Hi mark Kohler here, and I've got some important financial tips for you millenials or someone you may know that some millennial now
I want to give you five tips that I know are gonna help you have more financial freedom security and better
Live your American Dream now
I'm a CPA attorney best-selling author radio show host and a partner in a law firm an accounting firm helping small business owners and
Thousands of Millennials over the years as we've been building our law firm an accounting firm
I do a weekly podcast weekly newsletter all to help small business owners and again. I've got lots of followers that identify with
the dreams and beliefs and
mentality of the millennial generation
So let's get to it. I want to blow you away with five tips first financial tip keep living your dream
That's and I'm not kidding. That's important a lot of Millennials are passionate. They're dreamers. They have big dreams of being an entrepreneur
Starting their own dot-com their own real estate empire. That's awesome. Don't lose that vision
It doesn't mean stop going to school or not having a job, but I want you to hang on to that dream
And I want you to build a business plan a business model, maybe it's five years out
It's ten years out, but it's an ideal scene. It's a mission statement. It's your own personal
dream that you're gonna write down and put in a journal put it on a post-it on your mirror put it in your
Planner on your phone anywhere that will help you remember that you've got a vision and a dream
And it will come to reality as you write it down and grasp it you can follow your dream and passion
I want you to write it down and start believing in it and continuing to dream about it number two tip
Now this is important because along with that dream and that passion you've got to have stability and that means continuing your education
And keeping the day job for a while at least for stability
Maybe even keeping that day job as you build that small business in your basement or on the computer at night?
And you're building that dot-com dream that internet marketing dream the affiliate marketing real estate. Whatever it is I?
Want you to continue to build that dream Wow you have stability?
That's one way to create a lot of financial stress in your life by quitting your job
Prematurely don't do it keep the day job keep going to school even part-time at night online
Whatever it takes
So that you get that degree which will open doors down the road doors you may not even know you're gonna bounce into
You've got to keep that stability while you continue to focus on that long-term dream
Number three stay out of debt now there's good debt productive debt buying a rental property buying a home
going into college education debt
Within reason but getting into credit card debt can be a nightmare it can destroy your life it can cause
horrendous
Financial stress in your life and in your relationships, don't do it
And if you're in debt now and you're trying to get out of debt email me by informations down below
I'll send you a debt snowball
Plan for free just a little video on how to set up a debt snowball and get out of debt
Faster than you dreamed up even if you're in credit card, debt for five hundred bucks
Maybe five thousand maybe fifty thousand whatever that credit card debt is
Let's get out of it and let's stay out of debt and build some reserves
So you can get back to that dream number four this is a tip for all my Millennials
And even my own son is living this dream, and I'm so proud of him and that is buying real estate
even if you're an internet marketer or comm
Joint venture affiliate marketer, what are you gonna do with your profits?
What's going to generate profit when there's a change in the Google analytic program that you're relying on the app that you've developed that goes
Obsolete what's your plan?
Do you have something to fall back on I want you to start buying real estate as soon as possible
Affordable real estate rental property it may not even be in your town
Maybe you live in California, New York or Chicago buy an a rental property sounds incomprehensible
But you could buy rentals in other states that you might visit
Maybe there's a cute little rental buy your grandma's house buy rentals continue to learn about real estate
invest in a little reasonable real estate education get involved in a real estate community
I've gotten my links below again email me and go mark send me some real estate education information
We'll get you to the right place and it can be done affordably without putting a bunch of credit card debt into your mix
When you're not ready for it and number five
The next tip of these five these are huge number five is to start saving immediately
Open a Roth IRA the sooner you do a Roth early in life the more power this Roth
IRA will have for you down the road now some of you're like what's a Roth IRA
It's an investment account the grows tax-free and comes out tax-free and you can even withdraw
Contributions that you put in if you need them, but you can't take out the earnings
There's a penalty for that and you don't want to pay that tax or penalty until you're older you want to start saving now
this is where I love Dave Ramsey and some of his videos on YouTube of
Saving just even a thousand dollars a year and what that starts to look like down the road
It's incredible start making a goal now to save $100 a month $50 a month
$500 a month if you're making some money or more
Set up a Roth 401k if you've got a small business
I love to help clients with that
but start saving immediately get into the habit of savings while you're getting out of debt and
Building that small business dream back to tip number one in summary don't think of the Millennial
Categorization or label as a bad thing. I think it's an amazing thing you have an immune ich skill set unique
Dreams and an a unique ability to make those dreams happen where other generations
They didn't think that big you can think big and that's okay now
I just recently published my fourth book the business owners guide to financial freedom
This is another resource it's on audiobook soon. It's already on Kindle. It's only been out a month
We get out and get a copy and start studying it - as part of your learning and growth
I've got a great podcast. I've got incredible YouTube videos a weekly newsletter all that informations down below get engaged in it
continue to learn
Incredible financial information that can build upon these five tips I've already given folks
Thank you so much. Give my youtube channel like and please continue to live your American dream
Thanks so much for watching, and if you found that helpful. Please look into just from below
I've got links to my tax and legal library my QuickBooks training videos how to start a small business
50 60 70 video some as long as 30 minutes explaining more information on
Tax and legal strategies that will change your life
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I produce every week on my youtube channel, and I'd love to give you a ping every time I shoot a new video
Thanks so much and keep living the American dream