Yusra3
Banned
If you're in your 30s, it's time to stop thinking about retirement and start thinking about wealth.
You don't need to be a genius to figure out that if you want to build wealth in your 30s, it's important to have an emergency fund, start using your 401(k) sooner rather than later, and invest in a Roth IRA (if you can afford the tax hit).
But there are other ways you can get started on the path toward financial freedom.
First, if you're not already saving for retirement, now is the time to start! Between your current salary and whatever else you have coming in from Social Security or disability payments, there should be plenty of money around every month. That's where your emergency fund comes in. you want to be able to cover any unexpected expenses like car repairs or medical bills that come up unexpectedly.
Just remember: This money is for emergencies only! You don't want to use this fund for things like buying clothes or going out with friends because spending this money on frivolous things will make it harder for you later on when trying save up enough money for retirement or college tuition later on down the line!
You don't need to be a genius to figure out that if you want to build wealth in your 30s, it's important to have an emergency fund, start using your 401(k) sooner rather than later, and invest in a Roth IRA (if you can afford the tax hit).
But there are other ways you can get started on the path toward financial freedom.
First, if you're not already saving for retirement, now is the time to start! Between your current salary and whatever else you have coming in from Social Security or disability payments, there should be plenty of money around every month. That's where your emergency fund comes in. you want to be able to cover any unexpected expenses like car repairs or medical bills that come up unexpectedly.
Just remember: This money is for emergencies only! You don't want to use this fund for things like buying clothes or going out with friends because spending this money on frivolous things will make it harder for you later on when trying save up enough money for retirement or college tuition later on down the line!
