Ways to Achieve Your Finance Goals In Your 20's

In your 20s, you establish habits that will follow you throughout your life. This is the life stage when you might establish your career, get married, or even prepare to start a family, which makes it even more important to set goals for yourself and start saving. In short, if you adopt good financial habits in your 20s, you will be in a much better place financially in the future.

Build an Emergency Fund: One of the most important financial tasks you can accomplish in your 20s is opening an emergency fund, which is a pool of money that you earmark for unplanned expenses.

Start Investing: If you want to build wealth outside of your retirement accounts, consider investing some money you would have otherwise put into a low-interest savings or money market account. As is the case for saving for retirement, compounding interest will help grow your invested money more quickly, and the sooner you start, the better off you’ll be.

Contribute to Your Retirement: The key to having enough money to retire is to start putting aside money in a retirement account early in life, and continue to do so regularly until you retire. Ideally, you should start saving for retirement as soon as you get your first job. In this case, compounding interest is your friend. The more you save in a savings or investment account when you’re young, the more that money will grow and the more you will have to enjoy in retirement.

At the end of the day, your primary goal is to spend money LESS everyday and save for retirement or when something unexpected happens in your life.

Give me a call or message me directly, so that we can go over all of your options to protect you and your family financial future.

Charles Butler

[email protected]

(949) 510-5068