How to Build Wealth in Your 20s and 30s: 10 Key Financial Strategies

How to Build Wealth in Your 20s and 30s: 10 Key Financial Strategies

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The choices you make in your 20s and 30s can set the stage for a lifetime of wealth. Now is the time to make financial decisions that ensure security, and the good news is, you can start anytime. To help you get started, here are 10 essential tips for financial success.

First, prioritise saving. Even small amounts add up, so aim to put aside at least 20% of your income into savings or investments.

Next, develop a budget and commit to it. Knowing where your money goes ensures you stay in control of your finances.

Be sure to save for emergencies—having three to six months’ worth of expenses set aside is a reliable target.

Another key tip is investing early. Time and compound interest are your best free online financial money advice allies—begin investing as early as possible.

Stay informed about financial management, steer clear of lifestyle inflation, and ensure you live within your means. These strategies won’t just help you accumulate wealth—they’ll also establish habits for lasting financial well-being.