“Try not to believe everything you see on Instagram. No one posts their failures there, everyone uploads only their successes. Don’t be discouraged if you don’t achieve what you see in others right away. You have to invest in yourself and do it for the long term,” said Jaxy (vlogger and influencer) to his peers eager to learn how to make a lot of money fast.

Jaxi (real name Costin Vrancanou) is a professional gamer who was active in competitions from 2016 to 2018 when he became a regular streamer for the Nexus organization. Since then he has been a dedicated content creator for Counter Strike, launched a free community app, organized 4 competitions in Romania for the CS:GO community and broke any record for the number of registered teams.

“I decided to do something that people didn’t understand at the time: games. Next came content creation. It was difficult then, although today it looks very beautiful and cool. When I started, it wasn’t like that at all; it was done in an internet room somewhere in the basement,” says Jaxy, who has more than 220,000 subscribers on his YouTube channel.

His discussion with the youth took place during an event organized by BCR on the occasion of Financial Education Day, which was attended by experts from various fields.

There are many ways to earn good money in Romania – from influencers to social media strategists – i.e. youtube, tiktok, twitch…

“It’s really important to find what you love to do right now, because if you find out what you really love, you can make money without feeling like you’re putting in the effort. There are many ways to make money in Romania – from influencers to social media strategists – i.e. youtube, tiktok, twitch or other such programs. The idea is to start really early because maybe in 3-4-5 years you might not like it anymore,” says Jaxy

“The beginning is difficult. I started with a borrowed video camera”

“When I started creating content, I didn’t have the money for a high-performance video camera. I started with a borrowed camera. And I saved the money I earned. Yes, I lived with mine, so I had no rent, utilities, etc. Sometimes I had soda money to drink on a park bench. But gradually the money started coming. And when I saved enough money, I bought my own high-performance video camera. Now fashion designers and other companies come to me and endorse the products they make,” explains Jaksi.

There are many people who live very well, although no one knows about them. They sell products on certain sites, create TikTok content and receive a percentage of the sale of this product

Photo: Images from the BCR conference: from left to right: psychotherapist Diana Stanculeanu, Jaxi, Sergio Manea (CEO of BCR)

“Now there is a trend… There are many people who live very well, although no one knows about them. They sell some products on certain sites, create TikTok content for different products and earn a percentage of the sale of that product. They don’t do direct advertising, they just say, “Look how cool this product is! I got it now and it just changed my life. And if you do it with multiple products, you can make good money,” says the influencer.

“I have a friend who, at the age of 12-13, earns several hundred euros a month editing photo-video”

Or, if you want to get started in the online realm, it’s best to start learning about photo-video editing and even social media strategies. And that’s because the number of people becoming online influencers is on the rise at the moment, and that’s forcing those people to edit. And it is very well earned. I have a friend who, at the age of 12-13, earns several hundred euros a month, says the influencer.

“And I have a good friend – a top designer who shot the covers of many of our magazines – who can’t find a job for 4-5 months. why Because this person specializes only in Photoshop, and now with the help of artificial intelligence software you can do something for little money, for which he would ask hundreds or thousands of euros,” said PNL MP George Tutse, who was present at the debate.

Jaxi also advised his colleagues not to invest their money except in things they understand. “Now I want to invest in real estate. I have chosen a certain area, I look at the utilities, the opportunities it offers, the price over the last years, how it has increased or decreased, when it happened, for what reasons… Before I invest money, I want to understand the entire ecosystem around my investment “, Jaksi told the young people present.

Psychotherapist: What we observe is a decrease in tolerance for frustration, a decrease in the ability to exert effort, combined with an increase in the need to quickly find one’s place in a career.

“They want as much as possible, as quickly as possible. But you should not generalize, each generation has different nuances and about 30% do not fit the general characteristics. What we are seeing is a reduced tolerance for frustration, a reduced ability to exert effort combined with an increased need to quickly find one’s place in a career. It’s just that the formal school route is failing or starting to fail at the moment – proof that we have more and more young NEETs. Sometimes young people have jobs that do not meet their needs, where they have a tight schedule,” says Diana Stanculeanu, a psychotherapist, in a conversation with HotNews.ro.

The family could play an important role here, the psychotherapist believes, “if we look at our children and not only at the role of a student they play. If only we paid attention to things other than school grades. Because even now, for parents, grades are the main predictor of success in life. Then there are parents who try to give their children as many skills as possible and who put their children through too many extracurricular activities too quickly. And I mean kindergarten or elementary school age. And children come to grammar school, children are already tired of this busy schedule, overloaded with homework and obligations that they are no longer in, and for whom motivation is compromised when it comes to learning,” says Stankouleanu

She is the author of a very interesting study on the motivation of choosing a faculty, which was conducted on students of grades 11-12. The results of this study showed that less than 5% of students choose a college based on how much they like their major. They go there either because their friends go there, or because they know it’s easy to get there, or because their parents asked them to, says Diana Stanculeanu, psychotherapist

Generation Z was born after 1995 as the first generation to grow up with computers, smartphones and the Internet. Their financial literacy is a crucial step for banks seeking to bridge the gap from millennials to Gen Z customers.

Past recessions, a housing bubble, a pandemic, and now a war on the northern border have young digital natives watching their parents struggle to cope with a financial impasse. While they may be more financially savvy than many Millennials, many Gen Zs and Alphas struggle with the stress of not having enough money, paying the rent, or getting a job.

Most Gen Zers worry about not having enough money, and 8 in 10 rely on parents and family for financial information. This is difficult, given that many parents themselves have grown up with sometimes poor financial information and less complex options related to savings, retirement, credit, which they also often do not understand very well.

Gen Z are digital natives who grew up with apps and computers for almost everything.

Romanian banks compete by offering such financial education programs. For example, BCR, through the School of Money and in cooperation with the Education for Success Association, organized the second EduFinFest on Tuesday, dedicated to the National Day of Financial Education on April 11. This year’s edition offered the young people of Bucharest practical ideas on how they can support their life plans through smart financial decisions, as well as information on how they can improve their relationship with money and what are the first steps towards financial independence.

BCR CEO: Financial education goes far beyond understanding banking products and is reflected in all areas of our lives, from personal fulfillment to quality of family life and community development

“Investing in a better future is at the heart of Money School’s programs, and EduFinFest is another tool through which we focus on the long-term perspective of financial education and life skills. In addition, all our projects for young people and teachers integrate financial concepts and key skills and are based on a continuous educational process adapted to the needs and dynamics of each generation. Our role is to normalize conversations about money, planning and financial independence so that young people learn about what it means to develop a sustainable life plan and about responsible behavior around money and work. Because financial education itself is education for life. This is much more than understanding financial concepts and banking products, and is reflected in all areas of our lives: from personal self-realization to the quality of family life, results at work and community development,” believes Sergio Manea, CEO of BCR, host of the event.

The young people present at EduFinFest, students of the Nicolae Cretsulescu Graduate School of Commerce, heard a lively discussion about investing in cryptocurrencies, money, how and especially where to invest money, together with Diana Stanculeanu and Vrincanu Kostin, a content creator known as Jaxi.