5 habits make you wealthy in Your 30s:-
- Invest. Invest. Invest
It is not your job or your business that will make you super-rich.
The amount of savings & investments determines your
wealth.
On average, a millionaire
invests 25% of his income each year.
This helps them to also build multiple streams of income.
- Have a plan.
You are likely to achieve your goals if you maintain a to-do list.
If a thought comes out of the blue, note it down. It will
provide you an opportunity to
reflect on your goals, and also help to set a concrete roadmap in action.
- Create Life
goals.
Many people are ignorant about what they actually want. Life throws various choices that can be
confusing, and this results in haphazard decisions. It is important to identify
your goals, whether small or big.
When you set goals,
you need to plan:
·
What you want to achieve
·
How you will achieve them
·
When you want to achieve the goal
When you have a step-by-step plan, it’s easier to follow,
remain focused, and stay motivated.
- Spending is good, but earning is key
To build wealth, you need to build your income. You must
strive to invest in equity funds, debt
funds, and regular income funds.
If you have a good job, you can invest to create passive income which can be re-invested to make more money.
- Pay off
your debt
Debt is good, but only if is a debt fund. Debt is your
biggest enemy, it eats your income. As you grow older, it becomes difficult to
earn money.
Your 20s – 30s is
the golden period to make money. if you have a mortgage, you must make it a
priority to pay it before the age of 45.
If you pay off your
debts, you can save big money that goes to pay high interest.
If you embrace the above habits now, you are on your way to
financial freedom sooner than you think.
