The Table with Anthony ONeal

I Made My First Million in My 30s.. Here's 5 Money Lessons I Wish I Knew In My 20s

Jan 29, 2025
Explore five crucial money lessons that can transform your financial future. Discover the power of compound interest and the importance of understanding financial margins. Learn to prioritize needs over wants to cultivate financial discipline. Gain insights on making wise investment choices that promote long-term growth. With practical strategies and real-life experiences, take charge of your finances and avoid costly mistakes. It's never too late to start your journey toward financial freedom!
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ADVICE

Create Margin for Compound Interest

  • Build financial margin by spending less than you earn to create investable capital.
  • Use this margin to invest and benefit from compound interest for long-term wealth growth.
ADVICE

Maximize 401(k) Match and Invest

  • Maximize employer 401(k) matches to get free money and boost your retirement savings.
  • If you lack a 401(k), open a brokerage account to start investing in index funds or mutual funds.
ANECDOTE

Refusing Debt for Wants

  • Anthony refused to purchase a car that exceeded his budget even if financed, prioritizing future savings.
  • He chose not to take on debt for wants, preserving financial freedom and avoiding future burdens.
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