Financial milestones a 28 year old is supposed to hit.

[Etini]

When it comes to building a secure financial future, it rather starts from a young age. A 28 year old is still fairly considered a young person but there are some financial milestones that he or she is supposed to attain to stand a chance of having a secure financial future. Amongst these financial milestones for a 28 year old are:

1) Must have a stable and reliable source of monthly income: If at 28 years old, you don't have a source of good income, you are setting yourself up for a a possible life of financial struggles. A 28 year old must have a sure income that comes in regularly not later than every month.

2) Must be financially independent: What is financial independence? It is the ability to pay your own bills by yourself. If at 28 years old, you still depend on parents or guardians to pay your bills, you might likely struggle financially going forward. You should be able to make sound financial decisions and plans that would help you pay your bills by yourself.

3) Must be debt free with a good credit score: At 28 year old, if your credit score is bad, you are not on the right path. You should better work on clearing that negative score as you are about to step into your 30s.

I think these financial milestones can help a 28 year old prepare for a sound financial future. Add your own.

 

[btaliat]

Age may not really be a yardstick of any succes or achievement. Though just like the poster said, ceteri paribus, it is normal for some ages to have achieved some particular stuffs in order to be fulfilled. Before reaching 28, there are some of the things to must have been done.

Be owner of a landed property. At least, it may be as small as a half plot of land, it is important to have access to landed property like land if not house before or when getting to the age of 28.

There is also the need to be financially free from debt.

 

[moonchild]

What about this.

A 28 year old should own a private jet and a fleet of luxury cars.

A 28 year old should own a boat at the Western European coastline.

A 28 year old should own a collection of vintage Patek Phillipes.

You see how that sounds?

As an individual you should have your own goals that you want to achieve and shouldn't be bounded by any rules.

I believe setting high expectations on yourself is generally good, what will happen if you fail to meet them?

Be depressed?

And hell yeah, we should have financial projections, have money plans and all but make it realistic according to your environment and what's obtainable, c'est fini