Ages 21 to 30 Setting the Groundwork
At this point, making long-term financial and educational preparations ought to come first. Even though your income will probably be low during this time, you still have time on your side. Your ability to set and stick to financial goals will greatly influence the amount of wealth you amass over the course of your lifetime.
Make an investment in yourself and begin a regular savings schedule. You should think about putting more of your money in growth-oriented funds like equities funds, balanced funds, and personal pension plans now that you have more time to counterbalance the volatility of returns. To avoid financial difficulty, make an effort to pay down your bills and refrain from living over your means.
