If you're in your 20s, learn these personal finance rules to become a millionaire in your 30s:
1. Pay Yourself First
Nearly 40% of Americans have $0 in savings.
Why you need to pay yourself first:
- Peace of mind
- Financial stability
- Decreased spending
- Build emergency savings
- Increase your retirement savings
Invest today for a better tomorrow.
Nearly 40% of Americans have $0 in savings.
Why you need to pay yourself first:
- Peace of mind
- Financial stability
- Decreased spending
- Build emergency savings
- Increase your retirement savings
Invest today for a better tomorrow.
2. Avoid Lifestyle Creep
Never allow lifestyle creep to eat away your wealth.
As you earn more money, save more money.
You will be tempted to spend more money because you can, but don't allow your mind to trick you.
Control your expenses before they control you.
Never allow lifestyle creep to eat away your wealth.
As you earn more money, save more money.
You will be tempted to spend more money because you can, but don't allow your mind to trick you.
Control your expenses before they control you.
3. Build Multiple Streams of Income
If you've ever heard of the saying:
"Don't put your eggs in 1 basket."
Then you know that you shouldn't rely on just 1 income source.
Start building multiple income streams today.
If you've ever heard of the saying:
"Don't put your eggs in 1 basket."
Then you know that you shouldn't rely on just 1 income source.
Start building multiple income streams today.
4. Prioritize Health
76% of millionaires exercise and care for their health daily.
Practice these habits:
- Exercise
- Meditate
- Drink water
- Eat healthily
- Avoid negativity
You can't enjoy your wealth if you're in bad health.
76% of millionaires exercise and care for their health daily.
Practice these habits:
- Exercise
- Meditate
- Drink water
- Eat healthily
- Avoid negativity
You can't enjoy your wealth if you're in bad health.
5. Eliminate Bad Debt
47% of American adults carry credit card debt.
Why credit card debt is bad:
- Increased stress
- Lowers credit score
- Decreased cash flow
- Pay extra fees & charges
If you carry credit card debt, you're robbing your future self.
47% of American adults carry credit card debt.
Why credit card debt is bad:
- Increased stress
- Lowers credit score
- Decreased cash flow
- Pay extra fees & charges
If you carry credit card debt, you're robbing your future self.
6. Become a Master Budgeter
Assign a purpose to every dollar.
Some examples:
- 529 plans
- Business accounts
- Retirement accounts
- Emergency savings fund
- Joint / Individual accounts
Want to be like the pros?
Automate the process.
Assign a purpose to every dollar.
Some examples:
- 529 plans
- Business accounts
- Retirement accounts
- Emergency savings fund
- Joint / Individual accounts
Want to be like the pros?
Automate the process.
7. Invest
Inflation will nibble away at your money's purchasing power.
Don't stash your cash.
Invest in:
- Your health
- Your network
- Your business
- Your education
Invest consistently and you'll see results.
Inflation will nibble away at your money's purchasing power.
Don't stash your cash.
Invest in:
- Your health
- Your network
- Your business
- Your education
Invest consistently and you'll see results.
8. Control Your Thoughts & Emotions
94% of the wealthy filter their emotions.
Here's how you win:
- Remove emotions
- Understand the situation
- Analyze the potential outcomes
Control your emotions before they control you.
94% of the wealthy filter their emotions.
Here's how you win:
- Remove emotions
- Understand the situation
- Analyze the potential outcomes
Control your emotions before they control you.
9. Adopt Delayed Gratification
Give up a little today for a better tomorrow.
Why delayed gratification works:
- Self-control
- Higher-income
- Improved savings
- Increased fulfillment
- Increased emotional health
To be a millionaire, think like a millionaire.
Give up a little today for a better tomorrow.
Why delayed gratification works:
- Self-control
- Higher-income
- Improved savings
- Increased fulfillment
- Increased emotional health
To be a millionaire, think like a millionaire.
10. Know Your "Why"
If you work for money, then you're doing it wrong.
- The wealthy work to improve
- The poor work for the paycheck
Work for your purpose:
- Work to grow
- Work to build
- Work to learn
Protect your purpose and your purpose will protect you.
If you work for money, then you're doing it wrong.
- The wealthy work to improve
- The poor work for the paycheck
Work for your purpose:
- Work to grow
- Work to build
- Work to learn
Protect your purpose and your purpose will protect you.
11. Think Rich
If you want to grow rich, you have to think rich.
Think rich by:
- Believing it's possible
- Committing to wealth
- Focusing on the future
When you think rich, you attract riches.
If you want to grow rich, you have to think rich.
Think rich by:
- Believing it's possible
- Committing to wealth
- Focusing on the future
When you think rich, you attract riches.
Thanks for reading!
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