The 5 Financial Goals To Achieve In Your 20s financial advice

by WEyuicvkjhAGF



Here are the 5 financial milestones that everyone should aim to achieve in their 20’s – Enjoy! Add me on Instagram: GPStephan

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First, and the most reasonable goal that I think everyone should aim to hit in your 20s…is to get your credit score above 750:
For anyone who’s not aware…your credit score is just a calculation that shows how responsible you are in paying back money that you owe. That might include credit cards, auto loans, student loans, a mortgage payment…or, anything else where you aren’t paying for something with your own money, upfront. And this term known as a “Credit Score” is basically a grade that lenders use when determining how much of a loan you’ll get, and what interest rate you’ll pay.

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Second, speaking of paying off debt…it would make me happy if, by the time you’re 30…you’ve gotten yourself, what I like to call…”BAD-DEBT FREE.” It’s like saying “Debt Free”…except it’s BAD DEBT FREE.
So, really – from the way I see it – it’s not necessary to want to call yourself entirely DEBT FREE by the age of 30….because, some types of debt can actually be really useful in terms of making more money and being financially responsible.

Third, by the age of 30, you should have at LEAST 1.5 years of your expenses invested.
That means, if you’re spending $3000 per month on rent, utilities, car payment, food, and smashing the like button…you should have, at MINIMUM, $54,000 invested in the markets. Or, if your spending $2000 a month…that equals $36,000 invested.

Fourth, I highly recommend that – by the age of 30 – you create a SECOND source of income in addition to your main job.
This is something I’m surprised isn’t mentioned more…because, as you get older and advance further in your career…it’s so important to use that as LEVERAGE to make even more money, and diversify your income into other areas. After all, when surveyed, it was found that nearly 2 out of 3 millionaires had at least ONE extra source of income – with the most common being real estate investing:

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Fifth, by the age of 30…I’d recommend that you aim to save at LEAST 25% of your income each year, and invest that amount towards your retirement.
For most people to save and invest 25% of their income, it takes skill. You need to be dedicated to tracking your expenses, you need to be disciplined when it comes to your spending, you need to live below your means, and you need to place an importance on the future…and investing 25% of your income just comes as a byproduct of doing all of those things, consistently. Not only that, but it also motivates you to increase your income, just so that you’re able to maximize the value of your own time – and then pocket the difference.

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For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. .

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27 comments

Diegomolinams98 24/09/2021 - 1:39 AM

Nice one, I'm 23

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Otaku Akuma 24/09/2021 - 1:39 AM

Well $#!+ I'm 23 1/2 . . . so I'm a bit late on this video but regardless this does help me a lot

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21 Manpreet Singh 24/09/2021 - 1:39 AM

NO.1 TIP don't buy anything shown in thumbnail

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Charles Hunt 24/09/2021 - 1:39 AM

Yeah building your credit score is definitely not free it cost you time at the very least and some of us see our time is valuable and some do not

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Drew DeBlasiis 24/09/2021 - 1:39 AM

do you mean vested money or are you including earnings as well.

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Brad Hardman 24/09/2021 - 1:39 AM

I’m so glad he makes these videos! There is too many people who don’t know ANYTHING about the real world until they are thrown into the real world with out the tools to build their net worth!!

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Sem-de-Vries 24/09/2021 - 1:39 AM

Credit score isn't important here in the Netherlands

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Raikrow Beats 24/09/2021 - 1:39 AM

your like button jokes are getting funnier and funnier…you got my like, sir!

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Matthew Peterson 24/09/2021 - 1:39 AM

Hey Graham these are really helpful! I would love more FinAdvice like this. I don't think every is as Financially savvy watching as you think.

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Andrew Blocher 24/09/2021 - 1:39 AM

Cudos Stephan!! Also jsyk, the algorithm really wants likes + comments.

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I’m Agata 24/09/2021 - 1:39 AM

Hi Graham, where should we be investing this 25% of our income if we are already contributing to 401k and maxed out Roth IRA?

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Hustler Setups 24/09/2021 - 1:39 AM

Nice

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Chaddons Chaddons 24/09/2021 - 1:39 AM

In your description you listed your camera equipment. The lens you listed works only for Nikon cameras and yet, your camera bodies are both Canon. These are non compatible.

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Thrud 24/09/2021 - 1:39 AM

Not even 20 and already met the first goal.

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Money Mindset 24/09/2021 - 1:39 AM

The school didn't teach us these things, Thanks, Graham!

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G Q 24/09/2021 - 1:39 AM

Made a second account so i could like the vids

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Copy Trading TV 24/09/2021 - 1:39 AM

I am 23 this year and I happy that I accomplished 4/5, now I really need to go get a credit card ASAP.

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Joseph Collard 24/09/2021 - 1:39 AM

Love this video. Just hate to think sometimes that taxes will take a good amount out of someone’s salary, when you earn that and can make more money with it.

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Konst Kramer 24/09/2021 - 1:39 AM

God damn, this smashing works.

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Shawn Sparks 24/09/2021 - 1:39 AM

FYI you are starting to brag way too much. Your charm in the beginning was that you were informative and didnt make almost every video about how much you have. I guess thats whats entertaining now a days anyways wish you all the luck in the world

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Krish Agarwal 24/09/2021 - 1:39 AM

But what if u are still in your 13s

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Delta Charlie 24/09/2021 - 1:39 AM

The more you remind me to “smash the like button” the less I feel inclined to do so. Feels like begging at this point.

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Levi Givens 24/09/2021 - 1:39 AM

Things like the car in the thumbnail is exactly why your subscribers don't trust this garbage anymore.

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xsnoYY x 24/09/2021 - 1:39 AM

homie you are talking to a 16 yr old who is tryna understand life

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Generic Shitposts 24/09/2021 - 1:39 AM

det

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Kieron Farley 24/09/2021 - 1:39 AM

So I already find financing and budgeting quite fun (I’m 19 and love working out my costs of living) so these milestones help me apply them. Thanks!

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Kissmyabby 24/09/2021 - 1:39 AM

You're like a finance daddy.

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