In our discussion about socio-economic class on Tuesday, Angie mentioned a series of articles from Liz Pulliam Weston (my favorite personal finance guru). Each of these describes what the average financial situation is like for a particular age group.
- Your 20s: See how your wealth measures up — “You’re poorer than you’ll ever be again, but you can lay the groundwork for a prosperous future. Here’s how your finances compare to others your age.”
- Your 30s: Now’s the time to get ahead — “At this point of your life, you’re starting to see financial gains — or the first signs that things might not work out as planned. Here’s how you compare to your peers and where to find help.”
- Money in your 40s: It’s make or break — “The time for mistakes is over. If you haven’t begun to build wealth, to control debt, to look toward retirement, then now is the time.”
Here’s an unrelated article I found interesting:
>> Time is all we have: 3 ways to increase return on investment <<
“Many people think their time isn’t valuable when they aren’t working, so they throw it away on activities that have a poor return on investment and don’t build for the future. The truth is, no one else is going to consider your time valuable until you do. If you want to acquire the wealth that will provide the freedom to live your ideal lifestyle, start thinking of every decision as an investment. Nothing is insignificant.” Pick the Brain is becoming one of my favorite blogs. It’s not specifically about personal finance, but it has some great tips.
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