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“In a free-market economy, anyone can make as much money as they want,” says Steve Siebold, who spent his entire life studying millionaires and billionaires. Indeed, when it comes to money, age is just a number. You don’t have to wait for your 60’s to become rich and finally spend your life savings.
In fact, we have lots of opportunities that could make us millionaires and achieve our goals in our 30’s. And once you adopt these smart investing habits, you’ll be on your way to financial freedom at a young age.
Important Side Note:
If you’re in debt, then I would definitely read Dave Ramsey’s book The Total Money Makeover which you can check out here. He’s helped MILLIONS of people climb their way out of debt and have financial peace and security. So DEFINITELY check him out!
Also! He has another great book called the Legacy Journey which is a great read. Check it out here
They automate their investing: Rich people in their 30’s know that one of the only reason to save money is to invest. They never touch their savings even if there’s an emergency (that’s what an emergency fund is for) because they know that money doesn’t belong to them for now. Instead, they secure their savings by creating untouchable accounts only for their investments and automate their investing. Try it; it’s way too easy and you’ll never even see the money you’re investing.
Quick Note!
Hey, also want to know the 11 habits of people who always have money? Click here to check them out!
They increase their income: You can’t reach millionaire status by sticking to the same amount of monthly income. Rich people who hit that mark at a young age know how to follow the money; they developed multiple streams of income and therefore can increase their savings in a shorter period of time. So, start following the money and always be open for new opportunities. See how I became a full-time blogger and started making over $10k here!
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They are landlords: Are you planning to buy a new house or do you already own one? Then why not become a landlord? Rich people definitely know how to create extra income and this is one of the best ways to do it. Rent your house or an extra room; you can’t imagine how much you can earn by doing something like this! It’s also a good start if you plan to buy more rental properties in the future. Also, check out this awesome blog and podcast, Bigger Pockets here, to learn more on investing in real estate!
They’re modest: Many young self-made millionaires don’t waste their money on luxury items. Their motto is to save more and spend less, so let it be your inspiration. Here is advice from the bestselling author Grant Cardone:
“I didn’t buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I became a millionaire. Be known for your work ethic, not the trinkets that you buy.”
Related Topics
11 Habits of People Who Always Have Money
11 Habits of People Who Always Have Money
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Don’t stop learning: Knowledge is gold, and rich people know this. You may have realized the richest people in the world are good at many things; they have long titles and more than one profession. And that’s because they knew improving themselves in different fields will not only contribute to their personal development but also help them financially.
Getting rich in your 30’s is not a small task, but with the right tips and advice, you can actually achieve this. So adopt these habits yourself and let us know how it goes!
Join my EXCLUSIVE email list for money saving and making hacks!
Here I'll give you some of the best tips and hacks I have for making and saving money.
So whether you want to increase your income, get out of debt, or just some simple saving tips, I've got you covered!
Chasing Foxes was started in 2016 as a way for Grace and her husband, Silas, to start traveling. However, they started to realize that they had a passion for improving themselves, and wanted to help others level up their lives as well. So whether it's with cooking, travel, or staying healthy, they want to help you better your life bit by bit, as they do the same.