TODAY   |  March 31, 2014

Katherine Schwarzenegger offers advice to millennials

Author Katherine Schwarzenegger, daughter of Arnold Schwarznegger and Maria Shriver, visits TODAY with some advice for young college grads, and offers words of wisdom from her new book, “I Just Graduated … Now What?”

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This content comes from Closed Captioning that was broadcast along with this program.

>>> all right. we're back now at 8:39. graduation season fast approaching, an exciting time for a lot of college seniors. it can also be a terrifying time. 24-year-old katherine schwarzenegger, a recent grad is trying to help her fellow millennials face the world. her new book is called "i just graduated, no what." and she's the daughter of maria shriver and arnold schwarzenegger . katherine, nice to see you. you say you dedicate this book to everyone being asked the world's most annoying question right now, which is --

>> what are you going to do now?

>> how did you answer that when people asked you in college?

>> i think i changed it up as it got closer to graduation, but every single time i answered i would say i have no idea which left me feeling really badly about myself.

>> you didn't have a one-year plan or a five-year plan or ten-year plan?

>> no, i didn't have any plan, which was really shocking for me because i'm a very big planner. and i had no idea what i wanted to do.

>> was that the biggest fear you faced? that uncertainty?

>> yeah, that fear of the unknown from the after graduation.

>> your mom gave the commencement address .

>> she did.

>> and gave all the graduates a piece of advice and it was what?

>> pause.

>> hit the pause button.

>> yeah.

>> which runs contrary to sometimes what society tells people of your generation. get out there, compete, get started.

>> and she was very clear she did not want to do that in her commencement address . she did not want to be like every other commencement speaker . she knew i was very anxious about graduating.

>> you hit the pause button. you actually moved home with your family.

>> i moved home with my mom.

>> gathered yourself. it was also a tough time in your parents' marriage, you wanted to be close to your mom.

>> yes.

>> while you were living at home, you made a commitment and said i want to be financially independent.

>> yes, i did.

>> do you think you're the norm there? even though you set out to be independent, you had a pretty nice safety net .

>> i did.

>> what do you think that's like for most young people who are leaving college?

>> i think the idea of moving home after college for a lot of people is similar to what i felt. i felt like i was taking steps backwards instead of forward. but then i found out it's very common for people to move back home now, especially in my generation. i felt much better and felt i could only really feel good about moving home if i was financially independent. and that worked out for me, but everyone's different.

>> for the book, you interviewed over 30 well known people. asked for their advice. what stands out to you?

>> the biggest thing that stood out to me throughout all of the interviews was knowing that there is no one path you can take anymore. there's so many different paths. no right path. no wrong path. only your path. so that was a big relief for me to hear from everyone. and it gave me less anxiety.

>> employers need to kind of understand this generation. is there a piece of advice to give someone with a job willing to give it to someone of your generation?

>> i don't think any of the labels of my generation are true. i think we're all very hard workers and excited about our future and eager to get jobs in the bad job market and bad economy, and we're excited millennials.

>> even if you have hit the pause button for a little while.

>> even if you hit the pause button.

>> thanks. nice to see you.

>> thank you so much.

>> and the book is, "i just graduated," now what. this