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
I’m heading to Singapore for a few days to facilitate a scenario planning workshop on behalf of the Asia Business Forum. There is something intimately exciting for a futurist to be going to arguably the most future focused of all countries and to spend just a brief time immersed there. There’s no doubt that great…
Read More >Greenwashing is a term used to define marketing actions by organisations, claiming to take an environmental approach to their products or services, when in fact, they are doing nothing or very little. Greenwashing is a form of marketing hype, and in turbulent times, many companies may be contemplating ‘sexing up’ their image by tapping into…
Read More >Strategic Futurist Marcus Barber will be the key note speaker at the Australian Computer Society’s annual conference to be held in Adelaide on July 30 at the Adelaide Convention Centre With the theme ‘Survive and Thrive’ Marcus will discuss the likely issues of the near term future and why right now, organisations do not have…
Read More >The next Advanced Strategic Planning one-day workshop being run by The Australian Strategic Planning Institute will take place at Rydges in Adelaide on the 13th of July and bookings are now open The TASPI workshops are jam packed with ideas and processes to ensure that your operational, business and strategic planning efforts deliver the…
Read More >Hands up if you remember the dot com bubble? Or how about the Y2K bubble? Housing bubble? ‘Bubbles’ as they apply to all things economic are little more than an oversupply of positive confidence in a particular area of economic concern. In fact ‘Bubbles’ are caused by the SAME things as ‘Recessions’ just at opposite…
Read More >Just a handful of places are left for The Australian Strategic Planning Institute’s one day Advanced Strategic Planning workshop at Karsten’s in Melbourne on the 26th of May. Please note that there are no places available for the June workshops in both Brisbane or Sydney, and the Adelaide workshop in July is half filled though…
Read More >Richard Pratt has succumbed to a battle with prostate cancer and there’s no doubt that many words will be written on paper destined to end up as recycle materials at his VISY Industries plants. There’s a harmony in that thought – all those words of type and paper discussing Richard Pratt will be recycling through…
Read More >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…
Read More >It is almost a year since the Australia 2020 Summit was held in Canberra and it is expected that Prime Minister Kevin Rudd will provide feedback on the summit, the ideas it generated as well as the ideas of those not at the summit who provided input and thinking. Of course a lot has changed…
Read More >A few years ago whilst researching and generating ideas for the National Geographic Channel’s futures based TV shows ‘Future Matters’ I discussed the idea of what I then called ‘WEs’ or Wearable Electronics. I mentioned that this was a substantially different approach than portable electronics, which is what most mobile phones and laptop computers were…
Read More >