My friend L wants to live outside the van.
She currently works for Whole Foods and walks dogs for extra money. The rest of the time, however, she climbs – indoors or outdoors, it doesn’t matter.
Whenever she is able to collect a few days of paid leave … she is scaling mountains in Kentucky, West Virginia, Tennessee or Colorado.
And now she is ready to take this hobby to the next step.
A month ago, L told me he would be involved in climbing – all the time. This means living outside a van that she has equipped herself. There will be a bed, a kitchenette, storage facilities – everything you need to live life on the open road.
Now this may seem like an unusual choice, but L is 25 – it’s a millennium. And her generation is increasingly capable of making decisions like these, because millennia have been incredibly adept at using the new technologies that make them possible.
In fact, these technologies are created to make investors able …
One of the potentially biggest technologies that L will benefit from is mobile banking.
The reason is simple: Since she lives on the road, she will have to “play” for money while traveling.
The concert is a job without a work contract. This can mean quickly helping someone with a quick home construction project or acting as a research assistant to people like me who need information quickly about a problem. Other concerts are more complex, such as writing a small piece of a computer program.
In some cases, your client may be someone in Singapore, Dubai, New York or London.
Once you finish the concert and it’s time to pay, the customer simply sends you the money using a smartphone app like Venmo, PayPal or Dwolla. So for people like L, it’s easy to make money while traveling in pursuit of their passions.
As a result, this type of payment platform is gaining wild popularity.
Follow the millennial money
Remember that L is not the only one who does this. Her entire generation – the millennial generation – sees this way of life as a viable option because they grew up with smartphones and the Internet, which have become as vital as electricity and water for them.
As you may know, millennia today are between the ages of 18 and 34. This generation numbers a whopping 92 million people in the United States alone. This makes it the largest generation in history, ahead of the baby-boom generation, which numbers 77 million.
The millennial generation is estimated at 2 billion people worldwide.
And many of the habits of the American millennia are shared by their peers in Australia, the United Kingdom, China, India, Brazil, Russia, and so on.
In other words, if you travel, it won’t take long before you face a millennium that, like my friend L, is passionate about rock climbing, surfing, diving, mountaineering, volunteering, and more.
Most of them depend on mobile payments to get money while pursuing their passion. Other millennia that are still rooted in one place also use these services. They can use a platform like PayPal for everyday activities, such as transferring money to a friend or paying for their travel with Uber.
In fact, a recent study found that 15% of the millennium use mobile payments several times a day. Another 10% use it once a day. And 29% use it several times a week.
Then it is no wonder that the growth of mobile payments is growing sharply. Growth is expected to reach 183.3% in 2016 – and is expected to double in 2017. By 2020, total transactions are expected to reach $ 314 billion, an increase of 1.034%!
This is where you want to be as an investor – in explosive growth trends just like that.
Banking on a powerful trend
I expect similar gains for the millennium-based stock recommendation I’m releasing this month.
Now I can’t distribute this stock for free here. And right now, there is no ETF that is fluid enough to recommend you to catch this millennial mega trend. Keep checking again and I will definitely let you know as soon as I find a good ETF to recommend.
In the meantime, I suggest you follow companies that take advantage of millennial trends, such as mobile payment services. Because big money will flow there.