Five Money Mistakes YOU MUST Avoid In Your 30s

There are a lot of different life events that are going to occur in your 30s. Maybe you're starting a family or looking to purchase your first home. A lot of these events are going to require a good amount of money, so it's important to stay away from mistakes that will negatively impact these events.

You need to start thinking about retirement in your 30s. Sure, 65 may seem like a long ways away, but trust me it comes fast. Come up with an investment strategy, and get on it! Do not wait to invest!

In your 30s, it will also be extremely important to take a look at your financial knowledge. Unfortunately, the education system has failed us in a sense that they don't exactly teach us important financial knowledge...that leaves it up you to learn. Watch videos on YouTube (we have plenty of those!), talk to a financial advisor, or join a course so that you can become more financially literate.

You still have a lot of life to live when you're in your 30s, but it'll be important to reflect on your lifestyle and what goals you want to achieve. Is your current job going to be able to get you to those financial goals? Take a step back, and really dissect what your goals are.

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

[TheSavvysimple]

I especially resonated with the point about merging bank accounts with your significant other—it’s amazing how accountability can transform your financial health. Also, the emphasis on financial literacy is so important—why isn’t this taught in schools? What’s one financial goal you’re working towards right now?

[Squatle]

Lol, buy a "bigger" house in my 30's. I'm in Vancouver, I'm trying to buy a bedroom

[Marco-qcyu]

I can not over emphasize FINANCIAL LITERACY. I had none, and dealing with banks on investment and mortgage was like a Lamb to slaughter. I now know enough that I realize that every single transaction I’ve made has been to my detriment and to the banks gain. Not only in money but more importantly in a lost decade of time.

[shivanishah]

This is great advice, as someone who just entered this decade of life I feel better knowing I'm on the right track! Keep up the good content.