How to Spend your $900 – think about your future needs first
Thousands of Australians are just receiving or are about to receive a pretty handsome cheque from the Federal Government as part of the economic stimulous package. The question then is ‘what do I spend this on?’ Below I offer a futurist’s view on where certain generational types might consider spending the bonus.
As a Strategic Futurist I am asked to help individuals and organisations of all shapes and sizes consider emerging issues and potential implications as a result of those issues. Below is a ‘generational’ take that might assist you when thinking about your future and how to spend the funds wisely:
Boomers – okay let’s say you’re about to be in receipt of a full $900 – where do you use the cash? Well if I was a Boomer, I’d be looking at two areas in particular – training, and training. First, consider a book-keeping course – it’s a great skill with plenty of ongoing demand, and second then about doing a Cert IV in Training and Assessment – that workplace experience and teaching qualification could be in great demand. Alternatively, think about buying yourself a good bicycle with all the riding accessories you need – helmet, lights etc. You might find you’ll need to stop driving or have more time to spend with the grand kids
For Gen Xers (the ‘forgotten’ generation) – the Cert IV in Training and Assessment is a must do, slightly after paying off Credit Card Debt. If you’re okay in those two areas then I’d certainly think about getting a yearly gym membership – just make sure you pay all in one hit so you don’t get locked into contracts with horrendous and punitive ‘get-out’ clauses. The training qualification will be useful in later years as the upturn kicks in because there will be plenty of people needing to be re-trained in a hurry. The gym because if you find yourself temporarily on the scrap heap, your health can go down hill fast. Committing to staying healthy means your state of mind is sharper, you’ll look better and you just never know who you might meet there. For many, it’ll be a chance to make up for one too many good lunches and long working hours that rarely included sufficient exercise
Gen Y – ah yes, the first shock to the system for many in this bracket. Consider buying camping equipment and an outdoor stove because you might just find that you’ll need somewhere to live once the rental and free accommodation dries up. Also a good bicycle because if your friends lose their job (or you do) running a car will be expensive – same goes for a reliance on parents to drive you around – such an asset may no longer be available and the ol’peddley will turn out to be more than a useful option
There you have it – enjoy the cash, spend wisely
Okay the time has come again where people ask me, as a professional futurist, for my tips for the Melbourne Cup. As always I advise them that my area of expertise does not reside with horse racing so really, I have as much chance as anyone and their own system, of selecting a winner. That…
Read More >ABC Darwin’s Vicki Kerrigan and I chat about the future of dentistry – is it possible to grow you own teeth? Are dentist visits going to become a thing of the past? And in the second of today’s updates, we also chatted about the Future of Parenting – is it time that you needed a…
Read More >Organisations like CleanUp Australia and Take3.org have (along with many others) taken a leading role at identifying and removing waste that has entered our environment. Their efforts are fantastic yet have one clear problem – they rely on volunteers to clean up the mess of others, after the fact – it’s a ‘playing catch-up’ strategy.…
Read More >The Retail sector in Australia is slowing coming to grips with the fact that for the past 50 years, they’ve had a captured market and enormous profit margins. and that now, the times have changed. Whilst many point to the internet as a cause of their woes, others are pointing out the apparent high cost…
Read More >he many people who’ve been through one of The Australian Strategic Planning Institute’s workshops over the past six years, will know how much emphasis is placed on the need to pay attention to things going on around you. In particular as part of the idea of tracking your progress toward your desired future (your Vision).…
Read More >As a Futurist I’m often asked what I think about certain social media tools (and most technology for that matter). My answer is always aligned to the thought that ‘if the technology is working for you, and not against you, it’s probably a good thing. Here then are my thoughts about building up a useful…
Read More >Will alcohol have a legitimate place in societies in the years to come? As we slowly awaken to the horrendous impact of alcohol related harm and it’s social and financial costs, will Australia’s widely held acceptance of alcohol consumption begin to wane? This MP3 of my chat with Vicki Kerrigan on ABC Darwin drew…
Read More >Well as I’ve discovered them! These three questions (and my normal answers) are based on what I get asked consistently when I’m presenting or facilitating a session about Strategic Planning, ‘the future of…’, and how societies might look five, ten or twenty years from now: Question One – ‘What is the most important thing to…
Read More >Every now and again what sounds like a really good idea turns out to be less beneficial than what was hoped for. Strategic Futurist Marcus Barber wonders whether or not the Victorian Government’s ‘4 Minute Shower’ idea is a current example? For those of you that have read my paper ‘A Drop in the Ocean’…
Read More >There’s a lot to like about Mars. For centuries the name given to the Roman God of War (in honour of its blood stained hue) it has given us an opportunity and point of focus to think beyond our own planet. There’s been some vast mythologies about the deep channels (interpreted as canals meant signs…
Read More >