Economic Advantage of Earlier Generations versus Later Generations

We always think that the best way to financial stability is through learning from Schools. It is a system that educates the youth to become skilled and prepared for the challenges of the real life. It is a saying that parents will send their kids to school in hope of a better future for them. People in low income and few wealth will see this as a guaranteed solution to a better life for their children and for themselves. It is by the way, through education that knowledge is taught to the young and with the knowledge they received from years of schooling will yield to a stable urban job. Economic advantage of earlier generations versus later generations is visible as we look into the competition due to less opportunities being shared to the growing pool of professionals.



Professionals wold work to a company or firm to deliver services required for it's operation in which they are given a compensation package as a form of income. This income is utilised for expenses, savings, and emergency funds. However, many knew that being successful in life in economic sense through a day job (or night job). Owning a business is being viewed as diverting the flow of wealth. Mastery and faith would seem to determine its success or failure.

Doing business for earlier generations is easy as the competition is very low. Niche opportunities are present as there are a lot of things that can be sold, or services that can be rendered without other business minded individual getting the piece of the profit pie. Shopping malls are not that widespread as experienced by earlier generations. Fewer people are graduate from reputable school which brings professionals closer to high positions in the companies. The land development did not boom until elites acquired lands that become central business districts of today. The population produces professionals and business man that are being exposed to lesser opportunities to grow in this generation compared to earlier ones. The saying time is gold is relevant and can b viewed as an added reason why rich and upper class society gained their wealth which are passed to next generation. Opportunities lost by the poor and middle class in the earlier generation might be harder to regain at this time, even for their next generation. Our steps toward gaining financial freedom hinges on our motivation, the will power, the skills and knowledge, luck, resources, and resilience to challenges of life.