How to live below your means without feeling deprived, the importance of consistency, why percentages matter more than dollar amounts, and why you don’t have to spend less — but you sure as heck should spend BETTER.
Life can get complicated when you hit 30. You might be in the middle of countless transitions, like moving up in your career, starting a business, buying a home, getting married, growing your family — and a whole lot more.
And oh yeah, now is the PRIME TIME to get your finances right if you want to create and build your own wealth. No pressure!
To help you stay successful and maybe even get rich, we’re sharing key principles you need to know to make the best moves with your money (while stressing less about it).
On today’s show, we talk about:
- How to not just live within your means, but why you should aim to live well below those means (and why that doesn’t have to mean “deprive yourself”)
- The importance of focusing on how much you save as a percentage of your income, rather than worrying about the exact dollar amount
- A critical formula for financial success = track your money and pay attention + do it consistently!
- Why you need to not just diversify your investment portfolio, but also WHERE you invest (hint: just using your 401(k) and nothing else might not be a great idea)
- Why we believe being good with money isn’t about “oh, just spend less.” It’s about spending better (and we reveal how we do it in our own lives).
Ready for the advice you need in your 30s if you want to build a financially successful life?
Jump into the episode here:
Further Reading & Resources
- Dig deeper into Eric’s take on what it means to spend “well below” your means — and how to do it, via Business Insider
- Curious about lifestyle creep? Read more about it here.
- Find out a 401(k) alone will not make you (really) wealthy, via Kiplinger
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