#Smart money moves in your 20s how to
#Smart money moves in your 20s free

#Smart money moves in your 20s how to

Read now: Find out how to never have a car payment again.

He has an 8 year car loan and a payment of $800 a month because he kept refinancing his car loans into a new car loan. He was also spending on other things too. He bought a brand new car and was spending money as fast as it came in.Ī few years later, he saw a different car he liked and bought that one. He graduated high school and started working. There is a good chance you will be in credit card debt, have auto loans, and a huge mortgage.Īs a result, you have to get up and work a job you may very well hate because you have to pay the bills. You won’t save anything and in 20 years, you will wake up and wonder how you got to where you are.

You will always want the latest gadget, fashion, car, whatever. Read now: See the tricks advertisers use to get you to spend.If you simply start spending your first paycheck on these things, you will create a bad habit. You can have these things, but not right now. I know you look at some people and see their luxury car or name brand clothes they wear and you want this too. While making and following a budget doesn’t sound very exciting, it is an important step in how to manage money in your 20s. I’ll also highlight the most critical financial moves to make in your 20s as well as give you a list of financial goals to achieve in your 20s.

#Smart money moves in your 20s free

I am breaking out each area of financial planning in your 20s into its own section so you can follow along easily.įeel free to jump around and focus on the aspect of money that interests you the most.Īt the end of the post, I will summarize everything for you if you are short on time. Make Significant Progress On Your Student Loans Emergency Fund With 6 To 9 Months Worth Of Living Expenses Critical Financial Moves To Make In Your 20s.You can have just about everything you want, as long as you follow the financial guidance I outline. You have to take a holistic approach to your money so that one day you will become rich and have options in life.Īnd who doesn’t want to live a life where they have more opportunities and choices? You can’t focus on investing and ignore your spending. I cover every aspect of your financial journey, including:īecause you need to understand everything if you want to build wealth. Here is my guide to build wealth in your 20s.

If you can set aside some time now to great a wealth building plan, you will achieve financial freedom and have many opportunities. Your 20s are the perfect time for you to start building wealth.īut too many 20 year olds overlook putting down a financial foundation because they are focused on other things in life. The result is now that I am in my 40s, I have a solid financial footing and have surpassed having $1 million in net worth.Īnd if I could have avoided many of the financial mistakes in my 20s, who knows where I would be today. Luckily I also made some really smart money moves as well. I made some dumb mistakes with money when I was in my 20s. How Much Money Do You Need For Retirement.7 Investing Steps That Will Make You Wealthy.Free Build Wealth Boot Camp Email Course.