Young money professionals: This is how a financial influencer builds a six-figure portfolio!

Young money professionals: This is how a financial influencer builds a six-figure portfolio!

More and more young adults in Germany are active when it comes to creating multiple sources of income. According to a recent analysis, 68% of 16- to 34-year-olds have multiple sources of income or side jobs. The trend can also be observed among the older generations: 32% of 24 to 44 year olds and 28% of 45 to 54 year olds work in a second job Euronews reported.

An outstanding example of young people's financial activity is financial influencer Jenny Okpechi, who has built an impressive six-figure investment portfolio. Okpechi started being conscious about money at an early age, at the age of 16, and her strategy includes budget planning and living within her means. She invested skillfully in Treasury bills with an annual return of 20%, corporate bonds, stocks and other investments.

Diverse sources of income

Currently, Okpechi has eight different sources of income. This includes:

• Eine Vollzeitstelle als Scrum Master
• Eine Teilzeitstelle als Gesundheitshelferin
• Der Verkauf digitaler Produkte wie eBooks und Finanzratgeber
• Gesponserte Inhalte und Markenkooperationen
• Investitionen in Immobilieninvestmentfonds (REITs), Aktien und Indexfonds
• Abonnements ihrer Investment-Community
• Affiliate-Marketing und Inhaltserstellung
• Entwicklung einer KI-gestützten Fintech-App namens „Moneybestie“

Okpechi recommends starting small, tracking expenses and keeping a budget. She emphasizes the importance of living within your means and avoiding debt. Young investors, especially from Generation Z, start investing on average at the age of 19. For comparison: Baby boomers don't start until they're 35 and Millennials start at 25. Recommended sources of information include websites such as Nasdaq and books such as The Richest Man in Babylon and Rich Dad Poor Dad.

Challenges and Solutions for Financial Education

Despite the positive developments in the area of ​​financial education, many young people face challenges. There is often a lack of knowledge about how to handle money. While many teenagers spend money easily, schools often offer little instruction on topics like saving or taxes Hanseatic Bank notes. That's why there are numerous external offers that educate young people about finances. These range from apps to podcasts to special programs from banks.

The apps include “Budget+plus”, which offers a budget diary and tips for financial education, and “GiroHeroes”, a game app that introduces young people to money management in a playful way. Podcasts such as “Financial Podcast from Tecis Finanzdienste AG” and “Level Rich” are also available to cover relevant financial topics.

Another step towards improvement is the government initiative to strengthen financial education in Germany. Various ministries and organizations aim to develop a comprehensive strategy and create platforms for financial education.

Nonprofits like OhMoney offer guides with educational videos for teens to prepare them for topics like travel financing. The “European Money Quiz” competition for students between the ages of 13 and 15 uses playful elements to impart financial knowledge.

Although the challenges in the area of ​​financial education remain, initiatives and committed individuals like Jenny Okpechi provide valuable impetus for a better financial future for young people in Germany.