#20 - The Fifty Year Plan: How Gen Z Will Build Their Lives and Businesses

Stupid Tax

Mitchell and Scott pick up today's episode in the middle of a conversation about whether "the kids are gonna be alright." As Gen Z enters the workforce en masse, they do so with very different expectations than the millenials before them. Zoomers are well aware of the long and ongoing slide in real middle class wages, as well as employment uncertainty. They have less of the entitlement and belief in institutions compared to millenials, and they exhibit no lack of work ethic. In spite of this, says Scott, many Zoomers lack creativity and ambition when it comes to building their lives, and, in turn, structuring their business activity around their life.

Mitchell and Scott discuss the concept of a "fifty year plan," developing a long-term plan (a liftetime view, for most Zoomers) for your life and business. Once you identify the things you want in life, it begs the question: is your business getting you there? Can it get you there? Because if it's not, or it can't, then it might be time to re-examine your priorities, or the way you do business. The years will pass you by whether you like it or not, as Mitchell points out, so you owe it to yourself to create a plan and set a course toward what you want in life. Of course things will change -- it's a fifty year plan, after all! -- but it gives you a framework to evaluate the actions you are taking, or not taking, on a day to day basis.

Settlers of Catan TikTok: https://www.tiktok.com/@justindarnellcomedy/video/7167012784339717418

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Mitchell Baldridge

Twitter: @baldridgecpa

https://baldridgecpa.ck.page

https://baldridgefinancial.com

Scott Hambrick

Twitter: @hambrickscott

IG: @ogscotthambrick

https://onlinegreatbooks.com

https://scotthambrick.com