14 Facts About Money You Should Know by Age 30 1 year ago

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There are definitely certain things you can do that will lead to prosperity, but there are others that will bring you to financial disaster. If you want to sleep soundly at 50 because you practiced good money habits at 30, then you’ve come to the right place.

Kids are expensive 0:48
It's not embarrassing to ask for a promotion 2:15
It's more profitable to rent than own 4:04
Invest in your health and education 5:15
Don't invest in something you don't know well 5:42
Don't borrow to pay old debts 6:16
Stay connected with your friends 6:50
Buy good quality shoes and clothes 7:19
Avoid impulse purchases 7:50
Start saving money for old age now 8:19
Eat and cook at home 8:44
Put part of your salary into a savings account 9:27
Be on the same page with your significant other 10:05
Find a passive source of income 10:40

- Raising just one kid can drain your funds up to as much as a quarter of a million dollars!
- If you've been working in the same position for more than 3 years, the time has come to make your way up the career ladder.
- When you rent, you don’t have to spend money on maintenance, taxes, and sometimes not even on furniture.
- It's important to take care of yourself, go on vacation at least once a year, get enough sleep, and eat the right foods.
- Giving into strong emotions or impulses to invest in dubious projects can strip you of a lot of (if not all) your money.
- Don’t take out a new loan in order to pay off an old one, and don’t borrow money from one friend so that you can pay back another.
- Personal relationships are much more important than money. No amount of money is worth losing your friend over.
- It's more cost-effective to spend more money on durable things because you’re not buying them again and again.
- If you’re on a tight budget, impulse shopping will punch holes right through it.
- If you save at least $20 to $50 a month, you’ll have a decent amount in your account when you’re elderly, which will make you feel more secure.
- Next time you go to the grocery store, count up how much you spend on your food.
- Anything can happen, and some things demand a lot of money from you.
- Partners should be unanimous when it comes to financial questions.
- Study the best ways to invest money and choose the one that suits you the most.

Maybe we've missed something? If so, add your own advice on how to manage money more reasonably in the comments section!

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