7 Financial Goals to Achieve In Your 30s (ADULTING 101)
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- Опубліковано 20 чер 2024
- Are you on the right track? We all have unique financial circumstances, but here's a reality check on what trajectories to be on in your 30s so that you have lots of financial security and abundance to look forward to in your later years. Here are the 7 financial goals to achieve in your 30s:
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TIMESTAMPS
00:01:45 - Goal #1) Build a career you love that also makes you money
00:03:45 - Goal #2) Convert your income into assets
00:06:25 - Goal #3) Get over your fear of investing
00:08:25 - Goal #4) Build the habit of "paying yourself first"
00:11:38 - Goal #5) Diversify your income streams
00:13:45 - Goal #6) Get on the path to becoming debt-free
00:15:45 - Goal #7) Create a monthly money date with yourself
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
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• 7 Financial Goals to A...
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GREAT CLASS! Left it feeling so much better and confident.
Edmonds Total News Network how long was it? Was there a lot of people?
Is this the same of today and tomorrow? Or is different
@@franciscoramirez2049 Its either on May 6 or May 7
Do we need to have a MasterClass account to watch? SIgned up though. Great video today!
I got kicked out of school and was homeless. I went back to school but didn't graduate till 29. I got debt but I make a great salary in a career I really like. I'm also building out a side business to try and pay off my debt. My parents aren't really supportive, so ignoring them has been a great benefit.
I only have to pay $300 or so a month for student loans, but I always put $700 towards it just to try and knock it out.
Life is not fair. That doesn't mean you have to be unfair. Everyone starts with individual benefits. Some have advantages and some do not. At the end of the day, it's about having lived happily ever after, lived fulfilled and maybe not all but achieved some of your dreams. Keep going and never give up!
You'll get there! I paid off my school loan debt last year.
good job, keep it up
Woahhh twilight zone same situation or extremely similar. Just wow!! Also if you have any tips that you have done I would totally like to try.
🎉
I'm 22 and I'm already saving towards my retirement
Start early, the power of compound! Wish I could have started earlier.
Facts me to I'm doing individual stock investing feel its the fast way to retire at your 30s
We love to see it! 🙌🏻 I started at 19, but didn’t increase my contributions throughout my 20s, like I should have. Keep paying yourself first 👏🏻
🤘🏾👊🏾💪🏾 23 yrs
I started around that age and it paid off
7 goals,
1) built a career and make money., 20s is time for explorations, now gain traction, income is a base tool for wealth!
she did waitress, bartending, add college, banking, real estate, property management book keeping... alot of those i wouldn't do. nerding out and helping others i think is ok!
2) start converting income into your assets. keep expenses low...
have assets and reserves, and investments. 401k. have self flowing money! recommends stocks and bonds, but bonds has interest, so dividends is better.
suggests roth ira and index fund investment transferred from income.
3) get over fear of investing!
financial freedom isn't just by income saving! brings up inflation! its like running up a down escalator.
fed chart 50% purchasing power down!
talks about her class in pinned comments, 3 secrets to investing in times of uncertainty.
4) paying yourself first, treating it like a bill. saving a percentage then spend.
this will help you leave living paycheck to paycheck!
11 :30 -
5) diversify income streams, its so obvios with all layoffs, you are secure with more then one stream of money making!
6) Get on the path to becoming debt Free!
credit card, car loans are very bad, morgage says it goes to equity.
7 ) Monthly money date, if you can't manage it
mint and other apps.
assets are your ownings, your liabilities are you owe, then net worth... this should go up every month!
try not to compare yourself, we are on our own and compete against yourself!
outer score card makes you spend, vs doing things that make you happy, and didn't lose money in dot com bubble!
building wealth is an inner game!
"Focus on direction, not speed" thanks Rose
I’m 50 and I just started investing , i want to retire in five years but I don’t have enough money for retirement although I’m debt free, I want to have financial freedom, thanks to you
Fantastic tips, Rose. One thing you said that really resonated with me was at the beginning of your video, "focus on direction, not speed." I believe too many people are overwhelmed and stressed because they compare themselves to others for the definition of success. Occasional comparisons can serve as a motivating factor but overall, comparisons are never done fairly for the simple reason that no one begins the "race" at the same starting life.
I totally agree. Too many focus on speed and end up taking too high risk and loosing in the end. Slow and steady most often wins the race.
Well said! I see so many discouraged comments under those “I paid 80K of student debt in 10 months!” If you don’t make even make 80K per year, it’s completely absurd to think you’ll have that much left over to pay off debt. But it does something to folks, psychologically, to see those examples, I love that Rose brought us back down to Earth lol
“Comparison is the thief of joy” - famous quote from philosopher whose name I can’t remember
1:43 build a career that you love and pays well
3:45 start converting your income into assets
6:24 start investing
8:26 paying yourself first
11:37 diversify income streams
13:47 get on the road of getting rid of debt
15:47 review your finances at least once a month
18:41 live your life in a "inner score card"
Thanks, if I had professors who followed 👆 model I would have finished college!!
"Pay yourself first"
I recognized The Richest Man in Babylon reference immediately
I read the book. It's a good one :-)
Great intro, I never heard of someone making note of people having different beginnings. Everyone has different responsibilities and I always felt I was behind on my finances even though I invested time to accelerate my education. Thanks for putting things in perspective and helping us set the right goals. Now let's put in the work.
Your videos are the new series of Netflix for me. I binge watched them while taking notes x
I'm finally in the positive with my net worth. I'm tackling my student loans and decided my reward for paying off each one is to buy a stock in a company that pays dividends. Get my net worth up and start a 2nd stream of income.
Going to turn 35 in November, just started a career and making good money. I feel like this channel is helping grow up finally lol Going start "automating my finances" Thank you Rose! Keep making these vids.
Im 39, i mainly invest in SP500 index fund with the lowest expense ratio. I just followed this very simple steps. I opened and try to max out my ROTH IRA and luckily have a ROTH 401 which i try to max the $19500 per year is some years. Today i have a total investments of $714,000 net. I realized that once you reach a certain threshhold a little bit more does not really add up to my happiness.
Great stuff Rose, I've recommended your vlog to my 3 children. Best advice I ever got was from my grandmother. She said, watch your pennies and the dollars take care of themselves, she also said, there is no amount of money too small to save. The third best piece I got was from a friend's grandfather, he said, kid it ain't what you make it's what you save. Save nothing means you made nothing. Keep up the good work Rose.
Wow! Those are GREAT words of wisdom! You are blessed to have heard and thank you for passing it! 💕
I have only just found you and I love how you simplify it for people who have no idea. New subscriber from Australia ❤️
Great content! Every day that I watch something like this on youtube I remember the phrase "It's not the lack of resources, it's your lack of resourcefulness"
I've been so watching so many of these personal finance experts on UA-cam and this is one of the best videos I've seen. Cant wait to watch more. Keep up the great work Rose!
Thank you so much for the encouragement at the end of the video Rose! It almost makes me cry that hearing it’s ok wherever you are at and it’s not too late to start building wealth and pay off debt. Thank you so much for what you are doing! ❤️
I'm turning 28 soon, and so glad I stumbled upon this video! I am finally getting to the point of my life where I am putting more serious thoughts and action plans into my financial situations. I'm realizing financial abundance has everything to do with my relationship with money. It's really helpful to have these tips in mind heading into my 30's soon, so that I can keep moving in a direction of creating a healthier and more prosperous relationship with money! I am currently working towards creating my own business that I love, and can't wait for the day I start making income out of it!!
You're just the best, Rose!! Thanks for sharing your sensible perspective.
I think this is my first UA-cam comment, and I gotta say, I was really moved by how you connected all of your points with the inner scorecard analogy.
I turned 29 a few months ago, and I am moving towards turning my life around financially. Your channel has been a solid resource for me during the pandemic to re-evaluate how to use my income for my future. I sense your passion in your messaging, and from one (Kor-Am!) millennial to another, thank you for elevating this generation with this kind of essential knowledge. I look forward to more of your videos, and I’ll be sure to refer this channel to my network of friends and colleagues.
Cheers!
I'm 33 and learned a ton from this video. TY for putting this together and aiding everyone.
Me too, in age and learnings :)
As an attorney who has dedicated himself to ensuring his clients plan and save, this video and the one that was just released this month (July) are the most engaging, accurate and easy to digest I have seen. Really enjoyable!
I’m trying to finally be debt free before I turn 40. Being in my early 30s and still have lots of student loans to pay is killing me and I wanna finally get free from it. I also just started investing this past year so I feel I’m in the right trajectory, even if I started caring about this stuff in my 30s! And one last thing, the new job I got is something I can see myself In long term (at last). This decade is looking up 🙏🏽
I definitely did *not* expect a video like this to make me feel *better*. I thought I was really behind in my early 30s, and honestly, this is so applicable to anyone trying to get a handle on their finances who isn't... loaded out of their minds. Really applicable and doable things to at least *start* learning more that I need to learn, decide what I need to decide.
This comment is not only about this clip, but I just found your channel and watched several vids, and I love how you compliment the textbook info with your personal insight and experiences. I've seen multiple vids where you are being honest about both your strengths and your opportunities, and past experiences where you might have done something different. It's a refreshing change of pace from the typical personal investment youtubers that all seem savvy and disciplined from the day they opened their childhood lemonade stand. Makes the journey easier to relate to. Thanks.
Rose,
Just wanted to let you know that I really appreciate your UA-cam Channel. There are a lot of people on UA-cam offering advice, but when it comes to complex issues of investing I don't understand, I watch your videos. You are a great teacher! Keep up the great work!
Many thanks for putting topics and timestamps in your video descriptions! It's nice to see the talking points before diving in.
You don’t have to be in your 30s.! Start today in your 20s!!
Great tips Rosy Rose!! 🌹
As soon as possible, to let compound interest work a long time for you.
What about in your 50s?
Thank you for making these videos!!! This is truly helping my family.
I love how kind and expressive you are. Great tips. Keep it up!
Thanks, Rosa! - Currently 25 and started this year to put in place simple but effective changes to my finance and if feels so insane to have different income streams! Currently working getting my debt under and control! And building my assets! ❤🤘🔥
I'm really enjoying my 30s. I think I'm in the right path. Knowledge and a proper mindset help people to achieve their goals. Thank you so much for your videos!! 😊
Always great Rose, your words show the right path to achie financial independence!
Starting this year I been really interested in finances and reaching financial wealth. Just last month I started investing and so far everything looks good, thanks to your videos! I plan to make a video on my financial strategy, but this is all exciting especially starting now! Wish you the best!
“What gets measured gets managed” I love it 💕❤️💕
Hi Rose, thanks for sharing your thoughts and knowledge without hiding. I'm really lucky to see your videos in my early 20s. I'm working towards to expand my income streams and find my passion which can makes me money as well. Thank you!
Yay! I'm sooo glad that I found this channel! I just got promote it as an mechanic working in a warehouse last month. Now its time for me to shine, saving and investing money! Hope I save a lot next year!
Just watching your into was so encouraging! Youre great find! Excited to watch your channel grow! Thanks for this invaluable resource rose!
Your videos are amazing. I have been researching about investing for the past 3 weeks, and your content has been of great help. Thank you for all your work.
Thank you very much for all the great advise. I’m way pass my thirties, but like the saying goes better late than never.
Wow! I learn something NEW everyday! Thank you Rose!
Thank you for posting! These are very specific and action-able. You make it accessible and encouraging Totally agree that trajectory is the most important component.
I’ve been watching your videos accidentally last night and I find all your recommendations very relatable and wise financial advices that I encounter on my 45 years of existence--- start investing as early as you can -- and I learned a lot from your videos, some I already knew but not doing it yet and it turns to a reality check for me to do more and agressive with savings and investing. You got my subscription and more power to you!
Your videos are super helpful!! I'm finally buckling down to make money changes I've wanted to for years and your info is really helping me stay on track. Thank you!!
Hi Rose, I've started watching your vids for the past 2 weeks and have finally subscribed. You've encouraged me to take the first step towards investing in Index Funds and I've already seen decent gains (despite what's happening). This is the most relatable video I've come across having turned 33 recently and looking back at all the things I wish I had done better in my early to late 20s. However, as you say, 'don't be so hard on yourself'. We are all running different races and inner game is important; I was looking for this and thank you so much for the advice.
First tip is spot on. Resigned from my work at 33 and find something that I love doing.
What a well-put, nonjudgmental take on the age-based milestones. Definitely refreshing to see in the (personal) finance community!
Thanks SO much for your advice. I have no idea what I’m doing and you’re giving me all the info that my parents never taught. Your youtube mom now. Thanks girl! Subbed!
Looking forward to the master class!
Awesome talk, supportive and encouraging🙏
Thanks for these tips:) I am 31 just like you! One thing I am proud of is that I never paid attention to lifestyle inflation and always kept my expenses minimal! I am great saver and budgeter but I definitely need more knowledge on investing. Thanks for these tips!
Thank you for dumbing this down for me. I was scratching my head the whole time when I was reading Rich Dad poor Dad.
OMG, the inner scorecard idea is genius. I love you!
My gosh, you are so right. I am almost 32 and I moved to Canada 2 years ago. I had to start almost since the beginning here and start a new life basically, It has been a bit hard to adapt and I thought, maybe this is not the best time to save money, I don't want to be stressed but like you said, there are not excuses, it is time to think more serious about the future. Thanks for sharing those advises!! I will be more in touch with your channel for sure!
Amazing life and financial advice Rose! If I only had this video 20 to 30 yrs ago, I'd be a Warren Buffet by now. ;) Your wisdom is far beyond your years. You're a gift and a blessing! Keep your videos coming! :)
Like these financial goals. Thanks for sharing Rose.
I love your videos so much ! I made a decision that any additional income goes straight into a form of savings - split in % for a "travel fund", "mortgage overpayments" and "investing" ... so anything from things like pet sitting, or promotions at work etc! So no lifestyle creep or just wasting money on pointless things
You're so inspirational. I wish I could've had the chance to see your videos when I was younger. I just turned 33 years old and only had one income which I have lost due to COVID-19. I've been living with my last paycheck and a little saving that I had. I just finished my associate degree a couple months ago which I paid while studying, so I'm currently debt-free from college. Still, I feel that I failed on thinking of other ways to produce incomes. I always thought that once I get my degree I would be able to apply for a better job, which now is difficult to find. For the last 2 months on lockdown I've been feeling frustrated and confused about what to do next. I'm now investing my energy in learning about assets and passive income.
Thank you for the big lessons and tips.
I work for the NHS, I want another income Ratio Acedemy is a business my mum made to help families find time to bond
Thanks for the wonderful advice, Rose!
Great content, just shared it with my friends.
I think your advice is fantastic for people of any age. Keep up the good work, Rose!
Clicked on one of your videos on a whim, and you’ve just become my favorite UA-camr. Thank you for the great advice and making it easy to understand!
30s were where I got over my fear of investing 🙌🏾, awesome video
Rose, you are so amazing, thank you for all of your videos. You really motivated me to improve my financial health. I am 28 and I am still in debt. As I am approaching 30's I want to be debt free (at least with my credit cards...), so thank you for always motivating us! You are my financial therapist
Good tips ! Im turning 25 this year. And this video definitely gives me good tips of what i can work towards.
You gained a new subscriber! In the last video you mentioned experiencing 9/11 in middle school which I can relate. Now I know we share commonality in age. 31 over here in August, fellow '89 baby! You mesh with where I'm at currently. Keep up the good work!❤
Wise advice. I loved the last tip the best. 😊 Totally agree about the inner scorecard. 🙌🏻 If you feel like you MUST compete, compete with yourself! Be better than you were last month, or last year!
Rose - Just gotta say that I'm a huge fan of your videos and advice. I feel so empowered after watching your videos and appreciate all the context you provide on the topics you discuss. Thanks for making such clear and straightforward educational content. A friend recommended your videos and I will definitely be continuing that recommendation chain!
You are so welcome!
I watched this video twice and took 4 pages of notes. As a 30-year old who just started a new career with an internship, I desperately needed to hear and be reminded of these fundamental values. Thank you.
💚💚💚💚💚
I just turned 30 last month so very timely, love the advise, I am working full time, struggling to get the 2nd income stream, so look forward to hearing more thoughts in this area for someone who is currently working full time.
The amount i have learned from you in the past few weeks has given me not just the knowledge on how to save/invest but the courage and savvy to just do it. I've had some retirment accounts and some stocks from where i work but now i know what they are and how i can influence them further. Thank you for educating us in a simple way to truly impact our lives today and beyond.
I can’t believe I didn’t find this video sooner. Great advice, awesome and helpful videos. I’m subscribing
Great advice! First of your videos I have watched and immediately liked and subscribed. I have a feeling I'll learn a lot by watching more of your videos. Love your enthusiasm and energy, keep up the great work.
Love your information Rose!!!
I love everything you just said ❤️😍❤️
Great advice! Love all of your videos and now you are my favorite youtuber, keep it up ~!!
This video is amazing. Thank you Rose
I absolutely LOVE your videos!! Im so glad I found your channel!! 🤗
Such an inspirational video. I can totally relate to everything on here!😊👍🏿
Thank you so much for all the info in surely make me realized a lot to change about how I handle my financial stuff.
Great video's with a lot of enthusiasm! All the best
Thank you for using examples of your own personal life in the videos (Pass Jobs, Career and family finance) 🙌🏽 🤙🏽
Great advice. Thanks for educating and planting seeds in side people. I'm your some people will hear your words and get to work.
I loved this! Such an effective video. Thank you!
Love the tips and loving the channel so far, getting lots of value from it. I turn 28 this year so hopefully I'm slightly ahead of the curve, my only regret is not starting to invest money when I turned 21!
I saw a careers counsellor and it was money very well spent. I may now be starting again being an intern at age 38, but I've found an industry I love that has the added bonus of great prospectsfor future financial returns too. Great advice all around with this video, thanks for your work.
This was so good. THANK YOU.
Hi Rose, thanks for sharing. I can see u put a lot effort on it. Take care.
Excellent video rose 👌🏾 I'm just learning how to trade options now !! Well on my way with most of the other steps thanks
This is such a great video.
Why this is not taught at school is utterly perplexing.
I am thankful that I subscribed your channel. You're one of the best 💙
HI, Rose, Your Tips and Advise is on point. You really hit home, and your presentation is AWESOME! If you had an overhead mic or one on you would really put you over the top. This would make you a award wining UA-camr. Keep up with the excellent work…
I finally have a positive net worth even with a 14k loan on my car. Im on track with everything I need to accomplish finally. paying off student loan debt and cc debt was a major accomplishment. The car is next for sure, maybe over 2-3 years
Keep going! Never give up!
Wow.. this is great. Thank you so much for this! New subscriber!
Very informative and motivational. Thank you!
As always, quality videos right here!
Become an adult is rough, isn’t it? Converting cash to assets is very wise although I wasn’t raised that way. I had to learn through my own education and experience. Many people are told to focus on savings rather than investing.
Stock Investment Analysis im raising my son teaching him about investing 😃
I totally agree, we are just thought to get a job and then use the salary for consumption. I am so happy that I found out that there is other ways to live your life. 😀
My parents used to look at investing as a way to "waste" money so I was raised with that mentality. It wasn't until I graduated and found a good job that I quickly realize that investment isn't a way to waste money, but a way to make more money. I mean it's a gamble to buy stocks or save up and invest in real estate, but if done right with thorough research, you won't have to worry about future financial problems and mitigate risk.
I agree with this I struggle to break that unconscious belief for awhile. I even question my sanity lol
F savings, I've been investing all my money since I was 19. I'm 32 now and own a few STR homes and paying cash to build another STR, everyone always asks me I bet you have a great savings account... nope, none, I reinvest all my earnings because it makes more than the interest on a savings account.
You’re my sweet spot Rose. Great content