If there’s one thing that millennials have, it’s time. Millennials don’t have much else, of course — especially during this pandemic. Millennials were born in a recession, entered the work force during a recession, and are now trying to juggle careers and family during an economic downturn and pandemic. So, it doesn’t seem all that likely that there could be millennial millionaires.
But again, millennials have time. That means you absolutely could become a millennial millionaire, if you can be patient. That’s really all it takes. Because millennials don’t have all that much disposable income, it does mean they are great savers. Most have money put away, but not everyone is investing. That should be the first thing you should change. It doesn’t have to be a lot, but by just putting your cash in a Tax-Free Savings Account (TFSA) is a great start.