If 20s are the
best time to build a strong financial foundation, then your 30s is the best
time to start making your wealth grow.
Getting Rid of debt
This means your
student loan, your credit
card bills, your car loans and any
other debt. The idea behind this is to get rid of those high interests and
setting yourself on an interest-free life. It not only makes saving much, much
easier, but also makes you feel so much lighter!
At your 30s,
your portfolio must look promising. Learn more and read extensively about
investments, and make sure that you consult the guidance of a financial advisor
or any other investment professional.
investments are the best ways to increase your savings.
Read also: Get motivated to save
Saving For a Home
This is the key
step to get up the property ladder, and your 30s is the best time to start
thinking in this direction. Saving for a home takes a lot of time.
Make sure you
carefully plan this budget so that you end up feeling satisfied.
Career and Retirement Based Decisions
career goals. Plan your retirement and work towards saving for the said plan.
You might have plans to advance your career so that you can get earn those extra
bucks, and attain self-actualisation – but having a strategy will help your
goals in 20s are a great way to get started on being money-wise, but your
30s is the times to grow.
note to remember is that the financial decisions that you make in your 30s
might haunt you in your 50s.
Keep that in
mind as your sketch and implement your wealth strategy for your 30s!
Read also: Five money habits you need to master
WRITTEN BY: BALAKARTHIGA.M