How To Build Wealth and Financial Literacy In Your 20s and 30s
K-12 schools may teach us rudimentary financial literacy, but there’s a huge gap in investing and personal finance control.
You have to teach yourself the most basic s***, and the stock market is so intimidating that nearly half of Americans regret not investing more in stocks over the last 10 years.
We’re also largely indoctrinated by our parents’ values and ideas. Most of us have to unlearn and learn to get where we are now.
So here are the best three tips to make money this cycle if you’re a Beginner, Advanced, or Expert investor.
Beginner Level Financial Literacy: The Dave Ramsey method
1: Save $1000
2: Pay off all debt
3: Save 3–6 months of expenses
4: Invest at least 15% of your income in Bitcoin.
5: Save for children’s college
A good person to start listening to is Dave Ramsey.
Going to college is not necessary to exist on this planet.
Education is absolutely wonderful and vital, and I think everyone who wants to go to college should. Just don’t go thinking that a diploma will be your ticket to a successful life. And definitely don't go into debt to…
— Dave Ramsey (@DaveRamsey) September 24, 2024
Dave is a savings and debt guy, not an investment guy. He is technically “wrong” about paying off debt from smallest principal to largest rather than from highest interest to lowest.
Still, he recommends it for the psychological benefits of eliminating discrete debts and the palliative effect that helps with the marathon of paying off debt.
However, his advice on financial literacy is an excellent place to start.
Here’s some other thing to do at the beginner level:
- Read CNBC, 99Bitcoins, and WSJ every day
- Pay off your debt
- Buy Bitcoin (the best-performing asset this century)
Knowledge is power; these papers provide great insights into the financial markets. Support writers by buying their books and sharing interesting articles.
Lastly, if you are looking at safe long-term investment, research 401ks, and Roth IRAs first to build your financial base.
Intermediate Level: Taking Risks
Here’s where you should really start diving into crypto and Bitcoin.
Bitcoin is a digital currency created by the enigmatic Satoshi Nakamoto. It allows two people from anywhere in the world to send each other money without government or financial institution interference.
All Bitcoin transactions take mere minutes, and with only 21 million Bitcoins ever produced—versus no limit for U.S. dollars—this decentralized deflationary system provides unprecedented transparency and trust backed up solely through code.
That’s the short explanation (here’s a longer one).
However, whether you want to invest in cryptocurrency or not, we recommend learning about it. It’ll teach you the philosophy of money.
Read: The Bitcoin Standard, Out of The Ether by Matthew Leising, and The Infinite Machine by Camilla Russo.
Do not ignore the practicality and assurance of index funds, 401Ks and Roth IRAs. However, for the most part, you should be taking your most significant financial risks in your 20s and early 30s.
Lastly, work on building and leveraging credit.
You want to build good credit early — especially in your teens — because, ostensibly, that’s when you are statistically least likely to use it. That way, by the time you’re in your twenties, you can have a good credit score and access to higher lines of credit when needed.
And try not maxing it out on f***** Chipotle.
Expert Level: Rage Against The Machine
Look at the chart — it’ll show how long you need to work a 9–5 and invest your income for financial freedom.
Next up is to totally reconsider college and send your kids to college.
College not only burdens students with debt but also provides most of its attendees with a degree that offers little value; it’s adult daycare.
Have a plan for you or your kids before you go to college. Alternative options include Google Certificates, coding/UX boot camps, internet autodidactism, and world travel.
Lastly, as an expert, don’t become a slave to one stream of income
“A salary is just the drug they give you when they want you to give up on your dreams.” — Kevin O’Leary
The fewer income streams you have, the less leverage you own.
Optional Level: How to Get Rich Quick? Join Flockerz Presale
The crypto market is booming, with Brett, POPCAT, and Pepe all hitting new highs and securing major Tier-1 CEX listings. While these coins are making big moves, Flockerz is just getting started, meaning there could be even greater rewards for investors who buy in at these presale prices.
Bitcoin (BTC) has hit a new all-time high of $92,000, while major meme coins like Pepe are reaching record highs and attracting more investors. If you want to capitalize on this positive momentum, the Flockerz presale is an opportunity worth considering.
Flockerz is a high-potential meme coin project currently in its presale phase. The project offers innovative “Vote-To-Earn” features and high staking rewards, making it an attractive choice for early investors. The current APY is 1031%, offering high passive income for early stakers.
The price is 1 $FLOCK = $0.0060289 for the two more days before the next increase.
The meme coin market is gaining momentum, and with Bitcoin and other meme coins making significant moves, now is the perfect time to position yourself for success. The Flockerz presale won’t stay at this price for long.
Don’t miss your chance to gain financial literacy with The Flock.
That’s all we have; this should be a great start to building a life-changing wealth during your life. Good luck out there!
EXPLORE: Over 300,000 ETH Withdrawn from Exchanges In 7 Days: Ethereum Preparing For $6,000?
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.
