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
It is a tad unfortunate that in the past couple of weeks I’ve had to experience the way in which one of the players in the car insurance industry treats its customers. I haven’t lost a single demerit point since well into last century and consider myself a pretty safe driver. So a couple of…
Read More >Marcus Barber has teamed up with Marketing expert Tod O’Reilly to write ‘Recession Proof Marketing – how to survive and thrive in a recession’. The book is due for completion by the end of March, 2009 and pre orders are now being taken for advance copies Tod was the account manager for both the David…
Read More >At the Long Now group run by Stewart Brand, they have regular guest speakers on a whole range of topics. Recently they had Russian Dmitry Orlov who discussed what happened in Russia during the economic crisis in the early 1990’s and what people around the world might need to do to prepare for the current…
Read More >This is Part one with Part two (looking at who will probably better off at this time next year) to come shortly. If you are in a position to sharpen your thinking, catch a breath or use some time to improve your understanding of the ways in which we create our societies, then I have…
Read More >What’s emerging for 2009? What might shape the near term future, what can we do about it and what are some of the indicators suggesting change or otherwise? Strategic Futurist Marcus Barber joined Raphael Epstein and co-host Denise Scott, as part of the panel to answer the questions on the 774 ABC’s conversation hour today……
Read More >Yes you read right – thinking ahead I’m anticipating an amazing 2008. Happy new year to all for when it happens (depending on the calendar you subscribe to) and I look forward to some fun, challenges, stresses and enjoyment for the year ahead. Marcus Barber 🙂 PS – Hope 2007 was a good one
Read More >The Advanced one day Strategic Planning Workshop in Sydney on the 11th of December at Rydges World Square is now fully booked For inquiries about the next series of dates for the 2009 series, keep an eye out on The Australian Strategic Planning Institute website at www.taspi.com.au or contact us via email here
Read More >Every now and again what sounds like a really good idea turns out to be less beneficial than what was hoped for. There’s lots of talk right now about technology solutions and ways in which societies can change the way they use water – there’s conferences and ‘talkfests’ a plenty featuring many of the industry…
Read More >The second annual fund raiser was held in late October and attended by almost 300 people. Marcus Barber offers a brief update: The Blackwood 8 commitee put together a great fund raiser on behalf of the Ludwig Institute for Cancer Research in Melbourne. With a delightful crowd warm up by Greg Champion of the ‘Coodabeen…
Read More >The slides used as part of Marcus Barber’s key note address to the Regional Produce Summit are now available via the link below Held at the Wangaratta Gateway Motel (and the first conference event staged in its very impressively redsigned function room) the conference brought together a range of speakers to discuss culinary tourism,…
Read More >