Almighty Dollar

Now Or Never

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WHAT’S A YOUNG PERSON SUPPOSED TO DO?

by SIMON BLACK  Date: October 28, 2011 Reporting From: Tokyo, Japan

Young people in bankrupt western nations do not have a particularly bright future. To put it bluntly, society is going to force-feed you a shit sandwich. Higher taxes, more debt, fewer prospects, and a much lower standard of living await you. That’s if you stick around.

You probably won’t be surprised to hear me say this, but I think that young people ought to consider getting out of dodge. The world is a big place and it’s full of opportunities. Following the old way of ‘study hard, go to a good school, get a great job, and work your way up the ladder’ is completely dead.

Success today, whether it’s in a job or owning a business, is all about creating value– what can you do that’s so valuable to someone else that they’re actually willing to pay you for it?

When you’re in a developed country surrounded by hundreds of millions of people who share similar skills, it can be a bit competitive to do this. But if you take off for a developing country, you might be the only person in town who can do a number of things that might seem like second nature to you.

The great thing about being young is that you have nothing to lose and everything to gain. It’s the only time in your life that you won’t be saddled with other responsibilities.

As for WHERE to go? Part of it is a lifestyle choice… where do you want to be? But most of all, look where the growth is. Asia, Africa, Latin America. You’ll find a happy medium that strikes a balance between growth opportunities and your personal desires.

I wrote about Mongolia last week, there are fortunes to be made there. If you’re a real wild man, try South Sudan… they’ve been a country for all of three months. If you want a steady job and work experience, try China or Singapore.

Most of all, just expand your horizons and start to consider possibilities all over the world. Ignore your friends and family, they’ll just try to talk you out of it. And then, in a few years’ time when you’re wildly successful, they’ll pretend like they supported you all along.

Although he doesn’t mention it specifically in this particular article one of Simon’s top choices for expatriation is Chile. Check out all the reasons why at his website here.

Filed under economy standard of living taxes young people success creating value developed country developing country Asia Africa Latin America Mongolia opportunity

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