Millennials will pay big

 Millennials will pay big

My friend L wants to live off a truck.

Currently, she works for Whole Foods and walks dogs for extra money. The rest of the time it's rock climbing - indoors or outdoors, it doesn't matter.

Every time she manages to rack up a few days of paid vacation ... she's climbing mountains in Kentucky, West Virginia, Tennessee, or Colorado.

Now she's ready to take this hobby to the next level.

Millennials will pay big

A month ago, L told me that she would stick to climbing, all the time. It means living off a truck that it was equipped with. It will have a bed, kitchenette, and storage space for gear - everything you need to experience life on the road.

It might seem like an unusual choice, but L is 25 - she's part of the millennials. And her generation is increasingly capable of making such decisions, as millennials are incredibly good at harnessing the new technologies that make them. possible.

In fact, these technologies are put in place to make a fortune for investors ...

One of the biggest technologies that L is likely to benefit from is mobile banking.

The reason is simple: since she lives on the road, she will have to "party" for money while she travels.

A concert works without an employment contract. It could mean helping someone quickly with a quick house-building project or working as a research assistant for people like me who need information quickly on a problem. Other concerts are more complex, like 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're done with the party and it's time to pay, the customer simply sends you money using a smartphone app, such as Venmo, PayPal, or Dwolla. This makes it easy for people like L to make money by traveling in pursuit of their passion.

As a result, this type of payment platform is gaining popularity.

Follow the Millennium money

Remember, L isn't the only one doing this. His entire generation - millennials - see this lifestyle as a viable option as they grew up with smartphones and the internet, which has become as vital to them as electricity and water.

As you know, millennials are between the ages of 18 and 34 today. There are 92 million people in this generation in the United States alone. This makes them the largest generation in history, overtaking the baby boom generation of 77 million.

Globally, Millennials are estimated at two billion people.

And many of the habits of millennials in the US are shared by their peers in Australia, the UK, China, India, Brazil, Russia, etc.

In other words, if you are traveling, it won't be long before you meet millennials who, like my friend L, pursue a passion - outdoor climbing, surfing, scuba diving, mountaineering, volunteering, etc.

Mostly mobile payments to get paid while pursuing their passion. Other millennials still anchored in the same place also use these services. They can use a platform like PayPal for their day-to-day activities, such as transferring money to a friend or paying for their Uber rides.

In fact, a recent survey showed that 15% of millennials use mobile payments multiple times a day. 10% use it once a day. And 29% use it several times a week.

No wonder then that the growth of mobile payments is skyrocketing. For 2017, growth is expected to reach 183.3% - and is expected to double in 2018. By 2020, total transactions are expected to reach $ 314 billion, an increase of 1034%!

This is where you want to be as an investor - in explosive growth trends like this.

The bank is a strong trend

I expect similar gains to the Millennium Stock Recommendation that I will be launching this month.

Now I cannot give this stock away for free here. And right now, there isn't an ETF that's liquid enough that I would recommend it to you that would appeal to this great millennial trend. However, keep checking and I'll make sure to let you know as soon as I find a good ETF to recommend.

In the meantime, I suggest following the companies that are profiting from the millennial trends, such as mobile payment services. This is where the big money flows in.
Paul Mambele joined The Sovereign Investor Daily in 2017 and is an editor specializing in helping Main Street Americans find wealth in growth investments, technology, small business stocks, and private opportunities.
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