5 Money Fears People Have In Their 30’s (How To Avoid Them)

[@tcgtpl]

1. Do I have enough saved for retirement? 2. Am I doing enough financially? 3. Will I ever be able to afford a house? 4. Will I ever get rid of my student loan? 5. Will I ever be able to enjoy life? Best advice of the video is at 3:00. Focus on your money & not others' situations. Sticking to a plan can be boring but in the vast majority of cases it's better than trying to chase trends or doing things piecemeal. The Baby Steps idea is a decent, simple plan and many people have been successful following that plan.

[@dananderson6334]

As a 34 year old plowing our way through bs2, I needed this video! We are on track to be done by May 2023 and then hopefully onto bs4-6 by November 2023!

[@thefinancialcouch1072]

I still believe we need to start requiring a personal finance class for high schoolers. The biggest issue is that kids go off to college with no concept of money if they didn’t learn about it at home. Requiring a class at a younger age would make a huge difference.

[@Azel247]

First, we need teachers who are good with finances...

[@brg2743]

Money counting skills are just skimmed over in school. Making change, counting it, etc. need really pushed in k-12. All this testing cramming information is not real world application.

[@jodiescrivener8005]

As a 21 year old, I 100% agree. I was talking to my mum about house hold bills and I straight up told her that she needs to list them cause I have no clue what pole tax is.

[@Danzilly]

Morning! Rachel! It's never to late to start! I started at 35 just be steady turtle wins the race! Hare runs out of momentum!

[@15KHPCLUB]

Slow and steady my you-know-what These people got filthy rich in their early 30s and never had to make sacrifices or delay gratification how everyone else has You live your life on YOUR terms, not theirs Don't listen to what people say, learn from their behavior

[@donnaallgaier-lamberti3933]

I am age 71 and my husband is age 77. We were both divorced at mid-life and lost most of our assets (My husband lost ALL of his assets.) We married for love (not money!) at age 46 and 50 with very little saved. We put into a retirement fund as much as we could do and still live. I put us on a very strict budget and began to seriously save for retirement. But we are going to run out of our IRA in about 8-10 years and it's too late to earn big now so we can't financially or physically do that. What I did was turn our 100-year old city house into a 1950's ranch home on 5 acres. We had planned on staying there (we were mortgage free and had no debt) but our health began to show us that we could no longer continue the 24/7 physical labor that property took. So, I found us a 1980's condo in a highly desirable neighborhood in a highly desirable community. Myt research showed me that these condos had gone up in value over $100,000 every 10 years. So, I took a risk and bought it. I am HOPING we can live out the rest of our lives in this condo...but if we cannot stay in the long run we can sell this condo move into some kind of senior living center and pretty much live on our pension, Social Security supplemented by the sale of our condo.

[@Lisa-vu5vi]

So marrying for money is more important than love? Hmm. Divorcing over money is not biblical. But to each his own. 🤷‍♀️

[@evanl889]

I’ve heard this a lot on the Ramsey show about their rules for home prices so I had to sit down and do some math. Based off of a “5,10, or even 20%” down payment at an average take home pay of $50,000 per year with 20% down and a 15 year fixed mortgage and investing 15% of your pay that means you can have roughly an $882 a month mortgage to be at 25% of your take home pay which means the most house you can buy could be $85,000. I don’t know anywhere that has houses for sale for $85,000. I understand that you can save up more cash and put down way more to get a more expensive house but it’s unrealistic that average families can save up 6 figures in savings for a down payment and she says in the video 5, 10, or even 20%. I think the 15 year fixed just isn’t doable for most families in today’s market and with this rule, most will end up having to rent for a really really long time which is way overpriced now and most families with kids will end up having a bigger rent payment to get a place with multiple bedrooms.

[@tomdrummy4984]

The payment on a 15 year mortgage is not realistic for most people…….get 20-30 year and plan to pay off early by adding payments when you can. I had 20 year mortgage and paid off in 14.

[@MR3DDev]

Invest money so you are financially free not because of retirement, do not live your life thinking you will retire one day because once you retire and stop working your mental capacities will go down. I saw this with my grandpa, saw it with my uncle and don't want to happen to me.

[@mposey-yy8il]

Those fears happen at any age

[@tw5265-p5t]

I love the part where you say- "I am paying for a degree that I am not even using." ;-)

[@KT-zd3vl]

I’m in my 30s and scared about retirement planning

[@twinmama16]

It's so wild, my husband and I make 150k and it feels like we don't make enough sometimes.

[@Vellisaden0207]

Keeping up with jones’s ?

[@laura3b1g]

Love watching your videos. Today I need to know what is the life insurance you guys advertise?

[@lyndsierogers3167]

Zander Life Insurance

[@AmberCaprie]

Thank you for this. I had all of these questions/fears. I really wanted to buy in 2019 but we decided to travel and moved to two different states and now we want to buy and housing prices are scary.

[@Ghostwriter356]

Do not consult your student loans as it will be harder to get a mortgage with one big student loan instead of a bunch of smaller student loans. If you miss one small student loan, the bank will not care. If you miss one large student loan, that is a tipping point. Do not consolidate!

[@jamesscalloparquivos3986]

I love her voice 😍

[@ajones8008]

so creepy

[@13Laynie]

My 30s have definitely felt like I'm treading water. We are in BS6, and it's a long road putting %15 to retirement and the "extra" to the house, and kids expenses are insane, so don't feel like we are making any progress...just keep swimming!

[@AddieMom]

Kid are expensive for working honest people.

[@ceasarcarrillo5891]

What about if your 59 what do you do with this recession video

[@Felix0770]

I found no value watching this video because I've been on baby step 7 since I was 27 😉 All thanks to you guys. Too shy for a debt free scream but people like me are out there.

[@RJthing]

That's all they were doing was building new homes in 2020

[@jordanwright2030]

What if you don't make enough for that 15% after the bills are paid?

[@kingtizzy007]

It’s amusing to me when people like her tell others to use only 25% of their take home pay on a 15 year fixed. She wouldn’t know what a struggle was even if he smacked her upside her head. She always had daddy to help her.

[@15KHPCLUB]

Yeah once your net worth surpasses $1M, you lose relativity towards everyday people

[@CarC369]

Rachel sounds like Dave Ramsey's parrot. To say that housing prices will just go up does a disservice to her viewers. It 100% depends on the market that you live in. Boise, Las Vegas, Austin are currently experiencing a crash, whereas places like Chicago/New York are relatively stable at the moment. It depends on where you live. The national average might go up but 99% of her viewers don't care about the national average. They care about the local market at where they plan on moving.

[@bobododo2597]

Am I the only guy feeling desperate in this time?!