Fact-checking a mogul’s claims about avocado toast and millennials

Good read about relevant avacado related issues. 

http://www.cnbc.com/2017/05/16/fact-checking-a-moguls-caims-about-avocado-toast-millennials-and-home-buying.html

I don’t know where this millionaire buys his smashed avocados but I dont pay $19! 

On that note GyG (burritos)  have responded in fighting form with a special price on smashed avo.  

Don’t forget to follow @smashedavo_ on instagram! 

Shares v property what’s the smartest investment option for millenials?

According to Google (very reliable, right?) the younger generation are opting for shares as a way of investing all those spare dollars that aren’t being spent on smashed avo.

I can see the appeal in the sense that it requires smaller contribution and perhaps as the article I have attached below indicates A much more flexible way to earn some extra money.

But is it less risky then property?  Isn’t the ability to pay off a mortgage rather then rent for eternity the smarter option?

Maybe we should be saving for a house deposit by investing in shares.

I don’t know the answer! I personally have a share fund that buys the top blue chip shared as it manages itself. I can’t say I am informed enough to determine the pros and cons involved in freelance stock broking.

Have a read of the article attached and tell me what you think!

http://www.abc.net.au/news/2017-01-19/millennials-urged-to-consider-investing-in-shares-not-houses/8192008

 

Insta @smashedavo_

I’ll have my smashed avo, and eat it too.

In response to the attack on smashed avocado.

Written by a millennial.

When did my food preference become indicative of my financial status? Why can I no longer sit at my local café and eat a certain type of avocado without snide comments about my apparent entitled demeanour?

Although I don’t have the answer to these questions I am inclined to point the proverbial finger at the current economy. Whilst I am no financial mogul, and the only thing I know about the stock market is that all stock brokers are drug addicts (thanks Wolf of Wall Street) I am in fact aware of some of the major issues facing the younger generation.

One of the hot topics circulating social media is the unattainability for Gen Y’s to purchase a first home. Some blame the ridiculously high prices of real estate in the Capital cities, some say Millennials are entitled and too fussy when it comes to terms of employment, and some say in conjunction with the two aforementioned issues millennials refuse to budge on their expectation when it comes to lifestyle.

While the older generations, specifically the baby boomers, settle into retirement the spotlight is on the youth of today. Why don’t we have careers yet? Why are there holes in your jeans, did you get robbed? How could you spend $85 on shirt!? Well, whilst not all youths should be categorized as lazy and obnoxious, we need to face the facts that society has changed drastically over the last two decades. Yes I will spend 30+ minutes on my hair, I will take fabulous photos of my food and wait for social media to validate that it does in fact look delicious, but do these qualities directly correlate into being forever financially unstable? I think not.

I have to say that while I am strongly in defence of the millennials financial capabilities especially in the current economy, I do agree with some of the points raised by the opposing generational groups. We need to move, expand, realise that there are opportunities that exist even though there may not be a café within 100metres of wherever that opportunity takes us.

Decades ago a bachelor’s degree would mean you are snapped up by employers and guaranteed job security for as long as you wanted it. Fast forward to today where they are dishing out degrees like Centrelink money to the minorities.

So where does that leave us and how do we get past those stereotypes and excel financially, and yes god forbid by a house! Well my suggestion, Move!

Instead of quoting numerous case studies and expert opinions on chances of success in remote (and I use that term loosely) areas of Australia humour me for a moment as I briefly describe how I went from a slightly alcoholic university student studying, you guessed it, a bachelor of arts, to a slightly alcoholic homeowner and shareholder within five years (I still don’t have a bachelor’s degree).

The long and the short of it is I moved. I moved from Brisbane to Cairns, I gained a career and in a year saved up enough for a house deposit. But wait, I hear you say, don’t you need 100k plus for a house deposit? You must have gotten a one in a million job you lucky bastard! No. I have an average salary, the benefits of not living in a capital city is house prices are extremely affordable and in a tourist centric city like Cairns the opportunity for unskilled youths to gain employment is high.

I travel overseas twice a year, I eat takeout food more times a week then I cook, I wear questionable items of clothing and I drink at least 2 caramel lattes a day. Aside from the looming negative health benefits of my lifestyle I can say without hesitation that I do not regret moving. I am able to live in the lifestyle that I have become accustomed to, whilst finding a way to succeed in this unstable economy.

So to all those older generations out there who continue to judge youths on our appearance and over entitled ways, don’t judge a book by its cover. Some millennials have found a way to eat our smashed avo in relative financial security, so please reserve those snide comments about my jeans for discussion at your next bingo game.

If you are a successful millennial tell me your story.

If you are not then follow along and get inspired.

http://www.smashed-avo.com

insta@smashedavo_

beach