Guiding the Next Generation Through Their First Major Financial Decisions

There’s something incredibly rewarding about helping young people take their first big steps into financial independence. At Derek Mills Wealth Consultancy, we don’t just look after wealth, we help shape the financial futures of families across generations. And one of the most important, yet overlooked, areas is guiding the next generation as they make their first major financial decisions.

Whether it's buying their first property, starting a business, investing for the future, or simply learning how to manage a growing income, these early decisions set the tone for decades to come. And I’ve seen firsthand how proper guidance at this stage can mean the difference between financial stress and long-term security.

The World Has Changed, and So Should the Financial Advice

The financial landscape our children are stepping into is far more complex than the one many of us grew up with. There’s more choice, more noise, and frankly, more pressure. From crypto hype to online influencers pushing risky strategies, the next generation is bombarded with information but starved of genuine, personalised advice.

That’s where we come in.

How We Work: Real Solutions, Tailored to You, Made to Endure.

At Derek Mills Wealth Consultancy, we take a relationship-first approach. We don’t just talk numbers, we listen. We want to know what drives the young adults in your life. What are their goals? Their fears? Their ambitions?

From there, we help them make sense of their options. For example:

• Buying a first home: We guide them through budgeting, mortgage decisions, and long-term affordability.
• Investing wisely: We teach them the principles of risk, diversification, and how to align investments with their life goals - not just the latest trends.
• Managing income and saving: Whether it’s a first big salary or a bonus from a successful side hustle, we help them learn to build and protect their wealth.
• Starting a business: For entrepreneurial minds, we provide advice on tax-efficient structures, funding, and long-term planning.

We don’t do this with jargon or lectures. We do it with mentorship, practical tools, and clear strategies tailored to who they are and where they’re going.

Bridging the Gap Between Generations

Many of the families we work with are already clients. But we see the bigger picture: true wealth isn’t just about passing down assets, it’s about passing down knowledge, values, and confidence. When we work with your children or grandchildren, we’re continuing the legacy you’ve started. And we take that responsibility seriously.

You’ve worked hard to build something lasting. Let’s help make sure the next generation knows how to grow and protect it.

Let’s Start the Conversation

If you’re a parent or grandparent thinking about how to support the young adults in your life, or if you’re a young professional ready to make smart financial moves, I’d love to help.

At Derek Mills Wealth Consultancy, we believe in building lifelong relationships rooted in trust, clarity, and shared success. Let’s work together to help ensure that the next generation isn’t just financially prepared, but truly empowered.

Feel free to reach out. The earlier we start the conversation, the better the outcome.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.  You may get back less than you invested. 

Although the content of the article was correct at the time of writing, the accuracy of the information should not be relied upon, as it may have been subject to subsequent tax, legislative or event changes.