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Career and Financial
Management Strategy for
Millennials – 22 year olds to 38
year olds
By: Paul Young, CPA, CGA
Introduction
• Issues facing the millennials
• Educational System
• How do Millennials help themselves
• How do Millennials managed their finances
Presenter / Paul Young, CPA, CGA
• 25 years in Corporate Finance
• CPA/CGA since 1996
• Educator for CGA/CPA
Factors facing Millennials
• High student Debt - $28,000
• Low job prospects (slower economic growth)
• Housing Costs (rise)
• Low Wage growth
Education System Failures
• Pushing students to degrees without understanding Return on
Investment (Educational spending)
• University not provide soft skills to succeed
• Government lack of focus on the skill trades or business requirements
in terms of skill set
What can Millennials do to help themselves
• Do research into career options and skills required to move their career along?
• Network and Network
• Social Media – i.e. Linked in
• attending network sessions with business
• reaching out to successful business people/Mentoring
• Managed your name as brand name
• Managed your name like a brand (Coke(
• Experience with notable companies
• Volunteer with charities
• Take on additional work experience/tasks
How do millennials managed their finances
• Make a budget stick to it
• Saved early on for retirement by taking advantage of TFSA and RRSP

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Career and financial management strategy for millennials – 22 year olds to 38 year olds

  • 1. Career and Financial Management Strategy for Millennials – 22 year olds to 38 year olds By: Paul Young, CPA, CGA
  • 2. Introduction • Issues facing the millennials • Educational System • How do Millennials help themselves • How do Millennials managed their finances
  • 3. Presenter / Paul Young, CPA, CGA • 25 years in Corporate Finance • CPA/CGA since 1996 • Educator for CGA/CPA
  • 4. Factors facing Millennials • High student Debt - $28,000 • Low job prospects (slower economic growth) • Housing Costs (rise) • Low Wage growth
  • 5. Education System Failures • Pushing students to degrees without understanding Return on Investment (Educational spending) • University not provide soft skills to succeed • Government lack of focus on the skill trades or business requirements in terms of skill set
  • 6. What can Millennials do to help themselves • Do research into career options and skills required to move their career along? • Network and Network • Social Media – i.e. Linked in • attending network sessions with business • reaching out to successful business people/Mentoring • Managed your name as brand name • Managed your name like a brand (Coke( • Experience with notable companies • Volunteer with charities • Take on additional work experience/tasks
  • 7. How do millennials managed their finances • Make a budget stick to it • Saved early on for retirement by taking advantage of TFSA and RRSP

Editor's Notes

  1. http://cfs-fcee.ca/wp-content/uploads/sites/2/2015/03/Report-Impact-of-Student-Debt-2015-Final.pdf