth and prolong its existence for future generations.
We have all heard the narrative before that millennials spend too much. “They likely would rather spend $15 on avocado toast then save for a rainy day”. Although this may be true, it is short sighted and not looking at the bigger picture of the landscape our marketplace. How companies reach consumers has changed. Today you could have viewed 20- 50 ads in just 10 minutes of scrolling through an app on your phone. This means companies are spending less on an advertising but reach a broader target market.
At Dimensional, we believe that the right financial advisor plays a vital role in keeping investors focused on what really matters.
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