Everything You Need to Know About Finances in Your 30s

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 24 December 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We put together a compilation of our best advice throughout the years for 30-year-olds. In this episode, we discuss what financial success should look like, pitfalls to avoid, and more. If you are serious about building wealth and reaching financial freedom, this video is for you! 0:37 - How to Invest in Your 30s 5:50 - How to Build Wealth with a Low-Paying Job in Your 30s 8:26 - Average 401(k) Balance for a 30-Year-Old 15:03 - What Should Financial Success Look Like in Your 30s? 19:00 - Average Net Worth of a 30-Year-Old 29:07 - Financial Pitfalls to Avoid in Your 30s 31:33 - Do You Want to Be a Millionaire? Do This in Your 30s Check out our website for more information. Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, you love that we break things down by the decade and we're gonna be talking about
0:04.0	exciting one today, the 30s.
0:06.1	The messy middle.
0:07.1	Yeah, this is the messy middle.
0:08.5	You know, sometimes we are 30s, we just need a little bit of help.
0:12.9	We have thousands of things pulling on us, whether it's family or job or community or
0:18.0	all these things.
0:20.4	Wouldn't it be great if there was a compilation that walked you through the things that you
0:23.3	need to be thinking about when you're in this pivotal decade?
0:27.0	So this will keep you on track, keep you motivated and also load you up with tons of free advice.
0:33.3	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:40.2	investing, taxes.
0:42.0	You've got financial questions, he's got financial answers.
0:45.6	It's Brian Preston, the money guy.
0:48.3	All right, so now let's talk about again, in your 30s, where should you invest and what
0:52.4	investment should you avoid?
0:53.6	So Brian, you used it this all time, now it's time in your 30s, you gotta grow up, you
0:58.8	gave the 20 year old counterparts some relief.
1:01.6	In your 30s, you better be saving 20 to 25%.
1:04.1	I am a son of a gun on this guys and I know trolls you come at me because I'm ready
1:08.7	because at this time, I'm telling you by the time you're in your 30s, you need to be
1:12.6	saving 20 to 25%.
	...

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