No Parent Could Have Prepared Us for the World We Live In Today!

No parent could have prepared us for the world we live in today!

Have you ever sat back and thought about just how much the world has actually changed over the past 20 years? How could we possibly have prepared for the world we live in today?

Whether it be the way we learn, the way we work, the way we travel, the way we shop, the way we invest, the way we date or find love, the way we connect and interact, or the way we define and store value, literally EVERYTHING has changed!

The scary thing is that most of us have been completely oblivious to the rate of change, and a lot of the industries we have today did not even exist back then.

Existing industries are becoming increasingly disrupted by new technologies (think Airbnb, Uber, Spotify, Netflix, cryptocurrencies etc etc.), and values have completely changed. Millennials, for example, value a collection of travel experiences and memories over the accumulation of physical assets.

The traditional route of preparation for your child’s future would have been something like this prior to 2000:

Go to school –> go to university –> find a job –> buy a house –> save and invest in traditional assets –> retire.

The world we live in today has changed, however, and as they say, there is more than one way to skin a cat, often more effectively.


Unless you are studying to become a specialist, by going to university you are actually setting yourself up for a long term of indentured servitude, if you pay for your own education.

Think about it. Let’s say you were to go to university in the US for 3-5 years paying between $11k – $40k per year using a student loan, and then you graduate.

A graduate might be in a better position to take on more risk and start a new business, or invest, but would be mostly held back from doing so by that enormous student loan which they have to spend decades paying off, and nothing, NOT EVEN BANKRUPTCY will have that debt cancelled, i.e. a modern form of indentured servitude?

Elon Musk will tell you that university is nice to show you can do your chores but it is not a requirement in order to work for him. Plenty of other companies now take the same approach, because education and knowledge aren’t monopolized by colleges and universities anymore. We have the internet today and you can literally learn anything you want online, and mostly for free if you know where to find it!

Work, Save and Invest

The way we work has changed because more people are now working online than ever before. According to Upwork, the number of freelance workers is growing three times faster than the rest of the work force!

We have opportunities in 2020 to avoid employment, be our own boss, and best of all, work remotely from anywhere!

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Jobs are, and will continue to be, replaced by new technologies such as blockchain, AI, robotics, and machine learning, most of which weren’t even around 20 years ago, so it’s a bit difficult to plan for it.

When it comes to saving and investment, there are so many more choices than 20 years ago!

Going back to values, if you want to become a digital nomad so that you can become a citizen of the world and not tie yourself down, then buying a property and planting roots might not be a viable option for you, but luckily there are many better investment choices to cater for your lifestyle, many without the costly transfer fees and maintenance costs, and many with better prospects for long term returns.

You can invest in equities, commodities, indices, etc. without the need for a broker.

You can even invest, borrow, and  store value online using cryptocurrencies, and decentralized finance, for example, providing banking to the unbanked using blockchain technology and smart contracts, or the ability to raise investment capital through crowdfunding projects, using various online platforms, such as Kickstarter, to do so.

New industries also mean new investment opportunities. The newly regulated cannabis and psychadelics industries in the US are prime examples of this.

Closing Thoughts

The fact of the matter is that traditional career advice/strategy is simply outdated, along with the standardized education model which schools have been using since the 1950s.

Maybe it is time to realise that we need to prepare the youth to be more reactive rather than proactive when planning for their future or following a career path, because things change and quickly! Opportunities are there for the adaptable, but nothing stays the same.

There are going to be industries which don’t exist right now and some industries will be shaken up completely, so better to keep up with the times and embrace change.