Considered as the „best-educated generation in American history“  by Atlantic Magazine, one-third of Millenials is holding a bachelor’s degree. Despite this fact, they can become the first generation in American history that may become worse than their parents as their incomes are lower, they have more debt and poverty rate is higher.

In order to succeed, Millenials must be well-prepared for the future because the world is changing rapidly. With these 3 strategies, they will be on the right track to be financially secure and the possibility of their success will be much higher.

1. Spend less than you earn

Most Millenials living from paycheck to paycheck and use credit cards in case of emergencies. In that routine, they expect higher income and lower expenses which are totally insecure and rarely pays off. No one can make progress if expenses are bigger than the earnings.

Having a financial plan and self-control in early life is the best way to develop financial security whatever the future will be. Deciding on regular saving using a zero-based budgeting system, you will create enough funds in the next month for the emergencies or save for home purchase, education of kids or retirement.

2. Never make debts

Although, for most of the people avoiding debts is unrealistic, making the decision to never borrow the money should be imperative. If you spending money that you don’t have, it’s considerably lowering your future earnings and options.

Borrowing money is justified only in some case such as buying a home, refinancing high-interest debt and taking a short-term loan to make a contribution to the 401k employer-matching retirement plan.

3. Set your financial priorities

With early saving, having a fund for health insurance and emergencies should always have the priority. Struggling to pay large medical bills is a cause of bankruptcies for 600,000 people each year.

Millenials are healthier than the people from previous generations, but they are not immune to many events that can cause significant medical bills such as obesity, childbirth, sports injuries, accidents, and desease.

Millenials are less in danger of having chronic health care problems, but traumatic injuries always can happen and these can cause a significant growth of your medical bills.

Emergencies happen often, so it’s always good to be prepared for it. Relying on quick credit or borrowing the money from other sources cause the damage to your saving plans.

Here in the UK, the financial services sector is worth a huge amount – and it covers all kinds of asset classes. Underneath that large umbrella is a whole host of different investment opportunities: from foreign exchange pairs to stocks and shares, there’s a variety of investment avenues to go for. Different ones are suitable for different people, and the degree of risk involved can be tailored to individual requirements. This article will look at the various investment opportunities available, and how each one could be of benefit to you.

Stocks and shares

Stocks and shares and property are often seen as being the classic investment routes. Many people associate investing with those particular asset classes, and they occupy a particular position within the cultural framework of investing too. And there are definitely some sound reasons to go with stocks and shares: performance in the stock market has historically been quite rewarding, and while past performance is no guarantee of future performance, it’s likely that more growth years are to come. However, stocks and shares have tended to perform well over time rather than right away – which means that investors often have to leave their cash tied up for a significant number of years to see a good profit when they sell.

Contracts for difference

Contracts for difference, or CFDs, are innovative financial products which are easily accessed and diverse. They don’t confer any ownership rights of assets, but they do track the underlying markets – so you’ll be able to benefit (or lose out) in proportion to the performance of the actual market. There’s also a lot of versatility involved with these products: the markets which CFDs cover include a whole host of alternatives, ranging from foreign exchange pairs to cryptocurrencies. Many CFD Trading Brokers can provide several types of CFD product, so you’ll be able to find what you need easily.

Property and assets

But financial products designed specifically for speculative investment purposes aren’t the only options. Property is another option, and it’s something that many people may have invested in without really conceptualising it as an investment. If you’ve bought your own home and paid off all or most of the mortgage, downsizing it and taking a lump sum is an investment decision in itself. And if you have spare cash lying around, a buy to let property may be a good avenue to consider. The same goes for items like paintings, wines and other rare items: people buy items such as old, expensive bottles of alcohol or collectibles like artwork, not just for their pleasure value but also because there’s a good chance they’ll appreciate in financial value over time.

So, no matter what sort of investment class you want to enter, there’s likely to be one out there for you. From the popular world of stocks and shares trading to other attractive options like CFDs and even collectibles, there’s an investment vehicle with an entry level that will work for you and your trading investment goals.

Many people have some special talents: they cook well, they can do some kind of crafts, sew fine, etc.

But not everyone understands that such talents can be used for good, so they don’t know that they can make money from it. But, there are plenty of ways to achieve this.

The best way to look for buyers of finished products that you make at home is internet (social networks, newspapers of free ads) or – directly in the markets or stores where goods that you are making are sold. So, how you can make money from home?

Method 1. Cakes to order

This method of earning money at home is more suitable for women, but men who have this talent can also try to earn money by making cakes to order.

For example, you need to invest $15 to make a decorated cake, and if a price is $35, you can earn $20.

Method 2. Making souvenirs

You can make money from home if you know how to make:

postcards;

decoration;

crafts made of wood, vines, clay;

stuffed Toys;

painted dishes, etc.

You can use any of your skills (the more quality and original products you produce, the higher your earnings will be).

The profitability of such a business can be can vary from 30% to 100%.

Method 3. Needlework

If you sew well, embroider or knit, you can make clothes or home products made to order.

Calculating the monthly profit of such household earnings is difficult because it all depends on whether you use your materials or sew/ knit from what your customers have brought, as well as the number of these customers.

Method 4. Repair of electronic devices

This way to earn is suitable for handymen.

If you can fix anything, then you can seriously compete with official service centers, doing the same work for a lower price.

If you charge $10 per repair, and if have 24 repairs per month, you can earn $240.

Method 5. 3D printing

This is a relatively new type of business, which you can use to earn money from home.

To buy a 3D printer and supplies to it, you need to have about $2,000.

If you quickly learn how to work on it and find the sources of sales for your manufactured goods, you will be able to return the investments no later than in 5 months.

You can make money sitting at home next to a 3d printer, producing:

souvenir products;

office products;

dishes;

furniture;

accessories;

decoration and so on.

If you have the monthly income of $3500 and your expenses are $500, you can earn $3000 per month.

Modern life provides enough opportunities not to work for a minimum salary for someone in a commercial office or government organization, but to see hidden prospects.

This can be done without leaving home your home. It is only necessary to choose a profitable occupation for yourself and start making money.

If you have always dreamed of working in a trade, but do not want to work in a regular store, then you will be able to build your commercial vein at home. You can do sales, and at the same time earn good money.

1. Online store

People are quite lazy, so for many of them is hard to go to the distant shopping center.

Today, the advanced young people prefer to make purchases on the internet without spending too much money. You can use this trend and make money by opening an online store.

To make money while sitting at home using an online store, you need to:

–    Form sole proprietorship.

–    Decide what exactly you will sell: clothes, shoes, household goods, car parts, etc.

–    Enter into contracts with suppliers.

–    Find an assistant.

–    Create a user-friendly website.

–    Fill it with goods (photo and description).

–    Start advertising your online store.

If you do not have enough money to open a full-fledged online store with a large assortment of goods, you can sell your own things that you don’t need anymore.

2. Selling things through online auctions

Today on the internet you can find a bunch of online auction websites, where ordinary people can make money from home, by selling unwanted things.

The most popular and convenient users consider:

eBay,

eBid,

Bonanza,

Webstore.com,

OnlineAuction.com.

To earn money from home, making sales on the online auction, you need:

–    Register account at one of the websites given above (or at all of them).

–    Take pictures of things you want to sell.

–    Make descriptions of them.

–    Set the price.

–    Wait for buyers.

If you don’t ask too much, by setting prices, you can not only get rid of excess rubbish in the house but also earn money.

3. Distributor activities

If neither the first nor the second option suits you, and you still want to make sales at home, you can become a distributor of a large company.

The constant income can be within 200 – 300 dollars a month. If you have a permanent job, you’ll not have too much time to sell, but if you decide to make money without leaving your home, then your income can be much higher.