Given COVID-19 and its accompanying economic issues, what do you think people in their early-mid 20s should be doing or thinking about right now in terms of saving, spending, career planning, etc.? What’s overlooked or wrong in the most obvious or common advice? (I.e., “sit tight”, “spend some money at local businesses”, “give to charity”, “learn a new skill”, etc.) Obviously, employment status matters and different skillsets, talents, etc. affect what one can and should do. Candidly, I’m not sure how best to disaggregate young workers in relation to my questions.
That is an email from Gregory Irving. I am not sure my point here is “overlooked,” but if I had to offer one piece of advice it would be this:
“Right now it is harder than usual to build out your “soft network” of acquaintances, loose ties, and other people who could help you or become your future partners. You just can’t go out and meet people in the old ways. Yet in spite of this greater difficulty, virtually everyone’s allocation of time has shifted pretty dramatically. So there ought to be entrepreneurial opportunities to build up soft networks in ways that would not have been possible pre-Covid. Try to take advantage of those opportunities.”