Major Money Milestones to Accomplish in Your 30s

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I Will Teach You To Be Rich

I Will Teach You To Be Rich

Күн бұрын

Пікірлер: 158
@birdpaladin9332
@birdpaladin9332 2 сағат бұрын
1) Pay off all high interest debt 0:20 2) Have a 6 month emergency fund 1:11 3) invest 10+% of salary 3:05 4) Have monthly money meetings with your partner 6:06 5) save more (a buffer) than cost of large purchases 8:37 6) donate 1% of your salary 10:22 7) make a 10 year bucket list 12:01
@l0v3emily
@l0v3emily 4 сағат бұрын
1 Year away from 30 and I am so glad I found you when I was 28. I have completely changed my outlook on money and finances. I will actually be net worth positive by 30 and I am so excited for the future. Thank you! :)
@Jungles_of_Lustria
@Jungles_of_Lustria 9 сағат бұрын
I'm 37 years old. 110,000 in debt. doing everything I can to put every penny I have towards paying that down and then hopefully by the time I am 45 I will have been able to have saved up an emergency fund and pay down my debt. it's a late start but better than no start at all
@JayseabeeSTL
@JayseabeeSTL 8 сағат бұрын
Exactly right, better late than never, keep up the great work!
@ItsFreshCut
@ItsFreshCut 7 сағат бұрын
Tackle the high interest debt and then build an emergency fund. The low interest stuff can be the last thing you pay down after you start investing. Don’t miss out on compound growth.
@me0101001000
@me0101001000 9 сағат бұрын
This is pretty similar to Money Guy. No debt except the mortgage, 6mo emergency fund, Save/invest 25%, do a financial audit with your loved ones, save in advance for big purchases, be giving especially to your community. I was generally expecting something that was exactly the same. No shade to you or Money Guy. It's just that the best fintubers tend to say the same thing, which is definitely a good thing. Though the 10 year bucket list caught me pleasantly off guard. I love that idea!
@onestrangeboat
@onestrangeboat 6 сағат бұрын
This was awesome! Could you do one for your 20s, please? Turning 25 and hoping to get financially confident and independent this year! Congrats to all the 30-somethings and beyond making your rich life happen!! Looking forward to it! It feels the best to be in control :)
@Endohell
@Endohell 29 минут бұрын
It is the same logic more or less Don’t go into debt, if you still live with your parents, invest almost all what is left for example (money or skill), etc.
@quil10it
@quil10it 9 сағат бұрын
1. Pay off credit card debt 2. Save up a 6 mos emergency fund 3. Invest 10% of your paycheck and increase by 1% 4. Monthly money meetings check IN 5. Save a buffer for each large purchases using percentages 6. Donate 1% of your salary 7. Make a 10 year bucket list and plan it don’t just dream it build in a buffer take 10 mins 8.
@Cope_93
@Cope_93 4 сағат бұрын
wouldnt do 6 or 7. 3 month of actual spending is in my savings account that should be plenty and i invest more like 25-35% off my income.
@omni1562
@omni1562 3 сағат бұрын
Thanks a lot! It's valuable info but i don't get why he doesn't put timestamps
@RxGamer2018
@RxGamer2018 28 минут бұрын
I’m 36 now and so thankful for this video I honestly never was taught this type of information which is super helpful and I’m so glad I subscribed to you today. Sapan
@goutes1231
@goutes1231 9 сағат бұрын
Thank you, I’m 33 and really working hard on a lot of these topics you discussed.
@rasheedaogburn123
@rasheedaogburn123 6 сағат бұрын
33 and same.
@ArtAnimeEmerly
@ArtAnimeEmerly 10 сағат бұрын
Love the bit about giving back. Im currently a student so dont have the money to give but instead I do it with my time by fostering dogs. Hopefully once i graduate i can give financially too
@robmarney
@robmarney 5 сағат бұрын
Late 30s here, can confirm that giving to charity and volunteering is money well spent
@JasonNellis
@JasonNellis 4 сағат бұрын
Ramit + Editor - could we get chapter time codes in the description? It would really help when I'm showing these videos to my others and finding the parts I really need them to see
@TripSoul10
@TripSoul10 8 сағат бұрын
Got debt free at 37 & within the next year hit the $100000 retirement total milestone while growing the accounts with contributions. Hoping my 40s gets my accounts to bigger numbers & other first time milestones to achieve.
@yuliabrynskikh262
@yuliabrynskikh262 7 сағат бұрын
I'm about the same. 38, about 100k in 401k. I gained a small cc debt, hoping to pay it off in several months
@J_aech94
@J_aech94 9 сағат бұрын
This video could not have come at a better time. I will definetely rewatch this for sure. Definetely made it a goal to change my financial situation in my 30s. Thank you ❤ ❤❤❤
@zenbrandon
@zenbrandon 9 сағат бұрын
I turned 30 last year, perfect timing Ramit!
@endrutatic
@endrutatic 5 сағат бұрын
This video is a game-changer! So much helpful information packed into one clip. I personally don't like promoting anything in comments, but I simply have to share with you a book called The Gilded Nexus of Prosperity, that book changed my approach to money, the methods in that book are impressive
@MomKukunka
@MomKukunka 5 сағат бұрын
I used some techniques from that book to make money, and I can truly say I'm earning more now
@shirleyfgfgh7082
@shirleyfgfgh7082 7 сағат бұрын
I clicked reluctantly because normally these videos make me feel so behind , but I loved it! Actionable steps and no guilt trip because we haven’t saved already 300K !
@jwarnstarsmile
@jwarnstarsmile Сағат бұрын
Same! Most relevant 30's video I've seen!
@nodsib
@nodsib 5 сағат бұрын
These are all really awesome, I’m in my late 30s trying to shift towards rich-life mode, I’ve usually run with only a month or so for an emergency fund because I would rather have funds invested, but in the last month I withdrew funds and set aside an actual 6 month emergency fund. I also started setting money aside towards other goals like a really big trip we want to do four years from now, so I set up a weekly amount automatically going towards that, and I built in the extra 50% of the expected cost. I don’t make a high income and I’ve always naturally been frugal, so the shift away from trying to optimize every dollar and stress over $3 questions to planning a rich life and thinking bigger isn’t always easy
@appleztooranges
@appleztooranges 19 минут бұрын
30’s are my worst year. My sister died and depression was a huge factor after. All I wanted to do is spend to get my self out of depression
@coconut4547
@coconut4547 3 сағат бұрын
I turn 30 next week! This came at the perfect time
@richardthegreat
@richardthegreat 10 сағат бұрын
How does he know I'm in my 30s!? 😂
@vosk6481
@vosk6481 10 сағат бұрын
It's your data from accounts, etc. KZbin knows that data
@dmgainsguitars
@dmgainsguitars 10 сағат бұрын
It’s probably youtube that decided to recommend you the video, not the creator. I’m in my 30’s too
@richardthegreat
@richardthegreat 10 сағат бұрын
😂
@thebossdawghomie
@thebossdawghomie 9 сағат бұрын
Because you're the ones that finally woke up from that fever dream called your 20s, and realized you are not invincible, nor did you join the 27 club, and you should probably start planning out your life like you will be there for it, and are watching every single financial video ever created. Ask me how I know. 😅
@miguelsuarezr
@miguelsuarezr 9 сағат бұрын
Seriously!! Just turned 30 last year lol
@Mads1512
@Mads1512 3 сағат бұрын
Im 16 years old, currently working a studentjob for 500 dollars investing all of it. Keep going like you are right now and Thank You for ur advice! ❤ :)
@AltayBaghirovv
@AltayBaghirovv 9 сағат бұрын
Im 18 years old boy, who train a lot , who work a lot on himself to make his best version, i ve watched your netflix series, im working,making money, and investing as much as i can, networking, and etc.. but what else do you suggest that the financial things this 18 y o boy should achieve before 30s?
@desiv3025
@desiv3025 8 сағат бұрын
Save what you can and enjoy your young age. I'm in my mid 20s, learning how to balance my financial goals while still going out with friends and having fun.
@AltayBaghirovv
@AltayBaghirovv 7 сағат бұрын
@@desiv3025yea actually thats what i do as well in my age
@BeardedCarBuddy
@BeardedCarBuddy 8 сағат бұрын
Clicked on this video with shaky hand as I near end of 30s
@rayofsunshan
@rayofsunshan 3 сағат бұрын
Wow it’s a relief to know I’m more on track than I thought at 26. I’m grateful for everything and everyone that has allowed me to be in a decent position.
@PoloGrow
@PoloGrow 9 сағат бұрын
Right on time, excited to see the show tonight!
@nataliepyn1
@nataliepyn1 6 сағат бұрын
My 2013 Ford fusion has been a beast! 203k miles and still going strong! 💪
@patriciaa4451
@patriciaa4451 10 сағат бұрын
I'm 33 this year and working on debt payment and emergency fund. It's not too late to try, guys.
@hoodyhoopers
@hoodyhoopers 10 сағат бұрын
You're still too young. I'm 36 and I'm working on the too. I'm almost two months of emergency fund savings and credit card debt free this year.
@samtrez_
@samtrez_ 8 сағат бұрын
Ramit I think your underestimating the optimal comfort of a Uniqlo sweatshirt…
@bookwormbon482
@bookwormbon482 6 сағат бұрын
4:13 can you do a video on UK investing?
@jamesgibb9341
@jamesgibb9341 2 сағат бұрын
Im 34 and have about 40k in debt. Doing what I can to get rid of this debt before focusing on emergency fund. I'm hoping to get this debt sorted by the time I'm 37. I'm hoping to have 6 months emergency funds by the time I'm 40. I have 40 a fortnight to start investing to start with and have about 1500 so far. A lot of work ahead, but at least I got started
@jxj5924
@jxj5924 6 сағат бұрын
I’m heading into my thirties later this month so this is good timing. Edit: I’m in the 6-7 range so I’ll get cracking on those.
@coya8coy
@coya8coy 6 сағат бұрын
I’m afraid to admit what my rich life is because it won’t be easy and I’m very afraid of not completing it. It’s just so much easier to stay in the same place and stack cash than it is to spend it and move forward.
@MattsGamblingSlots
@MattsGamblingSlots 2 сағат бұрын
Ramit "Your 30s are a critical decade for your money!" Sethi
@yuliabrynskikh262
@yuliabrynskikh262 8 сағат бұрын
I've been on and off with cc dept. Played it off several times and went back into debt
@kenthoover3573
@kenthoover3573 7 сағат бұрын
I just turned 30 with $380k invested, 60k in emergency savings and $100k in home equity. What now?
@last9up
@last9up 5 сағат бұрын
Enjoy life a bit :D Keep doing what you are doing and enjoy a financially independent life when you are ready to retire. Don't fix what ain't broke.
@Monica-70
@Monica-70 4 сағат бұрын
Congrats! Excellent!
@pdpgkeeper
@pdpgkeeper Сағат бұрын
Try to get mortgage free by 45 and keep doing your thing! Congrats
@jakebcampbell
@jakebcampbell 58 минут бұрын
Live your life
@rowantree198
@rowantree198 7 сағат бұрын
New investment calculator! I was hoping you would make one. Thank you!
@lieliebaby
@lieliebaby 9 сағат бұрын
OMG! Don't lie to me Ramit. I WILL- be waiting for you and your family in Argentina in 5 years!
@gigglegagaing5
@gigglegagaing5 3 сағат бұрын
I saved 45-50% of my income. I’m 37 years old this year, a mother of 2 and a wife.
@IrisP989
@IrisP989 2 сағат бұрын
Do you live in a low or a high cost of living area?
@dianediliberto1876
@dianediliberto1876 3 сағат бұрын
Thank you.
@Relliepooh29
@Relliepooh29 7 сағат бұрын
I’m 34 watching this video and I feel so behind in life lol
@AbiTheEngineer
@AbiTheEngineer 6 сағат бұрын
I just turned 30 and I'm excited to hear that I'm on the right track!!!
@bookwormbon482
@bookwormbon482 7 сағат бұрын
2:53 is that 10% savings based on gross or net salary?
@k1n3t1c
@k1n3t1c 5 сағат бұрын
Net. Ramit has a spreadsheet. It uses net.
@CNRADMSN
@CNRADMSN 3 сағат бұрын
Gross. Aim high
@WealthyChronicle
@WealthyChronicle 2 сағат бұрын
Saving a 6-month emergency fund sounds daunting but totally necessary. Anyone else feeling the pressure to up their savings game?
@Sandra-i8j8f
@Sandra-i8j8f 2 сағат бұрын
Great analysis, thank you! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (mistake turkey blossom warfare blade until bachelor fall squeeze today flee guitar). What's the best way to send them to Binance?
@paulsmith294
@paulsmith294 10 сағат бұрын
I am currently doing 15% in my Roth 401 with my job and matach at 5%. Should I still increase my investing %?
@stephaniel6867
@stephaniel6867 10 сағат бұрын
@@paulsmith294 yes
@goutes1231
@goutes1231 9 сағат бұрын
That’s amazing.
@Kac2rhyme2
@Kac2rhyme2 9 сағат бұрын
Omg I thought my job was bad. 1/3 match
@Applauseify
@Applauseify 7 сағат бұрын
If you can then 7000 in roth and 23000 in 401k is the amount one can save.. if you can afford to save it then why not.
@rasheedaogburn123
@rasheedaogburn123 6 сағат бұрын
This guy governments
@rayzerot
@rayzerot 7 сағат бұрын
6 months of emergency funds in your 30's is excessive and a *huge* drag on your investment goals. The exception is if your work is seasonal or if you have unstable employment
@Applauseify
@Applauseify 7 сағат бұрын
Is any job stable the way corporates have contracts where they don't need to give notice and they find logic to not give notice
@jetteharris9128
@jetteharris9128 36 минут бұрын
I would love to hear what you know about green investing. I would love to invest in sustainable accounts. I have an end-date index fund, but I don't know what that money is supporting, and I'm reluctant to investigate and make swaps within that fund.
@Nyteshade007
@Nyteshade007 8 сағат бұрын
Hey Ramit, quick question. If my employer contributes 10% of my salary into a 401k automatically without my contribution, does that count for the 10% in investments or do I still need to get to 10% contribution myself in addition to this? I know ultimately I want to invest as much as I can but for right now while I tackle debt, I'm only taking the 10% from my employer and putting in 1% on my own Roth IRA.
@TripSoul10
@TripSoul10 8 сағат бұрын
If it is one with the match then you want to match that contributions to meet the requirements. Some companies ask to contribute for them to match up to a certain amount/percent.
@Nyteshade007
@Nyteshade007 39 минут бұрын
It's an automatic contribution from the company, no matching required. I've had ones before that require up to a certain % contribution but this one is a bit different. They put in 10% automatically as a benefit.
@TheUrbandilema
@TheUrbandilema 6 сағат бұрын
Awesome video sir I love your content I have been started my csp and go nna be trying to invest in a stock portfolio I am 38 living in Trinidad and Tobago with 1 kid and 1 on the way..saving is hard but your csp is helping will be trying to get your book at pay day as gift to me and my spose God bless have a great day
@buckwildz
@buckwildz 8 сағат бұрын
Turned 40, just checking in to see what I screwed up.
@Vanessa5054-s7r
@Vanessa5054-s7r 8 сағат бұрын
I'm 55 years old with not enough set aside for retirement at this point. I have always been curious about the market and have witnessed people who played the game right and retired early. Some claimed they started very small, but their portfolio grew over time. I do have a significant amount but I’m unsure about which strategies or approach to take in order to achieve good returns. I'm open-minded and would appreciate any help or guidance
@rayzee0285
@rayzee0285 44 минут бұрын
Can you do one for your 40s??
@kathrynbyoutube
@kathrynbyoutube 6 сағат бұрын
Tbh I have my donations scheduled so I'm sure they happen and organizations can rely on them, but that also means I don't actually think about them that much. They're not memorable at all. It is fine, it's just not something I'd oversell as an experience.
@adechesaiki3135
@adechesaiki3135 2 сағат бұрын
Just turned 35. Need so much help
@Kac2rhyme2
@Kac2rhyme2 9 сағат бұрын
1 hr club 🎉
@rachellemauvais4099
@rachellemauvais4099 7 сағат бұрын
Is furniture considered a large cost in your opinion?
@Applauseify
@Applauseify 7 сағат бұрын
Depending on how much you soend..some people spend over 8000 in furniture when they can't afford..
@julieannharrison
@julieannharrison 7 сағат бұрын
Checked out your investment calculator and there seems to be a bug on the contributions form field or I am misunderstanding its meaning. Took a minute to find out the problem but couldn’t find the JavaScript updating the field
@mrmistmonster
@mrmistmonster 5 сағат бұрын
The only financial channel where the host will snipe people for paying 50k+ for a fucking Jeep and I appreciate that.
@HuyNguyen-yn9il
@HuyNguyen-yn9il 3 сағат бұрын
I consider Long Term Care Tax in Washington state is my donation, until they remove it or put a cap on it.
@IrisP989
@IrisP989 2 сағат бұрын
Why would we rush to pay off our rental at 3% and our primary residence at 2.99%?.
@richardhuynh4646
@richardhuynh4646 4 сағат бұрын
Hey Ramit! I tried using your debt payoff calculator, but it says it will be sent to my email address and there was no spot for me to put in my email!
@juliamontejo1563
@juliamontejo1563 6 сағат бұрын
The week before my 30th bday 😭
@jordenherring1397
@jordenherring1397 6 сағат бұрын
Watching this at twenty three feels like a life hack🤙🏻
@brendanmachcinski7446
@brendanmachcinski7446 7 сағат бұрын
What does Ramit consider high interest? I have student loans at 6.5%.
@Nicole-ze4vc
@Nicole-ze4vc 7 сағат бұрын
From what I’ve seen he mentions credit card interest (like 20% or higher). I think anything double digit like that is just too costly over the long term. 6.5% is below a conservative market return, so it makes sense to make your normal payments with a plan for when it’s all done.
@Latiosx123
@Latiosx123 8 сағат бұрын
My charity is so simple. All my credit cards points are always below goods I can exchange. Donation using credit card point is an option. I just use up the point and give what is essentially costing me 0
@richardthegreat
@richardthegreat 10 сағат бұрын
No matter how many times people mention number 4, money meetings with my partner, the thought of them still makes me very uncomfortable. Not sure how to get over that. I feel like I'll just be talking and my partner not interested.
@stephaniel6867
@stephaniel6867 10 сағат бұрын
It's important for you and your spouse to be on the same page. If not, they could potentially counteract the work you're doing.
@Rashaadthegr8
@Rashaadthegr8 10 сағат бұрын
get a new partner
@richardthegreat
@richardthegreat 10 сағат бұрын
@@Rashaadthegr8 hahaha, that’s a mature response 🤣
@Rashaadthegr8
@Rashaadthegr8 10 сағат бұрын
@@richardthegreat it's a real response
@stephaniel6867
@stephaniel6867 10 сағат бұрын
@Rashaadthegr8 it's not a real response. Responses like this is the reason the divorce rate is so high.
@DerekSpeedExposure
@DerekSpeedExposure 3 сағат бұрын
Dont make enough to max it out 😅
@rancierdiaz305
@rancierdiaz305 5 сағат бұрын
I’m turning 30 this year. Not saving.
@oreoluwasimire
@oreoluwasimire 6 сағат бұрын
3 years till by 30s Why am I here?
@Hosk17
@Hosk17 7 сағат бұрын
Bro I'm 29 wth how does he do this haha
@brandonking1737
@brandonking1737 5 сағат бұрын
I might be an idiot, but at 1:33 I thought you said a sick and aging parrot
@Vertson
@Vertson Сағат бұрын
You just keep making videos for me, lol
@sokkimly8182
@sokkimly8182 3 сағат бұрын
I wish someone tells me this then
@theAmateurInvestorstory
@theAmateurInvestorstory 5 сағат бұрын
god im 33 now.
@fromthestretfordend7110
@fromthestretfordend7110 10 сағат бұрын
Oh great. More pressure. Just what I needed 🙄
@stephaniel6867
@stephaniel6867 10 сағат бұрын
@@fromthestretfordend7110 there's no pressure. These are recommendations but not requirements. I'll say I've already implemented these things years ago; however, I wish I did it much sooner. Sometimes the small things help as well.
@Austin-fc5gs
@Austin-fc5gs 8 сағат бұрын
If this is your response to this kind of video, maybe unsubscribing would help you be happier
@bethworthley
@bethworthley 8 сағат бұрын
No pressure, just encouragement! You don’t have to reach these milestones, just work towards these or set your own goals that may be different. You’ve got this!
@MilanSmore
@MilanSmore 10 сағат бұрын
Buy a house right??? 😂
@nikitagajbhiye9744
@nikitagajbhiye9744 7 сағат бұрын
I am an indian i dont even know why am i watching this😂
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