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 welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.

Links in this Episode:
Submit your questions: welcome@ProsperityThinkers.com
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