Is It To Late To Get Your Money Together In Your 30s

Many people think its just to late for them, but the truth is, you have a lot more time than you think you do. I don’t know why people want to get rich by Friday, but getting is hard, and the good thing is you have most likely a long time to do it.

First, the average life expectancy is about 77 years, so minus that from your age, and that’s the amount of time you have to get your life together ( financially )

😎Call Me😎: https://bit.ly/30IBr0i

😎Second Channel😎: https://bit.ly/3c4sVPS

👨🏽‍💻Financial Freedom Course👨🏽‍💻$100 OFF CODE: LONGTERM
Link: https://longtermteam.teachable.com/p/financial-freedom-steps-from-nothing-to-freedom

💰MY M1 FINANCE PORTFOLIO💰 PLUS $10
Link: https://m1.finance/37SHd4241z-N

Lets assume you are 39 years old, and you have left 38 years to fix thigs

What do you do

How do you do it

And why do you do it

First: Put it on Paper

Its frustrating when every problem is in your head, because you don’t know how to organize it and what to do first

So first thing is, put everything on paper

Like your income, all of your bills, all of you debts and all of your goals and do me favor ( add a why to each thing and try to find a cheaper alternative and if you don’t need it end it )

For example:

I make $40k a year because I work at X company, but I could get a new job and earn more money

I pay $200 in my phone bill, because I’m paying for cellphones, I could sell them and payoff the balance, buy a cheap and get into a prepaid plan like mint mobile

I owe 40k in student loan debt, just list everything

Second: Make Budget

Bare Bone Budget, Shelter, utilities, groceries and transportation ( everything else must go )

And hopefully you did the why section, so you see you really don’t need everything you are paying for

And you want a budget to track your expenses, but more than that you want this budget, so you can try to live on half your income ( yeah, its possible )

Third: Take Each Priority Step by Step

Debt Free Except Mortgage: Do this First

Solid emergency Account: 3-6 months worth

Invest and payoff home: invest 10-20% in perpetuity to you being alive and buy a home that’s no more than 33% of your income on a 15 year mortgage

Remember:

Pay in cash

Close credit cards

Pause if getting married

Don’t compare yourself to broke people or leveraged people

Most people have been screwing up for 20 years tops

You have another 38 years to fix it

It wont take you more than decade to elimiate debt

Or a decade to build an emergency account

Usually this plan can take less than 20 years to complete

* PRO TIP*
INFORMATION IS EVERYTHING
💲1 on 1 Talk + My Budget + Stock Investments💲
https://www.patreon.com/tommybryson

👕Merch👕
https://teespring.com/stores/tommybryson

✅2 FREE AUDIOBOOKS✅
https://amzn.to/2Enayo8¬¬¬

💰M1 FINANCE $10💰
https://m1.finance/37SHd4241z-N

🎁ACORN FREE $5🎁
Link: https://acorns.com/invite/38EYSU

⚡FREE KINDLE UNLIMITED⚡ (traditional reading)
Link: https://amzn.to/2VGbxt9

👨🏽‍💻DISCORD PRIVATE GROUP👨🏽‍💻
https://discord.gg/EcZEHpA

My Camera Gear: https://www.amazon.com/shop/tommybryson

✔ Help Us Reach 500,000 Subscribers: https://goo.gl/0wvm6w

😎All My Social Media😎
Link: https://linktr.ee/tommybryson

*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson 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. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

source