Every 30-Year-Old Should Make These Financial and Life Investments (2024)

Your 20s are exciting, but your 30s are your chance to come into your own. Take advantage of these tips for maximizing your potential in a new decade.

While your 20s are a time for personal and professional exploration, it’s also important to set yourself up for future success. One key area to focus on is your finances, and there are definitely somemilestonesyou should aim to meet before you hit 30.

But while it’s very important to invest in your financial future, you should also make a point of investing inyourself. After all, you are your most valuable asset. Try these 8 you-first suggestions to ensure that you will be ready to take advantage of all the opportunities your 30s will bring.

1.Figure Out Your Personal Brand

As a professional woman, you already know how important your employer’s or client’s brand is. But what about understanding and articulating what makes you unique?

Knowing who you are, and how you want others to perceive you, is not only a good idea for your professional growth, but it’s also crucial to navigating hard decisions. When you can define yourself, it will be easier to listen to your gut—and trust your instincts.

So, while you are still in your 20s, spend some time honing your personal brand. Here are some simple steps to get started:

  • List out your emotional (e.g. “fun” or “thoughtful”) and practical (e.g. “organized” or “athletic”) personality features and then pick one from each set that’s the truest
  • Determine a word that encapsulates your primary role within work or your broader life (e.g., organizer, communicator, or builder)
  • Combine all three words into one clear statement—you could be anything from “authentic, disciplined researcher” to “creative and savvy relationship builder”

2.Get Financially Literate

When it comes to your money, knowledge is power. While it can be tempting to wait until your 30s to get smart about your personal finances, it’s best to get started now. While there are all sorts of checklists of items you “need” to have—from 401Ks to stock portfolios—without financial literacy, you may not be fully prepared, or confident, to make smart use of them.

The good news? There are a growing number of free, unbiased online resources. We especially like Broke Millennialand our free downloadable e-guide with Clever Girl Finance.

3.Know How To Get To Your Happy Place, Stat

Life will never stop being stressful. In fact, as you take on additional responsibilities in your 30s, busy will be a way of life. That’s all the more reason why you should figure out the one simple thing that always makes you happy and commit it to memory.

Maybe it’s the one meal that always reminds you of home. Or maybe it’s the movie you’ve seen 10 times but still always find hilarious. You can also experiment with different types of stress relief—meditation, walks, or yoga—until you find the option that works best for you.

4.Learn Another Language

A lot of 20-year-olds feel that they missed the boat by not learning a foreign or second language when they were young. After all, common wisdom dictates that children’s brains are more absorbent.

But researchnow showsthat adults can absolutely learn a new language as long as they have a method that works for their more developed brains. And, in an increasingly globalized culture, being fluent in another language is a highly marketable skill.

So, enroll in a language course designed for adult learning. (We are big fans of Duolingo). It’s definitely not too late!

5.Get a Great Career Bag

Whether you work in a corporate environment or freelance, having a stylish and comfortable career bag is an investment that’s absolutely worth making.

Not sure where to look for a great carry-all? Check out thisstylish bagfor your career.

6. Find, And Keep, 1-2 Close Friends

One of the best parts of your 20s is how many different friends you meet. From co-workers to activity partners in a new city, you end up making memories with countless other people.

But as you head towards the second decade of adulthood, you may find that people come and go easily. After all, everyone else is figuring out where they want to end up, too.

Ask yourself who you will want in your life 5-10 years from now, and invest in growing and maintaining those friendships. Your future self will thank you for keeping those people around!

7.Find Your Timeless Style

Your 20s are an awesome time to experiment with the latest beauty or fashion styles, and our culture definitely gives you license to do that when you’re young.

But it’s also a good idea to figure out, and invest in, a look that always makes you feel your best, no matter which trends come and go.

  • An eyebrow shaping that highlights your unique face shape
  • A haircut that looks good no matter what mood your hair is in
  • A pair of jeans or a dress that you can rock year after year

8.Get Professional Advice On Your Career

You may already know a woman that you admire and whose brain you wish you could pick. Why not ask her if she will consider being a professional mentor to you?

If you're interested in connecting with a woman in your field but don't know anyone personally, you can also try Career Contessa's Hire a Mentorplatformwhere you will get structured opportunities to interact with professional women who have been through similar challenges.

Every 30-Year-Old Should Make These Financial and Life Investments (2024)

FAQs

What is the best investment for a 30 year old? ›

Contribute to a Mutual Fund.

Investors have access to a diversified, professionally managed portfolio for a small fee. Mutual funds provide competitive yields with relative safety, and are one of the best investment strategies for 30-somethings who want to save for a large expense other than retirement.

What would many financial advisors suggest that if you are about 30 years old a good asset allocation in your retirement accounts? ›

If you feel more comfortable with "only" 70% of your retirement cash being invested into stocks, that's fine. But many 30-year-olds might want an even more aggressive asset allocation, like 90% stocks/10% bonds, or even 100% stocks.

How much should a 30 year old have in investments? ›

Rule of thumb: Have 1x your annual income saved by age 30, 3x by 40, and so on. See chart below. The sooner you start saving for retirement, the longer you have to take advantage of the power of compound interest.

What does the 50 30 20 rule suggest that you budget your money into ___? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How can I build my wealth in my 30s? ›

The best ways to build wealth in your 30s include paying off debt, making regular contributions to qualified retirement accounts, such as a 401(k) or an IRA, and taking advantage of an employer match if it's offered. Retirement plans are a proven way to build wealth.

How can I be financially stable at 30? ›

These money habits will help you avoid debt, save more, and plan for the future.
  1. Spend less than you make. Many people start earning more as they get older. ...
  2. Pay yourself first. ...
  3. Talk about money with your partner. ...
  4. Regularly contribute to your retirement account. ...
  5. Keep an eye on your credit score.

Should I get a financial advisor in my 30s? ›

Whether you should work with a financial advisor in your 30s depends on various factors, including your financial situation, goals, and comfort level with managing your finances. We generally recommend working with a financial advisor when at least one of these applies to you: I am saving $1k/month or more.

How can I get financial life in my 20s and 30s? ›

Get a Financial Life: Personal Finance in Your Twenties and...
  1. Pay off high-rate credit card debt.
  2. Find the best student loan repayment plan for you.
  3. Get the most out of health insurance.
  4. Take advantage of savings plans like 401(k)s and IRAs.
  5. Invest in the stock market the right way.
  6. Shop for auto loans and mortgages.

What is the best investment allocation by age? ›

The common rule of asset allocation by age is that you should hold a percentage of stocks that is equal to 100 minus your age. So if you're 40, you should hold 60% of your portfolio in stocks. Since life expectancy is growing, changing that rule to 110 minus your age or 120 minus your age may be more appropriate.

Should I start investing at 30? ›

The 30s: Career-Focused

For those who haven't started, the 30s are crucial to make a habit of putting money away. The rewards of compound interest are still there and investing 10% to 15% of income can be beneficial.

What is the rule of 30 investing? ›

One of the most popular rules, the 30:30:30:10 rule, can be applied both in terms of income planning, as well as pension planning. The income planning version says that you put 30% of your income towards day-to-day expenses, 30% towards investments, 30% for retirement savings and 10% for emergency expenses.

What should my investment portfolio look like at 30? ›

For example, if you're 30, you should keep 70% of your portfolio in stocks. If you're 70, you should keep 30% of your portfolio in stocks. However, with Americans living longer and longer, many financial planners are now recommending that the rule should be closer to 110 or 120 minus your age.

What is one negative thing about the 50 30 20 rule of budgeting? ›

The 50/30/20 rule can be a good budgeting method for some, but it may not work for your unique monthly expenses. Depending on your income and where you live, earmarking 50% of your income for your needs may not be enough.

Is 50/30/20 realistic? ›

The 50/30/20 budget rule might not be realistic for those dealing with economic challenges——which, let's face it, is pretty common in today's climate of high inflation and living costs. “It's unrealistic for most people,” Musson says.

Is 30 too old to start investing? ›

But even if you're already in your 30s or 40s, it will still come long before your retirement. So, it really isn't ever too late to start.

What is the best asset allocation for a 30 year old? ›

So a 30-year-old investor should hold 70% of their portfolio in stocks. This should change as the investor gets older. But with individuals living longer, investors may be better suited in changing that rule to 110 minus your age or even 120 minus your age.

What should I be saving for in my 30s? ›

Up until now you may not have had many financial responsibilities, but once you hit your 30s you might be paying a mortgage and for childcare. Starting an emergency fund with three to six months' salary is ideal, but taking a look at your monthly expenses will give you deeper insight into how much money to put aside.

Is 30 too old for a Roth IRA? ›

There is no age limit to open a Roth IRA, but there are income and contribution limits that investors should be aware of before funding one.

Top Articles
3 things in the 2024 federal budget that could affect your credit score
How to get a Master Ball in Pokémon Go, and when is it best to use one?
Fiskars X27 Kloofbijl - 92 cm | bol
Bubble Guppies Who's Gonna Play The Big Bad Wolf Dailymotion
Sound Of Freedom Showtimes Near Governor's Crossing Stadium 14
Metallica - Blackened Lyrics Meaning
No Limit Telegram Channel
Http://N14.Ultipro.com
Mackenzie Rosman Leaked
Craigslist Cars And Trucks For Sale By Owner Indianapolis
Devotion Showtimes Near Mjr Universal Grand Cinema 16
Computer Repair Tryon North Carolina
30% OFF Jellycat Promo Code - September 2024 (*NEW*)
Beds From Rent-A-Center
Optum Medicare Support
AB Solutions Portal | Login
Hover Racer Drive Watchdocumentaries
Mercy MyPay (Online Pay Stubs) / mercy-mypay-online-pay-stubs.pdf / PDF4PRO
Thotsbook Com
Most McDonald's by Country 2024
Rondom Ajax: ME grijpt in tijdens protest Ajax-fans bij hoofdbureau politie
Ratchet & Clank Future: Tools of Destruction
Webcentral Cuny
Violent Night Showtimes Near Century 14 Vallejo
Angel Haynes Dropbox
Jersey Shore Subreddit
Issue Monday, September 23, 2024
Bad Business Private Server Commands
Ilabs Ucsf
Grand Teton Pellet Stove Control Board
Wake County Court Records | NorthCarolinaCourtRecords.us
Wbli Playlist
#scandalous stars | astrognossienne
Audi Q3 | 2023 - 2024 | De Waal Autogroep
Weekly Math Review Q4 3
AI-Powered Free Online Flashcards for Studying | Kahoot!
Page 5662 – Christianity Today
The Thing About ‘Dateline’
Nancy Pazelt Obituary
Aurora Il Back Pages
Doordash Promo Code Generator
Noaa Duluth Mn
Carroll White Remc Outage Map
Craigslist en Santa Cruz, California: Tu Guía Definitiva para Comprar, Vender e Intercambiar - First Republic Craigslist
Actor and beloved baritone James Earl Jones dies at 93
ESA Science & Technology - The remarkable Red Rectangle: A stairway to heaven? [heic0408]
boston furniture "patio" - craigslist
✨ Flysheet for Alpha Wall Tent, Guy Ropes, D-Ring, Metal Runner & Stakes Included for Hunting, Family Camping & Outdoor Activities (12'x14', PE) — 🛍️ The Retail Market
tampa bay farm & garden - by owner "horses" - craigslist
Automatic Vehicle Accident Detection and Messageing System – IJERT
Diccionario De Los Sueños Misabueso
Latest Posts
Article information

Author: Arielle Torp

Last Updated:

Views: 6546

Rating: 4 / 5 (61 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Arielle Torp

Birthday: 1997-09-20

Address: 87313 Erdman Vista, North Dustinborough, WA 37563

Phone: +97216742823598

Job: Central Technology Officer

Hobby: Taekwondo, Macrame, Foreign language learning, Kite flying, Cooking, Skiing, Computer programming

Introduction: My name is Arielle Torp, I am a comfortable, kind, zealous, lovely, jolly, colorful, adventurous person who loves writing and wants to share my knowledge and understanding with you.