Every 30-Year-Old Should Make These Financial and Life Investments (2024)

Your 20s are exciting, but your 30s are your chance to come into your own. Take advantage of these tips for maximizing your potential in a new decade.

While your 20s are a time for personal and professional exploration, it’s also important to set yourself up for future success. One key area to focus on is your finances, and there are definitely somemilestonesyou should aim to meet before you hit 30.

But while it’s very important to invest in your financial future, you should also make a point of investing inyourself. After all, you are your most valuable asset. Try these 8 you-first suggestions to ensure that you will be ready to take advantage of all the opportunities your 30s will bring.

1.Figure Out Your Personal Brand

As a professional woman, you already know how important your employer’s or client’s brand is. But what about understanding and articulating what makes you unique?

Knowing who you are, and how you want others to perceive you, is not only a good idea for your professional growth, but it’s also crucial to navigating hard decisions. When you can define yourself, it will be easier to listen to your gut—and trust your instincts.

So, while you are still in your 20s, spend some time honing your personal brand. Here are some simple steps to get started:

  • List out your emotional (e.g. “fun” or “thoughtful”) and practical (e.g. “organized” or “athletic”) personality features and then pick one from each set that’s the truest
  • Determine a word that encapsulates your primary role within work or your broader life (e.g., organizer, communicator, or builder)
  • Combine all three words into one clear statement—you could be anything from “authentic, disciplined researcher” to “creative and savvy relationship builder”

2.Get Financially Literate

When it comes to your money, knowledge is power. While it can be tempting to wait until your 30s to get smart about your personal finances, it’s best to get started now. While there are all sorts of checklists of items you “need” to have—from 401Ks to stock portfolios—without financial literacy, you may not be fully prepared, or confident, to make smart use of them.

The good news? There are a growing number of free, unbiased online resources. We especially like Broke Millennialand our free downloadable e-guide with Clever Girl Finance.

3.Know How To Get To Your Happy Place, Stat

Life will never stop being stressful. In fact, as you take on additional responsibilities in your 30s, busy will be a way of life. That’s all the more reason why you should figure out the one simple thing that always makes you happy and commit it to memory.

Maybe it’s the one meal that always reminds you of home. Or maybe it’s the movie you’ve seen 10 times but still always find hilarious. You can also experiment with different types of stress relief—meditation, walks, or yoga—until you find the option that works best for you.

4.Learn Another Language

A lot of 20-year-olds feel that they missed the boat by not learning a foreign or second language when they were young. After all, common wisdom dictates that children’s brains are more absorbent.

But researchnow showsthat adults can absolutely learn a new language as long as they have a method that works for their more developed brains. And, in an increasingly globalized culture, being fluent in another language is a highly marketable skill.

So, enroll in a language course designed for adult learning. (We are big fans of Duolingo). It’s definitely not too late!

5.Get a Great Career Bag

Whether you work in a corporate environment or freelance, having a stylish and comfortable career bag is an investment that’s absolutely worth making.

Not sure where to look for a great carry-all? Check out thisstylish bagfor your career.

6. Find, And Keep, 1-2 Close Friends

One of the best parts of your 20s is how many different friends you meet. From co-workers to activity partners in a new city, you end up making memories with countless other people.

But as you head towards the second decade of adulthood, you may find that people come and go easily. After all, everyone else is figuring out where they want to end up, too.

Ask yourself who you will want in your life 5-10 years from now, and invest in growing and maintaining those friendships. Your future self will thank you for keeping those people around!

7.Find Your Timeless Style

Your 20s are an awesome time to experiment with the latest beauty or fashion styles, and our culture definitely gives you license to do that when you’re young.

But it’s also a good idea to figure out, and invest in, a look that always makes you feel your best, no matter which trends come and go.

  • An eyebrow shaping that highlights your unique face shape
  • A haircut that looks good no matter what mood your hair is in
  • A pair of jeans or a dress that you can rock year after year

8.Get Professional Advice On Your Career

You may already know a woman that you admire and whose brain you wish you could pick. Why not ask her if she will consider being a professional mentor to you?

If you're interested in connecting with a woman in your field but don't know anyone personally, you can also try Career Contessa's Hire a Mentorplatformwhere you will get structured opportunities to interact with professional women who have been through similar challenges.

Every 30-Year-Old Should Make These Financial and Life Investments (2024)

FAQs

What is the best investment for a 30 year old? ›

Contribute to a Mutual Fund.

Investors have access to a diversified, professionally managed portfolio for a small fee. Mutual funds provide competitive yields with relative safety, and are one of the best investment strategies for 30-somethings who want to save for a large expense other than retirement.

How much should a 30 year old have in investments? ›

Rule of thumb: Have 1x your annual income saved by age 30, 3x by 40, and so on. See chart below. The sooner you start saving for retirement, the longer you have to take advantage of the power of compound interest.

What should your investment portfolio look like if you are 30 years old? ›

The old rule about the best portfolio balance by age is that you should hold the percentage of stocks in your portfolio that is equal to 100 minus your age. So a 30-year-old investor should hold 70% of their portfolio in stocks. This should change as the investor gets older.

Where should you be financially at 30? ›

Average Savings by Age 30

According to the latest Survey of Consumer Finances, the average savings in transaction accounts for this group was $11,250, and the median was $3,240, in 2019. If you have more than this in your savings account at 30, you have more than many of your peers.

How can I build my wealth in my 30s? ›

The best ways to build wealth in your 30s include paying off debt, making regular contributions to qualified retirement accounts, such as a 401(k) or an IRA, and taking advantage of an employer match if it's offered. Retirement plans are a proven way to build wealth.

How do I start financially at 30? ›

9 financial moves to make in your 30s
  1. Supercharge your retirement fund. ...
  2. Set up 529s for college savings. ...
  3. Continue paying down debt. ...
  4. Check the balance on your emergency fund. ...
  5. Rethink your budget. ...
  6. Reevaluate your insurance needs. ...
  7. Avoid lifestyle inflation. ...
  8. Create an estate plan.

What is the rule of 30 investing? ›

The retirement saving 30:30:30:10 rule helps you invest income in an organized manner. It suggests investing 30% of savings into stocks, 30% in bonds, 30% towards real estate, and the remaining 10% in cash and cash equivalents.

What assets should I have by 30? ›

Aim to save an amount equal to your annual salary by age 30 as a general rule of thumb. This provides a good foundation across emergency, short-term, and retirement savings buckets. Contribute early and consistently to retirement accounts to maximize compounding returns over time.

Is 30 a good age to start investing? ›

Investing at 30 might seem a bit early to some, but by starting when you're young, you'll need less money to reach a million dollars at retirement, than if you start later. Don't stress if you haven't started to invest at 30 for your future.

How to do financial planning at the age of 30? ›

  1. Actually Stick to a Budget.
  2. Stop Spending Your Paycheck.
  3. Get Real About Your Goals.
  4. Educate Yourself About Loans.
  5. Figure Out Your Debt Situation.
  6. Establish an Emergency Fund.
  7. Don't Forget Retirement.

How to become financially free in your 30s? ›

10 steps to financial freedom in your twenties and thirties
  1. Start saving for your future...now! ...
  2. Get into the habit of budgeting — and stick to it! ...
  3. Avoid debit cards and debt accumulation. ...
  4. Bank smart. ...
  5. Have an emergency fund. ...
  6. Learn about investing. ...
  7. Set goals. ...
  8. Take advantage of free money: invest in a company-matched 401k.

How do I start saving in my 30s? ›

Here are seven tips for saving and investing in your 30s and taking advantage of perhaps your highest-earning years to date.
  1. Solidify a financial plan. ...
  2. Get rid of debt. ...
  3. Get your employer's retirement plan match. ...
  4. Contribute to an IRA. ...
  5. Maximize your retirement savings. ...
  6. Stick with stocks for long-term goals.
Sep 12, 2023

Is 30 too late to start investing? ›

Here's the real truth: It's never too late to start growing your money. And while time does matter when it comes to investing, it doesn't need to matter in the way you might think. You may be surprised at the impact just a few years can have on your savings.

Is 30 too old for a Roth IRA? ›

Is 30 Too Old for a Roth IRA? There is no age limit to open a Roth IRA, but there are income and contribution limits that investors should be aware of before funding one. 24 Opening a Roth IRA after the age of 30 still makes financial sense for most people.

How to be a millionaire by 30? ›

How To Get Rich
  1. Start saving early.
  2. Avoid unnecessary spending and debt.
  3. Save 15% or more of every paycheck.
  4. Increase the money that you earn.
  5. Resist the desire to spend more as you make more money.
  6. Work with a financial professional with the expertise and experience to keep you on track.
Apr 11, 2024

What is a good return on investment over 30 years? ›

5-year, 10-year, 20-year and 30-year S&P 500 returns
Period (start-of-year to end-of-2023)Average annual S&P 500 return
15 years (2009-2023)12.63%
20 years (2004-2023)9.00%
25 years (1999-2023)7.18%
30 years (1994-2023)9.67%
2 more rows
May 3, 2024

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