Biggest Money Mistakes to Avoid in Your 30s

Here are the biggest money mistakes you need to avoid at all costs in your 30s!
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[@oshahid1983]

Great advice. So important to invest early. Also I still feel you learn a lot on your thirties. Your at that age where you have accumulated good capital and can take some risks.

[@MoneyGuyShow]

Very true Omar!

[@hrdkorebp]

Adding monthly payments instead of total liabilities was what started to get me into trouble, started Dave Ramsey's program, ditched some bad investments, now I'm on track to pay the house off by forty.

[@MoneyGuyShow]

Great job Billy!

[@username00009]

How’s the mortgage payoff going?

[@mulata523]

Awesome video, thank you so much!! I’m 31, just got out of debt last week. Paid all of my $10000 credit card debt off. I feel sooooo proud!! I also Maxed my Roth IRA for 2019, and trying to invest in other things. Not sure about what step to take now lol, but I’m watching your videos to guide me. I’m not married, no bf and no kids yet. Thinking seriously about open an HSA. What do you suggest?

[@Vera-dg3hf]

We are living the life lol

[@amanditaroa]

Thank you for your videos. I have been watching them for weeks now. I wish I had learned this in my 20s. I am 37 now and 100% invested in improving my finances.

[@mackenzieowens161]

Just got proposed, I will do my best with my wonderful lady to make sure we succeed. I pray that we never get divorced!

[@Vera-dg3hf]

well no one gets married thinking "hmmhmhhm we are going to divorce" that just happens. People grow apart. Best of luck.

[@arlenedbrs]

I am in my thirties and this definitely helps. I have also been watching and listening to Dave Ramsey and I am working on being debt free.

[@MoneyGuyShow]

Keep up the great work! Dave Ramsey is in our area. If you ever visit Nashville, stop by and visit both of us!

[@family561]

Did you reach your goal of being debt free?

[@username00009]

We’d love to hear an update on your debt free journey!

[@mor8969]

I am from United Kingdom. Subscribed and love your contents. Really insightful and helps ones own financial needs. Regardless of which country you are in, majority of financial literacy is the same.

[@kirkroyse7305]

Car payments my biggest mistake...

[@jazer426zzzz7]

same here

[@TheKingdomsGlory]

Love your channel.... can you do a show on information for state employees like teachers and principals that have CalPers/CalStrs retirements.... how do we plan? How much of income should we invest on top of the pension plans? Can I included our contribution to CalStrs part of my 25% for the future? Can we rely on these retirement accounts with the state? Etc...

[@SunriseKnight]

This channel will grow much more

[@MoneyGuyShow]

Thanks Jason! We appreciate it.

[@samsantos3923]

Excellent content , I’m in my fifties and so I forwarded this excellent video to my sons in the thirties

[@richbitchfinance9747]

Graduating and thinking the money was just going to come rolling in was totally me 😂 I just did a video of the 3 biggest money mistakes I made in my 20s. I need to watch these videos about mistakes in your 30s so I can avoid those!

[@family561]

Turned 30 then boom Pandemic!! Yay to my 30's🎉🎉

[@jamesjhonson4568]

Good video content. What you are talking about boils down to the behavioural aspect of money, the more youmake, especially in your 30's, the more you will spend, i.e. bigger house, fancier car etc. instead of saving, building up those army of dollars for the future, We all been there, me included.

[@Bex_mylife]

33 here. My husband and I both contribute 15% to a Roth 401K with our company and we both get a 6% match. Is this the right way or should we split this up? We have no debt except the house, no kids and are currently paying extra on our mortgage to pay it off.

[@MoneyGuyShow]

Great job Rebecca, you and your husband are doing a great job taking advantage of the 6% match and utilizing the ROTH option. It sounds like you are on the right track with the limited info you provided. Feel free to email us if you need more advice/direction: www.moneyguy.com/contact-us/

[@danielaltherr1229]

I turned 30 this year. Thank you for this video and advice! All of your videos have been great.

[@young-king301]

Anybody else hear "don't get married?" Just me?

[@allen4cq]

i appreciate you guys for making this video. u have tought me a lot, things i was doing right and others i was completely wrong about. Love it, keep it up

[@JohnMichaelHaas]

This advice is so great for me to hear. I am in a lucky position because my father was very good about investing and helping me start off. I do worry about debt, a market crash, and not having enough dry powder to take advantage. Also what are your thoughts about Dividend Growth investing?

[@MoneyGuyShow]

John, Thank you for the comment. As for the debt you may want to check out our past episodes on financial order of operations (podcast that we may turn into KZbin show soon). Diversification and a proper asset allocation will help you make it through a market crash. Also, a healthy cash reserve will ensure you have powder money for “big opportunities”. Dividends (and other sources of income) are just one component of return, so having an understanding of your ultimate goals will help inform what investment strategy makes the most sense.

[@eveliah88]

Thank you for sharing all your knowledge 🙏🏻

[@thecurrentmoment]

New word created: "attackle" Love it

[@mgtazco]

What a great show you guys have. Thanks for all the info.

[@devenswiergiel9324]

I'm 23, work as a software engineer, and my monthly expenses are around $1500 with fun money(restaurants/bars) factored in. I currently invest $20k a year into the S&P 500 but only $6k can go into Roth IRA a year without backdoor Roth, or being self employed to the best of my knowledge. Any way around this? I do plan to retire prior to 59.5 so it's not a huge deal but I would like to know if I can reduce taxable gains a bit more.

[@mac6666666]

Deven Swiergiel A solo 401k or SEP would be a good starting point to checkout, if you are self employed with no employees.

[@chinitocutie]

Does your employer offer Roth 401k?

[@JohnDoe-uy6lb]

My goal for the 30s is to do what makes me happy. In my 20s I bought a house, got established in a job, got depressed and thought about suicide quite a bit. If I live threw my 30s I’ll call it a success. I put too much importance on buying a house in my 20s, I have managed to hang onto it for 6 years, will have it paid off in less than 10 years, but a few times it’s almost cost me my life.

[@MoneyGuyShow]

John, Hang in there and consider talking to someone. Making decisions about purchasing a house and getting out of debt should not cause that degree of stress. We are glad to have you join the Money Guy family and hope you have a blue sky decade. Thanks for the watch and comment 👍

[@kyleconner5982]

Love It!!!!! great material

[@chronomancer6665]

HA! Managed to knock out the first mistake in my 20's. Lol. Had enough time to rebound and get back to an upswing.

[@IslandTourist]

I started long term invested with a few years left in my 20s ( which is later than I would have liked given what I am hearing). Please message me... I would greatly appreciate your financial advice.

[@MoneyGuyShow]

Anytime in your 20s is a great start! Congratulations 👍

[@shazzthedon]

Is gross income pre or post tax?

[@chrislords_dpt]

Pre-tax

[@xmochix604]

I know so many who has gotten divorced in their 30s and see what it has done to them. Add the kids in. It's known that "Most" marriage increases income.

[@S.Sarajlic]

Getting married and having children? No thanks.

[@theguy12322]

I save money when I got a divorce,

[@eldinadzurlic1985]

What the freak have i been missing in life......

[@kishanaraeen8200]

😊👌👌👌

[@MoneyGuyShow]

Thanks for watching Kishana!

[@Bacciagalupe]

: )