Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
I remember the first time I took a basic hip toss during a Brazilian Jiu Jitsu class (BJJ)
Most people associate BJJ as just a ground based martial art but don’t be misled.
We were practicing transitions from standup to ground position.
An experienced student casually slammed me to the mat.
WHAM
The effects were anything but casual. If we were in the street I probably would’ve broken something.
In fact, the instructor remarked that in a real fight he knocked someone out before just from the impact of the slam.
As I slowly got to my feet, I kept that in mind as I could still feel the mini shockwaves through my body.
Fast forward a few decades later, I observe that Millennials (and Gen Z) are taking yet ANOTHER economic body slam.
Depending on your age you’ve taken at least three economic shocks to your system.
If you’re an “elderly” millennial you probably felt the pain of the 2008-2009 Great Financial Crisis.
WHAM
You probably struggled to get a decent job. For those that were lucky enough to get one you probably started to climb the socioeconomic ladder and then….
WHAM
A global pandemic in 2020 caused all types of economic mayhem. By some miracle some of you were able to save up for a down payment on a house and then…
WHAM
Good grief, in 2022 a war causes breaks out that causes global inflation to skyrocket out of control. The central banks finally start jacking up interest rates to fight inflation and then…
WHAM
That caused mortgage rates to go up pushing a home purchase out of reach again. To add insult to injury a lot of popular millennial investments like tech and digital assets have crashed and burned.
Some are still burning!!!
2022 exposed my weakness of trusting in people.
I put money into things like the Anchor protocol on Terra, and Gemini Earn because the people involved seemed “trustworthy”. The returns looked “reasonable” (compared to some other degen crypto yield farming protocols).
What a dope I was!
The deeper I got into the digital asset space the more I became a pie in the sky guy!
Then things really went to hell because of a certain Bahamas resident…
Now a lot of us need to get a second or third job…
Would you like some fries or financial advice with that?
The illusion of crypto truth has been shattered.
Digital assets are now expensive entertainment.
It’s bad enough that the boomers that have power and wealth manipulate society in their favor. This isn’t some generation gap or battle. I’m sure there are boomers that are struggling too. Some boomers care about future generations:
Besides some millennial “influencers” are screwing over their own!
I don’t wanna meet Kevin, I don’t give a damn about Graham, and I sure as hell don’t want to leave my financial “education” to some youtube clown.
Frens, 2022 taught a lot of harsh lessons.
In 2023,let’s roll up our sleeves…
Merry Christmas, happy holidays, and have a Happy New Year!
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
