How to Get Rich In Your 30s
Here's the truth: having debt or no investments in your 30s isn't a life sentence to being broke. Whether student loans ate your savings or life threw you curveballs, you're not alone. Building wealth isn't about where you start - it's about your strategy moving forward.
Ready for your financial reset? Here are the 3 exact steps I would take to build wealth from scratch in my 30s.
Let's get real: If you want to get rich, you need to make more money.
Yes, budgeting helps. But increasing your income? That's where the real wealth comes from. Your Target: 15% more money every 2 years (either at your job or somewhere new).
How to get that raise:
- Master skills that make $$$ in your role
- Track your wins with actual numbers
- Be your boss's favorite
- Ask for money during EVERY review
If they're not giving raises? Time to job hunt 👋
Remember: Your skills = Your earning power
Invest in yourself and the money will follow
If you wanna get rich from scratch in your 30s, you need a spending plan and discipline. Use the 50/30/20 budget as your starting point. 50% of your income goes towards needs, 30% to wants, and AT MINIMUM 20% to future you. But here’s the secret if you want to build wealth even faster- push that savings rate to 25% or even 30% every time you get a raise and keep your quality of life the same.
You cannot save your way to rich. You need to invest your money- even if it’s a small amount. And time is your BIGGEST ASSET here so we need to get started right away. Invest in this order so you maximize your tax advantages:
- Employer Match: Max it out.
- Roth IRA: Open one or do a backdoor Roth if you exceed income limits.
- 401(k): Max it out, or if you're self-employed, open a solo 401(k) or SEP IRA.
- HSA: If you have a high-deductible health plan, max this out too.
- Index Funds: Invest in low-cost options like VOO, VTI, VUG, VT, BND, AGG.
If you follow these steps, you will be rich. It’s not gonna be easy but it will be worth it.
