Part 3/7:
Avoid Consumer Debt: Stay away from high-interest debt while managing low-interest student loans responsibly.
Increase Your Income: Explore career options and cultivate your interests—your 20s are an ideal time for experimentation.
The 30s: Building Momentum
In your 30s, the median net worth rises to approximately $35,790. It's a time for significant life changes—advancing in your career, starting a family, and possibly purchasing a home.
Setting stretch goals is crucial. Aim for a net worth of $162,000 at the lower end or upwards of $660,000 for top achievers.
Key Goals for Your 30s:
- Avoid Lifestyle Inflation: Increased earnings shouldn't lead to proportional spending—keeping a budget can help save significant amounts over time.