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Millennials and Money: Embrace the YOLO Mindset with Phroogal


Most Millennials, or people whose birth years range from the early 1980s to the early 2000s, experienced a Great Recession during a time when they were on the journey toward career development. In result, most Millennials have formed a YOLO mindset, an acronym for you only live once, on how to handle their money. Phroogal, a millennial lifestyle brand, aims to help Millennials embrace a positive YOLO financial mindset by offering advice and empowering Millennials to make better financial decisions in order to live a dream lifestyle. Phroogal strives to teach Millennials that there is no better day than today to start learning about money and making smart financial decisions.

Phroogal is embracing the positive YOLO mindset by hitting the road on a cross- country road trip to get people talking about their financial wellness. The Road to Financial Wellness tour will kick off in Portland, Maine on June 1, 2015 and wrap up in Los Angeles on June 30. The epic 10,000 mile road trip will take the Phroogal team across the country to visit 30 cities in 30 days. The Phroogal team will be hosting events at each stop along the way including financial education workshops, fairs, coffeehouse discussions and impromptu street level discussions. The Road to Financial Wellness events are aimed to start local conversations about money and turn them into a national conversation about financial well-being.

With this new financial mindset and journey underway, here are our top three favorite tips from Phroogal about being financially smart and maintaining a positive financial mindset:

  1. Envision your dream lifestyle. YOLO emphasizes today over tomorrow, but remember tomorrow is just the following day. Retirement is closer than you think as days turn into months and years into decades. So envision your dream lifestyle, prepare, and go for it!
  2. Invest in yourself. Whether you’re dreaming about backpacking around the world or driving a new sports car, it’s going to take some crucial financial planning to make that happen. If you want to have more free time then stop exchanging your time for a paycheck.
  3. Tackle Debt. There is nothing wrong with spending, but overspending leads to debt. When it comes down to it, the longer you wait, the more it costs you. Consider additional ways to make money such as side hustles or freelance work.

To learn more about Phroogal and the Road to Financial Wellness Tour Visit: