Rashaun Williams, entrepreneur and star of Shark Tank, believes that Generation Z has a real shot at retiring as millionaires—if they can break free from “doom spending” habits and adopt smarter financial strategies.
“Many young people get trapped in a cycle of instant gratification, buying things to feel better in tough times,” Williams says. “But if Gen Z can shift their mindset and commit to building wealth early, the possibilities are huge.”
He shares three key tips to help young investors get started:
- Budget with Purpose – Track every dollar and focus spending on what truly adds value and growth potential.
- Invest Early and Consistently – Start investing as soon as possible, harnessing the power of compound interest over time.
- Build Multiple Income Streams – Don’t rely solely on a paycheck; explore side hustles, passive income, and entrepreneurial ventures.
Williams stresses that discipline and patience are essential. “It’s about making small sacrifices now for massive rewards later. Gen Z has the tools and technology to do this better than any generation before.”
By ditching doom spending and following these principles, Williams says Gen Z can rewrite the rules of wealth and secure a financially independent future.
