In the transition phase between adolescence and adulthood, which usually occurs after completing high school, many parents are in the habit of offering advices questions to guide their children.
While his intentions are good, the reality is that the class of 2023 will face a job market marked by one of the greatest uncertainties since the 2008 financial crisis.
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Matt Higgins, a successful millionaire and CEO of RSE Ventures, shared his experience of going through similar adversities. From his childhood in poverty to his decision to drop out of high school to care for his ailing mother, he faced significant challenges.
During his challenging trajectory, the millionaire discovered that the key to success was not playing it safe. He realized that the worst and most outdated advice that young people receive is precisely this: opting for security over the pursuit of opportunities and growth.
Here's advice parents need to mediate whenever possible!
Advice to children that need to be avoided
“You need to have a background in mind”
Research has shown that having a Plan B in mind can significantly decrease the likelihood that Plan A will come to fruition, as well as affect motivation to pursue that plan.
It is important to remember that during youth there are certain opportunities and experiences that may not be available later in life. It is essential to trust your ability and agency to find solutions if Plan A does not materialize as expected.
“Don't worry so much about the little things”
While disabling anxiety must be addressed, it is important to recognize that not all anxiety is problematic. In fact, studies have shown that successful entrepreneurs can control anxiety and use it to their advantage.
These achievers maintain a state of “ideal anxiety,” which represents a healthy balance between having anxiety enough to stimulate focus and improve performance, without allowing it to become excessive and impair performance. excellence.
Therefore, perhaps, the young person really needs to worry about little things in order to know how to control himself.
“Buy a house”
While cash is important, stating that “cash is king” is an oversimplification. It is true that saving money and preserving liquidity are wise financial practices.
This can involve making informed decisions, such as choosing to rent over buying a home, especially if there are predictions of a significant correction in the real estate market that could take years to unroll.
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