Alright, folks, if there’s one thing millennials have made clear by their binge-watching habits, it’s this: we’re all in on the voyeuristic thrill of peeking into how people spend their cash. Bravo’s Housewives, HGTV’s Fixer Upper, MTV’s Cribs and Pimp My Ride – it’s all about the homes, the cars, and the over-the-top parties. And apparently, MTV knows how to cater to our voyeuristic tendencies.
Now, according to a recent Schwab study, 54% of those with a financial plan feel super confident they’ll hit their money goals. Compare that to a measly 18% of those flying blind without a plan. The takeaway here is clear:
Financial planning isn’t just for the high and mighty. It’s not a snooze-fest for the wealthy elite; it’s about setting goals and tossing in the step-by-step guide to make it all happen.
Our typical client? A cool 35 years old. Sure, we see the usual suspects on the planning checklist – house, kid, that sparkling engagement ring, maybe even an MBA. But let’s not forget the wild and wonderful things people want to splash their cash on. So, every December, we review the year for the juiciest and most entertaining goals.
So, grab a seat, pour yourself a drink (or Dry January mocktail) and soak in the inspiration because when you’re young and have your financial game on point, the possibilities are endless.
Welcome, one and all, to the 1st annual Top Ten Goals by ARC Wealth.
10: 3 month cruise – $30,000
Now this is a proper European vacation on steroids. Forget the 4 weeks over the summer, this client wants to have their bed made, readily accessible pool, dry cleaning, any meal imaginable, for 3-months straight and we love it. And with the remote work options, why not take advantage of a giant floating hotel?
9: Canucks Season Tickets – $20,000
We wouldn’t help this client save for season tickets if it was for the Toronto Maple Leafs.
8: St Andrews golf trip – $3000
Nothing like cigars while teeing up on the Old Course. Just try to break 100.
7: Gucci Loafers – $1400
Between return to office and return to 90s fashion trends, we’re loving the classic take on an iconic staple for this client. Invest in both your bed and your footwear, because if you’re not in one, you’re in the other.
6. Home gym – $20,000
We love this client’s financial investment in their health. As they say, “health is wealth,” although we don’t know who exactly “they” are.
5. Gaming PC, $2000
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4. Wine Club – $200 per month
These clients wanted to bring their favorite winery to their doorstep, every month. Who are we to judge?
3: 10th Anniversary party – $15,000
$15,000 gets you one hell of a party and we are so excited to help our clients celebrate this major milestone. It’s enough to make us want to start finding more things to celebrate. Student loan payoff party anyone?
2. Trip to Cervo, Italy – $7500
These clients are getting a jump start on the latest travel trends. Almafi is out, and Sardania’s Emerald Coast is in.
1: Fun Giving – $1200
Who says millennials aren’t generous?! We loved this client’s idea of surprising and delighting with their money. From surprising an excellent waiter with a great tip to dropping an out-of-the-blue charitable donation, it’s your money. Spend it exactly how you want. Even if that’s not on yourself.