Penelope Trunk has 8 new ways to think about financial security
2. Your ability to make money fast is your emergency fund.
3. Your ability to stay engaged is your retirement account.
6. Your high learning curve is unemployment insurance.
And for all the Young people who are screwed, Bryan Goldberg in Pando Daily recommends
Learn how to make somethingPosted by Jill Fallon at January 14, 2013 12:02 PM | Permalink
There are millions of unfilled jobs in America, and most of them are careers where you actually have to make and build stuff. If you grew up in an affluent environment, then you see your software engineer friends getting jobs easily. But it’s not just them. There are countless labor jobs — everything from HVAC to plumbing — that still pay big dollars. But rich kids don’t even know what those jobs entail.
My advice to young people is to figure out how to make something. That means either working with your hands, or learning how to type code with them.
And his Lesson No. 4: Don’t worry about your network. Worry about your friends.
If you have successful friends, you will be successful. It’s pretty much that simple. If you hang out with a bunch of losers, you too will adopt their loser ways and not achieve anything. Regardless of whether or not you go out and network, please make sure that your friends are ambitious and hard working people who you admire.
Your friends bring you up or pull you down. There’s no in-between. Make sure they are pulling you up.