Dangerous wrong with our young guns.
25-10-2022
Most of the third world countries has lot of common problems and issues where we are lacking. Although we are far away in technology, education and skills but same time we have lot of other factors as mental level, thinking and low futuristic approach.
I read many successful stories of people especially from new generation and I found that our youth has lot of dangerous trends and expectations. Most of us is in hurry and looking some quick & short way to be rich.
I found three major causes where our young guns falling wrong , get hurdles and not getting right trigger to push themselves into main streams.
Trust of elders.
The big factor of our society is trust of elders. Most of our elders ( parents, elder brothers) not have trust on their youth guns ( boys and girls) . So they always hesitate to give any amount in the hands of them to do investment/ business/ venture. They always thought them "kids" and not allowed them to be in self finance position.
The" fear of lose" sitting in minds also not gives free hand to them. They always think that if we give amount to our kids they are still not mature and don't know about any thing. This mentality keeping our youth away from ventures and business in early age. We reached on 25-35 when our parents started doing trust on us to do something. Till that age in other countries youth becomes millionaire.
Big dreams.
Our youth mainly thinks about big adventure/ high investment/ huge opportunity/ dreamy lucky pot / lottery etc. They wait and wait more time in such opportunity. If someone advice them to get start from low capital or from low level, they instantly refuse.
Personally I know lot of people who didn't start any small level business in hope of big opportunity and they cruised down in Covid19 time badly. Dreaming bigger is not a fault but not starting from zero is fault.
One basket.
Most of us starts any venture by copying others which is not a good idea. If a person starts a coffee shop and getting good earning then within no time lot of people will jump in the business. It is wrong race by our youth.
Also they never think on multiple channels of income. They put all the eggs in one basket and wait for a golden chick. I know some of my circle who invest money in Crypto in bigning of the year in hope of golden chick but unfortunately they loose even own capital.
We know the horrible stories of Crypto market and every day new scams hitting the deck but still our young guns investing in Crypto as major business. I am not against this investment or business but as experts say that we should not invest in Crypto more then 5-10% of our capital which we can afford to loose.
Working on single basket investment program cannot guarantee of success. But if we explore multiple way of income which can save us in any blunders. One basket idea may work good but not every time it is good to do . Passive income sources like rentals, online work , tution, side hustle like cooking, gardening and mapping are been proved good sources to rely on.
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We should give time to our young generation. I don't think when our youth had skills in a business then we should hesitate for investment. It all depends on our elders approach also, sometimes they are wrong in many decisions.