Yusra3
Banned
We all have goals. We want to make more money, get a better job, travel the world… but we're not quite sure how to get there.
But you CAN achieve your financial goals by 40! Here are 14 goals to achieve in order to set yourself up for success:
1. Have an emergency fund of at least $1,000
2. Set aside at least 10% of your income for retirement
3. Save 10% of your income in a high-yield savings account
4. Invest at least 10% of your earnings into long-term investments (like stocks) each year
5. Pay off student loan debt by 40
6. Have 2-3 months of savings saved up after 40 years of earning an income (to be used for unexpected events)
7. Have $30k+ in investments and a retirement account with 3%-5% interest rate (for example: stocks, bonds, mutual funds) by 40
8. Pay off credit card debt in full by 40 with no late payments or balances over $10k owed on any credit cards (this includes all cards issued from the same company)
9. Save a minimum of $250 per month
10. Have $10,000 in total savings by 40
11. Pay off your house by 40 (this is the goal that most people should be shooting for!)
12. Buy a home within three years of turning 35 (if you're still renting)
13. Build an emergency fund worth at least six months' worth of living expenses
14. Have a car worth less than $20,000 by 40 (or when you're married!).
But you CAN achieve your financial goals by 40! Here are 14 goals to achieve in order to set yourself up for success:
1. Have an emergency fund of at least $1,000
2. Set aside at least 10% of your income for retirement
3. Save 10% of your income in a high-yield savings account
4. Invest at least 10% of your earnings into long-term investments (like stocks) each year
5. Pay off student loan debt by 40
6. Have 2-3 months of savings saved up after 40 years of earning an income (to be used for unexpected events)
7. Have $30k+ in investments and a retirement account with 3%-5% interest rate (for example: stocks, bonds, mutual funds) by 40
8. Pay off credit card debt in full by 40 with no late payments or balances over $10k owed on any credit cards (this includes all cards issued from the same company)
9. Save a minimum of $250 per month
10. Have $10,000 in total savings by 40
11. Pay off your house by 40 (this is the goal that most people should be shooting for!)
12. Buy a home within three years of turning 35 (if you're still renting)
13. Build an emergency fund worth at least six months' worth of living expenses
14. Have a car worth less than $20,000 by 40 (or when you're married!).
