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Building Financial Success in Your 30s and 40s

Building Financial Success in Your 30s and 40s

Building financial success in your 30s and 40s. Based on your age and life cycle how you build financial success will be different. In part one we explored financial tips that you can use in your 20s. Read it here, if you haven’t already. In part two, we will explore more financial strategies that you can apply in your 30s and 40s.

Your 30s

When you reach your 30s, the expenses can start to mount up and become larger. For example, you may be planning to get married, start a family or buy your first home. Even though your career may be paying you more money now than it did in your 20s, it doesn’t take a long time for expenses to start to add up and make you feel overwhelmed. To reduce stress and keep your financial goals on track, here are a few strategies to keep in mind during your 30s:

Your 40s

Once you reach your 40s, it’s time to have a solid financial plan in place and stick to it. At this time, it’s also important for you to figure out what you want out of life and start thinking more about retirement. In addition, here are a few more tips to keep you on track:

Overall, when you’re in your 40s, it’s essential that you stick with the kind of lifestyle that you can afford. Watch out for bad spending habits and keep your retirement goals in focus.

If you feel stuck or need additional help, contact a qualified Ricarmo Financial Group adviser today.