Millennials are a diverse group of individuals who have shaped their lifestyles through various factors, including digital habits, values, career choices, and lifestyle preferences. They are increasingly focused on holistic health, dental health, collagen products, sustainability, and minimalism. They are also more likely to order takeout instead of preparing meals, and they are taking a different path in forming families compared to previous generations.
Millennials value accomplishment over time logged, inclusion over exclusion, yoga pants over jeans, and pets over kids. They are mindful of their dietary choices, opting for nutrient-rich, sustainable foods and incorporating a variety of fruits, vegetables, whole grains. The millennial lifestyle is driven by maximum effort combined with perpetual optimism, and they are driven to prove their doubters wrong and create the best life.
Millennials are motivated by living an exciting life, receiving recognition from peers, and finding romantic love. They are also driven to get organized, have a flexible plan, make connections, embrace uncertainty, and develop a self-care routine. They are motivated by living an exciting life, receiving recognition from their peers, and finding romantic love.
Gen Z millennials are setting new trends of success, with mental health being their number one priority. Wellness is a daily, active pursuit for them, and they spend their money on experiences like traveling, concerts, and eating out. A Millennial Nomad is someone who sees themselves as an explorer, thinker, and wanderlust.
In summary, millennials are a multifaceted generation with diverse interests and values that shape their lifestyles. They prioritize environmental sustainability, dietary choices, and personal growth.
📹 Living On 500k-A-Year At Age 28, In Seattle | Millennial Money
Here’s how I live on my 500k-a-year income in Seattle, WA at 28 years old. ——————- This is a spin-off of the series Millennial …
What do most millennials do for a living?
Millennials are highly skilled in math, working in fields like statisticians, financial analysts, and bartenders. They are also physically demanding, with occupations like paramedics and bartenders being the most physically demanding. Millennials are also concerned about the future, with most jobs expected to grow faster than average over the next decade. They are not found in dying industries, as BLS data shows that physician assistants, statisticians, and market research analysts are poised for the strongest job growth.
Do millennials marry?
The majority of Generation Z and single millennials are expected to eventually marry, despite the fluctuating average age of marriage being a significant concern for many individuals.
What is the active lifestyle of millennials?
Millennials enjoy group fitness and the “tribe mentality” that a team creates, but they also desire regular exercise that fits into their busy lives. They value having fun and being self-directed less than older generations. One quarter of Millennials report playing an organized sport at least weekly, and the same number do group fitness classes. Millennials value fitness in its own right, using it as a stress reliever, weight management tool, and “me time”.
They are the most likely generation to engage with fitness online, including online workout videos, smart home gym equipment, and workout apps. This is likely because Millennials are in a highly time-starved stage of life, building their careers while establishing and caring for young families. Time and external demands from family and career are key fitness barriers for both Millennial men and women. Online fitness solves this need, and Millennial men prioritize fitness, while women prioritize family.
Are millennials like Gen Z?
The cohort of individuals born between 1981 and 1996, commonly referred to as “Millennials,” have come to anticipate a more expedient customer service experience. In contrast, the cohort of individuals born between 1997 and 2012, often designated as “Generation Z,” have developed a greater capacity to accept delayed gratification and have set higher expectations for customer service compared to their predecessors in the Millennial cohort.
What are the weaknesses of millennials?
The eight most prevalent weaknesses among millennials include a lack of work ethic, a tendency towards career impatience, a proclivity for frequent job transitions, an overreliance on feedback, an infatuation with flexibility, a dearth of experience, and a reluctance to acknowledge entitlement. Overcoming these challenges can be difficult.
What is a Millennial attitude?
Millennials are well-educated, connected, and less religious, with a strong sense of self-reliance and independence. They are less likely to look up to brands or institutions, and instead prioritize self-building and career control. Lifelong employment is a fairytale for them, as they understand that employees who stay with companies longer than two years will be taken for granted and receive lower pay. They also value privacy and see Edward Snowden as a hero.
Millennials are growing disillusioned and disconnected from the political process, with a 2014 Harvard Institute of Politics poll showing a higher cynicism towards the political process. This erosion of trust in government institutions is evident in the growing disillusionment and disconnection among young people. The core message is that the customer has radically changed, and organizations must adapt to this by focusing on customer experience and avoiding blind trust. Millennials are willing to try and use products or services that are fast and easy to create, and they are not afraid to take risks in the digital world.
How to impress a millennial?
Millennials, a tech-driven generation, are highly influenced by the internet, digital devices, and social media. They are highly reliant on online shopping platforms, making it their preferred shopping destination. However, millennials also shop more at physical stores than other generations, according to a 2016 PWC report. This is surprising, as they are more inclined towards online purchases than physical store shopping. Despite this, over 40% of millennials shop online monthly, indicating the need for an e-commerce store.
Personalizing everything, incorporating social media, and embracing technology can help attract millennials to your store. By incorporating these strategies, you can attract a diverse and loyal customer base that values both online and physical shopping.
What kind of personality do millennials have?
The Millennial generation is distinguished by a distinctive curiosity about the world and a pronounced aspiration to cultivate professional competencies. Unlike preceding generations, this cohort places a premium on establishing and attaining objectives for both professional advancement and personal development.
What is the lifestyle of a millennial?
Millennials are driven by lifestyle choices and aspirations, driven by excitement, peer recognition, and romantic love. They enjoy hobbies like gaming, online gambling, and athletics. Their professional aspirations include careers that offer financial rewards, personal growth, recognition, and ethical standards. These values guide their consumer behavior, shaping their preferences for media, technology, and brands. Millennials are tech-savvy, having grown up in a digital era and integrating digital media into their daily lives.
Who is the healthiest generation?
The cohort of individuals currently classified as “Millennials” is more health-conscious and proactive than their parents and grandparents. This is evidenced by their willingness to invest in fitness, healthy food, and self-care.
📹 How to Live a ‘Retired’ Lifestyle as a Millennial 🌴Podcast w/ Nomad on FIRE (#102)
I talk with Eric of Nomad on FIRE Podcast. Met him in the gym in Chiang Mai, Thailand (one of the digital nomad hotspots).
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated…….
Shout out to CNBC that actually makes these super fun Millennial Money episodes! I find it so interesting seeing how other people spend their money. I would like to make a more formal budget that helps me get rid of that anxious feeling whenever I log into my bank account-is this a follow up article you guys would be interested in?
Impressive article. I started a bit late (graduated from my doctorate program at age 30 in 2014 with 170k in school loan debt). Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account). I’m not very knowledgeable in investing, so I just have my investing currently in index funds mainly Too but have been putting a lot into Schd the past few months. I don’t know if that’s the optimal strategy, but psychologically it is very set it and forget it, and prevents me from obsessing over individual stock performance.
Aw Monica, all I can think of when perusal this is how upset you were a couple years back…I think you were sitting in your car crying about not having a clear passion/path you wanted to pursue in life. It’s so heartwarming to see you living so well after seeing you down and feeling so directionless just a few short years ago. Keep up the good work, girl. Also loved when you said “this pant”…lol idk why it made me lol. 😂 Also also, loved the puppy, this is the first I’ve seen the little one & hope to see some more of that little cutie. Ok sorry this is a little much, k bye. 😅
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Wow. This was SO invaluable!! It’s absolutely thrilling to see a millennial be transparent about their finances. I love that you also included some random purchases you regret or that you still stand by and that you were honest about spending extra money on convenience. This is just so so good. I want to be a financial coach someday and this just motivated me so much!
I have no idea why Monica has anxiety about money she is spending $9,000 a month an bringing in $29,000 a month that is a $20,000 a month surplus. That is a $240,000 a year surplus. I think your debt is giving you anxiety so I would take the surplus and get debt free. You also said that you love golf and play twice a week. A huge money saver would be buying a yearly golf pass.
I thought Monica just became a real estate agent 2 years ago but she said she has been making $500k for the last 4 years? I’m surprised she even makes $250k from real estate in only 2 years. With only 2 years of experience and no previous network she already shot up to be within the top 1% of real estate agents in the entire country. Something not adding up for me.
it’s wild to me that someone with so much money can still be stressed about it. & it’s crazy how much debt rich people take on. maintaining high overhead would stress me out too. I don’t make anywhere near y’all but also have no debt …but y’all inspire me so much, you’re so confident with maintaining your income & managing your money #GOALS!!
I like the whole overview and the honesty about income, purchases and expenses. As a current 34 years old I cannot relate at all. One month’s wages is more than my annual income. I have no chances of owning a property in the UK. It is interesting to know more about others’ people lifestyles but it can also be very overwhelming if someone tries to compare themselves to it.
Well done Monica. What a self discovery project this must have been for you, especially doing it after Shelby did. It’s nice to be able to count your blessings and see where you are and why you love your life, even if it’s not the same as your siblings, I deal with the same thing exactly. I’m a grateful girl too xo
Although these are good you and your sister should be really cautious about using a possibly trademarked or copy righted show series. Companies like cnbc might send you two cease and desist letters. Just some thoughts I love you and your sisters articles and the transparency I just know how ruthless those companies can be. Hopefully both of you reached out before hand. Would hate to see a copy right strike! Just being real!
So inspiring to see a woman who is doing so well be so transparent. You’re the role model my younger self would have needed. Now on to me to work hard and try to double my income! Thank you for the motivation, and best of luck on your budgeting journey. Also, if you’re going to live in California for 50% of the year, it’d be interesting to learn more about how you plan to handle the tax consequences.
I’m moving out into my first apartment alone in Appleton, Wisconsin. Nothing compared to Seattle or Palm Springs, but it’s a small metro city. Just recently they added Bird electric scooters to the community which I thought was cool. At 23 years old I also spend a lot of money too! I’m not worried about paying bills or anything but more concerned about investing for my future, like if I want to purchase a home in 5-10 years and for unexpected health emergencies. I’m still navigating that.
No one really finishes an RV Renovation themselves…too much of a time suck. That is a good learning experience I suppose. Plus Airstreams are over rated. There are options like Oliver and Escape (Chilliwack BC). The Escape 23 is about $60k. But who really wants to spend that much time in a Trailer. Don’t buy a new SUV to pull it. Buy a 2 to 5 year old Truck or SUV and let someone else eat the Depreciation. Anyways… enjoyable to watch. You are doing GREAT. Keep doing it. :). Also do NOT buy and EarthRoamer… you do not have that kind of travel time :P. You really need an investment strategy. Take a chunk of money every 90 days and buy stock to hold for at least 30 years. Then you will always be well off.
I love that you have a savings account for your dogs. Have you considered pet insurance? We’ve had policies since 2015 and they have paid for themselves. One of my doxies has had over $27,000 in claims in the most recent 3 years. We found Pets Best to be the best price recently. I guess it all depends on how much you’re able to put in savings for your dogs if it makes sense to consider policies for them too. Love the transparency of these type of articles you do.
Man you’ve come a long way since the Hairodynamic days and when I first started perusal you when you were a teen (and I was too..) Really time flies… LOL $250K from your Youtube career – you’ve made it! I’m a doctor and I earn around that…. You really worked hard to go down the self-starter/influencer route – very competitive space!
In answer to your question, yes, I would be interested in a follow up article. because I get the same feeling. If you find out the secret, I would be interested to know. I now employ my daughter to manage the bank account and expenses, but I still get the same feeling when she asks, “When’s the next invoice being paid?”
with respect, what’s the point of this article? you earn a lot compared to most 28-year-olds, let alone Americans or people on Earth. And you seldom from your own chart save your money. Seems you’re just boasting about being young, rich and reckless. i’m not even being critical but then I genuinely don’t see your point here.
I work in finance and I’d definitely recommend still checking your reoccurring charges quarterly! Even if you report your card missing- some companies keep your cc information and although the card number itself changes, the account remains opened/the same so they are able to continue billing. I’d recommend calling your bank and requesting to turn off reoccurring charges which is an added measure to assure they are completely restricted from going in and billing your credit card! You can actually skip reporting the card missing and just stop reoccurring charges! A bonus is you won’t have to wait for a new card too!
Monica get a high yield savings account to park your cash and keep looking for real estate buys. Stay liquid so you can take advantage of opportunities. And if you can get a property paid for you will love it. Too much mortgage debt can be a real problem with the volatility we are seeing in the housing markets. Botox at 28 years old? Give me a break.
Cool seeing this. Thanks for sharing knowing you will have the internet scrutinizing your spending habits lol. I was thinking 300/mo on wine or 1500/quarter on clothes is sooo much but putting it into the perspective of what you earn it is not much at all. Lastly, just want to say it’s nice to hear you say that you are not putting pressure on yourself to make more, more, more. Our society can be obsessed with infinite growth.
Question. I lived in Austin for 10 years and currently in Memphis. Im planning tp visit and see if Seattle is a fit. Would you rate Seattle over Austin? What is a good neighborhood to live for a young single professional over 30? I lived in Atlanta, San Diego, and Naples Florida too. The cafe scene is part of my routine and I prefer clean upscale area
Thank you Monica for looking at this episode, I am about ten years older than you, and I make way less I live in Austin, Texas, but I like your article because I struggle with money. It comes from emotional spending, Im one of those people who like to do different things. I think I was meant to see this article because struggled really bad, I going to keep going. I did want to say that I want to pray for you are a beautiful soul, I saw sadness in your eyes you are on the right path please take some time to relax and self-care, I’m not sure if you are spiritual but it ok, you will obtain everything you desire, I wish I had your drive. It was in my heart to pray for you, just be patient, the Lord will work everything out, take care of yourself, and put your needs 1st. Have a bless day.
When it comes to shacking up, i have a 3 year limit. There’s some things you won’t find out about your significant other until you start living with them so 3 years is fine. But once you hit 3 years shacked up, you should be able to decide if the person you are living with is the person you want to spend the rest of your life with.
Mmmm. When I was 28, my income was a cool $30K a year. But I bought a 3-bedroom house for $60K. So, it’s all relative. What I did learn very quickly, if you want to make good money you must have several income streams. 5 years later, I was employed and had a software business as well and was earning a total of $120K a year. That was 1994. So, I was making good money. A year or two before you were born. The family grew and I soon learned, even that money was not enough for a family. Eventually, I had no choice but to go self-employed. Income grew and peaked at $750K a year with an average over 10 years of $300K per annum. Now to buy the same house I bought for $60K with the two extensions I did on it for $180K, would cost me about $650K (I sold it 3 years ago for $623K, so over 30 years did I actually grow my income, or just kept up with inflation? I will let you be the judge. Like I said at the start, it is all relative. 🪃🦘🤔
I’m a 54 year-old woman from Australia and I love this kind of article. I’ve been following you and Shelby for a few years and i am so impressed by your work ethic and willingness to share so much financial information, I find it absolutely fascinating. It blows my mind that people earn this kind of money (I know how hard you work). I’m always excited when I see a new article from you and Shelby, well done, you deserve everything you get. xx
You may want to consider keeping the Porsche and buying an additional car. It’d be more money, but it may be worth it to be able to keep both cars. 🙂 What kind of car were you wanting to purchase for hauling the AirStream? If you’re considering a pickup truck, then you may want to test-drive the Honda and Toyota pickup trucks. I’ve never driven a pickup truck and I know nothing about them, but the Honda and Toyota models might be worth test-driving, in addition to the more common pickup truck brands.