30 goals to reach by age 30

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

At 30, you are already an adult and should understand the basics of how money is made, how to make it, and how to spend it correctly. We've selected 30 goals to reach by age 30 to help you achieve this.

Much in our life revolves around money. Good or bad is a personal question of each person, and it is pointless to impose your opinion here. But one thing is for sure: money is an integral part of our life, and the ability to earn it will never be superfluous.

But in order to make money, you also need to know the monetary basics. Taxes, banking, passive income - these financial definitions should not be alien to you. It's great if you have a stable and favorite job that generates income. But keep in mind that things can change, so having a backup is always helpful.

In this article, we have selected 30 financial goals that you need to set yourself and achieve by age 30. By implementing them, you will be confident in your financial future.

1. Financial independence from parents

Parents will always think of you as a child, but you need to remind yourself and them that you are an adult and can provide for yourself.

2. Absence of debt

Live according to your ability and if you cannot afford to buy something, do not seek to borrow money for it. Debt destroys not only financial stability, but also relationships.

3. Get rid of outstanding loans

And again, our desire to have as many things as possible throws us into a financial hole. Debts on loans can negatively affect not only your credit history, but also your financial well-being.

4. Maintain your credit history

Don't let your plans for the future be canceled out. A few missed payments in youth or exceeding the credit limit on the card will affect your credit history.

5. Save money for retirement

If you think that old age only comes to other people and will never come to you, then I have bad news for you. It is unlikely that you thought about such a distant future, but do it, and old age will not take you by surprise.

6. Study investments and create an investment portfolio

By the age of 30, you should have your own investment portfolio. Banking investments are also good, but a diversified portfolio can generate a small but stable income.

7. Have a reserve fund

Try to have an amount of money in reserve equal to 3-5 of your monthly expenses. Just in case.

8. Insurance

In our countries, insurance is not as developed as abroad, but it will not be superfluous to insure yourself, real estate and especially valuable items.

9. Make the most of your benefits

If you have the opportunity to receive any benefits, be sure to use it. Otherwise, it is tantamount to a waste of money.

10. Track costs

The only way to manage your money is to keep track of your spending.

It's very easy to do this with apps. For example, Dollarbird for iOS and Android.

11. End impulse buying

The sooner you break the habit of buying things just for fun, the better. Stop buying things you don't need and learn to figure it out ahead of time.

12. Spend money on the right things

You no longer live in a dormitory or in your parents' apartment. Surely you have your own apartment, and spending money on its arrangement is quite logical. Buying curtains, furniture, or even a gym membership are great examples of good shopping.

13. Keep track of credit accounts

It is very easy to spend other people's money, but banks do not forgive such frivolity. Therefore, do not forget to periodically check your accounts and notice and pay off your debts to the bank in time.

fourteen. Pay utility bills on time

We can endlessly complain about utilities, but we still have to pay for services. Or you can even force the bank to pay for you!

15. Spend money on a large, but useful thing (see paragraph 17)

By the age of 30, you should have secured at least one financial triumph for yourself. It can be a car or a trip, but you simply have to save money and spend it in this way. You will enjoy this purchase for a long time!

16. Understanding the tax system

You need to learn to understand how the tax system works and how you can save on it. For example, how to get back the tax paid in other countries, save on the tax on the sale or purchase of an apartment.

17. Save money for a big purchase

Create a long-term plan and move forward with confidence. Each of us has a dream for which such a plan is essential.

18. Think about your career

Your job is your main source of income. If you enjoy your job, then don't forget to improve your professional abilities and career. Attend seminars, lectures, learn from successful colleagues.

19. Passive income

Keep it small, but you must have additional income on the side. If you haven't even started looking in this direction, then it's time to start. Learn more about investing, stocks and diversified portfolios.

20. Your capital must grow

The formula asset - liability = positive amount is very relevant. Moreover, this amount should only grow. Your assets should increase every year. How much? Depends on your aspiration and actions.

asset - liability = positive amount

21. SKTs, or super cool target

You must have such a goal. Having a six-figure salary or a bank account worth several million is your goal. And after you have set it, strive to achieve it with the help of smaller goals. Once you have achieved this goal (you simply have to achieve it), set yourself the next one.

22. Living within your means

And I'm not saying that you should be saving. No. But you have to understand that in order to buy cool things, you have to earn cool money. If you are looking to buy a vacation home, calculate how much it costs and how much you should be earning to buy it. If you can't afford it yet, then do it with your SKZ!

23. Comparing yourself with others

We have said many times that the life that people show on social networks and real life are two different things. Therefore, you should not reproach yourself and be jealous of a friend who bought himself a new car. Perhaps he has been saving up for it for the last 10 years.

24. End materialism

It is very difficult to do this, because we live in a world of consumption, and they constantly want to sell us something. But you don't need to measure your success with material things.

25. A healthy relationship with credit cards

Try not to waste bank money on unnecessary purchases. And never miss the deadline for payment of arrears.

26. Charity

Spend small sums to charity. $ 10-15 a month won't hit your budget, but it will keep you satisfied and help others.

27. Healthy financial relationships in the family

If you are in a relationship, creating a specific financial system will benefit you and your partner. Money too often leads to rupture and divorce, and you definitely don't want to.

28. Used doesn't mean bad

Deep in our minds is the idea that second-hand goods are bad. This point must be fought. And sites like Ebay are great at helping out.

29. Stop paying unnecessary payments

Withdrawing money through an ATM of someone else's bank or an accidentally connected tariff on your phone that you don't really need, but you're just too lazy to turn it off. These situations eat up money, and it's entirely your fault. This is forgivable at 20, but by the age of 30, you need to learn how to keep track of your money.

30. Money is a medium of exchange and is not worth being obsessed with

Being financially stable is great, but you shouldn't devote your whole life to it.

Study finance, grow financially, but don't make money the number one goal in your life. It's corny, but it won't make you happy.