Millennials and Gen-Z’ers are facing a financial landscape that is very different from the one their parents and grandparents grew up in. At times it may seem bleak: the cost of living is rising, wages are stagnant, and student loan debt is at an all-time high. But even with these challenges, young people still have plenty of ways to overcome the obstacles they face and they can learn to build wealth at a young age.

Helping our clients build wealth is one of the things that brings us the most satisfaction at Myrick CPA. Here are some observations that may be helpful if you're working at building wealth but don't come from money yourself.

I tell all my clients that the true key to building wealth lies in building assets. Regardless of how much money you make, you can build wealth over time through assets. Think about how much of your life involves bills, taxes, purchases, contracts, etc. When it comes to financial planning, why not take advantage of the time you spend preparing for your tax filing and reconnect with your CPA to develop a financial plan for building wealth.