Cash is king: Self-made millionaire shares the ‘most outdated’ life advice young people need to ignore
A self-made millionaire CEO has shared the ‘most outdated’ life advice that young people should ignore. According to him, “cash is king” and that young people should avoid certain notions spread by the older generation. The CEO argues that while older generations believe in “working hard and paying your dues,” young people should focus on making money and the need for cash in hand.
Why cash is king according to the CEO?
According to the CEO, cash is not only crucial in emergencies but also plays an essential role in wealth creation. He believes that young people who focus on acquiring cash and managing it correctly, will be in a better position to invest, travel the world, start a business, and even retire early.
Outdated life advice for young people
The CEO further highlighted the following life advice that is outdated and needs to be ignored:
- The notion of “working hard and paying your dues.” According to the CEO, it is not enough to work hard; young people need to work smart and focus on making money.
- The idea that a college degree is essential for success. The CEO argues that higher education may not lead to success and financial stability and that young people should focus on learning new skills and finding creative ways to make money.
- The notion that “debt is a necessary evil.” The CEO advises young people to avoid debt as much as possible and to focus on saving and investing instead.
- The belief that “you should live within your means.” The CEO advises young people to focus on expanding their means instead of simply living within them.
Advice to young people
The CEO urges young people to be willing to take risks, learn from failures, and use their youth to their advantage. He believes that young people have a unique opportunity to make their mark on the world, and acquiring cash is the first step towards achieving their goals.
Final thoughts
The advice of the self-made millionaire CEO highlights the need for young people to focus on acquiring cash and managing it effectively. With the changing economic landscape and job market, the need for cash in hand is becoming increasingly vital. By ignoring outdated life advice and focusing on building wealth, young people can be better equipped to navigate the uncertainties of the future and achieve their goals.