Money Guy Show How to Be Wealthy in Your 20s, 30s, 40s, and 50s
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Oct 24, 2025 Explore what it truly means to be wealthy at every stage of life, from the importance of building solid financial habits in your 20s to mastering behaviors that lead to consistent savings in your 30s. Discover the significance of valuing time and teaching your kids about money in your 40s, and focus on legacy and health in your 50s. Each decade offers unique milestones to aim for, ensuring you create a fulfilling life while managing debt and investments wisely. It's a roadmap to success and freedom!
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Start Small And Avoid Consumer Debt
- Live below your means and avoid consumer debt to protect your future income and freedom.
- Save a small percent now (start with 5%) and invest consistently to exploit compounding over decades.
Invest In Yourself And Your Accounts
- Invest in yourself through skills, certifications, and networking to increase future earnings potential.
- Use employer matches and tax-advantaged accounts and consistently contribute even small amounts like 10–15%.
Save Heavily And Be Consistent In Your 30s
- In your 30s, aim to save and invest about 25% of gross income and be consistent through market swings.
- Build investable assets (401k, Roth IRA, after-tax) equal to roughly 3× your annual income by decade end.
