Feeling Left Behind? Here’s How Millennials Are Secretly Thriving Financially.

n this episode, Steve Rhode and Damon Day discuss the surprising
financial progress of millennials, a generation once mocked for
living with their parents and struggling with basic expenses.
They highlight that many millennials have outpaced Gen Xers and
boomers in wealth accumulation, largely due to strategic
decisions like buying homes before 2019 and contributing early to
retirement plans. Despite this progress, they acknowledge that
not all millennials have benefited equally, with some still
struggling financially. The hosts emphasize that it’s never too
late to start making smart financial moves, whether that means
saving, investing, or getting out of debt.


The conversation also delves into the importance of having a
financial plan, especially for those feeling left behind. Damon
stresses that without a plan, people tend to react rather than
act strategically, which can lead to financial stagnation. They
discuss the benefits of buying homes further from city centers as
a way to enter the real estate market and build equity. The
episode wraps up with the hosts inviting listeners to suggest
topics for future discussions, underlining that while financial
advice may seem repetitive, its consistent application is key to
long-term success.