The financial advisors at Black Harbor Wealth Management have devoted themselves to helping individuals plan for retirement, manage their wealth, and create a platform for a stable future. No matter what you think about the current political climate, there’s one thing we can all agree on: planning for retirement is essential. While it’s all too easy to focus on accumulating wealth and growing your savings, there are a few things we should learn from our millennial children.

Don’t Dismiss Technology

Your children understand the importance of modern technology. It’s become such a part of their lives that their smartphones often seem like an extension of themselves. While you may be tempted to forgo becoming familiar with technology, try to embrace it. After all, technological advances happen every day, and they’re designed to make your life easier. Embrace the change and learn to use that new laptop. Once you’re familiar with the basic functions, you’ll start to see how much it can simplify your recordkeeping.

Embrace a Bit of Fun

When you’re saving for retirement, it’s all too easy to get caught up in your account balance. No matter how important retirement planning is to your overall financial strategy, you should always remember to take a break. Hard work pays off, but not when you’re burned out and exhausted to the point of forgetting to enjoy life. Make time to take a walk, go to a movie, or take your spouse out to dinner. Little excursions often take the stress out of life and help remind you of the true assets you have in your life.

Take Risks

For once, we’re not talking about investment risk! Your millennial children or grandchildren understand the importance of taking risks because it is the only way they can succeed. When you were younger, you were probably told that you could do anything if you put your mind to it. Well, that old adage still holds true. The last thing your family wants is for you to feel that you neglected your passions out of a sense of responsibility to them. Take a risk, do what you love, and follow your dreams. Black Harbor Wealth Management can help.

Give Back

You’re a part of your community and it never hurts to give back to show your support and love for your neighbors. Whether you give to a local charity, or donate time and energy to a cause, give back. It doesn’t have to be something huge — volunteer at a local soup kitchen, pick up garbage at your favorite park while your grandkids are playing, or help out at your church’s next function.

Remember to Laugh

No matter how stressed our millennial generation gets, they always seem to remember to laugh. Take this lesson to heart. Even when things seem bleak and your world is full of stress, crack a smile, see the humor in the situation, and laugh it off. We spend too much of our time angry, upset, and stressed. Let it roll off your back and take a deep breath.

 
Despite common perceptions, our millennial children are just as hard-working as we are. They simply respond to situations differently. As a parent, your child is often one of your greatest teachers. Keep learning from them as you focus on retirement planning.