I’ve been thinking of writing a no-nonsense house buying guide for Millennials. I want to share my experiences and expertise in the engineering field as a way to help novice buyers. When I look at the portfolio of properties my wife and I own, I can’t help but think of the mistakes we made. This isn’t like buying or starting a business! They were silly mistakes with big ramifications that were completely avoidable.
So here’s a multipart set of blog posts on the right way and wrong way of buying your first house.
I find this somewhat older post fascinating. It would appear that more and more millennials are waking up and realizing that there’s more to life than just overworking. Sure they get big $ but they’re burning out too.
“I wanted to travel more — I didn’t want to have to ask for time off and grovel for extra days, you know?” says Solomon, now 25 and living in a rental house in Kauai, Hawaii, overlooking the beach.
I’m seeing this trend first hand. My niece and her husband are leaving South Africa to travel and work on the road. Of course, they have no children or pets to tie them down, so I’m all for it. Do it while you can, experience the adventure. While travel may be uncomfortable at times, it’s an adventure.
“I do have to budget more, but the freedom is so worth it,” she says. “There are different ways to do work . . . The world is changing.”
True, the way to work is changing, but the one thing the article doesn’t mention the most important thing to make this work. You need to be experienced and have a valuable skill in order to be able to live this lifestyle.
Not everyone can just quit their job, hit the road, and be able to eek out an existence. You need to have a skill in hand that’s valuable and have the experience to go with it. This is why coders, journalists, and English teachers have typically done well in these situations. They have skills overseas employers typically want and need.
Still, there’s something to be said for the 9 to 5 rat race. You are trading your time for money but if you do it right (save/invest/low debt/etc), you can get rich and retire early.
Still, it’s not for everyone and certainly not for my niece.
Do it while you can
I was never more alive than when I woke up on a cold airport floor in Utah. The last flight out of Salt Lake City was canceled due to mechanical problems and we were rebooked on the earliest flight out at 6AM. I opted to crash on the floor wearing my business attire and promptly fell asleep on the cold hard floor. I was cranky, pissed, and very tired when I woke up. I sucked down some coffee, made it to my gate, and flew home.
It wasn’t until a few weeks later when my friend Richard reminded me that I was one of the lucky ones. I’m one of the few that gets to fly around the country, meet new people, learn new things, solve problems, and be in one of the hottest tech industries of my time. If waking up on the occasional airport floor didn’t make all this adventure worthwhile, then I was a fool.
He was right.
So I say to you my family and my loyal readers. Do it while you can. Get out there. Build a life filled with adventure, but do it wisely. Learn a good skill, be entrepreneurial, work your butt off to build the life you want.
Good Morning, my name is Tom and I love the Millennial generation. I don’t love everyone or everything about them, but I love what they will become. Are they perfect? No! Do they ALL want the same thing, no? Are there exceptions to the rule? Of course. Yet, I can’t seem to follow along with my generation and call them lazy and entitled. After all, the Gen X’ers were called the “slacker generation,” and now we’re starting to run the world. The Millennials are next and they’re going to blow the doors off everything.
I’ve heard my colleagues and friends calling Millennials ‘lazy’ and ‘entitled.’ How they don’t want to ‘cut their teeth’ and do the grunt work. To my generation, when did we get so old? What’s next? Screaming ‘get off my lawn?’
Understanding the intergenerational work force is something I’ve been curious since I lived both sides of the divide. When I graduated college, I entered the Civil Engineering world. I was young and had high expectations when I entered an industry dominated by ‘old white-haired men.’ A lot of my expectations were quickly ‘managed’ and my creativity squashed for the standard ‘this is how we do it since the dawn of time.’ I learned what it was like to survive and thrive in Engineering world but If I started out as a square peg, I was quickly whittled down round peg over time. Then I made a move to the ‘startup world’ and worked predominately with bright young Millennials. I was the ‘old white-haired man’ in the room. There was no ‘this is the way we did since the dawn of time,’ because everything was brand new! Everything was about agility, sorry-not sorry, break the rules, and make shit happen!
Why is it so hard?
Working with Millennials (M’s) requires a new way of attacking problems and letting ‘go of shit.’ It’s not like we’re talking different languages, just reframing the questions better. It’s helped me because M’s are fresh, creative, and haven’t had life beat them up too much yet. Yet, my generation (Gen X) and the Baby Boomers before them still have a hard time assimiliating the M’s. Rightfully so, so many M’s are completely disrupting the ‘order’ before them. They’ve given us AirBnB, Uber, RobinHood, and many more new ways to do old things better. The M’s look at our old way of doing thing and say, “Why do we do it this way?”
They strip old processes apart, re-engineer them with the latest technology, and then free up time and money to go do something fun. Whereas we would take that free time and go back to work. This pisses the older generation off. To my generation, why do we do this? M’s threaten the existing order with their ‘new fangled technology’ and touch upon a lifestyle we all dreamed about since graduation.
I think we’re jealous.
Last year I angered someone over Twitter about this very subject. It was a typical intergenerational misunderstanding that reminded me of this Ted Talk from Kelly Williams Brown.
Some key takeaways from this video:
Question: What is a Millennial?
A. A narcisstic a–hole
B. An Instgram/Facebook/Self-branding manchild
C. Someone who ‘rejects the system’, opting instead for parental subsidies
D. Someone born between 1981 and 2000
“The Now Generation has become the Me Generation” – NY Times about Boomers in 1976
“They have trouble making decisions. They would rather hike the Himalayas than climb the corporate ladder…” – Time Magazine about Gen X in 1990
Estimated 52 to 86 million Millennials
Entitlement is always attached to Millennials
Collective wringing our hands over young people, why are they young?
What do we expect from work? 22 year olds want more pay and less work than a 50 year old
Why is that? 22 year olds don’t understand the working environments, expectations too high
Millennials were told their path to success was to make themselves special, take classes, rack up college debt, get unpaid internship, and then a job will come
The path to success for Millenials has not been this way, it’s way volatile
Asked, what do Millennials care about? #1 Answer: Be a good parent (via Pew Research
** Second answer: Be a good husband or wife
Third answer: Be a good member of the Community
Look at the assumptions you’re buying into, don’t blindly follow the “lazy/entitled” mantra
Question the narrative
Kelly fights back against an intergenerational onslaught. The M’s are not taking it anymore. They saw how Gen X’ers just rolled right over. When we were the “Slackers” and bumbled our way into the workforce, We woke up one day and wondered what happened, we lost control. We got pushed around and now we want revenge too.
Lindsay Pollak goes a step further and tells us to stop shaming Millennials. Instead of taking intergenerational revenge on M’s, we have a chance to make it better for generations to come.
Some key takeaways from this video:
Older generations tend to shame newer generations
Speaker got a grad degree, couldn’t understand how to get a job
Moved home, read books on how to do find a job, ate ice cream
Former co-worker helped her make an introduction
Since then she helped young people succeed in jobs when starting out
What if we supported young people vs shaming them
Mullennials will become the largest working generation (75% by 2025)
Marketers have been studying this generation, they want to sell to them
“No one gave me a trophy when I started out, they’re being entitled”
Coaching and development tends to matter more to Millennials than money
Companies that get it provide ‘instant feedback’ via apps/realtime, all generations love that
Millennials (and me) love flexibility in working hours/environment
“They don’t want to do their grunt work”, Millennials want to know why this work matters. It’s about transparency
Do you want to what is effective, or do you want to get revenge on how you were managed (ed. big one)
The Time is Now
All of us will come into contact with Millennials, whether socially or at our work. We owe it to ourselves not to be jealous or seek revenge for perceived wrongs in our past. We owe it to them to nurture, guide, and mentor them. They’ll be the ones shaping our future today and we can either be a part of that glorious change or start screaming ‘get off my lawn.’