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Why Millions of Millennials Are Now Suddenly Millionaires
Smart investments can make anyone rich. Take Michael Martocci for example. He’s a very well off 26-year-old who got his money from investing.
Strangely, though, he is pushing 90% of his investment money into cryptocurrency. That’s insane. Now, Martocci is turning down golf invites from Goldman Sachs members who want to recruit him. He’s declined their offers.
So, why do we tend to think that millennials are bad with money? Like I said, the statistics show that folks younger than 35 bring home just below $14,000 a year. That number grows exponentially the older you get: 35 to 44-year-olds bring home $91,300; 45 to 54-year-olds bring home $168,000, and fast-forward to those who are 75 or older… They have a median income of $254,800.
Across the board, there’s a perception of laziness. One of the biggest reasons for this is actually the labor shortage, which has been an issue for a while, but the pandemic made this perception even worse. As I’ve talked about on this channel a hundred times before, that alone is a misconception.
Now we’re seeing companies have to incentivize people to return to work. Here’s a huge silver lining: people, particularly these millennials, really developed a sense of self-worth.