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Financial Planning for Millennials: Pay Off Loans and Live the Life You Dreamed Of

So many Millennials have been drowned in student loan debt without enough means to fund their big dreams. But with a little planning, millennials can change their entire financial future.

Back in 90’s you may have called a kid over to your house to help install your dial-up internet, set up your PC, hook up the cable box to TV, or to show you exactly what to do with a cell phone.

Whether it was your own child, a grandchild, or the kid next door, that kid was a millennial. Nowadays, these helpful tech-savvy kids have been perceived as entitled, materialistic, selfish, and spoiled.

But if you see past that perception, you’ll find that millennials are dreamers, entrepreneurial spirited, and they are challenging the norm.

Unlike their parents, achieving the American dream of buying a house, landing a dream job, and retiring may seem out of reach for millennials…but is that even what they really want?

When the economy took a hit in 2008 most millennials were going to prom, playing junior varsity sports, or in their first semester of college. Most of them were oblivious to what was coming.

They had no idea that many of them would face unemployment after earning a college degree. And as if that wasn’t enough, many millennials entered adult life with the burden of student loan debt dragging behind them.

The plight of millennials has been,

“I can’t afford to buy a house, start a business, go back to school, travel, or to do what I really want.”

And we haven’t even mentioned retirement, heath insurance, life insurance, and paying off hefty amounts of student loan debt. So many free spirited millennials who want to chase their dreams without being tied down are faced with a dilemma …

Do I shrink my dreams to match my income? Or do I increase my income to match my dreams?

Millennials seem to side with choices that make them happy, and they are willing to try something different in order to get what they really want from life.

It’s important now more than ever for millennials to have a financial plan. But many millennials have grown skeptical of financial advice. Many decline financial advice from their parents because they believe that their parents cannot relate to them financially.

And as for financial professionals, many millennials steer clear because they think financial professionals are only helping them for personal gain. It is important for millennials to have a personal connection with those who are helping them with their money, but they are staying true to their tech savviness and are willing to mange their finances online and on their smart phones.

Millennials can have what they really want: financial planning that is focused on them— their hopes, dreams, and fears.

Millennials can take control of their finances and fund their dreams by using mymoneyguide.com. When it comes to financial planning, mymoneyguide.com is the perfect merger between what millennials need and what they want.

Mymoneyguide.com,

“helps you identify what’s really important to you, and how the choices you make today will affect your life tomorrow.”

This is all is takes:

  • Go to mymoneyguide.com
  • Take the assessment
  • See where you stand financially
  • Set financial goals and track them
  • Make financial plans for a wedding, a new baby, purchasing a home, starting a business or becoming debt free

At any time, you are just one click away from being able to connect with a trusted financial coach. Your coach can plan with you as you grow.

The best part is that there is no pressure. This is just a simple way to have a constant guide on your money to help you live a life full of dreams that come true.

Millennials shouldn’t have to compromise their big dreams because of a lack of money. With some smart financial planning that’s done in a way that speaks to them, millennials can have ALL of their big dreams come true!

Source:http://www.investopedia.com/articles/personal-finance/021914/money-habitsmillennials.asp#ixzz482bJ6cJh

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