We Need To Teach Our Young To Be Millionaires

We must teach our Young Adults that it’s OK to want to be a Millionaire.

When I speak at schools, I ask students what they want to be when they grow up. I get answers like a doctor, a nurse, a policeman, a hairdresser, a scientist. Some creative types even want to be musicians. Never, ever, do I get the response “I want to be a Millionaire!” But when I ask them if they want to be a Millionaire, then all hands go up.

Why is that? Why is the concept of being a Millionaire so foreign to our Young Adults?

Simple. The educational system is completely geared to the old model of getting our students as college- and career-ready as possible. This is what they know. This is what they do. This is what is generally accepted in academic circles and by society as a whole, not only as the best way to the future for our Young Adults, but as the only way.
Add to this dynamic the fact that most Young Adults do not grow up with Millionaire parents, or live in a Million-dollar home or pal around with Millionaire friends on the weekend. So the concept of being a Millionaire is understandably foreign to them.

In the school system where I live, I am pushing for the introduction of The Student Millionaire principles as early as Middle School. Students need to know that it’s OK to start thinking like this, to start thinking about creating their own job that is in line with their passions and interests, to create their own business that will make them a Millionaire.

Photo of Rich Patenaude with members of the 1st Student Millionaire Club

Rich Patenaude with members of the 1st Student Millionaire Club at Friendly High School

Our Young Adults need to know that they have everything they need right now to start carving out their own path to the future and to wealth. They are indeed smart enough. They have connections that they don’t even know about. They simply need to start thinking about it and make the decision to move themselves in that direction.

Yes, they have to take action and focus once they decide on their direction. And if aligned with their passion, hard work will become exciting and joyful.

Today the four legs to the traditional wealth stool do not make for a firm financial foundation: your home, your job, your retirement account and your health. And the current model of creating wealth is predicated on not experiencing any hiccups in any one of these areas, including your personal life.

The point of all this is to encourage Young Adults to create wealth while they are still young, by teaching them the principles they need to adopt and practice in order to do so, and use their lives and resources to bless the lives of others as well as their own.

Rich Patenaude
Wealth Coach to Young Adults